China Continues as Indonesia’s Top Investor with $3. 9B in H1, Minister Reports
Select Language:Chinese investments in Indonesia totaled approximately $3. 9 billion during the first half of this year, continuing to be one of the country’s primary sources of foreign direct investment,. . .
Select Language:Chinese investments in Indonesia totaled approximately $3. 9 billion during the first half of this year, continuing to be one of the country’s primary sources of foreign direct investment, according to Rosan Perkasa Roeslani, Indonesia’s Minister for Investment and Downstream Industry. The Indonesian government plans to maintain policies that foster trade and investment growth while enhancing the business climate. Roeslani expressed confidence in the future of economic cooperation between the two nations. In May, the China Chamber of Commerce in Indonesia issued a strongly worded letter to President Prabowo Subianto, raising concerns about the operational environment for Chinese-owned enterprises. Issues cited included rising taxes and fees, more rigorous tax audits, a reduction of over 70% in nickel mining quotas since the start of the year, and changes to nickel benchmark prices that increased costs by up to three times. The letter also pointed to tighter foreign exchange controls, stricter forestry enforcement, visa restrictions, and delays in major projects. Roeslani stated that recent policy changes aim to strengthen industry regulation, boost competitiveness, and create sustainable long-term value for Indonesia’s economy, emphasizing that these measures are not directed at any particular country or investment partner. Indonesia maintains an open stance and is dedicated to providing a stable, transparent, and investor-friendly environment, he added. Last month in Beijing, Anindya Novyan Bakrie, head of the Indonesian Chamber of Commerce and Industry, mentioned he would directly communicate with Chinese business representatives to assess whether the concerns voiced by the Chinese chamber reflect the general sentiment about operating in Indonesia. Roeslani underscored China’s longstanding role as a key strategic partner in trade and investment, noting notable successes in downstream development, manufacturing, infrastructure, natural resources, and energy transition initiatives. In the previous year, investments from mainland China and Hong Kong in Indonesia reached about $18 billion, positioning China as the country’s leading foreign investor. Fahad KhanA Deal hunter for Digital Phablet with a 8+ years of Digital Marketing experience.