Jakarta, February 18, 2025 - The Coordinating Minister for Economic Affairs, Airlangga Hartarto, in his opening address of the Indonesia Economic Summit 2025 urged business leaders and industry captains to join the Indonesian Government’s push in becoming th dominant player in the global supply chain of the electric vehicles (EVs).

Indonesia has a competitive advantage in the global supply chain of electric vehicles. “We have to be confident that there will be no (EVs) battery without Indonesian resources. T world needs Indonesia, so let us capitalize this for the future,” said Airlangga Hartarto.

Airlangga Hartarto said the Indonesian economy shows resilience as evident in manageable inflationary rates, economic growth that is above the global growth rate and strong trade surplus despite facing challenges of rising global geopolitical tensions, trade protectionisms, and ‘higher-for-longer’ interest rates environment.

The Coordinating Minister said among the key policies undertaken by the government to achieve economic growth target include the implementation of Free Nutritious Meal Program (MBG) and the establishment of Danantara, a sovereign wealth fund with IDR 900 trillion assets under management (AUM), and the downstreaming of mineral resource.

The Indonesia Economic Summit 2025 kicked off today with over 1,500 attendees from 48 countries hearing insights from more than 100 world-renowned speakers of business executives, policymakers, industry leaders and thinkers on the way forward for Indonesia to accelerate economic growth and raise the well-being of its 280 million people.

Arsjad Rasjid, the Chairman of the Board of Trustees of the Indonesian Business Council (IBC), opened the inaugural event of the Indonesia Economic Summit with welcomi remarks noting that the success of a nation to achieve its growth potential and lasting prosperity comes to three key themes: the need for Great Policy, Real Action and the Synergy Between the Private and Public Sectors.

“Today, in this summit, we are here to talk about two things. Two things that define the nation’s future: growth and prosperity. They are not just big words and buzzwords. They are the test of whether the rise or fall as a nation in the global economy,” said Arsjad Rasjid Arsjad Rasjid shared his hopes that IES 2025 will become the platform where “ideas becoming actions, discussion lead to measurable impacts.

Prof. Dr. Boediono, Former Vice President of the Republic of Indonesia, shared his insights of a period starting from the early eighties until the onset of the Asian Financial Crisis in 1997 which saw the Indonesian economy grow in the range of 6% to 7%. This period of strong growth is due to “a strong consensus among policymakers that development is a long-term sequential, cumulative and path-dependent process” and a strong understanding to avoi “costly policy u-turn and unproductive policy zigzagging.

The two-day IES 2025 will host plenary sessions, business roundtables and networking events for more than 1,500 attendees coming from 48 countries. In the first day of the IES 2025 on February 18, key themes for discussion include how to accelerate Indonesia’ economic growth, strategies to eliminate extreme poverty and pathways to achieve a greener future.

Discussion on the second day of the IES 2025 on February 19 will center on how to navigate international trade amid rising protectionism, Indonesia’s goal to achieve food security, an how to cultivate and nurture future talents.

About the Indonesia Economic Summit (IES): The Indonesia Economic Summit (IES) serves as the annual flagship event of the Indonesi Business Council (IBC). This prestigious high-level forum is meticulously designed to convene business leaders, policymakers, global thinkers, and industry champions. The summit’s primary aim is to elevate Indonesia’s profile on the international stage as a dynamic growth hub, fostering the promotion of investments and expanding the scope of economic and business interactions with the global business community. The IES inaugural summit will be held for two days on 18-19 February 2025 at the Shangri-La Hotel in Jakarta, Indonesia

About the Indonesian Business Council (IBC): The Indonesian Business Council (IBC) is an association of business and industry leaders in Indonesia. Established in February 2023, IBC’s vision is to foster a powerful alliance promoting collaboration between the private and public sectors. IBC aims to enhance Indonesia’s competitiveness, strengthen the national economy, and improve the prosperity o its people. IBC produces research-based policy recommendations by combining rigorous research with data-driven analysis, and insights from business and industry leaders. It advocates for strategic policy changes and initiatives that promote economic growth. For media inquiries, please contact:
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