Indonesia eases foreign investment rules

JAKARTA: Indonesia has announced it will allow increased levels of foreign investment in the country’s power plants, advertising, and pharmaceutical industries as part of government efforts to boost the slowing economy.

Policy makers are scrambling to tempt back jaded investors who have fled South-East Asia’s largest economy due to the country’s sizable current account deficit, which has helped make the rupiah skid more than 20% against the dollar this year.