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Nikkei Forum Jakarta

Indonesia seeks greater 'economic complexity' through omnibus bills

Government aims to pass investment legislation in 100 days, minister says

Luhut Binsar Pandjaitan, the coordinating minister for maritime and investment affairs, delivers the keynote address during Nikkei Forum in Jakarta on Feb. 25. (Photo by Ken Kobayashi)

JAKARTA -- Indonesia hopes its sweeping omnibus bills will attract investment as it seeks to diversify its economy and escape the "middle-income trap," the country's coordinating minister for maritime and investment affairs, Luhut Binsar Pandjaitan, told the Nikkei Forum Jakarta 2020 on Tuesday.

The government earlier in February submitted to parliament a draft of an omnibus bill on taxation and another on job creation. The bills, which stirred up opposition, especially on labor issues, are aimed at boosting investment in downstream industry projects and others, according to the minister.

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