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Indonesia plans 'big bang' opening of economy to foreign investment

Proposal will ease rules in the e-commerce, retail, healthcare and movie industries

"If we have already launched our deregulation, the bureaucracy and the system must follow the new rules," said Jokowi.


INDONESIAN President Joko Widodo on Wednesday unveiled plans for a "big bang" loosening of restrictions on foreign investment in nearly 50 sectors of the economy to encourage competition.

The proposal by the Indonesian leader popularly known as Jokowi which will ease rules...