M'sia to benefit from Indonesian withdrawal of bill limiting foreign ownership in agriculture

PETALING JAYA: Indonesia has finally agreed to withdraw the proposed draft Bill on foreign ownership limitation in its agriculture sector, which had faced opposition from many foreign plantation business owners, including Malaysian planters with operations in the republic.

In the final discussion on Agriculture Law revision No. 18/2014 that was held on Monday, both the Indonesian Parliament and government have agreed on the withdrawal of the proposed 30% foreign ownership limitation from the present 95%.