Foreign Investment in Indonesia: Opening Room for Foreign Ownership
The government of Indonesia is again opening room for foreign ownership in a number of sectors in an effort to boost economic expansion and reach the 7 percent year-on-year (y/y) gross domestic product (GDP) growth rate by 2019 as targeted by Indonesian President Joko Widodo. Examples of sectors that are to be opened for the full 100 percent to foreign ownership are the cold storage business, crumb rubber industry, sport-centers, film production industry, restaurants, raw materials for medicines, toll roads, and telecommunication equipment. These revisions are part of Indonesia's 10th economic stimulus package.