Indrawati Stays as Finance Minister in New Indonesia Cabinet

-- Indonesia’s new President Prabowo Subianto unveiled his cabinet just hours after taking the oath on Sunday, with Sri Mulyani Indrawati staying on as finance minister in a sign of policy continuity in Southeast Asia’s largest economy.One City’s Plan to Re-Link a Neighborhood That Robert Moses Divided

Reappointing Indrawati, who has served two other presidents in the past 20 years, could bolster investor confidence in Indonesia’s fiscal outlook in the face of Prabowo’s ambitious spending plans, which include an almost $30 billion free lunch program for school children. Her inclusion together with several key faces from the previous cabinet suggests Prabowo is consolidating his hold over Indonesia’s political and government elites.

Although some ministerial decoupling is intended to focus oversight on priority issues, there are concerns that the enlarged cabinet could bring more red tape, foster patronage politics and boost spending on government servant salaries. In his earlier speech as president, Prabowo urged his government against being “too complacent” about an economy that’s grown roughly 5% annually in the last decade. He is aiming to bring that to 8% during his five-year term.

Wolves were on the end of another dramatic VAR decision after John Stones’ last-gasp header was allowed to stand at Molineux, giving City a 2-1 win.Horror movies topped the domestic box office charts and an Oscar contender got off to a sparkling start this weekend. “Smile 2,” in its first weekend, and “Terrifier 3” in its second proved to be the big draws for general movie audiences in North America, while the Palme d’Or winner“Anora” got the best per-theater average in over a year.

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