PREMIUMJobs law not enough to boost extractive industries, businesses say

first_imgTopics : Google Forgot Password ? Log in with your social account Facebook LOG INDon’t have an account? Register here Extractive industry players have expressed doubt that the recently passed Job Creation Law will be quick to solve issues hindering the sector’s growth despite hopes over deregulation and potential future investments offered through the legislation.The omnibus law simplifies administrative-related articles from 79 older laws in various sectors, including oil and gas, mining and geothermal laws, in the hopes of growing businesses and generating employment.Three extractive industry association leaders have said that, while cutting red tape is important to attract investment, the law failed to address many other critical issues, including the most immediate one: the COVID-19 pandemic.“This [law] is not going to immediately boost upstream oil and gas activity. If anything, activity will continue going down because of COVID-19 and low oil prices,” Indonesian Oil a… Linkedin mining-companies geothermal oil-price Omnibus-Law-on-Job-Creation Jobs-law job-creation-law coal extractive-industry oil-and-gaslast_img read more