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Investor Presentaiton

Perppu No. 2 of 2022 Concerning Job Creation Law Is An Improvement of The Previous Regulation Constitutional Court The Constitutional Court (MK) stated that the Job Creation law was conditionally unconstitutional. ☐ The Job Creation law is still valid and asked the government to complete the revision within two years. Follow-up 1. Setting the omnibus method in the Law on the Formation of Legislation (Law Number 13 of 2022) 2. Improvements to the Job Creation Law: • Use of the omnibus method Meaningful increase in . . participation Substantial study results: employment, land, environment and base Emergency Regulation It is urgently needed to anticipate global and domestic conditions. PERPPU NO. 2 OF 2022 (30 December 2022) The contents of the Job Creation Perppu are generally the same as the contents of the Job Creation Law, however there are some major improvement to the content Several Major Improvement are Related To Employment Regulation, Halal Certification, and Water Resource Management Employment Regulation Halal Product Assurance (Halal Management of Water Resources Implementation of water sources in Certification) 1. Refinement of the setting of 1. Development of the BPJPH 1. Regency/City Minimum Wage. organization in the regions as the form of diversion of river channels 2. Changes to the formula for needed. based on approval by the calculating the Minimum Wage 2. which takes into account certain variables of Economic Growth, Inflation and Indices The Halal Certificate is valid since issuance and remains valid as long as there is no change in the composition of the ingredients and/or PPH. Government 2. Criminal sanctions for intentionally violating water source activities include diverting the river channel without approval. 3. Halal certification for MSEs through a halal statement is free of charge. 3. Imposition of administrative sanctions in the form of administrative fines.
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