TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

COVID-19, bureaucratic inefficiency hurt foreign business confidence in Indonesia: Survey

  • Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Jakarta   /   Fri, November 13, 2020   /  07:28 am
The Jakarta Post Image
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.(JP/Dhoni Setiawan)

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 ...