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Indonesia daily economic update (English)

This issue of Indonesia daily economic update for March 28, 2018 contains economic highlights including: (i) the processing time for permits used to import materials for exported goods had been cut to just one hour from the previous thirty days, while the issuance of identification numbers for importers can be done in three days from the previous ten days; (ii) Djoko Siswanto is appointed as the new oil and gas director general of Energy and Mineral Resources Ministry; (iii) the government has shortened the processing time for tax refunds to just one month from the previous up to two years, but only for traders who are highly compliant to excise and customs regulations; (iv) Financial Services Authority of Indonesia (OJK) ordered Indonesia’s biggest lenders to set aside additional capital to bolster their ability to absorb losses and protect against any bank failures; and (v) President Jokowi instructed district heads to form task force on ease of doing business to support the implementation of integrated licensing system in the region.

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Indonesia daily economic update (English). Indonesia daily economic update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/601541527163328990/Indonesia-daily-economic-update