double-skinned crabsVietnamese crab exportergood crabexellent crab

Prabowo Warns of Resistance to Indonesia’s Economic Transformation

Celvin Moniaga Sipahutar
June 1, 2026 | 4:51 pm
SHARE
President Prabowo Subianto delivers a speech during the Pancasila Day ceremony at the Pancasila Building complex of the Foreign Ministry in Jakarta on June 1, 2026. (ANTARA FOTO/Bayu Pratama S)
President Prabowo Subianto delivers a speech during the Pancasila Day ceremony at the Pancasila Building complex of the Foreign Ministry in Jakarta on June 1, 2026. (ANTARA FOTO/Bayu Pratama S)

Jakarta. President Prabowo Subianto on Monday pledged to confront groups involved in corruption, smuggling, and other illegal economic activities, saying such practices have hindered Indonesia’s economic transformation and weakened the country’s sovereignty.

Speaking at the 2026 Pancasila Day ceremony at the Pancasila Building complex in Jakarta, Prabowo said his administration was prepared to face resistance from parties that benefit from economic leakages and oppose efforts to strengthen the national economy.

“We will face resistance from those who favor corruption, smuggling, and illegal economic activities,” Prabowo said. “We may also face opposition from those who do not love the nation and continue trying to weaken the Republic of Indonesia.”

The president said major nations must be willing to make difficult decisions that serve the interests of the people. As head of state, he pledged to defend the welfare of Indonesians and future generations through reforms aimed at ensuring the country’s natural wealth benefits its citizens more directly.

ADVERTISEMENT

Prabowo argued that while Indonesia’s economy has expanded over recent decades, the gains have not been distributed fairly. He said much of the value generated from the country’s vast natural resources — including copper, tin, gold, rare earth minerals, nickel, coal, palm oil, and agricultural commodities — has historically been enjoyed by foreign parties rather than the Indonesian people.

To address the imbalance, Prabowo said his government is pursuing a Pancasila-based economic transformation focused on strengthening national control over strategic resources. Key measures include a planned single-channel export system for natural resources through a state-owned export company, accelerated downstream industrialization projects, and tighter management of export earnings.

He also highlighted programs aimed at reinforcing economic sovereignty, including efforts to boost food security, develop rural economies through the Merah Putih Village Cooperatives initiative, and expand the government’s free nutritious meals program.

Prabowo stressed that economic development should not be judged solely by growth figures and statistical achievements.

“Economic development must produce a better life for all Indonesians,” he said, adding that farmers should have access to affordable fertilizer, fishermen should receive fair market access, and children from poor families should receive adequate nutrition.

The president said the ultimate goal of economic transformation is to create a system that delivers greater justice and prosperity while remaining aligned with the values of Pancasila, Indonesia’s state ideology.

During the ceremony, Prabowo also described Pancasila as the foundation that has preserved Indonesia’s unity for 81 years despite its vast ethnic, cultural, linguistic, and geographic diversity.

He said the ideology remains highly relevant amid growing geopolitical rivalries, trade disputes, armed conflicts, and global economic uncertainty.

“In a world increasingly divided by conflict, geopolitical rivalry, trade wars, and economic uncertainty, Indonesia has a strong foundation. That foundation is Pancasila,” he said.

Prabowo expressed confidence that consistent implementation of Pancasila’s principles in politics, law, culture, and the economy would help Indonesia become a prosperous and respected nation capable of contributing to global peace.

He concluded by urging Indonesians to uphold and practice Pancasila’s values to build a just, prosperous, sovereign, and dignified nation.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News 4 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
News Oct 18, 2026 | 1:47 pm

Books on Prabowo's Ideas Distributed Free at Jakarta Car-Free Day

Prabowo, who took office on Oct. 20, 2024, will mark the second anniversary of his presidency on Tuesday.
Business Oct 16, 2026 | 7:56 am

Two Years Into Prabowo Presidency, Infrastructure Takes Back Seat

Prabowo’s social spending push raises concerns over infrastructure delays and uneven growth beyond Java.
Business Oct 11, 2026 | 3:36 pm

Prabowo, Egypt’s Sisi Talk Trade Pact for $5 Billion Commerce

Egypt's Sisi tells Prabowo that he wants to see annual trade to reach $5 billion by 2030 as Jakarta seeks tariff deals.
News Oct 10, 2026 | 8:40 pm

Egypt's Sisi Arrives in Indonesia for Talks With Prabowo

Egyptian President Abdel Fattah el-Sisi arrives in Indonesia for talks with Prabowo Subianto to strengthen strategic ties.
Business Oct 8, 2026 | 10:31 am

Indonesia Can Hit 8% Growth With Housing, AI, Green Energy: Hashim

Hashim Djojohadikusumo says housing, AI, digital infrastructure and green energy could help Indonesia achieve 8% economic growth.
Business Oct 8, 2026 | 9:40 am

Prabowo to Launch Indonesia’s First Electric Vehicle Battery Export

Indonesia is set to export its first electric vehicle batteries as Prabowo launches a $10.2 billion industrial program.
Business Oct 7, 2026 | 2:06 pm

Bahlil Signals More Ministries May Join New Downstream Coordination

Bahlil signals one or two more ministries could join the new downstream coordination, with the Industry Ministry among those considered.
Business Oct 7, 2026 | 7:06 am

Airlangga Urges Indonesia to Catch Up With Vietnam in Digital, AI Industries

Indonesia needs to accelerate digital, semiconductor and AI industries to catch up with Vietnam and achieve its 8% growth target.
News Oct 5, 2026 | 10:23 am

Prabowo to Inaugurate Six New Military Commands on TNI Anniversary

Prabowo will inaugurate six new military commands and dozens of other units as Indonesia’s TNI marks its 81st anniversary.

The Latest


Special Updates 1 hours ago

Chandra Asri Group Receives Trade Finance Excellence Award, Reinforcing Its Role in Indonesia’s Industrial Development

Chandra Asri Group receives the Trade Finance Excellence Award at CIMB Niaga Business Summit 2026.
Special Updates 2 hours ago

AEON MALL Deltamas Brings 11 Sports and Creative Competitions to AEONLYMPIC 2026

AEON MALL Deltamas hosts AEONLYMPIC 2026, featuring 11 sports and creative competitions, with more than 3,100 participants.
Business 2 hours ago

Indonesian Stocks Extend Losses for Third Day, Fall 3.64% to 4,996

Indonesian stocks fell 3.64% on Monday, extending losses for a third straight session amid MSCI concerns and tighter trading limits.
News 4 hours ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 5 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED