Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Improving Indonesia's Investment Climate
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Improving Indonesia's Investment Climate

President Yudhoyono Issues an Executive Order to Make it Easier to Do Business in Indonesia.


Bali News: Improving Indonesia's Investment Climate
Click Image to Enlarge

(3/6/2006)

On February 27, 2006, just prior to departing on a three-country tour to Brunei, Cambodia and Myanmar, Indonesia's President Susilo Bambang Yudhoyono issued Executive Order Number 3 of 2006 aimed at changing a number of regulations and bureucratic procedures that currently impede efforts to encourage investment in the country.

During each of the stops during his ASEAN tour, the President took every opportunity to publicize Indonesia's earnest desire to foster investment. At one of his official stops he said: "This is very important, we are continually working to improve the investment climate. We have been partially successful in this effort, but there is still more work to do. Because of this, we have put together a clear statement of what we wish to accomplish in creating a better investment climate, who must undertake each task, what must be done, and what laws, government regulations or other regulations must be introduced."

The President added: "In this way it is my hope that the steps we are taking to improve the investment climate it will become increasingly clear and transparently visible to both local and foreign investors what we posses. It's been said that the investment climate in Indonesia is terrible; everything is uncertain; everything is unclear – and that was indeed the situation 3-4 years ago when things were not fixed and certain because every year there was a new set of regulations. But this time, because we have now identified the problems, our future steps will be more precise, more focused in their direction and more calculated."

Among the investment-related issues addressed in the Presidential instruction are national infrastructure, the taxation system, customs and importation procedures and information technology.

According to the Jakarta Post the changes promised by the new Presidential instructions include:

• Plans to reduce the amount of time needed to process a business license from 150 days to just 30 days.

• Amendment to the investment laws to formally regulate equitable treatment for foreign investors.

• Shortening cargo processing procedures at ports and harbors, reducing processing time from 30 days to just 7 days.

• Steps to simplify immigration and labor department processing of stay and work permits for foreigners.

• A revamp of the tax office with improvements in self-assessment tax procedures, improving transparency at the tax office and more protection of taxpayer's rights.

• Creating more flexibility in the labor market by improving the way in which labor disputes are settled and making regulations more conducive to employment creation.

• Steps to empower and protect Indonesia's large number of overseas workers.

• Greater emphasis in encouraging investment by small and medium-sized enterprises.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Reducing Fatal Snakebites in Indonesia
Indonesia Needs to Develop a Range of Poisonous Snakebite Serum Vaccines
(11/23/2014)
Imprisoned on Appeal
Supreme Court Send Bali Lawyer Rizaldy Wartuty to Prison for Fraud in a Property Deal
(11/23/2014)
Snatch Thieves, Catch Thieve
Police Arrest Two Pickpockets Operating on Poppies Lane II in Kuta, Bali
(11/23/2014)
Prisoners of Paradise
Bali’s Kerobokan Prison Bursting with Inmates While New Prison Construction in Bangli Stuck in Bureaucratic and Funding Delays
(11/23/2014)
Roadside Banditry
Villagers between Selat and Sideman Participating in Collection Illegal Retributions from Passing Trucks
(11/23/2014)
Where to Lunch in Ubud
Too Good Not to Share: Warung Teges, Peliatan, Ubud for Outstanding Nasi Bali
(11/23/2014)
Refusing Treatment Proves Fatal for Arab Tourist
Saudi Arabian Tourist Fall Ill and Dies in Bali
(11/23/2014)
Asia’s Best Street Food in a Single Locale
Too Good Not to Share: Bali Update Editor Discovers that Sarong’s Love Affair with Indonesian Cuisine Continues to Blossom and Bloom
(11/23/2014)
Saved from the Satay Grill
Bali Water Police Rescue 51 Endangered Green Turtles
(11/23/2014)
Man of the People
President Joko Widodo Flies Economy to Attend Son’s Graduation in Singapore
(11/23/2014)
A Dozen Years for Homicide
19 Year-Old Male Prostitute who Killed American Paul Latourell Sentenced to 12 Years Prison
(11/23/2014)
Fire in Ubud
Massive Fire Destroys Clear Café and Five Nearby Homes in Ubud, Bali
(11/23/2014)
All [News]!