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I wouldn't buy a country-specific fund, but that's just me (shrug). I do own top holdings Jardine Cycle and Carriage and Astra via parent co Jardine Matheson. I own Singtel, which effectively has a "fund" of holdings in other Asia-region telecoms, including one in Indonesia.
Mobile company Country Stake Advanced Info Service Thailand 23.3% Bharti Group India 32.5% Globe Telecom Philippines 47.3% Optus Australia 100% Citycell Bangladesh 45% Telkomsel Indonesia 35%
Comments
http://en.wikipedia.org/wiki/SingTel#Subsidiaries
Mobile company Country Stake
Advanced Info Service Thailand 23.3%
Bharti Group India 32.5%
Globe Telecom Philippines 47.3%
Optus Australia 100%
Citycell Bangladesh 45%
Telkomsel Indonesia 35%