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Story summary
- Indonesia posted 5.61% GDP growth in Q1 2026 yet lost over 88,000 jobs in 2025 and 23,470 more Jan-May 2026.
- Regulation No. 8/2024 eased cheap imports, triggering layoffs in textiles and other labor-intensive sectors, said Tadjuddin Noer Effendi.
- Effendi urged tax incentives, subsidized loans, stricter import oversight linked to formal jobs, and warned a 0.5% tax on MSMEs over Rp 500 million adds pressure.
