Indonesia Sell-Off Erases $82 Billion Amid MSCI Warning
MSCI is considering downgrading Indonesia from emerging-market to standalone status, citing opaque share ownership, coordinated trading and weak market oversight; the prospect has rattled investors and triggered a sharp stock-market sell-off. President Prabowo rejected the warning as intimidation, while MSCI and investors say restoring confidence will require effective enforcement and greater market transparency, not just new rules.
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About Prabowo Subianto
Prabowo Subianto Djojohadikusumo is an Indonesian politician, businessman, and retired military officer who has served as the eighth president of Indonesia since 2024. He previously served as the 26th minister of defence under President Joko Widodo from 2019 to 2024. Prabowo is Indonesia's third president to have a military background after Suharto and Susilo Bambang Yudhoyono and is the oldest first-term president in Indonesian history.
Everything about Prabowo Subianto →- Occupation
- businessperson, politician, military personnel
- Position held
- Minister of Defence, President of Indonesia, Commander of Army Strategic Reserve Command, Commander of Kopassus
- Citizenship
- Indonesia
- Born
- October 17, 1951
- Website
- http://www.prabowosubianto.info/
