The government will immediately revise presidential regulation no. 44 of 2016 concerning Indonesia’s negative investment list which broadly aims to reduce current account deficit, improve financial stability, and stimulate growth, the official said Tuesday (Nov 12). In its place, the government will issue a positive investment list.
Coordinating Economic Minister Airlangga Hartarto said the positive investment list will later be issued in the form of presidential regulation that replaces the negative list policy. The government targets the regulation to be completed and ready to be published in January 2020.
The new policies will focus on restraining imports and expanding exports as well as boosting foreign investments in the country. As such, the measures will include tax incentives to attract foreign direct investment (FDI) and the opening up of several market sectors to foreign investment.