{
    "success": true,
    "data": {
        "id": 2048820,
        "msgid": "indonesia-vows-to-defend-national-interests-amid-global-challenges-1792587035",
        "date": "2026-10-21 19:07:13",
        "title": "Indonesia vows to defend national interests amid global challenges",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Politics",
        "summary": "President Prabowo Subianto said Indonesia would protect its national interests and withstand external pressure, while acknowledging that substantial challenges remain. He also warned of possible sweeping spending cuts to preserve fiscal resilience after MSCI\u2019s proposed market reclassification prompted a sharp fall in the Jakarta Composite Index.",
        "content": "<p>Prabowo acknowledged that Indonesia still faced challenges and had\nmore work to do to meet public expectations.<\/p>\n<p>\u201cWe have done a good job, but we know that the challenges remain\nenormous. Our people expect more, and we still face many difficulties\nand disruptions. We continue to face obstacles,\u201d he said at a Plenary\nCabinet meeting in Jakarta on Wednesday.<\/p>\n<p>Prabowo expressed his confidence in Indonesia\u2019s ability and\nresilience to withstand various pressures through hard work and\nsacrifice.<\/p>\n<p>He said the government would continue striving to protect national\ninterests without overlooking existing challenges.<\/p>\n<p>The President also underscored the importance of perseverance in\nnavigating difficult circumstances, and Indonesia has the strength to\novercome challenges.<\/p>\n<p>Related news: Prabowo highlights global challenges at two-year\ncabinet review<\/p>\n<p>\u201cThere are all kinds of challenges, right? They want to intimidate\nus. I will say just one thing to MSCI: the Indonesian nation fears no\none and will not be intimidated,\u201d he said.<\/p>\n<p>The president also said the government was prepared to implement\ndeeper spending cuts if necessary to maintain the country\u2019s fiscal\nresilience and ensure it could navigate future challenges.<\/p>\n<p>\u201cWe have the courage, we are willing to make sacrifices, and we never\ngive up. Ladies and gentlemen, if necessary, we will implement sweeping\nspending cuts. We will tighten our belts even further,\u201d he added.<\/p>\n<p>MSCI previously announced a consultation with market participants on\na proposal to reclassify Indonesia\u2019s stock market from Emerging Market\nto Standalone Market status.<\/p>\n<p>The announcement triggered an 11.57 percent drop in Indonesia\u2019s\nComposite Stock Price Index (IHSG) to 5,185.11 on Friday.<\/p>\n<p>Following a meeting with MSCI on Monday (Oct 19), Indonesian stock\nmarket authorities announced several measures, including enhanced\ndisclosure of share ownership and the exclusion of stocks with high\nshareholding concentration from the IHSG.<\/p>\n<p>Related news: Prabowo calls forest fires \u201cenvironmental terrorism\u201d,\norders probe<\/p>\n<p>Translator: Maria Galuh, Kuntum Khaira<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-vows-to-defend-national-interests-amid-global-challenges-1792587035",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}