Indonesia Risks Losing Investor ‘Sheen’ as Economy Revamp Slows

Indonesia’s efforts to reduce subsidies and cut corruption are faltering, threatening to undermine a stock market that’s already underperforming the Asian benchmark.The backpedaling may hamper a revival in growth that has put Indonesia’s credit rating one step away from investment grade. At the same time, the government is fighting inflation, which has almost doubled in the past year.President