MSCI has changed Indonesia's information flow rating to negative, stating that there are serious problems with market transparency and the ability to access currency.

MSCI 已將印尼的資訊流評級變更為負面，指出市場透明度及貨幣兌換能力存在嚴重問題。

The 2026 Global Market Accessibility Review points out that it is still difficult to see who owns shares and that some trading activities appear to be coordinated. MSCI asserted that these issues make it hard to determine the actual amount of shares available for trading and affect fair pricing. Consequently, institutional investors find it difficult to manage their portfolios. Furthermore, the index provider emphasized that the foreign exchange market has structural problems, as there is no efficient way to trade currency offshore and onshore conditions remain too restrictive.

2026年全球市場准入審查指出，目前仍難以確定股份的持有者，且部分交易活動似乎經過協調。MSCI 主張這些問題使得難以確定實際可交易的股份數量，並影響公平定價。因此，機構投資者發現難以管理其投資組合。此外，指數提供者強調外匯市場存在結構性問題，因為缺乏高效的離岸貨幣交易方式，且在岸條件仍然過於嚴格。

These criticisms follow a period of instability that began in January, when there were warnings that Indonesia might be moved from 'emerging' to 'frontier' market status. Such a change could cause investors to withdraw up to US$13 billion, which coincided with a sharp drop in the Jakarta Composite Index. To address these pressures, Indonesian regulators introduced reforms, such as increasing the minimum free float requirement to 15 percent and changing the leadership of the exchange and regulatory agencies.

這些批評發生在一段不穩定時期之後，該時期始於一月，當時有警告稱印尼可能會從「新興市場」降級為「前沿市場」。 such a change 可能導致投資者撤出高達130億美元，與此同時雅加達綜合指數大幅下跌。為了應對這些壓力，印尼監管機構推出了改革，例如將最低自由流通量要求提高至15%，並更換交易所及監管機構的領導層。

Recent market activity shows that instability continues. After six companies were removed from MSCI indices in May due to concentrated ownership, the rupiah fell to a one-week low of 17,850 per US dollar. To stop capital flight and stabilize the economy, Bank Indonesia raised interest rates three times in a single month. While MSCI noted that South Korea took similar steps, it observed that basic accessibility problems in that country are still not solved.

近期的市場活動顯示不穩定情況仍在持續。五月份有六家公司因所有權過於集中而被移出 MSCI 指數後，印尼盾跌至一周低點，即每美元 17,850 盾。為了阻止資本外流並穩定經濟，印尼央行在單月內三次調高利率。儘管 MSCI 注意到南韓採取了類似措施，但觀察到該國基本的准入問題仍未解決。

Indonesia continues to struggle with capital outflows and a weakening currency as it tries to fix the transparency problems identified by MSCI.

印尼在嘗試解決 MSCI 指出的透明度問題之際，仍持續受困於資本外流與貨幣貶值。