Omnibus Law to Boost Economy, Coordinating Economic Minister Says

Coordinating Minister for the Economy Airlangga Hartarto on his press statement after a Limited Cabinet Meeting, Jakarta, Wednesday (15/1). (Photo by: Ibrahim/PR).

The purpose of the Omnibus Law is to drive and transform the economy so that new jobs can be created, Coordinating Minister for the Economy Airlangga Hartarto has said.

“Our workforce increases by 2 million each year with an average growth of 5 percent,” Airlangga said after a Limited Cabinet Meeting at the Presidential Office, Jakarta, Wednesday (15/1).

According to the Minister, the total workforce currently stands at 133.56 million and among 126 million of workforce are employed, consisting of informal workers and formal workers.

“The substance of the omnibus law has been discussed with 31 ministries/agencies. We also received input from various stakeholders and discussed with several labor unions and others,” Airlangga said.

The omnibus law, Airlangga continued, consists of 11 clusters, namely licensing simplification; investment requirements; employment, facilities, empowerment, and protection of Micro, Small, and Medium Enterprises (MSMEs); Ease of Doing Business (EoDB); research and innovation support; government administration; provision of penalty; the land acquisition; government investment and projects; economic zone as well as industrial area.

“As of this afternoon 1,244 articles and 79 laws have been identified,” the Minister said, adding that the number is not equal to the number of articles revoked.

Airlangga went on to say that President Joko “Jokowi” Widodo has ordered each ministry to conduct dissemination to the public and to regions related to the implementation of the law.

“Pak President also hopes that discussions with party seated in the House of Representatives will be held immediately,” the Minister concluded. (FID/EN)

Translated by: Galuh Wicaksono
Reviewed by: Yuyu Mulyani