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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

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Published Wed, Feb 10, 2016 · 09:50 PM

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    Jakarta

    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 in the e-commerce, retail, healthcare and movie industries, is the most far-reaching yet in a string of stimulus packages rolled out over the past six months to arrest a slowdown in growth.

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