Investor Confidence Falters Under Prabowo's Policies
A year into Prabowo Subianto's presidency, fiscal uncertainty persists as investor confidence weakens.
Institutional investors from insurance firms, pension funds, and banks met with Finance Minister Purbaya Yudhi Sadewa to discuss policy direction for faster economic growth.
The investors expressed concerns over the investment climate in Indonesia, which they described as "not very good", despite government efforts to streamline licensing.
They wanted to know the policy direction I'll take to ensure faster economic growth
The investors sought concrete assurances that the ease of doing business would not remain mere rhetoric.
Author's summary: Investors lose confidence in Prabowo's policies.