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The 10 Stimulus Package Opens Wider Room for Foreign Investors

By administrator | February 12, 2016 | Investment.

Indonesia government yesterday has announced the 10th  policy package which allows foreign investors to own greater stakes on some key sectors in Indonesia. Foreign investors will be allowed to hold 100% stakes in cold storage industry, pharmaceutical raw material manufacturing, restaurants, toll road services and cinemas. While the government also raise the maximum limit of foreign ownership in some sectors including health and airport services which will be raised to a high 67% from previous 49% stake. The rule is aimed to increase employment and attract higher foreign direct investment in order to offset weaker export. In addition, Jokowi expects GDP growth to expand 7% by 2019 and targets 5.3% growth this year.

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