Indonesia to halve foreign ownership of govt bonds

Weakening currency: A customer holds Indonesian rupiah notes at a money changer in Jakarta. The rupiah has weakened almost 7 against the US dollar this year, forcing Bank Indonesia to hike interest rate four times since mid-May. — Reuters

Nation wants to shield assets from external shocks

JAKARTA: Indonesia, rattled by a global emerging market selloff, wants to halve the foreign ownership of its sovereign bonds in five years as the government seeks to shield its assets from external shocks.