Indonesia to emulate SSM's companies' registration system

HL: Indonesia to emulate SSM’s companies’ registration system

By Siti A’isyah By: Bernama

PUTRAJAYA: Indonesia has expressed interest in learning companies’ registration system used by the Companies Commission of Malaysia (SSM).

This was to ease the registration process of companies in the country.

Indonesia’s Law and Human Rights Minister Dr Yasonna H Laoly said this during his meeting with Domestic Trade and Consumer Affairs Minister Datuk Saifuddin Nasution Ismail today.

Yasonna said as the ministry which administers companies’ registrations in Indonesia, they had to undertake many initiatives to smoothen registration processes.

Under the leadership of President Joko Widodo, he said, various measures were being undertaken to improve efficiency and ease the registration processes in the country.

“Therefore, in the working visit to Malaysia, we are able to learn the system implemented and practised in Malaysia, apart from sharing information and experience in the matter,” he said.

Yosanna said that based on the World Bank’s 2018 Doing Business Report, Malaysia stands at the 24th position while Indonesia at 71st position.

“We hope by emulating Malaysia’s system we can climb to the 41st position,” he said after a press conference earlier.

Yosanna also said he would be meeting Prime Minister Tun Dr Mahathir Mohamad. Meanwhile, Saifuddin said the meeting with Yosanna today would enable Malaysia to learn from Indonesia especially the Online Single Submission (OSS) system implemented by the country recently.

“We can learn from Indonesia’s experience in handling a big number of companies as the population is far more than Malaysia’s,” he said.

He added that based on SSM’s data, there were about 1.2 million registered companies and businesses in Malaysia. © New Straits Times Press (M) Bhd