Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Davidson Samosir
On Thursday (28/3), Indonesia’s Coordinating Ministry for Economic Affairs and Japan’s Ministry of Economy, Trade, and Industry (METI) gathered for a workshop in order to discuss Indonesia’s low score on the “Legal Rights Index.”
As a background, according to a World Bank report, Indonesia ranked 129 of 185 countrieson credit access for local businesses, with Malaysia ranking first and Palau last.
|
Country |
Getting Credit rank ? |
Strength of legal rights index (0-10) |
Depth of credit information index (0-6) |
Public registry coverage (% of adults) |
Private bureau coverage (% of adults) |
|---|---|---|---|---|---|
|
1 |
10 |
6 |
56.1 |
81.8 |
|
|
1 |
10 |
6 |
0.0 |
54.0 |
|
|
1 |
10 |
6 |
0.0 |
100.0 |
|
|
4 |
10 |
5 |
0.0 |
100.0 |
|
|
4 |
9 |
6 |
0.0 |
35.5 |
|
|
4 |
10 |
5 |
0.0 |
89.4 |
|
|
4 |
10 |
5 |
63.8 |
0.0 |
|
|
4 |
10 |
5 |
25.2 |
0.0 |
|
|
4 |
10 |
5 |
0.0 |
100.0 |
|
|
4 |
9 |
6 |
0.0 |
76.9 |
|
|
------- |
|
|
|
|
|
|
------- |
|
|
|
|
|
|
129 |
3 |
4 |
36.0 |
0.0 |
Source: http://www.doingbusiness.org/data/exploretopics/getting-credit
World Bank uses the “Legal Rights Index” to measure the legal rights of debtors and creditors with respect to secured transactions, with Indonesia scoring 3 out of 10.
As a result, Indonesia teamed up with Japan in order to address the credit access issue. It is important to note that Japan is immensely successful at providing credit access according to Asia-Pacific Economic Cooperation (APEC) Ease of Doing Business Action Plan.
Atsushi Tanizawa, Principal Deputy Director of APEC, revealed that Japan has been assisting Indonesia since 2012 and will end this assistance by June 2013. The cooperation has provided much insight on how to improve Indonesia’s credit rating.
Meanwhile, Ryuji Kojima, a Partner at the Corporate Direction of Inc – Japan, stated that in order to initiate an improvement to Indonesia’s credit rating, there must be a legal reform in Fiducia securities and Bankruptcy legislation that will protect the rights of both debtors and creditors.
In response to the suggestion, Yetty Septirawati, Head of the Department for Bank Licensing and Banking Information at Bank Indonesia (BI), confirmed that recently, the Government has issued the following regulations to improve Indonesia’s credit rating: BI Regulation on Credit Information Management Institution (15/1/PBI/2013) and the Ministry of Law and Human Rights Regulation on Electronic Registration of Fiducia Securities (Regulations No. 8, 9, 10 of 2013).
Speaking during the same event, Rizal Affandi Lukman, Deputy Minister for International Economic Cooperation at the Coordinating Ministry of Economic Affairs, asserted that BI Regulation No. 15/1/PBI/2013will ease credit institutions’ ability to provide loans.
In addition, he is confident that with the establishment of the new Credit Information Management Institution, lending institutions would not have to do a background check on each applicant. In the long run, Rizal concluded, the system will promote easier credit access for Small-Medium Enterprises.
(jt)
Davidson Samosir
On Thursday (28/3), Indonesia’s Coordinating Ministry for Economic Affairs and Japan’s Ministry of Economy, Trade, and Industry (METI) gathered for a workshop in order to discuss Indonesia’s low score on the “Legal Rights Index.”
As a background, according to a World Bank report, Indonesia ranked 129 of 185 countrieson credit access for local businesses, with Malaysia ranking first and Palau last.
|
Country |
Getting Credit rank ? |
Strength of legal rights index (0-10) |
Depth of credit information index (0-6) |
Public registry coverage (% of adults) |
Private bureau coverage (% of adults) |
|---|---|---|---|---|---|
|
1 |
10 |
6 |
56.1 |
81.8 |
|
|
1 |
10 |
6 |
0.0 |
54.0 |
|
|
1 |
10 |
6 |
0.0 |
100.0 |
|
|
4 |
10 |
5 |
0.0 |
100.0 |
|
|
4 |
9 |
6 |
0.0 |
35.5 |
|
|
4 |
10 |
5 |
0.0 |
89.4 |
|
|
4 |
10 |
5 |
63.8 |
0.0 |
|
|
4 |
10 |
5 |
25.2 |
0.0 |
|
|
4 |
10 |
5 |
0.0 |
100.0 |
|
|
4 |
9 |
6 |
0.0 |
76.9 |
|
|
------- |
|
|
|
|
|
|
------- |
|
|
|
|
|
|
129 |
3 |
4 |
36.0 |
0.0 |
Source: http://www.doingbusiness.org/data/exploretopics/getting-credit
World Bank uses the “Legal Rights Index” to measure the legal rights of debtors and creditors with respect to secured transactions, with Indonesia scoring 3 out of 10.
As a result, Indonesia teamed up with Japan in order to address the credit access issue. It is important to note that Japan is immensely successful at providing credit access according to Asia-Pacific Economic Cooperation (APEC) Ease of Doing Business Action Plan.
Atsushi Tanizawa, Principal Deputy Director of APEC, revealed that Japan has been assisting Indonesia since 2012 and will end this assistance by June 2013. The cooperation has provided much insight on how to improve Indonesia’s credit rating.
Meanwhile, Ryuji Kojima, a Partner at the Corporate Direction of Inc – Japan, stated that in order to initiate an improvement to Indonesia’s credit rating, there must be a legal reform in Fiducia securities and Bankruptcy legislation that will protect the rights of both debtors and creditors.
In response to the suggestion, Yetty Septirawati, Head of the Department for Bank Licensing and Banking Information at Bank Indonesia (BI), confirmed that recently, the Government has issued the following regulations to improve Indonesia’s credit rating: BI Regulation on Credit Information Management Institution (15/1/PBI/2013) and the Ministry of Law and Human Rights Regulation on Electronic Registration of Fiducia Securities (Regulations No. 8, 9, 10 of 2013).
Speaking during the same event, Rizal Affandi Lukman, Deputy Minister for International Economic Cooperation at the Coordinating Ministry of Economic Affairs, asserted that BI Regulation No. 15/1/PBI/2013will ease credit institutions’ ability to provide loans.
In addition, he is confident that with the establishment of the new Credit Information Management Institution, lending institutions would not have to do a background check on each applicant. In the long run, Rizal concluded, the system will promote easier credit access for Small-Medium Enterprises.
(jt)