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#67475 - 03 Jan 08 14:57 ANT/Govt imposes restrictions on foreign retailing companies
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Indonesia imposes restrictions on foreign retailing companies

Jakarta (Antara News/Asia Pulse) - A new presidential regulation imposes restrictions on foreign retailing companies allowing them to operate only in hypermarkets to protect Indonesia's local retailing industry.

Under the regulation foreign retailing companies are not allowed to have supermarkets with floor space of less than 1,200 square meters and department stores with floor space of less than 2,000 square meters.

The regulation is part of the new Investment Negative List, which bans foreign investors from operating in 47 business areas in the country.
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#67476 - 03 Jan 08 15:22 Re: ANT/Govt imposes restrictions on foreign retailing companies [Re: KuKuKaChu]
chewwyUK Offline
Pujangga

Registered: 14 Sep 06
Posts: 2392
Loc: Jakarta
no matter how many times I read stuff like this it still astounds me. The only people that suffer when restrictions are imposed is the Indonesian consumer

Out of interest how does this effect the buyout of Alfa Mart?
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Edited by Piss Salon
Edit Reason: taste

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#67477 - 03 Jan 08 15:32 Re: ANT/Govt imposes restrictions on foreign retailing companies [Re: KuKuKaChu]
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
clearly the brats in KADIN are crying about having to compete with properly managed enterprises. they want carte blanche to rip off the indonesian consumer. how many times can a country shoot itself in the foot?
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KuKuKaChu: dangerously too sophisticated

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#67478 - 03 Jan 08 15:57 Re: ANT/Govt imposes restrictions on foreign retailing companies [Re: KuKuKaChu]
Roy's Hair Offline
Pujangga Besar

Registered: 08 Nov 06
Posts: 3974
Loc: jakarta
I just wish the government would make its frigging mind up. First Kalla's calling all foreign investors pussies for not having the guts to invest here and now this. They haven't a clue. Investment Negative List? Jesus.
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#67479 - 03 Jan 08 16:24 Re: ANT/Govt imposes restrictions on foreign retailing companies [Re: Roy's Hair]
chewwyUK Offline
Pujangga

Registered: 14 Sep 06
Posts: 2392
Loc: Jakarta
What this country needs is a Tony Blair to bring a bit of consistency to the government message
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Edited by Piss Salon
Edit Reason: taste

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