Indonesia looks to foreign investment to help the country out of the current economic crisis.  The government expects foreign investors to contribute to the training and development of Indonesian nationals, allowing the transfer of skills and technology required for their effective participation in the management of foreign companies.  As a general rule, a company can hire foreigners only for positions that the government has deemed open to non-Indonesians.  Employers must have manpower training programs aimed at replacing foreign workers with Indonesians. 

Foreign investment interest in Indonesia has fallen substantially since the onset of the economic crisis in mid 1997.  Accoding to statistics from the Capital Investment Coordinating Board (BKPM) from 1967 through 1998, the GOI approved over 6,500 foreign investment applications worth more than $216 billion; over half were approved after 1993.  In addition to Japan, the UK and the United States, Indonesia's other major foreign investors include Hong Kong, Singapore, the Netherlands, Taiwan, and South Korea. 
Source: http://www.usia.gov/wto/pp1124a.htm#develop 

Indonesia has displayed a strong commitment to the development of its telecommunication infrastructure.  In 1997, despite the economic turmoil, Indonesia's telecom equipment imports was increased more than 9% from 1996.  In that year, Indonesian import value for telecom equipment was US$1,504 million. 
Source: http://www.jakarta.uscc.org/american/tel/marinfor/best.html

Recently, Indonesia's investment coordinating board (BKPM) has announced that it will not impose restrictions on new investment, especially for large industries not listed in the Investment Negative List (DNI). All proposals for new investment would be approved as long as they are not included in the DNI, which is a list of sectors closed to new investments, Andung A. Nitimihardja, deputy chief of BKPM said. 

Industry and Trade Minister Yusuf Kalla said earlier that Indonesia would not need new investment in large industries in the next five years as the country has over invested in large industries in the past 10 years. Kalla said Indonesia needs only to optimize the capacity of the existing factories.  State Minister for Investment and State Enterprise Laksamana Sukardi said the government policy is to encourage investment in labor intensive industries. Incentives in the form of tax exemptions would be given to investors employing more than 2,000 workers, Sukardi said.