Government to issue ‘positive investment list’ in February, says BKPM boss

first_imgCoordinating Economic Minister Airlangga Hartarto said in November last year that the government planned to change the existing negative investment list (DNI) into a positive investment list. The positive list will promote priority industries that are open to both foreign and domestic investments, such as import-substitution or export-oriented industries.Read also: Government to replace negative investment list with ‘positive list’ for priority industriesAt the time, the DNI contained a list of banned or limited foreign investment in certain business sectors to protect local companies. He also said in November that he expected the Perpres to be issued this year.The government is struggling to attract more investment into the country to help jack up sluggish economic growth. Indonesia’s economy grew 5.02 percent last year, the weakest since 2015, as investment and export cooled. Bahlil said on Wednesday that on the positive list, some sectors would still limit foreign ownership. “We want to create a positive image because a negative list sounds less comforting [for investors],” he said. “We are building an image that will help build foreign investors’ trust in us.”Bahlil had met with the Regional Representative Council (DPD) earlier that day to discuss the council’s initiative to formulate a bill that would ease the licensing process and improve coordination between the government and regional administrations.“The bill will lean more toward [tackling] the challenges that investors face on the regional level,” DPD Commission IV chairwoman Elviana said during the meeting in Jakarta.Read also: ‘Robots will replace everyone’: Investment boss changes tune after saying no one would hire womenDespite the government’s efforts to ease the process of doing business, such a reform often does not transmit to regional administrations as the latter require investors to go through different mechanisms to procure local licenses.Elviana said the council would complete the draft by the end of 2020 and aimed to list it in the 2021 National Legislation Program (Prolegnas).After the meeting, Bahlil declined to elaborate his stance on the issue, saying it was up to the lawmakers. Topics :center_img The government plans to issue at the end of this month a new investment list that will outline certain business sectors available for foreign direct investment, a high-ranking official has said.“The plan is to issue the list […] in the form of a Perpres [Presidential regulation] instead of in the omnibus bill,” Investment Coordinating Board (BKPM) head Bahlil Lahadalia said in Jakarta on Wednesday, referring to an omnibus bill on job creation proposed by the government to cut regulatory red tape.“If the Perpres is issued in February, it will take effect in March,” he added, declining to go into detail and revealing only that the list was still being discussed.last_img read more

Pellegrini: FFP led to Negredo exit

first_imgManchester City manager Manuel Pellegrini has revealed Financial Fair Play restrictions were the key factor in striker Alvaro Negredo’s departure. But City were under pressure to leave a senior player out of their Champions League squad having been limited to a reduced roster of just 21 by UEFA as punishment for breaching the European governing body’s FFP regulations. With Negredo sidelined until the end of October with a broken metatarsal he seemed an obvious candidate for omission for the first part of the season. This, combined with a desire from the player to return to Spain, led to City accepting an approach from Valencia. Pellegrini said: “The decision for Alvaro Negredo to go was for two very important reasons. “The first was that we have the restriction for the number of the players we can use in the Champions League. “We had one player more, (and) we could not use Alvaro, who was injured, so he was the player who was not going to be on the list. “For him, it was very important because he wanted to go back to Spain, so I thought it was the best decision for the club. “But it all starts from the restriction about the number of players. We have restrictions about the amount of players and the money we can spend.” In addition to the reduced squad, City were also fined £49million and forced to limit their net summer spending to £49million. Pellegrini said: “It is difficult for me to understand the punishment because the club spent money because they wanted to grow, they finished a new training ground. “They were a small team and wanted to be a big team but now we have that punishment, that sanction, and we have to play with these restrictions.” City were linked with a deadline day move for Radamel Falcao from Monaco but the Colombia striker made a surprise loan move to rivals Manchester United. Pellegrini, asked at his preview press conference for Saturday’s Barclays Premier League clash at Arsenal, did not want to be drawn on the matter. “I don’t talk about players at other teams,” the Chilean said. Pellegrini was also unwilling to discuss comments by defender Micah Richards, who has joined Fiorentina on loan, that he was not given enough opportunities by the City manager. Pellegrini said: “I never have a response to players through the press. I always speak to the players face to face.” City’s trip to Arsenal begins a tough week in which they also travel to Bayern Munich in the Champions League and then host title rivals Chelsea. Pellegrini’s men also go into the tough period on the back of a shock loss to Stoke in their last game a fortnight ago. Pellegrini said: “We must always try to win, especially when you didn’t win the last game. “We started better than I thought against Newcastle and Liverpool, with so many players (having had) just a few days to prepare. “After that it was a surprise maybe to lose against Stoke but I don’t think we played badly. “Now we have this week with two difficult games in the Premier League and a difficult game in the Champions League but they are the games that motivate all the players.” Midfielder Fernando looks likely to miss all three key games in the coming week after limping out of the Stoke defeat with a groin problem. Striker Stevan Jovetic suffered a hamstring injury on international duty with Montenegro and has been ruled out this weekend. New £32million defender Eliaquim Mangala and former England midfielder Frank Lampard could be in line for debuts after building up their general fitness. Negredo joined Valencia on transfer deadline day last week in a loan deal that will be made permanent next summer. The transfer raised eyebrows as Negredo had impressed since his £20million signing from Sevilla last year and his exit leaves the champions with just three frontline forwards. Press Associationlast_img read more

Cricket News England vs India 2nd T20I: Kohli & co look to wrap up early series win

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: A dominant win by India in the opening T20I against a spin-wary England has set the tone as the hosts remain on the back-foot when the two sides clash in the second T20 International at Cardiff on Friday.Kuldeep Yadav took 5-24 and KL Rahul scored a stunning unbeaten second T20I century as the Men in Blue produced a fine all-round display to stun the hosts by eight wickets in Manchester for an early lead on this tour. A win on Friday would seal the three-match T20I series for Virat Kohli’s high-flying brigade.In fact, India stand on the brink of a sixth successive T20I series’ win – a run stretching back to their 2-1 win over New Zealand in November 2017.In terms of ICC Rankings, a 2-0 series’ lead will allow India to close the gap with second-placed Australia, while a 3-0 whitewash will help them overleap to second behind top-ranked Pakistan.Australia will have to win both their next two games in the ongoing tri-series in Zimbabwe to stay above India.A loss on Friday will see England drop down to rank seven below New Zealand, South Africa and West Indies, respectively.It will be a surprising downturn for the high-flying English team, one of the better in limited-overs’ cricket at the moment. It is a stark reminder of their poor winning ratio nevertheless, having won only 5 out of their last 10 T20 internationals.The big question facing England is how to contend with the unorthodox wrist spin of Kuldeep Yadav.In the aftermath of their loss on Tuesday, both skipper Eoin Morgan and ace batsman Jos Buttler have urged their teammates to show more patience at the crease and watch the ball carefully.But with such a short turnaround in the fixtures’ list, it is easier said than done.The English camp will deploy the services of spin-bowling machine ‘Merlyn’ at Cardiff. A scarcity of unorthodox wrist spinners to practice against is one of the key reasons for this move, as the spin-bowling machine is capable of replicating every style of delivery.An English team last used it ahead of the 2005 Ashes, when they were practicing to contend with Shane Warne.A key reason underlined by Morgan after the first defeat was that the middle-order batsmen, Jonny Bairstow and Joe Root, who both got stumped off successive googlies, needed more time to settle in.Despite the loss, one of the key strengths for England is their top-order’s ability to handle pace and they would like another fast start at Cardiff.It is perhaps the only real concern for India emanating from that first game as the enforced new-ball pairing of Bhuvneshwar Kumar and Umesh Yadav was proven ineffective at Old Trafford.Even with Kuldeep causing all sorts of trouble for the hosts, India wouldn’t like to to pull things back after a high-flying English start once again.The visitors are unlikely to make a change and disturb their winning combination and the pacers will have to learn from the experience of bowling on such batsmen-friendly pitches.England’s top-order, in particular Jason Roy, doesn’t enjoy facing spin in the powerplay overs, and India might opt for Krunal Pandya, who is proficient at bowling economical left-arm spin.However, it is tough to see the Indian team management making space for him in the eleven after just one game. Instead, they might back Yuzvendra Chahal to deliver any initial spin overs, despite being taken for runs in Manchester.Weather could play a part in the game here at the Sophia Gardens. After enjoying a sunny welcome both in Dublin and Manchester, the team was greeted to typical English grey skies, light rain and chill when they arrived in Cardiff on Wednesday.It is expected to clear out for match day, but rain curtailed the last game these two sides played here in 2014.India had won that ODI with an all-round performance from Suresh Raina.England pacer Tom Curran has been ruled out of the remaining T20Is and the ODI series owing to a left side strain. For the ODIs, his brother Sam has been named as replacement.Teams:India: Virat Kohli ©, Shikhar Dhawan, Rohit Sharma, KL Rahul, Suresh Raina, Manish Pandey, MS Dhoni (wk), Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Krunal Pandya, Bhuvneshwar Kumar, Deepak Chahar, Hardik Pandya, Siddarth Kaul, Umesh Yadav.England: Eoin Morgan ©, Moeen Ali, Jonny Bairstow, Jake Ball, Jos Buttler (wk), Sam Curran, Alex Hales, Chris Jordan, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, David Willey, Dawid Malan.Match starts at: 10 pm IST(With inputs from agencies) last_img read more