This Week's Headlines (31 Dec 2022 - 6 Jan 2023)
06 Jan 2023
Indonesia issues emergency regulation to replace jobs law
Indonesia's President Joko Widodo signed an emergency regulation on Friday to replace a
Some legal experts criticised the regulation as a government ploy to bypass proper debate in
The Constitutional Court last year ruled the passage of the president's vaunted Jobs Creation
"We know it looks like we're normal now, but global uncertainty, risk is haunting us ... Actually
He also argued Indonesia's economy would rely on investment and exports in 2023 and that
Passed in 2020, the so-called "omnibus" law revised more than 70 other laws and was lauded
But it also sparked nationwide protests from workers, students and green groups, who said it
Jokowi's chief economic minister Airlangga Hartarto said the main considerations in issuing the
Chief security minister Mahfud MD said "strategic measures" were needed in this case as the
Lawmakers had earlier this year told Reuters they planned to redo the deliberation of the
'FAIT ACCOMPLI' Bivitri Susanti, a constitutional law expert from the Indonesia Jentera School of Law, called the
"Everyone can see there is no emergency. It's holiday time," she said.
"This emergency regulation is really a fait accompli from the president."
An emergency regulation is usually effective immediately, but must receive parliament's
Parliament is due to return from recess on Jan. 10 for what is typically a four-month session.
Among the biggest issues with the law were relaxed rules on severance pay, changes to the
The emergency regulation introduces some changes to that law to reflect trade unions'
The contents of the decree have yet to be made public.
Airlangga stressed the government had conducted more public consultations since the court
Chairman of the Labour Party, Said Iqbal, said he backed the emergency regulation because
He declined to comment on the content of the regulation but concurred that workers had been
The party, formed in 2021 by members of several unions, had previously pledged to revoke the
Source: Reuters |
Indonesia's 2022 Budget Deficit at 2.38 Percent of GDP
Indonesia’s state budget deficit in 2022 reached just 2.85 percent of the gross domestic
"The 2022 state budget deficit was recorded at 464.3 trillion rupiahs ($29.7 billion), down 40.1
Temporary state revenue realization reached 2,626.4 trillion rupiahs, or 115.9 percent of the
State revenue was supported by tax revenue, which reached 2,034.5 trillion rupiahs, or 114.0
Moreover, non-tax state revenue (PNBP) reached 588.3 trillion rupiahs, or 122.2 percent of the
"The performance of state revenues, whether it is taxes, customs, and non-tax revenues, has
She said that state revenues, which were boosted by rising commodity prices that included
State spending in 2022 was recorded at 3,090.8 trillion rupiahs, or 99.5 percent of the 3,106.4
The spending consisted of ministry and institution spending of 1,079.3 trillion rupiahs, or 114.1
The quantum of energy subsidies and compensation provided in 2022 reached 551.2 trillion
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Businessmen optimistic over condition in next six months: Ministry
Most businessmen harbor an optimistic view over business conditions in the next six months
This is reflected in one of the indicators of the Industry Trust Index (IKI) on view of business
"Majority, or 60.5 percent of the businessmen declared their optimism toward industrial
During the 2022 December IKI press conference, he outlined that most respondents harbored
The ministry stated that the IKI figure in December 2022 reached 50.90, which indicates that "This figure rose by 0.01 when compared to the one in November 2022, with 50.89," he stated.
Source: Antara
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