Business sentiment in RI weakens

Business sentiment in RI weakens

JAKARTA: Danareksa Research Institute said investor confidence in Indonesia fell during February and March due to uncertainty at home and abroad.

In its latest survey, on Monday, Danareksa said that the confidence index during the period fell 1.4 percent.

It also said that confidence in the government dropped as the operating conditions for businesses worsened.

It added that many businessmen continue to feel that law enforcement in the country remains weak.

The institute said that under such unfavorable conditions business appeared riskier, and that this encouraged business operators to put off expansion plans. -- JP