Chairul Tanjung Replaces Hatta Rajasa as Indonesian Economic Minister
Chairul Tanjung, one of the richest businessmen of Indonesia, will replace Hatta Rajasa as Indonesia's Coordinating Minister for Economic Affairs after the latter - who is also chairman of the PAN party - stepped down from his post to focus on his vice-presidential bid (as running mate of Prabowo Subianto) in the 2014 presidential election (scheduled for 9 July 2014). Today (16/05), Indonesian President Yudhoyono inaugurated Tanjung in the state palace. Tanjung only has five months left in office as a new government will be inaugurated in October 2014.
Chairul Tanjung is chairman and founder of CT Corp, one of the largest business groups in Indonesia (which is particularly active in media and the financial sector). In order to prevent a conflict of interest, Tanjung will step down from his position in the group. Tanjung currently also heads the National Economic Commission (KEN), an advisory council.
He obtained a bachelor degree from the Faculty of Dentistry at the University of Indonesia.
Tanjung said today that his main targets are to safeguard limited inflation and a healthy fiscal balance.