News Summary:
- Prabowo hosts 5 elite entrepreneurs in Hambalang
- Attendees include Garibaldi (Boy) Thohir (Adaro Energy), Franky Widjaja (Sinar Mas Group), Sugianto Kusuma (Aguan) (Agung Sedayu Group), Prajogo Pangestu (Barito Pacific Group), and Anthony Salim (Salim Group)
- The South Sulawesi Chamber of Commerce and Industry (Kadin Sulsel) states the meeting restored investor confidence in the capital market
In a significant move signalling an era of closer collaboration between government and industry, President Prabowo Subianto extended an invitation to five of Indonesia’s most influential business magnates at his private residence in Hambalang, Bogor, West Java, on Tuesday, February 10, 2026. This high-profile gathering brought together formidable figures of the Indonesian economy, drawing immediate attention from market observers and the public alike.
The distinguished guests included Prajogo Pangestu, the head of Barito Group; Sugianto Kusuma, leading Agung Sedayu Group; Boy Thahir of Adaro Energy; Anthony Salim, spearheading Salim Group; and Franky Oesman Widjaja, a key figure from Sinarmas Group. The visual of President Prabowo seated centrally, surrounded by these powerful conglomerates, underscored the strategic importance of the discussions that transpired.
The immediate aftermath of this pivotal meeting saw a remarkable turnaround in the market. The very next day, Wednesday, February 11, 2026, the Jakarta Composite Index (IHSG) finally showed robust signs of recovery. By lunchtime on Wednesday, the IHSG had surged by 130 points, marking a significant 1.60 percent increase to close at the 8,261 level. This rebound was particularly noteworthy for market participants, as it followed a challenging January where the IHSG had endured severe pressure, prompting two trading halts amid prevailing global sentiments and a cautionary notice from MSCI that triggered substantial sell-offs.
Andi Iwan Darmawan Aras, Chairman of the South Sulawesi Chamber of Commerce and Industry (Kadin Sulsel), weighed in on the IHSG’s performance, asserting that this surge transcended mere technical movements. He interpreted it as a tangible reflection of the market’s renewed confidence in the direction of national economic policies. “We view this rebound as a positive signal,” Andi Iwan told Tribun Timur. “The market quickly responded to the communication and consolidation undertaken by the President with key business players. This clearly indicates that confidence is beginning to solidify once again.”
According to Andi Iwan, President Prabowo’s initiative to host national entrepreneurs for an open dialogue on the economic climate exemplifies a collaborative leadership approach—one that is critically needed in challenging times. During the meeting, the President emphatically stressed the vital importance of the “Indonesia Incorporated” spirit. This philosophy champions a robust partnership between the government and the business sector, aiming to bolster competitiveness, stimulate job creation, and ensure inclusive economic growth that benefits all segments of society.
Andi Iwan expressed strong appreciation for President Prabowo’s administration, emphasizing that market stability hinges not solely on economic figures but equally on transparent policy direction and seamless communication between the government and business community. “The business world thrives on certainty and a platform for dialogue,” he stated. “When the government and entrepreneurs convene, it transmits a powerful message to the market: that we stand united in confronting challenges.”
Furthermore, Andi Iwan called upon both domestic and foreign investors to maintain their faith in Indonesia’s strong economic fundamentals. He clarified that the market volatility experienced in January was a natural dynamic within the broader market landscape, stressing that the nation’s economic foundations remain inherently robust. “We boast stable economic growth, controlled inflation, a prudent debt-to-GDP ratio, and substantial foreign exchange reserves. These fundamental strengths should be the guiding principles for investors, rather than short-term fluctuations,” he affirmed.
Kadin Sulsel holds an optimistic view, believing that with consistent policies, enhanced market governance, and enduring collaboration between the government and business players, the IHSG is well-positioned to sustain its recovery trend in the foreseeable future. “This momentum must be preserved. Market confidence is an invaluable asset,” Andi Iwan concluded. “If communication and collaboration continue to strengthen, we are optimistic that Indonesia’s economy will continue its growth trajectory, and our capital market will gain even greater credibility on the global stage.”
Meanwhile, Cabinet Secretary Teddy Indra Wijaya provided further insights into the extensive nature of the meeting. In a written statement released on Wednesday, February 11, 2026, Seskab Teddy confirmed, “The meeting lasted over 4.5 hours, commencing at 7:00 PM and concluding around 11:30 PM WIB.” This intensive session served as a crucial strategic dialogue forum, bringing together the Head of State and key business actors to fortify national development synergies.
President Prabowo reiterated the essence of “Indonesia Incorporated” as the bedrock for collaborative efforts across all national stakeholders. “During that moment, President Prabowo underscored the importance of the Indonesia Incorporated spirit, which signifies close collaboration across all sectors—specifically between the government, the business world, and all stakeholders—to enhance national competitiveness and accelerate economic development,” Seskab Teddy elaborated.
The participating entrepreneurs echoed this sentiment, collectively affirming their strong commitment to supporting the government’s ambitious agenda. This unwavering support is slated to manifest through the active involvement of the business community in critical priority sectors. These areas are designed to directly impact public welfare and reinforce the foundational pillars of national development. Seskab Teddy detailed, “The entrepreneurs present unanimously expressed their solid commitment to supporting the Government’s vision and mission in the most strategic sectors: ensuring nutritious food, access to schooling and higher education, healthcare, subsidized housing, cooperatives, fishing villages, and both food and energy sovereignty.”
Additionally, President Prabowo extended an invitation to the business sector to actively join forces with the government in concerted efforts towards job creation. “Particularly in the real sector, to foster industrial development and empower Micro, Small, and Medium Enterprises (MSMEs),” Seskab Teddy clarified. This significant meeting thus encapsulates President Prabowo’s leadership philosophy, which firmly places strategic collaboration between the government and business community at the core of achieving inclusive, sustainable, and equitable economic growth for Indonesia.