EconomicIndonesia·Unpinned16 Oct 2026
Indonesia’s Danantara pledges $5 billion to domestic firms amid MSCI downgrade risk
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Indonesian sovereign wealth fund Danantara announced a $5 billion investment commitment to domestic firms over the next six to nine months to stabilize the market following an 11.6% drop in the Jakarta Composite Index. This decline was triggered by MSCI’s proposal on October 15 to downgrade Indonesia from an emerging-market to standalone status, a…
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