Indonesia allows foreign investment in agriculture

From: Reuters

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.

REUTERS/Indonesia allows foreign investment in agriculture