IO – The Government has issued 49 executing regulations for Law Number 11 of 2020 concerning Job Creation, comprising 45 Government Regulations and 4 Presidential Regulations. These executing regulations are enacted by their inclusion in the State Gazette of RI and can be accessed through the Cabinet Secretariat Legal Documentation and Information Network website jdih.setkab.go.id.
The issuance of these 49 is added to the list of earlier derivative regulations issued for this Law, viz. Government Regulation Number 73 of 2020 concerning Investment Management
Institutions and Government Regulation Number 74 of 2020 concerning the Starting Capital of Investment Management Institutions.
The Government officially issued Law Number 11 of 2020 concerning Job Creation on 2 November 2020; it is meant to provide as many quality job opportunities as possible; empower micro, small, and medium-sized businesses (usaha mikro kecil menengah – “UMKM”); simplify regulations; and improve investment ecosystem in order to accelerate the execution of national strategic projects.
Implementing the Job Creation
Law requires a number of technical executing regulations. These concern the issuance of risk-based business permits; convenience, protection, and empowerment of cooperatives and UMKMs; setting up taxation to support ease of doing business; land zoning; the environment and forestry; the land sector; and the employment sector.
Minister of Law and Human Rights Yasonna Laoly stated that from the start, the Job Creation Law is meant to provide positive stimulus for the growth and improvement of the national economy, which will in
turn generate many job opportunities for the people. “The Job Creation Law is a breakthrough. It is how the Government attracts investment opportunities from abroad by simplifying permit processes and reducing the bureaucracy,” he said during an interview on Sunday (21/02/2021).
He went on to express his hope that implementing the derivative regulations of the Job Creation Law can help accelerate the recovery of the national economy, “…as well as accelerating momentum for this year to be Indonesia’s year of revival,” he said. (eka)