Kadin Accelerates Business-Government Cooperation to Boost Economic Equality

Jakarta, VIVA – Kadin Indonesia recently held an economic diplomacy meeting, bringing together representatives from embassies and business leaders.

This initiative aims to bridge the private sector and the government to promote economic equality across Indonesia.

James T. Riady, Kadin's Vice Chairman for Foreign Affairs, emphasized President Prabowo Subianto’s vision of making Indonesia a successful, advanced nation where no one lives in poverty.

"This is why collaboration between the business sector and the government is crucial—to drive economic growth so that our people can prosper while maintaining stability," Riady said on Thursday (March 13).

He acknowledged that the government has introduced strong economic programs and highlighted that President Prabowo has encouraged Kadin Indonesia to develop real action plans to support economic growth and poverty eradication.

One of Kadin's key initiatives is holding monthly meetings with business leaders to encourage greater contributions to economic growth.

These efforts are not just focused on Jakarta but also extend to regional areas to ensure inclusive economic development.

"The world is amazed by Indonesia’s achievements. Despite negative media coverage, the market sees that our economy is still growing at over 5%," Riady noted.

He emphasized that achieving over 5% economic growth amid global uncertainty is a rare feat.

Moreover, Indonesia has successfully kept inflation at around 1%, with foreign exchange reserves steadily increasing.

"An inflation rate of just over 1% is exceptionally low. We’ve also maintained a consistent trade surplus for three years, and our foreign reserves keep rising," he added.

The global market’s confidence in Indonesia’s economic resilience is reflected in Fitch Ratings' latest report, which maintains a stable credit rating.

Riady highlighted that Indonesia’s debt-to-GDP ratio remains low, making the country an attractive investment destination.

"Many neighboring and foreign countries view Indonesia very positively because of these strong economic fundamentals," he concluded.

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VIVA.co.id

28 Juli 2025