Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Indonesia's newly inaugurated President Prabowo Subianto officially swore in his cabinet on Monday, marking a significant moment in the nation's political landscape. Analysts note that his cabinet reflects a continuity of the key policies of his predecessor, Joko "Jokowi" Widodo.
Prabowo's Promises
Taking office as Indonesia's eighth president, Prabowo delivered a passionate address to lawmakers, pledging to eradicate corruption and attain self-sufficiency in food and energy. His cabinet comprises 48 ministries, with over 100 ministers and deputies, signaling a robust administrative approach.
Key Appointments
Notable re-appointments include Sri Mulyani Indrawati as Finance Minister and Bahlil Lahadalia as Energy Minister. Under Prabowo, Sri Mulyani will oversee initiatives like providing free meals for approximately 20 million children, with an estimated first-year cost of 71 trillion rupiah ($4.60 billion). This initiative aims to maintain the annual fiscal deficit within the legislated ceiling of 3% of gross domestic product.
Continuity in Leadership
Other significant reappointments are Airlangga Hartarto as Chief Economic Minister and Erick Thohir as the Minister of State-Owned Enterprises. These choices reflect Prabowo's intent to continue Jokowi's economic policies, providing him with political stability and continuity, as noted by analyst Burhanuddin Muhtadi.
Cabinet Restructuring
While Prabowo's cabinet preserves many familiar faces, it also introduces changes. Ministries have been restructured, with separate ministries for education and culture, as well as environment and forestry.
Conclusion
Before the swearing-in, Prabowo met with Chinese Vice President Han Zheng, highlighting Indonesia's diplomatic engagement. This new administration is poised to continue Indonesia's path of development, blending continuity with fresh approaches.
