Luhut Reports to Prabowo: The World is Facing a Perfect Storm
President Prabowo Subianto held a meeting with the National Economic Council (DEN) ahead of the first anniversary celebration of Danantara Indonesia at Wisma Danantara Indonesia in Jakarta on Wednesday, 11 March 2026. The meeting discussed developments and strategies for determining Indonesia’s economic policy direction amid the global situation.
“I informed the President that the world is facing a ‘perfect storm’. Escalation of the Middle East conflict is occurring whilst global economic recovery remains unstable. The impact is very real for global energy supply chains and we do not know when this situation will ease,” Luhut said as quoted from his personal Instagram on Thursday, 12 March 2026.
“Like steering a ship in extreme weather, every decision must be made with precision so we stay on the correct course,” he added.
However, Luhut assured that energy supplies such as fuel and gas remain adequate domestically, despite continued fluctuations in global energy prices.
To address this, the former Coordinating Minister for Maritime Affairs and Investment said the DEN would continue monitoring global energy prices to prepare mitigation measures to ensure the impact is controlled against the national budget.
“Our primary focus is ensuring external shocks do not directly strike public purchasing power,” Luhut said.
On the other hand, Luhut recounted that Prabowo issued firm instructions to accelerate energy self-sufficiency so Indonesia gradually reduces its dependence on fossil fuels. The President also emphasised efficiency through government digitalisation, including a pilot project for digital disbursement of social assistance to ensure better targeting and minimise budget leakage.
“Additionally, deregulation through strengthening the OSS system and implementation of Government Regulation Number 28 of 2025 are key to keeping our business climate competitive,” Luhut said.
According to Luhut, the speed and accuracy of decision-making based on data is important. He urged all government officials to continue anticipating global dynamics to maintain national economic stability.
“Vigilance is necessary, but maintaining optimism through hard work and cohesion of all elements of the nation is obligatory. In this way, we can navigate through this storm of global challenges safely,” he concluded.