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The Job Creation Act (Indonesian: Undang-Undang Cipta Kerja), officially Act Number 11/2020 on Job Creation (Undang-Undang Nomor 11 Tahun 2020 Tentang Cipta Kerja, or UU 11/2020), is a bill that was passed on 5 October 2020 by Indonesia's House of Representatives, with the aim of creating jobs and raising foreign and domestic investment by reducing regulatory requirements for business permits ...
One year later on 21 December 1993, PT Pemeringkat Efek Indonesia (PEFINDO) was established. On 22 May 1995, the Jakarta Stock Exchange launched a trading automated system which was implemented using the JATS (Jakarta Automated Trading Systems) computer system. In the same year on 10 November, the Government of Indonesia issued Act Number 8 of ...
As such, a new regulation is needed to cut the "red tape" of the Indonesian investment climate. The new proposed draft titled RUU Cipta Kerja (Job Creation Bill) was fiercely opposed by environmentalists, labour unions, and many oppositions shortly after its publication. [23] [24] [25] The first draft was proposed on 12 February 2020.
As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On 22 March 1995, JSX launched the Jakarta Automated Trading System (JATS). In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged to form the Indonesian Stock Exchange by the Indonesian Minister of Finance.
Division of Powers Institutions (in English) Institutions (in Indonesian) Roles Executive President and Vice President: Presiden dan Wakil Presiden: Heads of government
After dissolution of United States of Indonesia on 15 August 1950, government saw that the need for centralization in Jakarta, thus merged DUUP into KUP and relocated to Jakarta. In 1972, KUP was transformed into National Civil Service Administration Agency ( Indonesian : Badan Administrasi Kepegawaian Negara , BAKN).
The difference between pasar pagi and pasar malam is in its operating hours. Pasar pagi opens early in the morning from dawn to noon every day, approximately from 04:00 to 12:00. On the other hand, pasar malam opens at night, approximately from 17:00 to 22:00, and only on selected days of the week. The type of goods being sold is also quite ...
The proportion of the core city's (Jakarta) population to that of the entire metropolitan area also declined significantly. In 2020, the population of Jakarta was only 30.4% of the total population of the Jakarta metropolitan area, continuing the decline from 54.6% in 1990 to 43.2% in 2000 and 35.5% in 2010.