RRI.CO.ID, Jakarta - President Prabowo Subianto has directed the state asset fund Daya Anagata Nusantara Investment Management Agency (BPI Danantara) to help align the Indonesia Stock Exchange (IDX) with the highest international standards in order to build investor confidence.

BPI Danantara CEO Rosan Roeslani conveyed the directive after a meeting with Commission VI of the House of Representatives (DPR RI) on Wednesday, February 4, 2026. 

“The directive is that our stock exchange must meet the highest standards, the highest international standards, because that creates trust,” Rosan said, as quoted by Antara. He emphasized that transparency is central to the President’s vision, noting that it determines the level of confidence capital owners have when making long-term investments.

In high-level discussions with Coordinating Minister for Economic Affairs Airlangga Hartarto and Finance Minister Purbaya Yudhi Sadewa, one of the proposals presented to the President was the demutualization of the IDX.

This structural change would transform the exchange from a non-profit entity owned by its members into a profit-oriented corporation owned by shareholders.

Chief Investment Officer of Danantara, Pandu Sjahrir, previously explained that demutualization is necessary to strengthen accountability by clarifying decision-making rights and ensuring reporting integrity. 

He added that the change would also facilitate capital expansion through private placements and attract strategic foreign institutional investors. The model is expected to increase agility, enabling faster corporate actions and more efficient decision-making amid rising global market volatility.

Rosan stressed that the proposed reforms are not solely aimed at meeting Morgan Stanley Capital International (MSCI) requirements but are intended to improve the competitiveness of the Indonesian market. “Trust has also increased, both domestically and internationally. That’s what we’re conveying,” he said.

Pandu noted that demutualization would reinforce governance and accountability, while also opening opportunities for fundraising and strengthening market integrity. He said the initiative has received support from regulators and parliament, and expressed hope that the regulatory process will proceed smoothly so that the reforms can take effect in the second half of this year. ***