Paramadina University Rector, Prof. Didik J. Rachbini, highlighted the political steps of the 7th President of Indonesia, Joko Widodo, who is active once again in conducting safaris to various regions. According to him, this political movement is not merely a maneuver ahead of the 2029 elections, but a signal that could affect national economic stability amidst pressures on the rupiah exchange rate and capital market fluctuations currently faced by Indonesia.
Prof. Didik emphasized that Jokowi's promise to return to Solo as an ordinary citizen now seems to contradict the reality on the ground. He assessed the former president's steps as a rather vulgar political move with the potential to create friction within elite circles. This is reinforced by the involvement of Vice President Gibran Rakabuming Raka, who has also been conducting intensive visits to various regions.
Furthermore, this political-economic observer warned that Jokowi's remaining strong influence could be a disruptive factor for President Prabowo Subianto's administration. It is feared that the government's concentration on implementing strategic policies could be split due to elite competition dynamics emerging earlier than they should, which could ultimately undermine bureaucratic effectiveness.
From the business world's perspective, this situation is deemed to have a negative impact on investor perception. Prof. Didik believes that a shifting relationship between President Prabowo and Jokowi could create uncertainty, adversely affecting the investment climate and market expectations. Businesses must now watch out for political risks that could potentially affect institutional stability and future national policies.
