Indonesia invites investors for airports, energy

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Jakarta towerIndonesia announced on December 24 that it will allow increased levels of foreign investment in the country’s airports, power plants, toll roads and pharmaceutical industries as part of government efforts to boost the slowing economy, Reuters reported.

President Susilo Bambang Yudhoyono’s administration amended its “negative investment list” of sectors in which foreign investors are either barred or restricted. The list, which has existed for decades, limits foreign involvement in areas deemed sensitive.

“The commitment is to maintain Indonesia’s economic growth and anticipating a slowdown in the global economy by encouraging investment, particularly in domestic and foreign investment,” Chief Economic Minister Hatta Rajasa said.

Under the new policy, the government increased the maximum foreign investment in pharmaceutical companies to 85 per cent from 75 per cent and advertising to up to 51 per cent.

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Reading Time: 1 minute

Indonesia announced on December 24 that it will allow increased levels of foreign investment in the country’s airports, power plants, toll roads and pharmaceutical industries as part of government efforts to boost the slowing economy, Reuters reported.

Reading Time: 1 minute

Jakarta towerIndonesia announced on December 24 that it will allow increased levels of foreign investment in the country’s airports, power plants, toll roads and pharmaceutical industries as part of government efforts to boost the slowing economy, Reuters reported.

President Susilo Bambang Yudhoyono’s administration amended its “negative investment list” of sectors in which foreign investors are either barred or restricted. The list, which has existed for decades, limits foreign involvement in areas deemed sensitive.

“The commitment is to maintain Indonesia’s economic growth and anticipating a slowdown in the global economy by encouraging investment, particularly in domestic and foreign investment,” Chief Economic Minister Hatta Rajasa said.

Under the new policy, the government increased the maximum foreign investment in pharmaceutical companies to 85 per cent from 75 per cent and advertising to up to 51 per cent.

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