Indonesia has overtaken Cambodia as the most corrupt country in the Asia-Pacific region in the eyes of business executives, according to an annual survey by Political & Economic Risk Consultancy, a Hong Kong-based risk analysis firm.
“The perception that corruption is especially bad in Indonesia will make it more difficult for the country to attract foreign direct investment,” the PERC report said.
“The absolute level of corruption in Indonesia might not be any worse than in any other Asian country,” it said.
Indonesia was seen as the second-most corrupt country in the survey last year.
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