# Indonesia's Capital Market Overhaul

> Indonesia plans major capital market reforms to boost transparency and prevent stock manipulation.
- Title: Indonesia's Capital Market Overhaul · Voi | Shortify
- Summary: Indonesia plans major capital market reforms to boost transparency and prevent stock manipulation.
- Keywords: indonesia, capital market, rupiah exchange rate, financial governance, stock manipulation, msci index classification, Voi
- Source: Voi — https://voi.id/en/ekonomi/601478
- Read time: 1 min
- Topics: indonesia, capital market, rupiah exchange rate, financial governance, stock manipulation, msci index classification, news
## 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
## Key takeaway

Indonesia's government aims to strengthen capital market transparency and governance after President's cabinet directive.