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President Joko Widodo: Job creation law impacts Indonesia’s investment climate

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EDITORNEWS – President Joko Widodo has declared that 2020 is a crucial year for the world.

All countries have unexpected challenges that must be faced, the President also strives to create breakthroughs and innovations never thought of before.

The opportunities and opportunities in the midst of this pandemic are still wide open, which has led Indonesia to make this condition an extraordinary impetus for structural reform.Also read: Covid vaccine is guaranteed safety, but does not immediately guarantee if

“We are correcting existing regulations and bureaucracy so that we can get through these difficult times quickly so that we are ready to open the door as wide as possible to businesses and investors in new ways,” he said when he was one of the speakers at the APEC 2020 CEO Dialogues virtually, as quoted in Editornews from the Presidential Secretariat’s YouTube channel on Thursday, November 19, 2020.

Some time ago, Indonesia passed the Cipta Kerja Omnibus Law simplifying the massive regulation of 79 laws into one law.



Also Read: Ciptaker Law Will Be A Real Solution To Reduce Unemployment, KSP Says

It aims to create a quality business and investment climate for business actors, including MSMEs.

Overlapping regulations and complicated procedures have been eliminated by law. In addition, the heavy licensing bureaucracy was also reduced and the illegal levies that had hampered business and investment were removed while maintaining a commitment to environmental protection.

The Cipta Kerja Omnibus Law will have a significant impact on improving the business climate and investment in Indonesia. First, the process of licensing businesses and investments has become simpler and faster, the president said.



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