Overview

Since being elected to his first term of office back in 2014, President Joko Widodo has been primarily focusing his government’s energies upon national economic development and various attempts to boost both national and foreign investment within Indonesia. To this end, the government has implemented various policies which address, among others, the development of infrastructure, the administration of several investment and tax incentives, and the simplification of various statutory regulations (deregulation).[1]

Now well into his second term of office, President Widodo's ongoing focus on development remains unchanged with deregulation being positioned as the cornerstone of the government’s policy upon which the ultimate goal of increasing investment in Indonesia rests. As a culmination of the deregulation process, the government has introduced the concept of the omnibus law, which will eventually replace several already existing laws and consolidate them under single legal frameworks.[2] The government considers the ongoing development of omnibus laws to be one of the most important steps towards fulfilling its goal of increasing investment within Indonesia and ultimately cementing a steady economic growth rate into place.[3]