Apindo’s Sofjan Wanandi: ‘Enough Politics, Prioritize the Economy’
Bandung. Senior Indonesian business figure Sofjan Wanandi has called on the government to shift its focus toward ensuring legal certainty in economic regulation and promoting national unity, now that the country has concluded its election cycle.
Speaking during a brief dialogue with B-Universe on Monday, the Chairman of the Advisory Council at the Indonesian Employers Association (Apindo) urged policymakers to prioritize economic stability and reduce political tensions. Apindo, Indonesia’s influential business group, plays a key role in advising government policy and represents both major corporations and MSMEs across sectors.
“The elections are over, politics is over, now concentrate on the economy. This is what matters most for our people to live better lives. We’re exhausted by too much politics,” Sofjan said. “Legal certainty in economic regulations is also crucial. I hope we can unite again during these difficult times, both domestically and globally.”
Sofjan stressed that public unity alongside effective government collaboration could boost economic efficiency and improve the integration of informal workers into the formal economy.
“We need to reunite with the government to make our economy more efficient and bring more of our informal workers into the formal sector,” he said.
He also stressed the importance of supporting micro, small, and medium enterprises (MSMEs) to promote equitable growth, while also bolstering large-scale enterprises to strengthen Indonesia’s competitiveness on the global stage.
“MSMEs are essential for inclusive development, but we also need large players like those in APINDO to drive growth. Competing internationally requires big players too. We need cooperation, not just political talk or finger-pointing,” Sofjan said.
He warned against politicizing economic issues, urging stakeholders to focus on practical collaboration instead.
MSMEs contribute 61 percent to Indonesia’s GDP and employ around 97 percent of the total workforce, or approximately 120 million people.
The Central Statistics Agency (BPS) reported GDP growth of 4.87 percent year-on-year in the first quarter of 2025, down from 5.04 percent in the previous quarter. Indonesia’s GDP growth target in the 2025 state budget is set at 5.3 percent. The government is aiming for economic growth in the range of 5.2 percent to 5.8 percent in 2026, with a long-term target of reaching 8 percent expansion by 2029.
Tags: Keywords:Related Articles
Data Leak Fears Plague Indonesian Firm Annual Reporting Rule
Limited liability companies must submit their annual reports to a ministry-run system, sparking fears over data leaks.Exporters Endorse State Export Agency DSI, Seek Gradual Rollout
Indonesia’s leading business groups backed Prabowo’s export reform plan while calling for a gradual and transparent rollout.Rupiah Slide Pushes Indonesian Firms Into Cost-Cutting Mode
Companies boost hedging, cut spending, and seek local suppliers as rupiah weakness hits operations.Weakening Rupiah Forces Indonesian Businesses to Delay Expansion Plans
Around 70% of manufacturing raw materials in Indonesia are still imported, while raw materials account for roughly 55% of production costs.Indonesia’s 5.61% Growth Not Fully Felt by Businesses, Apindo Says
Indonesia’s 5.61% growth masks business strain, with rising costs and a weaker rupiah squeezing margins, Apindo says.Apindo Warns Production Could Stall Next Month on Supply Shortages
Apindo warns of supply disruptions and rising costs as Middle East tensions hit raw materials, raising risks to production stabilityIndonesia’s Workforce Grows Faster Than Jobs, 1.5 Million Left Behind
About 3.5 million people enter the workforce annually, while the economy is only able to absorb roughly 2 million.Businesses Question One-Day WFH Plan
Businesses warn the proposed one-day WFH policy risks disrupting operations, urging a deeper study and flexible, sector-specific rules.Low Export Keeps Indonesian Small Businesses Safe From Iran War Impact
As of 2024, MSMEs made up 15.7% of Indonesia’s non-oil and gas exports.The Latest
Prabowo Orders Up to 50 Ethanol Plants to Support E20 Fuel Program
Indonesia plans E20 gasoline within years, backed by up to 50 new ethanol plants and a nationwide sugarcane replanting drive.US, Canada, Mexico Claim Success as World Cup Co-Hosts
US, Canada, Mexico have claimed success as host countries for the World Cup as enthusiasm soars for the final match.China’s WAICO or US-Led Pax Silica? Indonesia Stays Neutral
Indonesia says that it is taking part in the two AI-related initiatives proposed by the rivalring major powers China and the US.JCI Posts Strongest Weekly Gain in Months on Debt Confidence
Indonesia's benchmark index climbed 4.24% this week as healthy external debt data lifted sentiment despite global uncertainties.Febrie Adriansyah Denies All Allegations After 11-Hour AGO Questioning
Former prosecutor Febrie Adriansyah denied all allegations, including claims he received Rp 50 billion, after an 11-hour AGO questioning.Most Popular
