JakartaPost-June 10

The government has issued a presidential regulation to close the alcoholic beverage industry for new investment following pressure from Muslim organizations and Papuan political figures. President Joko “Jokowi” Widodo abruptly revoked in March Presidential Regulation No. 10/2021, which allowed investment in the alcoholic beverage industry in Bali, East Nusa Tenggara (NTT), North Sulawesi and Papua, and possibly in other provinces depending on proposals from governors. Presidential Regulation No. 49/2021, issued on May 25, revises the previous regulation on investment and adds the alcoholic beverages industry to the list of closed industries under Article 2. Shinta Kamdani, deputy chairwoman of the Indonesian Chamber of Commerce and Industry (Kadin) told The Jakarta Post, “Clearly, with this policy, we will not have investment coming into or jobs created by the alcoholic beverage industry. We can only hope for an expansion of existing [businesses], which are very limited.”

Read more at: https://www.thejakartapost.com/paper/2021/06/09/government-bars-new-investment-in-alcoholic-beverage-industry.html.