Indonesia may open e-commerce, movies to foreigners by 2016

Jakarta

INDONESIA plans to complete a review of its investment regime by the middle of next year, aimed at granting greater foreign ownership in industries ranging from e-commerce to luxury retirement homes.

The Indonesia Investment Coordinating Board has asked ministries and international chambers of commerce to suggest revisions to its "negative investment list", a lengthy document that regulates the extent of foreign ownership across the economy, said Azhar Lubis, deputy chairman for investment supervision at the agency. Films, along with other "creative industries" and horticulture are being considered in a "far-reaching review", he said on Friday.