JAKARTA, Jakartaweekly.com–The position of Finance Minister has changed three times under President Prabowo Subianto. The first change took place on September 8, 2025, when Sri Mulyani was reshuffled and Prabowo appointed Purbaya Yudhi Sadewa as her successor. Just one year later, Prabowo reshuffled the Finance Ministry again, appointing Suahasil Nazara to replace Purbaya. The Indonesia […]
JAKARTA, Jakartaweekly.com – The Jakarta Provincial Government’s plan to issue Rp5.62 trillion worth of regional bonds in 2027 has sparked differing views with the central government. Jakarta Governor Pramono Anung sees the bonds as a source of financing to support the capital’s development, while Finance Minister Purbaya Yudhi Sadewa believes Jakarta does not currently need […]
JAKARTA, Jakartaweekly.com—An economist said the government’s move to take over the debt of PT Kereta Cepat Indonesia China (KCIC), the operator of the Whoosh high-speed rail service, will still put pressure on the state budget, despite the use of a Special Mission Vehicle (SMV) mechanism. Center of Economic and Law Studies (Celios) Economic Director Nailul […]
TANGERANG, Jakartaweekly.com — Finance Minister Purbaya Yudhi Sadewa said the government will continue to sustain economic growth through responsive fiscal policies. Purbaya said such policies are essential to ensure that domestic demand remains the primary driver of Indonesia’s economic growth. To support policy formulation, the government continues to monitor a wide range of economic indicators […]
JAKARTA, Jakartaweekly.com—Economists say the recent leadership changes at Indonesia’s Ministry of Finance, Bank Indonesia (BI), the Financial Services Authority (OJK), the Indonesia Deposit Insurance Corporation (LPS), and the Indonesia Stock Exchange (IDX) within a relatively short period reflect simultaneous pressures facing the country’s financial institutions. At the same time, they emphasize that despite leadership or […]
JAKARTA, Jakartaweekly.com—A wave of leadership changes at Indonesia’s top financial institutions has drawn significant public attention during President Prabowo Subianto’s administration. Within the past 12 months, five key financial institutions, the Ministry of Finance, the Indonesia Stock Exchange (IDX), the Financial Services Authority (OJK), the Indonesia Deposit Insurance Corporation (LPS), and Bank Indonesia (BI) have […]
JAKARTA, Indonesia (JakartaWeekly.com) – Despite a brutal sell-off that has wiped out nearly 20 percent of the Jakarta Composite Index (IHSG) this year, Finance Minister Purbaya Yudhi Sadewa remains defiantly bullish on Indonesia’s market outlook. On Monday, as the index slumped by 1.61 percent to close at 7,022.29, Purbaya brushed off investor fears surrounding the […]
JAKARTA, Indonesia (JakartaWeekly.com) – Indonesia’s finance ministry has begun identifying potential budget cuts across government agencies, a preemptive strike aimed at protecting the nation’s fiscal deficit as soaring global oil prices put the state treasury under immense pressure. Finance Minister Purbaya Yudhi Sadewa confirmed on Monday that his office is drafting an efficiency plan to […]
