Indonesia has announced that it will allow increased levels of overseas ownership in a range of sectors, as part of efforts to boost the national economy, which tends to slow down.

Foreign investors will be given increased access in such areas as transport, pharmacy, tourism and creative economy, and finance.

They will be allowed to increase their stakes up to maximum 49 percent in transport, and 85 percent in pharmacy, Mahendra Siregar, head of Indonesia's investment coordinating board said.

As for tourism and creative industry, investors from the Association of Southeast Asian Nations (ASEAN) can now take part in advertisement activities with maximum ownership of 51 percent.

The figure in risk investment will be raised to 85 percent from the current 80 percent.-VNA