Rama Sukarta, Muhammad Ghafur Fadillah, Jakarta – Indonesia's economy remains fundamentally strong despite a week of nationwide protests and violent unrest, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday.
Speaking at the Indonesia Stock Exchange (IDX) building, Airlangga pointed to foreign exchange reserves of $152 billion as of July 2025, a stable banking system, and effective coordination of fiscal, monetary, and real sector policies.
"With such solid fundamentals, short-term volatility will not alter our positive economic trajectory. The target of maintaining growth above 5 percent remains realistic and achievable," he said.
He reaffirmed the government's full commitment to safeguarding stability in financial markets and urged businesses and investors to remain calm.
"We all have a moral responsibility to keep the economy running so jobs and public welfare are preserved. The public should also avoid being provoked by irresponsible information," Airlangga said.
The minister added that the government will continue close communication with listed companies and investors to ensure investment plans stay on schedule, reflecting a responsive approach to public aspirations through constructive dialogue.
At the same event, IDX President Director Iman Rachman stressed that the stock exchange remained solid. While the composite index fell 3.5 percent at the start of trading Monday due to investor concerns over the protests, he said the fundamentals were sound.
"Market conditions are influenced by two things: fundamentals and investor perception. Our membership is actually growing, so our fundamentals are good. What's changing now is foreign investors' perception," Iman said.
Last week, the IDX reached a record high of 8,022 points before retreating on Friday. Despite today's volatility, Iman said the exchange had no plans to revise its trading halt policy, which suspends trading for 30 minutes if the index drops 8 percent.
The last trading halt occurred on April 8, after US President Donald Trump announced a 10 percent tariff on Indonesian goods.
Officials noted that Indonesia has weathered external shocks before – from global trade disputes to pandemic-related turbulence – and stressed that its economic resilience continues to anchor long-term investor confidence.
Source: https://jakartaglobe.id/business/indonesias-economy-remains-strong-despite-protest-turmoil-airlangg