KONTAN.CO.ID - JAKARTA. Legal uncertainties have hindered foreign investors from investing in Indonesia, especially in new or green field projects, Bank Indonesia (BI) senior deputy governor Destry Damayanti said in Jakarta on Friday. License procurement processes were more difficult for investors to measure compared to funding or workforce issues, she added. Many permit application processes have no set timeframes or clear procedures, discouraging investors from starting businesses in the country. “In the future, investors will be directed to invest in brownfield [existing] projects,” she said.
Legal uncertainties remain stone wall for foreign investment: BI
KONTAN.CO.ID - JAKARTA. Legal uncertainties have hindered foreign investors from investing in Indonesia, especially in new or green field projects, Bank Indonesia (BI) senior deputy governor Destry Damayanti said in Jakarta on Friday. License procurement processes were more difficult for investors to measure compared to funding or workforce issues, she added. Many permit application processes have no set timeframes or clear procedures, discouraging investors from starting businesses in the country. “In the future, investors will be directed to invest in brownfield [existing] projects,” she said.