President Yudhoyono Reshuffles Cabinet
After months of continued pressure by political parties and the media that the President reshuffle his cabinet, - and two weeks after the President finally relented to the pressure when, on Monday, 7 May, President Yudhoyono announced a limited Cabinet shake-up. This is the second reshuffle following the first in December 2005, when the President was forced to change his economic team in the wake of government's slapping a 100 percent increase in fuel prices at the pumps, which resulted in spiraling prices nation-wide, and ensuing strong protests from the people.
This time around, the reasons for immediate change were cited as: slow investments in the real sector; a stagnant industrial sector; increased unemployment and lay-offs; and increased number of poor, despite much improved macro-economic performance, namely a stable Rupiah, decreased inflation rate, and a spectacular growth in Jakarta's share market.
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