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Govt deregulated 99 percent of basic regulations: Minister

Jakarta (ANTARA News) – The government has deregulated and simplified 99 percent of the basic regulations covered in the economic police package 1 to XIII, that have been issued since September 2015, Chief Economic Minister Darmin Nasution said.

“The number of basic regulations that were deregulated through the economic policy package I to XIII totaled 204,” Darmin said in a press briefing on “Two Years of Jokowi-JKs Government Performance,” at the Presidential Staff Office, here on Tuesday.

He said that out of the 204 basic regulations, about 202 or 99 percent have been deregulated and simplified.

Besides basic regulations, there were also 26 derivative regulations, which were deregulated through the economic policy package I to XIII.

“We have issued 13 economic policy packages to reform regulations in an effort to provide ease of doing business,” the minister said.

He said that with regard to the ease of doing business, the World Bank will on Wednesday announce its rating. “Tomorrow, the WB will announce the (ease of doing business) rating. The WB said it is still embargoed till 12 hours tonight. We hope that the Indonesian rating will increase,” Darmin said.

Based on the WB survey, Indonesia ranks 109 out of 198 countries in the banks ease of doing business rankings. President Jokowi has called for Indonesias rating to be increased to 40.

Indonesias position is behind other ASEAN countries such as Singapore in the first position, Malaysia in the 18th position, Thailand in the 49th position, Brunei Darussalam in the 84th position, Vietnam in the 90th position and the Philippines in the 103rd position.(*)

Link: http://www.antaranews.com/en/news/107389/govt-deregulated-99-percent-of-basic-regulations-minister