TVRIN — broadcast
20261105 120000 UTC
449 transcript segments
Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking
Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive.
Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:07] The legend says that the land of Pasundan was created
[00:00:10] when God was smiling.
[00:00:13] The beautiful natural landscape and the friendliness of its people
[00:00:17] are a gift
[00:00:18] in themselves.
[00:00:23] However, behind its millions of charms lies
[00:00:27] the potential for disasters that can appear at any time.
[00:00:32] it just happened so I immediately ran here sir.
[00:00:35] I looked for my family first. After
[00:00:39] I met my family, I was safe,
[00:00:42] all of them.
[00:00:45] The earthquake fault in West Java is a threat
[00:00:48] to the residents and infrastructure it
[00:00:51] passes through. So what
[00:00:55] mitigation steps can be
[00:00:58] taken when an earthquake occurs?
[00:01:01] We hope that the residents will
[00:01:03] follow what has been made and
[00:01:07] studied by
[00:01:09] variations between countries. When there are tariff variations the government. First, stay calm, and then if the earthquake is big, it would be
[00:01:13] best for us to crawl out
[00:01:17] or we look for a safe spot in
[00:01:20] the house. Use tools that can
[00:01:23] be used
[00:01:24] for.
[00:02:07] uses a technique called
[00:03:21] The Central Statistics Agency has just released the latest official statistical news
[00:03:24] as of November 5, 2026, regarding
[00:03:27] Indonesia's economic performance.
[00:03:30] The result is that Indonesia's economy recorded solid growth of up to
[00:03:34] 5.47% year-on-year in the third
[00:03:38] quarter of this
[00:03:39] look, many, especially those year. This figure surpasses the achievement of the third quarter of
[00:03:42] the previous year, which was only 5.04%.
[00:03:46] This economic growth
[00:03:49] with the conditions is mainly still supported by household consumption expenditure, which
[00:03:51] remains stable. The performance of household consumption in
[00:03:55] the third quarter of 2026 was still driven by
[00:03:58] an increase in the value of goods and services transactions online, increased
[00:04:02] public mobility and tourism activities, as well as various
[00:04:05] government policies in controlling
[00:04:08] inflation. In addition to household consumption, another driving
[00:04:12] component that pushed economic growth
[00:04:15] entrepreneurs and also 63 economists this quarter was gross fixed capital formation or PMTB, which grew solidly
[00:04:18] by 6.06%.
[00:04:21] Reflecting the growth of investment carried out by
[00:04:25] both the government and the private sector. Meanwhile,
[00:04:28] government consumption grew by up to
[00:04:30] 8.95%, in line with the realization of employee
[00:04:34] as growth in spending such as salaries and allowances for ASN, as well as the realization
[00:04:37] of spending on goods and services, especially
[00:04:40] because it's just manipulating numbers, actually, spending handed over to the community, namely the free nutritious meal program or
[00:04:44] MBG. From the production side, economic activity
[00:04:48] is also supported by several sectors such as the processing sector, which
[00:04:51] contributed to growth up to 1.20%,
[00:04:55] followed by trade at 0.94%,
[00:04:58] construction at 0.62%,
[00:05:00] and information and communication
[00:05:02] at 0.49%.
[00:05:07] trade. If we look at Regionally, Bali and Nusa Tenggara, Java, and Sulawesi in the third quarter
[00:05:10] grew above the national growth rate.
[00:05:13] Bali and Nusa Tenggara recorded the highest growth at
[00:05:16] 6.08%, followed by Java
[00:05:19] at 5.84%, and Sulawesi
[00:05:22] at 5.68%.
[00:05:24] The economic growth report for the third quarter generally shows quite
[00:05:28] encouraging figures. But is this positive growth
[00:05:32] truly of quality and felt evenly by all Indonesian
[00:05:35] people, including those outside Java? Can Indonesia
[00:05:38] maintain this growth momentum so that
[00:05:42] it's not just a number on
[00:05:43] paper?
[00:05:51] Good evening, viewers. You are watching Indonesia Bicara tonight
[00:05:54] with me, Maya Karim. As we mentioned in the
[00:05:57] opening, there is quite encouraging
[00:06:01] achievements related to economic growth in the third quarter of 2026.
[00:06:04] However, with these achievements, an important question arises: Does
[00:06:08] economic growth truly reflect the strengthening of purchasing power and
[00:06:11] an increase in people's welfare? How
[00:06:15] strong is Indonesia's economic foundation, and what challenges must be anticipated in the
[00:06:19] future? We will discuss this with the resource persons who have joined us in
[00:06:23] TVRI Studio 2. There is the Acting Deputy
[00:06:26] 1 of Bakom RI, Mas Fitra Faisal.
[00:06:29] Good evening, Mas Fitra. Good evening, Mbak Maya. And online, we are also
[00:06:33] connected with a public policy and political economy researcher
[00:06:36] from Celios, Mas Gusti Raganata. Good evening, Mas
[00:06:39] Gusti. Evening. Yes,
[00:06:43] yes, I'll go straight to Mas Fitra. Economic growth in the third
[00:06:47] quarter of 2026 is quite encouraging. The figure is
[00:06:50] 5.47%.
[00:06:53] Can you explain where this figure comes from?
[00:06:56] Yes, it's clearly from statistics, right? So if
[00:06:59] we look at whether the statistics are in accordance with
[00:07:03] the consensus and how to see the figure
[00:07:06] of 5.47%. So before this figure came out, actually
[00:07:10] I, as an economist, had already done several
[00:07:14] forecasts, right, with several econometric techniques, one of which
[00:07:19] Bayesian factor autoregressive,
[00:07:22] which looks at the probability of economic growth
[00:07:26] being in what range. So it has been forecasted and also the upper bound condition
[00:07:30] has been looked at. Well, from that side,
[00:07:33] I see from that model
[00:07:36] that the probability is 80% to fall between
[00:07:40] 5.4% to 5.5%, which
[00:07:43] is within the range of the realization
[00:07:46] of 5.47%, right? And if I
[00:07:50] look at the model again, this
[00:07:53] is a forecast model, not a statistical calculation model done by BPS,
[00:07:57] using high-frequency data, some
[00:08:01] examples of which are, first, if we look at
[00:08:04] the industrial activity, that has already
[00:08:08] entered the expansion territory in the third quarter, and also if
[00:08:11] we look at the trend, especially from the
[00:08:14] liquidity side and also the credit disbursement from
[00:08:17] banking, how investment credit increased by
[00:08:20] 23.2% year-on-year and was also followed by
[00:08:24] working capital credit that also grew by
[00:08:27] 11.8%, and that indicates
[00:08:30] industrial expansion, right? That's from the production side. Well,
[00:08:34] similarly, if we look at the consumption side, the
[00:08:37] Mandiri Spending Index, if we look at it in the third quarter of this year,
[00:08:41] grew by 6%. Even higher compared to the third quarter of last year, which was only
[00:08:45] 4.3%. Similarly, with trends, for example,
[00:08:48] QRIS, QRIS grew by 75.8%, which
[00:08:52] reflects the transaction conditions in the financial sector,
[00:08:56] for one. Well, is this data in line
[00:09:01] announced by BPS yesterday? Well, if we look at how
[00:09:05] the translation of investment credit and also working capital
[00:09:09] is, we also see it in the development based
[00:09:12] on the business sector. If we look at the business sector, the growth of
[00:09:16] the manufacturing or processing industry sector grew by
[00:09:19] 5.87%, higher
[00:09:22] than the previous position in the second quarter of
[00:09:24] 4.52%. And even more promising,
[00:09:28] and this is in line with the trend of
[00:09:31] tourist movement, especially domestic tourists
[00:09:35] or local tourists, domestic tourism grew
[00:09:37] year-on-year, if the Q3 data is
[00:09:40] 9.28%, and this correlates positively
[00:09:43] with figures such
[00:09:46] accommodation and beverages, which is 11.22%, and
[00:09:50] also financial services, which we also saw QRIS and e-money usage
[00:09:53] increase by 30.3%. This is also reflected in
[00:09:57] the financial and insurance sector, which also
[00:10:01] grew by 8.47%, even higher
[00:10:04] than its condition in the second quarter, which was 3.11%. Now,
[00:10:08] all these trends are quite consistent. The second interesting
[00:10:12] thing is the difference in
[00:10:14] external demand from international
[00:10:19] the second quarter, it was
[00:10:22] in deficit for two consecutive months.
[00:10:25] So, in the second quarter, it was in deficit for two months,
[00:10:29] and positive for one month, or surplus.
[00:10:32] We grew by 5.29%. Now,
[00:10:36] in the third quarter, we had a surplus
[00:10:39] for three consecutive months: 130 million dollars, then it became
[00:10:43] 3.5 billion US dollars, 3.3 billion,
[00:10:46] 0.7 billion US dollars in the third quarter. And we can see
[00:10:50] its translation, first, from exports. Previously, in the second
[00:10:53] quarter, it was 4.06%, becoming 4 point
[00:10:57] 59%, and then imports also decreased significantly. Previously,
[00:11:01] it was exposed to rising energy prices, but because
[00:11:04] there was a normalization mode,
[00:11:08] imports also decreased quite a bit, from previously
[00:11:12] 9 point 9.4%
[00:11:14] to 7.3%. Now, this indicates
[00:11:18] that, first, there is external demand that is also triggered
[00:11:21] by trade diversion. This trade diversion comes
[00:11:24] from what? The United States implemented Section 301
[00:11:28] of the Trade Act of 1974,
[00:11:31] which then provided tariff
[00:11:34] between countries, and Indonesia's tariffs in this case become more
[00:11:38] competitive compared to other trade partners for the United States,
[00:11:42] there is also trade diversion, where the United
[00:11:46] States, which usually imports from Vietnam or imports from Thailand,
[00:11:49] imports from Indonesia. Well, one of them is also, if we look at
[00:11:53] the international trade data announced last Monday, trade partners,
[00:11:57] especially from the United States, increased by 25%,
[00:12:00] usually 10-15%. Now, this indicates
[00:12:04] that the trend is actually in line and falls within
[00:12:08] the upper bound. Indeed, even though if we talk about consensus,
[00:12:12] it's 5.2% to 5.3%, but
[00:12:15] if we talk about the probability of it entering the upper bound, it's
[00:12:18] quite large, over 80% probability using the Bayesian technique
[00:12:22] earlier. So, in the end, if I look at it, 5.47%
[00:12:26] is not surprising, although, of course, the
[00:12:29] challenge is that there is uneven growth among
[00:12:33] several consumer groups. Now, this is what we can
[00:12:36] see, whether this figure is relevant to the
[00:12:40] public's feelings or not. We will discuss this again if there is
[00:12:43] time. Okay, good. So the 5.47%
[00:12:47] is seen from several indicators that Mas has explained a lot. I want
[00:12:50] to turn to Mas Gusti. Mas Gusti, how do you read the economic
[00:12:54] growth of Indonesia at 5.47% in the third quarter
[00:12:58] of 2026? Does this indicate a strengthening
[00:13:01] economic fundamental or are there seasonal factors and government
[00:13:05] stimulus that also contributed to it?
[00:13:07] Yes,
[00:13:10] actually, what Mas said is interesting. So, the
[00:13:13] BPS results for this quarter, 5.47%,
[00:13:17] were higher than the previous quarter's announcement. But in terms of
[00:13:20] household consumption, QoQ, or quarter-on-quarter,
[00:13:24] it actually contracted by 0.57%, minus
[00:13:27] that is. That's one. Second, that's also validated by
[00:13:31] the weakening of the Consumer Confidence Index from Bank Indonesia. It weakened
[00:13:34] this month, right? And that also,
[00:13:38] earlier we also talked about investment, right? Where actually
[00:13:41] government spending was aggressive on villages
[00:13:45] and so on, so construction credit all went
[00:13:49] there. And that doesn't reflect that the credit went
[00:13:53] to the private sector or the community. Right? We also know that some
[00:13:56] other think tanks also mentioned that the trickle-down effect,
[00:14:00] so to speak, didn't grow downwards. The impact was minimal.
[00:14:03] And that also created a trade-off, which made
[00:14:07] our fiscal burden heavier, actually. Where the victims
[00:14:10] are the regions, where transfers to regions are getting thinner. We see
[00:14:14] some regions having difficulty paying employee salaries
[00:14:17] themselves. And also, construction growth is not
[00:14:21] in sync with KPR growth, which is 4.3%, right? And it's
[00:14:25] clear that construction growth was driven by village-owned enterprises, actually, right? Almost
[00:14:28] 21,000 more units, right? Village-owned enterprises
[00:14:32] were built, and we know the impact is still not there, and it's not
[00:14:35] significant yet. And I think the jump in the
[00:14:39] transportation sector that we read in the BPS report, 8%,
[00:14:43] we have to look at it in more detail, whether it's actually included in
[00:14:46] the warehousing sub-sector or if transportation is also included, because
[00:14:50] there's the delivery of transportation to each
[00:14:53] village-owned enterprise, right? If that's included, it's reasonable,
[00:14:57] for example, for it to grow 8%, right? So,
[00:15:00] the growth recorded by BPS is very interesting, actually,
[00:15:05] which ones fit, right? And actually, the
[00:15:09] economic movement is only the movement of government spending, whose trickle-down
[00:15:13] effect, in my opinion, is not spread enough to the
[00:15:16] community. That's it. Okay, I'll go straight to Mas Fitra. It doesn't
[00:15:20] reach the bottom. How does Mas Fitra explain what was said earlier about
[00:15:24] village-owned enterprises and other
[00:15:27] things? First, if we look at the trend of government spending, year-on-year,
[00:15:31] we have to see that the trend is declining.
[00:15:34] If we look at the first quarter, the growth
[00:15:38] of government spending was 21.8%,
[00:15:41] then in the second quarter, it was 15.97%.
[00:15:45] Now it's not even a double-digit number, it's only
[00:15:47] 8.95%. What does that mean? It means that in this context,
[00:15:51] there has been a normalization of government spending, meaning it has become more
[00:15:55] efficient. And from the other side, if we look at
[00:15:58] the multiplier effect, it has become much higher. Why? Because if we look at
[00:16:02] the government component or government spending, it's only 7%
[00:16:06] of the variable. Because the biggest variable is still consumption,
[00:16:09] around 50%. But what's also interesting
[00:16:12] is the trend of PMTB, gross fixed capital
[00:16:15] formation. Now, we have to see that there has
[00:16:18] been a shift in the economic structure that was previously
[00:16:21] driven by the demand sector, but this is now driven
[00:16:25] by the investment sector, gross fixed capital formation. How do we
[00:16:29] see that in Q1, PMTB grew by
[00:16:32] 5.96%, then continued in Q2, growing by
[00:16:36] 6.87%, although there was moderation in Q3
[00:16:40] at 6.06%.
[00:16:42] But Q1, Q2, Q3, even in Q4
[00:16:46] of 2025, which grew by 6.12%,
[00:16:50] on average, it was already above economic growth and already above consumption
[00:16:53] growth. Now, if friends who do investment
[00:16:57] and infrastructure modeling will surely understand
[00:17:00] that there is a lag in consumption, and
[00:17:04] there is already a theoretical concept by Jean-Baptiste
[00:17:07] Say, who stated that supply creates its own demand.
[00:17:11] So, the importance or presence of this industry will also
[00:17:15] generate demand, even though there is a time lag. And we can
[00:17:18] also see that the pattern is somewhat similar
[00:17:21] to the trend of banking credit. The trend of banking
[00:17:24] credit that I mentioned earlier for investment is 21.2%, for working capital
[00:17:28] it's 11.89%. This means it's for business
[00:17:32] expansion, and that is reflected in the PMI figure in October,
[00:17:36] even though this is past the second quarter, but it will eventually
[00:17:39] have an impact in the fourth quarter, where our
[00:17:42] PMI became 54. Indeed, if we look at the loan
[00:17:46] growth in consumption, it's only 4.6%. But
[00:17:49] this is the thing: eventually, industrial activity
[00:17:52] will then provide
[00:17:55] a kind of pull-up demand from
[00:17:59] the consumer side, because they consume because of what? Because they have
[00:18:02] money. Now, where does that money come from? When there's
[00:18:05] industry. Now, indeed, if we look again,
[00:18:09] from the consumption trend, it was still above
[00:18:12] 5%, 5.04%. But
[00:18:15] indeed, the growth, if we look at it, from Q1 was 5.52, then
[00:18:19] 5.06 in Q2, 5.04 in Q3,
[00:18:22] this is actually still stagnant or still stuck in
[00:18:26] the 5% range, unable to move up. Why? Because it really
[00:18:30] needs a boost from the industry side, which also translates
[00:18:33] into actors who are quasi-government or and
[00:18:37] also collaborate with other investors. We can
[00:18:41] also see its translation to banking credit
[00:18:45] demand because there are business sectors that are growing, but on the
[00:18:48] other hand, of course, there is also how
[00:18:51] the community, especially those in the middle class,
[00:18:55] who still haven't received the most benefits, because if we look, there's
[00:18:58] a kind of disproportionality. If we look at consumption, consumption is
[00:19:02] dominated by the top 20% income group, which controls 45 to
[00:19:06] 50%. The bottom 40% only controls
[00:19:09] 17%, and the rest are in the middle. Now,
[00:19:13] that's why if we
[00:19:17] in the middle, are struggling because why? They don't
[00:19:20] get social assistance, and they are not rich. This means that if we compare
[00:19:24] based on expenditure groups, the bottom 40%, even though they are
[00:19:27] in the marginal group, or in Islam,
[00:19:31] called the poor, but if we look at their growth
[00:19:34] incidence curve, in the last 5 years, it's been positive. Why? Because of social assistance,
[00:19:38] PKH, and even part of MBG is included here. Now,
[00:19:41] meanwhile, the problem is this middle group. How can
[00:19:45] we then increase consumption opportunities for this
[00:19:49] middle group? It's by, as I said earlier, building the industry, as per
[00:19:53] the fifth principle, industrialization. But
[00:19:55] industrialization is not enough; there must be absorptive capacity from
[00:19:58] the people. Speaking of investment, which sector is
[00:20:02] then the focus of the government? But
[00:20:05] before I continue.
[00:23:24] You're back with us on Indonesia Bicara. We are discussing Indonesia's
[00:23:28] economy growing beyond market expectations.
[00:23:32] And we still have Mas Fitra here, and
[00:23:35] connected online is Mas Gustri Ragata from Salio. I'll return
[00:23:39] to Mas Fitra. There was a pending question earlier. You mentioned
[00:23:42] that the investment value increased. Actually, which sector
[00:23:46] is the government focusing on to continuously
[00:23:49] increase the investment value, not just in terms
[00:23:52] of its value, but also able to absorb and create jobs?
[00:23:56] So, when we talk about economic multiplier effect, there are six
[00:24:00] core infrastructures or six core sectors, namely energy, then
[00:24:04] ICT, water sanitation, water resources, then housing,
[00:24:07] and also transportation. These are what can ultimately
[00:24:10] provide a large multiplier effect, providing an
[00:24:14] economic impact that can ultimately boost economic growth to even 8%.
[00:24:17] Now, if we also look at developments, here we can also see
[00:24:21] the translation in the processing industry, which has
[00:24:24] already reached 5.87% in the third quarter. And if
[00:24:27] we look again, the main actor is not the government,
[00:24:30] but one of them is the state-owned enterprise and also
[00:24:34] co-investing with private investors,
[00:24:38] because if we look at the government's role, over time, if we look,
[00:24:41] its role will not be larger, even if year-on-year,
[00:24:44] it grew even smaller than in the second
[00:24:48] quarter, which was 8.95%. This means that the economy
[00:24:52] has, if I, from the beginning of the year, explained that
[00:24:55] the government needed to jump-start the economy, because after
[00:24:59] COVID, there was indeed a kind of comorbidity
[00:25:02] where there was a scarring effect due to the pandemic, so the industry dropped.
[00:25:06] So, in the end, a jump start was needed. That's why in the first quarter,
[00:25:10] there was 12.8% growth in government spending
[00:25:14] year-on-year, then in the second quarter, there was growth of
[00:25:17] 15.97%, although that also came from a low base effect in
[00:25:21] the previous year. But if we look at the
[00:25:25] third quarter, it is getting smaller in proportion,
[00:25:28] or if we look at the year-on-year growth, it means we can
[00:25:32] see that, first, the multiplier effect of government spending
[00:25:35] has become larger. Second, the economy has been successfully weaned
[00:25:39] from fiscal dominance, in this case, more towards
[00:25:43] private sectors and private actors. Now, if
[00:25:46] we also look at yesterday, Mbak Maya, we have
[00:25:50] already started exporting
[00:25:53] battery cells. These battery cells, not
[00:25:56] many can do that because it's a complex
[00:26:00] process. Previously, it was nickel ore, then we processed it into
[00:26:04] cathode material, mixed hydroxide precipitate, then
[00:26:07] it became lithium cells, and even some of the electrolytic
[00:26:10] aluminum, we can then build
[00:26:14] a kind of case for the battery
[00:26:17] cells. And from here, with a factory
[00:26:21] with a capacity of 8
[00:26:24] GWh, we are able to entertain 120
[00:26:27] to 150,000 electric cars in the world.
[00:26:30] Although not many, this is just a start. Now, if we look at
[00:26:34] the journey of the value chain, in the context of the
[00:26:38] production network, we have then focused
[00:26:41] on value-added industries, and that will generate
[00:26:45] jobs. Now, if we look at the developments, especially in the first
[00:26:49] semester, in the second quarter, our FDI came in at
[00:26:52] 27.2%. Now, year-on-year,
[00:26:55] although on Wall Street, it's different between Wall Street and Main Street.
[00:26:59] We see how our stock market is in the red,
[00:27:03] right, Wall Street, but on Main Street, it's still okay
[00:27:06] and still going strong. But, of course, we also have to pay attention
[00:27:10] to the conditions on Wall Street. How the government is
[00:27:14] also focusing on improving the financial sector, as proven by the improvement
[00:27:18] in the financial sector in the third quarter, which also
[00:27:21] grew quite significantly. In the third quarter, it grew
[00:27:25] by 8.47%, even higher than its position in the second quarter.
[00:27:29] Now, this is an interesting point. We also have
[00:27:32] to see how we can balance the development of Main
[00:27:36] Street and Wall Street. Okay, I'll continue on job creation.
[00:27:39] I want to turn to Mas Gusti. Mas
[00:27:43] Gusti, how do you see the condition of job
[00:27:46] creation and then compared to the quality
[00:27:49] of wages that should also be read along with the
[00:27:51] economic growth
[00:27:54] figure? Well, if our economy is indeed growing above 5%,
[00:27:58] then who is it growing for? That's one. Second, because we have several surveys,
[00:28:02] also found from friends in Kadın or friends elsewhere,
[00:28:05] they feel that all entrepreneurs feel that their economy
[00:28:09] is deteriorating, their business is deteriorating, right? So actually the numbers mentioned by Mas
[00:28:12] Fitra earlier and also the community's achievements are actually growing for whom? And then we
[00:28:16] also, I noted earlier regarding the government's fiscal policy not
[00:28:20] financing much anymore, moving to the private sector for example. Well, perhaps what we read
[00:28:24] from other records is also that 26,661 KDMP
[00:28:28] outlets use quasi debt from
[00:28:30] Himbara SOEs and this will also become
[00:28:33] another problem, it will become another problem, right?
[00:28:37] In the future, if it continues to use Himbara's money and because they have to return
[00:28:41] the money from the KDMP loan that we don't know how they will
[00:28:44] return that loan money from Himbara. Indeed, government development
[00:28:48] has decreased, right, according to BPS, but it uses SOE money or
[00:28:51] Himbara like that. Then when we talk about job creation,
[00:28:55] if in the industry itself, yes, because there was
[00:28:59] a weakness in the rupiah, our exports might become attractive, as Mas
[00:29:02] Fitra mentioned, but it is also vulnerable to global economic weaknesses that
[00:29:06] are indeed still volatile, because we know geopolitically, the economy in
[00:29:10] Indonesia is also problematic like that, the global economy, I mean,
[00:29:14] is also problematic. Well, then if they
[00:29:17] export, but if the raw materials are also imported, then that is also pressured by the rupiah
[00:29:21] exchange rate too, right? So it's the same thing, that's what I mean, in the sense that job
[00:29:25] opportunities will also be difficult to create if the raw materials themselves are expensive, right?
[00:29:28] So as a result, job opportunities will not open up that much
[00:29:32] because they will cover the cost of purchasing imported raw materials, which
[00:29:36] will be more expensive when the rupiah exchange rate is under pressure
[00:29:39] like that. And we also see lately, eh
[00:29:42] the average person waits 1 year for fresh graduates currently,
[00:29:45] that's why I'm also interested to see how the government's
[00:29:49] internship hub program is actually to close these gaps
[00:29:52] like this. In the past, 10 years ago, 15 years ago, fresh graduates
[00:29:56] were unemployed for at most 1 month, 2 months, then got full-time jobs. Now they
[00:30:00] are forced to intern first.
[00:30:02] And they wait for up to 1 year for full-time work.
[00:30:06] That's why I'm questioning who this 5% growth is for,
[00:30:10] with those beautiful words or statistics. Who actually feels this?
[00:30:13] Meanwhile, surveys from
[00:30:17] conducted by LPMUI also state that many government
[00:30:21] policies are not suitable or improve the situation and this has resulted
[00:30:25] in the acceptance rate
[00:30:28] of President Prabowo, which was surveyed,
[00:30:30] also continuing to decline. And it reached almost 50% currently.
[00:30:34] This is a turning point, right? Can these
[00:30:38] data really restore the situation like this? Because when we talk about growth, it must be real,
[00:30:41] truly felt by the people at the bottom. Now, when we talk about the people at
[00:30:45] the bottom, maybe those at the bottom, maybe farmers, are now talking better
[00:30:49] when the price of pictures is bought higher, but the question is, can rice
[00:30:52] be obtained easily? That will become another problem, right?
[00:30:56] Rice may exist, but it's not easy
[00:30:59] to get, so food security also becomes weak like that.
[00:31:02] Hmm, eh, Mas Fitra answered earlier, who is this growth for,
[00:31:06] and then there are concerns that need to be answered.