Indonesia to open more sectors to foreign investments

JAKARTA: Indonesia will ease foreign investment rules in several sectors of the economy, including the e-commerce, healthcare, and movie industries, President Joko Widodo said.

The move is aimed at attracting more foreign funds into South-East Asia’s economy, which has been growing at its slowest pace in six years because of falling commodity prices and cooling growth in major trading partner China. “We are seriously considering deregulation across the board, but focusing on e-commerce, healthcare, and creative industry,” Widodo said in an interview with Reuters at the presidential palace in central Jakarta.