Thu, 26 Nov 2015
Indonesia’s Investment Coordinating Board, or BKPM, plans to replace its negative investment list with an “investment guideline” by April, in a move to boost capital inflows into the country.

"We used to call it negative investment list, but we only completely restrict a small number of industrys in the list. Most industries are open to foreign investment,” Franky Sibarani, the BKPM chairman, said in Jakarta on Tuesday.

The BKPM has since October been taking suggestions from businesses and the public about possible revisions to the list, which was initially drawn up to protect local businesses considered critical or strategically important for the economy against foreign competition with much more capital.

The BKPM has already hinted at opening up several of those sectors to foreign investment and ownership, including traditional medicines and cinemas, while restricting others, such as home appliance manufacturing and acupuncture services.

“We’ll review [the existing restrictions] because there are many new services, like funeral services and elderly care,” Franky said.





News Search/Filter
Transaction Rates
23 Jun 17
Buy
Sell
BTC1
36,012,419
36,012,419
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