TREE NEWS update: Indonesian President Prabowo Subianto said Wednesday that Indonesia will not be intimidated by global index provider MSCI. “I just want to tell MSCI that Indonesia is not afraid of any party and will not be intimidated,” Prabowo told cabinet members at a televised meeting in Jakarta. The remarks were his first direct public message to the index provider.
Indonesia’s Prabowo Says Country Won’t Be Intimidated by MSCI
Prabowo's direct public pushback against MSCI is notable because index providers shape passive fund flows and market access, so a head-of-state framing the relationship as a test of sovereignty raises the stakes. The audience is twofold: domestic constituents who respond to nationalist defiance, and foreign institutional holders who price index-inclusion risk. Whether the confrontation stays rhetorical or translates into changes in disclosure and market-access terms is the open question worth watching.
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