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Purbaya Yudhi Sadewa

Title: Indonesia Car Sales Set to Boom, Says Finance Minister

by Priya Shah – Business Editor November 28, 2025

written by Priya Shah – Business Editor

Indonesian Finance Ministry Predicts Rebound in‌ Car‍ Sales

Jakarta, Indonesia – ‍Indonesia’s Finance Ministry is forecasting a positive turn⁣ for car sales next month, building on the current strong performance of the motorcycle sector, according to a statement released today by State Treasurer purbaya. The⁤ anticipated recovery ⁤follows a period of sluggish automotive ‍sales throughout ‌much⁤ of 2025.

The ⁤prediction comes ⁢as motorcycle sales continue to surge, ‍growing 8.4 percent year-on-year, reaching 5.4 million units between January and October 2025, according to data from the Motorcycle Industry Association (AISI). This positive trend ⁢in two-wheeled ‍vehicle ⁢demand is fueling optimism that a similar recovery is imminent for the four-wheeled market, impacting a key sector of the Indonesian economy and potentially signaling broader ⁢consumer confidence.

Purbaya cited data from ‍the Association of Motor‍ Vehicle Industries ⁣(Gaikindo) indicating car sales are nearing 75,000 units,with wholesale‍ figures ⁣up⁤ 19.2 percent and retail sales increasing 17.2 percent. Despite these‍ recent gains, overall car sales for the January-October period‌ this year⁣ remain lower⁢ compared to ⁤the same timeframe in 2024.

“I think ‍next month car sales will also start to be positive again,” Purbaya⁤ stated optimistically.

The Ministry’s assessment offers a glimmer of hope for ⁣automotive manufacturers and related industries, which have faced headwinds in recent months. The potential rebound in car sales could contribute to overall economic growth and provide a boost to government revenue.

November 28, 2025 0 comments

Business

Title: Indonesia Stock Market: No Arrests for “Fried Stocks,” Incentives Delayed

by Priya Shah – Business Editor November 21, 2025

written by Priya Shah – Business Editor

Jakarta – Finance Minister Purbaya Yudhi Sadewa has stated the government is withholding potential incentives for the Indonesian capital market until evidence emerges of arrests related to manipulative stock trading, commonly known as “fried rice” shares.

Speaking at The Westin, Jakarta, on Thursday (20/11/2025), purbaya questioned the progress in addressing the issue. “It can’t be implemented yet, I haven’t seen it, how many fried players have been arrested? Are there any?” he said.

Purbaya had previously indicated a willingness to offer incentives if the practice of share manipulation ceased. He acknowledged the form of these incentives remains under discussion. “(The form of incentives) will be discussed later because they haven’t been finalized yet. We’ll see later,” he stated.

The Minister’s comments follow a call for the Indonesian Stock Exchange (BEI) to resolve the problem of manipulative trading. the financial Services authority (OJK) has responded by announcing increased monitoring of capital market activity.

OJK Chief Executive of Capital Market Supervision,Derivative Finance and the Carbon Exchange,Inarno Djajadi,affirmed the importance of investor protection and market integrity,aligning with purbaya’s concerns. “In line with the Minister of finance’s message conveyed in a dialog with the capital market last week, Mr. Purbaya emphasized the importance of increasing public trust in the capital market. One way is to ensure that capital market transactions run fairly regularly and efficiently,” Inarno explained during a speech at the BEI Main Hall,Jakarta,on Friday (17/10/2025).

(ily/hns)

November 21, 2025 0 comments

Business

Title: Indonesia Economic Growth: Purbaya’s Promise and Prabowo’s Challenge

by Priya Shah – Business Editor November 20, 2025

written by Priya Shah – Business Editor

Jakarta – Indonesia‘s Finance Minister Purbaya Yudhi sadewa stated tuesday⁣ he anticipates the nation’s ⁤economic⁣ growth to reach 5.6% to 5.7% in the fourth ⁤quarter of 2025,and revealed a playful incentive⁤ from President Prabowo ⁤Subianto should that target ⁢be met.

“It’s not as I’m good, but the President said that⁢ if I’m given a prize above 5.5%,I’m actually teaching the prize,”⁢ Purbaya joked during Ecoverse 2025 at The Westin,Jakarta. “I don’t know what the prize is. This is clear, the important thing is that this growth will continue to be‌ maintained in the future.” The promise of a reward underscores ⁤the Prabowo administration’s focus on robust⁣ economic performance as a key indicator of‌ success.

Purbaya emphasized his commitment to‌ ensuring the prosperous implementation of government programs to ‍achieve the projected growth. He plans to actively⁤ monitor and address obstacles hindering domestic industry, alongside protecting the local market⁤ from illegal imports. Currently, he ⁢noted, fiscal and monetary policies are aligned and operating effectively.

The Minister indicated a coordinated effort‌ involving fiscal,monetary,and private⁢ sector initiatives will ‍be crucial to ⁤sustaining‍ economic momentum. “Fiscal and monetary are already easy, the path is almost the same, in the ‍same rhythm,”⁣ he said. “In the⁣ private sector…I will also go to several industries‌ and ‍we will eliminate bottlenecks that are hampering ‍the progress of⁣ domestic industry.”

November 20, 2025 0 comments

Business

Title: Purbaya Unveils Sumitronomics for Indonesia’s Economic Growth

by Priya Shah – Business Editor November 18, 2025

written by Priya Shah – Business Editor

Jakarta – Finance Minister Purbaya Yudhi Sadewa outlined a strategy for achieving 6-8% economic growth for Indonesia, centered⁢ around ⁢a concept he termed “Sumitronomics,” during a public lecture at airlangga⁤ university on November 11, 2025. The framework, rooted in the economic beliefs of Prof. Sumitro Djojohadikusumo – ⁢father of President Prabowo Subianto – prioritizes high economic growth, equitable distribution of benefits, and dynamic national stability.

sumitronomics draws upon the legacy of Prof. Djojohadikusumo, who served as Minister of Trade and Industry and Minister of Finance under president soekarno,⁣ and later as Minister of Trade and Minister of Research under ⁣President Soeharto.

According ⁤to a statement from the Ministry of Finance released November 18, 2025, Purbaya believes Indonesia⁢ can ⁢reach its growth targets ⁣through a balanced approach to fiscal policy, monetary policy, and private‌ sector activity. “Our economy can accelerate⁣ if the three engines – fiscal, monetary and implemented in the private sector – grow faster,” Purbaya stated.

A key component⁤ of this strategy is bolstering domestic ‌demand, which currently contributes approximately 90% to IndonesiaS GDP. Purbaya emphasized ⁢the importance of maintaining strong internal consumption to insulate the nation’s economy from global instability. “So even though global conditions are unstable, if I maintain domestic demand at 80% it can still be enough ⁤to support domestic growth,” he explained.

Also watch the video: Prabowo is optimistic that the Indonesian economy will grow by 8%, this is the reason…

(hal/hns)

November 18, 2025 0 comments

Business

HSBC Comments on Indonesia’s SAL Policy & Bank Injections

by Priya Shah – Business Editor October 21, 2025

written by Priya Shah – Business Editor

Purbaya Yudhi Sadewa, Chairman of the Indonesian Financial group (IFG), revealed plans for a substantial IDR 200 trillion (approximately $12.6 billion USD) investment into state-owned banking holding company Himbara. The declaration, made October 10, 2025, signals a major ⁢capital injection aimed at bolstering Himbara’s financial strength‌ and ⁤expanding its reach.

While Purbaya initially indicated a desired investment ⁢range of IDR 10 trillion to IDR 20 trillion, he clarified the final figure is still under evaluation. This larger commitment reflects a strategic move to consolidate state-owned financial institutions and enhance their competitiveness⁣ within Indonesia‘s rapidly evolving banking sector. The investment is expected to benefit Himbara’s member banks – Bank Mandiri, BRI, BNI, and BTN -‍ enabling them to support national economic growth ‌initiatives and broaden financial inclusion.

The move‍ comes amid ongoing discussion regarding ⁣indonesia’s Gini coefficient, a measure of income inequality. ‌A representative from⁢ a foreign bank, speaking off the record, commented that increased capital within Himbara could facilitate lending⁤ to underserved populations and small-to-medium enterprises, potentially contributing to a reduction in the country’s wealth gap. Indonesia’s Gini coefficient has remained a persistent concern, and initiatives like this investment are being‌ watched closely for ⁤their potential social impact.

Himbara currently plays a critical role in the distribution of government assistance programs and the financing of infrastructure projects. The additional ⁤capital will allow the holding company to scale these efforts and pursue new opportunities in digital banking and financial technology.

October 21, 2025 0 comments

Business

Title: Purbaya to Secretly Boost Funds to Indonesian State Banks

by Priya Shah – Business Editor October 13, 2025

written by Priya Shah – Business Editor

Jakarta – The Indonesian government plans to discreetly inject additional funds into two state-owned banks, bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI), according to Finance ‍Minister Purbaya yudhi Sadewa. The move‌ aims to boost economic liquidity without triggering public concern, ⁢following an initial placement of IDR 200 trillion across five state-owned banks.

Purbaya indicated the decision stems from a desire to accelerate base money (M0) growth towards an ideal rate of 20%, currently standing at 13% after ⁤rising from near⁢ 0%. He emphasized that these fund transfers are not fiscal expansion or budget alterations, but rather an optimization of existing‍ funds to stimulate private sector growth. “Ideally it would be 20% less. I still have ⁣another IDR 250 trillion in the central bank, we’ll ‌see what it’s like,” Purbaya stated.

To⁢ avoid potential ⁣misinterpretations and public backlash, Purbaya ⁣confirmed ‌future placements will be conducted without public announcement. ⁣”Even if ‍we wont to add‍ more, we won’t tell ⁤you now ⁣because the money operation is normal again, because then many⁣ people will protest⁤ ‘Purbaya ‍is moving money carelessly, using the budget carelessly’,‍ because⁢ they don’t understand that I’m just moving money, it has nothing⁣ to do with changes to the budget,” he explained. “I didn’t change the budget at all, nor did I carry out fiscal expansion. This ‍is just optimizing the money for economic growth so that the private sector can grow.”

The ⁤Minister ⁢added that ⁤only regional development banks (BPD) ⁤will be ⁢excluded from this secretive‌ approach‍ to⁢ further⁣ fund allocation.

(aid/hns)

October 13, 2025 0 comments

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