Jokowi to lead Cabinet meeting

JAKARTA. President Joko “Jokowi” Widodo is scheduled to lead a limited Cabinet meeting on the negative investment list at his office on Tuesday.

It was previously reported that the government intended to revise the negative investment list, particularly by allowing foreign-established e-commerce companies to do business in the country in a bid to attract funding for local e-commerce players.

The inclusion of e-commerce on the negative list has been questioned by a number of parties that claim it would cut off the access of local e-commerce players to capital. Under Presidential Regulation No. 39/2014, e-commerce is among the sectors closed to foreign investment, requiring e-commerce businesses to be wholly owned by local players.

The negative investment list is subject to review every two years, meaning the 2014 list will be reviewed in April 2016.

Prior to the Cabinet meeting, Jokowi is set to meet with National Nuclear Energy Agency (Batan) head Djarot Sulistyo Wisnubroto and Indonesian Child Protection Commission (KPAI) committee members at the State Palace in Jakarta.