Burhanuddin selected as new BI governor<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
House of Representatives Commission IX on banking has selected
\nBurhanuddin Abdullah as the new governor of Bank Indonesia to
\nreplace Sjahril Sabirin, following a \"fit-and-proper test\" of the
\nthree candidates that lasted until Monday midnight.<\/p>\n
Burhanuddin, former coordinating minister for the economy
\nunder president Abdurrahman Wahid, defeated strong candidate
\nMiranda S. Goeltom, currently deputy governor who was backed by
\nthe largest faction at the House -- the Indonesian Democratic
\nParty of Struggle -- and low-key candidate Cyrillius Harinowo.<\/p>\n
Cyrillius, who has served a senior position at the central
\nbank, appeared to have had little chance because of a lack of
\npolitical support, despite being highly respected as a
\nprofessional.<\/p>\n
Burhanuddin won 34 of the votes from the 52 Commission IX
\nmembers attending late-night voting, while Miranda got 18 votes
\nand Cyrillius zero.<\/p>\n
\"We hope the new governor will be able to contain inflation,
\nmaintain the stability of the rupiah and improve the central
\nbank's performance so that Bank Indonesia will become the best
\ncentral bank in Asia,\" said Max Muin, chairman of House
\nCommission IX, which conducted the fit and proper tests.<\/p>\n
Max said the decision on Burhanuddin would be brought to a
\nplenary House session on Tuesday for endorsement. He played down
\nany possibility that the plenary session would contest the
\nselection of Burhanuddin, contending that \"Commission IX has been
\ntasked to select the new governor.\"<\/p>\n
Burhanuddin won the support of the Golkar Party, the United
\nDevelopment Party -- respectively the second and third largest
\nfactions in the House -- and Muslim-based parties.<\/p>\n
Burhanuddin, who has served in senior positions at the bank,
\nwill replace Sjahril Sabirin, whose tenure ends on May 17.
\nSjahril, who replaced Sudradjat Djiwandono, has held the post
\nsince 1998.<\/p>\n
After the completion of the selection of the new governor, Max
\nsaid the commission would select a new deputy governor to replace
\nMiranda, whose term is due to expire.<\/p>\n
The candidates for the new deputy governor all come from Bank
\nIndonesia, namely Siti C. Fadjrijah, Hartadi Sarwono and Bambang
\nSindumurti. The selection process will start on May 19.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/burhanuddin-selected-as-new-bi-governor-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}