Indonesia unveils ‘big bang’ for foreign investment, boldest move in 10 years

Indonesia on Thursday opened dozens of sectors to foreign investors in what President Joko Widodo has described as a “Big Bang” liberalization of its economy, Southeast Asia’s largest.

President Joko Widodo’s administration loosened foreign investment restrictions on everything from restaurants and agriculture to transportation and movie theaters.

“Today’s revisions represent our largest opening to international investment in 10 years,” Trade Minister Tom Lembong told Reuters. Read More…

Indonesia unveils ‘big bang’ for foreign investment, boldest move in 10 years