Business · Markets · 8 hrs ago
FTSE Russell Keeps Indonesia in Secondary Emerging Market Category
FTSE Russell kept Indonesia in the Secondary Emerging Market category after a meeting with the Indonesia Stock Exchange on October 23.
Exchange chief Jeffrey Hendrik discussed reforms focused on transparency, liquidity and market oversight.
FTSE also confirmed Indonesia is not on a reclassification watchlist, which the exchange described as recognition of its reform efforts.
Market categories help investors compare countries and guide funds that track global stock indexes.
A change in status can affect which funds consider a market and how they invest, although no change was announced for Indonesia.
The exchange said FTSE had already stated Indonesia’s status in a report dated October 6.
FTSE Russell kept Indonesia’s stock market in the Secondary Emerging Market category.
The decision was confirmed after an online meeting with Indonesia Stock Exchange chief Jeffrey Hendrik on October 23.
Hendrik said he briefed FTSE Russell on reforms focused on transparency, liquidity and market surveillance.
He said Indonesia was not placed on FTSE Russell’s reclassification watchlist.
FTSE Russell had stated the classification in a report dated October 6, according to Hendrik.
- Who
- FTSE Russell kept Indonesia in the Secondary Emerging Market category.
- What
- It maintained Indonesia’s market classification and did not add the country to its reclassification watchlist.
- When
- The meeting took place on October 23; the decision was discussed publicly on October 26, 2026.
- Where
- The meeting was held online. Hendrik later spoke at the Indonesia Stock Exchange in Jakarta.
- Why
- Hendrik said he presented reforms concerning transparency, liquidity and surveillance; FTSE Russell praised steps taken in Indonesia’s capital market.
This story does not have two clearly opposing sides.
FTSE Russell’s report stated that Indonesia was classified as a Secondary Emerging Market, according to Jeffrey Hendrik.
Hendrik held an online meeting with FTSE Russell and discussed capital-market reforms.
Hendrik told a press conference in Jakarta that FTSE Russell had maintained Indonesia’s classification and left it off the reclassification watchlist.
- Classification
- Secondary Emerging Market
- Meeting date
- October 23
- FTSE report date
- October 6
- Watchlist
- Indonesia was not included on the reclassification watchlist
- Reform areas
- Transparency, liquidity and surveillance
4 sources
What people are saying
FTSE expressed appreciation for what has been done in Indonesia’s capital market.
FTSE confirmed that in its report on October 6 it had clearly stated that it classified Indonesia as a Secondary Emerging Market.
Indonesia was not included in the watchlist, and that is certainly a very strong confirmation from FTSE and an appreciation of the reforms we have carried out.