Saturday, July 7, 2007

Negative list

... It's true these sectors -- telecommunications and insurance -- became more restrictive, with foreign ownership in telecommunication companies (telcos) now restricted to 65 percent for mobile services and 49 percent for fixed network, with the insurance industry at 80 percent.
In reality, foreign ownership in a number of telcos is way above 65 percent, including in Excelcomindo Pratama (70 percent), Hutchinson CP Telecom Indonesia (100 percent) and Natrindo (90 percent). [more, thejakartapost]

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