Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
UK Job Market Shows Persistent Weakness Ahead of November Budget 
Holiday Economic Questions: What Bank of America Says You Should Expect 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Stock Futures Hold Steady Ahead of Key Fed Decision 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Indonesia's newly inaugurated President Prabowo Subianto officially swore in his cabinet on Monday, marking a significant moment in the nation's political landscape. Analysts note that his cabinet reflects a continuity of the key policies of his predecessor, Joko "Jokowi" Widodo.
Prabowo's Promises
Taking office as Indonesia's eighth president, Prabowo delivered a passionate address to lawmakers, pledging to eradicate corruption and attain self-sufficiency in food and energy. His cabinet comprises 48 ministries, with over 100 ministers and deputies, signaling a robust administrative approach.
Key Appointments
Notable re-appointments include Sri Mulyani Indrawati as Finance Minister and Bahlil Lahadalia as Energy Minister. Under Prabowo, Sri Mulyani will oversee initiatives like providing free meals for approximately 20 million children, with an estimated first-year cost of 71 trillion rupiah ($4.60 billion). This initiative aims to maintain the annual fiscal deficit within the legislated ceiling of 3% of gross domestic product.
Continuity in Leadership
Other significant reappointments are Airlangga Hartarto as Chief Economic Minister and Erick Thohir as the Minister of State-Owned Enterprises. These choices reflect Prabowo's intent to continue Jokowi's economic policies, providing him with political stability and continuity, as noted by analyst Burhanuddin Muhtadi.
Cabinet Restructuring
While Prabowo's cabinet preserves many familiar faces, it also introduces changes. Ministries have been restructured, with separate ministries for education and culture, as well as environment and forestry.
Conclusion
Before the swearing-in, Prabowo met with Chinese Vice President Han Zheng, highlighting Indonesia's diplomatic engagement. This new administration is poised to continue Indonesia's path of development, blending continuity with fresh approaches.
