“There is only one name, it is Destry Damayanti,” presidential spokesman Prasetyo Hadi said in response to questions from reporters in Jakarta. Parliament, which is in recess, will have the final word on the new governor — a nomination closely watched by markets.
The rupiah appreciated further by 0.7%, reaching its highest level in over a month, while government bonds maintained their previous gains following the announcement. Stocks, which were temporarily halted for the mid-day break, concluded the morning session 0.5% lower after initially entering bull market territory during early trading.
Additionally, the president has put forward nominations for the positions of senior deputy governor and deputy governor at the central bank, as well as for various ambassadorial roles and a commissioner position at the Financial Services Authority, as stated by Prasetyo, who did not disclose the names of the nominees.
The earliest that parliament can convene to review the candidates is on August 14, when lawmakers return from their recess to participate in the president’s annual addresses in anticipation of Independence Day on August 17. The president’s ruling coalition holds a substantial majority in parliament.
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