KONTAN.CO.ID - JAKARTA. A court ruling in Indonesia against a new jobs creation law could dim its investment outlook, experts said on Friday, in a potential blow to President Joko Widodo's drive to boost investment and reduce the economy's reliance on consumption. The Constitutional Court on Thursday ordered the government to amend the legislation within two years, citing procedural flaws in its handling. The government said it will comply. Indonesia had touted the law to try to lure foreign investors, citing related structural changes that have seen measures introduced to relax labour rules, reduce red tape and speed up permitting.
Indonesia jobs law ruling could dim investment outlook, experts say
KONTAN.CO.ID - JAKARTA. A court ruling in Indonesia against a new jobs creation law could dim its investment outlook, experts said on Friday, in a potential blow to President Joko Widodo's drive to boost investment and reduce the economy's reliance on consumption. The Constitutional Court on Thursday ordered the government to amend the legislation within two years, citing procedural flaws in its handling. The government said it will comply. Indonesia had touted the law to try to lure foreign investors, citing related structural changes that have seen measures introduced to relax labour rules, reduce red tape and speed up permitting.