Business Info
This is One Way to Trim The High Cost Economy
Ease the granting of business license may be the solution to reduce the high costs of economic practice, said the Chairman of the Permanent Commission on educational policy and human resources “More and more regulations will increasingly provide opportunities for corruption that led to the economic costs are high. Opportunities were to be reduced by facilitating business license, exemplifies, compared to China and Singapore, the permission management in Indonesia start a new business takes a lot longer.
“Get a business license in China it took 41 days, Singapore even it only took 8 days and Indonesia took 151 days based on World Bank data, the longer it takes the more transaction costs because of the many negotiations,
Furthermore, when measured from the bureaucratic rules, then the number of days it takes the offender attempts to deal with the bureaucracy is 570 days, far compared China’s only took 21 days.
“The existence of autonomous region then appeared damning charges also applicable local causes of the competitiveness of the product nor Indonesia is low, Based on the calculations of the World Economic Forum competitiveness ranking in Indonesia 2011 is 46, down compared to a ranking of 2010 are in position 44, although previously from a position of 54.
“With these obstacles so investors who want to get into Indonesia was re-thinking and the result is the ground work was choked up,
According to these conditions, Suharyadi, Indonesia business environment rankings are below the rank of other ASEAN countries such as Singapore, Malaysia, Brunei Darussalam and Thailand.