Bank Indonesia Policy Mix

The Job Creation Law Encourages Employment and Facilitates New Business Opening While Recovering the Post-Pandemic Economy The Job Creation Law is an effort to reform regulations that can make it easier to do business to increase investment and productivity, as well as an effort to get Indonesia out of the middle-income trap Hi Through the Omnibus Law method, 79 laws were revised and simplified The Job Creation Act (Act Number 11 of 2020 on Job Creation) 186 Articles dan 15 Chapters 51 Implementing Regulations Clasters in the Job Creation Law 1. Improving the Investment Ecosystem and Business Activities 2. Employment 3. Ease, Protection, and Empowerment of Cooperatives and SMEs 4. Ease of Business 5. Research and Innovation Support 6. Land Procurement 7. Economic Zone 8. Central Government Investment and Acceleration of National Strategic Projects 9. Implementation of Government Administration 10. Imposition of Sanctions Improving the Investment Ecosystem and Business Activities Implementing risk- based Business Licensing Simplifying sectoral business licensing simplifying primary requirements for business licensing Simplifying investment requirements Source: Coordinating Ministry for Economic Affairs 29 29

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