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View all search resultsMany believe the current FDI policies have resulted in foreign investors controlling a noteworthy portion of the nation’s strategic assets, especially in sectors such as energy and mineral resources, infrastructure and transportation.
The law states that all business sectors are open to foreign direct investment (FDI) as well as domestic direct investment (DDI), with the exception of six prohibited sectors and businesses that can be carried out by the government.
Coordinating Economic Minister Airlangga Hartarto said several sectors that could strengthen Indonesia’s value added chains were proposed to be included in the priority list, including the coal gasification, automotive and electronic sectors.
The Office of the Coordinating Economic Minister has revived a discussion about relaxing the negative investment list (DNI) following a recent speech in which President Joko “Jokowi” Widodo stressed the need to attract more investment to the country.
Indonesia plans to open up more sectors to foreign investors and reboot its stringent labor laws to become a regional manufacturing powerhouse rivaling Germany and South Korea, according to Industry Minister Airlangga Hartarto.
After prompting protests from lobby groups and sparking political controversy, the government is being more cautious in revising the negative investment list (DNI), which is part of the 16th economic policy package announced in mid-November.
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