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View all search resultsChina 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.
The law states that all business sectors are open to foreign direct investment (FDI) as well as domestic direct investment (DDI), with the exception of six prohibited sectors and businesses that can be carried out by the government.
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