Hashim Warns Against Stock Manipulation Amidst IHSG Decline, Cites Investor Concerns
Presidential Special Envoy Hashim Djojohadikusumo urged the government to take firm action against the slump in the Indonesia Composite Stock Price Index (IHSG) and rampant stock manipulation. He expressed concern over potential losses for 32.7 million investors and the possibility of MSCI reviewing Indonesia's market classification, potentially undermining market confidence.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- President Prabowo to Inaugurate EV Battery Plant in Karawang, Strengthening Domestic Ecosystem
President Prabowo is set to inaugurate an electric vehicle (EV) battery plant in Karawang, a joint venture between China's CATL and Indonesia's state-owned Antam, accelerating the integration of the domestic EV battery ecosystem.
- Indonesia Set to Operate Three EV Battery Plants Soon, President to Inaugurate
Indonesia is set to operate three electric vehicle (EV) battery plants soon. According to Coordinating Minister Bahlil Lahadalia, President Prabowo is expected to inaugurate the joint venture plant between CATL and Antam within the year, solidifying the domestic EV battery production ecosystem.
- PT Vale Indonesia's Net Profit Nearly Triples Amid Strong Nickel Output
PT Vale Indonesia (INCO), a major mining company in Indonesia, reported a significant increase in net profit for the third quarter and year-to-date 2026. This surge is attributed to higher nickel matte shipments and nickel ore sales.
- Indonesian Drones Achieve 66% Local Content, But Face Fierce Competition from Imports
Local drone manufacturer Frogs Indonesia has achieved a 66% Domestic Component Level (TKDN), exceeding government targets. However, reliance on imported key components like batteries and motors, coupled with intense price competition from cheaper imports, particularly from China, hinders production expansion. The company faces a significant drop in sales, highlighting the need for stronger collaboration between the government and related industries to foster domestic manufacturing.