Indonesia Seeks Public Submissions for Revised Negative Investment List

Indonesia's Investment Coordinating Board, of BKPM, postpones the first half 2016 foreign direct investment realization report to an undecided date as President Joko Widodo made the call on Wednesday (27/07) to revise his cabinet for the second time during his tenure.. (ID Photo/David Gita Roza)

By : Reuters | on 1:33 PM October 16, 2015
Category : Business, Economy

Jakarta.  Indonesia's investment board is scheduled to begin a review on Friday of the country's negative investment list - a list of sectors restricted to foreign funds.

The board is calling for public suggestions for a government plan to revise its negative investment list, the board's chief said on Friday.

"We will be more open to investment in manufacturing, forestry, etcetera. We will be waiting for suggestion," Franky Sibarani, investment board chief, told reporters. Public submissions will be accepted until Oct. 31.

Indonesia's chief economics minister Darmin Nasution has previously said a revision to the negative investment list will be part of economic stimulus measures that the government is rolling out.

The last revision to the negative list - which lists sectors restricted to foreign funds - was done in 2014 and was seen by many as less investor-friendly.



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