Indonesia's Makarim, Gojek founder and former minister, found guilty of graft
Get bite-sized news via a newcards interface. The verdict has the potential to further undermine investor confidence in Indonesia. The rupiah and stocks have slumped this year after cuts to outlooks from credit ratings agencies on unpredictable policymaking and governance concerns, while index provider MSCI is weighing whether to downgrade Southeast Asia's biggest economy due to market transparency concerns.
- ▪Get bite-sized news via a newcards interface.
- ▪The verdict has the potential to further undermine investor confidence in Indonesia.
- ▪The rupiah and stocks have slumped this year after cuts to outlooks from credit ratings agencies on unpredictable policymaking and governance concerns, while index provider MSCI is weighing whether to downgrade Southeast Asia's biggest econ
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Channel NewsAsia.
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