JAKARTA, Feb. 25 (UPI) -- Indonesia's new environmental law could result in a 40 percent drop in the country's oil and gas production. The law, passed last year, requires businesses to secure environmental permits before launching their operations.

Investment Coordinating Board chairman Gita Wirjawan revealed here on Thursday that the government would push ahead with its plan to open the telecommunications towers to foreign investment to help the telecommunications industry grow faster to keep up with soaring demand.

Indonesia is inviting more foreign investment into the healthcare and education sectors in a bid to improve services as well as the quality of Indonesian human resources, according to Investment Coordinating Board chairman Gita Wirjawan. Speaking before U.S. businesspeople in Washington D.C.