DENPASAR/JAKARTA -- Indonesian President Prabowo Subianto dismissed State-Owned Enterprises Minister Erick Thohir on Wednesday, clearing the way for new sovereign wealth fund Danantara to take a bigger role in overseeing government assets.
Politics
Indonesia removes minister of SOEs, handing greater power to Danantara
New sovereign wealth fund was already overseeing strategy of state-owned enterprises
Erick Thohir, head of the Football Association of Indonesia, was fired as minister of state-owned enterprises Wednesday and appointed minister of youth affairs and sports. © Getty Images
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