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Today's Headlines Politics
On Sunday 14 July 2019 Indonesian President Joko Widodo unveiled his vision for Indonesia in the 2019-2024 period, which will be his second – and final - term as president of Southeast Asia’s largest economy (with the inauguration of his new cabinet scheduled for late-October 2019).
On Thursday (27.06.2019) Indonesia's Constitutional Court read out its verdict on the subject of alleged election campaign violations in the 2019 presidential election that was held on 17 April 2019. Defeated presidential candidate Prabowo Subianto had filed the legal challenge as he felt the official results (which had been announced by Indonesia's General Elections Commission/KPU) were heavily influenced by widespread fraud and vote-buying.
On Tuesday (11/06) Indonesia Investments released the May 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of May 2019 and also touches upon key international developments that impacted on the Indonesian economy.
After Indonesia's General Elections Commission (KPU) declared incumbent President Joko Widodo the winner of the country's 2019 presidential election in the early morning of Tuesday (21.05.2019), protesters started to gather - after noon - in Central Jakarta, specifically in and around Jl MH Thamrin where the office of the Election Supervisory Agency (Bawaslu) is located.
In the early morning of Tuesday 21 May 2019, Indonesia's General Elections Commission (KPU) declared incumbent President Joko Widodo the winner of Indonesia's 2019 presidential election. Meanwhile, the KPU also stated that the Indonesian Democratic Party of Struggle (PDI-P) secured most support among the Indonesian people.
Emerging market assets in Asia remained under pressure on Thursday (16.05.2019), with risk appetite being particularly undermined by rising concerns over USA-China trade tensions.
On Monday (06/05) Indonesia Investments released the April 2019 edition of its monthly research report. The report aims to inform the reader of the key political, economic and social developments that occurred in Indonesia in the month of April 2019 and also touches upon key international developments that impacted on the Indonesian economy.
On 17 April 2019 the people of Indonesia went to the ballot boxes to vote in the country's presidential and legislative elections. Shortly afterwards, the General Elections Commission (in Indonesian: Komisi Pemilihan Umum, or KPU) started to count the results.
Today, Wednesday 17 April 2019, the Indonesian people vote for the country's presidential and legislative elections. While the legislative elections are not less important, most eyes are set on the presidential election; a battle between incumbent President Joko Widodo and challenger Prabowo Subianto.
Every quarter we are very eager to learn the latest update of the Kontan CEO Confidence Index (KCCI). The KCCI is an index compiled by Kontan, an Indonesian newspaper and magazine that focuses on business and investment (and is part of the Kompas Gramedia Group). Each quarter, 30 chief executive officers (CEOs) of big Indonesian companies – covering a range of sectors - are surveyed. Their feedback is important because these CEOs are decision-makers in influential companies.
Latest Columns Politics
Although Indonesia’s next presidential election will be held in mid-2014, Aburizal Bakrie already announced in 2012 that he would run for the presidency on behalf of the Golkar party, one of the leading political parties of Indonesia and once the strong political vehicle of Suharto during the New Order regime (1965-1998). However, Bakrie, chairman of Golkar and often referred to by his nickname 'Ical', is one of the most controversial figures in modern Indonesian politics and business.
Yesterday Lembaga Survei Indonesia (LSI), a leading Indonesian public opinion research institute, published the result of a survey that indicated Megawati Soekarnoputri is leading the poll to become the country's next president in 2014. In the survey she is closely followed by Aburizal Bakrie and Prabowo Subianto. This preliminary result can be regarded negative as these names are 'products' of the old regime and thus will not support further democratization.
Just a few years ago, Susilo Bambang Yudhoyono's Democratic Party (in Indonesian Partai Demokrat or PD) enjoyed huge popularity among Indonesia's population. More than one fifth of the electorate voted for the 'Democrats' in the 2009 parliamentary election, a notable achievement in Indonesia's pluralistic society. In particular, the party's hard stance towards corruption was likened by the people. Now, however, the party crumbles under its own weight.
Next year, Indonesia will have new parliamentary and presidential elections. Now already, these elections are highly relevant as political parties need to find ways to gain popular support and need to look for the right presidential candidates. Political parties or coalitions of political parties that receive at least 20 percent of the votes during the parliamentary election, are allowed to nominate a presidential candidate. Thereafter, a presidential election - in which a few candidates participate - will decide the next Indonesian president.
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