Archive: 24 June 2026
Showing 751-800 of 1,678 articles
Wed, 24 Jun 2026, 16:07 WIB
IHSG Plunges 3.36% at Close, BUMI and DSSA Shares Most Sought After by Investors
The Indonesia Stock Exchange (IDX) Composite Index (IHSG) suffered a sharp 3.36% decline on Wednesday, closing at 5,896.417 and falling further from the psychological 6,000 level. The broad-based sell-off dragged down all major indices, with the IDX80 experiencing the deepest correction of 3.63%. Despite the market rout, trading activity remained robust with a transaction value of Rp32.93 trillion, and shares of BUMI and DSSA were among the most actively traded by volume.
Wed, 24 Jun 2026, 16:07 WIB
Mount Anak Krakatau Volcanic Activity Increases, Residents Urged to Remain Vigilant
Volcanic activity at Mount Anak Krakatau in the Sunda Strait has intensified, prompting authorities to warn coastal residents, fishermen, and tourists. The volcano remains at Level II (Alert) status, with a two-kilometre exclusion zone enforced around the crater. Continuous 24-hour monitoring is being conducted to mitigate potential disaster risks.
Wed, 24 Jun 2026, 16:06 WIB
House Questions Health Minister's Proposal to Include TB Patients in Free Meal Programme
Indonesia's House of Representatives has pushed back against a proposal to extend the Free Nutritious Meal (MBG) programme to tuberculosis patients, citing logistical challenges. A senior lawmaker suggested alternative nutritional interventions through local health centres may be more effective. The Health Minister had argued that improved nutrition could bolster immunity and accelerate recovery for TB sufferers, referencing successful implementations in India and China.
Wed, 24 Jun 2026, 16:06 WIB
BNPB Accelerates Construction of 50 Temporary Shelters in Nokilalaki, Sigi
Indonesia's National Disaster Management Agency (BNPB) has commenced building 50 temporary shelters for earthquake victims in Kamarora Village, Sigi Regency, Central Sulawesi. The construction, funded through Central Sulawesi's PUM scheme, marks a key step in accelerating recovery for affected communities. Verification for further aid phases continues as emergency repairs on infrastructure, including gabion installations and clean water networks, also progress.
Wed, 24 Jun 2026, 16:06 WIB
Indonesia Ranks Fourth in Global Rice Production, Says Agriculture Minister Citing FAO
Indonesia has been ranked the world's fourth-largest rice producer by the UN Food and Agriculture Organisation (FAO), with output reaching 38 million tonnes. Agriculture Minister Andi Amran Sulaiman highlighted the achievement as evidence of rising national food production despite climate challenges. The government is also expanding downstream processing for cocoa, coconut, and sugarcane across 870,000 hectares to boost productivity and create jobs.
Wed, 24 Jun 2026, 16:05 WIB
LPSK Still Reviewing Justice Collaborator Request from MBG Corruption Suspect Sony Sonjaya
The Witness and Victim Protection Agency (LPSK) is conducting a thorough review of a justice collaborator application submitted by Sony Sonjaya, a suspect in the alleged corruption case involving the Free Nutritious Meals (MBG) programme. The application was lodged after the Attorney General's Office rejected a similar request, with Sonjaya's legal team citing security concerns for him and his family. LPSK Chairman Achmadi affirmed the agency's independence in assessing the application and stated it will coordinate with relevant law enforcement agencies.
Wed, 24 Jun 2026, 16:05 WIB
Rising from Layoffs, Dara Baro Transforms Fabric Scraps into World-Class Wastra Fashion
Dimita Agustin turned the setback of a 1998 layoff into a sustainable fashion enterprise, Dara Baro, by repurposing leftover Indonesian textile scraps. Starting with cushion covers and a modest capital, the brand now creates high-value garments blending traditional wastra with techniques like Japanese Boro. The business gained momentum after the pandemic prompted a creative solution to warehouse waste, aligning with global sustainable fashion trends.
Wed, 24 Jun 2026, 16:04 WIB
Parents Posing as Officials Attempt to Sway SPMB Admissions at Semarang State High Schools
Several state high schools in Semarang have reported attempts by parents claiming to be officials to secure places for their children outside the official SPMB admission channels. School administrators firmly rejected these requests, insisting that student admissions are strictly based on the four official pathways: domicile, achievement, affirmation, and transfer. The provincial education office reiterated that the 2026 admission process is fully transparent and free of any special 'deposit' or unofficial routes.
Wed, 24 Jun 2026, 16:03 WIB
Indonesian Embassy in Rome Showcases Young Indonesian Designers in Italy
The Indonesian Embassy in Rome hosted the 'Dea Terra: Mother Earth' fashion show across two Italian cities, highlighting the work of young Indonesian designers and traditional textiles. The event aimed to blend cultural diplomacy with creative economy promotion, featuring designers Rafi Ridwan and Maria Angelita alongside an SME bazaar. It sought to strengthen Indonesia-Italy bilateral ties and open European market opportunities for Indonesian creative products.
Wed, 24 Jun 2026, 16:03 WIB
Gerindra's Andre Rosiade Denies Claims of Internal Order to Monitor VP Gibran as Hoax
Gerindra Party politician Andre Rosiade has dismissed as a hoax allegations that party deputy chairman Budi Djiwandono ordered internal monitoring of Vice President Gibran Rakabuming Raka. He emphasised the solid and harmonious relationship between President Prabowo Subianto, former President Jokowi, and Gibran. Rosiade stated the only instruction from party leadership was for members to engage with their constituencies and ensure public welfare programmes run smoothly.
Wed, 24 Jun 2026, 16:02 WIB
Basarnas Needs Rp95.23 Billion for INSARAG Heavy Classification
Indonesia's National Search and Rescue Agency (Basarnas) has proposed an additional budget of Rp95.23 billion to upgrade its Urban SAR team to the international 'Heavy Class' standard ahead of a 2028 assessment. The agency argues the upgrade is urgent to strengthen Indonesia's role in global humanitarian operations, following deployments in Turkey and Myanmar. The request is part of a larger Rp409.33 billion safety cluster budget proposal, which also includes significant allocations for equipment maintenance and personnel training.
Wed, 24 Jun 2026, 16:02 WIB
IFG Life Highlights Importance of Early Education Fund Planning
IFG Life, a subsidiary of state-owned insurance holding IFG, has urged Indonesian families to incorporate education funding into their financial planning from an early stage. The company cites rising costs, with BPS data showing average annual primary school fees of Rp4.56 million, to stress the need for long-term financial preparedness. It also advises families to secure protection against risks that could disrupt these educational plans.
Wed, 24 Jun 2026, 16:02 WIB
Prabowo Receives Adi Bhakti Tani Nelayan Maha Utama Gold Medal
President Prabowo Subianto was awarded the Adi Bhakti Tani Nelayan Maha Utama Gold Medal by the National KTNA at the PENAS XVII event in Gorontalo. The honour recognises his commitment to the welfare of Indonesian farmers and fishers. Prabowo acknowledged the sector as the backbone of the nation and credited their support as a key factor in his 2024 election victory.
Wed, 24 Jun 2026, 16:01 WIB
Rice production up 100 percent, Prabowo targets Indonesia as world food barn
President Prabowo Subianto announced that national rice productivity has doubled to over 10 tonnes per hectare, crediting modern agricultural technology. He expressed optimism that Indonesia is on track to achieve food self-sufficiency and eventually become a global food barn. The president stressed the need for a sustainable system and nationwide dissemination of these innovations.
Wed, 24 Jun 2026, 16:00 WIB
Motorcyclist Goes Viral After Entering Bogor Toll Road, Falls When Confronted by Cleaner
A motorcyclist illegally entering the Bogor Outer Ring Road (BORR) toll went viral on social media. The rider fell after being startled by a sanitation worker's warning near the Yasmin entrance. The motorcyclist was subsequently guided out of the toll road without sustaining injuries.
Wed, 24 Jun 2026, 16:00 WIB
Indonesia Ramps Up Diplomatic Engine to Accelerate Economic Growth
The Indonesian government is intensifying its diplomatic efforts as a key instrument to boost national economic growth. A newly formed task force, Pokja IV, has been mandated to optimise economic diplomacy by expanding market access, strengthening international cooperation, and increasing investment.
Wed, 24 Jun 2026, 16:00 WIB
KPK to Auction Seized Assets from Noel et al. Case, Including Ducati and Nissan GTR
Indonesia's Corruption Eradication Commission (KPK) will auction assets seized from a major graft case involving former Deputy Manpower Minister Immanuel Ebenezer 'Noel' and ten others. The luxury items, including a Ducati motorbike and a Nissan GTR, were confiscated in relation to a bribery and gratification scheme concerning workplace safety certifications. The auction is scheduled to coincide with International Anti-Corruption Day on 9 December 2026.
Wed, 24 Jun 2026, 15:59 WIB
Iranian Foreign Minister Calls Hamas Official to Discuss US-Iran Negotiations
Iranian Foreign Minister Abbas Araghchi held a phone conversation with a senior Hamas official following the signing of a US-Iran memorandum of understanding aimed at ending the Middle East conflict. Araghchi reaffirmed Tehran's continued support for the Palestinian cause, while Hamas expressed hope the deal would also halt violence in Gaza. The call came a day after Iran's president visited Pakistan, which has mediated the peace talks.
Wed, 24 Jun 2026, 15:59 WIB
DPR Member Urges Police to Transparently Investigate Alleged Payment to UBK Students
A member of the Indonesian House of Representatives has called on the National Police to conduct a transparent investigation into allegations that a police officer gave Rp20 million to a student demonstrator. The lawmaker warned that inaction could fuel negative public speculation and undermine trust in the police institution.
Wed, 24 Jun 2026, 15:58 WIB
Minister Arifah Stresses Victim Recovery as Priority in Violence Cases
Minister of Women's Empowerment and Child Protection Arifah Fauzi has declared the recovery of a female victim of severe abuse and false imprisonment in Bandung a top priority. The ministry is coordinating with regional authorities to ensure the 29-year-old receives comprehensive psychological, medical, and legal support. The case came to light after the victim was found with critical injuries, including blindness, at a local hospital.
Wed, 24 Jun 2026, 15:58 WIB
Bandung City Council Commission I Chair Radea Respati Criticises Street Vendor and MSME Management
Radea Respati, Chair of Commission I of the Bandung City Regional People's Representative Council (DPRD), has voiced sharp criticism regarding the current management of street vendors (PKL) and micro, small, and medium enterprises (MSMEs) in the city. The critique highlights concerns over policy implementation and its impact on local economic actors. The council is pushing for a more structured and equitable approach to support these vital grassroots businesses.
Wed, 24 Jun 2026, 15:58 WIB
Education Ministry Distributes Science Lab Aid to 100 High Schools to Strengthen Scientific Literacy
Indonesia's Ministry of Primary and Secondary Education has provided science laboratory equipment to 100 selected senior high schools to foster a culture of scientific thinking and hands-on learning. Deputy Minister Fajar Riza Ul Haq emphasised the aid is intended to build a learning ecosystem where students critically test and apply knowledge, not just passively receive it. The initiative aligns with the ministry's 'Deep Learning' approach, encouraging students to experience knowledge through experimentation rather than merely consuming information.
Wed, 24 Jun 2026, 15:58 WIB
Deputy Home Affairs Minister Bima Arya Stresses Importance of Regional Identity Through Local Wisdom
Deputy Home Affairs Minister Bima Arya Sugiarto has urged regional leaders to build distinctive local identities through city branding rooted in local wisdom, moving away from uniform development patterns. He emphasised that a strong city branding strategy must integrate historical narrative, current image, and future vision, supported by a sustainable innovation ecosystem. The minister also praised several regions for successfully leveraging their unique cultural and natural assets to drive economic growth.
Wed, 24 Jun 2026, 15:57 WIB
JK: Iran's resilience proves the importance of technological mastery for the Islamic world
Former Indonesian Vice President Jusuf Kalla stated that Iran's ability to withstand military pressure from the United States and Israel demonstrates the critical need for Islamic nations to master technology. He argued that progress in the Islamic world requires balancing religious spirit with scientific and economic capabilities. Kalla also highlighted the complex political dynamics in the Middle East and urged Islamic universities to become engines of technological development and moderate Islamic values.
Wed, 24 Jun 2026, 15:57 WIB
Health Ministry Reveals Health Industry's Contribution to the Economy
Health Minister Budi Gunadi Sadikin has highlighted the health sector's significant economic potential, noting its consistent 9-11% growth over the past decade. He detailed how investment in health yields a high GDP multiplier of 3.2 and creates substantial employment, positioning the industry as a key driver to help achieve the national 8% growth target. The sector is also attracting major foreign and domestic investment in hospitals and medical device manufacturing.
Wed, 24 Jun 2026, 15:57 WIB
Woman from Bangkalan Found Dead in Official Vehicle at Juanda Airport
A woman from Bangkalan was discovered deceased inside a government vehicle at Juanda International Airport in Sidoarjo, four days after the car entered the parking area. The body was found in the front passenger seat, and evacuation proved difficult due to the confined space. Authorities are currently investigating the identity of the victim and the cause of death.
Wed, 24 Jun 2026, 15:56 WIB
Tunisian Director of 'The Voice of Hind Rajab' Appointed to Venice Film Festival 2026 Jury
Kaouther Ben Hania, the Tunisian director of the acclaimed film 'The Voice of Hind Rajab', has been selected as a jury member for the 2026 Venice International Film Festival. Her film, which won the Silver Lion Grand Jury Prize last year, recounts the killing of a five-year-old Palestinian girl by Israeli forces in Gaza. The appointment highlights her growing international stature as a leading Arab filmmaker.
Wed, 24 Jun 2026, 15:56 WIB
House Commission V Urges Transparent Ride-Hailing Tariff Cuts to Protect Drivers and Consumers
The Indonesian House of Representatives Commission V has welcomed President Prabowo's instruction to cap application service fees for ride-hailing drivers at 8%, effective 1 July 2026. Deputy Chairman Syaiful Huda stressed that while the policy aims to protect driver welfare, it must be implemented carefully to prevent platforms from raising consumer prices. The commission has called for transparent revenue-sharing regulations and will closely monitor the policy's rollout to ensure it does not harm drivers, passengers, or the sustainability of the ride-hailing business.
Wed, 24 Jun 2026, 15:56 WIB
UN says Israel continues genocide deliberately targeting Palestinian children
A United Nations commission has accused Israeli authorities and security forces of continuing genocide, crimes against humanity, and war crimes against Palestinians, with the deliberate targeting of children in Gaza. The report highlights unprecedented death, injury, and trauma among Palestinian children, citing evidence of intentional killings as a key element of genocidal intent. The commission also documented torture, sexual violence against detained children, and attacks on maternity facilities, urging international accountability and an end to violations.
Wed, 24 Jun 2026, 15:55 WIB
Response to MSCI Announcement: Airlangga Says Quarterly Evaluations Are No Problem
Coordinating Minister for Economic Affairs Airlangga Hartarto has responded calmly to MSCI's latest market review, asserting that Indonesia's capital market remains secure in the emerging market category. MSCI has warned that Indonesia could be downgraded to frontier market status by November 2026 if systemic transparency issues are not resolved. The minister stated the government is prepared for more frequent evaluations, while MSCI acknowledged recent reforms by Indonesian financial authorities as a step in the right direction.
Wed, 24 Jun 2026, 15:55 WIB
IDX Confirms RANS Entertainment IPO Complies with Regulations
The Indonesia Stock Exchange (IDX) has confirmed that the initial public offering (IPO) of PT RANS Entertainment Indonesia Tbk meets all applicable regulations. The clarification addresses public scrutiny regarding the 20.02% share offering, noting that the total free float post-IPO will be approximately 28.85% when including existing public shareholders. The company is targeting to raise up to Rp 429.25 billion in the offering.
Wed, 24 Jun 2026, 15:55 WIB
Airlangga: Indonesia remains attractive for investors amid global turmoil
Coordinating Minister for Economic Affairs Airlangga Hartarto asserts that Indonesia continues to be a compelling investment destination despite rising geopolitical uncertainty. He highlights the Indo-Pacific region's perceived safety and the positive economic impact of potential peace between the US and Iran. The government is reinforcing fiscal and monetary coordination to maintain domestic stability and attract quality investment.
Wed, 24 Jun 2026, 15:55 WIB
Police Anti-Corruption Unit Raids Customs Office at Juanda Airport, Sidoarjo
The Indonesian National Police's Corruption Eradication Corps (Kortastipidkor) conducted a search at the Customs and Excise Office (KPPBC) in Juanda, Sidoarjo, East Java. The operation, which began in the morning and lasted into the afternoon, involved armed officers securing the premises. Authorities have yet to disclose the specific case or areas under investigation but have promised a press conference.
Wed, 24 Jun 2026, 15:54 WIB
PDIP Politician Suspects Orchestration Behind Rp20 Million Payment to UBK Student Leader
PDIP politician Deddy Sitorus has raised suspicions of a deliberate orchestration after a student leader admitted receiving Rp20 million, allegedly to divert a protest away from the Presidential Palace. Sitorus noted the incident highlights how student movements can be co-opted, while pointing to the subsequent meeting between the students and Vice President Gibran Rakabuming Raka as a curious outcome. The university has launched an investigation into the matter.
Wed, 24 Jun 2026, 15:54 WIB
Prabowo pushes Free Meals program to tackle hunger in Indonesia
President Prabowo Subianto has strongly defended the Free Nutritious Meals (MBG) programme, arguing that addressing hunger is the most urgent priority for the nation. Speaking at a farmers and fishermen gathering in Gorontalo, he challenged critics to consult rural communities and children about the scheme's necessity. The President also linked the programme to broader food security goals, noting that rising domestic production now allows Indonesia to potentially assist other countries facing food crises.
Wed, 24 Jun 2026, 15:54 WIB
Minister of Women's Empowerment Applauds West Java Police for Arresting Abuse Perpetrator
Minister Arifah Fauzi has praised the West Java Regional Police for swiftly arresting a man suspected of the false imprisonment and severe assault of a woman in Bandung. The minister stressed that violence against women is an intolerable human rights violation and pledged that her ministry will oversee the case to ensure the victim receives comprehensive protection and recovery services. The victim, identified as YTR, sustained critical injuries including blindness, and the ministry is coordinating with local authorities to provide psychological, health, and legal support.
Wed, 24 Jun 2026, 15:53 WIB
Celios: Policy to Maintain Subsidised Mortgage Interest Rates is Appropriate
Economist Nailul Huda from Celios has endorsed the government's decision to keep subsidised mortgage interest rates at 5 per cent despite Bank Indonesia raising its benchmark rate. He argues the policy eases the burden on low-income communities amid weakening purchasing power. The Housing Minister confirmed the flat 5 per cent rate will remain throughout the loan tenure to support affordable home ownership.
Wed, 24 Jun 2026, 15:52 WIB
Fake State-Owned Enterprise Employee Arrested for Raping Online Acquaintance During Meet-Up in Kulon Progo
A man from Purworejo has been arrested for allegedly raping a woman he met on a dating app after luring her to a beachside inn in Kulon Progo. The suspect posed as an employee of a state-owned enterprise (BUMN) and used a false identity to gain the victim's trust before threatening her with a knife. Police have charged him under Indonesia's new criminal code, which carries a maximum sentence of 12 years.
Wed, 24 Jun 2026, 15:50 WIB
Agriculture Minister: Farmers' Terms of Trade at Highest in 34 Years
Indonesia's Agriculture Minister Andi Amran Sulaiman reported that the farmers' terms of trade (NTP) index has reached 127, the highest level in 34 years, signalling improved welfare for farmers. He also highlighted a 5.74% growth in the agricultural sector and a significant increase in export values alongside reduced food imports.
Wed, 24 Jun 2026, 15:50 WIB
MSCI Gives Indonesia Until November to Address Market Transparency Concerns
Global index provider MSCI has set a November deadline for Indonesian market authorities to show meaningful progress on transparency issues, including coordinated trading and concentrated share ownership. The warning highlights persistent investability concerns raised by international institutional investors, despite recent regulatory reforms by the OJK, IDX, and KSEI. Failure to demonstrate sufficient improvement could trigger a consultation on reclassifying Indonesia from Emerging Market to Frontier Market status, potentially reducing global capital inflows.
Wed, 24 Jun 2026, 15:50 WIB
GMS Awaits Bantul Regency Permit to Use Church: Requirements Submitted
The Gereja Misi Sejahtera (GMS) in Bantul has submitted additional requirements for a permit to use its church building and is awaiting approval from the local government. However, the Bantul Interfaith Harmony Forum (FKUB) states it has not yet issued its written opinion, as GMS has not completed all necessary steps, including obtaining a building fitness certificate and local neighbourhood recommendations. The FKUB also needs to conduct a field assessment of the social conditions around the site before the permit can proceed.
Wed, 24 Jun 2026, 15:50 WIB
Strange Phenomenon Hits Cipinang Rice Wholesale Market, Traders Cry Out
Weakening consumer purchasing power is creating a ripple effect through Indonesia's rice supply chain, with traders at Jakarta's Cipinang Rice Wholesale Market reporting a significant drop in demand. Despite ample supply and stable prices, wholesalers say sales have slumped by 30-40% as restaurants and food stalls reduce orders. The slowdown is attributed to broader economic pressures, though some retailers note that social assistance programmes are temporarily sustaining household consumption.
Wed, 24 Jun 2026, 15:49 WIB
OJK Issues Regulation for Financial Influencers
Indonesia's Financial Services Authority (OJK) has enacted a new regulation governing financial influencers, or 'finfluencers', to ensure clear, accurate, and non-misleading information in the financial sector. The rule mandates disclosure of any economic interests and high-risk product warnings. Non-compliance can lead to sanctions, including written orders and potential access termination requests to the Ministry of Communication and Digital.
Wed, 24 Jun 2026, 15:49 WIB
Online Drivers Reject 8% Commission Cut Limited to GoRide and GrabBike
Indonesian online transport workers' union SPAI has rejected a planned reduction in platform commission fees to 8%, arguing it contradicts President Prabowo's broader commitment. The union insists the policy should cover all ride-hailing and delivery drivers, including four-wheeled taxis and courier services, not just motorcycle passenger services. SPAI is also urging the government to ratify the ILO Convention on platform workers and include driver protections in the new Labour Law.
Wed, 24 Jun 2026, 15:48 WIB
House Commission IX Urges Health Ministry to Review Proposal for Free Nutritious Meals for TB Patients
The House of Representatives' Commission IX has asked the Ministry of Health to reconsider plans to include tuberculosis (TBC) patients in the Free Nutritious Meals (MBG) programme. Deputy Chairman Charles Honoris raised concerns about logistical challenges and the risk of disease transmission through reusable meal containers. Health Minister Budi Gunadi Sadikin had proposed the inclusion, citing international research that adequate nutrition can accelerate recovery and reduce mortality among TB sufferers.
Wed, 24 Jun 2026, 15:47 WIB
Ministry of Industry Denies Relocation of Two Automotive Factories to Vietnam
Indonesia's Ministry of Industry has officially denied reports that automotive component manufacturers PT KAI and PT SAI are relocating their factories to Vietnam, confirming both facilities in East Java continue normal operations without any layoffs. The ministry's investigation found the companies remain active, with combined investments exceeding IDR 1.9 trillion and first-quarter 2026 production of 2.8 million components entirely for export. Officials warned that the false reports had disrupted the companies' supply chains and could harm Indonesia's broader manufacturing investment climate.
Wed, 24 Jun 2026, 15:47 WIB
China Ambassador: Whoosh Debt Restructuring Talks Progressing Well
China's Ambassador to Indonesia, Wang Lutong, has confirmed that discussions on restructuring the debt for the Jakarta-Bandung high-speed rail project (Whoosh) are proceeding smoothly. The talks are part of ongoing bilateral efforts, with Indonesian officials previously indicating the restructuring has been finalised and is awaiting formal announcement. The government has prioritised resolving the financial arrangements before advancing the project's extension to other regions.
Wed, 24 Jun 2026, 15:47 WIB
House Member Calls for Military Basic Training Evaluation After Two Deaths
A member of the Indonesian House of Representatives has urged the government to evaluate its military-style basic training programme following the deaths of two participants. TB Hasanuddin called for mandatory health checks and a review of the curriculum, suggesting a shift towards cooperative management training. The Ministry of Defence confirmed the deaths were due to heat stroke and cardiac arrest, and pledged to review safety procedures.
Wed, 24 Jun 2026, 15:46 WIB
Oman Opens Temporary Maritime Corridor Through Strait of Hormuz
Oman has announced a temporary maritime corridor through the Strait of Hormuz, coordinating with the International Maritime Organisation to uphold freedom of navigation on the vital global trade route. The move follows recent US-Iran understandings and the establishment of a joint Omani-Iranian working group to negotiate future governance of the strait. The initiative underscores Oman's commitment to international maritime law and regional stability without imposing transit fees.
Wed, 24 Jun 2026, 15:46 WIB
MSCI Scrutiny Prompts OJK Chief to Pledge Improved Transparency and Coordinated Trading Practices in Indonesian Capital Market
Indonesia's Financial Services Authority (OJK) has pledged to address concerns raised by global index provider MSCI regarding share ownership transparency and coordinated trading practices. While MSCI maintained Indonesia's Emerging Market status, it highlighted lingering institutional investor worries. The OJK views the retention as a vote of confidence and a catalyst to accelerate ongoing capital market reforms.