The Omnibus Law, on Job Creation was passed in early October. This law will attempt to streamline and simplify many regulations which have been viewed as non-productive to the ease of doing business in Indonesia. While this Act has raised a lot of controversies, mainly regarding the employment cluster, it will certainly benefit many business sectors if applied effectively.
With the Indonesia economy set to enter into a Recession for the first time in over 2 decades, many will try to find some lessons from past crises. We revisit the 1998 monetary crisis in order to learn on what can be expected from the current recession and how should investors position themselves.
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