Indonesian President Widodo reshuffles cabinet

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JAKARTA, Aug 12: Indonesian President Joko Widodo has replaced key ministers in a cabinet reshuffle apparently aimed at restoring the country’s declining economy.
On Wednesday, Indonesia’s Chief Economic Minister Sofyan Djalil was replaced by former Central Bank governor Darmin Nasution, while prominent private equity executive Thomas Lembong was appointed the new trade minister.
Four other ministers, including the legal and security affairs minister and the maritime affairs minister, were also replaced. It was not immediately known why these ministers were replaced, with reports only referring to Widodo’s apparent intention to revive the economy.
New appointees took their oaths of office at a ceremony held at the presidential palace in the capital, Jakarta.
Widodo, also known as Jokowi, came to power last October on a platform of boosting Southeast Asia’s biggest economy, which has declined in recent years as foreign demand for its key products has plunged.
Growth has nevertheless continued to fall, plummeting to a six-year low of 4.67 percent in the second quarter of the current year, causing the administration to be criticized for a series of policy flip-flops.
The government has particularly failed to initiate a host of promised major infrastructure projects, seen as vital to absorbing foreign investment and raising growth.

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