Foreigners can own up to 67% of Indonesian healthcare firms

 12-Feb-16, The Straits Times 

Foreigners will be allowed to own a majority stake of up to 67 per cent of businesses in Indonesia's healthcare and transport sectors, as part of sweeping reforms to liberalise its economy. Rules over other sectors that involve sovereignty issues will also be relaxed, but with caps of 49 per cent in foreign ownership.

Image: AFP

Indonesia is freeing up more businesses for foreign investors in a bid to rejuvenate its economy and raise the competitiveness of local enterprises. Caps on foreign ownership under a "negative investment list" (DNI) will be eased, many for the first time in recent years.

This means a ban on foreigners taking up a stake in businesses that support the healthcare sector, for instance, will finally be lifted. In some businesses in healthcare and transport, foreign investors will be able to own a majority stake of up to 67 per cent.

Industry experts and analysts largely welcomed the move to liberalise Indonesia's market, with the healthcare sector particularly holding much promise.

 Read the full article  

 Insights