Jakarta. Indonesia plans to introduce the revised version of its negative investment list to international businesses at the Asean-US Summit as part of a wider effort to lure foreign investment and boost capital inflows into the country, a senior official said on Monday (15/02).
"Featured sectors in the new list, which include the film industry, e-commerce, marketplaces and pharmaceutical businesses, will be the main attraction to invite foreign investment from the United States," Franky Sibarani, Indonesia's Investment Coordinating Board (BKPM) chairman, said in a statement.
Franky is part of President Joko Widodo's entourage who flew to the United States on Sunday to attend Association of Southeast Asian Nations-US Summit in Sunnylands, California.
The government released last week a new negative investment list, or DNI, which loosened the cap on foreign ownership in various sectors. The DNI previously used as a regulatory barrier to protect local players in a number of sectors against foreign-controlled companies.
Franky is scheduled to hold one-on-one meetings with companies planning to invest in Indonesia on the sidelines of the summit.
The United States, according to the BKPM, is one of Indonesia's major investment sources. Last year, investors from the US invested $893 million in Indonesia and promised to invest an addition $4.8 billion over the course of several years. That compared to a total of $29.28 billion foreign direct investment to Indonesia in 2015.
On the other hand, Indonesia is also ready to formally introduce its growing digital economy at the Asean-US Summit, Trade Minister Thomas Trikasih Lembong said.
"In the first day of this Summit, country leaders will be focused on issues related to the economy, especially the access to technology and digital economies, which will help improve the ability and competitiveness of Asean's small and medium enterprises," Thomas said in a statement on Monday.
"For Indonesia, this is part of our focus to improve the contribution of SMEs to gross domestic product," he added.
According to Foreign Minister Retno Marsudi, Joko and his Asean counterparts will have a chance to interact with business leaders from global technology companies during the summit, such as IBM, Microsoft and Sisco.
Franky is scheduled to hold one-on-one meetings with companies planning to invest in Indonesia on the sidelines of the summit.
The United States, according to the BKPM, is one of Indonesia's major investment sources. Last year, investors from the US invested $893 million in Indonesia and promised to invest an addition $4.8 billion over the course of several years. That compared to a total of $29.28 billion foreign direct investment to Indonesia in 2015.
On the other hand, Indonesia is also ready to formally introduce its growing digital economy at the Asean-US Summit, Trade Minister Thomas Trikasih Lembong said.
"In the first day of this Summit, country leaders will be focused on issues related to the economy, especially the access to technology and digital economies, which will help improve the ability and competitiveness of Asean's small and medium enterprises," Thomas said in a statement on Monday.
"For Indonesia, this is part of our focus to improve the contribution of SMEs to gross domestic product," he added.
According to Foreign Minister Retno Marsudi, Joko and his Asean counterparts will have a chance to interact with business leaders from global technology companies during the summit, such as IBM, Microsoft and Sisco.
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