Inflation Control and Financial Facilities Strategy
The Job Creation Omnibus Law Encourages Employment and
Facilitates New Business Opening While Recovering the Post-
Pandemic Economy
Toko Kuc
OTO
FACT
DATA
&
Labour Market
6,9
MILLION
3.5
WORKERS
ARE
MILLION
Unemployed ERMINATED
MILLIO
N
NEW WORK
FORCE
PIK
MORE THAN 13 MILLION PEOPLE NEED JOBS, AND CONTINUES
TO GROW IT EVERY YEAR
MSME
JOB CREATION LAW
SUBSTAN
CE
1. IMPROVING INVESTMENT ECOSYSTEM
2. BUSINESS LICENSING
7. LAND PROCUREMENT
8. ECONOMIC ZONE
3. LABOR
BIG
5.550 unit
MIDDLE
60.702 Unit
SMALL
783.132 Unit
MICRO
63.5 Juta Unit
REGULATION
Among the 64.19
million MSES, 64.13
million are Micro &
Small Businesses,
most of which are in
the informal sector, so
it needs to be
encouraged to
transform into formal
ones.
Complicated licensing
issues with abundant
central & local regulations
(hyper-regulations) that
regulate the sector,
causing disharmony,
overlapping, non-
operational and sectoral.
4. SUPPORTING MSMES 5. EASE OF DOING BUSINESS
6. RESEARCH & INNOVATION
10. GOVERNMENT ADMINISTRATION
11. IMPOSITION OF SANCTIONS
9. CENTRAL GOVERNMENT INVESTMENT &
SPEEDING OF STRATEGIC NATIONAL PROJECT
BENEFITS
1
Encouraging Job Creation
2
Facilitate New Business Opening
Source: Coordinating Ministry for Economic Affairs
3 Supporting Corruption Eradication
42
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