Indonesia completes stock market reforms for index providers

Indonesia has finalized a series of capital market reforms aimed at meeting the requirements of global index providers and rebuilding investor confidence. The move follows a period of significant volatility and pressure on the nation's financial markets. Hasan Fawzi, the chief capital market supervisor of the Financial Services Authority (OJK), announced that authorities would release a list of stocks characterized by high shareholder concentrations following the market close on Thursday. These measures were initiated after MSCI INC issued a warning in late January regarding a potential downgrade, citing concerns over transparency in stock ownership and trading activity.