JAKARTA – The Indonesian government continues to intensify international collaboration as a strategy to face increasingly challenging global economic pressures. President Prabowo Subianto’s state visit to Brunei Darussalam on Wednesday (May 15) marked a concrete step in strengthening strategic partnerships in the fields of economy, food security, and protection of migrant workers.
This visit marks a new chapter in the bilateral relations between Indonesia and Brunei, which have lasted for four decades. President Prabowo was accompanied by the Coordinating Minister for Economic Affairs, Airlangga Hartarto, during a series of bilateral meetings described as warm and filled with a spirit of friendship.
“In the bilateral meeting with Brunei Darussalam, the President also reaffirmed Indonesia’s commitment to continue strengthening bilateral relations across various strategic fields, including the protection of Indonesian citizens in Brunei Darussalam. The meeting was warm and full of friendly spirit. Thus, this meeting is also part of economic diplomacy oriented toward the welfare of the people,” said Airlangga.
Meanwhile, on the domestic front, Indonesia continues to demonstrate strong economic resilience. In the first quarter of 2025, the national financial system remained stable despite global uncertainties caused by the escalation of the trade war triggered by U.S. tariff policies.
Finance Minister Sri Mulyani Indrawati emphasized that the Financial System Stability Committee (KSSK)—comprising the Ministry of Finance, Bank Indonesia, the Financial Services Authority (OJK), and the Indonesia Deposit Insurance Corporation (LPS)—continues to strengthen coordination to maintain national economic resilience.
“The KSSK meeting agreed to continuously increase vigilance as well as strengthen coordination and policies among KSSK member institutions in efforts to mitigate potential spillover impacts of global risk factors while simultaneously enhancing efforts to strengthen the domestic economy and financial sector,” the Minister explained.
Sri Mulyani also noted that with aligned fiscal and monetary policies, Indonesia is expected to maintain its growth momentum.
“Looking ahead, Indonesia’s economy has the opportunity to continue growing sustainably,” the Minister added.
