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Indonesia's high-speed rail Whoosh takeover in limbo after Purbaya ousted as finance minister

JAKARTA: The government's plan to assume direct ownership of the Indonesian stake in the Whoosh Jakarta-Bandung high-speed railway is up in the air following the sudden removal of Purbaya Yudhi Sadewa as finance minister.

The Star MalaysiaThe Star查看原文 ↗
印尼高铁Whoosh收购案在普尔巴亚被免去财政部长职务后陷入僵局

JAKARTA: The government’s plan to assume direct ownership of the Indonesian stake in the Whoosh Jakarta-Bandung high-speed railway is up in the air following the sudden removal of Purbaya Yudhi Sadewa as finance minister.

Purbaya had previously announced a plan for the domestic majority share in the Indonesian-Chinese joint venture to be transferred from a consortium of four state-owned enterprises (SOEs) to the Finance Ministry. A day before the takeover scheduled for Sept 15, President Prabowo Subianto abruptly ousted Purbaya as finance minister and appointed Suahasil Nazara as his replacement.

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