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Indonesia president unveils economic stimulus moves

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Indonesian President Joko Widodo unveiled a series of policies on Wednesday as part of a stimulus package intended to support the rupiah, prop up growth and restore investor confidence in Southeast Asia's largest economy.

[JAKARTA] Indonesian President Joko Widodo unveiled a series of policies on Wednesday as part of a stimulus package intended to support the rupiah, prop up growth and restore investor confidence in Southeast Asia's largest economy.

The package included extending a scheme to provide rice for the poor and adjustments to 89 regulations seen as overlapping with other rules, Mr Joko said.

He said the government would complete its deregulation steps by October.

REUTERS

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