{
  "id": 19594730,
  "title": "Indonesian billionaire Prajogo Pangestu's Barito Pacific to be removed from MSCI indexes",
  "url": "https://urgent.news/2026/11/12/indonesian-billionaire-prajogo-pangestus-barito-pacific-to-be-removed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T03:32:03.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/companies/indonesian-billionaire-prajogo-pangestu-s-barito-pacific-to-be-removed-from-msci-indexes-5143698.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Barito Pacific and Bumi Resources Minerals are set to be removed from MSCI's global standard index, with the latter being moved to the small cap index. These changes will require funds tracking MSCI's indexes to sell the affected shares, taking effect after the close of trading on November 30. MSCI's decision comes after the agency cited Indonesia's failure to improve ownership transparency and curb coordinated trading, leading to a downgrade risk from \"frontier\" to \"standalone\" status. The market has been struggling, with the benchmark index down over 40% this year, making it the world's worst-performing major stock market. Foreign investors have already pulled out $5.4 billion from Indonesian equities this year, with Goldman Sachs estimating potential passive outflows of $5.6 billion due to MSCI's removal of the country's stocks from its indexes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}