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More sectors to be opened to foreign investors.

Asia Africa Intelligence Wire

| April 30, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Jakarta Post)

A government team established to formulate policies and guidelines to help jack up investment will soon finalize its on-going talks on opening up more sectors to foreign ownership.

Theo F. Toemion, the chairman of the Investment Coordinating Board (BKPM) and who also heads the team, told lawmakers at a hearing on Thursday that a concrete decision on the issue would soon be forthcoming as the plan had gained the support of all concerned.

"The plan is being supported by the business community and relevant institutions.

The details will be discussed later by the team, which will be presided over by the coordinating …

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