Wow, Jokowi Appointed Sandiaga Uno To Be Menparekraf, Saratoga Shares Fly

Sandiaga Uno. (Photo: Twitter @sandiuno)

JAKARTA - President Joko Widodo (Jokowi) officially appointed Sandiaga Uno to be Minister of Tourism and Creative Economy (Menparekraf). This ministerial position was previously held by Wishnutama.

Sandiaga's appointment directly affected the stock performance of PT Saratoga Investama Sedaya Tbk. Sandi is one of the largest shareholders of the SRTG-coded issuer.

SRTG shares closed sharply higher amidst the performance of the Jakarta Composite Index (IHSG), which dropped today, Tuesday, December 22nd. Quoted from RTI data, Saratoga's shares closed up 110 points or 3.19 percent to the level of Rp3,560.

Photo: Doc. RTI

SRTG shares today opened at the level of Rp3,460 or increased 10 points compared to yesterday's closing position. SRTG shares are moving in the range of Rp3,460-3,600 today.

The total trading of SRTG shares reached 7.76 million shares with a transaction value of IDR27.36 billion. In the past month, SRTG shares have gained 3.79 percent.

For information, Sandiaga Uno owns 21.51 percent of Saratoga's shares. Sandiaga is the controlling shareholder and founder of Saratoga.

Today, Sandiaga officially became Menparekraf replacing Wishnutama Kusubandio who was on duty since October 23, 2019. The reform or reshuffle of the Advanced Indonesia cabinet was immediately conveyed by President Joko Widodo who was accompanied by Vice President Ma'ruf Amin at the Presidential Palace, Jakarta, Tuesday, December 22 afternoon.

Surabaya Mayor Tri Rismaharini and Deputy Minister of Defense Wahyu Sakti Trenggono filled two posts left by the minister due to corruption cases, namely the Minister of Social Affairs and the Minister of Maritime Affairs and Fisheries.

New names that also emerged were Budi Gunadi Sadikin as Minister of Health, and Yaqut Cholil Quoumas as Minister of Religion. Meanwhile M. Lutfi returned to the seat of Minister of Trade.