Yonatan Hermanto, of counsel at Armila & Rako is actively involved in the Omnibus Law drafting committee. Below is his opinion on the most talked Omnibus bill draft that has just been submitted to the House of Representative recently.
Indonesia under President Jokowi aims and maintains to improve its economic growth and the rating in World Bank’s Ease of Doing Business. Indonesia’s rank has currently remained in number 73 among 190 economies in 2020 survey. Complicated bureaucracy is the main reason Indonesia has not been able to jump to higher rank since last year’s survey. In order to make Indonesia more interesting to investors, the government has been making changes to ease the bureaucracy. Starting with the application of Online Single Submission, a digital system for business license and permit registration which simplifies the process of obtaining some licenses and permits quite significantly. However, in order to make bureaucracy efficient, changes must be done across sectors and between government departments.
The omnibus bill which is hoped to accommodate the interest of all stakeholders, will resolve conflicting rules – a hurdle that most businesses experience in Indonesia; and eventually will streamline the licensing process in almost all strategic business sectors.
As the draft bill has finally been submitted last week, we are hoping that the country will be more attractive to investors and the goal of 6% economic growth will be achieved.
Tue, Sep 8th 2020, 10:12
Indonesia recently ratified a long-anticipated bill amending the country’s 2009 Mining Law. Lawyers say that the large-scale revisions to the law could improve the feasibility of doing business in Indonesia's natural resources sector.
Mon, Aug 31st 2020, 13:29
Aksi pembakaran atas asset milik perusahaan tambang emas PT J Resources Bolaang Mongondow disesalkan oleh Asosiasi Pertambangan Indonesia (Indonesia Mining Associatio/IMA).
Thu, Jul 23rd 2020, 13:59
Wed, Jun 3rd 2020, 16:21
Amid the national battle against Covid-19, on 12th May 2020 the House of Representatives (DPR) managed to pas revision to the law No. 4 of 2009 concering Coal and Mineral Mining. The effort to provide certainty for the industry players deserves an appalud, despite persisting controversies and here and there flaws in the amendment.
Fri, May 29th 2020, 19:08
Are You Ready to Re-Open for Businesses This Time Around?