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Indonesia opens up some sectors to foreign ownership

JAKARTA -- President Joko Widodo has signed a highly anticipated regulation that will ease foreign ownership in dozens of business sectors in Indonesia -- including e-commerce, cold storage and distribution, restaurants, and the film industry.

Widodo on Tuesday said he signed the presidential regulation last week, and that he expected the new "negative investment list" to be effective within a week or two -- pending technical details from the Investment Coordinating Board, or BKPM.

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