Recent changes to Indonesia's revised Negative
Investment List have largely been positive, with relaxation being
the order of the day. In this briefing we look at some of the key
changes and their likely impact on foreign investors.
Negative Investment List
Foreign investment in Indonesia is regulated by a negative
investment list which is maintained by the Indonesian Investment
Coordinating Board (BKPM). The list is regularly reviewed and
updated to take into account policy reviews, legislative changes
and the prevailing economic landscape, among other things.
On 18 May 2016, a revised negative list (the Negative
Investment List), which was introduced by President
Regulation Number 44 of 2016, became effective. The new Negative
Investment List is the first since President Joko
"Jokowi" Widodo took office late in 2014. It had been the
subject of some anticipation in light of Jokowi's commitment to
public spending and economic growth, which was set against
