Indonesia passes law to cut corporate tax, simplify labor rules

The bill's passage may help President Joko Widodo shore up an economy that's set to slip into another contraction this quarter

Indonesia has rushed the approval of a law aimed at creating jobs and attracting investments, a day before 2 million workers were set to protest against it.
 
The parliament agreed to pass the omnibus bill on jobs in a plenary meeting on Monday. That’s one day before labour unions were planning to stage a national three-day strike across 300 cities to reject it. The parliament was previously set to hold its plenary meeting on Oct. 8.
 
The law that seeks to simplify and revise more than 70 existing regulations will overhaul the country’s labour rules, make it easier