Indonesia to Accelerate Market Reforms After MSCI Warning

Indonesia is fast-tracking plans to diversify ownership of its stock exchange this year and channel more institutional money into equities, part of a broader effort to overhaul markets and restore credibility after this week’s rout.

The initiative, which will also involve the country’s newly established sovereign wealth fund Danantara, is aimed at strengthening governance and boosting liquidity in a market that has faced heightened volatility in recent months, Coordinating Minister for Economic Affairs Airlangga Hartarto said Friday at a press conference.