JAKARTA – President Prabowo Subianto has announced a significant achievement for Indonesia’s stock market, revealing that the Jakarta Composite Index (IHSG) has soared to an unprecedented level of approximately 8,000 points. This remarkable surge, which he described as “beyond expectation,” is a testament to the dedicated efforts of the economic ministers who have diligently worked to uphold investor confidence and ensure market stability.
During his introductory address at the Plenary Cabinet Meeting, held at the State Palace in Jakarta on Monday, October 20, 2025, President Prabowo declared, “The Jakarta Composite Index (IHSG) has grown to 8,000, the highest in the history of our republic; this is also beyond expectation.” The President further asserted that the positive trajectory of the IHSG mirrors strong investor optimism regarding the government’s current economic policy direction.
Despite celebrating this historic milestone, Prabowo underscored the critical importance of safeguarding the nation’s economic fundamentals. He offered a cautionary reminder, stating, “We have reached the highest level, although I always remind that we shouldn’t be too afraid of stock prices; what’s important is that our economic fundamentals must be strong.” This emphasis highlights a balanced approach, acknowledging market successes while prioritizing enduring economic stability.
The Plenary Cabinet Meeting, where these important statements were delivered, coincidentally marked the one-year anniversary of President Prabowo’s administration. The event commenced as President Prabowo, accompanied by Vice President Gibran, entered the main hall of the State Palace around 3:35 PM Western Indonesia Time (WIB).
Upon his arrival, the President personally extended greetings to the assembled ministers, deputy ministers, and heads of various institutions who were awaiting the session. Among the first to be acknowledged were Coordinating Minister for Economic Affairs Airlangga Hartarto, followed by Coordinating Minister for Food Zulkifli Hasan, Head of the National Economic Council (DEN) Luhut Binsar Pandjaitan, and Minister of State Secretary Prasetyo Hadi.
A distinctive aspect of this particular Plenary Cabinet Meeting was the unique dress code observed. In a departure from previous sessions where ministers typically wore white shirts, President Prabowo, Vice President Gibran, the ministers, and all invitees were uniformly clad in long-sleeved brown shirts, lending a notable visual element to the significant gathering.
The comprehensive list of attendees for the Plenary Cabinet Meeting featured a wide array of prominent government officials. These included Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Food Zulkifli Hasan, Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono, Coordinating Minister for Human Development and Cultural Affairs Pratikno, and Coordinating Minister for Human Development Muhaimin Iskandar. Other key ministers present were Minister of Finance Purbaya Yudhi Sadewa, Minister of Investment Rosan Roeslani, Head of the National Economic Council Luhut Binsar Pandjaitan, Minister of Energy and Mineral Resources Bahlil Lahadalia, Minister of Law Supratman Andi Agtas, and Minister of Agriculture Amran Sulaiman.
Further distinguished attendees included Minister of Social Affairs Saifullah Yusuf, Head of the National Nutrition Agency Dadan Hindayana, Minister of Manpower Yassierli, Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono, Minister of Tourism Widyanti Putri Wardhana, Minister of National Development Planning Rachmat Pambudy, Minister of Industry Agus Gumiwang Kartasasmita, Minister of Women’s Empowerment and Child Protection Arifatul Choiri Fauzi, and Minister of Youth and Sports Erick Thohir.
The robust attendance also comprised Minister of Cooperatives Ferry Juliantono, Minister of Trade Budi Santoso, Minister of Housing and Settlement Areas Maruarar Sirait, Minister of Agrarian Affairs and Spatial Planning/Head of National Land Agency Nusron Wahid, Minister of Culture Fadli Zon, Head of the State Intelligence Agency (BIN) Herindra, Commander of the Indonesian National Armed Forces (TNI) General Agus Subiyanto, Chief of the Indonesian National Police (Polri) General Listyo Sigit Prabowo, Minister of Communication and Digital Affairs Meutya Hafid, Minister of Religious Affairs Nasaruddin Umar, Minister of State Secretary Prasetyo Hadi, and Cabinet Secretary Teddy Indra Wijaya.
Summary
President Prabowo Subianto announced that Indonesia’s Jakarta Composite Index (IHSG) has reached an unprecedented 8,000 points, marking an all-time high for the nation’s stock market. He described this surge as “beyond expectation,” attributing it to strong investor optimism and the diligent efforts of economic ministers. Despite this historic milestone, Prabowo underscored the critical importance of maintaining robust economic fundamentals.
This significant announcement was made during a Plenary Cabinet Meeting held at the State Palace on October 20, 2025, coincidentally marking the one-year anniversary of President Prabowo’s administration. President Prabowo, Vice President Gibran, and all attending ministers and officials were notably clad in uniform long-sleeved brown shirts for the occasion.