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Jakarta Post
The Jakarta Post
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Good corporate governance pays off for Indonesia

  • Alex Yap

Purmerend, the Netherlands | Mon, February 13 2012 | 08:00 am
Good corporate governance pays off for Indonesia

PREMIUM Stock market performance may have been disastrous round the globe last year, but Indonesia was a happy exception. And if its Jakarta Stock Exchange FTSE Index recorded only 4.9 percent growth, such gains were an enormous advance compared with the 10 percent decline of the Global Index and the 18 percent slide recorded by the Asia Pacific Index.

Partly to blame here was the EU sovereign deb...