The corporate performance remains under pressure due to the COVID-19 pandemic.
About 27 provinces are ready to comply with the Manpower Ministerial Circular on minimum wages in 2021. Good news for employers, but not for workers. People’s purchasing power may get even worse.
As of Thursday (10/29), Indonesia’s COVID-19 tally in the last 24 hours went up by 3,565 to 404,048 cases.
Several prominent supporters of President Joko Widodo become SOE commissioners. One may say that it is part of the president’s reciprocation.
Eni plans to sell its US$1 billion assets in Australia. Medco Energi Internasional has reportedly submitted a bid.
Demonstrations against the Job Creation Law on Wednesday (10/28) went smoothly despite involving thousands of masses.
The government will open data on the Job Creation Law and its derivative regulations. The derivative regulations of the law increased to 42 from the initial plan of 35 regulations and will be issued in 2021.
Financial conglomerates with assets of at least Rp 100 trillion are closely monitored because their large scale of a business can create systemic risk in Indonesia's financial system.
The Corruption Eradication Commission (KPK) can now take over corruption investigations from the police and the Attorney General’s Office (AGO) and resolve stalled corruption cases.
To avoid reducing production, the Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) plans to export crude oil produced by the Banyu Urip Field, Cepu Block.