Indonesia’s top economic minister vows capital market reforms: ‘not merely because of MSCI’
AI Summary
Indonesia's top economic minister, Airlangga Hartarto, has pledged to implement capital market reforms and pursue market manipulators, prompted by a recent sell-off and concerns raised by MSCI. MSCI warned it might reclassify Indonesia to frontier market status by May due to a lack of transparency and coordinated trading. The Indonesian government announced reforms including increasing the minimum free float to 15%, potentially using the sovereign wealth fund to stabilize markets, and allowing pension and insurance funds to increase capital market exposure. Hartarto stated that the government's actions are mandated by law and are not solely due to MSCI's concerns, emphasizing the importance of market integrity for the overall economy.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories