Key facts
- Indonesia's business community is experiencing confusion due to policy changes.
- Arsjad Rasjid, chairman of the Indonesian Business Council, warned of "dangerous distrust".
- The Indonesian government is urged to improve communication and provide clear technical guidelines.
- China has criticized Indonesia over new restrictions on nickel exports.
- These restrictions are viewed as a potential deterrent to foreign investment.
- The policies are attributed to President Prabowo Subianto.
- The Indonesian business community seeks to maintain international market confidence.
Indonesia's business community is grappling with widespread confusion and a growing sense of distrust stemming from what is described as "sudden" policy changes implemented by President Prabowo Subianto. Arsjad Rasjid, chairman of the Indonesian Business Council, has voiced these concerns, emphasizing the need for improved government communication and the provision of clear technical guidelines. He stated that these measures are crucial for maintaining confidence in the international market.
These policy shifts have also attracted criticism from China, specifically regarding new restrictions imposed on nickel exports. China views these measures as a potential deterrent to foreign investment within Indonesia's vital nickel sector. The Indonesian government's actions are seen as creating an unfavorable investment climate, raising concerns among international stakeholders.