Finance minister ousted in an hour


Photo: REUTERS/Willy Kurniawan

Finance Minis­ter Sri Mulyani Indrawati (pic) was chairing a meeting with top ministry officials when she received a call from President Prabowo Subi­anto’s office informing her she would be replaced within an hour, two sources said, underscoring the abruptness of the long-time finance czar’s sacking.

Sri Mulyani, known for her cautious steering of South-East Asia’s largest economy that won the confidence of markets, was widely regarded as one of the few checks on Prabowo’s big growth and spending promises that had unnerved many investors.

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