People protesting against the Indonesian government's omnibus law in Jakarta on Thursday. — Reuters
IT is unfortunate that most headline stories about the newly passed Omnibus Law on Job Creation have singled out the most controversial of the thousands of provisions in its 905 pages, only to contribute to the public hostility towards what should be lauded as the most comprehensive "big bang" economic reform ever launched.
More than 90% of the law is designed to stimulate domestic and foreign investment by removing bureaucratic inefficiencies and excessive licensing requirements as well as opaque, overlapping and contradictory regulations that have long hindered competitiveness.
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