Faris Mokhtar

Unpredictable state intervention under Indonesia’s president is turning the emerging-market darling into a global laggard.

Growing religious conservatism is posing a challenge for the Southeast Asian nation’s government as it toys with a snap poll.

High-net-worth individuals say they fear the president may turn to more forceful measures to extract their money.

Wharf Real Estate Investment Co. has been exploring an exit of its Singapore property portfolio located in the premier Orchard Road shopping district, according to people familiar with the deliberations.

Wharf Real Estate Investment Co has been exploring an exit of its Singapore property portfolio located in the premier Orchard Road shopping district, according to people familiar with the deliberation

Andi’s story reflects the changing fortunes of the nation’s business elite.

Singapore Prime Minister Lawrence Wong is bolstering his leadership team, elevating multiple younger ministers in a cabinet reshuffle following recent resignations from his bench.

Among the changes announced Wednesday, first-term politician Jeffrey Siow, 48, will be promoted to transport minister and second minister for finance.

Granted independence after the 1997 Asian financial crisis, Indonesia’s central bank remained one of the few institutions to retain autonomy since Prabowo Subianto became president two years ago. Now it looks set to fall more directly under his sway.

More than two months after President Prabowo Subianto unveiled plans to take control of Indonesia’s top commodity exports, the agency charged with carrying out the proposal is caught between competing visions of its role in the economy’s most vital export industry.