National Economic Movement Supports Prabowo-Gibran, This Is What Is Calculated

Prabowo Subianto and Gibran Rakabuming Raka (Photo: Antara)

JAKARTA - Volunteers for the Prabowo-Gibran National Economic Movement (Gendeng) support the Prabowo Subianto and Gibran Rakabuming pairs. Especially in strengthening the national financial system.

"Indonesia's capital market and financial industry have a central role and are increasingly dominant in encouraging Indonesia's economic growth," said Genderang Volunteer Chair Denny R. Thaher quoting Antara.

He explained that the circulation of funds in the capital market continues to increase, involving various investors, both domestic and foreign. The investment is spread across various instruments such as stocks, bonds, sukuk, mutual funds and various other derivative products that have been regulated by the Financial Services Authority (OJK) along with other regulators.

According to Denny, the success of President Joko Widodo (Jokowi) for the last 10 years in strengthening the national economy, through various strategic projects and expanding to various regions of Indonesia, has had a positive impact on the performance of issuers on the Indonesian Stock Exchange.

It was this positive capital that made the Genderang Volunteers elect the Presidential-Prospective Vice Presidential Candidate (Cawapres) Prabowo Subianto-Gibran Rakabuming Raka, in the 2024 presidential election (Pilpres) to continue Indonesia's leadership in the future.

Sustainability and sustainability are the keys to achieving Indonesia's gold target by 2045. We, capital market volunteers and the financial industry, want to help win the Prabowo-Gibran pair in the 2024 presidential election contestation," he asserted.

This was conveyed by Denny ahead of the grand Prabowo-Gibran campaign at the Gelora Bung Karno Main Stadium (SUGBK) Senayan.

Based on OJK data, by the end of 2023 the number of investors in the capital market has reached more than 12.16 million investors. This number has increased sharply compared to 2019 which only reached 2.48 million investors.

In 2023, OJK data noted that the number of bonds and sukuk issued in rupiah reached IDR 6,187 trillion. Meanwhile, similar instruments issued in the United States currency amounted to USD 534.36 billion.

Over the past 7 years, the Composite Stock Price Index (JCI) on the Indonesia Stock Exchange (IDX) has become one of the parameters for the success of the global stock index. The JCI market capitalization which reached IDR 11,674 trillion in 2023 further strengthens the position of the Indonesian stock market compared to the stock index in areas such as Singapore, Thailand, Malaysia, and the Philippines. The 2023 JCI capitalization has skyrocketed compared to 2016 which only reached around IDR 5,753 trillion.

"For investors and players in the financial industry, political stability and legal certainty are important factors expected from the government. Therefore, Genderang Volunteers support the realization of an honest, fair, transparent and fair election process, so that elected leaders can continue Indonesia's development with high trust from the people," explained Denny.

Genderang is a volunteer group based on professionals in the economic, financial and capital markets who have a vision to win presidential candidate Prabowo-Gibran in the 2024 presidential election contestation.