Write an essay on " 2020: A year of change"
Answers
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The Business of Work
Reforms to the labor laws had been tipped by the president during his first term. The law as it currently stands, the government argued, was suited to the immediate post-Suharto days and went far in creating employment and closing the poverty gap. But, it’s no longer the last 1990s and Indonesia’s economy has changed dramatically. An omnibus of reforms targeting 79 existing laws will be tabled this week in an effort to boost foreign investment and diversify local industries.
Indonesia has consistently underperformed in the ease of doing business index compared to regional neighbors, but slow efforts in recent years will get a huge boost if reforms go to plan. Visa requirements in key sectors are expected to be made easier while entry barriers to the massive energy sector will be relaxed. An update to the negative list, a list of sectors in which foreign involvement is barred, will see reforms with a focus on industries which have the potential for mass employment.