OJK OJK OPEN ABOUT EKS SBY Tuding Singapore

The Financial Services Authority (OJK) opened the sound of Muhammad Lutfi trading Eks (MSCI) trading Minister (MSCI) who is using Singapore's global index provider agency Morgan Stanley Capital International to suppress the Indonesian stock market.

Commissioner Chairman of the OJK Friderica Widyasari Goddess's Council has confirmed that the regulator has chosen to work rather than confuse public speculation.

"Let's get to work. Let others commune, please. Let's think about it, but let's do it.

Friderica revealed OJK has worked as much as possible in executing the stock market reform. He emphasized that legal enforcement and corrective measures had been going on massive since last January, even before the MSCI sentiment issue.

"So if we say we didn't do anything, that would be a mistake. Even if we've all been out so much with everything we've done, it's" tough boss OJK. "

Previously, Eks Trade Minister Muhammad Lutfi made use of Singapore's global index provider Morgan Stanley Capital International (MSCI) to suppress the Indonesian stock market.

Lutfi served as a minister in two presidential generations. First, the era of President Susilo Bautan Yudhoyono (SBY) he served on February 14 - October 20 2014. Second, in the era of President Joko Widodo (Jokowi) (The period served December 23, 2020, June 15, 2022.

In his response, he suspected that Singapore's move was to drop stock prices on the Indonesian capital market and allow foreign investors to buy RI stock at a cheap price.

According to him, the pressure was made through a threat of a classification of Indonesian markets from emerging markets to independent markets.

"Then, why did Singapore go through such a giant institution as Temasek and GIC which had a huge impact in MSCI so insistent on pressing Indonesia?" said Lutfi in the upload reels in his official Instagram account @ m.lutfi, Monday (19 / 10).

Lutfi even claimed to have information that a GIC official named Rachel Goh was trying to suppress MSCI to lower the status of the Indonesian capital market.

"In fact, I got a live feed inside, Rachel Goh in GIC was angry and hit MSCI to get Indonesian ratings dropped,

There is no evidence for this. The claim of Singapore's involvement, Temacek, GIC, or the figure they call it has not been verified independently.

Lutfi suspects the pressure on the Indonesian capital market has to do with the interest of foreign investors who want to re-buy stock at a lower price.

He claims the foreign institution funds have come out about 80 percent of the Indonesian market. However, the release of the funds is called not making stock prices fall as expected by foreign investors.

"This foreign institution fund has come out about 80 percent of the Indonesian market. The thing is, when they came out, our stock wasn't destroyed. Because the price didn't go down, they couldn't go back in for cheap," he said.