MSCI released its market classification review on June 24 2026 and kept Indonesia in the emerging market category. OJK welcomed the outcome.
Global index provider Morgan Stanley Capital International or MSCI acknowledged reform steps announced by the Financial Services Authority, Indonesia Stock Exchange and Central Securities Depository. The steps include increased disclosure for shareholders above 1 percent, more detailed investor classification, a High Shareholders Concentration framework and a roadmap toward a 15 percent minimum free float.
MSCI said it will continue to assess the scope, consistency and effectiveness of the reforms until the November 2026 Index Review. If progress is insufficient, MSCI may consider consulting on reclassifying Indonesia to frontier market status.
OJK Executive Head of Capital Market Supervision Hasan Fawzi said the assessment outcome matched expectations and serves as momentum to strengthen reform agendas. He added that Indonesia received the best accessibility rating in the Asia-Pacific region after China and Malaysia.
