Indonesia will ease foreign ownership limits in many industries, including telecommunications and pharmaceuticals, and will open the door to new businesses, such as airport management, in an effort to support foreign direct investment needed to combat the economic slowdown.
Among the novelties is the possibility for foreign operators to have total control of airport management, currently closed to foreign entrepreneurs and controlled by state operators, such as PT Angkasa Pura and PT Pelindo. Other changes include a relaxation of property rules in the pharmaceutical, telecommunications, ecotourism and film distribution sectors.
Under the new rules, foreign investors will be able to hold up to 85% in pharmaceutical companies, 65% in telecommunications and up to 70% in ecotourism companies.
The recent economic slowdown experienced by the country is attributed to investment difficulties for foreign actors, a lack of economic reforms and bureaucracy. On the eve of the 2014 general election, Indonesia grew by 5,62% in the third quarter of the year, the weakest pace in the last four years.
http://www.thejakartapost.com/news/2013/11/07/door-widens-foreign-investors.html
