Abstract
The widely publicized and by now well known fundamental and drastic changes in political outlook and economic policy since abortive coup d'etat of October 1965 have, in some cases slowly, and in others, more rapidly, pervaded all sectors of economic and political life in Indonesia. It should therefore come as no surprise that attitude towards foreign investment has also undergone a thorough-going change. Nevertheless, rapidity and extent of reversal in foreign investment policy have perplexed even most seasoned observers of Indonesian affairs. It should be noted that new foreign investment law, Law No. 1 of January 1, 1967, was promulgated at a time when so-called dualism in state leadership still existed, with Sukarno still formally president but with General Suharto already holding full executive powers, and when, in words of Chairman of Indonesian Technical Committee on Capital Investment, the effective Government under Suharto was trying to reverse major national policies against desperate opposition of President Sukarno. .. ll.
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