Small business still out: BKPM<\/p>\n
JAKARTA (JP): State Minister for Investment Sanyoto
\nSastrowardoyo said yesterday that business activities reserved
\nfor small-scale businesses would remain closed to foreign
\ninvestment.<\/p>\n
\"Like the retail sector, business activities especially
\nreserved for small companies remain closed to foreign
\ninvestment,\" he said.<\/p>\n
Minister for Cooperatives and Small Enterprises Subiakto
\nTjakrawerdaya expressed concern last week over a statement made
\nby Sanyoto concerning his office's efforts to encourage foreign
\ninvestors, particularly from Japan, to establish light industries
\nin Indonesia. Subiakto said an influx of foreign investors into
\nlight industries could hurt small local companies, which were
\nfacing problems, he said, not only in financing but also in
\nmarketing and management.<\/p>\n
Sanyoto, also chairman of the Investment Coordinating Board,
\nsaid yesterday that the existing investment regulations clearly
\nspecified which business sectors foreign investors may enter.<\/p>\n
\"We have no plans to change the present investment
\nregulations,\" he said following a ministerial coordinating
\nmeeting on trade, finance, investment and industry.<\/p>\n
The government's June 1994 foreign investment deregulation.
\npackage abolished minimum investment requirements and removed
\ndivestment requirements in all but the infrastructure sector.<\/p>\n
Sanyoto said that foreign investors were barred only from
\nentering business sectors on the negative list for foreign
\ninvestment and those reserved for small domestic companies.<\/p>\n
The special business activities reserved for small domestic
\ncompanies are mainly handicrafts, such as the production of
\nsouvenirs and hand-made batik garments.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/small-business-still-out-bkpm-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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