Indonesia has announced that it will lift restrictions on overseas business ownership. Thirty-five sectors are to be opened up to full foreign ownership, while limits in dozens more sectors will be raised.
The changes, which have been discussed for months, were keenly awaited as a measure of whether President Joko Widodo is committed to major reforms in southeast Asia's most populous country. Over the last couple of years investors have become increasingly uncomfortable with Indonesia's slowing growth rate, which dropped to a six-year low in 2015.
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