Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Andin Aditya Rahman
The Economic Coordination Meeting (Rapat Koordinasi Perekonomian) has decided to open additional sectors that are currently closed to foreign investment under Presidential Regulation No. 36 of 2010 on the Negative Investment List.
The Meeting has decided that airports and harbors can now be fully owned by foreign investors. Foreign investors are also given freedom to make investments into goods and land terminals, and advertising.
In commenting on the decision, Mahendra Siregar, Chairman of the Indonesian Investment Coordinating Board (BKPM), said that this does not mean the ownership of airports and harbors can be transferred to foreign entities. Ownership of these facilities will be retained by PT. Pelindo and PT. Angkasa Pura.
He also added that the Government will also ease foreign shareholding restrictions in other industries including the pharmaceutical industry, nature tourism, film distribution, financial institutions, motor vehicle testing, and telecommunications.
Hatta Radjasa, Coordinating Minister for Economic Affairs, added that the alcoholic beverage business sector will also be more open to foreign investors. However, Hatta asserted that this will only apply to veteran foreign investors.
“We will not grant permits for newcomers,” he stated after the Economic Coordination Meeting in Jakarta last Wednesday.
Hatta also asserted that the eased provisions on foreign investment in alcoholic beverage related businesses will only apply for hotel services related purposes.
It appears more than a coincidence that this change in policy by the Government occurred not long after the House of Representatives commenced discussions on the Alcoholic Beverage Draft Bill in March this year (ILD No. 298).
In relation to the nature tourism and film distribution sectors, Mari Elka Pangestu, the Minister of Tourism and the Creative Economy, stated that liberalization in these sectors will be subject to further study.
“That is indeed what is proposed and the effects will be studied,” stated Mari.
For investment into nature tourism projects, Mari continued, any foreign investment will need to comply with applicable environmental regulations.
Danni Hassan, President and CEO of Nusantara Infrastructure, applauded the government’s intention in open these sectors that were previously closed under the negative investment list. He asserted, however, that foreign involvement in the newly opened sectors will be limited to operational roles.
“Ownership is different. A lot of airports in the world, such as Sydney and England, are operated by Spain. They are not operated locally,” stated Danni.
(hot/kc)
Fitri Novia Heriani, Andin Aditya Rahman
The Economic Coordination Meeting (Rapat Koordinasi Perekonomian) has decided to open additional sectors that are currently closed to foreign investment under Presidential Regulation No. 36 of 2010 on the Negative Investment List.
The Meeting has decided that airports and harbors can now be fully owned by foreign investors. Foreign investors are also given freedom to make investments into goods and land terminals, and advertising.
In commenting on the decision, Mahendra Siregar, Chairman of the Indonesian Investment Coordinating Board (BKPM), said that this does not mean the ownership of airports and harbors can be transferred to foreign entities. Ownership of these facilities will be retained by PT. Pelindo and PT. Angkasa Pura.
He also added that the Government will also ease foreign shareholding restrictions in other industries including the pharmaceutical industry, nature tourism, film distribution, financial institutions, motor vehicle testing, and telecommunications.
Hatta Radjasa, Coordinating Minister for Economic Affairs, added that the alcoholic beverage business sector will also be more open to foreign investors. However, Hatta asserted that this will only apply to veteran foreign investors.
“We will not grant permits for newcomers,” he stated after the Economic Coordination Meeting in Jakarta last Wednesday.
Hatta also asserted that the eased provisions on foreign investment in alcoholic beverage related businesses will only apply for hotel services related purposes.
It appears more than a coincidence that this change in policy by the Government occurred not long after the House of Representatives commenced discussions on the Alcoholic Beverage Draft Bill in March this year (ILD No. 298).
In relation to the nature tourism and film distribution sectors, Mari Elka Pangestu, the Minister of Tourism and the Creative Economy, stated that liberalization in these sectors will be subject to further study.
“That is indeed what is proposed and the effects will be studied,” stated Mari.
For investment into nature tourism projects, Mari continued, any foreign investment will need to comply with applicable environmental regulations.
Danni Hassan, President and CEO of Nusantara Infrastructure, applauded the government’s intention in open these sectors that were previously closed under the negative investment list. He asserted, however, that foreign involvement in the newly opened sectors will be limited to operational roles.
“Ownership is different. A lot of airports in the world, such as Sydney and England, are operated by Spain. They are not operated locally,” stated Danni.
(hot/kc)