Kamis 09 Jun 2016 20:24 WIB

Indef: Investors still complain about licensing red tape

Enny Sri Hartati
Foto: ROL/Nursari Indah M
Enny Sri Hartati

REPUBLIKA.CO.ID, JAKARTA -- Investors still complain about licensing red tape in some ministries despite government regulation to simplify procedure, a leading economist said.

Some ministries still are not yet ready to hand over the licensing authority fully to the One Stop Service Agency (PTSP), Enny Sri Hartati, the executive director of the Institute for Development of Economics and Finance (Indef) said.

The capital Investment Coordinating Board (BKPM) has said investment licenses would be available for priority investment projects in three hours.

Enny said not all ministries or other government agencies have handed over the standard licensing procedure to the PTSP.

The government need to address the problem of poor coordination among the related agencies in creating standard procedure of issuing business license, she said.

Investors are often confused by the absence of standard procedure in the government agencies, she said.

Standardization of procedures would make it easier for investors to meet all the requirement to secure business license, she said.

Enny said she appreciated some breakthroughs by the Capital Investment Coordinating Board in simplifying licensing procedure.

The fast priority service of three hours is a breakthrough to facilitate investment by BKPM, she said.

A deputy at BKPM Lestari Indah said the 'three-hour service' is to give investors certainty in doing business, and in imports of capital goods.

Lestari said the three-hour service has expanded coverage since its was first launched , adding originally it covered only three licenses, but now eight licenses were finished in three hours.

Originally only investment projects worth at least Rp100 billion or providing 1,000 jobs were entitled to the special service, but now investment in transport, energy and mineral resources, public works and communications and informatics sectors are also entitled to the fast service.

sumber : Antara
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