Asia-Pacific News

Indonesian President Widodo replaces key economic ministers

Indonesian president Joko Widodo replaced key economic ministers as part of a wider cabinet reshuffle on Wednesday, less than a year after taking office.

Darmin Nasution, former central bank governor, has been appointed chief economic minister and Tom Lembong, a prominent private equity executive, takes over the trade portfolio.

Widodo has come under mounting pressure from his own party and the public to reshuffle his team of ministers amid signs that efforts to reverse an economic slowdown are not working.