Kadin Chief Predicts Capital Market Industry Recovery by Next Year

Jakarta, VIVA – The Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, stated that the capital market industry is expected to improve starting in 2025 due to Indonesia's strong economic fundamentals.

This projection is based on the implementation of Astacita programs under Prabowo Subianto's administration, such as free nutritious meal programs, the construction of three million affordable homes annually until 2029, and strict law enforcement across all sectors, including the economy, to achieve an eight percent economic growth target.

"I won’t deny that over the next 1 to 1.5 years, the capital market will be choppy. Why? Because if we look at the U.S. capital market, it’s very attractive, so volatility is inevitable. However, the good thing is that fundamentally, I think we're strong," Bakrie said in Jakarta on Thursday (Dec 5).

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Ketua Umum KADIN Indonesia, Anindya Bakrie

Photo :

• VIVA/Ahmad Farhan Faris

Bakrie explained that the attractiveness of U.S. investments is a factor causing fluctuations in Indonesia's stock and bond prices.

However, due to Indonesia’s strong economic fundamentals, these fluctuations tend to lean towards growth.

"Strong fundamentals only look stronger during turbulence," Bakrie emphasized in an official statement.

Bakrie also highlighted the importance of fiscal strength, "Our debt-to-GDP ratio can still be considered relatively healthy compared to other indicators,"

He praised President Prabowo’s policies, which aim not only to ensure equitable welfare for society but also to include strategies for building soft infrastructure. Programs such as free nutritious meals are seen as investments in the future, leading to healthier human resources.

"Regarding nutrition, there are two benefits. First, it’s the easiest way to invest in the future. Second, government spending programs will also focus on health and education," he explained.

"The multiplier effect will be enormous," Bakrie concluded.

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Bakrie also highlighted the importance of fiscal strength, "Our debt-to-GDP ratio can still be considered relatively healthy compared to other indicators,"