Economics

Indonesia Will Open Up to More Foreign Investment, Jokowi Says

  • Indonesia president says he’ll propose law changes by year-end
  • He says he’ll keep Indrawati in the cabinet in his second term

Jokowi said he’ll introduce sweeping changes to labor laws and open up more sectors of the economy.

(Source: Bloomberg)
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Indonesian President Joko Widodo said he’ll introduce sweeping changes to labor rules by the end of the year and open up more sectors of the economy to foreign investment, delivering on some of the major reforms investors have been demanding.