The composite index of Indonesia Stock Exchange (IDX), despite its credibility issue, was not upbeat with the likely cabinet lineup of the new Prabowo-Gibran administration. The stock market and rupiah moved in narrow range in the past few days as market players didn’t expect surprises in fiscal, investment, and monetary policies.
Read MoreMedia mogul Surya Paloh, the Chairman of Nasdem Party, was among high-profile figures in Indonesian politics that were present in a doctorate promotion of Bahlil Lahadalia, the Chairman of Golkar Party and the current Minister of Energy & Mineral Resources (ESDM), held at the University of Indonesia (UI) on Wednesday (Oct. 16)—a topic of discussion over the net about credibility of the process. In the sideline of the event, Paloh only gave a brief statement, but it is truly worth highlighting regardless.
Read MoreIt is confirmed that those (49 people) summoned by president elect Prabowo Subianto on Monday (Oct 15) are minister candidates. Vice minister candidates, meanwhile, were summoned on Oct 16. By far, around 17 ministers from Jokowi’s cabinet are retained, whilst some swapping portfolios or getting ‘promotion’ as coordinating ministers.
Read MoreAll questions about the future of Police General (ret) Budi Gunawan, former Chief of the State Intelligence Agency (BIN), have been answered with his presence at the private residence of President-elect Prabowo Subianto in Hambalang, Bogor, West Java on Wednesday (Oct. 16). Budi Gunawan was there along with the other minister candidates in a briefing held by Prabowo.
Read MorePrabowo Subianto will be sworn in new president of the republic of Indonesia October 20, 2024. He has summoned over 108 people to become ministers, vice ministers, and leaders of ministerial-level agencies. For two consecutive days on October 16 and 17, they participate in the so-called Hambalang Retreat in the president elect’s private residential complex in Hambalang, Bogor, West Java.
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