The new legislation aims to synchronise overlapping labour, tax and other key laws deemed unfavourable to businesses and investors. - Reuters
SINGAPORE (The Straits Times/ANN): The Indonesian government has laid down the ground rules for its new law on job creation, widely seen as an ambitious regulatory reform to lure foreign investments and stimulate the pandemic-hit economy.
President Joko Widodo signed 49 implementing rules last month to provide officials with specific details on how the law would be applied in practice and guide businesses on how they should operate.
He had signed two others late last year, soon after the law was passed on Oct 5 amid violent nationwide protests over workers rights and environmental concerns.
The Indonesian government has laid down the ground rules for its new law on job creation, widely seen as an ambitious regulatory reform to lure foreign investments and stimulate the pandemic-hit economy.
President Joko “Jokowi” Widodo signed 49 “implementing rules” last month to provide officials with specific details on how the law would be applied in practice and guide businesses on how they should operate.
He had signed two others late last year, soon after the law was passed on October 5 amid violent nationwide protests over workers’ rights and environmental concerns.
The regulations include those on foreign workers and local hires, the implementation of special economic zones and a new framework that governs which business sectors are open or restricted to foreign investors.
Cut consumer goods imports to maintain trade balance: INDEF to govt 8th March 2021
Documentation Research director of the Institute for Development of Economics and Finance (INDEF), Berly Martawardaya, giving a talk on BNPB Indonesia s Youtube channel, which was streamed by the Task Force for the Acceleration of COVID-19 Handling on June 9, 2020. (ANTARA / Dewanto Samodro) Jakarta (ANTARA) - The Institute for Development of Economics and Finance (INDEF) has advised the government to reduce imports of consumer goods, as they are not a primary need, in order to maintain the trade balance. Imports of consumer goods should be hated, such as watches, shoes, or electronics. But, raw materials or capital materials do not be hated, INDEF research director Berly Martawardaya said during a press conference in Jakarta on Monday.
Work being carried out at a Softex factory in Sidoarjo, East Java, in January 2020. Softex Indonesia is one of the country s biggest producers of pads and diapers.- Antara
JAKARTA (The Jakarta Post/ANN): Indonesia’s manufacturing growth slowed down in February after hitting a six-year high the previous month as flooding and the Covid-19 pandemic disrupted the sector.
The country’s Purchasing Managers’ Index (PMI) dropped to 50.9 in February from 52.2 in the previous month, business information provider IHS Markit reported on Monday (March 1).
The index, a gauge of the sector based on a monthly survey of roughly 400 manufacturers, still stood above the 50-point threshold and thus signalled a sustained expansionary trend that began in November.
Indonesia temporarily cuts taxes on new cars and homes thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.