By Arianto Patunru and Andree Surianta

East Asia Forum-May 26

Indonesian President Joko ‘Jokowi’ Widodo submitted a draft bill of the Omnibus Law on Job Creation to parliament this February in an attempt to improve the country’s investment climate. But the bill is unlikely to address the problems that have caused Indonesia to miss out on global investment opportunities such as those created by the shift of production and procurement away from China. COVID-19 may exacerbate these trends, so it is important that the Omnibus bill is the first step toward a more dramatic overhaul of Indonesia’s investment framework.

Read more at: https://www.eastasiaforum.org/2020/05/25/covid-19-unmasks-indonesias-investment-conditions/