The government has not received any formal proposals to tighten foreign ownership limits of companies in certain sectors, an official said Wednesday (18\/4\/07).<\/p>\n
"There's no decision on it, and we are still far away from a decision," National Investment Coordinating Board (BKPM) chairman Muhammad Lutfi told Dow Jones Newswires. "There's nothing to worry about."<\/p>\n
Bisnis Indonesia reported Wednesday that several departments have proposed such policies.<\/p>\n
Several analysts said President Susilo Bambang Yudhoyono is unlikely to accept such proposals as they contradict the government's efforts to boost foreign direct investment in the country.<\/p>\n
"I don't see the government is moving toward that direction," said Mirza Adityaswara, head of research at PT Credit Suisse Indonesia.<\/p>\n
Standard Chartered economist Fauzi Ichsan said such restrictions are against a new investment law that aims to create a "level playing field" between foreign and local investors.<\/p>\n
Parliament last month passed the law, which allows the government to give various tax and non-tax facilities to local and foreign investors to improve the investment climate in the country.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/no-stricter-foreign-stake-limit-proposals-bkpm-1177327373", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }