Indonesia on Thursday eased foreign investment restrictions for dozens of industries in what President Joko Widodo has described as a "Big Bang" liberalisation of Southeast Asia's largest economy.
Indonesia relaxed rules for international firms in various sectors, including agriculture, healthcare facilities, restaurants and movie theatres.
This was the first revision since 2014 to the so-called Negative Investment List, which spells out the sectors to which foreign investment restrictions apply.
Thursday's announcement was not all about opening up Indonesia's industries, however. Twenty sectors, including low-tech construction, were added to the list of industries with foreign investment restrictions.
FACTBOX-Indonesia eases restrictions on foreign investment
Indonesia relaxed rules for international firms in various sectors, including agriculture, healthcare facilities, restaurants and movie theatres.
This was the first revision since 2014 to the so-called Negative Investment List, which spells out the sectors to which foreign investment restrictions apply.
Thursday's announcement was not all about opening up Indonesia's industries, however. Twenty sectors, including low-tech construction, were added to the list of industries with foreign investment restrictions.
FACTBOX-Indonesia eases restrictions on foreign investment