ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
The second major announcement of the 16th economic stimulus package was the revision of the Negative Investment List, which was last updated in 2016 (see Related State Acts). The initial revision would improve the access for foreign investments for over fifty sectors.
However, since making the announcement, the government has been heavily criticised over the plans, particularly those opening up foreign investors to Indonesian SMEs. After initially insisting to go ahead with the plan, on 24 November 2018, the Indonesian Coordinating Minister for Economic Affairs announced a suspension to the reform pending consultations with the business associations.
Given that the implementation and scope of the revision of the Negative Investment List remains unclear, no sectors have been chosen as affected.
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