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View all search resultsIndustrial estate managers say US import tariffs and anti-China trade policies are a burden on their business, forcing them to resort to operational and regulatory measures, as well as diversification, to ensure their global competitiveness.
Eddy cautioned that such illicit activities, carried out under the guise of CSOs, commonly referred to locally as ormas (mass organizations), would erode Indonesia’s investment climate and could drive investors away.
Illegal levies can eat up as much as 30 percent of total production costs, with bribes and extortion money flowing to multiple actors, including civil society organizations (CSOs), according to Transparency International Indonesia (TII).
The HKI has urged the government to stay the course in Indonesia's energy transition, after certain members of the Prabowo administration made public statements questioning the relevance of the Paris Agreement following Trump's decision to withdraw US participation.
The investment minister has rustled up $7.46 billion in investment commitments during his China visit last week for a variety of projects, from plastics to power, in line with the government's overarching aim to reach food and energy security.
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