Indonesia eases foreign ownership curbs in 'big bang' liberalisation

Jakarta

INDONESIA has issued new regulations opening dozens of business sectors to foreign investors - a measure described by President Joko Widodo as a "big bang" liberalisation of the economy.

Mr Joko signed the new presidential decree last week and his administration published it on Tuesday, easing restrictions on a range of enterprises including tourism businesses, transportation companies, and movie theatres.

Restrictions on ownership of businesses in the retail and port services sectors were scaled back, although the reg…