KONTAN.CO.ID - JAKARTA. Indonesia's government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrictions on foreign investment in a bid to boost investment into its pandemic-hit economy. The new rules for the law, often referred to as the "omnibus law" because it changes more than 70 laws, remove Indonesia's negative investment list, which covers businesses not open to foreign investment, although still maintain caps on foreign investment in certain sectors. The new rules on investment were among dozens of regulations issued by the government late on Sunday to allow the implementation of the omnibus law.
Indonesia issues priority investment list under new regulation
KONTAN.CO.ID - JAKARTA. Indonesia's government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrictions on foreign investment in a bid to boost investment into its pandemic-hit economy. The new rules for the law, often referred to as the "omnibus law" because it changes more than 70 laws, remove Indonesia's negative investment list, which covers businesses not open to foreign investment, although still maintain caps on foreign investment in certain sectors. The new rules on investment were among dozens of regulations issued by the government late on Sunday to allow the implementation of the omnibus law.