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Jokowi Invites Foreign Investors to Use Omnibus Law

President Jokowi Speaks at Apec
President Jokowi Speaks at Apec

JAKARTA – President Joko Widodo (Jokowi) specifically invited foreign investors, especially in the Asia Pacific region, to take advantage of the ease of investing offered by the Omnibus Law on Job Creation. 

“I invite CEOs and entrepreneurs in the Asia Pacific region to take advantage of the opportunities from the Omnibus Law which passed,” said Jokowi. 

The President added that the government is currently pursuing the preparation of implementing regulations for the Job Creation Law. This implementing regulation will simultaneously regulate the details of policies that reduce investment regulations and make it easier to start a business. 

“We will finish implementing regulations as soon as possible. So that various regulatory reforms and debureaucratization can be immediately felt by the benefits of business actors,” said the president. 

Jokowi Optimistic Omnibus Law Will Boost Indonesia’s Economic Growth

Jokowi
Jokowi

It has taken all steps, including the preparation of an omnibus law. Which is supposed to be able to attract more investment. And is believed to be able to boost Indonesia’s economic growth in the future.

In the meeting held by the APEC Business Advisory Council (ABAC). Jokowi promoted wider investment opportunities after the passage of the Omnibus Law on Job Creation. Jokowi event ‘showcased’ the simplification of regulations carried out through the bill of sweeping the universe of Job Creation. From 79 laws to 1 law only. 

“Our main goal is to create a quality business and investment climate for business people including MSMEs and foreign investors,” said Jokowi. 

The Indonesian government, said Jokowi, guarantees a number of pluses for investors through the passage of the Job Creation Law. In addition to overlapping regulations and trimming complicated procedures. Mr. President also mentioned that the Job Creation Law cuts the cumbersome licensing bureaucracy. Not to mention, illegal levies that have hindered business and investment have also been eradicated. 

“By continuing to prioritize our commitment to protecting the environment, our commitment to being environmentally friendly,” he said.

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