Joko urges 'massive' cut in red tape to revive growth
Jakarta
INDONESIAN President Joko Widodo on Wednesday urged ministers in his newly reshuffled cabinet to spend their budgets and called for a "massive" cut in red tape to revive slowing growth in South-east Asia's largest economy.
Many economists say growth this year will miss a government target of 5to 5.2 per cent, as several of the president's ambitious plans to improve infrastructure have been entangled in red tape. "The president considers it important that the government implement massive deregulation to ease licensing for businesses, investment and procurement of goods a…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich
Even without war in the Gulf, pricier petrol is here to stay
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%