JAKARTA: Indonesia's parliament voted on Monday to pass into law President Joko Widodo's flagship"Job Creation" Bill aimed at improving the investment climate in Southeast Asia's biggest economy, as labour groups vowed protests over the legislation.
Seven out of nine parties accepted the Bill, while two rejected it in a vote where some lawmakers attended virtually via video conference due to the coronavirus pandemic.The so-called"omnibus" Bill, aimed at revising more than 70 existing laws in a single vote, intends to speed up the pace of economic reform and improve the country's investment climate.
Global investors have been watching closely the Bill's progress in the lead-up, particularly regarding controversial changes proposed to the 2003 labour law, citing a need for Indonesia to compete better for manufacturing relocating from China. The Bill will cut the mandatory severance benefits paid by employers to 19 times monthly wages from 32 times now, in line with government proposals, a draft seen by Reuters showed.A coalition of 15 activist groups, including trade unions, condemned the Bill in a statement on Sunday and called on workers to join a planned national strike from Tuesday to Thursday.
Yusri Yunus, a spokesman for Jakarta police, said that a permit for the protest had not been approved.
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