Indonesia Removes Tightly Held Stocks from Jakarta Index to Avoid MSCI Downgrade

• Indonesia is removing stocks with concentrated ownership from its benchmark equities index.
• This move aims to avoid a possible downgrade of its market status by MSCI Inc.
• Global index provider MSCI has repeatedly raised concerns over investability in Indonesia.
• The action is part of Indonesia's efforts to improve market transparency and accessibility.
• The changes will take effect as Indonesia seeks to enhance its standing in global financial markets.