Indonesia pushes back after Chinese business group complains tougher rules hurt investors

AI Summary

Chinese businesses have raised concerns over new regulations in Indonesia that they believe are stifling investment opportunities. The Indonesian government emphasizes the need for sovereignty over natural resources while maintaining dialogue with foreign investors amid growing tensions.

Chinese businesses in Indonesia have issued an unusually blunt warning to President Prabowo Subianto that a wave of tougher rules is hurting investor confidence, exposing growing tension between Jakarta’s push for control of the resources sector and foreign capital that has helped power the country’s nickel boom. Several ministers in Jakarta have pushed back, saying Indonesia must prioritise sovereignty over its natural resources, while stressing the government remains open to dialogue and has...