{
    "success": true,
    "data": {
        "id": 1823311,
        "msgid": "responding-to-msci-report-airlangga-ri-market-accessibility-remains-maintained-1782377748",
        "date": "2026-06-25 15:19:55",
        "title": "Responding to MSCI report, Airlangga: RI market accessibility remains maintained",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "Coordinating Minister for Economic Affairs Airlangga Hartarto stated that MSCI's decision to keep Indonesia in the Emerging Market category confirms the country's maintained capital market accessibility. The government acknowledges MSCI's feedback on improving share ownership transparency and price formation integrity. Indonesia is committed to accelerating market reforms ahead of the next MSCI review in November 2026.",
        "content": "<p>Indonesia\u2019s capital market still meets the key characteristics of an\nemerging market and remains part of the global investment destination\ngroup. Coordinating Minister for Economic Affairs Airlangga Hartarto\nassessed that Morgan Stanley Capital International\u2019s (MSCI) decision to\nretain Indonesia in the Emerging Market category demonstrates that\ncapital market accessibility remains well maintained. \u201cThis decision\nconfirms that Indonesia\u2019s capital market still meets the key\ncharacteristics of an emerging market and remains part of the global\ninvestment destination group,\u201d Airlangga said in a statement in Jakarta\non Thursday. As is known, global index provider MSCI Inc., in the\nresults of the MSCI 2026 Market Classification Review announced on 23\nJune 2026 local time, did not reclassify Indonesia nor open\nconsultations regarding a possible change in status from Emerging Market\nto Frontier Market. Nevertheless, Airlangga said the government is\ntaking note of several inputs from MSCI to strengthen the quality of\ncapital market governance. MSCI highlighted the need to improve\ntransparency of share ownership structures and the integrity of price\nformation in the market. According to MSCI, global institutional\ninvestors still have concerns regarding the disclosure of share\nownership information as well as indications of coordinated trading that\ncould potentially affect free float assessments and the reliability of\nmarket prices as an investment benchmark. On the other hand, MSCI\nappreciated a number of reforms carried out by the government together\nwith the Financial Services Authority (OJK), the Indonesia Stock\nExchange (BEI), and the Indonesian Central Securities Depository (KSEI).\nThese reforms include increased disclosure of shareholder identities\nwith ownership above 1 percent, refinement of investor classification,\nimplementation of the High Shareholding Concentration (HSC) framework,\nand the implementation of a roadmap to gradually increase the minimum\nfree float to 15 percent. The government, together with OJK, BEI, KSEI,\nand Bank Indonesia, is committed to accelerating the implementation of\nvarious reform agendas before the next evaluation in the November 2026\nMSCI Index Review cycle. These steps include strengthening market\nsupervision, increasing share ownership transparency, improving listed\ncompany governance, strengthening trading integrity, and more effective\nlaw enforcement. Airlangga stated that the government will also continue\nto maintain active communication with MSCI and global investors to\nensure that reform progress is reflected in the assessment of\nIndonesia\u2019s market accessibility. In addition, the government will\ncontinue efforts to deepen the financial market to increase liquidity,\nexpand the domestic investor base, strengthen the quality of price\nformation, and improve market efficiency. The Coordinating Minister\nemphasised that this year\u2019s MSCI review results serve as momentum to\naccelerate national capital market reforms. \u201cIndonesia\u2019s continued\nstatus as an Emerging Market shows that the national economic\nfundamentals and Indonesia\u2019s market accessibility remain strong. The\ngovernment appreciates MSCI\u2019s input as part of a joint effort to improve\nthe quality of the capital market. Our focus is to ensure that every\nreform agenda does not stop at the policy level, but is truly\nimplemented consistently so as to have a real impact on transparency,\nmarket integrity, and investor confidence,\u201d said Airlangga. According to\nhim, consistent reforms, supported by strong economic fundamentals and\nmaintained macroeconomic stability, will strengthen Indonesia\u2019s position\nas one of the main investment destinations in the region while\nmaintaining its status as an Emerging Market.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/responding-to-msci-report-airlangga-ri-market-accessibility-remains-maintained-1782377748",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}