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Berita Hari Ini 2014 Elections

  • Politics in Indonesia: Presidential Election 2014, Jokowi vs Prabowo

    Politics of Indonesia: Update Presidential Election 2014, Jokowi vs Prabowo

    With only one more week to go before the Indonesian people will go to the ballot boxes on 9 July 2014 to vote for Indonesia's next leader, speculation and news about the presidential race has become intense. On social media, discussions among Indonesians about the election are intense and emotional. This is exacerbated by the high level of uncertainty with regard to the outcome of the election. Recent surveys indicate that the initial large gap between candidates Joko Widodo (Jokowi) and Prabowo Subianto has nearly vanished.

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  • Debate Indonesian Vice-Presidential Candidates: Hatta Rajasa vs Jusuf Kalla

    Opinions about who won the vice-presidential debate, held on Sunday (29/06) in the Bidakara hotel (South Jakarta), were mostly mixed. However, when reading the Indonesian media on Monday morning there seems to be a preference for Hatta Rajasa’s performance (the running mate of presidential candidate Prabowo Subianto). When watching the debate, it was clear that Rajasa is a much more rhetorically gifted speaker compared to his rival Jusuf Kalla (Joko Widodo’s running mate).

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  • Presidential Election Indonesia 2014: Debate Jusuf Kalla vs Hatta Rajasa

    This evening (Sunday 29 June 2014), the fourth presidential debate took place, organized in the Bidakara hotel in South Jakarta. However, it was not a debate between the two presidential candidates, Joko ‘Jokowi’ Widodo and Prabowo Subianto, but between both vice presidential candidates: Jusuf Kalla (Jokowi’s running mate) and Hatta Rajasa (Subianto’s running mate). The theme of tonight's debate was development of human resources, science and technology in Indonesia.

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  • What Explains Current Declining Business Confidence in Indonesia?

    According to the latest Grant Thornton International Business Report (IBR), released on 26 June 2014, confidence of Indonesian businesses regarding the country’s economy as well as business environment experienced a significant decline in the second quarter of 2014 from a net balance of 78 percent¹ in the previous quarter to 48 percent. However, despite this decline, optimism amongst Indonesian business owners is still ahead of the global average at 46 percent. Indonesia is ranked fourteenth among the 34 surveyed economies.

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  • Election Indonesia: 3rd Presidential Debate Prabowo Subianto vs Jokowi

    On Sunday evening (22/06), the third debate between the two presidential candidates of Indonesia - Joko Widodo (popularly known as Jokowi) and Prabowo Subianto - took place and was broadcast live on national television by various stations. Through these debates the presidential candidates are able to outline their vision while trying to increase their popularity among the Indonesian electorate (on 9 July 2014 the Indonesian people will vote for their new leader). The theme of this third debate was ‘international politics and national security’.

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  • Indonesian Rupiah Down on Oil Price, Fed Meeting and Political Uncertainty

    The Indonesian rupiah exchange rate came close to the IDR 12,000 per US dollar mark on Wednesday (18/06). Based on the Bloomberg Dollar Index, Indonesia’s currency depreciated 0.87 percent to IDR 11,997 per US dollar. Bank Indonesia stated that the weakening is due to violence in northern Iraq (giving rise to a higher oil price which subsequently pressures the financial balance sheets of countries that import oil, such as Indonesia), and concern about results of the Federal Reserve meeting (17-18 June 2014).

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  • Survey: Majority See Prabowo Subianto Guilty of Human Rights Violations

    A survey conducted by Lembaga Survei Indonesia (Indonesian Survey Institute, abbreviated LSI) shows that about 51.5 percent of respondents believe that current presidential candidate Prabowo Subianto was involved in the kidnapping and disappearance of political activists in May 1998. Subianto - commander in chief of the Kostrad (the Indonesian Army's Strategic Reserve Command) in the period March to May 1998 - has since long been linked to human rights violations in Jakarta’s May 1998 riots as well as in East Timor in the 1980s.

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  • Influence of FIFA World Cup Football Brazil 2014 on Indonesian Exports

    The FIFA World Cup 2014, the world’s most prestigious football tournament (currently taking place in Brazil), boosts the textile and textile products industry of Indonesia. Local Indonesian companies have had to deal with a large increase of orders, particularly for apparel products. In the first six months of 2014, Indonesian exports of apparel products are expected to rise 15 percent to USD $3.5 billion. Between 10 and 15 percent of this total value involves exports of football jerseys of those teams that compete in the FIFA World Cup.

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  • Foreign Investors Sell Indonesian Assets if Prabowo Subianto is Elected

    A survey of the Deutsche Bank, one of the world's leading financial service providers, showed that the foreign business community will not be content if Prabowo Subianto takes over the presidential seat from incumbent president Susilo Bambang Yudhoyono. According to this survey, 56 percent of respondents are planning to sell Indonesian assets if the electorate chooses Subianto as next president in the election that is scheduled for 9 July 2014. About 13 percent answered to buy Indonesian assets in the same scenario.

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  • Indonesia Presidential Election 2014: What do the Recent Surveys Say?

    A survey conducted by Pusat Data Bersatu (PDB) shows that the Joko 'Jokowi' Widodo-Jusuf Kalla pair enjoys more popularity than the Prabowo Subianto-Hatta Rajasa pair. Both teams compete to be elected as Indonesia’s new president and vice president by the people (on 9 July 2014). The result of the survey, which was conducted in seven cities, indicates that, if the election would be held today, Joko Widodo-Jusuf Kalla can rely on 32.2 percent of the vote, whereas the Prabowo Subianto-Hatta Rajasa team received 26.5 percent of the vote.

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Artikel Terbaru 2014 Elections

  • Investors Prefer to Wait & See before Buying Indonesian Stocks

    As I have mentioned before, Indonesia's benchmark stock index (better known as the Jakarta Composite Index or IHSG) runs the risk of declining amid a lack of domestic or external positive market sentiments. Despite the indices on Wall Street being up on the higher than expected markit services PMI as well as ISM-non manufacturing PMI, it was unable to uplift sentiments in Jakarta. Market participants seem to wait & see in the first week of May 2014, evidenced by the reduced trading volume and value of transactions.

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  • Bank Indonesia May Hike Interest Rates to Safeguard Financial Stability

    Bank Indonesia May Hike Interest Rates to Safeguard Financial Stability

    Standard Chartered Bank Economist Eric Sugandi expects that the central bank of Indonesia (Bank Indonesia) will have raised its benchmark interest rate (BI rate) by 50 basis points (bps) to 8.00 percent by the end of 2014. Sugandi also said that it is highly unlikely that Bank Indonesia will lower its BI rate in the next two years amid further Federal Reserve tapering and possible US interest rate hikes in 2015 and 2016. Moreover, the Indonesian government may still decide to reduce fuel subsidies further (thus triggering inflationary pressures).

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  • Preliminary Analysis Parliamentary Election Result in Indonesia

    A Preliminary Analysis of the Parliamentary Election Result in Indonesia

    Although several quick counts of today's legislative election in Indonesia still continue, the big picture is clear. The current opposition party PDI-P will win Indonesia's 2014 parliamentary election, followed by Golkar and Gerindra. This is no surprise as most surveys that were released ahead of the election indicated that these three political parties would be the major contenders. As a whole, the election went relatively smoothly, with only a few minor incidents. The official result will be announced on 9 May 2014.

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  • Indonesian Rupiah Exchange Rate Up Ahead of Parliamentary Election

    Most emerging market currencies, including the Indonesian rupiah exchange rate, appreciated against the US dollar on Tuesday (08/04) due to carry trade (meaning the selling of low-yield currencies for higher-yielding assets) and expected stimulus from China's government to boost its economy (Chinese shares in fact gained 2.2 percent on this stimulus speculation). The rupiah appreciated 0.14 percent to IDR 11,289 per US dollar based on the Bloomberg Dollar Index, partly due to variety of domestic factors.

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  • Bank Indonesia Maintains Benchmark Interest Rate (BI Rate) at 7.50%

    The central bank of Indonesia (Bank Indonesia) decided to maintain its benchmark interest rate (BI rate) at 7.50 percent at the Board of Governors’ Meeting held on Tuesday 8 April 2014. The Lending Facility rate and Deposit Facility rate were held at 7.50 percent and 5.75 percent respectively. This policy is consistent with ongoing efforts to steer inflation back towards its target corridor of 4.5±1 percent in 2014 and 4.0±1 percent in 2015, as well as to reduce the current account deficit to a more sustainable level.

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  • Parliamentary Election in Indonesia; Overview of Popular Political Parties

    Parliamentary Election in Indonesia; Overview of Popular Political Parties

    On Wednesday 9 April 2014, the Indonesian electorate (consisting of about 190 million people out of a total population of around 250 million) will vote for both the country's national and regional legislatures. This legislative election also bears a big influence on the presidential election that is scheduled for 9 July 2014 as a minimum of 25 percent of the popular vote in the legislative election (or 20 percent of seats in the House of Representatives, DPR) gives a party the authority to nominate a presidential candidate.

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  • World Bank: March 2014 Indonesia Economic Quarterly Investment in Flux

    World Bank: March 2014 Indonesia Economic Quarterly "Investment in Flux"

    Today (18/03), the World Bank released the March 2014 edition of its Indonesia Economic Quarterly (IEQ), titled Investment in Flux. The report discusses key developments over the past three months in Indonesia’s economy, and places these developments in a longer-term and global context. Secondly, it provides a more in-depth examination of selected economic and policy issues, as well as analysis of Indonesia’s medium-term development challenges. Click here for further information about the World Bank and its activities in Indonesia.

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  • The Jokowi Effect: Indonesia's Financial Markets Gain on Political Certainty

    A shock wave went through Indonesia's financial markets on Friday (14/03) after 15:00 local Jakarta time, when it became known that Joko Widodo (popularly known as Jokowi) is joining the presidential race for the July 2014 election. Moreover, he can count on full support from the Indonesian Democratic Party of Struggle (PDI-P), one of Indonesia's largest political parties, led by chairwoman Megawati Soekarnoputri. Few people doubt that Jokowi - current Governor of Jakarta - will be elected as the next president of Indonesia.

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  • Jokowi Candidate for Indonesian Presidency; Markets React Positively

    Jokowi Candidate for Indonesian Presidency; Markets React Positively

    After months of uncertainty and speculation, Governor of Jakarta Joko Widodo (popularly known as Jokowi) has finally declared to run for the Indonesian presidency in the presidential election scheduled for 9 July 2014. Jokowi is backed by the Indonesian Democratic Party of Struggle (PDI-P), one of the largest political parties in Indonesia, led by chairwoman Megawati Sukarnoputri. On Friday (14/03), Megawati released a statement in which she announced to fully support Jokowi in the upcoming elections.

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  • Indonesian Rupiah Exchange Rate's New Equilibrium at IDR 11,000?

    Indonesian Rupiah Exchange Rate's New Equilibrium at IDR 11,000?

    Coordinating Minister for Economic Affairs Hatta Rajasa said that the rupiah exchange rate's new equilibrium is at IDR 11,000 per US dollar. As the economic fundamentals of Indonesia's economy have improved in recent months - evidenced by the easing current account deficit and inflation - the rupiah has shown a strong performance, appreciating around six percent against the US dollar in 2014 (year to date). In fact, Rajasa warned that the rupiah should not strengthen too much as this impacts negatively on Indonesia's trade balance.

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