Section

Before

Now

Broad Sectoral Opening

PR 10/2021 stipulates that all business sectors are generally open to foreign investment unless explicitly closed or reserved for the central government. This shift marks a significant change from the previous DNI, which listed sectors that were either completely or partially closed to foreign investment.

All business sectors generally open to foreign investment unless explicitly closed or reserved for the central government. Significant shift from previous DNI.

Telecommunications and Digital Platforms

The telecommunications sector, which previously had stringent foreign ownership restrictions, is now open without conditions. Foreign investors can own up to 100% in various telecommunications activities, including fixed and mobile networks, internet service provision, and telecommunication content services. This liberalization is expected to drive growth and innovation in Indonesia’s digital infrastructure.

Sector now open without conditions. Foreign investors can own up to 100% in telecommunications activities, driving growth and innovation.

Healthcare and Pharmaceuticals

Significant changes have also been made in the healthcare and pharmaceutical sectors. The distribution of pharmaceutical products and the manufacturing of health equipment are now open to 100% foreign ownership. Private hospitals and main specialist clinics have seen the removal of previous ownership caps, encouraging greater foreign investment to address the healthcare sector’s challenges and disparities.

Distribution of pharmaceutical products and manufacturing of health equipment open to 100% foreign ownership. Private hospitals and specialist clinics no longer have ownership caps, encouraging foreign investment.

Section

Before

Now

Traditional Medicine and Health Equipment

Traditional medicine manufacturing remains closed to foreign ownership, while the distribution aspect is ambiguous. Manufacturing of Class A health equipment is fully open, provided it involves partnerships with cooperatives or MSMEs. Sophisticated equipment manufacturing is fully open 

Traditional medicine manufacturing closed to foreign ownership. Class A health equipment manufacturing fully open with cooperative or MSME partnerships. Sophisticated equipment manufacturing fully open 

Media and Broadcasting

Media and broadcasting sectors have seen selective liberalization. Newspaper, magazine, and bulletin publishing activities now allow up to 49% foreign ownership for publicly listed companies. Private and subscription-based broadcasting activities remain restricted, with a maximum of 20% foreign ownership still in place.

Newspaper, magazine, and bulletin publishing allow up to 49% foreign ownership for publicly listed companies. Private and subscription-based broadcasting restricted to 20% foreign ownership.

Infrastructure and Construction

The infrastructure sector, particularly telecommunication tower construction and maintenance, has been liberalized, allowing full foreign ownership. This is expected to support the rapid expansion of Indonesia’s telecommunications infrastructure, which is crucial for economic growth.

Telecommunication tower construction and maintenance liberalized, allowing full foreign ownership. Supports rapid expansion of telecommunications infrastructure.