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Saturday, Oct 18, 2014

Asia

Indonesia's Widodo to name ex-Astra chief as state-owned enterprises minister

Reuters | Saturday, Oct 18, 2014

JAKARTA - Indonesian President-elect Joko Widodo will name former Astra International chief Rini Soemarno as minister for state-owned enterprises (SOE), an adviser said.

Widodo will be sworn in as Indonesia's seventh president on Monday and is expected to announce his cabinet of 33 ministers the next day. Soemarno is the first member of the cabinet to be confirmed by Widodo's transition team, which she leads.

"Rini Soemarno has a lot of experience in managing the corporations," Hasto Kristianto, a senior member of the transition team, told Reuters on Saturday. "Under her leadership in SOE, the government will have 'a special force' to speed up the economic development, such as infrastructure programmes and consolidation of SOEs."

As SOE minister, Soemarno will oversee state-owned companies, such as energy giant Pertamina and Garuda airlines.

Soemarno, a close aide of former president Megawati Sukarnoputri, has kept a low profile since serving as trade and industry minister in Megawati's administration 10 years ago.

Educated abroad, she won respect in business circles as the head of Astra International, the country's largest automobile distributor.

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