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Yudhoyono to Announce Cabinet Members Oct. 18, Spokesman Says

Indonesian President Susilo Bambang Yudhoyono will announce his cabinet lineup Oct. 18 and inaugurate the members the following day, his spokesman said.

“Nobody knows the changes of the ministers except the vice president,” Julian Aldrin Pasha told reporters at Yudhoyono’s private residence in Bogor, West Java late yesterday. Indonesia will have a cabinet in the new formation on Oct. 20, he said.

Yudhoyono, who helped secure a second five-year term in 2009 by promising to clean up graft, is trying to improve his party’s image before campaigning begins for elections in 2014. Yudhoyono’s public support fell to a record low of 47.2 percent in the latest Jakarta-based Indonesian Survey Circle poll, taken nationwide June 1-7.

The cabinet changes are ‘on time’ to respond the domestic and global challenges in the next few years, Yudhoyono told reporters on Oct. 13. Yudhoyono plans to form a “working cabinet” in order to improve the performance in the halfway through his five-year term, he said the same day.

To contact the reporter on this story: Agus Suhana in Jakarta at asuhana1@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

Key Rates

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See today's average mortgage rates across the country. Source: Bankrate.com
Type Today 1 Mo
30-Year Fixed 3.80% 3.85%
15-Year Fixed 3.09% 3.07%
5/1-Year ARM 2.65% 2.71%
3/1 Year ARM 2.69% 2.64%
1-Year ARM 3.54% 2.78%
30 Year Jumbo 4.38% 4.45%
15-Year Fixed Jumbo 3.61% 3.66%
5/1-Year ARM Jumbo 2.90% 2.91%

Rates may include points.

See today’s average home equity rates across the country. Source: Bankrate.com
Type Today 1 Mo
30000 USD 6.40% 6.42%
Home Equity Loan 7.01% 7.47%
HELOC 30000 USD 5.53% 5.46%
HELOC Loan 3.95% 3.63%
Credit Union HELOC 4.30% 4.35%
See today’s average savings rates across the country. Source: Bankrate.com
Type Today 1 Mo
5-Year 1.49% 1.49%
2-Year 0.90% 0.90%
6-Month 0.52% 0.52%
1-Month 0.11% 0.11%
5-Year Jumbo 1.49% 1.49%
2-Year Jumbo 0.87% 0.90%
1-Year Jumbo 0.72% 0.74%
6-Month Jumbo 0.48% 0.48%
1-Month Jumbo 0.11% 0.11%
See today’s average auto loan rates across the country. Source: Bankrate.com
Type Today 1 Mo
New 36 Month 3.11% 3.16%
New 48 Month 3.24% 3.28%
New 60 Month 3.35% 3.49%
Used 4.34% 4.37%
See today’s average credit card rates across the country. Source: Bankrate.com
Type Today 1 Mo
Standard Variable 14.10% 14.10%
Standard Fixed 14.43% 14.43%
Gold Variable 12.59% 12.59%
Gold Fixed 11.99% 11.99%
Platinum Variable 14.68% 14.74%
Platinum Fixed 13.72% 13.72%
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