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No immediate plans to change DNI: Minister
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Coordinating Economic Minister Darmin Nasution (center) speaks in a press conference after a Cabinet meeting at the State Palace on Oct.15, 2015. (JP/Wienda Parwitasari)
T
he government has no plans to change the negative investment list (DNI) in the near future, Economic Coordinating Minister Darmin Nasution said on Monday, in spite of recent requests from US investors.
On Thursday, The American Chamber of Commerce (AmCham) called for the government to relax the list. Investment Coordinating Board (BKPM) chief Thomas Trikasih Lembong promised he would talk to other ministries regarding further revisions of the list. He said the government held open the possibility of a second, third or even fourth revision to the list.
Previously in May, President Joko “Jokowi” Widodo signed the first revision of the DNI during his administration.
"But not in the short term, there’s no plan to change the list right now," Darmin told The Jakarta Post in his office on Friday.
The DNI is usually revised every two years through a government regulation. The 2016 revision focused on the pharmaceutical and creative industries, while in the 2014 revision more flexibility was provided for power plant and electricity distribution, to support the government's electricity plans.
Lawmaker Azam Azman Natawijana, the deputy chairman of Commission VI at the House of Representatives, said Indonesia could add more flexibility to the DNI. However it is not possible to abolish it.
"The DNI was created to protect Indonesia’s vital resources as well as local small players. If the investors want to enter restricted investment areas, we suggest they work with local partners," he said. (evi)
