This president regulation is classifying the negative and open business lists for indonesian and foreigner. The negative lists mostly classified by the hazard impact of business to national security and interest while the open lists ,it`s not only considering the hazard impact and national security but the local and small business interest as well. and the foreign investment must not compete to small local business and cannot do the small scale retail.
please check the link above for the lists
https://www.scribd.com/document/358753973/Regulation-of-the-President-of-the-Republic-of-Indonesia-Number-44-Year-2016-Compressed-Min-1#from_embed
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