An Open-Door Policy - Economy - magz.tempo.co

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An Open-Door Policy

Tuesday, July 4, 2006

The regulations on foreign ownership in the Indonesian television industry still contain many loopholes. Foreigners can actually have in excess of 20 percent share ownership.

. tempo : 178040352335.

THE plan of Media Nusantara Citra (MNC) to sell its shares is actually nothing new. For more then two years now, this media and broadcasting subsidiary company belonging to the Bimantara Group had already wanted to do this via the stock exchange. However, up to now this plan has never actually been realized. Unlike several rumors to the contrary, the MNC shares will in fact be sold off to a strategic investor.

According to a Tempo source, several

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