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The Investment Coordinating Board (BKPM) said 59 Chinese investors engaged in the wood and furniture business will relocate factories to Indonesia.
BKPM head Thomas Lembong recalled that he has been given a one-month deadline by President Jokowi to fix investment issues.
Jokowi`s decision to form a ministry that specifically handles digital investment could lead to dualism in the investment sector, says Indef.
Earlier, the BKPM head Thomas Lembong said Google's and Temasek's study noted 4 country's unicorns including Traveloka claimed to belong to Singapore.
BKPM recorded China as the third-largest investor with US$2.3 billion or 16.2 percent of total foreign investment (PMA).
The second term of President Jokowi's government is ready to more rapidly bolster the flow of investment into the country.
The Investment Coordinating Board (BKPM) said that the U.S.-China trade war positively affected the Indonesian economy through relocation investment.
The Investment Coordinating Board (BKPM) said that the May 22 rally, which ended up with riots, has affected direct investment.
The Prabowo - Sandiaga campaign team member Anthony Budiawan opined the high figure of foreign investment in Indonesia may cause an economic crisis.
President Joko Widodo or Jokowi Monday, January 14 inspected Online Single Submission (OSS) in the Capital Investment Coordinating Board (BKPM) office