SINGAPORE (Feb 13): Indonesia has been and remains a good story among large emerging economies. However, the news flow has fallen a tad short of expectations of late. Indonesia’s economy grew about 5% in 2016, rising from 4.8% in 2015 but below the 6%-type rates experienced from 2010 to 2012, which had raised hopes that Indonesia could enjoy an acceleration in economic growth to above 7%. In addition, foreign investors have been watching the prosecution of Jakarta governor Basuki Purnama (Ahok) on charges of blasphemy with some concern, wondering whether this heralds a rise in religious intolerance.

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