Sun, 07 Mar 2010
Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) is streamlining the country`s negative investment list (DNI) to avoid different interpretations among investors, its chairman Gita Wirjawan said.

"In the past four years the DNI has become a source of uncertainties because it is subject to multi-interpretations. We will streamline each of the sectors in it," he said on Friday.

Citing an example, he said a number of sectors still required legal policies in the form of joint agreements or ministerial decrees that confused investors.

"One thing which has never been found in the previous DNI is the telecommunication tower sector. A number of ministries and the BKPM have responded to it by issuing ad hoc policies which in principle restrict foreign ownership," he said.

He said the government opened the sector to foreign investment as widely as possible because it needed an investment of US$70 billion to US$80 billion per year.

"The other sector is the health sector which has so far been closed to foreign investment, except in Surabaya and Medan. In the future the sector everywhere in the country will be open to foreign ownership of up to 67 percent," he said.

After all, the government would ensure the availability of health facilities for the poor, he said.(*)



News Search/Filter
Transaction Rates
20 Oct 17
Buy
Sell
BTC1
76,899,550
76,899,550
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services