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Berita Hari Ini 2014 Elections

  • Indonesia Presidential Election 2014: Television Debate Jokowi vs Prabowo

    On Monday evening (09/06), the first debate between Indonesia’s two presidential candidates (joined by their running mates) was held and broadcast live on national television by various Indonesian television stations. This debate is the first in a series of five debates in which both teams - Joko ‘Jokowi’ Widodo and Jusuf Kalla vs Prabowo Subianto and Hatta Rajasa - are able to share their vision and mission to the Indonesian electorate. The debate immediately became a trending topic on social media.

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  • What is on the Political Agenda of Joko Widodo and Prabowo Subianto?

    With the presidential election of Indonesia (scheduled for 9 July) becoming a battle between Governor of Jakarta Joko Widodo, popularly known as Jokowi, and former army general and Suharto crony Prabowo Subianto, it is worth taking a closer look into the ideas and policies that both candidates would like to implement if elected as the next Indonesian president, as well as their stance on specific economic issues. The viewpoints that are mentioned below are based on the documents that both parties provided to the General Election Commission.

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  • Prabowo Subianto and Hatta Rajasa Officially Join Presidential Election

    After Joko 'Jokowi' Widodo and Jusuf Kalla announced earlier today (19/05) to form a pair in the upcoming Indonesian presidential election (scheduled for 9 July 2014), supported by a coalition consisting of the PDI-P, NasDem, PKB and Hanura, the other pair also presented itself. Prabowo Subianto officially announced that Hatta Rajasa will be his running mate in the election. This pair is backed by Gerindra, PAN, PPP, PKS and Golkar. At the last moment Golkar, second-largest party in the April legislative election, decided to join this coalition.

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  • Coalition Golkar and PD? Aburizal Bakrie & Pramono Edhie Wibowo

    According to the latest information, Golkar and Partai Demokrat (PD) may form a coalition which will nominate Aburizal Bakrie (Chairman of Golkar) as its presidential candidate and Pramono Edhie Wibowo (PD member, a former army chief and incumbent President Susilo Bambang Yudhoyono's brother-in-law) as its vice-presidential candidate. Golkar is Indonesia's second-largest political party, while PD is the fourth-largest party based on the result of the April legislative election.

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  • Indonesia Election Update: Golkar and PDI-P Move Step Closer to Coalition

    It is becoming more and more likely that the Golkar party (the second-largest political party of Indonesia based on the legislative election that was held in April 2014), will join the coalition that consists of the PDI-P (winner of the legislative election), NasDem and PKB. This coalition has already announced its full support for highly popular Governor of Jakarta Joko “Jokowi” Widodo as the coalition’s presidential nominee for the presidential election (9 July 2014). The running mate of Jokowi, however, remains a question mark.

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  • Indonesia Presidential Election Update: Jokowi-Kalla versus Prabowo-Hatta?

    The Indonesian presidential election, scheduled for 9 July 2014, is most likely to become a battle between Joko "Jokowi" Widodo and Prabowo Subianto. Although this had already been expected as both men can rely on popular support (according to various surveys) and have the political backing of important political parties, a number of developments on Tuesday (13/05) seem to confirm this expectation. Moreover, there is more clarity about the vice-presidential candidates that will join the July election.

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  • Hatta Rajasa Pairs with Prabowo Subianto in Presidential Election?

    In Indonesian media it was reported today (13/05) that Hatta Rajasa, the current Coordinating Minister for Economic Affairs, will meet President Susilo Bambang Yudhoyono this afternoon. It is speculated that in this meeting Rajasa wil ask permission to resign from his post in order to be able to run as Prabowo Subianto's running mate in the presidential election (9 July 2014). A 2008 law stipulates that ministers need to resign when participating in the election (as presidential or vice-presidential candidate) to avert a possible conflict of interest.

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  • Official Result of the Indonesian Legislative Election 2014 Released

    Only minutes ahead of the deadline on Friday (09/05), the General Election Commission (KPU) released the official results of Indonesia’s 2014 legislative election. As had been expected, the official result is highly similar to the quick count results that had been published on the day of election (09/04). The current main opposition party the Indonesian Democratic Party of Struggle (PDI-P) won the election, securing 18.95 percent of the vote, followed by Golkar (14.75 percent) and the Great Indonesia Movement Party (Gerindra) with 11.81 percent.

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  • Running Mate of Jokowi for Indonesian Presidential Election Announced Soon

    Indonesian newspaper Investor Daily reported that on Friday 9 May 2014 Joko Widodo, the presidential candidate of the PDI-P (winner of the April 2014 legislative election), will announce his running mate for the presidential election. According to the newspaper, Surya Paloh - founder of the NasDem party - said that the running mate (vice-presidential candidate) has already been agreed upon although he declined to mention a name. The PDI-P and NasDem formed a coalition last month in order to nominate a presidential candidate.

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  • Golkar-Gerindra Coalition's President: Aburizal Bakrie or Prabowo Subianto?

    Golkar-Gerindra Coalition's President: Aburizal Bakrie or Prabowo Subianto?

    Two influential Indonesian political parties, Golkar and Gerindra, may form a coalition in order to nominate a presidential and vice-presidential candidate for Indonesia's presidential election that is scheduled for 9 July 2014. After the PDI-P, which won the legislative election on 9 April 2014 with approximately 19 percent of the vote, Golkar (15 percent) and Gerindra (12 percent) came in second and third. However, both these parties contain a leader who has presidential aspirations.

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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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