Largest ASEAN economy claims economic prowess but foreign investors remain unconvinced
When Indonesia’s Investment Coordinating Board (BKPM) rejected some 6,541 foreign investment permits last month, it underscored a problem Indonesia has been facing for a couple of years. Investors are looking at the country. They are scouting deals. They are searching for opportunities. They are not always investing, though.
Last year Indonesia attracted around US$24 billion in foreign investment but that is about a quarter of the total investment that China attracts and less than half of what Brazil receives, reports MNI’s Asia Insight. For the country to maintain levels of economic growth of close to 6% per year, it will need a lot more investment.
read more