Presidential Regulation No. 44 of 2016 regarding the List of Business Fields that Are Closed and Business Fields that Are Conditionally Open for Investment (the 2016 Negative Investment List or 2016 DNI) replaces the 2014 Negative Investment List or 2014 DNI, and was made public on May 24, 2016.
The 2016 Negative Investment List refers to business lines and code numbers set forth in the Indonesian Standard Industrial Classification of 2015 (the KBLI). The 2016 Negative Investment List liberalizes some areas of foreign investment in Indonesia, including foreign investment from ASEAN countries.
However, it is also true that the 2016 DNI does not contain the dramatic changes that had been anticipated by some members of the foreign investment community.