Indonesia's Business Climate Chokes on Red Tape and Regulatory Roulette Indonesia, a beacon of economic growth in Southeast Asia, faces a crisis of confidence from its largest foreign investor group: Chinese businesses.
The China Chamber of Commerce in Indonesia (CCCI) has written an open letter to President Prabowo Subianto, detailing the crippling effects of regulatory unpredictability and bureaucratic corruption.
The letter highlights sudden policy shifts, excessive regulation, and alleged extortion as major concerns for Chinese investors, who dominate Indonesia's downstream nickel sector.