Indonesia's first woman finance minister, Sri Mulyani, 62, is already one of the country's longest serving finance ministers, working under presidents Yudhoyono and Widodo.

Indonesian President Prabowo Subianto wants to establish a new investment agency that would become a holding company for state investments, similar to Singapore's Temasek, the official named to head the proposed firm said on Tuesday.

Prabowo Subianto has been sworn in as Indonesia's eighth president. This completes his journey from an ex-general accused of rights abuses during the dark days of Indonesia’s military dictatorship to the presidential palace.