BKPM Mulls Shielding Acupuncture Services From Foreign Investment

Franky Sibrani, the chief of Indonesia's Investment Coordinating Board (BKPM). (GA Photo/Mohammad Defrizal)

By : Vanesha Manuturi | on 2:10 PM October 25, 2015
Category : Business, Economy

Jakarta. Acupuncture services in Indonesia have been included as a possible revision of the government's negative investment list, a top government official at the country's Investment Coordinating Board (BKPM) has said, meaning foreign ownership of companies offering such services might be limited.

"We're still going to discuss that further, but we do have ample supply of acupuncture services in Indonesia. On top of that, limiting foreign investors from this sector could prevent undocumented acupuncture practices," Franky Sibarani, the head of the BKPM, said in a statement on Sunday.

Indonesia's negative investment list includes sectors in the country that are either open or off-limits to foreign investors in order to protect local businesses seen as critical or strategic for the economy.

BKPM has invited various stakeholders, from investors to ministerial bodies, to submit suggestions as it prepares to review the negative investment list this month.

So far, the agency has received recommendations from the Ministry of Fisheries and Maritime Affairs regarding cold-storage facilities and a recommendation regarding e-commerce from the Ministry of Communication and Information Technology.

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