JAKARTA. President Joko “Jokowi” Widodo is scheduled to lead a limited Cabinet meeting on the negative investment list at his office on Tuesday. It was previously reported that the government intended to revise the negative investment list, particularly by allowing foreign-established e-commerce companies to do business in the country in a bid to attract funding for local e-commerce players. The inclusion of e-commerce on the negative list has been questioned by a number of parties that claim it would cut off the access of local e-commerce players to capital. Under Presidential Regulation No. 39/2014, e-commerce is among the sectors closed to foreign investment, requiring e-commerce businesses to be wholly owned by local players.
Jokowi to lead Cabinet meeting
JAKARTA. President Joko “Jokowi” Widodo is scheduled to lead a limited Cabinet meeting on the negative investment list at his office on Tuesday. It was previously reported that the government intended to revise the negative investment list, particularly by allowing foreign-established e-commerce companies to do business in the country in a bid to attract funding for local e-commerce players. The inclusion of e-commerce on the negative list has been questioned by a number of parties that claim it would cut off the access of local e-commerce players to capital. Under Presidential Regulation No. 39/2014, e-commerce is among the sectors closed to foreign investment, requiring e-commerce businesses to be wholly owned by local players.
