The current Indonesian economy continues to demonstrate significant dynamics, influenced by a combination of government policies and global as well as domestic market developments. In this context, a number of strategic issues have surfaced and become major highlights. The government is reconsidering the plan to implement a global minimum tax, which has direct implications for the investment climate and the compliance of multinational corporations (MNCs). On the other hand, business players in the fishery sector are expressing concern over the issue of radioactivity that has emerged in exported shrimp products, considering its potential impact on international market access and national export competitiveness. Meanwhile, the measure to optimize state revenue through the Land Value Zone (ZNT) policy is also a concern, as it is closely related to the tax base, asset value, and fiscal justice at the regional level. This entire dynamic illustrates that the Indonesian economic landscape is not only determined by macro indicators but also by sectoral policies that have broad implications for long-term stability and growth.
The Indonesian Government is taking adaptive steps in managing the economy amid global and domestic challenges. On one hand, the government is reconsidering the implementation of the global minimum tax to maintain domestic investment competitiveness. On the other hand, the government continues to strive to optimize state revenue by integrating the Land Value Zone (ZNT) into the tax system, although this step must be taken carefully to avoid social upheaval. These efforts have yielded positive results, as seen in the investment achievement in Special Economic Zones (SEZs/KEK), which reached Rp294.4 trillion in the first half of 2025.
However, amidst these achievements, external threats and market movements remain a concern. Fishery business players are wary because the issue of radioactive shrimp has the potential to hinder exports to the United States. Concurrently, the price of Antam gold set an all-time high record, reaching Rp2,086,000 per gram, indicating high demand for safe haven assets amidst uncertain economic conditions.
This series of events is interconnected and reflects the government's strategy in managing the economy. International tax policy is being reviewed to maintain competitiveness, while on the other hand, the government continues to try to optimize revenue from the property sector through ZNT. External challenges such as the radioactive issue in exported shrimp demand a quick response from the government to protect the industry and foreign exchange earnings. However, amidst this uncertainty, investors and the public tend to seek protection in safe assets, as seen from the record increase in gold prices. This demonstrates that market sentiment towards global and domestic risks greatly influences investment choices.
The overall dynamic underscores the complexity in managing the economy amid global and domestic challenges. The government's decision to reconsider the global minimum tax and optimize ZNT shows an adaptive approach. However, the success of this policy will heavily depend on how the government manages communication with the public and business players, as well as its ability to overcome issues that potentially trigger social and economic upheaval. Ultimately, market conditions, such as the record-breaking gold price, provide a direct reflection of how the perception of risk influences investment behavior.