A woman wearing a protective mask shops for vegetables at a traditional market in Jakarta, Indonesia, October 1, 2020. REUTERS/Willy KurniawanJAKARTA: Indonesia moved a step closer to passing President Joko Widodo's contentious"Job Creation" bill after parliament's legislation committee and government ministers on Saturday approved the latest version for a vote next week.
Global investors have been watching closely to see if the bill gets watered down in parliamentary debates, as Southeast Asia's largest economy tries to compete for manufacturing investment relocating from China. Government ministers led by chief economic minister Airlangga Hartarto also approved the final version of the bill, which contained some changes to the government's original proposal, such as a different scheme for a cut in mandatory severance benefits."This bill will support de-bureaucratisation and efficiency," Airlangga said in the televised hearing.