The Indonesia government issued a revised Negative Investment list on 18 May 2016 as approved through Presidential Decree No. 44/2016. The new list replaces the list issued in May 2014 ({News-2014-05-21/A/2- previous coverage}). In general, the new list further opens up various sectors to foreign direct investment, although special licensing requirements may apply. Some of the main changes include:
Sectors further opened to foreign ownership:
- Airport services - 67% ownership permitted;
- Fix…