The New Negative Investment List

Presidential Regulation No. 39 of 2014 titled List of Business Fields that are Closed and Conditionally Open for Investment (“2014 Regulation”) was recently issued to revise the 2010 Negative Investment List (Daftar Negatif Investasi –  DNI).

The new DNI was issued to address specific domestic investment needs related to, and to accommodate, the soon to be operative 2015 ASEAN Economic Community (AEC). The AEC will be implemented under four main principles: free flow of goods, free flow of services, free flow of investment, and free flow of capital.[1]

To achieve this objective, the 2014 Regulation revises the components of the 2010 DNI that are classified as: a) closed for investment; and b) conditionally open for investment. The business fields regulated under the 2014 Regulation fall under the following sectors: