Insider Stories - Indonesia plans to open more sector to foreign investment, as the administration of Susilo Bambang Yudhoyono seeks to propel growth, amid falling rupiah and weak exports.

Chief economics minister Hatta Rajasa revealed such plans, which include a plan to give access of foreign investors to own up to 100 percent stake in port and airport operation and services.

Indonesia has the so called "negative list of investment," which prohibit a certain sector to be owned by foreigners, while limit some other sectors to protect its local investors.

However, this must be done in public-private partnership scheme.

Currently, no foreign investors or even the private investors owning stake in any of Indonesia's port and airport operation.

"It all, however, must be done for the good of the nation," said Hatta.

Other sectors may be open for foreigners include bus terminal operation (49%) and the business of motor vehicle test.

Indonesia may also ease limits on overseas holdings in the fixed telecommunication networks (to 65% from 49%), pharmaceutical (to 85% from 70%), natural resort areas (to 70% from 49%) as well as venture capital business (to 85% from 80%).

In third quarter data, Indonesia saw a slowdown spotted in the manufacturing sector growth, as the rupiah depreciation caused companies to spend more on imported capital goods like machineries.

Indonesia seeks to propel investment to help boost the economic growth that has been slowing this year. Apart from negative list of investment, investors often complain about poor infrastructure, bribery and red tape that has been plaguing the country.