ASEAN KEY DESTINATIONS
Supporting regulation issued on negative investment list
The government has finally signed a regulation on the Negative Investment List ( DNI ), three months after the measure was announced in February.
The issuance of the regulation would provide certainty for investment in Indonesia, Investment Coordinating Board ( BKPM ) head Franky Sibarani said on Tuesday. The DNI lists fields of business that are open and closed to foreign investment with certain percentages of share ownership.
"Cold-storage, movies and pharmaceutical industries are the main sectors where investors wait and see. With the new DNI regulation, it is expected that they will immediately realize their interests," Franky said.
He added that Taiwanese, South Korean and Middle Eastern investors were among those who had expressed an interest in entering the movie business in Indonesia. "With the regulation, it is expected that they will proceed with the investment commitment by acquiring the licenses and beginning construction," he said.
Franky, who is currently on a working visit to the US, has met with businesspeople in the pharmaceutical sector and is scheduled to meet with the Motion Picture Association of America ( MPAA ).
"As for US investors, cooperation with members of the MPAA, an association of six renowned film producers in Hollywood, is currently being explored," he said.
MPAA members include Dreamworks, Warner Bros., Twenty-First Century Fox and Walt Disney. A Walt Disney team had paid several visits to the BKPM and Creative Economy Agency ( Bekraf ) offices in Jakarta, said Franky.
He expressed optimism that the DNI regulation would have a positive impact on the national investment target of Rp 594.8 trillion ( US$43.52 billion ) this year. "The certainty in the business field in Indonesia is expected to promote the realization of investment," he said.
The DNI is among stimuli mentioned in the 10th economic policy package released in February
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