Dradjad urges investors to check data amid Indonesian market pressure

Indonesia’s Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo has urged investors to assess company fundamentals and economic data independently when making investment decisions, rather than relying solely on assessments by international index providers.

In a statement cited by CNBC Indonesia on 4 November 2026, Dradjad said views from organisations such as FTSE Russell remained useful references. However, investors should also examine corporate performance, share valuations and Indonesia’s economic prospects before committing their own money.

His remarks came after the Jakarta Composite Index (IHSG) recorded its worst monthly performance of 2026. Stockbit data cited on 2 November showed the benchmark lost 16.70 per cent in October compared with the previous month.

On 16 October 2026, Morgan Stanley Capital International (MSCI) opened a public consultation on a proposal to move Indonesia from emerging-market to standalone-market status. The proposal remains under consultation with market participants, with a final decision due no later than 30 June 2027. MSCI said it might provide interim updates on participants’ responses.

Dradjad said the government was continuing efforts to improve market transparency, governance and enforcement, including disclosure of share ownership. It was also maintaining discussions with index providers and market participants about necessary improvements.

He also stressed the importance of a stronger domestic investor base for market resilience, supported by clear rules, sound governance and a healthy investment environment.