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Prabowo leads economic, investment meeting at Hambalang residence

by 198indonesianews_v2w0tn
August 21, 2025
in BUSINESS NEWS FROM AROUND THE WORLD
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Prabowo leads economic, investment meeting at Hambalang residence
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Jakarta (ANTARA) – President Prabowo Subianto chaired a closed-door meeting at his private residence in Hambalang, West Java, on Wednesday evening to review Indonesia’s economic outlook and investment progress, according to Cabinet Secretary Teddy Indra Wijaya.

The session marked the final in a series of three ministerial meetings led by Prabowo throughout the day, Wijaya said, adding that the last meeting focused on national economic and investment developments.

According to him, several key ministers attended the final meeting in Hambalang to report and receive instructions from the President.

Among those present were Coordinating Minister for Food Affairs Zulkifli Hasan; Minister of Investment and Downstream Industry and Danantara CEO Rosan Perkasa Roeslani; Minister of Energy and Mineral Resources Bahlil Lahadalia; Minister of Agriculture Andi Amran Sulaiman; Minister of Marine Affairs and Fisheries Sakti Wahyu Trenggono; Minister of State Secretariat Prasetyo Hadi; and Deputy Minister of Agriculture Sudaryono.

Accelerating investment remains one of President Prabowo’s top priorities, as emphasized in his August 15, 2025, address on the 2026 Draft State Budget and Financial Note.

Related news: Indonesia’s economy grows above 5 pct amid global challenges: Prabowo

In the speech, President Prabowo expressed optimism that Danantara, Indonesia’s sovereign wealth fund, could serve as a key catalyst.

“We are accelerating investment and global trade. The state budget must act as a catalyst, while the role of Danantara Indonesia and the private sector must be strengthened as the driving forces of our economy,” President Prabowo stated.

“Through Danantara Indonesia, we will reinforce productive investment and position Indonesia more strongly in the global supply chain. Professionalism, competence, and integrity will be the foundation, supported by transparent and accountable governance,” he added.

The head of state also emphasized the government’s commitment to fast-tracking downstream industrial projects.

“This is Indonesia’s moment to rise as a global economic power. We will expedite various downstream projects worth approximately USD 38 billion. These projects cover multiple sectors, including mineral mining, coal downstreaming, agriculture, fisheries, and new and renewable energy,” Prabowo said in the same address.

Separately, Finance Minister Sri Mulyani Indrawati noted that Indonesia would require a total investment of IDR 7.45 quadrillion to achieve an annual economic growth rate of 5.4% in 2026.

“To reach 5.4 percent growth in 2026, we will need a total investment of IDR 7,450 trillion in terms of GDP contribution,” said Sri Mulyani during the 2026 Draft State Budget and Financial Note press conference in Jakarta last week.

Related news: IFG projects Indonesia’s 2025 economic growth at up to 5 percent

Translator: Genta, Azis Kurmala
Editor: Rahmad Nasution
Copyright © ANTARA 2025



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Tags: economicHambalangInvestmentleadsmeetingPraboworesidence
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