Jakarta, Oct. 14 -- The Ministry of Finance is preparing several strategic measures, including streamlining regulations, simplifying business permit procedures, and easing rules that hinder business growth, to create a more conducive and competitive business ecosystem.

The ministry's Director General for Economic and Fiscal Strategy, Febrio Kacaribu, said in a press conference on Tuesday that the government is currently preparing a Presidential Regulation on the Priority Program Acceleration Team.

The team will be led by Coordinating Minister for Economic Affairs Airlangga Hartarto and Finance Minister Purbaya Yudhi Sadewa, he confirmed. It will also involve the Ministry of Investment and Downstreaming.

The formation of the team aims t...