Indonesia’s investment is growing, but almost all of it is domestic.
In 2025, PMDN made up 99.7% of new investment while PMA grew just 0.1%. Licensing reform opened the front door, but bottlenecks after the permit is submitted are still holding investors back.
In this Insight, we break down:
- Why Satgas P2SP was created and how its Debottlenecking Channel works
- ~483 complaints received and what they reveal about the dominant bottlenecks
- Real cases: Pertamax Green’s excise issue and Aceh’s pine-resin permits
- How other countries handle debottlenecking, and where Indonesia still has gaps
- What the shift to P3-MPPE means for execution
With the recent change of Finance Minister, we will be watching how this policy is carried forward under Suahasil Nazara, and whether the momentum holds.