Indonesia allows foreign investment in agriculture
JAKARTA June 7 (Reuters) - Indonesian will open up the agricultural sector to foreign investment and raise the level of foreign investment allowed in sectors including healthcare and transport, according to a presidential decree seen by Reuters on Monday.
Foreigners will be allowed to have a maximum ownership of 49 percent in staple food plantations such as rice, but Indonesia will keep a ban on investment in telecommunication towers despite pressure from foreign investors to open up that sector.
Foreigners will be allowed to have a maximum ownership of 49 percent in staple food plantations such as rice, but Indonesia will keep a ban on investment in telecommunication towers despite pressure from foreign investors to open up that sector.