Jakarta, June 1 -- President Prabowo Subianto underscored his commitment to strengthening cooperatives as a pillar of Indonesia's transformation toward a Pancasila-based economy aimed at delivering equitable welfare and development nationwide.

"Cooperatives must be strengthened. Cooperatives must rise up. Cooperatives are one of the tools for elevating our people, bringing them out of poverty and powerlessness. It is crucial that we bolster small and medium enterprises while positioning villages as new economic growth epicenters," he said.

Prabowo promoted what he describes as the Pancasila economy during a ceremony marking the 81st anniversary of the state ideology in Jakarta on Monday morning.

Speaking before national figures, he emp...