If anyone anywhere this week spares a thought for the Asia-Pacific Economic Cooperation forum, it will almost certainly be linked to the Apec leaders’ meeting set for Shenzhen in November. But this is to miss the massive value and purpose of the 21-member grouping inaugurated in Canberra in 1989. To witness Apec’s unique and distinguishing value, you should have been in Guangzhou this week, where over 1,000 have gathered without pomp or fanfare for the first senior officials’ meeting (SOM1). I was first sent by the Apec Business Advisory Council…
Day: February 6, 2026
Moody’s cuts Indonesia’s credit outlook to ‘negative’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Moody’s has cut its credit rating outlook for Indonesia to “negative”, citing policy uncertainty under President Prabowo Subianto, in the latest warning on market quality in south-east Asia’s largest economy. The change from a “stable” outlook comes a week after global index provider MSCI said Indonesia could lose its emerging-market status over “fundamental investability” issues, triggering a rout in stocks. Moody’s flagged issues including policy uncertainty, weak governance, fiscal deterioration…