New Delhi, Sept. 10 -- Indonesia's president replaced key economic and security ministers in a Cabinet shakeup Monday after deadly protests over lawmakers' perks and the cost of living erupted across the country.

The Cabinet shake-up followed rising public dissatisfaction with President Prabowo Subianto's administration and parliament's perceived insensitivity over economic hardships.

Five ministers lost their jobs, including Finance Minister Sri Mulyani Indrawati, a technocrat who had served as the executive director of the International Monetary Fund and managing director of the World Bank, and Budi Gunawan, the coordinating minister for politics and security.

Subianto chose economist Purbaya Yudhi Sadewa, chairman of the Deposit Ins...