KONTAN.CO.ID - JAKARTA. The government will allow foreign investors to have full ownership in 25 business units, among the 54 business units that were removed from the Negative Investment List (DNI) stipulated in the 16th economic policy package announced earlier this week. “So, the withdrawal of [54] business units from the negative investment list was not to invite foreign investors to take control [of the businesses],” said Coordinating Economic Minister Darmin Nasution as quoted by kompas.com on Wednesday. The policy, which was aimed at boosting foreign investment, was introduced amid the government’s efforts to narrow the current account deficit and trade deficit, which had placed the rupiah in a weak position against foreign currencies, particularly the US dollar.
Foreign investors allowed to own 100% shares in 25 business units
KONTAN.CO.ID - JAKARTA. The government will allow foreign investors to have full ownership in 25 business units, among the 54 business units that were removed from the Negative Investment List (DNI) stipulated in the 16th economic policy package announced earlier this week. “So, the withdrawal of [54] business units from the negative investment list was not to invite foreign investors to take control [of the businesses],” said Coordinating Economic Minister Darmin Nasution as quoted by kompas.com on Wednesday. The policy, which was aimed at boosting foreign investment, was introduced amid the government’s efforts to narrow the current account deficit and trade deficit, which had placed the rupiah in a weak position against foreign currencies, particularly the US dollar.
