JOBS CREATION LAW DEEMED UNCONSTITUTIONAL

Following the constitutional court’s decision deeming the Jobs Creation law as unconstitutional, a number of labor groups are demanding that the minimum wage clause should be removed from the number 36 government regulation. However, business associations have responded that the laws governing the minimum wage will remain in effect.

REQUEST TO EXTEND HOUSING VAT

The government is being requested to consider extending the value added tax incentives (VAT) for the real estate sector, which are set to expire in December. The vat-free incentive for houses has been shown to have a positive impact on the developer's performance as well as the housing buying power of the general public.

PPKM PLANS AHEAD OF HOLIDAYS

President Joko Widodo has emphasized the need of effectively communicating the proposal to enforce level 3 public activity and mobility limitations (PPKM). The decision to enact the law was made in anticipation of a revival of COVID 19 instances, similar to what has occurred in Europe.

CHINESE HOSPITAL USING SMART DEVICES

In the southern city of Guangzhou, Chinese tech companies have collaborated with a local hospital to equip it with 5G technology and over 10,000 smart devices that can collect and transmit real-time health data from patients to doctors.

HIJAB MASK LACE BUSINESS

Despite its challenges, the pandemic has resulted in the creation of many business opportunities for women. One such example is a mask and hijab accessory business started by a housewife from Pasuruan, East Java which has helped her earn up to IDR 7 million per month.

U.S. TO RELEASE OIL RESERVES

In a bid to reduce gasoline costs, President Joe Biden on Tuesday (23/11) ordered the release of 50 million barrels of oil from America's strategic reserve. Other countries such as India, UK and China also did the same.

POWELL NOMINATED FOR 2ND TERM AS FED CHAIR

U.S. President Joe Biden has announced that he will nominate Jerome Powell for a second term as the chairman of the Federal Reserve. This will likely result in the continuation of policies regarding the managing of inflation and tapering.