After two days of demonstrations by tens of thousands of Indonesian workers, the Governor of Jakarta (Joko Widodo) raised the capital's minimum wage to IDR 2.4 million (USD $213) per month. The new minimum wage, proposed by the Jakarta Wage Council, will be implemented in 2014 and constitutes a 10% increase from the current minimum wage of IDR 2.2 million. The workers, however, had demanded for a minimum wage of IDR 3.7 million causing various institutions and analysts to express concerns about the impact on the investment climate.
14 December 2019 (closed)
USD/IDR (13,982) -60.00 -0.43%
EUR/IDR (15,630) -13.72 -0.09%
Jakarta Composite Index (6,197.32) +57.92 +0.94%