Fitri Novia Heriani, Andin Aditya Rahman
In order to promote and strengthen the competitiveness of Indonesian businesses, the Indonesian Chamber of Commerce and Industry (KADIN) gave four recommendations for national business policy.
These recommendations were announced by Haryadi B. Sukamdi, KADIN’s Vice Chairman of Monetary Fiscal and Public Policy.
“We expect that these recommendations will improve the competitiveness of Indonesian businesses on the national and international scale,” Haryadi said during a press conference in Jakarta, Wednesday (17/4).
The first recommendation was on fiscal and monetary policies, where KADIN suggested that the Government should reduce energy subsidies by IDR 150 trillion and allocate the funds to regional development.
KADIN also requested the Government and Bank Indonesia to control the currently high bank loan interest rates, which, according to Haryadi, are straining the national business development.
Secondly, KADIN asked the Government to reform bureaucracy by strengthening and improving the licensing process for businesses, thus preventing corruption and optimizing local trade.
The third recommendation was on the reorganization of the Directorate General of Taxation (Directorate). According to Haryadi, the Directorate’s authority on taxation is too broad .
Haryadi also explained that the National Single Window system for customs and excise fails to compete with neighboring countries, as the logistical costs in Indonesia are relatively high.
KADIN suggested periodic meetings between KADIN and the Directorate General of Customs and Excise to integrate governmental policies with perceptions of businesses on customs and excise.
During the same event, Bobby Hamzar, Deputy of Fiscal and Monetary Coordination Division in the Coordinating Ministry for Economic Affairs, explained that the Government has prepared policies to strengthen the national economy.
The Deputy asserted that these policies will encourage investment and export, improve effectiveness of governmental expenditures, and stabilize the national economy.
If these plans and policies are implemented well, the Deputy expects that Indonesia’s economic growth could reach 7% in 2014.
(hot/jt)
Fitri Novia Heriani, Andin Aditya Rahman
In order to promote and strengthen the competitiveness of Indonesian businesses, the Indonesian Chamber of Commerce and Industry (KADIN) gave four recommendations for national business policy.
These recommendations were announced by Haryadi B. Sukamdi, KADIN’s Vice Chairman of Monetary Fiscal and Public Policy.
“We expect that these recommendations will improve the competitiveness of Indonesian businesses on the national and international scale,” Haryadi said during a press conference in Jakarta, Wednesday (17/4).
The first recommendation was on fiscal and monetary policies, where KADIN suggested that the Government should reduce energy subsidies by IDR 150 trillion and allocate the funds to regional development.
KADIN also requested the Government and Bank Indonesia to control the currently high bank loan interest rates, which, according to Haryadi, are straining the national business development.
Secondly, KADIN asked the Government to reform bureaucracy by strengthening and improving the licensing process for businesses, thus preventing corruption and optimizing local trade.
The third recommendation was on the reorganization of the Directorate General of Taxation (Directorate). According to Haryadi, the Directorate’s authority on taxation is too broad .
Haryadi also explained that the National Single Window system for customs and excise fails to compete with neighboring countries, as the logistical costs in Indonesia are relatively high.
KADIN suggested periodic meetings between KADIN and the Directorate General of Customs and Excise to integrate governmental policies with perceptions of businesses on customs and excise.
During the same event, Bobby Hamzar, Deputy of Fiscal and Monetary Coordination Division in the Coordinating Ministry for Economic Affairs, explained that the Government has prepared policies to strengthen the national economy.
The Deputy asserted that these policies will encourage investment and export, improve effectiveness of governmental expenditures, and stabilize the national economy.
If these plans and policies are implemented well, the Deputy expects that Indonesia’s economic growth could reach 7% in 2014.
(hot/jt)