The Indonesian Government has released the long-awaited revision to its Negative Investment List (DNI). The revised regulation (Presidential Regulation No. 44/2016) was promulgated on 18 May 2016 and circulated to the public on 24 May. The DNI regulates the sectors which are closed, open, or conditionally open to investment. The DNI revision has been keenly awaited as it stipulates, amongst other matters, the relaxing of restrictions on foreign participation in various business activities in Indonesia.
To read more, please download copies of the advisories below. The unofficial translation of the Presidential Regulation No. 44/2016 can be downloaded here.