An Uphill Struggle...Still
Tuesday, October 2, 2007
To those who may be lulled into thinking Indonesia’s 6 percent-plus growth rate is good enough reason to rejoice, take a good look at how we are being ranked by the business community.
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AMONG 178 countries surveyed by the World Bank last year Indonesia ranks 123rd in ease of doing business. Our standing in the East Asia region isn’t any better. Of the 14 East Asian countries, Indonesia stands fourth from last, just above the Philippines, Cambodia and Laos. In fact, it takes the longest time to start a business in Indonesia—105 days, compared to five days in Singapore, 24 days in Malaysia and 33 days in Thailand.
Doing Busin
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