Indonesia Issues Implementing Rules for Investment Law Reform
Yudith Ho, Bloomberg News Harvested palm oil fruit bunches sit in a truck at the Genting Tanah Merah Estate, operated by Genting Plantations Bhd., in Johore, Malaysia, on Thursday, Nov. 14, 2019. Genting owns about 20 drones, and uses the services of other providers to monitor and map about 160,000 hectares of oil palms in Indonesia and Malaysia. Photographer: Joshua Paul/Bloomberg , Bloomberg
(Bloomberg) Indonesia has released the specifics of its investment law overhaul, with changes that include lower taxes on bond earnings and new permit requirements for plantations.
The 49 implementing rules cover land management, foreign worker regulations and a new framework for deciding which sectors are open or closed to overseas investors. The omnibus law is meant to spur investments and create jobs, part of a major push by President Joko Widodo to bring the economy out o
hillary vaughn is looking at plans announced by those that want to take the president s police. hillary? four of the nine democratic candidates that announced plans to run for president in 2020 support the idea that the way to add jobs is to give one. to everyone over 18 and pay them more than twice the federal minimum wage. senator cory booker was the brain child behind a three-year pilot program that would guarantee that anyone over 18 would get a job that pays $15 an hour with paid family and sick leave, plus healthcare. it would be tested out in 15 locations around the u.s. before going nationwide. senator kamala harris co-sponsored the plan and kirsten gillibrand supported it. trump s job growth plan has been focused on tax cuts and cutting back on regulations for businesses big and small. the trump administration touts the cuts and jobs act for more jobs. cutting the corporate tax rate
illegal immigrants. these are for the most part law-abiding citizens who will pay taxes here, add jobs and help employers. it s a complete misfabrication of the situation. there are 6 million open jobs in the united states. there are shrimp boats that need workers. and the immigrants can t come through. i spoke to the mayor of mcallen, texas who said we support really strong borders. we need foreign policy with central america so things can be better there. when you saw the economy improve in mexico, people were moving out of the united states and going home. he signs the executive order. we know it doesn t solve everything. but from a logistics standpoint what actually happens here? i m glad you asked that. i think we have to sort of step back with the fact that he signed an executive order for an issue that he claims they never even had. remember, christian said initially that there was no policy separated children from their parents at the border.
sandra: do democrats still like the idea of her being the face of your party, adrienne? well, i certainly wouldn t say she is the face of our party. i would say she is a powerful female leader who may very well become the next speaker again if democrats take back the house. but again, president trump likes to attack strong, powerful women. we saw this with hillary clinton. he also likes to promote them. sandra: we have to leave it there. thank you for coming on. bill: happening now now a quick preview. good morning. president trump holds an immigration round table today in an area known as a hot bed for the ms-13 gang. he doubles down calling that group animals. what he will have to say today. plus the house taking up landmark welfare reform legislation. house ways and means committee chairman kevin brady is behind the bill to unify republicans and add jobs. he joins us live.
at 4.1%. live from the new york stock exchange. nicole, the economy did add jobs, just not as many as in previous months. why is that? it will be 148,000 jobs that were added, below the annual average. it was below the estimates that were anticipated. you do see the unemployment rate of 4.1%. that s a 17 year low. so why the headline number? the big picture is when you break it down by sector. we saw weakness in retail. retail overall has been an area that has been weaker. you blame the big guys like amazon when we have a lot to talk about with retail and the big competition that they are seeing. the big picture is the economy has been growing. we have a stellar 2017. we have seen all areas doing well from housing, to job growth as well and confidence also gaining of course. dana: tell me which companies are selling today and which ones are having a rough time. the obvious, just mention