It is proposed in this paper that the Indonesian must actively preserve and develop their own philosophy in the spirit to bring prosperity to the nation and as well as contribute to the reinforcement of peace and friendship in the world. Realizing a right orientation of Pancasila as the system of Indonesian philosophy, this paper will be ended by critical reflection on how are Pancasila's principle values implemented by Indonesian in the era of globalization. Pancasila values can only be understood by understanding the Indonesian people with their background. The ontological foundations of Pancasila are essentially laid on the existence of human-being, epistemology of Pancasila is constructed as an abstractions and simplifications of the reality that exists in Indonesian society and the heterogeneous environment, multi-cultural, multi-ethnic by elaborating the values those have similarities to solve problems faced by the people of Indonesia, and from the aspect of axiology, Pancasila cannot be separated from the Indonesian people as its background, because Pancasila is not given value but the value created by the Indonesian people. Dealing with the effort of finding Asian philosophy's construction, this paper will describe the ontology, epistemology and axiology foundations of Pancasila. This paper is aimed at finding the better understanding about Pancasila as a system of Indonesian philosophy its meaning and relevance in the context of Asian philosophy emergence. The elaboration will depart from historical dimensions of Pancasila and will be ended at the implementation of Pancasila's principles in the whole aspect of Indonesian life. The main problem elaborated in this paper is related to the philosophical system of Indonesian people as being known widely as Pancasila or the five principles.
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