Mon, 01 Mar 2010

The planned revisions to the negative investment list will not be enforced retroactively, according to Finance Minister Sri Mulyani Indrawati.

The government is finalizing a revision of the 2007 presidential decree that bans or limits foreign investment in certain sectors. But Sri Mulyani said existing foreign investors would not be affected by the changes.

“There is a grandfather [clause] for foreign investors who entered before this new policy came into effect,” she said.