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President Joko “Jokowi” Widodo presented a new year gift in the form of a government regulation in lieu of law (Perppu) on job creation. Signed on Dec. 30, 2022, Perppu No. 2/2022 replaced the Job Creation Law that in late 2021 was declared conditionally unconstitutional by the Constitutional Court (MK) and therefore had to be revised within two years in a process that must include meaningful public participation.
The President issued the emergency regulation on Dec. 30 to replace the 2020 Jobs Creation law, arguing global economic uncertainty and potential for global economic crisis this year meant authorities have to move fast to attract investors.
Two opposition parties in the House of Representatives – the Democratic Party and the Prosperous Justice Party (PKS) – have criticized the controversial issuance of a government regulation in lieu of law (Perppu) on job creation and the government’s reasoning behind the decision.
The controversial issuance of a government regulation in lieu of law (Perppu) on job creation could have a positive impact on economic activities this year, economists say, as it may act as a catalyst to improve the Indonesian business climate, which will eventually lead to healthier investment growth.
