October 24, 2025 | 04:14 pm
TEMPO.CO, Jakarta - A number of institutional investors holding government bonds gathered at the headquarters of the Directorate-General of Taxes at the Ministry of Finance on Jalan Gatot Subroto, South Jakarta, on Monday, October 13, 2025. They came from insurance firms, pension funds, and banks. Finance Minister Purbaya Yudhi Sadewa received them in person. "They wanted to know the policy direction I'll take to ensure faster economic growth," Purbaya said after the meeting.
The investors raised several key concerns. One was the investment climate in Indonesia. "It's not very good," Purbaya said, quoting their complaints. This came despite the government's efforts to streamline licensing through an integrated system. The investors wanted concrete assurances that such ease of doing business would not remain mere rhetoric.
Another question was about Purbaya's recent policy to transfer Rp200 trillion (around US$12.1 billion) in idle budget funds from Bank Indonesia to state owned banks under Himbara. Purbaya said the move was intended to accelerate economic growth toward the end of the year.
A banking official who attended the meeting said Purbaya presented an optimistic outlook for Indonesia's economy. However, from the standpoint of both investors and banks, uncertainty still loomed large due to the lack of clear fiscal direction. "The fiscal outlook remains unclear," the banker said.
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