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Jakarta Post

Government set to revise negative investment list again

  • Anton Hermansyah
    Anton Hermansyah

    The Jakarta Post

Jakarta   /   Wed, June 21, 2017   /   01:43 pm
Government set to revise negative investment list again Coordinating Economic Minister Darmin Nasution (center), accompanied by Transportation Minister Budi Karya Sumadi (right) and Cabinet Secretary Pramono Anung, announces the 15th economic package at State Palace Jakarta on June 15. (JP/Anton Hermansyah)

Indonesia is set to revise the country’s negative investment list pending a technical meeting to be organized by the Coordinating Economic Ministry.

Regarding the new list, Economic Coordinating Minister Darmin Nasution hinted that there would be no change in the manufacturing sector.

“I don’t not remember one by one, I have to check again, maybe medicine is also included but not medicine ingredients like we had done before," he said at the State Palace

Read also: Indonesia focuses on internal reform to enhance investment climate

Darmin added that the meeting would also further discuss revising the negative investment list in the transportation and pharmaceutical sectors.

The list, announced in February last year as among stimuli mentioned in the economic policy package under the administration of President Joko “Jokowi” Widodo, includes fields of business that are open and closed to foreign investment with certain percentages of share ownership.

Under the current list, 35 industrial sectors, including transportation and pharmaceutical sectors, have been removed from the list.

Transportation Minister Budi Karya Sumadi said he planned to initiate a discussion on revising share ownership in airport management at the meeting.

He stressed that opening up the sector to foreign investors was crucial, as it would boost airport management service in Indonesia. (ika)