Indonesia businesses brace for minimum wage hikes
Unions agitating for increases despite sluggish economy and underemployed workers
Jakarta
INDONESIAN businesses are bracing themselves for another year of massive rises in the minimum wage - already among the highest in Asia - as labour unions in Jakarta stage rallies ahead of a hike in the price of subsidised fuel.
Under Indonesian law, local officials have the authority raise the base pay across industrial segments, and manufacturing workers in Jakarta are pushing for a 30 per cent hike in base pay to almost three million rupiah (S$320).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan