{
    "success": true,
    "data": {
        "id": 1761870,
        "msgid": "prabowo-urged-to-tackle-rupiah-and-ihsg-slump-1780342208",
        "date": "2026-05-24 21:00:00",
        "title": "Prabowo urged to tackle rupiah and IHSG slump",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Economy",
        "summary": "Chairman of the Indonesian Native Entrepreneurs Association (Asprindo), Prof Didin Damanhuri, has questioned the effectiveness of President Prabowo Subianto's recent meeting with former officials from Susilo Bambang Yudhoyono's administration. He argues that concrete measures are needed to address factors affecting the rupiah and IHSG, including governance reforms in MBG, KDMP, and capital markets to boost investor confidence and economic growth amid global uncertainties.",
        "content": "<p>Chairman of the Advisory Council of the Indonesian Native\nEntrepreneurs Association (Asprindo), Professor Didin S Damanhuri, has\nquestioned the effectiveness of President Prabowo Subianto\u2019s meeting\nwith several officials from former President Susilo Bambang Yudhoyono\u2019s\n(SBY) administration. He believes that President Prabowo\u2019s actions will\nnot be sufficient to halt the ongoing depreciation of the rupiah and the\nJakarta Stock Exchange Composite Index (IHSG).<\/p>\n<p>\"In my view, the government, with President Prabowo as the highest\nleadership figure, should begin concrete measures to address factors\naffecting the rupiah\u2019s exchange rate and the IHSG,\" Didin told media on\nSunday, 24 May 2026.<\/p>\n<p>\"One such measure, according to Didin, is for the government to\nimprove the governance of MBG and KDMP to make them more targeted and\nefficient. This would expand fiscal space and reduce the state budget\ndeficit, while preventing the accumulation of foreign debt,\" he\nadded.<\/p>\n<p>\"He also urged the government to reform the capital market\ngovernance, which is plagued by \u2018manipulation\u2019 by major players. This is\ncrucial to regain trust from domestic and international investors in the\ncapital market as a vehicle for boosting capital and industrial growth\nfor large corporations, SMEs, and foreign entities,\" he said.<\/p>\n<p>\"Didin also warned the government to maintain a healthy climate for\nthe capital and banking markets to encourage sound portfolio investment\ninflows. These steps would help Indonesia drive economic growth amid\nglobal geopolitical and economic uncertainties,\" he added.<\/p>\n<p>Previously reported, President Prabowo Subianto met with several\nformer officials from the administration of former President Susilo\nBambang Yudhoyono (SBY) at the Presidential Palace complex in Jakarta on\nFriday, 22 May 2026. Among the SBY-era officials present were former\nBank of Indonesia (BI) Governor Burhanuddin Abdullah (2003-2008), former\nNational Development Planning Minister\/Head of Bappenas Paskah Suzetta\n(2005-2009), Deputy National Development Planning Minister\/Deputy Head\nof Bappenas Lukita Dinarsyah Tuwo, and former Indonesian Ambassador to\nChina Sudrajat (2005-2009).<\/p>\n<p>\"During the meeting, they shared experiences from handling the 2008\ncrisis. Most of them served during the 2004-2014 period,\" said Economic\nCoordination Minister Airlangga Hartarto after accompanying President\nPrabowo in the meeting.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-urged-to-tackle-rupiah-and-ihsg-slump-1780342208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}