Indonesia blacklists FDI
... The foreign-investment restrictions are by far the most maintained by any regional government and ironically come at a time when foreign direct investment (FDI) to Indonesia trails regional rivals - not to mention China.
According to Trade Minister Mari Pangestu, the ruling, which represents the first major revision in more than seven years, is designed to protect "national interests". As with the previous list, the provisions appear to apply only to FDI, and not to purchases of shares of companies listed on the local stock exchange. The new list will be in force for three years unless revised earlier by a government team tasked with regularly assessing the list. Business fields not covered by the decrees are open to investment unless otherwise closed by law. [more, atimes.com]
According to Trade Minister Mari Pangestu, the ruling, which represents the first major revision in more than seven years, is designed to protect "national interests". As with the previous list, the provisions appear to apply only to FDI, and not to purchases of shares of companies listed on the local stock exchange. The new list will be in force for three years unless revised earlier by a government team tasked with regularly assessing the list. Business fields not covered by the decrees are open to investment unless otherwise closed by law. [more, atimes.com]
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