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View all search resultsThomas Djiwandono secures BI deputy governor post
President Prabowo Subianto nominated Thomas, his nephew, on Jan. 19 to replace former deputy BI governor Juda Agung, who resigned with immediate effect on Jan. 13, according to BI.
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President Prabowo' Subiantos nephew Thomas "Tommy" Djiwandono poses for a photo shortly before his inauguration ceremony as deputy finance minister at the Presidential Palace in Jakarta on July 18, 2024. (JP/Deni Ghifari)
T
he House of Representatives has officially picked Thomas “Tommy” Djiwandono to become a senior official at Bank Indonesia (BI) following his confirmation hearing on Monday in which he addressed market sentiment and guaranteed the central bank’s independence during his tenure.
Tommy, who currently serves as a deputy finance minister, went through the screening interview conducted by members of House Commission XI, which oversees financial affairs. The House came to the decision swiftly after wrapping up the interview.
Mukhamad Misbakhun, the commission’s chairman, announced Tommy’s selection to the media mere minutes after the candidate left the building, saying that he was “a figure that can be accepted by all political parties” and that the decision would be brought to the plenary session the very next day.
The future deputy governor addressed market sentiment during his presentation in the hearing, acknowledging that the “assumptions made about him were not good” given his familial ties with President Prabowo Subianto.
He said there was “no other way” to ward off the naysayers “but to work as hard as I can”.
President Prabowo nominated Tommy, his nephew, on Jan. 19 to replace former deputy BI governor Juda Agung, who resigned with immediate effect on Jan. 13, according to BI. On the same day, Finance Minister Purbaya Yudhi Sadewa stated that Juda was slated to take Tommy’s position as deputy finance minister.
Both the rupiah and the yields on Indonesia’s 10-year bond were hit by Tommy’s nomination, given concerns about BI’s independence.
