JAKARTA - The Composite Stock Price Index (JCI) closed lower at the end of trading Monday, September 8, after President Prabowo Subianto announced a reshuffle of the Red and White cabinet.
Based on RTI data at 16.05 WIB, JCI fell 100.49 points or 1.28 percent, and closed at 7,766.84.
One of the strategic positions that has changed is the Minister of Finance, where President Prabowo Subianto inaugurated Purbaya Yudhi Sadivewa replacing Sri Mulyani Indrawati.
Responding to the decline in the JCI after the announcement, Purbaya emphasized that he was not new to the world of financial markets.
"Maybe I don't know the market, I'm a market person. How long have I been in the market? Yes, since 2000. Over 15 years," he told the media crew at the Ministry of Finance's office, Monday, September 8.
He emphasized that he had known the dynamics of the market for a long time and considered that the team at the Ministry of Finance is currently very solid.
Therefore, according to him, if improvement or optimization is needed in fiscal policy, he is sure that he will be able to do it together with the existing ranks.
Purbaya mentioned a number of Deputy Ministers of Finance such as Suahasil Nazara, Anggito Abimanyu, and Thomas Djiwandono as experienced figures who are ready to work together to maintain state financial stability.
"So if you give the truth, fix it, optimize it, it feels like we have enough instruments to fix it together," he said.
He also said that no specific policy had been taken considering that he had just taken office.
A Short Profile Of Purbaya Yudhi Sadives
Purbaya Yudhi Sadive was born in Bogor on July 7, 1964 and is currently 61 years old. He earned a Bachelor of Electric Engineering from the Bandung Institute of Technology (ITB), then continued his postgraduate studies at Purdue University, Indiana, United States, and earned a Master of Science (M.Sc.) and Doctor (Ph.D.) in the field of Economic Science.
Meanwhile, his professional career began as a Field Engineer at the Schlumberger Overseas SA (19891994), after which he turned to the world of economic research by serving as Senior Economist at the Danareksa Research Institute (20002005) and then Chief Economist at the Danareksa Research Institute (20052013), and was the President Director of PT Danareksa Securities (20062008) and a member of the Board of Directors of PT Danareksa (Persero) (20132015).
Launching from the LPS.go.id page, in the government sector, Purbaya has a long track record of having served as:
- Special Staff for Economic Affairs at the Coordinating Ministry for the Economy (20102014)
- Coordinating Ministry for Political, Legal and Security Affairs (2015'2016), as well as the Coordinating Ministry for Maritime Affairs (2016'2020).
- Deputy III for Strategic Issue Management at the Presidential Staff Office (2015)
- Deputy for Coordination of Maritime Sovereignty & Energy at the Coordinating Ministry for Maritime Affairs and Investment (2018).
- Since 2020 until the inauguration as Minister of Finance, Purbaya has served as Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS).
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