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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Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Mexican President Claudia Sheinbaum ruled out possible U.S. military intervention in the Latin American country on Tuesday, saying Mexico did not want it in its territory.
At the Kazakhstan - Estonia business forum, companies from both countries signed 11 commercial agreements totalling more than $517 million.
Thousands of users in the United States, some parts of Europe and South America on the X (formerly twitter) platform have reported being unable to access the site due to Cloudflare outage.
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
China's Foreign Minister Wang Yi on Tuesday talked up "high-level exchanges" in a call with Japanese counterpart Toshimitsu Motegi, hinting at a potential meeting between Chinese President Xi Jinping and Japan's new premier, Sanae Takaichi.
Turkish Defence Minister Yaşar Güler stated on Monday that it would take at least two months to reach initial conclusions and analyse the black box of a Turkish cargo plane that crashed in Georgia last week, resulting in the deaths of 20 soldiers.
Punjab’s modern political story begins in 1947. The end of British rule divided the region between India and Pakistan, leaving Sikh communities with a split homeland and unresolved questions about cultural and administrative protections.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Japan’s tourism sector is bracing for heavy economic fallout after China warned its citizens against visiting, setting off a wave of cancellations that analysts estimate could cost the economy more than $14.23 billion a year.
Mexican President Claudia Sheinbaum ruled out possible U.S. military intervention in the Latin American country on Tuesday, saying Mexico did not want it in its territory.
Ukraine is pushing its European allies to take a political decision to release a proposed $163-billion loan based on frozen Russian state assets next month, as it frets over a gaping hole in the 2026 budget and fallout from an unfolding corruption scandal.
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