Prabowo Accuses MSCI of Intimidating Indonesia After Stock Market Rout
Indonesian Defense Minister and presidential candidate Prabowo Subianto has accused MSCI of market manipulation and intimidation following a rout in the country's stock market. He expressed concerns over MSCI's influence on the Indonesian economy through its ratings and index calculations.
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
- Prabowo's Tough Stance on MSCI Sees Rp576 Billion Foreign Capital Flight in 3 Hours
Immediately after Indonesian President Prabowo declared Indonesia is unafraid of potential downgrades by MSCI, foreign capital fled the Indonesian stock market, with net foreign sell reaching Rp576.78 billion within three hours. This indicates a market reaction to the president's strong rhetoric.
- MSCI Downgrade Scare Highlights Indonesia's Economic Resilience
MSCI's potential downgrade of Indonesia to a Standalone Market caused financial jitters. However, this event does not reflect overall economic weakness, but rather highlights Indonesia's underlying resilience through swift regulatory action and robust domestic investment.
- Jakarta's 2026 Budget Execution Below Expectations, Governor Urges Faster Spending
Jakarta's 2026 Regional Budget execution rate reached only 54.39% by the end of September. Governor Pramono has instructed regional apparatuses to expedite project completion to avoid year-end spending concentration and ensure tangible benefits for citizens.
- Rupiah Weakens Past Rp18,000 Against US Dollar Amid BI Rate Stance
The Indonesian Rupiah has weakened past the Rp18,000 mark against the US Dollar, signaling a continued downward trend. This depreciation is largely attributed to Bank Indonesia's (BI) decision to maintain its policy interest rate, contrary to market expectations, which has reportedly prompted investors to sell Rupiah.