In a further sign that the 10 countries of the Association of Southeast Asian Nations are going to be hard pressed to be ready to form their planned economic community next year, the Indonesian financial authority says the country's stock exchange (IDX) is far from ready. The main problem is that for the IDX to list a foreign company, its prospectus must be audited by a commission recognized by Indonesia's financial authority.
Any changes to the rules will have to be made by the country’s parliament, and with a new administration taking office, there’s no guarantee it can be done swiftly.
