Business
Indonesia, Thailand, Philippines to set up shared oil reserves
By Katherine Langford
MSCI downgrade threat exposes Indonesia's patronage problem
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Friday, November 13, 2026 at 9:00 AM · 1 min read
Opinion MSCI downgrade threat exposes Indonesia's patronage problem New disclosure rules only matter if regulators enforce them against conglomerates Dyah Pritadrajati November 13, 2026 17:05 JST A man walks past an electronic board displaying market indexes at the Indonesia Stock Exchange in Jakarta on Oct. 21. © Reuters Dyah Pritadrajati is an economist and research fellow at the Lowy Institute's Indo-Pacific Development Centre in Sydney. Read Next Politics Indonesian VP Gibran to resign, presidential office says Economy Indonesia's GDP grows 5.5% in Q3, helped by government spending Trading Asia Indonesian political maneuvers hinder market reforms amid downgrade threats Markets Indonesia faces 'triple selling' pressure amid MSCI downgrade concerns Markets Indonesian stocks continue to plunge as MSCI downgrade fears deepen Markets Indonesia stocks post largest drop in 28 years after MSCI warns of downgrade Latest on Opinion Opinion US and ASEAN accept Myanmar's 'elected' government with few concessions Opinion Is China encircling Vietnam? Opinion Vietnam's future growth depends on developing high-value companies Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.
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