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View all search resultsIn a ranking of 82 countries, Indonesia has dropped to 58th spot as a place to conduct business, scoring poorly in the assessments of political effectiveness and infrastructure, which suggests that structural reforms pushed by the government have had little effect so far in improving the business environment.
Frustration is mounting as a growing number of interest groups reject the passage of a controversial regulation in lieu of law (Perppu) on job creation, arguing that the process has been “constitutionally defective” and “undemocratic” from the outset.
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.
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