11 July 2025 (closed)
Jakarta Composite Index (7,047.44) +42.07 +0.60%
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Indonesia Investments' News Columns section contains articles with a detailed analysis regarding topics that have high news value in Indonesia and can be regarded as topics that are capable of influencing Indonesia's investment climate. Most columns published in this section cover subjects related to politics, economics and social matters. By following these publications on a regular basis, one will be apprised of what is happening in Indonesia and - just as important - understand why it is happening.
In terms of politics, the most interesting developments in June 2024 probably came from abroad. Firstly, on 28 June 2024, US President Joe Biden (aged 81) and former President Donald Trump (aged 78) squared off for the first presidential debate of the US election season. It’s worth taking a quick look at this debate as it will influence who will become leader of the world’s biggest political and economic force.
On 28 March 2024 the House of Representatives (DPR) ratified the bill on the special status of Jakarta (in Indonesian: Rancangan Undang-Undang tentang Daerah Khusus Jakarta, RUU DKJ) in a plenary session. This bill was needed as a consequence of Law Number 21 of 2023 on the Amendments to Law Number 3 of 2022 on the National Capital (UU IKN).
On 20 March 2024, the General Elections Commission (Komisi Pemilihan Umum or KPU) officially declared Prabowo Subianto and Gibran Rakabuming the winning pair of the 2024 presidential election (that had taken place on 14 February 2024).
On Wednesday 14 February 2024, a total of around 204.8 million Indonesian voters were allowed to choose the new president for the 2024-2029 period. And while not all people will take advantage of their right to vote (and there always is a number of invalid votes), we do expect more than 80 percent of that total to have shown up on Valentine’s Day.
