Indonesia’s Job Creation Law supports economic recovery in Indonesia: World Bank

Indonesia's Job Creation Law supports economic recovery in Indonesia: World Bank

Jakarta, (UNA-OIC) – The Omnibus Law on Job Creation, approved by the Indonesian House of Representatives, can potentially support the country in its economic recovery from the COVID-19 pandemic impacts.

“This law can support resilient economic recovery and long-term growth in Indonesia,” according to an official statement from the World Bank, carried on Antaranews on Friday.

Economic recovery can be achieved through the Job Creation Law since the regulation eliminates significant investment restrictions, thereby indicating Indonesia’s openness for business.

Source link