Indonesian business lobby warns confusing policies sow 'dangerous distrust'

Policy certainty is now a business imperative. In his Nikkei Asia interview, Chair of the Board of Trustees IBC Arsjad Rasjid warned that sudden policy shifts and unclear communication risk creating confusion and distrust among investors and businesses. He emphasized that markets can accept reform, but not surprises, especially amid rupiah pressure, market volatility, higher energy costs, and global uncertainty. He called for stronger coordination, clearer communication, and a presidential-level “breakthrough office” to resolve bottlenecks and restore confidence. For Indonesia to stay competitive, policy must be predictable, well-communicated, and grounded in dialogue with the business community.