Key insights and market outlook
President Prabowo Subianto stressed the importance of achieving energy self-sufficiency and combating corruption in Indonesia's development during his New Year address to the cabinet. He emphasized that relying on foreign energy imports hinders the nation's prosperity and poverty reduction efforts 1
In his first New Year address to the cabinet, President Prabowo Subianto highlighted two critical themes for Indonesia's future development: achieving energy self-sufficiency (swasembada energi) and maintaining zero tolerance for corruption. The President emphasized that Indonesia's reliance on foreign energy imports is a significant barrier to achieving true prosperity and lifting its citizens out of poverty 1
Prabowo stressed that continuing to depend on foreign energy sources would prevent Indonesia from reaching its full economic potential. He stated, "If we depend on other nations for our energy, it's impossible for us to be prosperous, impossible for us to escape poverty." This statement underscores the administration's commitment to prioritizing domestic energy production and reducing reliance on imports 1
The President also addressed the issue of corruption, expressing his frustration with individuals and groups that seek to profit from corrupt practices and the suffering of ordinary citizens. Prabowo condemned these elements, stating that there are both domestic and international forces that wish to see corruption, mismanagement, and deceit flourish in Indonesia. He urged members of the cabinet to remain united and demonstrate their commitment to serving the nation's interests rather than personal gain 2
Prabowo called upon the members of the Merah Putih Cabinet to stand firm in their commitment to good governance. He assured them that with clean intentions and a focus on the welfare of the people, they need not fear criticism or slander. The President's message emphasized the importance of integrity and transparency in government operations 2
New Year Address by President Prabowo
Energy Self-Sufficiency Announcement
Anti-Corruption Statement