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Berita Hari Ini Omnibus Job Creation Law
On 31 October 2021, Indonesian President Joko Widodo was handed a hammer by Italian Prime Minister Mario Draghi. And it was a hammer and transaction with great symbolic value because it symbolized the transfer of the Group of Twenty (or G20) presidency from Italy to Indonesia.
On Monday (06.12.2021) Indonesia Investments released the November 2021 edition of its monthly report. This report discusses a range of subjects - related to political developments, the economy and social matters - that were important and influential issues in Indonesia in the month of November 2021.
On Monday 19 October 2020 Indonesia Investments released a new report, titled 'Introduction Omnibus Job Creation Law'. This report discusses the contents and consequences of the recently approved Omnibus Law as well as its controversial aspects (especially for workers and the environment).
Artikel Terbaru Omnibus Job Creation Law
In felt like a real déjà vu. Shortly before writing this introduction, the World Health Organization (WHO) said it added a new variant of concern to its list of COVID-19 mutations. This new variant, which is called Omicron (B.1.1.529), is believed to stem from South Africa or Botswana, and might be more contagious than the Delta variant that has been dominant over the past 12 months or so.
At the start of February 2021, Indonesian President Joko Widodo signed Presidential Regulation No. 10 of 2021 on Investment Business Activities. This regulation forms a derivative regulation of the Omnibus Law on Job Creation (Law No. 11 of 2020 on Job Creation), a landmark law that was passed by the House of Representatives (or DPR) on 5 October 2020.
The past year has been hectic. The global COVID-19 pandemic arrived, a worldwide recession followed; US-China turmoil continued, while geopolitical and geo-economic tensions are rising across the world. And all these matters seem interrelated. So, how is Indonesia doing amid these developments? And, how do they exactly impact on Indonesia's economy and society? It is time to sit down with Indonesia Investments' Managing Director Richard van der Schaar to hear his thoughts on these matters.
