Jakarta, 4 June 2026 – Indonesia’s largest sector leaders may still be growing, but several are disappearing from global equity indices, raising concerns that the country’s capital market is facing an investability test despite the underlying strength of its corporate champions.

The issue has become more visible after global index providers removed multiple Indonesian companies from benchmark gauges, triggering selling pressure and renewed scrutiny over market transparency, free-float levels, liquidity and ownership structures.

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Author

Bernard Lee
Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.