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Economy

As religious tensions rise, foreign investment in Indonesia slows

Political leaders appear handcuffed by surging Islamic fundamentalism

President Joko Widodo has been stressing the importance of Indonesia's five-principle national philosophy, like he did at this Jakarta appearance earlier this month.

JAKARTA -- The growth of foreign direct investment in Indonesia is slowing. The latest data shows that it expanded 0.9% on the year in the January-March quarter. What is weighing down the figure? Religious and ethnic tensions.

Strains emerged during the Jakarta gubernatorial election campaign, which pitted Basuki Tjahaja Purnama -- the incumbent governor, an ethnic Chinese and a member of the Christian minority -- against former education minister Anies Baswedan, who is part of the country's Islamic majority.

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