MSCI clock ticking on Indonesia’s broken and untrusted IDX

The Indonesia Stock Exchange (IDX) has long been criticized for its outdated mutual ownership model, which stifles growth and competitiveness on the global stage. This archaic system, where brokerage firms that use the exchange also own it, contrasts sharply with modern market practices. With MSCI's attention focused on these issues, the pressure is mounting for Indonesia to reform its capital market structure to attract more foreign investment and boost economic growth. This reform is crucial not just for Indonesia's financial future, but for its overall economic development in a competitive global market.