Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

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Adi Ahdiat 27/03/2023 17:00 WIB

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Indonesia's ease of doing business index is better than that of the Philippines, Cambodia, Laos, Myanmar, and Timor-Leste, but still lags behind Vietnam, Brunei Darussalam, Thailand, Malaysia, and Sin

ASEAN Countries' Ease of Doing Business Index (2020)

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Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

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ASEAN Countries' Ease of Doing Business Index (2020)

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While not the best, Indonesia's ease of doing business index is relatively good on the ASEAN scale.

The ease of doing business index is compiled by the World Bank using dozens of indicators.

One of these is the ease of starting a business indicator, measured by the procedures for business license processing, the time taken, the cost, and the minimum capital required to establish a legal business in each country.

There are also indicators related to ease of construction permits, access to electricity, property legal processing, credit facilities, taxation, import-export procedures, and legal protection for minority shareholders.

The World Bank then assigns a score ranging from 0 to 100. A score of "0" means the country has very poor policies for businesses, while "100" means very good.

In 2020, Indonesia achieved an ease of doing business index score of 69.6, better than the Philippines, Cambodia, Laos, Myanmar, and Timor Leste.

However, Indonesia still lags behind Vietnam, Brunei Darussalam, Thailand, Malaysia, and Singapore, as shown in the graph.

Since September 2021, the World Bank has stopped producing the ease of doing business index report, and there has been no data update since then.

"Following internally reported data irregularities in June 2020, World Bank management temporarily discontinued the ease of doing business index report and initiated a review and audit of the report and its methodology," said the World Bank in a press release (September 16, 2021).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

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Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

Indonesia's Ease of Doing Business Index is Relatively Good in ASEAN

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