Jakarta, Oct. 9 -- Cooperatives Minister Ferry Juliantono stated that the Red and White Village Cooperatives mark a new economic era for rural areas, as the program aims to restore the spirit of a people-based economy in accordance with the 1945 Constitution.

"We are seeking to restore the state's role in regulating the market so that it remains fair and beneficial for all business entities - namely state-owned enterprises (SOEs), the private sector, and cooperatives," he said at the Investor Daily Summit 2025 in Jakarta on Wednesday.

Juliantono noted that over the past few decades, markets have tended to be dominated by those with large capital. As a result, small-scale economic players such as cooperatives and micro, small, and medium...