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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

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.


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...

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