{
    "success": true,
    "data": {
        "id": 2049508,
        "msgid": "indonesia-pledges-tangible-reforms-to-boost-capital-market-confidence-1792633817",
        "date": "2026-10-22 07:56:30",
        "title": "Indonesia pledges tangible reforms to boost capital market confidence",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Finance",
        "summary": "The Financial Services Authority (OJK) says it is pursuing an eight-point reform agenda to strengthen liquidity, governance, transparency and law enforcement as MSCI consults on whether to reclassify Indonesia as a standalone market. The measures include gradually lifting the minimum free float to 15 per cent, tighter beneficial ownership disclosure and broader investor categorisation; the OJK says consistent implementation is key to restoring confidence.",
        "content": "<p>\u201cInvestor confidence must be built through concrete actions, not\nmerely statements,\u201d OJK Chairperson Friderica Widyasari Dewi said at a\nMandiri Sekuritas investor dialogue in Jakarta.<\/p>\n<p>According to a press statement issued here Wednesday, she said the\nOJK is committed to developing an Indonesian capital market that is\nfair, transparent, competitive, and possesses global credibility.<\/p>\n<p>MSCI announced October 16 a consultation on reclassifying Indonesia\nfrom an \u201cEmerging Market\u201d to a \u201cStandalone Market.\u201d<\/p>\n<p>OJK Capital Market Supervision Chief Hasan Fawzi said the\nannouncement is part of an ongoing consultation, not a final ruling.<\/p>\n<p>MSCI is accepting feedback through April 30, 2027, with a final\ndetermination expected June 30, 2027.<\/p>\n<p>The OJK said it respects MSCI\u2019s independent assessment, having held\n16 structured sessions with the index provider between February and\nOctober 2026.<\/p>\n<p>It said market fundamentals remain robust, with capitalization of\nabout $589 billion, the second largest in ASEAN, and 31.1 million\ninvestors.<\/p>\n<p>Listed companies posted revenue growth of 15.9 percent and net profit\ngrowth in the year to June 2026.<\/p>\n<p>The OJK is also strengthening coordination with the government,\ndiscussed at an October 19 meeting of President Prabowo Subianto, the\nOJK and the Financial System Stability Committee (KSSK).<\/p>\n<p>With self-regulatory organizations, including the Indonesia Stock\nExchange, the OJK is implementing an eight-point reform agenda to\nenhance liquidity, governance, transparency and law enforcement.<\/p>\n<p>Reforms include gradually raising minimum free float to 15 percent,\ntighter beneficial ownership transparency, investor categories expanded\nfrom nine to 39, mandatory disclosure of stakes above one percent and\npublishing names of high-concentration companies.<\/p>\n<p>\u201cCapital market reform does not end with the refinement of\nregulations or the announcement of policies. Our priority is to ensure\nconsistent implementation,\u201d Hasan said.<\/p>\n<p>Related news: Indonesia races to protect emerging market status\nagainst MSCI<\/p>\n<p>Related news: BI monitors capital outflows after MSCI\u2019s Indonesia\nmarket proposal<\/p>\n<p>Translator: Rizka Khaerunnisa, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-pledges-tangible-reforms-to-boost-capital-market-confidence-1792633817",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}