Indonesia is set to revise the country’s negative investment list pending a technical meeting to be organized by the Coordinating Economic Ministry.
Regarding the new list, Economic Coordinating Minister Darmin Nasution hinted that there would be no change in the manufacturing sector.
“I don’t not remember one by one, I have to check again, maybe medicine is also included but not medicine ingredients like we had done before,” he said at the State Palace
Darmin added that the meeting would also further discuss revising the negative investment list in the transportation and pharmaceutical sectors.
The list, announced in February last year as among stimuli mentioned in the economic policy package under the administration of President Joko “Jokowi” Widodo, includes fields of business that are open and closed to foreign investment with certain percentages of share ownership.
Under the current list, 35 industrial sectors, including transportation and pharmaceutical sectors, have been removed from the list.
Transportation Minister Budi Karya Sumadi said he planned to initiate a discussion on revising share ownership in airport management at the meeting.
He stressed that opening up the sector to foreign investors was crucial, as it would boost airport management service in Indonesia.