Failed bid for Danamon may damp foreign interest in Indonesia

08/6/2013 | Business Times (Singapore), The

The enthusiasm of foreign investors for Indonesia may be curbed by the failed bid of Singapore's DBS for Bank Danamon, even as Indonesia's economic boom shows signs of weakening. "The combination of rising political and regulatory risks in Indonesia could create a toxic cocktail that deters foreign investors, despite Indonesia's fast-growing consumer market," observed Rajiv Biswas, chief Asia-Pacific economist at global consultancy IHS.

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Business Times (Singapore), The

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