AIRLINK 166.30 Increased By ▲ 1.72 (1.05%)
BOP 9.31 Increased By ▲ 0.01 (0.11%)
CNERGY 7.73 Increased By ▲ 0.19 (2.52%)
CPHL 84.99 Increased By ▲ 0.79 (0.94%)
FCCL 43.91 Increased By ▲ 0.94 (2.19%)
FFL 14.77 Decreased By ▼ -0.05 (-0.34%)
FLYNG 28.35 Increased By ▲ 0.14 (0.5%)
HUBC 135.50 Decreased By ▼ -2.37 (-1.72%)
HUMNL 12.50 Increased By ▲ 0.23 (1.87%)
KEL 4.12 Increased By ▲ 0.04 (0.98%)
KOSM 5.13 Decreased By ▼ -0.11 (-2.1%)
MLCF 68.62 Increased By ▲ 2.15 (3.23%)
OGDC 207.55 Decreased By ▼ -0.45 (-0.22%)
PACE 5.10 Decreased By ▼ -0.13 (-2.49%)
PAEL 42.23 Increased By ▲ 0.33 (0.79%)
PIAHCLA 16.67 Increased By ▲ 0.04 (0.24%)
PIBTL 8.86 Decreased By ▼ -0.02 (-0.23%)
POWER 13.20 Decreased By ▼ -0.09 (-0.68%)
PPL 156.74 Decreased By ▼ -3.51 (-2.19%)
PRL 28.28 Increased By ▲ 0.38 (1.36%)
PTC 20.50 Increased By ▲ 0.22 (1.08%)
SEARL 83.45 Decreased By ▼ -0.28 (-0.33%)
SSGC 38.97 Increased By ▲ 1.25 (3.31%)
SYM 14.58 Decreased By ▼ -0.02 (-0.14%)
TELE 6.98 Decreased By ▼ -0.05 (-0.71%)
TPLP 8.70 Decreased By ▼ -0.04 (-0.46%)
TRG 63.31 Increased By ▲ 0.77 (1.23%)
WAVESAPP 8.92 Decreased By ▼ -0.10 (-1.11%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.59 Increased By ▲ 0.09 (2.57%)
AIRLINK 166.30 Increased By ▲ 1.72 (1.05%)
BOP 9.31 Increased By ▲ 0.01 (0.11%)
CNERGY 7.73 Increased By ▲ 0.19 (2.52%)
CPHL 84.99 Increased By ▲ 0.79 (0.94%)
FCCL 43.91 Increased By ▲ 0.94 (2.19%)
FFL 14.77 Decreased By ▼ -0.05 (-0.34%)
FLYNG 28.35 Increased By ▲ 0.14 (0.5%)
HUBC 135.50 Decreased By ▼ -2.37 (-1.72%)
HUMNL 12.50 Increased By ▲ 0.23 (1.87%)
KEL 4.12 Increased By ▲ 0.04 (0.98%)
KOSM 5.13 Decreased By ▼ -0.11 (-2.1%)
MLCF 68.62 Increased By ▲ 2.15 (3.23%)
OGDC 207.55 Decreased By ▼ -0.45 (-0.22%)
PACE 5.10 Decreased By ▼ -0.13 (-2.49%)
PAEL 42.23 Increased By ▲ 0.33 (0.79%)
PIAHCLA 16.67 Increased By ▲ 0.04 (0.24%)
PIBTL 8.86 Decreased By ▼ -0.02 (-0.23%)
POWER 13.20 Decreased By ▼ -0.09 (-0.68%)
PPL 156.74 Decreased By ▼ -3.51 (-2.19%)
PRL 28.28 Increased By ▲ 0.38 (1.36%)
PTC 20.50 Increased By ▲ 0.22 (1.08%)
SEARL 83.45 Decreased By ▼ -0.28 (-0.33%)
SSGC 38.97 Increased By ▲ 1.25 (3.31%)
SYM 14.58 Decreased By ▼ -0.02 (-0.14%)
TELE 6.98 Decreased By ▼ -0.05 (-0.71%)
TPLP 8.70 Decreased By ▼ -0.04 (-0.46%)
TRG 63.31 Increased By ▲ 0.77 (1.23%)
WAVESAPP 8.92 Decreased By ▼ -0.10 (-1.11%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.59 Increased By ▲ 0.09 (2.57%)
BR100 12,054 Decreased By -11.8 (-0.1%)
BR30 35,738 Decreased By -28.2 (-0.08%)
KSE100 113,966 Decreased By -97.9 (-0.09%)
KSE30 34,924 Decreased By -109.7 (-0.31%)

Agus Martowardojo, a career banker with a track record of taking on vested interests, was named as Indonesia's finance minister on Wednesday, signalling Southeast Asia's biggest economy will stick with its reform agenda.
Martowardojo succeeds outgoing Finance Minister Sri Mulyani Indrawati, a leading reformer, who takes up a new post at the World Bank on June 1. Indrawati quit after a prolonged and bitter battle with old guard politicians from the Suharto-era Golkar Party headed by tycoon Aburizal Bakrie.
The appointment of a reformer is considered critical to attract much-needed foreign direct investment, spur economic growth and create jobs, as Indonesia, a G-20 member, seeks a higher profile on the international stage and an investment grade credit rating. Martowardojo is currently president director of Bank Mandiri, Indonesia's biggest state lender.
Anny Ratnawati, the finance ministry's director general of budgeting, was appointed deputy finance minister. President Susilo Bambang Yudhoyono had been expected to pick Ratnawati or another female economist, Armida Alisjahbana, as finance minister, with those two names emerging as the front-runners in recent days.

Copyright Reuters, 2010

Comments

Comments are closed.