Antara News·Indonesia·Thursday, November 12, 2026 at 10:31 AM UTC

Indonesia urges investors not to panic amid VP Gibran's resignation

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Shofi Ayudiana, Raka Adji

Jakarta (ANTARA) - The Indonesian government has urged investors not to panic over domestic political developments, including Vice President Gibran Rakabuming Raka's resignation, saying the country's financial markets are resilient enough to withstand the situation.

Speaking at a press conference in Jakarta on Thursday, Deputy Coordinating Minister for Economic Affairs Dradjad Hari Wibowo said political developments were a normal occurrence and generally short-lived, urging market participants not to overreact.

"I have been involved in politics for quite a long time, since 2004. I have experienced developments like these many times, so there is no need to panic," he said.

While acknowledging that political developments could trigger short-term market reactions lasting from a few hours to a couple of days, he expressed confidence that they would not undermine Indonesia's economic fundamentals.

He said ongoing reforms at the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK), alongside efforts to strengthen the bond market, would help improve the resilience of the country's financial markets.

Dradjad also emphasized that the government's priority was to ensure that the capital and financial markets remained resilient and operated smoothly. He also dismissed concerns about weakening household purchasing power, pointing to household consumption growth in the third quarter of 2026, which exceeded the rate recorded in the same period last year.

Statistics Indonesia (BPS) reported that household consumption grew 5.04 percent year-on-year in the third quarter of 2026, remaining the largest contributor to Indonesia's overall economic growth of 5.47 percent during the period.

Dradjad also noted that 13.7 million new retail investors had entered the capital market in 2026, describing the figure as an important indicator when assessing domestic economic conditions.

The deputy minister also cautioned investors against maintaining a prolonged wait-and-see approach, warning that they could miss out on market opportunities as a result.

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