Indonesia Flags Tightly Held Companies in Effort to Satisfy MSCI

Indonesia took fresh steps to provide more stock market transparency by naming a clutch of companies including tycoon-linked PT Barito Renewables Energy and PT Dian Swastatika Sentosa whose ownership is concentrated in a small number of shareholders.

The notices published by the Indonesia Stock Exchange on Thursday comes as Southeast Asia’s largest economy undertakes reforms to comply with MSCI Inc.’s demands for greater transparency in the ownership of listed companies.