Despite reforms, red tape still ‘main problem’ for regional projects – Regulations

    Fadhil Haidar Sulaeman (The Jakarta Post)


    Jakarta   ●  
    Thu, January 19, 2023

    More than two years after embarking on far-reaching reforms, the government has confirmed that bureaucratic hurdles remain the number one obstacle to investment cited by businesses.

    New licenses for spatial planning and building, both products of the Job Creation Law, had caused a backlog of investment projects, but the “snap remedy” was in the hands of regional leaders, President Joko “Jokowi” Widodo said on Tuesday at the annual National Coordination Meeting (Rakornas) of Regional Heads and the Regional Leadership Coordination Forum (Forkopimda) in Sentul, West Java.

    Jokowi signed the Omnibus Law on Job Creation in November 2020 to streamline multiple investment regulations under a single law and to minimize the authority of regional entities to make investment decisions through the Investment Ministry’s Online-Single Submission (OSS) platform.

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