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Indonesian Law

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PRESIDENT OF THE REPUBLIC OF INDONESIA

REGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER : 111 of 2007 CONCERNING AMENDMENT TO REGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER: 77 of 2007 CONCERNING THE LIST OF BUSINESSES CLOSED AND LIST OF BUSINESSES OPENED WITH RESERVATION IN THE INVESTMENT SECTOR WITH THE MERCY OF THE GOD ALMIGHTY THE PRESIDENT OF THE REPUBLIC OF INDONESIA, Considering: a. That, with the issuance of the Presidential Regulation Number 77 of 2007 concerning the List of Businesses closed and the List of Businesses opened to Investment,

constituting the implementation of paragraph (4) of Article 12 and paragraph (1) of

Article 13 of the Law Number: 25 of 2007 concerning business Investment, sectors the arrangement opened of

closed

and

with

reservation in such Presidential Regulation shall be made clearer in order to prevent

-1-

any

possible

misinterpretation

from

happening; b. that, with respect to point a above, in is necessary Regulation to stipulate an a Presidential to of the 2007

concerning

amendment Number 77

Presidential

Regulation

concerning the List of Businesses Closed and the List of Businesses Opened to Investment; In view of: 1. Paragraph (1) of Article 4 of the

Constitution of the Republic of Indonesia of 1945; 2. The Law Number: 25 of 1992 concerning

Cooperatives (State Gazette of the Republic of Indonesia to Number: State 116 of of 1992, the

Supplementary

Gazette

Republic of Indonesia Number: 3502); 3. The Law Number: 9 of 1995 concerning Micro Businesses (State Gazette of the Republic of Indonesia Number: 74 of 1995, Supplementary to State Gazette of the Republic of

Indonesia Number: 3611); 4. The Law Number: 32 of 2004 concerning of

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