Anindya Bakrie Talks 92 Percent of the Economy, Kadin is Ready to Enter Deeper

JAKARTA - Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Anindya Bakrie said that the business world has a large space to participate in driving the national economy. He referred to BPS data which showed that almost 92 percent of gross domestic product or GDP came from public consumption, private investment, and exports.

This was conveyed by Anindya after meeting President Prabowo Subianto with the Indonesian Chamber of Commerce and Industry throughout Indonesia at the Presidential Palace Complex, Jakarta, Friday, July 31.

"Seeing BPS data, almost 92 percent of the economy in the GDP comes from public consumption, private investment, and exports. So Kadin feels called to contribute to 92 percent of our economy," said Anindya.

According to Anindya, the space includes MSMEs, cooperatives, SOEs, BUMD, large companies, as well as business actors in the center and regions. Therefore, associations and business gatherings are also present in the meeting.

Anindya emphasized that Kadin was formed based on Law Number 1 of 1987. He said that Kadin has two main roles, namely as a strategic partner of the government and a business world forum.

He also associated the role of Kadin with the mandate of Article 33 of the 1945 Constitution, especially the principles of kinship, mutual assistance, economic democracy, and popular economy.

"So that's what Kadin is putting forward, Mr. President," he said.

Anindya said business actors must work hard to face the difficult global economic and geopolitical situation. He said the current conditions were predicted in a meeting between Kadin and Prabowo in Hambalang about a year ago.

At that time, said Anindya, Prabowo reminded the business world that it would face a period of turmoil, including trade wars and physical wars.

Anindya said Kadin chose to remain optimistic and find solutions. He assessed that Indonesia was still in a better condition because economic growth for 20 years was in the range of 5 percent and inflation was under control.

However, he said Indonesia still had to work harder if it wanted to get out of the middle income trap and gradually move towards 8 percent growth.