Govt to reduce number of sectors in negative investment list

Jakarta (Antara News) - The Indonesian government will slash the number of sectors on its negative investment list to attract more investors after the House of Representatives passed an investment bill into law on Thursday, an official said.

"Actually, only three sectors are highly regulated, namely transportation, broadcasting and energy," Capital Investment Coordinating Board (BKPM) Chief M Lutfhi said on Thursday.

He said he would discuss the matter with Coordinating Minister for Economic Affairs Boediono on Friday.

Assistant to the coordinating minister for economic affairs Edy Putra Irawady said the present negative investment list must be made more open to investment.

The plan to slash the number of sectors on the list would be adjusted to a plan to develop the industrial sector in the long run as recommended by the Industry Ministry, he said.

Liquor and arms industries are among those put on the negative list of investment. The sectors which were previously put on the list but are now open to investment under tight regulation are small and medium enterprises, among others.

Investment in the small and medium industry requires partnership with local enterpreneurs.(*)
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