UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
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.
