Indonesia lifts some foreign investment restrictions to boost COVID-hit economy

Indonesia lifts some foreign investment restrictions to boost COVID-hit economy

Photo: Nick Agus Arya/Unsplash

Indonesia’s government has issued a new regulation on investment following the passage of its job creation law last year, which includes the removal of some restrictions on foreign investment in a bid to boost investment into its pandemic-hit economy.

The new rules for the law, often referred to as the “omnibus law” because it changes more than 70 laws, remove Indonesia’s negative investment list, which covers businesses not open to foreign investment, although still maintain caps on foreign investment in certain sectors.

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