![](\"https:\/\/fajar.co.id\/wp-content\/uploads\/2026\/01\/IMG_20260129_102203.jpg\")
PORTALUTAMA.NET, JAKARTA —<\/strong> Pengamat teknologi informasi Universitas Gadjah Mada (UGM), Josua Sinambela, bicara mengenai transaksi pengalihan saham PT Bayan Resources Tbk (BYAN) kepada pengusaha Haji Isam.<\/p>\n\n\n\n Josua mempertanyakan transparansi transaksi tersebut, terutama karena harga pengalihan saham disebut jauh di bawah harga yang pernah tercatat di pasar reguler.<\/p>\n\n\n\n Kata dia, persoalan ini perlu mendapat penjelasan terbuka di tengah perhatian investor global terhadap tata kelola pasar modal Indonesia dan rencana evaluasi status pasar saham Indonesia oleh penyedia indeks global, MSCI.<\/p>\n\n\n\n Ia mengingatkan agar perdebatan mengenai posisi Indonesia di hadapan MSCI tidak mengalihkan perhatian dari pertanyaan mendasar tentang keterbukaan informasi di pasar modal.<\/p>\n\n\n\n Transaksi Saham BYAN Sisakan Pertanyaan<\/strong><\/p>\n\n\n\n Josua menyinggung pengalihan 10,08 miliar saham BYAN kepada Jhonlin Baratama dengan harga Rp2.588 per saham.<\/p>\n\n\n\n Sementara itu, harga saham BYAN di pasar reguler disebut pernah mencapai Rp11.200 per saham.<\/p>\n\n\n\n Perbedaan harga tersebut menjadi salah satu hal yang perlu dijelaskan, termasuk mengenai dasar penetapan nilai transaksi dan mekanisme yang digunakan.<\/p>\n\n\n\n “MSCI dianggap mengancam, padahal transaksi BYAN saja masih menyisakan pertanyaan!,” ujar Josua, dikutip fajar.co.id, Minggu (25\/10\/2026).<\/p>\n\n\n\n Josua menegaskan, perhatian terhadap transaksi tersebut seharusnya tidak langsung diarahkan pada kesimpulan bahwa telah terjadi pelanggaran.<\/p>\n\n\n\n Namun, selisih harga yang mencolok dinilainya cukup menjadi alasan untuk meminta penjelasan yang transparan.<\/p>\n\n\n\n BEI disebut telah meminta penjelasan mengenai dasar penetapan harga transaksi tersebut. Meski demikian, transaksi itu belum dengan sendirinya membuktikan adanya pelanggaran.<\/p>\n\n\n\n Selain itu, belum ada konfirmasi bahwa MSCI secara khusus menjadikan transaksi BYAN sebagai dasar evaluasi terhadap pasar modal Indonesia.<\/p>\n\n\n\n MSCI Jangan Dibelokkan Jadi Persoalan Nasionalisme<\/strong><\/p>\n\n\n\n Josua juga menanggapi pernyataan Presiden Prabowo Subianto yang menyebut Indonesia tidak takut terhadap MSCI.<\/p>\n\n\n\n Lanjutnya, pernyataan tersebut dapat dipandang sebagai sikap tegas dalam menghadapi tekanan dari luar negeri.<\/p>\n\n\n\n Namun, ia menilai persoalan utama yang perlu dijawab adalah alasan transparansi pasar modal Indonesia menjadi perhatian investor internasional.<\/p>\n\n\n\n “Ketika Prabowo menyatakan Indonesia tidak takut terhadap MSCI, sebagian orang langsung melihatnya sebagai pertarungan harga diri bangsa melawan tekanan asing,” Josua menuturkan.<\/p>\n\n\n\n “Padahal, persoalan yang sebenarnya perlu dijawab adalah mengapa transparansi pasar modal Indonesia menjadi sorotan investor global,” tambahnya.<\/p>\n PORTALUTAMA.NET, JAKARTA — Pengamat teknologi informasi Universitas Gadjah Mada (UGM), Josua Sinambela, bicara mengenai transaksi pengalihan saham PT Bayan Resources<\/p>\n","protected":false},"author":2,"featured_media":31204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-31203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-150x150.jpg","medium":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-300x206.jpg","medium_large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-768x528.jpg","large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203.jpg","1536x1536":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203.jpg","2048x2048":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203.jpg","colormag-highlighted-post":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-392x272.jpg","colormag-featured-post-medium":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-390x205.jpg","colormag-featured-post-small":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-130x90.jpg","colormag-featured-image":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-800x445.jpg","colormag-default-news":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-150x150.jpg","colormag-featured-image-large":"https:\/\/portalutama.net\/wp-content\/uploads\/2026\/10\/IMG_20260129_102203-1024x600.jpg"},"magazineBlocksPostAuthor":{"name":"Redaksi","avatar":"https:\/\/secure.gravatar.com\/avatar\/b7471c990eaf3bbb9eb8588768e7506fe3240b053ad738bae905f94f0ebd1eb0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"PORTALUTAMA.NET, 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