"The Job Creation Law is a law for all Indonesians as well as for the future of an advanced Indonesia," Rachman noted in a press release here on Tuesday.
President Joko Widodo officially signed the Bill on Job Creation on November 2, 2020, into Law Number 11 of 2020 concerning Job Creation.
The law is promulgated in the State Gazette of the Republic of Indonesia of 2020 Number 245.
"Alhamdulillah, thank you profusely to all Indonesian people and thank Allah SWT," he noted.
The country's first omnibus law comprises 1,187 pages and 15 chapters, including on improvement of investment ecosystem and business activities; employment; protection and empowerment of cooperatives and UMKM; ease of doing business; national fiscal policy; research and innovation support.
On October 5, 2020, the House of Representatives (DPR) had endorsed the Bill on Job Creation foll0wing deliberation since April 2, 2020.
Six political parties — PDIP, Golkar, PKB, NasDem, PPP, and Gerindra — firmly endorsed the omnibus bill; the National Mandate Party (PAN) endorsed it, but with some notes; while, the Prosperous Justice Party (PKS) and the Democratic Party (PD) opposed the bill.
Widodo proposed the bill after being re-elected as Indonesia's president for the 2019-2024 term. At his swearing-in ceremony on October 20, 2019, the president had urged the Parliament to complete deliberations on the omnibus law within 100 days.
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Translator: Rangga PAJ, Fardah
Editor: Rahmad Nasution
Copyright © ANTARA 2020
