Indonesian President Prabowo Subianto declared that Indonesia will not be “intimidated” by MSCI’s proposal to downgrade the Southeast Asian country’s market to “standalone” status, alongside Argentina, Nigeria, and Ukraine.
“Our country continues to face all sorts of disturbances, including the MSCI. They are trying to intimidate us,” Prabowo said during an address to his cabinet. “I simply want to tell MSCI: the Indonesian nation fears no one and will never back down.”
