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Widodo wants no more 'embarrassing' bureaucracy

President Joko Widodo wants no more 'embarrasing' lengthy bureaucratic processes for investments in Indonesia, citing increasing competition with neighboring countries.

JAKARTA -- President Joko Widodo said there is no excuse for Indonesia to lag behind its neighbors in facilitating investments in the country, as its Investment Coordinating Board -- known as the BKPM -- introduced two new measures it has hailed as bureaucratic shortcuts.

     With the Association of Southeast Asian Nations Economic Community having come into force and the Indonesian government mulling whether to join free-trade agreements such as the Trans-Pacific Partnership, Widodo said the country has no other option but to open up the country to investors -- to unlock more jobs and improve welfare.

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