February 5, 2026 | 11:03 am
TEMPO.CO, Jakarta - Danantara CEO Rosan Roeslani stated that President Prabowo Subianto places great importance on the quality and credibility of Indonesia's capital market. The President requested that the stock exchange be managed to the highest standards to boost investor confidence, both domestic and international.
"His directive is that our stock exchange must meet the highest standards, high international standards, because that reflects trust," Rosan said after a meeting with Commission VI of the House of Representatives (DPR) on Wednesday, February 4, 2026.
He explained that President Prabowo directly inquired about the latest developments in the stock exchange and the steps the government is taking to strengthen the national capital market.
According to Rosan, the discussion took place with officials in charge of the economic sector, including Coordinating Minister for Economic Affairs Airlangga Hartarto and Minister of Finance Purbaya Yudhi Sadewa.
Rosan stated that the discussion with the president covered not only Morgan Stanley Capital International (MSCI)'s assessment of the transparency of the Indonesian stock market but also long-term strategies for improving the capital market.
"We are conveying the stock exchange's developments and what we are doing, not just to respond to MSCI, but also to make our exchange better, more transparent, and increase trust," said Rosan.
Rosan added that the principle of transparency is key to stock exchange management. Transparency, he said, is crucial for investor confidence and interest in investing in the Indonesian stock market.
"Confidence in investing in the capital market is largely determined by how standards and transparency are implemented," Rosan said.
Previously, MSCI temporarily suspended rebalancing, or adjustments to the composition and weighting of Indonesian stocks. According to MSCI, investors are concerned about the transparency of Indonesia's share ownership structure.
In its announcement, MSCI stated that despite minor improvements in the free float data published by the Indonesia Stock Exchange (IDX), global investors continue to highlight the weak transparency of the share ownership structure. This situation is considered to raise concerns about investment capacity and the potential for coordinated trading practices that could disrupt fair share price formation.
In response to this assessment, the Financial Services Authority (OJK) revealed that it held an online meeting with the IDX and MSCI on Monday, February 2, 2026. Hasan Fawzi, Member of the Board of Commissioners and Acting Chief Executive Officer for the Capital Market, Financial Derivatives, and Carbon Exchange Supervision at the OJK, stated that the regulator, along with the IDX and PT Kustodian Sentral Efek Indonesia (KSEI), had submitted a proposed solution to address MSCI's concerns.
"We already have a plan to address all related issues," Hasan said on Monday, January 2, 2026.
The plan includes three main commitments. First, the OJK is committed to increasing the transparency of share ownership data, including ownership by shareholders above 1 percent, even those below the 5 percent threshold that has been the standard reporting standard.
Second, the regulator will expand investor classification. Previously, investor data was divided into nine main types, but going forward, this classification will be broken down into 27 investor subtypes. This step is expected to improve the clarity and credibility of beneficial ownership disclosures.
The third commitment relates to the plan to increase the free float or free vote threshold from the current minimum of 7.5 percent to 15 percent. Hasan emphasized that this policy will be implemented gradually and involve all market players.
The Financial Services Authority (OJK) also promised to regularly report progress on the implementation of this commitment to the public as part of efforts to increase transparency with MSCI. "We hope to receive confirmation of acceptance at that time," he said.
Hasan added that after the policy-level meeting, the OJK and MSCI will continue discussions at the technical level. During this meeting, MSCI will reportedly provide a more detailed explanation of the methodology and calculations used in assessing the Indonesian stock market.
Alfitria Nefi P contributed to the writing of this article.
Read: Despite JCI Drop, Danantara Eyes Stocks with Strong Basics
Click here to get the latest news updates from Tempo on Google News
Indonesia, Australia Shift Toward Stronger Investment Ties
37 menit lalu
Exploration of strengthening investment cooperation between Indonesia & Australia is a continuation of growing bilateral trade relationship.
Today's Top 3 News: White House Experts Are Studying Indonesia's MBG Program, Says Prabowo
1 hari lalu
Here is the list of the top 3 news on Tempo English today.
Despite JCI Drop, Danantara Eyes Stocks with Strong Basics
2 hari lalu
BPI Danantara remains interested in investing in stocks with sound fundamentals, despite the Jakarta Composite Index (JCI) plunging.
Indonesia's IHSG Plunges, Danantara CIO: A Good Time to Buy
2 hari lalu
The CIO said Danantara, active in the financial market, plans to buy stocks with attractive valuations or strong cash flow.
Prabowo Says Former SOE Leaders Could Face Prosecutorial Summons
2 hari lalu
President Prabowo Subianto has called on former executives of state-owned enterprises (SOEs) who mismanaged their companies to be held accountable.
IDX Responds to Danantara's Interest in Demutualization Plan
3 hari lalu
Indonesia Stock Exchange (IDX) responds to Danantara's interest in becoming a shareholder if the demutualization plan is implemented.
Danantara: No Discussions of Himbara Board of Directors Replacement
4 hari lalu
BPI Danantara CEO Rosan Perkasa Roeslani said there was no talk of changing the board of directors at the Himbara bank.
Danantara: Perminas to Manage Indonesia's Rare Earth Minerals
4 hari lalu
The Indonesian government has identified which mines will be operated under Perminas.
Danantara May Enter Indonesia Stock Exchange After Demutualization Plan
5 hari lalu
Danantara expresses its interest in following the footsteps of sovereign wealth funds from other countries that are listed in the stock exchange.
Martabe Gold Mine Operator Focuses on Sustainable Practices
6 hari lalu
PT Agincourt Resources said it respects government mining policies and will comply with all applicable legal and administrative requirements.
