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| , 21 January 2018 |
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BKPM Responds to Foreign Management of Indonesian Island
A logo of the Investment Coordinating Board (BKPM). TEMPO/Seto Wardhana
Wednesday, 11 January, 2017 | 21:12 WIB
BKPM Responds to Foreign Management of Indonesian Island

TEMPO.CO, Jakarta - Deputy of Capital Investment Planning of the Indonesian Investment Coordinating Board (BKPM) Tamba Hutapea said that foreign parties may manage a tourism or agriculture business in an Indonesian island. Tamba argued that both sectors are open for investment.

"Island management issue is not related with the negative investment list [DNI]. The DNI only regulates business sectors," Tamba said to Tempo on Wednesday, January 11, 2017.

Tamba made his statement in response to a plan raised by the Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan. Luhut previously stated that the government will allow foreign countries to manage islands within Indonesian territory to accelerate development.

Luhut said that the government hoped to attract more foreign tourists because foreign tourist visits could help increase state revenue. "But we will not sell the island," Luhut said last Monday, January 9, 2017.

Furthermore, Tamba said that the form of the island management scheme can be detailed later in the future.


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