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Widodo Announces Indonesia Stimulus Plan Short on Specifics

  • President promises to revise 89 regulations by end of October
  • Industrial competitiveness and business certainty highlighted
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Indonesian President Joko Widodo promised to adjust almost 100 rules to boost industrial competitiveness and improve business certainty as he announced an economic stimulus package that lacked specifics or major new policies.

The government has been promising a comprehensive set of measures to lure investment and arrest a slowdown in Southeast Asia’s largest economy. Jokowi, as the president is known, said 89 regulations would be changed by the end of October, without going into details in a short address to reporters at the Presidential Palace in Jakarta late Wednesday. Tourism and trade between regions will be boosted, and electronic systems will be introduced to simplify the process of getting business permits, he said.