Jakarta: Minimum Monthly Wage Set at IDR 4.9-Million

Antara News are reporting that the Jakarta provincial government has issued Gubernatorial Decree No.1153 of 2022 on the 2023 Provincial Minimum Wage (UMP) which has been set at IDR 4,901,798 (approx. USD 311.6) per month for workers with an employment length of less than a year.

Acting Governor Heru Budi Hartono announced the policy through the Jakarta Legal Documentation and Information Network (JDIH) accessed on Monday, say Antara News.

Meanwhile, for workers, with an employment length of more than one year, companies are required to arrange and implement a wage structure and scale by seeing the workers’ ability and productivity as a guideline.

The policy, which will take effect from January 1, 2023, is also followed by assistance programmes for increasing workers’ welfare that applies to the workforce with Jakarta ID cards and is not limited by the length of employment.

The policies to improve workers’ welfare include assistance in transportation services, provision of food at low prices, and personal education costs. In the previous year’s UMP policy, the workers’ welfare policy was provided to help reduce the cost of living, report Antara News.

In determining the UMP, the provincial government also reduces transportation costs in Jakarta, which is said to account for 30-percent of a household’s total spending.

In terms of reducing the education costs, the Jakarta Smart Card (KJP) is given to children of eligible workers.

Provision of cheap food can be done through co-operatives managed by labour workers’ associations whose food needs are supplied by Jakarta province-owned market management company PD Pasar Jaya.

Earlier, Head of the Jakarta Manpower, Transmigration, and Energy Office Andri Yansah explained that the increase in UMP had reached 5.6-percent.

Yansah also noted that calculations of the 2023 UMP were referring to the 2022 UMP, which was IDR 4.6-million (approx. USD 292.5) per month or in accordance with Gubernatorial Decree No. 1517 of 2021.

Source: Antara News

Latest Article
IKN Investment Surpasses IDR 1 Trillion in Foreign Funding
Indonesia’s New Capital IKN or Ibu Kota Nusantara has reached a remarkable milestone, attracting...
Indonesia's Mining Sector Key to 8% Economic Growth
Indonesia’s mining sector plays a pivotal role in the country’s economic future. The Prabowo-Gibran administration...
Minister: Three Trends to Drive Creative Economy in 2025
In a written statement released on Saturday (21/12/24,) Indonesia’s Creative Economy Minister,...
China Promises More Investments in Indonesia
According to reporting from Antara News, Rosan Roeslani, Indonesia’s minister of Investment and Downstreaming...
Indonesia's Golden Visa Spurs IDR 9 Trillion in Funds
Indonesia’s Golden Visa has proven to be a significant economic driver, with 471 visas issued between...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.

Contact Our Consultants

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.