Jakarta - Amid ongoing socio-political dynamics, Indonesia's national economy continues to demonstrate resilience, underpinned by strong fundamentals. To ensure the continuity of economic growth, the Government remains committed to strengthening the stability of Indonesia’s capital market as one of the main pillars of the national economy. Market stability is key to maintaining investor confidence, ensuring conducive market activity, and supporting sustainable economic development.

"Fundamentally, Indonesia has solid resilience. In the second quarter, the economy recorded a growth of 5.12% year-on-year, and the Manufacturing PMI has returned to 51.5. This was supported by an expansion in output and new demand, which in July stood at 49.2%, and has since rebounded," stated Coordinating Minister for Economic Affairs Airlangga Hartarto at a press conference on Indonesia’s Capital Market Stability, held at the Indonesia Stock Exchange (IDX) Building in Jakarta, Monday (September 1, 2025).

In his remarks, Minister Airlangga also expressed his deep condolences to the victims of the social unrest that occurred in late August. He underscored the importance of maintaining national unity and a conducive environment to sustain economic growth. Despite short-term turbulence, he affirmed that Indonesia’s economic growth remains on a positive and stable path.

On the investment side, an upward trend is also reflected in the increase in capital goods imports and rising activities in the manufacturing sector. To achieve the economic growth target of 5–5.2%, the Government continues to implement various strategies, including efforts to meet the investment targets for the second half of 2025. In line with this, the capital market has also recorded positive momentum, marked by the Composite Stock Price Index (IHSG) reaching an all-time high at the end of August.

To maintain this momentum, the Government has prepared a number of comprehensive strategies for the second semester of 2025, including the acceleration of state expenditure realization, additional stimulus packages, and programs to boost household consumption. Initiatives in housing, tourism, and the Free Nutritious Meals Program are being fast-tracked to ensure the benefits are immediately felt by the people. The Government is also pushing capital spending to stimulate economic circulation at the grassroots level, while ensuring that domestic consumption remains strong as the main driver of growth.

In the labor sector, the Government has formed a Task Force for Layoff Prevention (Satgas Pencegahan PHK). Minister Airlangga expressed hope that the task force would help improve worker welfare and expand employment opportunities. This is in line with the directive of President Prabowo Subianto, who emphasized that the Government will continue to advocate for the interests of the people, especially the smallest and most vulnerable groups.

Furthermore, Minister Airlangga conveyed President Prabowo's message on the importance of safeguarding national unity amid current socio-political dynamics. With the spirit of “Indonesia Incorporated”, the effort to maintain economic growth and national stability is not the Government’s responsibility alone, but a shared duty of all elements of the nation. Therefore, the public is urged not to be easily provoked, as social stability is the key to ensuring economic development stays on course.

On this occasion, Minister Airlangga also reaffirmed that the Government will continue to maintain open communication with market players, issuers, and investors to ensure that all investment plans proceed on schedule. According to him, market stability is a shared responsibility between the Government, the business community, and the public. He called on business actors to remain calm and optimistic.

Moreover, the Government is committed to ensuring that foreign exchange reserves remain strong, the national banking system remains sound, and cross-authority coordination functions effectively. With the support of all stakeholders, Indonesia is confident in its ability to maintain stability, continue economic growth, and ensure that the welfare of the people remains a top priority.

"To all capital market participants, I want to affirm that the Government has both the capacity and the commitment to maintain economic stability. As of July, our foreign exchange reserves stood at USD 152 billion, which is a healthy level to support export-import activities. Our national banking system also remains robust," concluded Minister Airlangga.

The press conference was also attended by President Director of the Indonesia Stock Exchange, Iman Rachman; Chief Executive of Capital Market, Derivatives Finance, and Carbon Exchange Supervision at the Financial Services Authority (OJK), Inarno Djajadi; Secretary of the Coordinating Ministry for Economic Affairs, Susiwijono Moegiarso; Deputy for State-Owned Enterprise Business Development and Management Coordination, Ferry Irawan; Spokesperson for the Coordinating Ministry, Haryo Limanseto; and other directors from Self-Regulatory Organizations (SROs).