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Reuters
Reuters
Business
By Stefanno Sulaiman

Indonesia passes jobs decree into law, easing investment uncertainty

Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto delivers his remarks on the new job and investment law, during the parliamentary plenary meeting, in Jakarta, Indonesia, March 21, 2023. REUTERS/Ajeng Dinar Ulfiana

Indonesia's parliament on Tuesday passed into law an emergency decree on jobs and investment, eliminating legal uncertainty hanging over measures President Joko Widodo has pushed to spur investment in Southeast Asia's largest economy.

The new law replaces the 2020 Jobs Creation law, which was praised by foreign investors for streamlining business rules in the bureaucracy-heavy country, but also criticised by labour and green groups as being too pro-business.

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