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Indonesia intensifies foreign investment attraction

The Indonesian Government will loosen regulations and open some sectors in a bid to attract more foreign investors.
The Indonesian Government will loosen regulations and open some sectors in a bid to attract more foreign investors.

Investment Coordinating Board (BKPM) chairman Mahendra Siregar said thegovernment is finalising new regulations on the investment list, whichwill include five new sectors that will be open to foreign investors.

The increase of foreign roles in the management ofairports and other public facilities is aimed at attracting privateinvestors to infrastructure projects that are included in thegovernment’s Public – Private Partnership (PPP) scheme, Mahendra Siregarsaid.

The government will also ease regulations on 10business sectors for foreign investors, including pharmaceuticals,financial services in venture capital, telecommunication, and mobilephones.

It is hoped that the loosening will helprealise the investment target of 450 trillion Rupiah (39.6 billion USD)in 2014, he added.-VNA

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