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.
