Apindo said regarding the growing number of applications for business registration numbers (NIB)

Reporter: Yusuf Imam Santoso | Editor: I knew Laoli

KONTAN.CO.ID – JAKARTA. The Investment Coordinating Board (BKPM) noted that during January-October 2020 the number of applicants for business registration number (NIB) was 1 million.

Data Online Single Submission (OSS), a portal owned by BKPM shows, in October 2020 there were 377,540 applications for NIB. This figure rose sharply by 91.3% compared to the previous month where 197,322 applications were recorded.

Chairman of the Indonesian Employers’ Association (Apindo), Hariyadi Sukamdani, assessed that the increase in the number of new entrepreneur candidates will run parallel when there is a reform on the ease of doing business through government policies.

Also Read: Until October 2020, applications for Business Identification Number (NIB) have reached 1 million

According to him, now is the right time to register a business, so it is just an acceleration when the economy begins to show recovery. This is because at least there is regulatory certainty in the Job Creation Act, and it is just a matter of waiting for the derivative regulations to be issued at the latest early next year.

“So as soon as possible a derivative regulation is issued on the Job Creation Law, investment will definitely increase if there is a regulation, so that it is more conducive to attracting interest,” Haryadi told Kontan.co.id, Tuesday (11/10).

Hariyadi added, currently for businesses that are already running their businesses, the Job Creation Law does not necessarily create interest in expansion. This is because, despite reforms, people’s purchasing power has not fully recovered.