Govt imposes restrictions on foreign retailing companies
Jakarta (ANTARA News/Asia Pulse) - A new presidential regulation imposes restrictions on foreign retailing companies allowing them to operate only in hypermarkets to protect Indonesia's local retailing industry.
Under the regulation foreign retailing companies are not allowed to have supermarkets with floor space of less than 1,200 square meters and department stores with floor space of less than 2,000 square meters.
The regulation is part of the new Investment Negative List, which bans foreign investors from operating in 47 business areas in the country.
Under the regulation foreign retailing companies are not allowed to have supermarkets with floor space of less than 1,200 square meters and department stores with floor space of less than 2,000 square meters.
The regulation is part of the new Investment Negative List, which bans foreign investors from operating in 47 business areas in the country.