Indonesia has lowered its investment target to Rp817 trillion this year, from Rp886 trillion set in the initial target. The COVID-19 pandemic has hindered the Government’s efforts to attract new investment into the country. Investment Coordinating Board (BKPM) head Bahlil Lahadalia said foreign direct investment (FDI), which accounts for less than half of total investment, fell by 9.2% to Rp98 trillion in January to March this year.

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