Indonesia’s leaders promise that the country will be a world power by 2045, the centennial of its independence. Yet when shares plunge or smoke drifts abroad, officials reflexively blame foreigners. That blame game asks nothing of those in charge. Who really owns our listed companies? Who wins contracts through political connections? Who burns the peatland? […]

The post Chasing foreign phantoms in Prabowo’s embattled Indonesia appeared first on Asia Times.

When MSCI floated the idea of downgrading Indonesia to a Standalone Market, anxiety quickly swept through Jakarta’s financial community. Predictably, alarming headlines immediately pointed to foreign capital flight, stock prices dropped and local regulators quickly moved to calm jittery investors. Yet, treating this stock market tremor as a proxy for Indonesia’s overall economic health represents […]

The post Don’t mistake Indonesia’s MSCI scare for economic weakness appeared first on Asia Times.