With polls looming, Jakarta is expected to go into holding pattern with reforms
Jakarta
REFORMS enacted by Indonesia's president, Joko Widodo, may have won praise from investors and analysts, but as the world's third largest democracy lurches toward regional and presidential elections, that pace of change will slow to a crawl.
Since sweeping to power in 2014, in part on promises to weed out corruption and to cut red tape Mr Widodo has helped push South-east Asia's biggest economy up some of the most widely watched league tables. This week, the World Bank put Indonesia 19 places higher on its annual Ease-of-Doing Business Index.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month