Overview

2020 has obviously been a huge challenge globally and the Corona Virus Disease 2019 (“COVID-19”) pandemic has forced many businesses to adjust their business models and activities in order to survive the adverse economic conditions that have emerged as a result of the ongoing health crisis. The government has also had a central role to play in terms of the spread of COVID-19 and, by prioritizing social welfare and public health at the heart of its response, has made it tough for businesses and various stakeholders to maintain a foothold in the national economy.

While the government’s inbox is undoubtedly still full at present, the country’s politicians must continue to work hard in order to ensure that the Indonesian economy will be able to rebound over the next year. Moreover, after a lengthy deliberation process and in the face of widespread protests, the government finally signed off on Law No. 11 of 2020 on Job Creation (“Job Creation Law”) in late 2020.[1]