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China to further reduce negative list of market access and expand foreign investment areas: NDRC


SOURCE / ECONOMY
By Global Times Published: Mar 08, 2021 02:07 PM
Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan. 6, 2020. (Xinhua/Wang Xiang)
 
China will further reduce the negative list for market access, continue to encourage foreign investment in more areas and fully implement national treatment for foreign investment after market entry, said China s top economic planner on Monday.
China will further reduce the negative list for foreign investment. In recent years, the number of restrictive measures has been reduced by nearly two thirds. A series of major opening-up measures have been introduced in finance, automobile and other areas, and the manufacturing sector has been basically opened up, Ning Jizhe, vice chairman of the National Development and Reform Commission (NDRC), told a press briefing in Beijing on Monday. ....

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Indonesia eases rules in major foreign investment reform


The new legislation aims to synchronise overlapping labour, tax and other key laws deemed unfavourable to businesses and investors. - Reuters
SINGAPORE (The Straits Times/ANN): The Indonesian government has laid down the ground rules for its new law on job creation, widely seen as an ambitious regulatory reform to lure foreign investments and stimulate the pandemic-hit economy.
President Joko Widodo signed 49 implementing rules last month to provide officials with specific details on how the law would be applied in practice and guide businesses on how they should operate.
He had signed two others late last year, soon after the law was passed on Oct 5 amid violent nationwide protests over workers rights and environmental concerns. ....

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Welcome To IANS Live - TopStory - Seychelles fund proves to be Achilles heel for AI employees as bid gets rejected

The transaction advisor to the government, Ernst & Young, informed the employees of Air India that they have been unsuccessful in qualifying for the next phase of the ‘disinvestment acquisition process on account of inadequate details of the Seychelles-based fund. The ....

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