{"id":1376,"date":"2026-06-19T23:30:07","date_gmt":"2026-06-19T23:30:07","guid":{"rendered":"https:\/\/asianewscast.com\/2026\/06\/19\/msci-downgrades-indonesias-information-flow-criterion-on-transparency-concerns\/"},"modified":"2026-06-19T23:30:07","modified_gmt":"2026-06-19T23:30:07","slug":"msci-downgrades-indonesias-information-flow-criterion-on-transparency-concerns","status":"publish","type":"post","link":"https:\/\/www.asianewscast.com\/?p=1376","title":{"rendered":"MSCI downgrades Indonesia&#8217;s information flow criterion on transparency concerns"},"content":{"rendered":"<div class=\"content\">\n<div class=\"layout layout--onecol\">\n<div class=\"layout__region layout__region--content\">\n<section data-title=\"Leaderboard  01 Article\" class=\"block block-ad-entity block-ad-displayleaderboard-01-article clearfix\">\n<div class=\"block-title\">Advertisement<\/div>\n<div id=\"ad-entity-3QszAx_9N7A\" class=\"ad-entity-container not-initialized\" data-ad-entity=\"lb01_mobile\" 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data-ad-entity-view=\"mc_adobe_advertisement_provider_default\" data-ad-entity-variant=\"[&quot;tablet-ios&quot;]\" data-ad-entity-targeting=\"{&quot;entitytype&quot;:&quot;node\/article&quot;,&quot;entitylabel&quot;:&quot;MSCI downgrades Indonesiau0027s information flow criterion on transparency concerns&quot;,&quot;entityuuid&quot;:&quot;af66e044-0c58-43b8-8c12-39d8689f0f49&quot;}\">\n<\/div>\n<\/section><\/div>\n<\/p><\/div>\n<div class=\"layout layout--onecol\">\n<div class=\"layout__region layout__region--content\">\n<section data-title=\"Content Details\" class=\"block block-mc-content-detail block-content-details clearfix article-detail-title-block\">\n<div data-title=\"Content Details\" class=\"content-detail block block-mc-content-detail block-content-details clearfix article-detail-title-block\">\n<p class=\"content-detail__category\">\n<a class=\"link\" href=\"\/asia\"><br \/>\n      Asia<br \/>\n  <\/a>\n    <\/p>\n<h1 class=\"h1 h1--page-title\">\n      MSCI downgrades Indonesia&#8217;s information flow criterion on transparency concerns<br \/>\n  <\/h1>\n<div class=\"content-detail__description\">\n<p>The index provider said the downgrade reflected opacity in ownership data and market activity, which undermines proper price formation and constrains global investors&#8217; ability to assess the true free float of listed companies.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/p><\/div>\n<div class=\"layout layout--twocol-section layout--twocol-section--75-25\">\n<div class=\"layout__region layout__region--first\">\n<section data-title=\"Hero Emphasis\" class=\"block detail-hero-media block-mc-hero-emphasis block-hero-emphasis clearfix\">\n<figure data-title=\"Hero Emphasis\" class=\"figure block detail-hero-media block-mc-hero-emphasis block-hero-emphasis clearfix\" data-img-id=\"\">\n<p>      <img decoding=\"async\" class=\"image\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--Ii1exPN0--\/c_fill,g_auto,h_468,w_830\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:cna,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/06\/10\/indonesia_economy_idx-6.jpg?itok=pglj92-G\" alt=\"MSCI downgrades Indonesia&apos;s information flow criterion on transparency concerns\" title=\"MSCI downgrades Indonesia&apos;s information flow criterion on transparency concerns\"><figcaption class=\"figure__caption\">\n<p>A view of the trading hall at the Indonesia Stock Exchange in Jakarta on Jun 10, 2026. Authorities have taken steps to stabilise financial markets following volatility in the rupiah and Indonesian equities. (Photo: CNA\/Ridhwan Siregar)<\/p>\n<\/figcaption><\/figure>\n<\/section><\/div>\n<div class=\"layout__region layout__region--second\">\n<section data-title=\"Content share and bookmark\" class=\"block block-mc-content-share-bookmark block-content-share-bookmark clearfix\">\n<div data-title=\"Content share and bookmark\" class=\"article-publish article-publish-- block block-mc-content-share-bookmark block-content-share-bookmark clearfix\">\n        19 Jun 2026 12:09PM<br \/>\n                        <span>(Updated: 19 Jun 2026 12:10PM)<\/span>\n            <\/div>\n<div class=\"js-popup-content\">\n<div class=\"bookmark-share\">\n<div class=\"bookmark-share-icon\">\n<a class=\"link bookmark-link\" data-uuid=\"af66e044-0c58-43b8-8c12-39d8689f0f49\" data-nid=\"6194321\" href=\";\"><\/p>\n<p>  <span class=\"link__text visually-hidden\"><br \/>\n    Bookmark<br \/>\n  <\/span><br \/>\n  <\/a><br \/>\n<a class=\"link bookmark-link-anonymous hidden\" 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Give it a try.<br \/>\n        <\/span>\n    <\/div>\n<div class=\"fast-tooltip__close-button\" role=\"button\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"fast-button__tooltip-fast-back-button\">\n<div class=\"fast-tooltip hidden\">\n<div class=\"fast-tooltip__body\">\n<div class=\"fast-tooltip__label\">\n              <span class=\"fast-tooltip__non-touch\"> Click here to return to FAST <\/span><br \/>\n        <span class=\"fast-tooltip__touch\"> Tap here to return to FAST <\/span>\n    <\/div>\n<div class=\"fast-tooltip__close-button\" role=\"button\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>    <a title=\"FAST\" href=\"https:\/\/www.channelnewsasia.com\/fast\/6194321\" class=\"fast-button\"><br \/>\n               FAST <\/p>\n<p>    <\/a>\n  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/section>\n<section data-title=\"Content\" class=\"block block-layout-builder block-field-blocknodearticlefield-content clearfix\">\n<div>\n<div class=\"content-wrapper\">\n<div class=\"text\">\n<div class=\"text-long\">\n<p>MSCI on Thursday (Jun 18) downgraded Indonesia&#8217;s information flow criterion to negative, as it reiterated concerns around transparency in shareholding structures and signs of coordinated trading in the country&#8217;s stock market, in its 2026 Global Market Accessibility Review.<\/p>\n<p>Indonesia&#8217;s capital markets have plunged since MSCI, a provider of equity, fixed income, real estate indices, in January flagged transparency concerns and warned of a downgrade to frontier status from emerging, a move that could trigger outflows worth as much as US$13 billion.<\/p>\n<p>The benchmark Jakarta stocks index is down more than 27 per cent this year, making it the worst-performing major market in the world, with foreign investors having sold about US$3.76 billion worth of Indonesian stocks so far in 2026.<\/p>\n<p>The index provider said the downgrade reflected opacity in ownership data and market activity, which undermines proper price formation and constrains global investors&#8217; ability to assess the true free float of listed companies.<\/p>\n<div class=\"in-article-games trimmed-content\">\n<div class=\"game-list-header\">CNA Games<\/div>\n<div class=\"game-list\">\n              <a class=\"game-tile\" href=\"https:\/\/www.channelnewsasia.com\/games\/guess-word\"><\/p>\n<div class=\"game-img\">\n            <img decoding=\"async\" title=\"Guess Word\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--9rksCQgs--\/c_fill,g_auto,h_100,w_100\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2025\/12\/03\/game_icon_-_wordrow_-_light_mode.png?itok=y_y6Lkrj\" alt=\"Guess Word\">\n          <\/div>\n<div class=\"game-desc\">\n<div class=\"game-title\">Guess Word<\/div>\n<div class=\"game-abt\">Crack the word, one row at a time<\/div>\n<\/p><\/div>\n<p>        <\/a><br \/>\n              <a class=\"game-tile\" href=\"https:\/\/www.channelnewsasia.com\/games\/buzzword\"><\/p>\n<div class=\"game-img\">\n            <img decoding=\"async\" title=\"Buzzword\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--rNELTwDG--\/c_fill,g_auto,h_100,w_100\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2025\/12\/03\/game_icon_-_buzzword_-_light_mode.png?itok=gjNCaVEc\" alt=\"Buzzword\">\n          <\/div>\n<div class=\"game-desc\">\n<div class=\"game-title\">Buzzword<\/div>\n<div class=\"game-abt\">Create words using the given letters<\/div>\n<\/p><\/div>\n<p>        <\/a><br \/>\n              <a class=\"game-tile\" href=\"https:\/\/www.channelnewsasia.com\/games\/mini-sudoku\"><\/p>\n<div class=\"game-img\">\n            <img decoding=\"async\" title=\"Mini Sudoku\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--cDNZgbXf--\/c_fill,g_auto,h_100,w_100\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2025\/12\/03\/game_icon_-_mini_sudoku_-_light_mode.png?itok=XJMtZA-S\" alt=\"Mini Sudoku\">\n          <\/div>\n<div class=\"game-desc\">\n<div class=\"game-title\">Mini Sudoku<\/div>\n<div class=\"game-abt\">Tiny puzzle, mighty brain teaser<\/div>\n<\/p><\/div>\n<p>        <\/a><br \/>\n              <a class=\"game-tile\" href=\"https:\/\/www.channelnewsasia.com\/games\/mini-crossword\"><\/p>\n<div class=\"game-img\">\n            <img decoding=\"async\" title=\"Mini Crossword\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--vQydxQJa--\/c_fill,g_auto,h_100,w_100\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2025\/12\/03\/game_icon_-_mini_crossword_-_light_mode.png?itok=xnGbWUBS\" alt=\"Mini Crossword\">\n          <\/div>\n<div class=\"game-desc\">\n<div class=\"game-title\">Mini Crossword<\/div>\n<div class=\"game-abt\">Small grid, big challenge<\/div>\n<\/p><\/div>\n<p>        <\/a><br \/>\n              <a class=\"game-tile\" href=\"https:\/\/www.channelnewsasia.com\/games\/word-search\"><\/p>\n<div class=\"game-img\">\n            <img decoding=\"async\" title=\"Word Search\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--lVhq9IJO--\/c_fill,g_auto,h_100,w_100\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2025\/12\/03\/game_icon_-_word_search_-_light_mode.png?itok=J7DBf8e2\" alt=\"Word Search\">\n          <\/div>\n<div class=\"game-desc\">\n<div class=\"game-title\">Word Search<\/div>\n<div class=\"game-abt\">Spot as many words as you can<\/div>\n<\/p><\/div>\n<p>        <\/a>\n          <\/div>\n<div class=\"in-article-games__full-story-wrapper\">\n<div class=\"in-article-games__full-story-button-wrapper\">\n<a class=\"in-article-games__full-story-button\" href=\";\"><br \/>\n      Show More<br \/>\n  <\/a>\n      <\/div>\n<\/p><\/div>\n<div class=\"in-article-games__full-story-button-wrapper\">\n<a class=\"in-article-games__full-story-less-button\" href=\";\"><br \/>\n      Show Less<br \/>\n  <\/a>\n    <\/div>\n<\/p><\/div>\n<p>MSCI also pointed to foreign exchange market limitations as another barrier for investors.<\/p>\n<p>&#8220;There is no efficient offshore currency market and there are constraints on the onshore currency market in Indonesia,&#8221; MSCI said, noting that the level of foreign exchange liberalisation remains limited.<\/p>\n<p>The January warning and subsequent market rout had spurred a slate of reform measures, including doubling the minimum free float for listed companies to 15 per cent as the brass of the exchange and regulatory body resigned in a single afternoon.<\/p>\n<p>MSCI in April extended its review on Indonesian markets and in May removed six companies, most of which were tied to tycoons, from its indexes, leading to another sharp drop in stocks.<\/p>\n<p><span>Indonesia&#8217;s rupiah weakened and equities were choppy on Friday. The b<\/span>enchmark Jakarta Composite Index\u00a0drifted in a tight range around its prior close where it settled after the central bank hiked interest rate for a third time in a month.<\/p>\n<div>\n<p>The rupiah dipped to 17,850 per US dollar, nearing a one-week low.<\/p>\n<\/div>\n<p>On South Korea, MSCI said the country has pressed ahead with reform measures introduced in recent years, but underlying market accessibility issues remain unresolved.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content-wrapper\">\n<div class=\"referenced-card\">\n<h4 class=\"h4 h4--related-block\">\n<div>Related:<\/div>\n<\/h4>\n<div>\n<div>\n<div class=\"media-object\">\n<div class=\"media-object__figure\">\n  <a class=\"link\" href=\"\/asia\/indonesia-economy-rupiah-stock-exchange-6176131\"><br \/>\n            <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--ANfK4E3l--\/c_fill,g_auto,h_98,w_175\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2021-08:cna,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/06\/10\/indonesia_economy_idx-3.jpg?itok=DGULecKU\" alt=\"Indonesia economy idx-3\"><br \/>\n                <\/a>\n    <\/div>\n<div class=\"media-object__content\">\n<div class=\"media-object__body\">\n<div class=\"list-object\">\n<h6 class=\"h6 list-object__heading\">\n<a class=\"h6__link list-object__heading-link\" href=\"\/asia\/indonesia-economy-rupiah-stock-exchange-6176131\"><br \/>\n      <span>Rupiah slide and \u2018Sell Indonesia\u2019 stocks: Jakarta\u2019s counter moves useful but experts flag deeper fiscal concerns<\/span><br \/>\n  <\/a><br \/>\n  <\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"media-object\">\n<div class=\"media-object__figure\">\n  <a class=\"link\" href=\"\/asia\/indonesia-danantara-bond-issuance-economic-turmoil-6186446\"><br \/>\n            <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/dam.mediacorp.sg\/image\/upload\/s--RmnVV6jc--\/c_crop,h_576,w_1024,x_0,y_45\/c_fill,g_auto,h_98,w_175\/fl_relative,g_south_east,l_mediacorp:cna:watermark:2023-11:afp_watermark_14112023,w_0.1\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/06\/16\/danantara-sovereign-wealth-fund.jpg.jpg?itok=zUDB-O2c\" alt=\"\"><br \/>\n                <\/a>\n    <\/div>\n<div class=\"media-object__content\">\n<div class=\"media-object__body\">\n<div class=\"list-object\">\n<h6 class=\"h6 list-object__heading\">\n<a class=\"h6__link list-object__heading-link\" href=\"\/asia\/indonesia-danantara-bond-issuance-economic-turmoil-6186446\"><br \/>\n      <span>\u2018Investor confidence high\u2019: Indonesia touts Danantara bond success amid recent market turbulence<\/span><br \/>\n  <\/a><br \/>\n  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A view of the trading hall at the Indonesia Stock Exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MSCI downgrades Indonesia&#039;s information flow criterion on transparency concerns - Asia Newscast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asianewscast.com\/?p=1376\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MSCI downgrades Indonesia&#039;s information flow criterion on transparency concerns - Asia Newscast\" \/>\n<meta property=\"og:description\" content=\"Advertisement Asia MSCI downgrades Indonesia&#8217;s information flow criterion on transparency concerns The index provider said the downgrade reflected opacity in ownership data and market activity, which undermines proper price formation and constrains global investors&#8217; ability to assess the true free float of listed companies. 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