February 15, 2026 | 10:05 am
TEMPO.CO, Jakarta - The working visit of the House of Representatives' (DPR) commission overseeing finance and banking to the Financial Services Authority's (OJK) West Java office on Friday afternoon, January 30, received a lukewarm welcome from high-ranking officials at the "headquarters". Apart from officials of the representative office, no members of the OJK Board of Commissioners were present. It was a stark contrast to an earlier morning visit to Bank Indonesia's (BI) West Java Representative Office, when the members of the Commission were greeted by Bank Indonesia Deputy Governor Filianingsih Hendarta.
At BI's Bandung branch, located 4 kilometers from the West Java OJK office, DPR members addressed the food inflation rate, which stood at 6.2 percent last year. "Our goal for 2026 is to keep volatile food inflation at a range of three to five percent," DPR Commission XI deputy chairman Mohammad Hekal said in a written statement. However, no details were provided on what the House members discussed with the West Java OJK representatives.
As it turned out, members of the OJK Board of Commissioners had been summoned by DPR Deputy Speaker Sufmi Dasco Ahmad. Also present at the meeting was Commission XI Chairman Mukhamad Misbakhun. They discussed the turmoil surrounding the Indonesia Stock Exchange (IDX) following the publication of a Morgan Stanley Capital International (MSCI) report. MSCI outlined a number of issues in Indonesia's capital market, leading to a "threat" to downgrade the country's status from an emerging market to a frontier market, deeming it less suitable for investment. As a consequence, the IDX Composite (IHSG) plummeted. Investors were understandably concerned.
Dasco's meeting with OJK officials took place after IDX President Director Iman Rachman stepped down from his post. Inarno Djajadi, the OJK's Chief Executive for Capital Market Supervision, Financial Derivatives, and Carbon Exchange, assured the public that Iman's resignation would not disrupt stock trading or capital market operations. "The OJK will be taking a leading role in the process of reforming Indonesia's capital markets by overseeing the implementation of governance repairs and legal reinforcements," Inarno said on Friday, January 30, 2026.
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