Finance Minister and Kadin Strengthen Synergy to Boost Growth and Capital Market Expansion
Key Takeaways
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JAKARTA, Investortrust.id — Finance Minister Purbaya Yudhi Sadewa and the Indonesian Chamber of Commerce and Industry, or Kadin, have agreed to deepen cooperation between the government and private sector, with a shared focus on expanding the role of domestic businesses in the capital market to accelerate Indonesia’s economic growth.
The dialogue, held at the Indonesia Stock Exchange (IDX) Main Hall in Jakarta on Thursday, Oct 9, 2025, brought together key stakeholders from the Ministry of Finance, the Financial Services Authority (OJK), Self-Regulatory Organizations (SROs), and Kadin Indonesia.
OJK Board of Commissioners Chairman Mahendra Siregar said the closed-door meeting was constructive, exploring fiscal directions and how capital market activities could reinforce the real sector. “The minister outlined fiscal strategies implemented during his first month in office to stimulate the real economy, strengthen domestic demand, and promote sustainable growth,” Mahendra said after the session.
He added that the discussion aligned government fiscal measures with investor and market expectations. “This dialogue ensures that fiscal policy remains coherent with capital market dynamics,” he noted.
Kadin Chairman Anindya Novyan Bakrie said the meeting also served as an opportunity for the private sector to respond to the finance minister’s call to deepen understanding and participation in the capital market so more Indonesian companies can go public.
“It’s not only about promoting transparency but also helping companies achieve greater profitability. The capital market remains one of the most effective channels for fundraising,” Anindya said after the event titled “Capital Market Stakeholders with the Minister of Finance of the Republic of Indonesia.”
He explained that rising financial liquidity offers strong potential for equity fundraising, which could support faster business expansion. “It depends on how quickly business players can convert this liquidity and remove existing bottlenecks,” he added.
Anindya said Minister Purbaya also encouraged Kadin members to direct available liquidity toward productive investments to stimulate business and community-level economic activity. “We, both as Kadin and as listed companies, welcome the minister’s initiative. His plan to establish a deregulation or debottlenecking task force is very positive,” he said.
Anindya further emphasized that Indonesia’s growth requires active synergy between government programs, private investment, and export expansion. He pointed to exporters’ efforts to reach new markets such as Canada and the European Union — regions with import demands similar to the United States for goods like footwear, textiles, garments, furniture, and electronics.
These efforts, he added, align with the government’s push to advance industrial downstreaming and enhance national competitiveness. “To grow GDP, we depend on government spending, exports minus imports, and investment — all of which intersect. That’s why close public–private collaboration is essential,” he explained.
The Kadin chairman also cited the success of joint programs like the Free Nutritious Meal (MBG) initiative, which engages private kitchens and suppliers across Indonesia to distribute school meals daily. “That program exists because of cooperation between the government and business sector. MBG kitchens couldn’t have run without that partnership,” Anindya said.
He added that such collaboration would remain sustainable as long as the government fulfills its role as the offtaker and ensures timely payments. He also praised the government’s “3 Million Homes per Year” program, which provides interest subsidies to developers, vendors, and homebuyers, calling it a strong catalyst for economic resilience.
“With efficient government spending and sufficient liquidity in the business sector, we must embrace these opportunities optimistically. The benefits to the economy are substantial,” Anindya concluded.