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View all search resultsIndonesia has staged a high-level business forum in South Korea to pitch investment projects in infrastructure, downstream industries and clean energy as the two countries celebrate 50 years of diplomatic relations.
China has topped other countries, including the United States, as Indonesia’s biggest trading partner. The East Asian giant is also a perfect fit for the government’s interest in developing Indonesia's downstream nickel industry.
The Investment Coordinating Board (BKPM) revealed in July 2020 that FDI fell 6.9 percent year-on-year (yoy) to Rp 97.6 trillion (US$6,93 billion) in the April-June period. Yet, amid such a gloomy picture, it turns out that global firms are still quite upbeat about the potential of the Indonesian digital economy, particularly that of local e-commerce and financial technology (fintech) platforms.
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