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The "Omnibus Law" has introduced significant reforms to Indonesia's business environment, making this major ASEAN economy an increasingly attractive destination for Hong Kong investors.

Indonesian President Joko Widodo signed the Omnibus Law in November last year. With a wide‑ranging remit, the law makes sweeping changes to more than 70 labour, tax and other key laws to cut red tape and make the country more welcoming to investment.

It also simplifies business license procedures across almost all sectors, eases employment regulations on expats, and significantly improves the ease of doing business in the country.

With a population of 270 million and growing, Indonesia is currently the largest market in Southeast Asia and the fourth largest in the world. Prior to the pandemic, Indonesia's GDP had been growing at above 5% annually, and was one of Southeast Asia's brightest emerging markets.

However, this growth has been slammed by the Covid-19 pandemic, which tipped the country into its first full-year contraction in more than 20 years. On a more positive note, the pandemic helped speed up the introduction of reforms like the Omnibus Law to kick-start Indonesia's post-Covid-19 recovery.

Together with the Indonesia section of the ASEAN-Hong Kong FTA having come into force last year, Indonesia's forward-thinking reforms are making it an increasingly appealing market and investment destination for Hong Kong businesses.

• What are the implications of the recent changes in the country's employment and business laws?
• How can businesses take advantage of the Omnibus Law and ASEAN-Hong Kong FTA to establish a manufacturing base in Indonesia?
• More broadly, what are the prospects for Indonesia's economy?

To answer these questions and more, the Chamber has organized a webinar on 27 April to give members a picture of the potential impact of the Omnibus Law and the opportunities expected to arise.

Riza Buditomo, Partner in Trade and Customs at HHP Law Firm (member of Baker & McKenzie International), will explain how the law will affect supply chains in Indonesia's industry and manufacturing sectors. He will discuss the procedures and legal basis of export restrictions and import leniency for raw materials/supporting materials under the law, as well as the current status of temporary import and how it impacts businesses.

Alvira Wahjosoedibjo, Associate Partner in Employment and Compensation Practice Group at HHP Law Firm, will talk about the impact of the Omnibus Law on employment and labour, covering areas such as employment agreements, employment of foreigners, outsourcing, and termination of employment.

This is an invaluable opportunity to hear from experts on Indonesia and learn about the Omnibus Law, so register now!

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Riza Buditomo

Partner in Trade and Customs, HHP Law Firm

Riza Buditomo is a Partner specializing in trade & customs at HHP Law Firm. Riza is in his 16th years of extensive experience advising clients in corporate commercial and international trade & customs matters.

Riza's work includes anti-dumping, supply chain, cross border trade issues, export/import, customs, free trade agreements and other international corporate commercial work including mergers and acquisitions.

Alvira Wahjosoedibjo

Associate Partner in Employment and Compensation Practice Group, HHP Law Firm

Alvira is an Associate Partner in the Employment & Compensation Practice Group. Alvira has many years of experience acting for foreign and Indonesian corporations in a wide range of employment-related matters. Her main expertise includes general employment, compensation and benefits, overtime, pension/retirement, leave policies, social security, workforce restructuring, termination of employment, expatriate employment, immigration, outsourcing arrangements, employee transfers, secondments and employee data privacy and protection.

Language English
Date and Time 2021/04/27 14:00 to 15:00
Venue This event will take place online via Zoom
Media Closed to media
Enquiries German Cheung
Tel: 28231297
Email: german@chamber.org.hk
Fee Members @ HK$100 / Non-Members @ HK$200
+$50 for booking offline
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 working days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.
- Details about how to join the webinar will be sent by e-mail.

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