KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

Kadin Reaffirms Commitment to Bridge Government and Business Community Amid Global Uncertainty

Jakarta – The Indonesian Chamber of Commerce and Industry (Kadin) hosted the Kadin Monthly Economic Diplomatic Breakfast, themed “Beyond Uncertainty: Building Indonesia’s Next Economy,” at Graha Sawala, Office of the Coordinating Ministry for Economic Affairs, Central Jakarta, on Friday (10/7/2026). The forum was attended by Ambassadors from partner countries, including Argentina, Iran, Italy, Tunisia, Bangladesh, Libya, Pakistan, Uruguay, and Vietnam.

The Executive Chairman of Kadin Indonesia, Anindya Novyan Bakrie, stated that amid the rapid flow of information and shifting global dynamics, an open, practical, and trusted platform for dialogue is essential to strengthen a shared understanding of Indonesia’s economic direction. According to Anin, as he is familiarly called, this regular meeting organized by Kadin Indonesia has evolved into an important platform for building constructive communication with the diplomatic community in Indonesia.

“The global economy today is increasingly interconnected, yet simultaneously more vulnerable to various shocks. Supply chains, investment flows, industrial policies, technology, energy security, food security, and geopolitics are now moving in tandem,” Anin said.

Anin emphasized that these conditions mean economic diplomacy can no longer be separated from the business world. Government-to-government relations must be supported by concrete implementation through cooperation between business players so that various strategic agreements can be realized into trade, investment, and job creation.

“Kadin Indonesia is ready to serve as a bridge between the government, the business world, regional chapters of Kadin, and international partners to ensure that various economic collaborations yield tangible benefits for the public,” Anin stated.

Anin also noted that Kadin Indonesia remains actively supportive of the national economic diplomacy agenda. One such effort is assisting with Indonesia's accession process to become a member of the Organisation for Economic Co-operation and Development (OECD), which has been underway since 2023. Anin mentioned that in the near future, Indonesia will enter the technical phase of the OECD accession through a fact-finding mission. Therefore, forums like the Kadin Monthly Economic Diplomatic Breakfast serve as a vital momentum to convey Indonesia's positive developments to the international community.

In addition to the OECD, Anin highlighted several economic diplomacy agendas carried out by Kadin Indonesia over the past month, ranging from the Indonesia-Germany Economic Dialogue with the President of the Federal Republic of Germany, H.E. Frank-Walter Steinmeier, participation in the APEC China CEO Forum 2026, the China-ASEAN Supply Chain Cooperation Forum, to academic collaborations with Tsinghua University and the Russell Group network from the United Kingdom.

These various activities, Anin said, demonstrate Kadin Indonesia's commitment to expanding trade, investment, innovation networks, and human resource development.

“Kadin is a strategic partner to the government, as mandated by law. Amidst the abundance of information and growing distortions, forums like this are crucial to present facts and show that Indonesia has strong economic fundamentals and is on the right track,” he said.

Meanwhile, the Coordinating Minister for Economic Affairs assured that Indonesia's economic fundamentals remain solid despite global economic uncertainty. Economic growth, inflation, the trade balance, and the banking sector are all deemed to be in a well-maintained condition.

Coordinating Minister Airlangga stated that Indonesia's economy is still capable of growing at around 5.1%. Meanwhile, the cumulative year-to-date trade balance continues to record a surplus, despite experiencing a deficit in the past month.

"If we look at our recent economic growth, it remains good at around 5.1%. Furthermore, our year-to-date trade balance is also still positive," Minister Airlangga said.

According to him, the monthly trade deficit was influenced by a spike in the import prices of fuel oil (BBM). On the other hand, exports of key commodities such as palm oil, coal, and ferronickel remain relatively stable, making the government optimistic that trade performance will be maintained.

"In terms of price stability, inflation also remains within the government's target range of 2.5% plus or minus 1%. The government has also prepared a number of incentives to maintain the competitiveness of the national industry," Minister Airlangga added.

He explained that one of the policies being prepared is an import duty exemption on plastic raw materials for the chemical industry. Additionally, the government will provide a zero-percent import duty tariff on LPG used as raw material for the petrochemical industry for six months.

Airlangga mentioned that government programs such as the People’s Business Credit (KUR) and housing loans continue to be disbursed with relatively strong realization. The condition of the banking sector also remains robust, reflected by double-digit growth in third-party funds and an increase in credit disbursement compared to the previous quarter.

"The World Bank, IMF, and OECD all still project Indonesia's economic growth to be around the 5% range. So, relatively speaking, everyone assesses our economy to be safe and solid," Minister Airlangga explained.

Furthermore, the Coordinating Vice Chairman for Foreign Affairs of Kadin Indonesia, James T. Riady, assessed that the development of the Artificial Intelligence (AI) sector will be one of the main drivers of Indonesia's future economy.

James revealed that Indonesia is preparing to become a hub for the development of the AI ecosystem through the construction of various digital infrastructures, including international network landing points in Batam and Bitung, as well as the development of large-capacity data centers and computing centers.

“Moving forward, AI will take center stage for Indonesia. There will be tens of billions of US dollars in investment to build computing centers utilizing the most advanced GPU (Graphics Processing Unit) technology. This is a truly remarkable development,” James said.

James hopes that information regarding these strategic investments can be better understood by the business community and international stakeholders, thereby reinforcing optimism toward Indonesia's economic prospects.

“Indonesia is one of the three major powers in the Pacific region in the coming century, alongside the United States and China. Therefore, Indonesia's economic opportunities are immense,” James concluded.

The event was attended by the leadership line-up of Kadin Indonesia, including Coordinating Vice Chairman for Law, Human Rights, and Infrastructure/Facilities M. Azis Syamsuddin; Coordinating Vice Chairman for Export Development Juan Permata Adoe; Vice Chairman for Trade and International Agreements Pahala Mansury; Vice Chairman for Foreign Relations Bernardino M. Vega; Vice Chairman for Multilateral Diplomacy Andi Anzhar Cakra Wijaya; Vice Chairman for Strategic Infrastructure Development, Rural Development, and Transmigration Thomas Djusman; and Vice Chairman for Marketing, Promotion, Innovation, and MSME Product Development Rifda Ammarina.

Also in attendance were the Chairperson of the Kadin Aceh Provincial Chapter, Muhammad Iqbal Piyeung; Chairperson of the Kadin West Sumatra Provincial Chapter, Buchari Bachter; Chairperson of the Kadin DKI Jakarta Provincial Chapter, Diana Dewi; and Chairperson of the Kadin West Nusa Tenggara Provincial Chapter, Faurani.

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KADIN INDONESIA

Indonesian Chamber of Commerce and Industry

KADIN INDONESIA

Indonesian Chamber of Commerce and Industry