JAKARTA -- Foreign direct investment into Indonesia shrank 6.95% in the second quarter from a year earlier to 202.2 trillion rupiah ($12.3 billion), the investment ministry announced on Tuesday, the biggest such drop in five years.
Economy
Indonesia suffers 6.95% foreign investment drop, biggest since 2020
Firms pause to gauge Prabowo's policy direction amid geopolitical uncertainty
Indonesian President Prabowo Subianto waves as he walks with Malaysian Prime Minister Anwar Ibrahim during their meeting at Merdeka Palace in Jakarta, on July 29. © AP
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