Indonesia vows to continue capital market reforms ahead of MSCI review

Jakarta (ANTARA) - Indonesia's Financial Services Authority (OJK) will continue implementing reforms to strengthen capital market governance ahead of MSCI's November index review, OJK Chief Commissioner Friderica Widyasari Dewi said on Tuesday.

MSCI is scheduled to announce the results of its November 2026 Index Review on Wednesday (Nov. 11). The review will determine which stocks are added to or removed from its global indexes, including Indonesian equities.

“We continue to pursue reforms. As I have always said, these reforms are not being carried out solely because global index providers have given us input, but because we consider their feedback very positive. So, we will continue making improvements,” Dewi told reporters at the Indonesia Stock Exchange (IDX) building in Jakarta.

She explained that efforts to strengthen capital market governance were being carried out comprehensively, including by involving several individuals with strong credibility and integrity in relevant committees.

The OJK and the IDX were also maintaining communication with global index providers through the exchange's team, she added.

Dewi said capital market reforms were a collective effort to ensure that stock market manipulation practices would not recur.

She urged market participants to assess Indonesia's capital market objectively, taking into account the country's economic fundamentals and corporate performance.

“We should look at the fundamentals, including our economy. Listed companies' latest financial reports have also shown growth in both profits and revenue,” she said.

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Translator: Bayu Saputra, Kuntum Khaira
Editor: Primayanti
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