President Prabowo Subianto has said that Indonesia will not be intimidated by MSCI. The remarks on Wednesday were aimed squarely at the global index provider and left little room for ambiguity about Jakarta’s stance.
“Indonesia will not be intimidated by MSCI”
— President Prabowo Subianto
The president’s message, carried in market reports dated 21 October 2026, presented the state as unwilling to yield. He framed the issue as one of resolve rather than negotiation, and he made MSCI the named audience for that warning.
A public message to the index provider
MSCI is a global index provider. Prabowo’s intervention treated the firm as a source of pressure and answered it in public. The language was plain. Indonesia, he indicated, would not be cowed.
“Indonesia would not be cowed”
— President Prabowo Subianto, in his message to MSCI
That formulation, reported alongside his refusal to be intimidated, is the core of the story as it stands. No further detail was given in the account of what prompted the rebuke, nor of any reply from the firm. What was placed on the record is the position from Jakarta: the president says his country will not be intimidated by MSCI, and will not be cowed.
