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Global index provider MSCI was trying to "intimidate" Indonesia but the country would not be afraid, President Prabowo Subianto told his Cabinet on Wednesday (Oct 21). MSCI had announced it could demote Indonesia's equities to "standalone" market status after it claimed the country had not adequately tackled coordinated trading practices in its stock market.
Prabowo also said that the government would revoke permits of companies found to have deliberately started forest fires — acts that could be considered "environmental terrorism". He added that the country will expose the companies involved, in response to "certain countries that enjoy insulting Indonesia". Read more: https://cna.asia/3VXaLsE; https://cna.asia/4hTaAak
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