OVERVIEW

In anticipation of the ASEAN Economic Community (“AEC”) that will commence in December 2015, the Government has finally revised the 2010 Negative Investment List (Daftar Negatif Investasi – DNI) by issuing Presidential Regulation No. 39 of 2014 titled List of Business Fields that are Closed and Conditionally Open for Investment (“2014 Regulation”).

The 2014 Regulation is issued under its umbrella regulation on investment, Law No. 25 of 2007 on Investment (“Investment Law”), under which the Government must determine business sectors that are entirely or partially closed for investment.[1] In general, the 2014 Regulation revises the following 16 sectors in the Negative List, as it is called, as previously regulated under Presidential Regulation No 36 of 2010 (“2010 Regulation”):