Indonesia former investment chief becomes trade minister

Posted on February 12, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Indonesia named the US-educated former head of its investment agency, Muhammad Lutfi, as trade minister on Wednesday, with the government entering its last few months before a presidential election set for July.

Lutfi takes on the job as worries remain over the country’s trade position. Though the current account deficit appears to be narrowing, a number of economists said there is a risk it could start to widen again following January’s ban on unprocessed mineral exports.