New Investment Bill passed

The Indonesian Parliament passed a new investment Bill on 29 March 2007. The new Bill will replace the existing investment laws, i.e. the 1967 Foreign Investment Law and the 1968 Domestic Investment Law.

The Bill is designed to ensure equal treatment to domestic and foreign investor, prevent the government from nationalizing foreign corporations and allow foreign investors to repatriate their capital. The Bill will, however, allow Parliament and the g…