Indonesia to create new coastguard, boost defense spending

November 13, 2014 10:07 AM

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Indonesia to create new coastguard, boost defense spending

JAKARTA (Reuters) - Indonesia will launch a new coastguard next month to crack down on piracy and smuggling which can disrupt commerce in Southeast Asia's biggest economy, the chief security minister told Reuters on Thursday.

The force is part of President Joko Widodo's push to reassure investors at a time when the economy is growing at its slowest in five years and is strained by twin trade and current account deficits.

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