Indonesia: 109 Member 48 Ministry Cabinet Coalition, Temu Ban, TikTok & Bukalapak & VC Investments with Gita Sjahrir - E491

Gita Sjahrir, Head of Investment at BNI Ventures, and Jeremy Au discussed:

1. 109 Member 48 Ministry Cabinet Coalition: With the inauguration on October 20, 2024, President Prabowo Subianto expanded the cabinet from 34 to 48 ministries, the largest since 1966. Prabowo's coalition-building strategy is to accommodate political allies and unify the seven-party coalition behind him. They drew comparisons to Germany’s coalition politics, emphasizing the importance of coordination between Indonesia’s national and regional leaders for effective governance.