ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business trends

Indonesia suffers double-digit decline in foreign investment

Businesses pause to gauge policy direction as presidential race looms

President Joko Widodo's effort to harness foreign capital to develop Indonesia's economy could be reaching a turning point. (Photo by Rie Ishii)

JAKARTA -- Foreign direct investment in Indonesia shrank 12.9% on the year in the April-June quarter as companies wary of policy shifts ahead of the April 2019 presidential election stayed on the sidelines.

Foreign direct investment totaled 95.7 trillion rupiah ($6.56 billion), the Indonesia Investment Coordinating Board said on Tuesday. This marked the first decline in comparable data going back to 2010, according to a board official.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more