Indonesia

Indonesia Issues Emergency Regulation to Replace Controversial Job Creation Law

Indonesia’s President Joko Widodo has signed an emergency regulation to replace the controversial job creation law, his chief economics minister said on Friday, a law that the Constitutional Court had ruled was flawed in 2021.  Airlangga Hartarto said the move was to ensure legal certainty and achieve the government’s investment target amid global geopolitical tension.  […]

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raising wages

Japan to Make Raising Wages a Top Priority, Says Senior Govt official

Japan’s government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. “The biggest challenge for Japan’s economy is a lack of wage growth. Unless wages rise, consumption won’t pick up and companies won’t increase investment,” Kihara said, speaking during a television programme. […]

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