Best in Indonesia: CIMB Niaga

CIMB Niaga wins the award for best in Indonesia

john-simon
John Simon, CIMB Niaga

The Indonesian economy has had a roller-coaster 12 months since fears of tapering by the US central bank sparked a sell off by international investors in stocks and government bonds that sent the rupiah (IDR) plunging. First-quarter growth fell to 5.2%, its lowest level in five years, increasing the doubts about Indonesia's medium-term growth prospects, and exposed deep structural problems from unsustainable subsidies to draconian financial regulation, which bans virtually all complex financial

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