The revision of health-related laws is a cornerstone of the government's strategy to develop advanced health services in this most populous country in Southeast Asia.
Substantial changes are tracked in Labor Law, Mineral and Coal Mining Law, and Water Resources Law. The government wants fast-track regulatory approval, but it likely won't be as fast as hoped.
The coal business has been booming over the past year as the black gold price soared 137 percent to its all-time high of US$457 per ton in September. The value of Indonesia's coal exports almost doubled.
Top Indonesian officials have released more confident statements about plans for subsidies as more countries use these incentives to increase EV adoption. However, the plan has faced criticism and accusations of official' business interests.
After the government agreed with labor unions and revised the labor provisions, the largest group opposing the Job Creation Law has practically been "secured."
The global economy seems to slide from one crisis to another. Recovering from the COVID-19 scare, economies around the world are now facing possible recession next year.
The House of Representatives and the government passed the Financial Sector Development and Strengthening Bill into law. All factions approved the law in a plenary meeting on Thursday, Dec 15.
The energy transition issue is a global trend that affects the oil and gas industry. In energy transitions, the use of fossil energy is gradually abandoned and switched to a cleaner new renewable energy (NRE).
The government has set regional minimum wages in 2023 through the Manpower Ministerial Regulation No. 18/2022 on 2023 minimum wages, allowing local administrations to increase the minimum wage limit by up to ten percent.