Indonesia’s ranking on the ease of doing business index in the World Bank’s “Doing Business 2020” report remained at 73rd of 190 countries, the same position as one year prior. The introduction of various regulations and policies that were designed to be friendly to investors apparently have not succeeded in boosting Indonesia’s ranking to 40th, which has been targeted by President Joko Widodo, better known as President Jokowi. Government Regulation No. 24 of 2018 on electronic…
From The Report: Indonesia 2020
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This chapter examines the legal system of Indonesia, focusing on regulations to boost investor appeal and enhance the ease of doing business. These include measures for the regulation of e-commerce activities to support ongoing digitalisation, data protection legislation and the proposed omnibus laws. This chapter contains a viewpoint from Teguh Maramis, Senior Partner, Lubis Santosa & Maramis.