ProdukHukum Perdagangan

FOREIGN CAPITAL INVESTMENTS IN THE FIELD OF OILPALM
ESTATES
(Presidential Instruction No. 6/1998, dated January 21, 1998)
THE PRESIDENT OF THE REPUBLIC OF INDONESIA
Considering :
a.
that within the framework of further increasing the flow of foreign capital
investments in the field of oilpalm estates, it is necessary to give business
opportunity and certainty as well as to create a favourable business
environment;
b.
that for the purpose as meant above, it is deemed necessary to issue a
presidential instruction to this effect.
In view of :
1.
Article 4 paragraph (1) of the Constitution of 1945.
2.
Law No. 1/1967 on foreign capital investments (Statute Book of 1967 No.
1, Supplement to Statute Book No. 2818) as already amended by Law No.
11/1970 (Statute Book of 1970 No. 46, Supplement to Statute Book No.
2943);

3.
Law No. 6/1968 on domestic capital investments (Statute Book of No, 33,
Supplement to Statute Book No. 2853) as already amended by Law No.
12/1970 (Statute Book of 1970 No. 47, Supplement to Statute Book No.
2944).
4.
Government Regulation No. 20/1974 on share ownership in companies set
up under foreign capital investments (Statute Boock of 1994 No. 28,
Supplement to Statute Bok No. 3552);
5.
Presidential Decree No. 97/1993 on the procedure for capital investments.
INSTRUCTS :
1.
2.

Minister of Agriculture;
State Minister for Mobilisation of Investment Funds/Chairman of the
Investment Coordinating Board;

To carry out the following directives :

FIRSTLY :
To allow the business opportunity to foreign capital investments in the field of oil
palm estates.
SECONDLY :
To settle the licensing of foreign capital investments in order to obtain approval
from the President.
THIRDLY :
This presidential instruction shall come into force as from the date of stipulation.
Stipulated in Jakarta.
On January 21, 1998
THE PRESIDENT OF THE REPUBLIC OF INDONESIA
sgd
SOEHARTO