Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto delivers his remarks on the new job and investment law, during the parliamentary plenary meeting, in Jakarta, Indonesia, March 21, 2023. (Photo: REUTERS) Jakarta (VNA) - Indonesia's parliament on March 21 passed into law an emergency decree of President Joko Widodo in order to reinforce regulations on investment and jobs in the Southeast Asia’s largest economy.
The new law replaces the 2020 law which was praised by foreign investors for streamlining business rules, but also criticised by labour and green groups as being too pro-business.
In 2021, the Constitutional Court ruled the passage of that law was flawed due to inadequate public consultation and ordered a renewed debate process in parliament within two years.
The passage of the decree on March 21 meant most of the changes brought about by the law would stay, with some small changes on labour rules./.
VNA
