Indonesia\u2019s Investment Coordinating Board, or BKPM, plans to replace its negative investment list with an \u201cinvestment guideline\u201d
\nby April, in a move to boost capital inflows into the country.<\/p>\n
\"We used to call it negative investment list, but we only completely restrict a small number of industrys in the list. Most
\nindustries are open to foreign investment,\u201d Franky Sibarani, the BKPM chairman, said in Jakarta on Tuesday.<\/p>\n
The BKPM has since October been taking suggestions from businesses and the public about possible revisions to the list, which
\nwas initially drawn up to protect local businesses considered critical or strategically important for the economy against
\nforeign competition with much more capital.<\/p>\n
The BKPM has already hinted at opening up several of those sectors to foreign investment and ownership, including traditional
\nmedicines and cinemas, while restricting others, such as home appliance manufacturing and acupuncture services.<\/p>\n
\u201cWe\u2019ll review [the existing restrictions] because there are many new services, like funeral services and elderly care,\u201d Franky said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bkpm-to-change-negative-investment-list-into-039guideline039", "image": "BKPM.png" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }