Jakarta, Indonesia – February 11, 2026, 04:08:20 – President Prabowo Subianto recently convened a meeting with five of Indonesia’s most prominent business leaders: Garibaldi Thohir, Franky Oesman Widjaja, Prajogo Pangestu, Sugianto Kusuma, and Anthony Salim. The meeting, confirmed by the Presidential Secretariat via Instagram (@sekretariat.kabinet), centered on bolstering economic competitiveness and accelerating national development through a collaborative approach dubbed “Indonesia Incorporated.”
The “Indonesia Incorporated” model, as outlined by President Prabowo, aims to forge a stronger partnership between the Indonesian government and the private sector. This strategy seeks to leverage the strengths of both entities to drive economic growth, enhance national stability, and improve Indonesia’s position in the global market. The initiative is reminiscent of similar triumphant models employed in countries like Japan and south Korea, where close government-business ties have been instrumental in rapid economic advancement.
Each of the participating business leaders represents important holdings across diverse sectors of the Indonesian economy:
- Garibaldi Thohir: A prominent figure in the media, entertainment, and infrastructure sectors, with interests in the Mahaka Group.
- Franky Oesman Widjaja: part of the Sinar Mas Group, a conglomerate with extensive operations in pulp and paper, agribusiness, financial services, and real estate (Sinar Mas Group).
- Prajogo Pangestu: Founder and Chairman of the Barito Pacific Group,with substantial investments in petrochemicals,geothermal energy,and property (Barito Pacific).
- Sugianto Kusuma: A leading figure in the property and retail sectors, known for his involvement in the Agung Podomoro Land Group (Agung Podomoro Land).
- Anthony Salim: Chairman of Salim Group,a diversified conglomerate with interests in food,agribusiness,banking,and telecommunications (Salim Group).
Analysts suggest that this renewed emphasis on collaboration signals a proactive approach by the Prabowo management to address key economic challenges and capitalize on Indonesia’s growth potential. The success of “Indonesia Incorporated” will likely depend on establishing clear communication channels, fostering mutual trust, and implementing policies that incentivize private sector investment. Further details regarding specific initiatives and policy changes are expected to be announced in the coming weeks.The government is expected to outline key performance indicators (kpis) to measure the effectiveness of the program and ensure accountability.
the meeting underscores the administration’s commitment to creating a more conducive business environment and attracting both domestic and foreign investment. indonesia’s economic outlook remains positive, with projections for continued growth driven by its large population, abundant natural resources, and strategic geographic location. The “Indonesia Incorporated” model is positioned as a key driver of this continued progress.