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The omnibus labour law is good news for the rupiah
SINGAPORE, Oct 12 (Reuters): Most Asian currencies inched lower on Monday after a policy tweak by China's central bank pulled back some of the yuan's gains, while stock markets across the region rose as investors latched on to hopes a deal for US stimulus would be reached.
SINGAPORE/HOUSTON (Reuters) - When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal staff left in place to maintain production.But as months of travel curbs dragged on, angry workers blockaded the mine for four days in August until the operator - a unit of U.S. miner Freeport McMoRan Inc
Authorities in Jakarta were cleaning up burned-out cars, government offices and bus shelters that were set ablaze by protesters enraged over a new law they say will cripple labour rights and harm the environment.
JAKARTA, Oct 10 (AP): Authorities in Indonesia’s capital on Saturday were cleaning up burned-out cars, government offices and bus shelters that were set ablaze by protesters enraged over a new law they say will cripple labour rights and harm the environmen
Indonesia last week a scene of violent protests over a new sweeping "omnibus law" to reform tax and labour. Get an insight story on the incident from The Straits Times' correspondents and reporters from Jakarta.
THE dollar continued to decline for the second consecutive week, down 0.25% w/w to 93.61, underpinned by persistent upbeat sentiment in global markets, supporting investors’ risk appetite as investors continue to bet on some form of fiscal aid emerging ahead of the US elections.
Indonesia has added eight more technology companies, including Alibaba Cloud (Singapore) Pte Ltd and Microsoft Corp, to a list of businesses that must pay a 10% value-added tax (VAT) on sales.
THOUSANDS took the streets of several cities to protest the passage a day earlier of a jobs law they say is too pro-business, but which the government has promoted as vital to attract investment.
JAKARTA, Oct 6 (Reuters): Thousands of Indonesians took the streets of several cities on Tuesday to protest the passage a day earlier of a jobs law they say is too pro-business, but which the government has promoted as vital to attract investment.