Tue Dec 24, 2013 1:40am EST
<span id="articleText"/>(Corrects to reflect rules unchanged for airports, toll roads)
<span id="midArticle_0"/>JAKARTA Dec 24 (Reuters) - Indonesia announced on Tuesday it will allow increased levels of foreign investment in the country's power plants, advertising and pharmaceutical industries as part of government efforts to boost the slowing economy.
<span id="midArticle_1"/>President Susilo Bambang Yudhoyono's administration amended its "negative investment list" of sectors in which foreign investors are either barred or restricted. The list, which has existed for decades, limits foreign involvement in areas deemed sensitive.
<span id="midArticle_2"/>"The commitment is to maintain Indonesia's economic growth and anticipating a slowdown in the global economy by encouraging investment, particularly in domestic and foreign investment," Chief Economic Minister Hatta Rajasa told reporters.
<span id="midArticle_3"/>Under the new policy, the government increased the maximum foreign investment in pharmaceutical companies to 85 percent from 75 percent and advertising to up to 51 percent, said Investment Chief Mahendra Siregar.
<span id="midArticle_4"/>The government maintained foreign investment regulations at a maximum of 49 percent for airports and 95 percent for toll roads.
<span id="midArticle_5"/>Details for the other industries are expected to be announced later on Tuesday.
<span id="midArticle_6"/>(Reporting by Rieka Rahadiana; Writing by Randy Fabi; Editing by Simon Cameron-Moore)
<span id="midArticle_7"/>
<span id="articleText"/>(Corrects to reflect rules unchanged for airports, toll roads)
<span id="midArticle_0"/>JAKARTA Dec 24 (Reuters) - Indonesia announced on Tuesday it will allow increased levels of foreign investment in the country's power plants, advertising and pharmaceutical industries as part of government efforts to boost the slowing economy.
<span id="midArticle_1"/>President Susilo Bambang Yudhoyono's administration amended its "negative investment list" of sectors in which foreign investors are either barred or restricted. The list, which has existed for decades, limits foreign involvement in areas deemed sensitive.
<span id="midArticle_2"/>"The commitment is to maintain Indonesia's economic growth and anticipating a slowdown in the global economy by encouraging investment, particularly in domestic and foreign investment," Chief Economic Minister Hatta Rajasa told reporters.
<span id="midArticle_3"/>Under the new policy, the government increased the maximum foreign investment in pharmaceutical companies to 85 percent from 75 percent and advertising to up to 51 percent, said Investment Chief Mahendra Siregar.
<span id="midArticle_4"/>The government maintained foreign investment regulations at a maximum of 49 percent for airports and 95 percent for toll roads.
<span id="midArticle_5"/>Details for the other industries are expected to be announced later on Tuesday.
<span id="midArticle_6"/>(Reporting by Rieka Rahadiana; Writing by Randy Fabi; Editing by Simon Cameron-Moore)
<span id="midArticle_7"/>
- Link this
- Share this
- Digg this
- Reprints
via Smart Health Shop Forum http://feedproxy.google.com/~r/SmartHealthShopForum/~3/W6GFA99BXO4/16148-corrected-indonesia-opens-pharma-power-more-foreign-investment.html
No comments:
Post a Comment