Indonesia's Ease of Doing Business Ranking Improves by 15 Places, but Still Lags Behind ASEAN Peers

The World Bank ranks Indonesia 91st in ease of doing business with a score of 61.52. According to the 2017 Doing Business annual report released by the World Bank in Washington, D.C., United States on Tuesday (October 25th), Indonesia climbed 15 places compared to the previous year, where it was ranked 106th. Indonesia's ease of doing business ranking in the 2016 report was 109th; however, due to a change in methodology, that year's ranking was adjusted to 106th.

Despite this improvement, Indonesia still lags behind five other Southeast Asian countries: Singapore, Malaysia, Thailand, Brunei Darussalam, and Vietnam. In the previous report, Singapore was ranked best in the world, but now the Lion City is in second place with a score of 85.05. Meanwhile, Malaysia and Thailand are ranked 23rd and 46th globally, respectively.

According to Rodrigo Chaves, World Bank Country Director for Indonesia, seven reform measures implemented by the Indonesian government successfully boosted the ease of doing business in the country. Chaves stated that these seven reforms include ease of starting a business, obtaining electricity connections, accessing credit, paying taxes, cross-border trade, and contract enforcement.