[REVISION HISTORY]

Prabowo administration economic policy and development

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2026-11-03 09:44 UTC → 2026-11-04 06:43 UTC · added ~~removed~~

President Prabowo Subianto has engaged in multiple high level meetings to address Indonesia’s economic direction and human resource development. In late October 2026, the President met with members of the Indonesian Chamber of Commerce and Industry (KADIN) and participants of the President Program for Future Indonesian Leaders (P3MDI) in Bogor. During this meeting, KADIN Chairman Anindya Bakrie reported that domestic investment had nearly reached Rp2,000 trillion during the first two years of the administration. Following this, the President convened a limited meeting at the Presidential Palace with key ministers and heads of state agencies to optimize economic conditions. Officials reported that state owned enterprises saw a 20 percent increase in third quarter profits compared to the previous year. These discussions took place as the Indonesian rupiah faced pressure, approaching the 18,200 level per US dollar, while investors monitored inflation and crude oil price fluctuations. On November 2, 2026, the President held a follow up limited meeting at the Presidential Palace with several ministers and agency heads, including Minister of Finance Suahasil Nazara, Minister of Investment and Downstreaming Rosan Roeslani, and Bank Indonesia Governor Destry Damayanti. Minister Nazara reported that October inflation reached 3.23 percent, staying within the government target range of 1.5 to 3.5 percent, and noted a manufacturing PMI increase to 54. The meeting also addressed the impact of global oil prices, which reached between 113 and 114 US dollars per barrel, on the state budget and government bond yields. Additionally, Nazara clarified that the Ministry of Finance will not become a shareholder in the Indonesia Stock Exchange (BEI). In early November 2026, the administration continued its focus on leadership development. On November 3, President Prabowo hosted approximately 375 students from Universitas Republik Indonesia (URI) at the Presidential Palace. These students represent the first batch of the 2026 Presidential Program for Future Leaders (P3MD), a program designed for professionals within the State-Owned Enterprises (BUMN) environment. The event included URI Governor Donny Hermawan, Minister of Higher Education, Science, and Technology Brian Yuliarto, and Minister of State Apparatus Empowerment and Bureaucratic Reform Widiyanti Rini. This followed a visit on October 30 to the Taruna Nusantara High School Cimahi campus in West Java, where students emphasized the school’s role in preparing future leaders for Indonesia’s 2045 vision.

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