Jakarta, Aug. 9 -- Domestic consumption and exports-the two key engines of the economy-must operate in balance to achieve optimal economic growth, according to Purbaya Yudhi Sadewa, Chairman of the Board of Commissioners at the Indonesia Deposit Insurance Corporation (LPS).

In a written statement issued in Jakarta on Friday, Purbaya noted that domestic economic activity holds a larger share of the country's gross domestic product (GDP), making it essential to strengthen local consumption-especially amid ongoing external challenges in the global economy.

"Our domestic strength accounts for 80 percent of the economy, while exports contribute only around 20 percent. So the key is how we can fully optimize our domestic economic engines," he...