Asian Economy: Overview, Growth and Development.

• Author: Kazmi, S. Kamal Hayder

Byline: S. Kamal Hayder Kazmi

Indonesian President Joko Widodo said he will introduce sweeping changes to labour 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. Mr Joko, more popularly known as Jokowi, said planned changes to the labour law will apply to new employees, proposals he will discuss with labour unions before taking them to parliament.

By restricting the rules to new jobs only, Mr Joko can attract businesses wanting to set up shop in Indonesia or looking to expand, while defusing...