Time 15451745 hrs Jakarta TimeThe landmark passage of the Omnibus Law on Job Creation is the foundation for President Jokowis vision of Indonesia as an upper middleincome country by 2045 The Law mak ID: 856402
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1 Date: Monday, 30th November, 2020 Time
Date: Monday, 30th November, 2020 Time: 15.45 - 17.45 hrs Jakarta Time The landmark passage of the Omnibus Law on Job Creation is the foundation for President Jokowi’s vision of Indonesia as an upper middle - income country by 2045. The Law makes changes to more than 70 laws across various industry sectors reflecting its tremen dous ambition. It seeks to strengthen and transform Indonesia’s economy by increasing competitiveness, creating jobs and making it to easier to do business in Indonesia. Business licensing, investment, taxation and labour rules to boost job creation are t he focus of the Law . The Law includes meaningful gains across investment rules such as in the infrastructure, power and shipping sectors to note a few. Changes to labour provisions were passed with broad agreement across most stakeholders; a Labour law that, despite efforts, had not been reformed since 2003. T he Omnibus Law has captured worldwide interes t with particular attention on the environment . T he Law does not change Indonesia’s environmental standards nor rolls back environmental gains in areas such as reducing deforestation. Rather, t he focus of the L Indonesia can realize investment consistent with its ambitious environmental goals. The Tri Hita Karana Forum Partners Dialogue to be held on Monday, 30 November, 15.45 - 17.45 hrs Jakarta Time offer s opportunity for a n open conversation bringing together the international and regional business and investment - makers for an exchange of perspectives and bu ild common understanding of the Omnibus Law . The F orum will explore in greater detail issues related to environment, job creation, investment climate, and taxation. Th e Tri Hita Karana Forum Partners Dialogue is held with support from THK partners International Chamber of Commerce (ICC), UN SDSN, United In Diversity Foundation, KADIN and APINDO to facilitate discussion with the international and business communities. Agenda JKT TIME PROGRAM 15.45 - 16.00 Welcome Remarks by • H.E. Luhut B. Panjaitan, Coordinating Minister of Maritime Affairs and Investment • Paul Polman, Co - Founder and Chair, IMAGINE; Honorary Chair, International Chamber of
2 Commerce (ICC) 16.00 – 16.15
Commerce (ICC) 16.00 – 16.15 “Omnibus Law for a Better Business Better World“ Ministerial Briefing • H.E. Airlangga Hartarto, Coordinating Minister of Economic Affairs • Minist ry of Environment and Forestry Tri Hita Karana Forum Partners Dialogue “ Indonesia Omnibus Law for a Better Business Better World ” 16.15 - 16. 30 Tri - Sector’s Perspective s • Satu Kahkonen , Country Director Indonesia and Timor Leste, World Bank (tbc) • Richard Jeo, Senior Vice President Asia , Conservation International • John Denton. Secretary General, International Chamber of Commerce • Hariyadi Sukamdani, Chairman APINDO • Shinta W. Kamdani, Vice Chair, KADIN 16.30 - 16.50 Open Q&A with GoI (20 mins) Concu rrent Breakout Cluster Discussion 16.50 - 17.35 Cluster 1 : Environment & Spatial Planning Learn how the Omnibus Law seeks to strengthen the implementation of environmental standards through a risk - based decision - making process. Cluster 2: Job Creation Learn how the Omnibus Law plans to enhance Indonesia’s competitiveness and create jobs while protect ing workers and labor rights. Cluster 3: I nvestment Climate Learn how the investment licensing process will be streamlined , including by aligning all levels of government, to incentivize investment across a wide range of sectors and opportunities on value creation industry, technology, R&D, education and healthcare in special economic zones Cluster 4: Taxation (min 2 Group s) Learn how t he Omnibus Law introduces corporate tax cuts that will bring Indonesia on par with regional neighbors, and provide s tax incentives for publicly - listed companies. 17. 35 – 17.4 5 Closing Plenary Remark • H.E. Luhut B. Panjaitan, Coordinating Minister of Maritime Affairs and Investment • Paul Polman, Co - Founder and Chair, IMAGINE; Honorary Chair, International Chamber of Commerce (ICC) Me n timeter on feedback by participants and group photo Please register your participation in th is link ( http://tiny.cc/30NovTHK_OmnibusLaw ) . Attendance by Invitation only