Desperate for growth, Indonesia unveils raft of micro-measures

Jakarta

WITH his biggest reforms making little headway in a nation fraught with corruption and political jockeying, President Joko Widodo has turned to tweaks in taxes and regulation in an effort to revive waning Indonesian growth.

Yet without larger changes - such as kick-starting long-stalled infrastructure projects and cleaning up an inefficient bureaucracy - the raft of micro-measures may do little to strengthen the economy. The nation with the world's fourth-biggest population needs all the momentum it can get, as emerging markets gird for a spate of volatility when the Federal Reserve raises interest rates.