Prabowo Subianto

Indonesia's latest economic shake-up appears to be giving investors some reassurance, but they are not convinced just yet.

President Prabowo Subianto has replaced Finance Minister Probaya Yudi Sadiwa with veteran policymaker Swahasil Nazara.

Markets reacted positively with Indonesian stocks recovering losses.

But investors say personnel changes alone may not be enough after about US$1.9 billion of capital left Indonesia this year amid concerns over Prabowo's economic policies.

And it corroborates findings from Tempo and a There have been five for the past three months, including Saif al-Mujani, Indo Pol, and Indicator.

I forget which ones have touched on Deddy Moliade, but two or three have, and they've all corroborated the fact that he has a gaping lead over Prabowo.

So much so that now it's too risky for Prabowo to...

Yeah, because it would backfire.

People would see that transparently and it would alienate a big swath of the electorate.

So everything was pre-recorded and canned and carefully choreographed.

So that was interesting.

And he also faulted Prabowo, basically, for the seating arrangements at the cabinet meetings where Gibran was on the sidelines next to the coordinating ministers.

He was a relatively kind of second tier politician, was seen as an outsider.

He wasn't independently wealthy and lots of people, liberal academics and others were very pleased when he won against, His opponent, Prabowo Subianto, who's now the president, who was the former dictator Suharto's former son-in-law, the former commander of Kapasas, the special forces, who was accused of all kinds of human rights abuses under the new order and so on.

He was seen as this kind of tyrannical figure who wanted to take the country back.

to the bad old days of the new order.

But actually, you know, if you look at the history of The very short history of his rapid rise, it didn't take place outside of collaborations with top oligarchic figures.

In fact, it's very clear that it did, that he wouldn't be where he ended up in 2014 without that.

And in fact, one of his major allies for a while was Prabowo Subianto, whom he would compete for the presidency twice, and then later on support in Prabowo's later attempt to gain the presidency.

After first making him his defense minister.

The move comes less than a year after Probaya replaced long-serving Finance Minister Sri Mulyani Indrawati.

55-year-old Suh Hasil has served as Deputy Finance Minister since 2019, and he was sworn in by President Prabowo Subianto yesterday.

China's defence leaders are gathering for the annual Xiangshan Forum in Beijing beginning today, against the backdrop of heightened tensions over Taiwan, the South China Sea and doubts over the US commitment to Asia.

Defence Minister Dong Jun will kick off this three-day event, and call for greater international cooperation while making indirect jabs at the US and its allies.

The move comes less than a year after Probaya replaced long-serving Finance Minister Sri Mulyani Indrawati.

55-year-old Suh Hasil has served as Deputy Finance Minister since 2019, and he was sworn in by President Prabowo Subianto yesterday.

China's defence leaders are gathering for the annual Xiangshan Forum in Beijing beginning today, against the backdrop of heightened tensions over Taiwan, the South China Sea and doubts over the US commitment to Asia.

Defence Minister Dong Jun will kick off this three-day event, and call for greater international cooperation while making indirect jabs at the US and its allies.

Israel's military has rejected the filmmakers' claims that the mass civilian killing was deliberate and systemic.

And finally, Indonesian President Prabowo Subianto has replaced Finance Minister Pupaya Yudi Sadowa with his deputy, Swahasil Nazara, in a long-awaited Cabinet reshuffle.

Mr Swahasil, a veteran bureaucrat and former academic, said his appointment reflected a policy continuation rather than a shift.

He added that his priorities would include a credible budget and clear communication.

Israel's military has rejected the filmmakers' claims that the mass civilian killing was deliberate and systemic.

And finally, Indonesian President Prabowo Subianto has replaced Finance Minister Pupaya Yudi Sadowa with his deputy, Swahasil Nazara, in a long-awaited cabinet reshuffle.

Mr Swahasil, a veteran bureaucrat and former academic, said his appointment reflected a policy continuation rather than a shift.

He added that his priorities would include a credible budget and clear communication.