Environmental concerns over Indonesia jobs bill

Global investors managing $4.1 trillion in assets have warned Indonesia’s government that a contentious job creation bill passed by parliament on Monday could pose new risks to the country’s tropical forests. In a letter, 35 investors expressed their concerns, including Aviva Investors, Legal & General Investment Management, the Church of England Pensions Board, Netherlands-based asset manager Robeco and Japan’s largest asset manager, Sumitomo Mitsui Trust Asset Management. — Reuters