Indonesia steps up market reforms to avert MSCI downgrade

When global index provider MSCI warned in January that Indonesia risked being demoted from emerging to frontier market status, it unleashed a wave of volatility, sell-offs and wild trading swings. Six months on, Jakarta’s investment chief argues the real story is not about whether the country can earn investors’ trust. “For Indonesia, this is not about short-term market status,” Investment Minister Rosan Roeslani told This Week in Asia in written replies to questions. “It is about building a...