From Voi · · 50s
Indonesia's Capital Market Overhaul
Indonesia plans major capital market reforms to boost transparency and prevent stock manipulation.
In brief
Indonesia plans major capital market reforms to boost transparency and prevent stock manipulation. Indonesia's government aims to strengthen capital market transparency and governance after President's cabinet directive. Originally reported by Voi.
Economy Minister's Capital Market Focus
Deputy Coordinating Minister for Economy Dradjad Hari Wibowo stressed fundamental economic conditions amid capital market dynamics and rupiah fluctuations.
“The President in the cabinet meeting emphasized that we must make fundamental improvements to our capital market”
Capital Market Transparency Goals
The government aims to increase transparency and governance, preventing stock price manipulation and 'fried shares'.
“One of the main motivations of the government is to tighten the disclosure of information on share ownership above 1 percent”
MSCI Index Classification Response
Dradjad urged investors not to panic over MSCI's classification change from emerging market to standalone market.
“We also have other index providers, and they have not lowered Indonesia's status”
Rupiah Resilience and Consumption Shifts
The government highlighted rupiah stability and shifting consumer behavior from physical stores to digital platforms.
“This development must be anticipated to map the dynamics of the domestic economy while increasing the competitiveness of national products in the digital market”
In short
Indonesia's government aims to strengthen capital market transparency and governance after President's cabinet directive.
