Jakarta, Aug. 27 -- The Ministry of Cooperatives and the Ministry of Investment and Downstream Development (BKPM) have agreed to relax licensing regulations for Red and White Cooperatives in obtaining a Business Identification Number (NIB).

The cooperatives will also get easier access to the Indonesian Standard Classification of Business Fields (KBLI) so they can market state-owned enterprise products.

Deputy Minister of Cooperatives, Ferry Juliantono, in a statement in Jakarta on Wednesday, stated that 80,605 village cooperatives already have legal entities and Cooperative Identification Numbers (NIK).

Although data on administrators, supervisors, and types of businesses are already recorded, these cooperatives still require NIBs to m...