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.
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Israel's military said on Monday it had intercepted a drone launched from Yemen after sirens sounded near Eilat, a day after Yemen's Houthis hit an airport close to the southern Israeli city with a drone.
A 16-year-old has been arrested over the killing of two officers in a gun attack on a police station in the western Turkish city of Izmir on Monday, Interior Minister Ali Yerlikaya said.
Russian forces struck a thermal power generation facility in the Kyiv region as part of an overnight attack, Ukraine's energy ministry said on Monday, provoking localised blackouts and gas outages.
The Azerbaijani women’s 3x basketball team clinched the silver medal at the European Cup to make history at the just concluded tournament in Copenhagen, Denmark.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Israel's military said on Monday it had intercepted a drone launched from Yemen after sirens sounded near Eilat, a day after Yemen's Houthis hit an airport close to the southern Israeli city with a drone.
Russian forces struck a thermal power generation facility in the Kyiv region as part of an overnight attack, Ukraine's energy ministry said on Monday, provoking localised blackouts and gas outages.
The Azerbaijani women’s 3x basketball team clinched the silver medal at the European Cup to make history at the just concluded tournament in Copenhagen, Denmark.
South Korean and Japanese defence ministers agreed on Monday to strengthen cooperation with Washington in response to North Korea’s nuclear threats and growing military ties with Russia, Seoul’s defence ministry said.
Two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem on Monday, killing six people in what police described as "a terrorist attack," one of the deadliest in the city in the past few years, according to authorities.
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