When MSCI floated the idea of downgrading Indonesia to a Standalone Market, anxiety quickly swept through Jakarta’s financial community. Predictably, alarming headlines immediately pointed to foreign capital flight, stock prices dropped and local regulators quickly moved to calm jittery investors. Yet, treating this stock market tremor as a proxy for Indonesia’s overall economic health represents […]

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For decades, the Indonesia Stock Exchange has run like a members’ club, where the brokers who trade on the IDX also own it. But that cozy arrangement is about to end under an amended financial sector law that requires the exchange to demutualize. The Financial Services Authority, or OJK, has issued a new regulation on […]

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