Jakarta, February 18, 2025 – PT Bank SMBC Indonesia Tbk (SMBC Indonesia) returns with the SMBC Indonesia Economic Outlook 2025, which is held today at Hotel Indonesia Kempinski. Themed “Opportunities and Challenges in 2025: Public-Private Synergy,” the event gathers government officials, economists, political analysts, and business leaders to discuss Indonesia’s economic outlook, investment potential, and political landscape.

This seminar provides valuable insights in response to economic opportunities and challenges facing clients and broader public amid evolving geopolitical and domestic policy landscapes. The Central Statistics Agency reported that Indonesia’s economy grew by 4.95% yoy in Q3-2024^[1], with inflation staying manageable at 1.57% yoy in December 2024^[2].

President Prabowo Subianto has also expressed confidence that Indonesia can achieve its economic growth target of 8% yoy in 2025. Recognizing these opportunities, SMBC Indonesia is dedicated to assisting clients in capitalizing on them to foster more impactful and sustainable growth.

Speaking at the SMBC Indonesia Economic Outlook 2025, Henoch Munandar, President Director of SMBC Indonesia, said, “The Indonesian banking sector has shown exceptional resilience in 2024. We are proud to remain committed to driving meaningful growth for communities while contributing to the country’s economic advancement.”

“In line with SMBC Indonesia’s spirit of collaboration, we aspire for this discussion to foster public-private partnerships that accelerate inclusive and sustainable economic development across various sectors.”

The Impact of Politics and the Green Economy on National Economy

The discussion at SMBC Indonesia Economic Outlook 2025 underscored the critical role of political stability in ensuring economic resilience, as it directly affects market trust and the strength of the domestic investment climate.

Chatib Basri, Member of the National Economic Council, stressed the need for government initiatives in promoting green economic development. “With the current state of the global climate, the government’s commitment to expanding green energy and achieving net-zero emissions by 2060 is more important than ever.”

"A strong partnership between the government and the private sector is essential for building renewable energy infrastructure. Policies that encourage the transition to a green economy will not only attract investors but also accelerate economic growth," he added.

Furthermore, Executive Director of Indikator Politik Indonesia, presented survey findings on the new administration. “Over 88% of the public is confident that the government can navigate global economic challenges. To maintain public confidence and optimism, the government must introduce well-thought-out policies to sustain economic growth,” he stated.

The event also underscored SMBC Indonesia’s commitment to continuously providing financial services that meet the needs of diverse clients across various segments. “SMBC Indonesia will keep introducing innovative and comprehensive financial solutions to drive meaningful growth for society and enhance our contribution to Indonesia’s economic development,” Henoch concluded.

^[1] Indonesia’s Economic Growth in Q3-2024

^[2] The year-on-year (y-on-y) headline inflation in October 2024

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