Indonesia invites investors for airports, energy

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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