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Indonesian omnibus law tests sustainable trade proposition

Stephen Olson Hong Kong / Fri, October 16 2020 / 01:00 am Against the law: Members of a civil society organization join a large-scale protest against the Job Creation Law in Harmoni, Central Jakarta, on Oct. 8. The House of Representatives passed the law on Oct. 5 despite public resistance. (JP/Wendra Ajistyatama) Indonesia’s newly-passed omnibus Job Creation Law aims to bolster foreign investment by...

Guide to omnibus bill on job creation: 1,028 pages in 10 minutes

World of work: Hundreds of applicants head for a walk-in interview for a bank at the Smesco Building in Jakarta in November 2019. Much of the controversy around the omnibus bill focuses on fears of existing workers, while others hope the new law will create new jobs. (JP/Wendra Ajistyatama) Esther Samboh The Jakarta Post Jakarta / Mon, February 24, 2020 / 10:07 am Last week the government submitted the...

Indonesia issues new bond series, targets $337m in debt financing

An illustration of the Rp 100,000 banknote depicts the country's first president and vice president wearing face masks. The COVID-19 pandemic has wreaked havoc on the Indonesian economy, which is projected to experience its first annual GDP contraction since the 1998 Asian financial crisis. (JP/Mecca Yumna NP) Adrian Wail Akhlas The Jakarta Post Indonesia is looking to raise Rp 5 trillion (US$337...

Indonesia gives free Bali staycations to test tourism readiness

FILE PHOTO: Travellers are seen at the Eka Karya Bali Botanical Garden amid the coronavirus disease (COVID-19) outbreak in Tabanan, Bali Province, Indonesia August 23, 2020. Picture taken August 23, 2020. Antara Foto/Fikri Yusuf/via REUTERS JAKARTA (Reuters) - Indonesia is offering free tours and staycations to 4,440 residents of its resort island of Bali, in a seven-week tourism dry-run to promote the...

Denpasar-Gilimanuk Toll road will start construction in 2021

The Bali Times February 20, 2020 Bali Governor Wayan Koster, said that the construction of the Denpasar-Gilimanuk Toll Road will begin in early 2021. The completion target of the 30-40 kilometer toll road was set to be no later than 2023. The plan was presented by the governor at the launching the Bali BPD Quick Response Code Indonesia Standard (QRIS) for SME cash and non-cash payments in front of Bali...

Domestic market to be driver of recovery, Garuda chief says

A Garuda Indonesia airplane. (Shutterstock.com/e X p o s e) Mardika Parama The Jakarta Post Jakarta Fri, September 11, 2020   /   06:26 pm National flag carrier Garuda Indonesia expects the domestic market to drive its business this year, which is showing signs of recovery despite the heavy blow to the aviation sector by COVID-19, the company’s top executive has said. Garuda president director...

Garuda Indonesia resumes flights to China amid eased restrictions

NEWS DESK THE JAKARTA POST Jakarta  /  Wed, September 2, 2020  /  06:20 pm National flag carrier Garuda Indonesia has resumed flight services to China following months of travel restrictions due to the coronavirus pandemic. The company had grounded all commercial flights to China earlier this year. “The Chinese government has now implemented a policy that allows one airline to fly to one...

Govt to disburse cash transfers for workers to bolster spending

Adrian Wail Akhlas The Jakarta Post The pandemic has lowered the income of all kinds of businesses, from small to medium-sized to large, the President said. (Antara/Yusuf Nugroho) The government will start to disburse Rp 2.4 million (US$163) in cash aid for workers starting on Thursday as part of its latest measure to boost spending reeling from COVID-19, President Joko “Jokowi” Widodo has...

Foreign Land Ownership Laws – Are they about to Change – Announcement early September 2020

JAKARTA - Indonesia is set to relax property rules soon to make it easier for foreigners to own homes in the country, a Cabinet minister said on Thursday (July 23), in a major change that could spur the slumping economy. Agrarian and Spatial Planning Minister Sofyan Djalil told property tycoons in a webinar that the new property rules set to be ratified into law by the end of next month (August), will...

Reopening of Bali Could be Delayed Until End of 2020

The Coordinating Minister for Maritime Affairs and Investment, Pak Luhut Binsar Panjaitan, announced that Indonesian officials will not open the tourism sector to foreign tourists until the end of 2020. The Provincial Government of Bali was set to reopen the tourism sector for foreign tourists on September 11, 2020, followed by strict health protocols to reduce the potential for transmission of...

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