BKPM reviewing regulation on negative investment list

Kuala Lumpur (ANTARA News) - The Investment Coordinating Board (BKPM) is reviewing a regulation on the negative investment list (DNI), a move expected to increase investment in Indonesia.

"We are reviewing the presidential regulation on DNI particularly how to increase investment in the service sector," BKPM chief Franky Sibarani said on the sidelines of the ASEAN Summit at the Kuala Lumpur Convention Center (KLCC) on Sunday.

Franky said at APEC and ASEAN Summits participants have always raised the issue of how to make the service sector the pillar of economic growth in member states.

At ASEAN level, there are political, socio-cultural and economic pillars. Indonesia has now been 100 percent prepared for the first and second pillars, he said.

"It is just the economic pillar. There are many approaches in it. In terms of scoring, we have reached 94.1 percent. But the government looks at not only the scoring but also our preparedness to enter the economic sectors," he said.

Citing an example, he said the service sector still needs much preparations.

Regardless of the scoring approaches, the move is in line with the governments effort to turn Indonesia into a production hub to meet needs from ASEAN and Asian countries, he said.(*)

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