2022 State Budget: Fiscal Policy and Structural Reform
Improving Investment Climate
...revision of the Negative Investment List in 2018
Introduction of New Foreign Ownership Regulation for Strategic Sectors
Sports Center,
Pharmaceutical Raw Materials
Manufacturing
Cold storage
Restaurants, Bars
Film Processing Lab, Crumb Rubber
Before
After
Before
After
Before
After
Before
After
33%
100%
100%
49%
100%
51%
85%
100%
Key Reforms in Negative Foreign
Investment List
Revision of "Partnership" category to
refer to partnership with Micro, Small
and Medium Enterprises (MSMEs)
Grandfather Law: If a particular sector
is tightened in future, existing foreign
investor does not need to comply with
tighter stake
Strengthen implementation of
negative investment law through
active roles from ministries, agencies
and regional governments
1 For total project value of IDR10bn and above
Source: Investment Coordinating Board (BKPM)
Toll Road Operator,
Telecommunication Testing Company
Before
After
100%
95%
Distribution, Warehousing
Before
After
Private Museum, Catering, apparel
Manufacturing, Exhibitions &
Conventions
Before
After
67%
67%
51%
33%
Telecommunication Provider
with Integrated Services
Professional Training, Golf Course Management, Air
Transport Support Services, Travel Bureau
Consultancy for Construction¹
Before
After
Before
After
Before
After
49%
67%
67%
67%
55%
65%
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