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Jokowi blocks liquor from capital investment
Published on: Wednesday, June 09, 2021
By: Tempo Indonesia
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Jokowi blocks liquor from capital investment
JAKARTA: President Joko “Jokowi” Widodo (pic) has officially ratified presidential regulation (Perpres) No.49/2021 - which revises a previous Perpres (No.10/2021) that is one of many derivatives from the Job Creation Law (Cipta Kerja) - that states liquor industries are closed-off for capital investments.

Article 2 of the latest Perpres specifically states that business entities closed-off from capital investments are liquor industries that contain alcohol (KBLI 11010); industries of products containing wine (KBLI 11020); and beverages with malt in its ingredients (KBLI 11031).

The previous presidential regulation permitted capital investments for the three aforementioned business sectors across four Indonesian provinces in Bali, East Nusa Tenggara (NTT), North Sulawesi, and Papua.

However, the regulation came under heavy criticism which mainly came from religious-based mass-organizations such as Muhammadiyah, Nahdlatul Ulama (NU), and the Indonesian Ulema Council (MUI). The surge of criticism eventually forced President Jokowi to revoke the law in March this year. 




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