Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
USD/IDR (14,690) +0.00 +0.00%
EUR/IDR (17,369) +0.00 +0.00%
Jakarta Composite Index (5,126.33) +22.92 +0.45%
Indonesia improved 11 positions in the World Bank Doing Business 2016 ranking. Southeast Asia's largest economy jumped from rank 120 in the (revised) 2015 index to 109 in the 2016 ranking. The 'Doing Business 2016: Measuring Regulatory Quality and Efficiency' is an annual flagship publication of the World Bank, monitoring the regulations that enhance the ease of doing business in the following areas: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
One of the key findings of the new report is that 122 economies saw improvements in their local regulatory framework. Such reform implementation is led by developing markets. A total of 85 emerging economies implemented 169 reforms during the past year (compared with 154 reforms in the preceding year).
Singapore continues to lead the World Bank's Doing Business ranking in the 2016 edition. Meanwhile, although having improved in the ranking, it is still worrisome that Indonesia is ranked far below regional peers such as Taiwan (11), Malaysia (18), Japan (34), Thailand (49), Vietnam (90), and the Philippines (103).
Doing Business 2016 Ranking:
|2. New Zealand|
|4. South Korea|
|5. Hong Kong|
|6. United Kingdom|
|7. United States|
Source: World Bank 'Doing Business 2016'
Ease of Doing Business in Indonesia:
Please note that the 2014 and 2015 rankings are revised rankings
||2014 Rank|| 2015 Rank
|Starting a Business||158||163||173|
| Dealing with Construction Permits
| Getting Electricity
|Protecting Minority Investors||43||87||88|
|Trading Across Borders||61||104||105|
Source: World Bank's Doing Business Reports