Jakarta, Sept. 8 -- President Prabowo Subianto on Monday appointed Ferry Juliantono as Indonesia's new Minister of Cooperatives, replacing Budi Arie Setiadi in a ceremony at the Merdeka Palace.

Juliantono previously served as deputy minister and is well known for his long-standing involvement in cooperative organizations.

Since 2019, he has been deputy chair of the Indonesian Cooperative Council (Dekopin) and, since 2018, secretary of the board of the Village Unit Cooperatives (Induk KUD).

He also chairs the supervisory board of Inkopontren, the Islamic Boarding School Cooperative, leads the Padjadjaran University Alumni Association, and serves as secretary-general of the central board of Syarikat Islam.

Juliantono currently sits on t...