Jakarta may open up ports, airports to foreign investors

[JAKARTA] Indonesian officials have proposed opening up more businesses to foreign investors, including operating the country's airports, as part of promised measures to give a lift to the slowing economy.

In August, the government said it would amend a "negative investment list" of sectors in which foreign investors are either barred or restricted. The list, which has existed for decades, limits foreign involvement in areas deemed sensitive.

Proposed changes in the limit were released yesterday by Coordinating Minister for Economic Affairs Hatta Rajasa and the head of Indonesia's investment board, Mahendra Siregar.