Page 498 - e-KLIPING KETENAGAKERJAAN 7 OKTOBER 2020
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Judul               Foreign Investors Warn Indonesia on Jobs Bill's Harmful Effects
                Nama Media          kompas.com
                Newstrend           Omnibus Law
                Halaman/URL         https://go.kompas.com/read/2020/10/06/231501474/foreign-investors-
                                    warn-indonesia-on-jobs-bills-harmful-effects
                Jurnalis            Tunggul Wirajuda
                Tanggal             2020-10-06 23:15:00
                Ukuran              0
                Warna               Warna
                AD Value            Rp 17.500.000
                News Value          Rp 52.500.000
                Kategori            Dirjen PHI & Jamsos
                Layanan             Korporasi
                Sentimen            Negatif



              Narasumber

              neutral - Peter van der Werf of Dutch asset manager Robeco as (None) While the [Jobs Creation
              Omnibus  Bill's]  proposed  regulatory  changes  aim  to  increase  foreign  investment,  they  risk
              contravening  international  best  practice  standards  intended  to  prevent  unintended  harmful
              consequences from business activities

              positive - Jobs Bill The Indonesian government (None) While we recognize the necessity for
              reform of business law in Indonesia, we have concerns about the negative impact of certain
              environmental protection measures affected by the Omnibus Bill on Job Creation.



              Ringkasan

              Foreign  businesses  have  added  to  the  voices  opposing  the  Indonesian  government's  Jobs
              Creation Omnibus Bill, which earlier put the government under fire from labor and civil rights
              groups.



              FOREIGN INVESTORS WARN INDONESIA ON JOBS BILL'S HARMFUL EFFECTS

              Foreign  businesses  have  added  to  the  voices  opposing  the  Indonesian  government's  Jobs
              Creation Omnibus Bill, which earlier put the government under fire from labor and civil rights
              groups.

              Thirty-five foreign investors from corporate powerhouses Aviva Investors and Japanese asset
              management giant Sumitomo Mitsui Trust Asset Management expressed misgivings about the
              bill, undermining its creators' reasoning that it is designed to facilitate investment.
              "While the [Jobs Creation Omnibus Bill's] proposed regulatory changes aim to increase foreign
              investment,  they  risk  contravening  international  best  practice  standards  intended  to  prevent
              unintended harmful consequences from business activities," Reuters quoted Peter van der Werf
              of Dutch asset manager Robeco as saying Tuesday, October 6.

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