The creation of the Sovereign Wealth Fund (SWF) and the Omnibus Law on Financial Reform will improve Finance Minister’s strategic role in solving persistent problems such as project fundings which add extra pressures on the state budget.
The government altered the health and economic mitigation strategy related to the COVID-19 pandemic. President Joko Widodo consequently created a new ad hoc institution to handle both issues.
Turmoil emerged in the State Palace amid the increasingly widespread economic-hit coronavirus pandemic. State Palace got into the center of attention as the public criticized the special staff of the president.
State-Owned Enterprises Minister Erick Thohir is on the rise, both in the media and in public spaces. Some of his buzzes had surprised many people.
The Patrick Sugito Walujo and Jerry Ng duo surfaced last week following the planned acquisition 51 percent stake in PT Bank Artos Tbk, which is classified under the BUKU 1 category.