On Thursday (15/10), Indonesian Chief Economics Minister Darmin Nasution unveiled the fourth economic stimulus package with a main focus on boosting labor and employment in Indonesia. A key policy in the new package is the fixed formula that will be applied by the government to determine increases in labor wages across the 34 provinces of the Archipelago. The government said it will allow a wage increase, every year, based on the provincial inflation rate and economic growth pace.

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In previous weeks we discussed the new Ministry of Manpower regulation number 78 of 2015 concerning Wage (New Regulation). We explained the regulations set by the New Regulation related to the wage structure, non-wage and calculation of wage of employees in Indonesia. We also discussed the regulations regarding the payment of wage during absence of employees in Indonesia. In the column of this week we discuss the regulations set by the New Regulation regarding minimum wages and the imposition of fines by the employer to the employee.

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On October 23, 2015, the Ministry of Manpower issued regulation number 78 of 2015 concerning Wage (New Regulation). The New Regulation is replacing the old regulation number 8 of 1981 concerning the Protection of Wage (Old Regulation). The New Regulation is a far more detailed implementation of regulations concerning wage/salary for employees in Indonesia compared to the Old Regulation and covers more subjects.  In this first out of a three series column, we discuss the salary structure, non-wage and calculation of wage.

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Jumlah orang miskin di Indonesia meningkat. Menurut data terakhir dari Badan Pusat Statistik (BPS), yang diterbitkan hari ini (15/09), ada 28,59 juta orang miskin di Indonesia pada bulan Maret 2015, setara dengan 11,22% dari total penduduk Indonesia. Pada September 2014 persentase penduduk miskin di Indonesia mencapai 10,96% dari penduduk Indonesia, atau 27,73 juta orang. Maka dalam jangka waktu 5 bulan, jumlah penduduk miskin Indonesia naik sebesar 860.000 orang. BPS menerbitkan data dari persentase kemiskinan negara ini dua kali setiap tahunnya yaitu pada bulan Maret dan bulan September.

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In mid-September 2013, South Korean tire producer Hankook Tire, conducted the inauguration of its tire plant in Indonesia. The factory is located in Cikarang (West Java) and is the company's seventh production center in the world: two plants in Korea, three in China and one in Hungary. Annual production capacity of the two factories in Korea reached 46.1 million tires in 2013. Meanwhile, the three factories in China have an annual capacity of 30.8 million units each. In Hungary, annual capacity stands at 12.6 million tire units.

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