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.

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.

Fate of Regional Tax at the Hand of Central Government

Job Creation Law slashed regional government authority to collect tax and fees. The central government’s intervention on fee and regional tax is like a breath of fresh air for employers.

Job Creation Law Disregarding Environmental Impact?

Job Creation Law is considered as not protecting the environment. Under the law, the public has no right to protest against the environmental impact analysis (Amdal) of a project.