epa04863351 Indonesian President Joko Widodo speaks during a joint news conference with Singapores Prime Minister Lee Hsien Loong (unseen) following their meeting at the Istana Presidential Palace in Singapore, 28 July 2015. President Jokowi, as he is affectionately known, is on a three-day visit to Singapore from 27 to 29 July 2015. EPA/WALLACE WOON
JAKARTA: Indonesia stepped up efforts to protect its battered financial markets from global volatility yesterday, imposing new daily limits on how much shares can fall and organising a concerted share buy back programme.
President Joko Widodo’s (pic) administration has been forced to respond swiftly to the global sell-off, as South-East Asia’s economy is already struggling with weakening domestic consumption and rock bottom commodity prices.
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