Aburizal Bakrie
| Aburizal Bakrie | |
|---|---|
 |
|
| Leader of Golkar | |
|
In office 9 October 2009 – 31 December 2015 |
|
| Preceded by | Jusuf Kalla |
| Succeeded by | Vacant |
| Personal details | |
| Born |
15 November 1946 Jakarta, Indonesia |
| Political party | Golkar |
| Spouse(s) | Tatty Murnitriati |
| Children | Anindya Noverdian Bakrie Anindhita Anestya Bakrie Anindra Ardiansyah Bakrie |
| Alma mater | Bandung Institute of Technology |
| Religion | Islam |
In this Indonesian name, the name "Bakrie" is a family name, and the person should be referred to by the family name "Bakrie".
Aburizal Bakrie (born 15 November 1946) is a politician, and widely recognised as one of the most successful pribumi (native Indonesian) businessmen in Indonesia. From 2004 until 2005 Bakrie served as Indonesia's Coordinating Minister for Economy. From 2005 until 2009 he served as Coordinating Minister for People's Welfare. Since 2009, Bakrie served as the Chairman of the Golkar Party up to late 2014, and resumed chairmanship in May 2015.
Bakrie attended the Bandung Institute of Technology where he obtained a degree in electrical engineering in 1973.
In 1972 Bakrie joined PT Bakrie & Brothers Tbk known today as the Bakrie Group, the conglomerate founded by his late father Achmad Bakrie, which prospered much like the rest of the Indonesian economy during the Soeharto presidency. The Bakrie Group conducts business in agriculture, real estate, trade, shipping, banking, insurance, media, manufacturing, construction, and mining. Aburizal Bakrie, the eldest of four siblings was the chairman of the family enterprise from 1999 to 2004. In 1998 the Asian economic crisis challenged Bakrie's control of the conglomerate, from which he emerged victorious after a successful refinancing process in 2000.
From 1991 to 1995 Bakrie served two consecutive terms as the President of the ASEAN Business Forum and two consecutive terms from 1994 to 2004 as the President of the Indonesian Chamber of Commerce and Industry (aka ). As a member of the Golkar party Bakrie was running to become Golkar's candidate for the presidency in 2004.
In 2004 Bakrie retired from before being named Coordinating Minister for Economy. The appointment by President Susilo Bambang Yudhoyono was initially viewed with some reservation. Shortly after being named to the cabinet of Susilo Bambang Yudhoyono, Bakrie set in motion a new government policy calling for a 3% reduction of Indonesians living in poverty, by reducing fuel subsidies in exchange for financial support to approximately 6 million people. Bakrie argued the government's need to gradually increase fuel prices to keep fuel subsidies from busting its budget, while bringing the cost of fuel closer to international levels. By October 2005 and after two price hikes, the cost of fuel increased by 126%.Standard & Poor's rated the hike as an encouraging move to relieve immediate pressure on the country's fiscal position and external balance.
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