# Indonesia removes closely held companies from Jakarta index to avert MSCI downgrade

https://mins.news/en/item/106598

- Financial Times, 2026-10-19 15:59 UTC
- Economy
- Original: https://www.ft.com/content/472ad6cf-438f-4d62-a41c-8725cbf53383?syn-25a6b1a6=1

> Indonesia is removing companies with concentrated ownership from the Jakarta index in an effort to avoid an MSCI downgrade. The global index provider has repeatedly questioned the investability of Southeast Asia’s largest economy.

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