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View all search resultsThe 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.
The issuance of a government regulation in lieu of law (Perppu) on job creation will convey positive impacts on economic activities this year, experts say, as it can act as a catalyst to improve Indonesian business climate which eventually leads to a healthier investment growth.
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