Prabowo Reaffirms Commitment to Indonesian Cooperatives
Jakarta. President Prabowo Subianto has reaffirmed his commitment to advancing Indonesian cooperatives.
The Indonesian leader has just kicked off a gathering of the Indonesian Regency Government Association (Apkasi) in Tangerang. In his speech, Prabowo reaffirmed the government’s commitment to growing cooperatives, as mandated by Article 33 of the 1945 Constitution.
"Article 33 reminds us that the Indonesian economy must be structured as a joint effort based on the principle of family. This is the foundation of the economic democracy we uphold," Prabowo told the conference.
Cooperatives Minister Budi Arie Setiadi expressed his commitment to carrying out the president’s mandate. The Red and White Cooperatives also become pivotal in these efforts. This is a nationwide program that sees the government setting up over 80,000 cooperatives across Indonesian villages in a bid to simplify the food distribution chain and drive the local economy.
"President Prabowo emphasized that cooperatives have become a path to achieving social justice and prosperity for all Indonesian people. In accordance with the spirit of Article 33, cooperatives will be the driving force of an inclusive and equitable people's economy," Budi Arie said.
Budi said he wanted to see cooperatives present across every corner of the country so it could create a real impact on the people.
"With the Red and White Village Cooperatives, we want to make sure that every village has an economic center that is managed collectively and for the common good," he said.
He invited everyone to back the Red and White Cooperatives initiative. Apkasi’s chair, Bursah Zarnubi, said that the regency-level governments were ready to support the program.
"The synergy between the central government, regional governments, and the cooperative movement will accelerate the achievement of equitable prosperity. With cooperatives, people are not just objects of development, but the main subjects driving the economy," Budi Arie said.
Tags: Keywords:Related Articles
Govt Targets Completion of 35,872 Village Cooperatives by August
Indonesia aims to complete 35,872 village cooperatives by August as the government prepares them to distribute subsidies and support farmersRed-and-White Cooperatives to Combine Microfinance, Retail and Healthcare
Indonesia plans to expand village cooperatives into hubs offering microfinance, retail, and healthcare services nationwide.Indonesia Pushes Village Cooperatives, Rolls Out 6% Loans to Boost Rural Economy
Indonesia expands village cooperatives and introduces 6% loans to boost rural economies, with 34,000 facilities built.DPR Urges President to Rethink $1.5b India Truck Imports
The DPR has asked the President to reconsider large-scale vehicle imports from IndiaLawmakers, Industry Question Indonesia’s Rp 25 Trillion Car Import Plan
Indonesia’s plan to import Rp 25 trillion in vehicles from India is drawing criticism from industry and lawmakers over jobs and capacity.The Latest
Pertamina Slashes Prices of Three Fuels From Aug. 1
Pertamina cut prices for three non-subsidized fuels from Aug. 1.Trump Too Stubborn to Rejoin Paris Agreement: Indonesian Minister
Indonesia's Environment Minister Jumhur Hidayat says other countries should deal with Trump quitting the Paris Accord.Indofood Sales Rise 9% as Rupiah Weakness Hits First-Half Profit
Indofood’s first-half sales rose 9%, but net profit fell 19% as rupiah weakness increased unrealized foreign-exchange losses.JCI Ends Week Higher as Investors Digest Earnings, Fed Decision
JCI rose 0.64% as strong corporate earnings offset uncertainty over Bank Indonesia’s leadership and foreign outflows.Bumi Resources Sets 84 Million-Ton Coal Sales Target After Profit Jumps 87%
Bumi Resources targets up to 84 million tons of coal sales in 2026 after first-half net income jumped 87% to $72.3 million.Most Popular
