Foreign investors allowed to have 100% shares in twenty five business units
The government can permit foreign investors to possess full possession in twenty five business units, among the fifty four business units that were off from the Negative Investment List (DNI) stipulated within the sixteenth policy package declared earlier in the week.
“So, the withdrawal of [54] business units from the negative investment list wasn't to ask foreign investors to require management [of the businesses],” aforementioned coordinative Economic Minister Darmin Nasution as quoted by kompas.com on Wednesday.
The policy, that was geared toward boosting foreign investment, was introduced amid the government’s efforts to slim the present account deficit and deficit, that had placed the Indonesian monetary unit in an exceedingly weak position against foreign currencies, notably the North American nation greenback.
Office of the coordinative Economic Minister secretary Susiwijono aforementioned the removal of the fifty four business units from the DNI was geared toward attracting foreign investors.
He aforementioned the ultimate DNI would be enclosed within the revision of Presidential Regulation No. 44/2017, expected to be issued in the week.
Among different business units, foreign investors are going to be allowed to require full possession in communication and data sectors. (bbn)
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