Comparison of Indonesian and Malaysian Investment Laws Following Omnibus Legislation

Sudiyana Sudiyana, Mohd Zamre Mohd Zahir

Abstract

Government initiatives like the Omnibus Law encourage investment and job creation. This article examines and evaluates the investment law policy following the Omnibus Law on Job Creation compared to Malaysian legislation.   This normative legal research examines challenges using progressive legal theory and statutory and conceptual approaches.   According to the Omnibus Law Job Creation, the investment law policy starts with legality in risk-based business, offers investment incentives to boost foreign investment, and expands business opportunities while upholding national interest. Employment creation is more progressive under this post-omnibus law. Investment policies harmonize legislation and investment institution coordination.   Indonesia has more centralized laws than Malaysia.   Malaysia's legal investment policy is sectoral.   Each business sector must have a supervisory entity, and all investments must register as Malaysian businesses.



Keywords

Legal Policy; Foreign Investment; Omnibus Law; Job Creation

Full Text:

PDF

References

Aceh, Di. P. M. (2022). FGD Hasil Survei Hambatan Penanaman Modal Aceh 2022. Admin DPMPTSP. Retrieved from www.aging-us.com

Anisa. (2016). Urgensi Penanaman Modal Asing Indonesia Sebagai Upaya Pemenuhan Kesejahteraan Warga Negara Indonesia. Al-Adl: Jurnal Hukum, 12(1), 172-190. Retrieved from https://ojs.uniska-bjm.ac.id/index.php/aldli/article/view/4325

Arliman, L. (2018). Penanaman Modal Asing Di Sumatera Barat Berdasarkan Undang-Undang Nomor 25 Tahun 2007 Tentang Penanaman Modal. SUPREMASI: Jurnal Hukum, 1(1), 8-23. https://doi.org/10.36441/supremasi.v1i1.153

Deputy for Monetary and Balance of Payments (2020). Laporan Pasar Harian. Retrieved from https://ekon.go.id/source/publikasi/29 Januari 2020-Laporan Pasar Harian.pdf

Aulia, M. Z. (2018). Hukum Progresif dari Satjipto Rahardjo. Undang: Jurnal Hukum, 1(1), 159–185. https://doi.org/10.22437/ujh.1.1.159-185

Capital Investment Coordinating Board. (2020). Laporan Kinerja 2020. In Direktorat Jenderal Hortikultura (pp. 44–47). Retrieved from https://ppid.bkpm.go.id/wp-content/uploads/2022/09/Laporan-Kinerja-BKPM-2020.pdf

Capital Investment Coordinating Board. (2021). Realisasi Investasi 2021. In Kementeriaan Investasi (Issue 4, pp. 1–3). Retrieved from https://www.youtube.com/watch?v=3gSw5Md1PO0

Bahlil Lahadalia, M. B. (2023). Capaian Realisasi Investasi tahun 2023 (Vol. 2023, pp. 12–20)

Bastomi, M., & Salim, M. A. (2021). Investment-based santripreneur training in the Islamic capital market. Community Empowerment. Retrieved from http://journal.unimma.ac.id/index.php/ce/article/view/4926

Devi, R. S. (2019). Perlindungan Hukum Bagi Penanaman Modal Asing (PMA) Di Indonesia. JURNAL RECTUM: Tinjauan Yuridis Penanganan Tindak Pidana, 1(2), 142-153. http://dx.doi.org/10.46930/jurnalrectum.v1i2.227

Garner, B. A. (2004). Black’s law dictionary (Bryan A. Garner (ed.)). St. Paul, Minnesota : West Group.

Harjono, D. K. (2012). Hukum Penanaman Modal: Tinjauan Terhadap Pemberlakuan Undang Undang No. 25 Tahun 2007 tentang Penanaman Modal. 25, 31. Retrieved from http://repository.uki.ac.id/1026/1/Hukum%20Penanaman%20Modal.pdf

Hermawan, M. (2019). Studi Kebijakan Penanaman Modal Indonesia. Dia, 17(1), 99–109. https://doi.org/10.30996/dia.v17i1.2890

Huijbers, T. (1991). Filsafat Hukum (Cetakan Pe). Kanisius. Retrieved from https://onesearch.id/Record/IOS13438.INLIS000000000032112

Husnulwati, S., & Yanuarsi, S. (2021). Kebijakan Investasi Masa Pademi Covid-19 Di Indonesia. Solusi, 19(2), 183–193. https://doi.org/10.36546/solusi.v19i2.364

Indonesia, D. P. R. R. (2022). Rudi Hartono Paparkan Sejumlah Permasalahan Investasi di Daerah. Dpr.Go.Id, 42450. Retrieved from https://www.dpr.go.id/berita/detail/id/42450/t/Rudi-Hartono-Paparkan-Sejumlah-Permasalahan-Investasi-di-Daerah

Iroth, D. A. (2017). Aspek Hukum Pengembangan Sumber Daya Manusia (Sdm) Menurut Undang- Undang No. 13 Tahun 2003 Tentang Ketenagakerjaan. 11(1), 92–105. Retrieved from https://ejournal.unsrat.ac.id/index.php/lexcrimen/article/view/15353

Ministry of Investment. (2022). Investment Realization Reaches IDR 1,714 Trillion, Absorbs 2.4 Million Workers. Retrieved from https://www.bkpm.go.id/en/info/press-release/investment-realization-reaches-idr-1-714-trillion-absorbs-2-4-million-workers

Kesit Bambang, P. (2003). Analisis Pengaruh Kebijakan Tax Holiday Terhadap Perkembangan Penanaman Modal Asing Di Indonesia (Tahun 1970-1999). Jurnal Ekonomi Pembangunan, 8(1), 19–37. Retrieved from https://media.neliti.com/media/publications/69565-ID-analisis-pengaruh-kebijakan-tax-holiday.pdf

Laoli, N. (2023). Bahlil Lahadalia Beberkan Alasan Indonesia Jadi Negara Tujuan Investasi Asing. Retrieved from https://nasional.kontan.co.id/news/bahlil-lahadalia-beberkan-alasan-indonesia-jadi-negara-tujuan-investasi-asing

Mahmud, P. (2005). Legal Research. Kencana Prenada Media Group. Retrieved from https://onesearch.id/Record/IOS13475.INLIS000000000005724

Moertiningroem, S. (2025). Serap 2,4 Juta Tenaga Kerja, Kinerja Investasi Capai Rp 1.714 T. 2024–2025. Retrieved from https://www.bkpm.go.id/id/info/siaran-pers/serap-2-4-juta-tenaga-kerja-kinerja-investasi-capai-rp-1-714-t

Mukti Fajar, Y. A. (2010). Dualisme Penelitian Hukum Notmatif dan Empiris, Yogyakarta. Pustaka Pelajar. Retrieved from https://mh.umy.ac.id/wp-content/uploads/2016/02/Dualisme-Penelitian-Hukum.pdf

Nubli, U. I., & Sivanantham, D. L. (2022a). Panduan Hukum Penanaman Modal. September. Retrieved from https://nasional.kontan.co.id/news/bahlil-lahadalia-beberkan-alasan-indonesia-jadi-negara-tujuan-investasi-asing

Nubli, U. I., & Sivanantham, D. L. (2022b). Panduan Hukum Penanaman Modal. September.

Regulation of the Minister of Education, Culture, Research, and Technology of the Republic of Indonesia Number 53 of 2023 concerning Quality Assurance of Higher Education, Ministry of Education, Culture, Research, and Technology of the Republic of Indonesia. (2023). Retrieved from https://peraturan.bpk.go.id/Details/265158/permendikbudriset-no-53-tahun-2023

Government Regulation Number 5 of 2021 Concerning Business Licensing. Retrieved from https://peraturan.bpk.go.id/Details/161835/pp-no-5-tahun-2021

Rahardjo, S. (2008). Membedah Hukum Progresif (F. M. I.Gede A.B. Wiranata, Joni emirzon (ed.); Edisi Keti).

RI, K. M. B. (2022). Laporan KInerja BKPM 2022.

Salim, H. S., & Sutrisno, B. (2008). Hukum investasi di indonesia. Raja Grafindo Persada

Sirwanto. (2020). Kebijakan Penanaman modal Asing (PMA) dan Dampak Kedaulatan Bangsa. AL-IMARAH: Jurnal Pemerintahan Dan Politik Islam, 5(1). Retrieved from https://ejournal.uinfasbengkulu.ac.id/index.php/alimarah/article/view/3414

Sornarajah, M. (2004). The International Law on Foreign Investment. Cambridge University Press

Statistik, B. P. (2023). Februari 2023: Tingkat Pengangguran Terbuka (TPT) sebesar 5,45 persen dan Rata-rata upah buruh sebesar 2,94 juta rupiah per bulan. Badan Pusat Statistik.

Statistik, B. P. (2024). Keadaan Ketenagakerjaan Indonesia Agustus 2024. In Badan Pusat Statistik (Vol. 11, Issue 84). Retrieved from https://www.bps.go.id/id/publication/2024/12/09/6f1fd1036968c8a28e4cfe26/keadaan-angkatan-kerja-di-indonesia-agustus-2024.html

Sudiyana, & Suswoto. (2018). Kajian Kritis Terhadap Teori Positivisme Hukum Dalam Mencari Keadilan Substantif. Qistie, 11(1), 107–136. https://doi.org/10.31942/jqi.v11i1.2225

Sutrisno, S. H. dan B. (2008). Hukum Investasi di Indonesia,. Rajawali Pers. Retrieved from https://simpus.mkri.id/opac/detail-opac?id=8447

TAP MPRS No. XXIII/MPRS/1966 tentang Pembaharuan Kebijakasanaan Landasan Ekonomi Keuangan dan Pembangunan, (1966). Retrieved from https://jdih.kemenkeu.go.id/dok/tap-xxiii-mprs-1966

Tejawati, D. N., Salviana, F. M., & Shanti Wulandari. (2023). Konsultasi Publik Sebagai Bentuk Perlindungan Hukum Kepada Masyarakat Dalam Pengadaan Tanah Oleh Bank Tanah Guna Penanaman Modal. Perspektif, 28(3), 193–205. https://doi.org/10.30742/perspektif.v28i3.917

1945 Constitution of The Republic of Indonesia. Retrieved from https://www.mkri.id/public/content/infoumum/regulation/pdf/UUD45%20ASLI.pdf

Law Number 25 of 2007 on the Capital investment, (2007). Retrieved from https://peraturan.bpk.go.id/Details/39903/uu-no-25-tahun-2007

Law Number 6 of 2023 on the Stipulation of Government Regulation in Lieu of Law Number 2 of 2022 concerning Job Creation into Law, (2023). Retrieved from https://peraturan.bpk.go.id/Details/246523/uu-no-6-tahun-2023

Vania Suardhana, C. (2019). Perlindungan Hukum Terhadap Penanaman Modal Asing pada Sektor Perkebunan di Indonesia. Jurnal Hukum Prasada, 6(1), 1–14. https://ejournal.warmadewa.ac.id/index.php/prasada

Waluyo, D. (2024, September). UMKM Indoensia Makn Kuat: ProgramLevel Up 2024 Siap Dorong Digitalisasi Bisnis. Retrieved from https://indonesia.go.id/kategori/editorial/8587/umkm-indonesia-makin-kuat-program-level-up-2024-siap-dorong-digitalisasi-bisnis

Wibowo, A. W., & Djaja, I. B. R. (2013). Kendala perizinan penanaman modal asing di Indonesia. Hukum Bisnis Fakultas Hukum Universiti Udayana

Zaidun, M. (2008). Paradigma baru Kebijakan Hukum Investasi Indonesia Suatu Tantangan dan Harapan. 38. Retrieved from http://repository.unair.ac.id/30814/1/PG.160-10 Zai p.pdf

DOI: https://doi.org/10.20961/yustisia.v14i1.83707

Refbacks

  • There are currently no refbacks.