Skip to main content

Indonesia will allow foreign investors to own a bigger proportion in the tourism sector in the latest revision of the "negative investment list", the chief of its investment board said on Wednesday.

Franky Sibarani told reporters that foreigners may be allowed to run big travel bureaus although they may still be required to partner with local businesses.

Foreigners will not be allowed to run small travel agencies or be guides, he added.

Indonesia's government is currently in the process of revising the negative list - a list of sectors restricted to foreign funds.

Related Articles

Other News

Corporate, trade and tax boutique Anagata Law Firm launches in Indonesia

by Nimitt Dixit |

Indonesia’s rapidly proliferating legal market has a new entrant as tax and trade attorney Riza Buditomo leaves the partnership at Armand Yapsunto Muharamsyah & Partners (AYMP) to launch Anagata Law Firm, which will focus on corporate, commercial, trade and tax work. 

Other News

Oon & Bazul partner trio depart to set up SG disputes boutique

by Asian Legal Business《亚洲法律杂志》 |

Three partners of Singapore’s Oon & Bazul, led by former commercial arbitration head Suresh Divyanathan, have left the firm to set up a new disputes-focused law firm called Dauntless Law Chambers.

Other News

SG: Helmsman launches IP, TMT practices with ex-Lee & Lee partner

by Asian Legal Business《亚洲法律杂志》 |

Singapore-based law firm Helmsman has launched new intellectual property (IP) and technology, media and telecommunications (TMT) practice groups with the appointment of Basil Lee as associate director.