← Facts Registry · Read the commentary
Indonesia's Stock Market Pitch: Negative Growth, a Nephew, and a Pinky Promise
What Actually Happened
| # | Claim | Date | Entities | Source |
|---|---|---|---|---|
| 1 | The benchmark index on the Indonesia Stock Exchange (IDX) has posted what can only be described as exceptional negative seven percent growth. | Indonesia Stock Exchange, IDX | Yahoo Finance (AFP) (archived) | |
| 2 | An entity identified in the original reporting as the 'MSEI' has apparently concluded that Indonesia is not yet where it needs to be on transparency. | MSEI | Reuters (archived) | |
| 3 | The market's response to transparency concerns has been to suggest that 'Western' transparency is less essential than 'Asian family values'. | MSEI | Instagram Video (Primary Source) (archived) | |
| 4 | Indonesia's new deputy governor of Bank Indonesia (BI), the central bank, is the nephew of the president. | Bank Indonesia, BI, president | Reuters (archived) | |
| 5 | Concerns about political influence on monetary policy have been addressed via a 'pinky promise' from the deputy governor. | Bank Indonesia, BI | Instagram Video (Primary Source) (archived) | |
| 6 | The US dollar is now worth about twenty percent more than it was five years ago against the Indonesian rupiah. | US dollar, Indonesian rupiah | Instagram Video (Primary Source) (archived) | |
| 7 | An investment in the Indonesian stock market five years ago would have yielded approximately nine percent after foreign exchange losses. | Indonesia Stock Exchange, IDX | Instagram Video (Primary Source) (archived) | |
| 8 | An investment in the S&P 500 over the same five-year period would have yielded gains of approximately eighty percent. | S&P 500 | Macrotrends (archived) | |
| 9 | Indonesia's sovereign wealth fund is described in the original commentary as entering the stock market. | Indonesia sovereign wealth fund | Instagram Video (Primary Source) (archived) | |
| 10 | The original commentary raises concerns about the certainty of Indonesia's legal system. | Indonesian legal system | Instagram Video (Primary Source) (archived) |