Indonesia Is Set to Overhaul 79 Laws in a Push for Jobs and Foreign Investment

Indonesia is set to overhaul its nearly two-decade old labor law and scrap an array of rules that hinder foreign investment as President Joko Widodo seeks to transition the economy from a commodity reliant one into a manufacturing hub.

The government plans to table a bill in parliament on Tuesday that will revise 79 separate existing laws and 1,244 clauses. The omnibus law on job creation will reform Indonesia’s labor legislation, make it easier for companies to secure permits, and relax foreign ownership rules, local content requirements and land procurement.