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Market Ambiguity After Cabinet Reshuffling

Approaching the end of 2020, President of The Republic of Indonesia, Joko Widodo, along with Vice President Ma’ruf Amin, announced the reshuffle for the minister of his ongoing Indonesia Maju cabinet on Tuesday, December 22th 2020. The news of this reshuffle was expected, considering the scandal surrounding a few of Jokowi’s men. Juliari Bahari, former Minister of Social Affairs, was arrested by Komisi Pemberatasan Korupsi (KPK) for allegedly receiving bribes from suppliers of social assistance for the COVID-19 Pandemic was now replaced with Mayor of Surabaya, Mrs. Tri Rismaharani. Aside from Bahari, former Minister of Marine Affairs and Fisheries, Eddhy Prabowo, was also arrested by KPK for allegedly receiving bribes and was replaced with Wahyu Sakti Trenggono. Sandiaga Uno, who was once a formidable candidate against Jokowi and Ma’ruf Amin during the 2019 President Election, is now appointed as the Minister of Tourism and Creative Economy, replacing Wishnutama. One of the heavily discussed individuals this year, Terawan Agus Putranto, who was expected to be dismissed as the Minister of Health, was foreseeably replaced with Budi Gunadi Sadikin. Sadikin used to serve as the Vice Minister of State Owned-Enterprises. Other reshuffles include Yaqut Cholil Quoumas and M. Lutfi who served as the new Minister of Religious Affairs and Minister of Trade. Hopefully, this change in the cabinet would bring prosperity for the Indonesian people.

The news of the reshuffle