TL;DR
Indonesia's Positive Investment List (PIL), established under Presidential Regulation No. 10/2021 (as amended by Presidential Regulation No. 49/2021), defines which business sectors are open to foreign dir
The Facts
Indonesia's Positive Investment List (PIL), established under Presidential Regulation No. 10/2021 (as amended by Presidential Regulation No. 49/2021), defines which business sectors are open to foreign direct investment through PT PMA (Perseroan Terbatas Penanaman Modal Asing) structures. The PIL replaced the previous Negative Investment List, shifting Indonesia's approach to a more open, priority-based framework aligned with the Omnibus Law (UU Cipta Kerja No. 11/2020). Under this framework, most sectors are presumed open unless explicitly restrict
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