Indonesia came in 73rd position on an international ranking for ease of doing businesses by the World Bank in 2019. - Reuters
JAKARTA (The Straits Times/ANN): Singapore businesses hope Indonesia's new 'Omnibus Law' will bring essential reforms in a wide range of areas from business permits to labour, enabling businesses to operate more efficiently in South-east Asia's largest economy.
The law aims to simplify processes to get business licences and also introduces flexibility in the country's labour market by easing recruitment and outsourcing.
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