{
    "success": true,
    "data": {
        "id": 1820923,
        "msgid": "ojk-msci-review-reflects-global-confidence-in-indonesian-capital-market-1782287824",
        "date": "2026-06-24 14:08:50",
        "title": "OJK: MSCI Review Reflects Global Confidence in Indonesian Capital Market",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Indonesia's Financial Services Authority (OJK) stated that the MSCI's latest review demonstrates global investor confidence in the nation's economic resilience and capital market reforms. While MSCI acknowledged improvements in transparency and maintained Indonesia's emerging market status, it warned of a potential reclassification to frontier market if insufficient progress is observed by November 2026.",
        "content": "<p>Jakarta - Chairman of the Board of Commissioners of the Financial\nServices Authority (OJK) Friderica Widyasari Dewi stated that the review\nfrom MSCI reflects global investor confidence in the resilience of the\nnational economy, the stability of the financial services sector, and\nreforms aimed at strengthening transparency, integrity, and\ncompetitiveness of the Indonesian capital market. \u201cWe also note MSCI\u2019s\nrecognition of various capital market integrity reform measures that\nhave been implemented. A number of areas that remain of concern are part\nof a constructive evaluation process and will continue to be followed up\ntogether with all stakeholders,\u201d Friderica said in an official statement\nin Jakarta on Wednesday. Along with that, Chief Executive of Capital\nMarket, Derivative Finance, and Carbon Exchange Supervision at OJK Hasan\nFawzi said the MSCI assessment results show recognition from the global\nindex provider of Indonesia\u2019s capital market reform agenda that has been\nrunning since the beginning of the year. \u201cMSCI not only maintained\nIndonesia\u2019s status as an Emerging Market, but also provided recognition\nthat the various reform measures we have and are currently undertaking\nare on the right track. This is reflected in the assessment results of\nIndonesia\u2019s market accessibility which remains well maintained,\u201d said\nHasan. According to him, recognition of the reform agenda is an\nimportant asset for the Indonesian capital market to continue growing\nwith an increasingly strong foundation of transparency, integrity, and\ngovernance. \u201cOf course, we see there is still room for improvement and\nvarious inputs that need to be observed constructively. Therefore, we\nare committed to continuing to strengthen engagement with global index\nproviders, global investors, and all relevant stakeholders to further\nenhance the credibility, integrity, and investability of the Indonesian\ncapital market going forward,\u201d Hasan said. Hasan emphasised that\nmaintaining emerging market status is not the final goal, and his party\nwill continue to strengthen and accelerate the implementation of the\nreform agenda in the Indonesian capital market, with the support of\nclose coordination and synergy with all stakeholders. \u201cThis step is also\naimed at following up on input and concerns from related parties in an\neffort to strengthen the credibility and integrity of the domestic\ncapital market,\u201d said Hasan. Going forward, he continued, efforts to\nstrengthen the relevance and role of the Indonesian capital market on a\nglobal scale will also continue to be reinforced, supported by\nIndonesia\u2019s strong economic performance and domestic market growth in\naccordance with its fundamental conditions. \u201cWe believe the Indonesian\ncapital market remains very prospective and attractive, both for\ndomestic and global investors. This is supported by maintained domestic\neconomic fundamentals, a continuously growing investor base, competitive\nstock valuations, and the fundamental performance of issuers which is\ngenerally still very positive,\u201d said Hasan. Through the release of the\nMSCI 2026 Market Classification Review on Wednesday morning, MSCI has\nacknowledged the transparency reforms carried out by the Indonesian\ncapital market authority. However, MSCI stated it will continue to\nassess the scope, consistency, and ongoing effectiveness of the\nIndonesian capital market, in the context of determining free float and\nbroader investability eligibility, which will continue to be monitored\nuntil the MSCI Index Review in November 2026. \u201cIf sufficient progress is\nnot observed by the November 2026 Index Review, MSCI will consider\nvarious options for the appropriate treatment of the Indonesian market,\nwhich could potentially include a consultation on reclassifying\nIndonesia from Emerging Markets to Frontier Markets,\u201d MSCI wrote in its\nannouncement. Previously, on 19 June 2026, MSCI also released the Global\nMarket Accessibility Review 2026. The evaluation results placed\nIndonesia\u2019s market accessibility as one of the best among emerging\nmarket countries in the Asia-Pacific region.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ojk-msci-review-reflects-global-confidence-in-indonesian-capital-market-1782287824",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}