Jakarta, Aug. 15 -- President Prabowo Subianto has expressed his belief that Article 33 of Indonesia's 1945 Constitution serves as an economic safeguard or defense shield for the country.

"After studying it in depth, I am convinced that our Constitution -especially what I call the 'safeguard articles,' namely Article 33 sections 1 to 4 - serves as the economic defense shield of our nation," Prabowo said while delivering a State Address at the Annual Session of the People's Consultative Assembly (MPR) in Jakarta on Friday.

He stated that Article 33 section 1 affirms that the economy shall be structured as a collective endeavor based on the principle of kinship, not conglomeration. Sectors of production that are vital to the state and aff...