The Indonesian Digital Entrepreneur Association, The Value Of The Job Creation Law, The Digital Investment Law

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JAKARTA - Founder and CEO of the Indonesian Digital Entrepreneur Association (ADEI), Bari Arijono, assessed that the Job Creation Law could invite foreign capital players to invest in the digital sector.

According to Bari, companies such as Tesla and Amazon, which have been involved in the digital ecosystem, will enter Indonesia following the regulation.

"Tesla sign for electric cars. Keep Amazon also want to make logistics in Indonesia. The plan is so. If the two projects was proved and events, means the Copyright Act Working lot of benefits," he said quoted by Antara on Sunday, October 18th.

He said the entry of investment was reasonable because the Omnibus Law provided a number of facilities in terms of licensing and bureaucracy, accompanied by certainty of the rights of domestic workers.

"This means that the Job Creation Law should not become a new weapon for foreign investors, to use workers from their own country. So it is labor intensive locally, not foreigners," he said.

Thus, he believes, investment growth currently affected by the COVID-19 pandemic can immediately rise and processing industry activities can again compete at the ASEAN level.

"Indonesia at the same time (investment growth) is still below ten percent, even though we have sufficient resources and have great potential. However, why does investment refuse to enter," he said.

Previously, the Head of the Center for Strategic and International Studies (CSIS) Economics Department Yose Rizal Damuri said the Job Creation Law could be useful for overcoming obstacles for investors to enter Indonesia.

"This will be very useful for increasing Indonesia's attractiveness to investment, be it from within the country or abroad," said Yose in a statement in Jakarta, Thursday, October 8.

He explained that so far there are still many overlapping regulations that hinder the bureaucracy in the business licensing process, even though regional regulations (perda) are sometimes not in line with central government regulations.

Therefore, according to Yose, the benefit of this regulation is that it provides business convenience which in the medium to long term can increase investment enthusiasm and economic growth.