TIME.CO, Jakarta – The latest economic and business news up to Thursday evening 5 January 2023, starting with Faisal Basri’s strong criticism of the reasons for the publication Job creation Peru to boost investment.
Next, there is Ridwan Kamil’s rebuttal on the use of APBD for the construction of Al Jabbar mosque and Refly Harun assesses that Job Creation Perpu is playing with the constitution. Then there was news about the Pekanbaru – Bangkinang Toll Road profile and the outsourcing rules that were revived through Job Creation Perpu.
The five news most consulted by the readers of the Tempo.co Economia e Impresa channel. The following is a summary of the five trending news.
1. Job creation Perpu is called upon to boost investment, Faisal Basri: it is an investment in brawn, not in brains
University of Indonesia Senior Economist Faisal Basri commented on the issuance of the government regulation in lieu of (UU) Law No. 2 of 2022 on Job Creation or Perpu Cipta Kerja. He highlighted the government’s argument that the enactment of the Omnibus Act should have met the 2023 investment target of IDR 1.2 trillion.
Faisal Basri then stated that in reality the value of the investment invested in Indonesia was already high. “But the investment in Indonesia is a friend of Butan and Myanmar, it is an investment in brawn. So what is being built is not brains, but building and construction”, he said in a virtual public debate organized by the Institute for the Development of the Economy and Finance (Indef), on Thursday 5 January 2023.
As for investments in the country used for building and construction, they reach 83%. Then another 2 percent for transportation development. Meanwhile, the use of capital injections for the development of IT capital and other non-IT capital is only between 1 and 11%.
Read more about Faisal Basri here.
