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View all search resultsLocal firms echo Chinese concerns over Indonesia’s business climate
Danang Girindrawardana, executive director of the Indonesian Textile Association (API), said that local business community had also conveyed similar complaints to the government but did not receive an adequate response.
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Excavators transfer soil to transport trucks on July 28, 2023, at a nickel mine operated by nickel mining company Vale Indonesia in Sorowako, South Sulawesi. (AFP/Hariandi Hafid)
T
he Indonesian Textile Association (API) has echoed concerns over the country’s investment and business climate, following a wave of complaints raised by the China Chamber of Commerce in Indonesia (CCCI) in a letter to President Prabowo Subianto.
Danang Girindrawardana, API’s executive director and a member of the expert council at the Indonesian Employers Association (Apindo), said the letter reflected growing unease among investors about the quality of bureaucratic services and the lack of legal certainty in Indonesia.
He added that domestic businesses were facing many of the same hurdles highlighted in the letter, ranging from aggressive tax audits and abrupt policy changes to the mandatory retention of export proceeds (DHE), as well as corruption and extortion, factors he said had steadily eroded confidence in the business environment.
“It’s understandable that Chinese businesspeople are complaining about several issues with Indonesia’s public services,” he said on Thursday, as quoted by Kontan.
Danang warned that such concerns could potentially affect foreign investors’ perception of Indonesia, particularly regarding business certainty and policy predictability.
Furthermore, he said the business community in the country had also conveyed similar complaints to the government on multiple occasions through formal letters and meetings with ministries.
However, the concerns did not receive an adequate response and many of the letters were “ignored by the authorities”.
