Indonesia Speeds Up Market Reforms After MSCI Warning
Indonesia is accelerating market reforms to address concerns that prompted MSCI to threaten its emerging market status. The government also plans to divest state assets and expand its sovereign wealth fund presence abroad.
Indonesia is accelerating market reforms following an index downgrade warning from MSCI that triggered the steepest one-day stock drop in 28 years. The regulatory push addresses concerns over opaque share ownership and concentrated trading in Southeast Asia's largest economy. Authorities are racing to restore investor confidence and prevent damaging capital outflows.
