Macro
Macro

Purchasing Power, MSMEs Keys to Speed Up Post-COVID Economic Recovery

The McKinsey survey shows that the majority of business players believe that Indonesia's economy will recover in the first quarter of 2022. The government's efforts to maintain public consumption and sustainability of MSMEs are considered appropriate.

Wages System in Omnibus Law

The Omnibus Law changes several criteria for the wage system previously regulated in Labor Law

IMF’s Economic Outlook vs. Effects of Job Creation Law

IMF projects that Indonesia's economy will contract by 1.5 percent by the end of 2020. The good relationship between Indonesia and China in the COVID-19 vaccine procurement can become the catalyst for the 6.1 percent economic growth in 2021.

Indonesia-Singapore Business-Related Green Lane

The governments of Indonesia and Singapore have agreed to implement a reciprocal green lane (RGL) starting on October 26, 2020, to smoothen official and business travels between the two countries.