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View all search resultsA proposal to tweak the current format of the simultaneous presidential and legislative elections has taken center stage in a series of meetings at the House of Representatives over the past two weeks, with elections and democracy experts advocating for separate elections.
The regulation focuses on equipping authorities in the financial sector with sufficient access to regulate and supervise crypto-asset activities to ensure that these do not have a negative impact or affect the integrity and stability of the financial system.
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.
The House of Representatives concluded a plenary meeting on Sept. 20 establishing the omnibus bill on financial sector reform as a parliament-proposed bill. The bill introduces considerable changes from the initial draft proposed by the government in collaboration with the parliament in 2020, some of which are highly contentious.
The State Palace has downplayed typos and errors discovered in the Job Creation Law that was recently signed by President Joko “Jokowi” Widodo, calling them unsubstantial technical errors amid mounting protests highlighting the flawed legislation process for the controversial law.
Protests against the Job Creation Law have entered their fifth week in Jakarta as workers stage yet another rally near the Presidential Palace in Central Jakarta to voice their opposition to the controversial law and the government’s decision not to increase the minimum wage.
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