{
    "success": true,
    "data": {
        "id": 2049736,
        "msgid": "under-prabowo-indonesias-mining-resources-poised-to-take-off-1792644633",
        "date": "2026-10-22 10:30:03",
        "title": "Under Prabowo, Indonesia\u2019s Mining Resources Poised to Take Off",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Former finance minister Fuad Bawazier says the Prabowo administration presents an opportunity to manage Indonesia\u2019s natural resources more effectively and use mining to drive national economic growth. He argues that stronger governance, clear ownership arrangements and law enforcement could reduce foreign-exchange leakages, raise state revenues and provide greater certainty for investors.",
        "content": "<p>Jakarta, CNBC Indonesia \u2013 Under President Prabowo Subianto\u2019s\nadministration, Indonesia\u2019s mining resources are poised to take off as a\npillar of national economic growth. Improvements to governance, tighter\nregulation of ownership and law enforcement, including in the mining\nsector, could help Indonesia become a developed country.<\/p>\n<p>Fuad Bawazier, a former finance minister who served in 1998, said the\ncurrent administration offered an opportunity to optimise the management\nof the country\u2019s natural wealth.<\/p>\n<p>\u201cI think it is already becoming clear that Indonesia will become\nprosperous and orderly, and will truly be able to take off again using\nits natural resources,\u201d Fuad said on CNBC Indonesia\u2019s Cuap Cuap Cuan\npodcast, as quoted on Thursday (22 October 2026).<\/p>\n<p>Unlike during the New Order era, Indonesia has yet to make the most\nof non-oil mining, Fuad said. He believes the time has come for the\nnatural resources sector to propel the economy to greater heights.<\/p>\n<p>\u201cDuring the New Order, the take-off did not rely on natural resources\nbecause, at the time, the only resource in season, so to speak, was oil.\nThat was about it. Now it is time for natural resources,\u201d he said.<\/p>\n<p>Fuad said Indonesia had an opportunity to transform from a developing\ncountry into a developed one by managing its natural resources in an\norderly and sovereign manner. He said arrangements for ownership based\non Article 33 of the 1945 Constitution, combined with business-friendly\nmodels, could stem foreign-exchange leakages and maximise state\nrevenue.<\/p>\n<p>Stronger law enforcement, including the efforts to reorganise the\ntin-mining sector, was a positive signal for investors and businesses to\ncontinue investing in Indonesia. The government\u2019s firm action against\nillegal mining and financial transaction crimes, he said, could create\nsound legal certainty over the long term.<\/p>\n<p>\u201cRevive the natural resources sector. Indonesia has another\nopportunity to become a developed and great nation. We should be\noptimistic. And those investments, God willing, can also go ahead,\u201d he\nconcluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/under-prabowo-indonesias-mining-resources-poised-to-take-off-1792644633",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}