Indonesian President Rolls Out Dramatic…

Indonesian President Joko Widodo today, Feb.11, rolled out the details of the plan he called a “big bang" the day before, to open nearly 50 sectors of the economy to foreign investment. The package of reforms is designed to ease investment rules in e-commerce, retail, health care and moviemaking. It is the most sweeping of a series of stimulus packages that the president has ordered since shook up his cabinet, adding new liberal faces in August 2015, then bustled the entire bunch to the city of Bogor, 60 km. south of Jakarta, in September to demand new reforms that would do away with a wide array of restrictions on new investment.

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