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Indonesia eases foreign ownership curbs in 'big bang' liberalisation

Restrictions relaxed on enterprises including tourism businesses, transportation firms, and movie theatres

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The liberalisation is part of President Joko's strategy to expand the manufacturing and tourism sectors in South-east Asia's largest economy, to reduce its reliance on exporting raw commodities.

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

sentifi.com

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