indonesia is the world's third largest democracy and it's recently re—elected president, joko widodo,my. now, the president will announce the revamped cabinet he hopes can help. and he's asked his once bitter, the leader of the opposition, tojoin his government. aaron connelly is an expert on southeast asian politics at the international institute for strategic studies. he told me what message he thinks the president wants to send with his new cabinet. whatjokowi appears to be going for us what indonesians call a fat cabinet. he seems to want to include every party across the political spectrum except the islamist pks in his cabinet in the hope that will reduce legislative objections to his agenda, legislative investigations into misconduct in the administration whether spurious or serious. i'm not sure that it will actually work because many of these individuals were being invited into cabinet, if they're not getting what they want in terms of patronage or if their fellow party members in the legislature are not getting what they want... it will really be a mix but of course appointi

as president joko widodo starts his 2nd term this week many people in indonesia wonder just what direction he will try to take the country students have protested a proposed criminal code they say discriminates against minorities including transgender people just how is that group seen and treated we have the story of one transgender group and its attempts to build its own community. washing before prayer is a daily ritual force into since it was called santa when she was born she changed her name but the faith remained being muslim and transgender force into this is not a contradiction she says she finds peace and security in islam and feels that spirituality is important for everyone no matter what they believe in. a book on my prayer isn't about whether you're a man or a woman but we are just people who seek an encounter with god of creation meets creator completely independent of gender that's how i see it in the year in 2008 cinta founded a koran school for transgender people it's a sanctuary where they can read sewers together far away from insults and unwanted attention and yet even

turning now to some of the other stories making headlines around the world indonesian president joko widodo has been sworn in for a 2nd and final term window a form of furniture salesman has pledged to attract more investment and focus on improving the country's human resources is inauguration speech he said he expected poverty to be wiped out in indonesia over the next 2 decades. in lebanon tens of thousands of people have again taken to the streets it's the 4th day of protests since the government proposed new taxes they're part of austerity measures aimed at combating a growing economic crisis the protesters blame the political elite for the poor state of the economy. 3 people have died during protests in chile against public transport fits transport fare hikes president sebastian pinera announced the price increases would be suspended following days of violent. tests the unrest has been chile's worst in decades. bolivians are voting in elections today deciding whether to give left wing president evo morales a 4th term faces a tough race opinion polls suggest he may not win an outright v

swearing in for a 2nd term indonesia's president joko widodo and his vice president my how to fight mean in his reelection campaign earlier this year jerko a as he is more popularly known increased his margin a victory over his rival as the inauguration was happening inside the parliament building his supporters were celebrating outside and you know i really loved because he is the perfect leader for us he is the president of the people but only has so much responsibility we have to appreciate what he has done for the scanty plans for a larger rally by his followers were scrapped because of security concerns police arrested what they say was a group of suspected suicide bombers in the run up to the ceremony thousands of security personnel were on duty in the capital. despite remaining relatively popular recent weeks have been marred by violent protests. they were provoked by new laws including limiting the powers of indonesia's anti corruption body in a country where corruption is regarded as an demick as well as limit some personal freedoms critics accuse jacoby of siding with indonesia

swearing in for a 2nd term indonesia's president joko widodo and his vice president my how to fight mean in his reelection campaign earlier this year jacko a as he is more popularly known increased his margin a victory over his rival as the inauguration was happening inside the parliament building his supporters were celebrating outside and you know i'm sure a lot jerkily because he is the perfect leader for us he is the president of the people but only has so much responsibility we have to appreciate what he has done for the scanty plans for a larger rally by his followers were scrapped because of security concerns police arrested what they say was a group of suspected suicide bombers in the run up to the ceremony thousands of security personnel were on duty in the capital. despite remaining relatively popular recent weeks have been marred by violent protests. they were provoked by new laws including limiting the powers of indonesia's anti corruption body in a country where corruption is regarded as an demick as well as limits on personal freedoms critics accuse jacoby of siding with in

ukraine to investigate a political rival in exchange for military aid now indonesia's president joko widodohas named his election rival as the country's defense minister during the unveiling of a new government cabinet you're watching live pictures now of the inauguration of that cabinet from jakarta widodo one april's busily contested presidential vote against her boys to be on to but otoh was sworn in for a 2nd term earlier this week chile's president sebastian pinera has announced social reforms in the hope of ending protests that have already left 15 dead he has promised to increase pensions as well as reduce electricity and medical costs antigovernment protests there are being described as the worst to hit the country in the 30 years the unrest started in the capital santiago of an increase in the cost of train tickets since been scrapped but the demonstrations have continued and protests have broken down and bolivia after the main opposition candidate rejected the provisional results from sunday's elections incumbent president to evo morales is facing accusations that he manipulated t

swearing in for a 2nd term indonesia's president joko widodo and he's vice president my hoof i mean in his reelection campaign earlier this year jacko a as he is more popularly known increased his margin a victory over his rival as the inauguration was happening inside the parliament building his supporters were celebrating outside and you know i heard a lot jack only because it's the perfect leader for us he is the president of the people but only has so much responsibility we have to appreciate what he has done for the scanty plans for a larger rally by his followers were scrapped because of security concerns police arrested what they say was a group of suspected suicide bombers in the run up to the ceremony thousands of security personnel were on duty in the capital. despite remaining relatively popular recent weeks have been marred by violent protests. they were provoked by new laws including limiting the powers of indonesia's anti corruption body in a country where corruption is regarded as an demick as well as limit some personal freedoms critics accuse jacoby of siding with indo

in the the scene indonesian capital, joko widodo';s cabinet for his second term as president. lots of people, including his challenger from before, who has been appointed. that's the new cabinet, having their family portrait done, it's called in the business. india danger lurking as far as shadow banking, discussing the credit crisis and why gauges show problems there are far from over. that story coming up. this is bloomberg. ♪ rishaad: a look at the credit crisis in india. it has been squeezing shadow vendors, and the problems far from over. weakness in liquidity, share performance, and it is becoming more difficult to cut losses. andrew joins us with more on this. so, what is going wrong with the shadow banks? it is a problem we have been reporting on for at least a year now. andrew: it's been over a year since the major shadow lender ilfs group suddenly defaulted, which was quite a shock to the market and drove up borrowing costs since then. that's created a lot of problems. after that surprise default, other shadow banks have missed payments, including at least one in the

. >> the indonesian president joko widodo speaking exclusively with bloomberg editor-in-chief john vocusate. us is masyita crystallin economist pt bank dbs indonesia . the first priority is your form labor roles, licensing roles and the like. how far do they need to go to bring more investment into indonesia? >> i think what the government probably is doing is already very positive. however, indonesia, needs you know a little bit more to fast for the investment or new investors coming in. for example out of the chinese companies allocating production out of east asia -- relocating fraction out of east asia, east indonesia is getting none of them yet the government is doing the revision for negative investment list and also fiscal incentive. these are done at the same time to encourage more foreign investors. herenk the crucial issues are doing business and investors to start new business in indonesia because tax incentives alone will not attract foreign investment. if we are looking at tax expenditure data, the latest dacia and 2017. tax holiday for new companies coming into indonesia ha

in indonesia, president joko widodo has asked opposition leader and former military commander prabowo subianto to join the cabinet. general prabowo lost to president widodo in april's elections. presidency,ned the they p pn the massss arrest of opponents. the general has been implicated in mass killings in east timor, papua, and aceh, as well as the kidnapping and torturere of activists in j jakarta. he alslso worked directly with e u.s. defense intelligence agency and u.s. special forces in indonesia. to see our full coverage of the indonesian elections and general prabowo, go to democracynow.org. in new york, exxon mobil is going on trial today over accusations it deceived shareholders over the financial risks of climate change. in 2015, a damning report by "insideclimate news" and "the los angeles times" revealed that exxon knew that fossil fuels contributed to climate change as early as the 1970's, i did not take any action even as it covered up the science. in ohio, four major drug companies have reached a last-minute deal to settle with two ohio counties that sued the drug distr

indonesian president joko widodo will be sworn in on sunday, officially beginning a second and finalm. ahead of his inauguration, he gave john micklethwait an exclusive interview in his hometown in java. jokowi said that his focus will be on jobs, infrastructure and attacking former invest -- attracting former investment. >> you said you would open up sectors like telecoms, education, but that has not happened yet. do you have a timetable to open up those sectors, where you can fully buy companies in indonesia? >> it is in process. we will see a revision by the end of this year. for education, we will provide room for foreign universities to set up in special economic zones. foreign hospitals with the latest technology will also be allowed in special economic zones. in the technology sector, we will provide room. by year end, we will see many sectors removed from the negative investment list to create more jobs. shery: you can see that at these inm full times over the inauguration weekend, starting noon on saturday hong kong time. up next, saudi aramco delays its ipo launch again. ca

paul: the indonesian president, joko widodo, speaking with john micklethwait. -- is lower in late tradeer itsuncing it will slash workforce as part of a broad restructuring. tell us more about the scale of these cuts and what is behind them? >> hp announced today it would cut between 7000 and 9000 jobs worldwide over the next three years. has is a company that 55,000 workers, which is a huge base, but it is still a very significant percentage. the reason why is because hp has seen, over recent years, difficulty in its two core markets. there is the personal computer market, which it is most famous for and that is a market in which hp does very well from a market share perspective, but there are very low profit margins there. and then it has a printing business. for a long time, that printing business was being helped by selling ink cartridges and toner. that was where the profit margin ones, not in the actual printing margin itself. recently, that business has been under strain. there are people no longer buying personal computers in the way they have been, so there is a 4% drop in cons

widodoian president joko plans to deliver on some demands, including pertaining to labor laws. john.erg's president widodoinst others, and complaints about labor law always -- labor law always are presented to me. we will work on these as soon as possible. i will talk to labor unions, discuss with them on how to revise the labor law, but without causing loss for workers. this is for new workers, so industries can expand, for investors can invest, and help create jobs, so indonesian children can work in available sectors. laws willnew labor apply to new workers. the people will be safe with the current labor laws. that is thedodo: direction we are going so that we can attract new investment and create more jobs. the direction is for new workers, so investors can feel more comfortable investing in indonesia. john: is that your priority? will you introduce that law before the end of this year? president widodo: yes. priority is labor law, but i have to talk to labor unions. lawsll also propose 74 under the omnibus laws, so it can be simplified. beestment lists will reviewed to attract investment and provide