Workers carry pieces of wood as walks at the Jakarta Mass Rapid Transit construction at Sudirman Business District in Jakarta, Indonesia, April 17, 2018. REUTERS/Beawiharta
JAKARTA (Reuters) - Soon after taking office in 2014, Indonesian President Joko Widodo made a landmark decision to cut subsidies on politically sensitive fuel prices to boost the economy, but a year out from a tough re-election campaign, his reformist zeal may be waning.
Markets cheered Widodo's gamble to free up billions of dollars to build much-needed infrastructure, while the former furniture salesman also unveiled a series of reforms to slash regulations holding back Southeast Asia's biggest economy.
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