Prabowo Courts Indonesia’s Top Tycoons in Push for Jobs and Growth

JAKARTA, Investortrust.id — President Prabowo Subianto held a late-night meeting with five of Indonesia’s most powerful tycoons at his private residence in Hambalang, Bogor, on Tuesday, Feb. 10, underscoring his administration’s push to align state policy with big business in driving growth and job creation.

According to Cabinet Secretary Teddy Indra Wijaya, the meeting lasted more than four hours, from around 7 p.m. to 11:30 p.m., and was held at the request of the business leaders.

Those in attendance included Prajogo Pangestu of Barito Pacific Group, Boy Thohir of Adaro Energy, Sugianto Kusuma, widely known as Aguan of Agung Sedayu Group, Anthony Salim of Salim Group, and Franky Widjaja of Sinar Mas Group.

Prabowo used the meeting to emphasize what he described as an “Indonesia Incorporated” approach, calling for tighter coordination between the government, large corporations, and other stakeholders to boost national competitiveness and accelerate economic development.

“In the meeting, President Prabowo stressed the importance of the Indonesia Incorporated spirit, meaning close collaboration across sectors between the government, the business community, and all stakeholders to strengthen competitiveness and speed up economic development,” Teddy said in a statement posted on the Cabinet Secretariat’s official Instagram account.

The discussions ranged across Indonesia’s near-term economic challenges and longer-term strategic priorities, including food security, energy independence, and industrial development that directly affects employment and household welfare.

Teddy said the executives expressed a unified commitment to support the government’s flagship programs, including the free nutritious meals initiative, education from primary schools to universities, healthcare, subsidized housing, cooperatives, fishing villages, and broader food and energy sovereignty.

President Prabowo also urged the business leaders to work with the government to create jobs, particularly in the real sector, as part of efforts to expand domestic industry and strengthen micro, small, and medium-sized enterprises.

“Industrial development must have a direct impact on the people, create jobs, and strengthen national self-reliance,” Prabowo said during the meeting.

For Prabowo, who took office promising faster growth and a stronger manufacturing base, the Hambalang gathering highlighted his strategy of engaging Indonesia’s top conglomerates as partners in executing state priorities, rather than treating them solely as regulated entities.

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