The Indonesian government removed finance minister Sri Mulyani Indrawati in a cabinet reshuffle on Monday, state secretariat minister Prasetyo Hadi said.
Purbaya Yudhi Sadewa, the head of the Indonesia Deposit Insurance Corporation, has been appointed as the country's new finance minister, replacing Sri Mulyani.
Sri Mulyani is one of Indonesia's longest-serving finance ministers and has worked under three presidents. She won plaudits for reforming the taxation system and for her role in steering Southeast Asia's largest economy through several crises, including the pandemic and the global financial crisis.
In between her first and second stints as finance minister, she served as a managing director of the World Bank.
The main stock index erased earlier gains to trade 1% lower as of 0848 GMT. The rupiah was little changed after the announcement, having been up around 0.7% against the dollar during the day.
The announcement came after two weeks of protests and unrest across the country, which have included calls for a fairer taxation system.
During some of the protests in late August, looters broke into Sri Mulyani's home.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and ...
Iran will host senior officials from the five Caspian Sea littoral states at a conference in Tehran on 23 September, aimed at strengthening regional c...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
For months, efforts to secure the Red Sea have focused on what is happening in the water. Naval deployments have increased, governments have expanded maritime cooperation and shipping companies have adapted to persistent security threats.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
UK Prime Minister Andy Burnham faces an early test of his climate commitments as his government weighs whether to approve two major North Sea oil and gas projects, Rosebank and Jackdaw.
Europe is facing more frequent and prolonged extreme heat, with climate change making heatwaves increasingly intense and widespread, the World Meteorological Organization (WMO) warned on Tuesday.
Russia's northern NATO neighbours are tightening security around critical infrastructure amid growing concern that Moscow could stage a “false flag” attack using Ukrainian drones.
Kyrgyzstan has proposed hosting part of Russian e-commerce giant Wildberries’ warehouse and logistics network, aiming to reduce supply-chain risks and strengthen trade with Russia.
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukraine, marking Pyongyang's most significant involvement in a war since the 1950s.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment