Amid the recent financial turmoil in Turkey and other emerging economies, Indonesia's biggest fund managers carry a warning: Watch out for domino effects.
The government has approved the proposed acquisition of state-owned listed gas distributor PT Perusahaan Gas Negara (PGN) by state-owned oil and gas company PT Pertamina (Persero), and has asked related institutions to develop an analytical study on the plan.
Indonesia posted a robust trade surplus in November, data showed Thursday, in a sign of recovery in Southeast Asia's biggest nation that was plunged into economic turmoil in 2013.
Unless Indonesia gets its act together soon, it will not be fully ready for the ASEAN Economic Community (AEC) in 2015. If so, it is likely that we will see a repetition of what happened when the China-ASEAN Free Trade Agreement (Caftan) came into force in 2010, with the Indonesian Chamber of Commerce and Industry calling for a postponement of implementation.