The global index provider has threatened to downgrade the country to “frontier market” status due to the lack of transparency in its stock market.

MSCI warned it may downgrade Indonesia from emerging to frontier market status, erasing $80 billion in market cap and risking up to $60 billion in outflows.

MSCI tetap mempertahankan Indonesia dalam kelompok Emerging Market.

MSCI masih menetapkan pasar modal Indonesia masuk kategori emerging market

By Amanda Lee and Ying Xian Wong