KEM-PPKF 2027: Aspebindo Supports President Prabowo's Vision of Economic Sovereignty, Here's the Record
JAKARTA - The Association of Energy, Coal, and Mineral Suppliers of Indonesia (Aspebindo) gave high appreciation to the major direction of economic policies conveyed by President Prabowo Subianto in a speech related to the Macro Economic Framework and Fiscal Policy Elements (KEM-PPKF) for the 2027 Fiscal Year at the DPR RI, Wednesday (20/5/2026).
Aspebindo Chairman, Anggawira, assessed that President Prabowo's commitment to strengthening mine management and encouraging the export of minerals in a structured manner through State-Owned Enterprises (SOEs) showed a strong spirit in upholding national economic sovereignty.
"The government's spirit is very understandable. This is a strategic step to increase the value added of commodities, strengthen Indonesia's bargaining position in the global market, and ensure that natural wealth is returned as much as possible for the national interest in accordance with the mandate of Article 33 of the 1945 Constitution," said Anggawira when contacted by VOI, Thursday, May 21.
According to Anggawira, there are three main positive points in the President's speech that should be supported by the business world:
Strengthening Commodity Governance: The government's strong desire to end dependence on raw material exports, which have been minimal, has an impact on the multiplier effect for the domestic economy. SOEs as Global Aggregators: Making SOEs as strategic trading houses is considered to have the potential to boost Indonesia's bargaining power for strategic commodities, ranging from coal, nickel, bauxite, copper, to critical minerals supporting the electric vehicle (EV) ecosystem.Although he fully supports this grand vision, Aspebindo reminded that the main challenge lies at the execution level. Anggawira emphasized the importance of translating this sovereignty vision into policies that remain efficient and market-friendly.
"The business world welcomes this commitment. However, from the perspective of energy and mining industry players, its implementation later must be carried out carefully, measured, and must not create new uncertainties that can hold back investment rates," he concluded.