Pause comes as policy uncertainty rattles investors in ASEAN's biggest economy
JAKARTA -- A market overhaul in Indonesia aimed at restoring investor confidence is slowing the country's initial public offering, with tougher listing standards and persistent policy uncertainty prompting companies to delay share sales despite a number of large potential deals.
The IDX stated that there are 12 companies waiting in the IPO queue to list on the bourse this year.
Investment chief Rosan Roeslani says the overhaul is about building trust, not just pleasing index providers.
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By Amanda Lee and Ying Xian Wong
