Thursday, July 2, 2009

JUST CAME IN: Government To Ban Foreign Investments in Cigarette Industry

Government was pushing to block foreign investment in cigarette industry, as the government is revising regulation on investment. 

After a meeting to discuss the regulation at the Industry Department on Wednesday Minister Fahmi Idris said “Cigarette industry is on the list.”

Fahmi said his department proposed seven industries to be put under investments ban, including cigarette, sugar and pulp. While 10.000 megawatt power plant and security printing were proposed to be indirectly restricted.

Tempo Interactive has the report...