The Omnibus Law changes several criteria for the wage system previously regulated in Labor Law
The ratification of the Omnibus Law met resistance from a number of circles. Not only workers, but also academics and religious organizations.
The unabated covid-19 pandemic has prompted the government and several major world institutions to change their projections for Indonesia's economic growth this year.
Nine state-owned enterprises asked the government to pay off debts to them, so that financial conditions were stable amid the Covid-19 pandemic.
The Government and Bank Indonesia (BI) have agreed to run a burden-sharing scheme to restore Indonesia's economy, which was affected by the Covid-19 pandemic. The budget for achieving these goals is set at Rp 903,46 trillion.
Seven global companies are planning to relocate their factories to Indonesia. The total investment of the seven companies is estimated at US$ 850 million.
Indonesia's economic growth is expected to contract again in the third quarter of 2020 due to the lack of recovery in several sectors as the pandemic still affects people's purchasing power.