Foreign enterprises operating in Indonesia have grown less optimistic about doing business in the country as a result of bureaucratic inefficiency and the continuing spread of COVID-19, a survey shows, but more than half of business are considering major investments in the country over the next two years. The 2020 International Business Confidence Index published by the British Chamber of Commerce (BritCham) Indonesia in partnership with the European Business Chamber of Commerce (EuroCham) Indonesia found that foreign companies had become less optimistic about prospects for revenue, profit, investment and the workforce during the pandemic. The survey’s respondents – 108 foreign businesses polled from Sept. 16 to Oct. 9 – largely believed that the nation’s COVID-19 situation and its regulatory environment would be the main factors affecting business over the ...