Surprise reshuffle! | September 8, 2025

Sri Mulyani, Budi Gunawan out

Hello reader,

While a cabinet reshuffle for an under pressure President Prabowo has been on the cards for a while, few would have expected it to happen today. Some irregularities point to this being a rushed decision, as we’ll cover below.

Among those shuffled out is Finance Minister Sri Mulyani, whose departure more than likely prompted a steep slide in the Jakarta Composite Index. Then there’s Coordinating Minister for Political and Security Affairs Budi Gunawan, who was conspicuously absent during last week’s nationwide unrest.

Read on for more.

Cheers,

Andra

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