Again, Indonesia’s Coordinating Minister for the Economy Sri Mulyani Indrawati was listed in ’s 100 most powerful women according to Forbes magazine edition August 2009. Last year, Forbes also listed Sri Mulyani in World’s most powerful woman 2008. In 2006 and 2008, Mulyani was elected as the best Economic Minister in Asia.
Since Indrawati’s 2005 appointment as Indonesia’s finance minister, the country’s foreign exchange reserves reached an all-time high of $60 billion, and foreign investment skyrocketed. She has fought against government corruption, created tax incentives and simplified investment laws. Her performance earned her a promotion. In June Indrawati was named to run the country’s economic affairs. — Kate Macmillan
Mulyani is truly a strong woman and known globally as next world’s economic leader. Kevin Rudd once said that Mulyani can be a successful economic minister in any country.
Popularity: 5% [?]
1 year ago
Centurygate anyone? God how I hate this kind of mispending… Government paying a private bank for the loss of money (in the bank) because of a robbery done by the owner of the bank? C’mon… WTF? That HUGE amount of money could’ve better be spent on educaton and small-industries. And you call Sri Mulyani a “strong” person? Bah. That’s BAD news from indonesia.
1 year ago
It is true. This is a bad news for her, and Indonesia. Yet what the article said is not that she is flawless, but she has a lot of achievements for Indonesia.
1 year ago
@Diego, yeah… we can see the centurygate is a big loss for this country…
but if you search more the reason why did sri mulyani give insentive for century is to save another tiny bank that will collapse if century collapse.
it is called systemic crisis..( like in 1998 crisis)
and that money is to guarantee the depositor money that less than Rp.2M (LPS Policy) not for big depositor….
and did you know that the insentive (about Rp.2.776 T) to save century was in november 2008??
and did you know that in that time global economic was in great depression??
could you imagine if this bank is collapse what will happened in indonesia..
many investor will “panic” and in “rush” to take their money from many bank in indonesia (like in 1998)..
and Thanks God our economy is still good until now…(better than malaysia and thailand in 09)
for the robbery, robert tantular was in court at that time (nov.08)..
in nov. 08 :
ps : dont judge before you really know it…..
and sri mulyani is still the best…. hehe…
be positive…. because this is a goodnewsfrom indonesia…
1 year ago
@all yeah I know that she got a century-gate but I’m not sure enough if it happened to her. I thought she was a great minister.
1 year ago
I heard there are two other persons — aside of Robert Tantular — who own shares in that bank, and those two managed to escape with HUGE sum of (stolen) money. One of them is a saudi arabian and the other one is a pakistani. Do you think our government is going to track down those two scumbags and make them rot in jail for messing with indonesia?
9 months ago
I think the comments you made to her are typical of someone who doesn’t truly understand the economics of banking. If we learned one thing from the 1998 Asian crisis, it is the fact that the banking industry is very sensitive of negative sentiment. The closing of a bank (especially one that is closely linked to many other banks in the country) would send unwanted and unnecessary bad press to Indonesia, re-running the most devastating crisis we’ve had to go through a decade ago.
There are numerous books that can give you the information needed to understand the theories behind Sri Mulyani’s action. Perhaps it is a good thing to get a hold on these books before we comment knowledge-less-ly on this matter.
The decision upon taking such policy is in disregard of how the owners of the bank misuses the money. However bad the governance of this bank has no correlation with the policy that is taken, and represents another case that we should be aware of. However, the irresponsibility of the owners should not be used against Sri Mulyani and the fact that she has been able to deter a possible crisis and that we are able to live safely today.