Finance Minister Purbaya Confirms IDX to Soon Meet MSCI

RRI.CO.ID, Jakarta - Minister of Finance Purbaya Yudhi Sadewa said the Indonesia Stock Exchange (IDX) will soon meet with Morgan Stanley Capital International (MSCI), calling the talks crucial to resolving regulatory and transparency issues in Indonesia’s stock market.

The technical coordination meeting is scheduled for Monday, February 2, 2026, and will be led by the Acting President Director of the IDX, Jeffrey Hendrik. 

Jeffrey was appointed as interim president director by the IDX’s board on Saturday, January 31, following the resignation of Iman Rachman. Before stepping into the role, Jeffrey served as the IDX’s Director of Development.

Minister Purbaya said the government had decided not to intervene directly in the process to preserve the exchange authority's independence.

“Jeffrey Hendrik and his team at the exchange should resolve the issue in accordance with internal procedures because they are independent. The government will not interfere. We are only providing support so they can carry out their work properly,” Minister Purbaya said after a press conference at Wisma Danantara in Jakarta on Saturday, January 31, 2026.

Minister Purbaya stressed that the exchange’s management has full authority to handle disputes with global index providers. He said the government’s role is limited to providing moral support and macro-level oversight to ensure the institution's smooth operation.

Acting President Director Jeffrey Hendrik said representatives from the Financial Services Authority (OJK) will also take part in the meeting. He confirmed that OJK officials Friderica Widyasari Dewi and Hasan Fawzi will join the online discussion with MSCI executives.

“I will represent the IDX in the meeting with MSCI executives, and representatives from OJK will also participate. We will assure the global index provider that Indonesia is committed to improving transparency and governance,” Jeffrey said.

Jeffrey said the joint team will deliver a comprehensive explanation of improvements to exchange governance. He said the authorities are working to provide legal certainty for shareholders in Indonesia’s domestic financial market.

Jeffrey added that the exchange has already initiated communication with several other global index providers. He said feedback from international stakeholders has become a key reference in refining the national trading system.

“We have already communicated with several global index providers and have taken on board what they expect. We will deliver all of this as quickly as possible to provide confidence and protection for all investors, both global and domestic,” Jeffrey said. (Naura Sofia/Lasti Martina)