Consumer staples the place to be as Indonesia recovers

Tue, Dec 31, 2013 - 6:00 AM

THE Indonesian rupiah has cratered, losing more than 20 per cent of its value and hovering north of 12,000 to the US dollar for weeks. Shares have plummeted in a run-up to elections, while fuel price hikes have sparked rampant inflation. It sounds like 2013, but the year is 2008.

As this...