Nusa Dua (Antara Bali) - Indonesia's ease of doing business index in 2011 fell to 129 from 126 the year before, Coordinating Minister for Economic Affairs Hatta Rajasa said.
"Based on a World Bank report our ease of doing business index fell in 2011 compared with 2010 when it reached 126," he said after opening an investment climate symposium here on Monday.
He said the decline in the index was closely related to the lengthy process of licensing investment and bureaucratic constraints.
"We hope the process of licensing investment in the country could be shortened and made more transparent to raise the index," he said.
Ease of doing business index ranks economies from 1 to 183, with first place being the best. A high ranking means that the regulatory environment is conducive to business operation.
The index ranks the simple average of the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.(**)
