Categories
Business Top Stories

Global Investors Keep A Close Eye On Indonesia Elections

The April 17 elections of Indonesia are expected to see 193 millions of voters of the most populous country of Southeast Asia casting their votes at about 800,000 polling stations. This election has been described by analysts as the biggest single-day elections of the world.

The Director of Southeast Asia Project, Ben Bland has said that Indonesia is witnessing five elections at the same time and this makes the whole electoral process a complex one. He also talked about India’s elections which will be conducted in April and May over a six weeks period. According to the data of the US Census Bureau Indonesia is the fourth most populous country with a population of about 264.9 million and is spread across 17,000 islands.

The Indonesian elections are being held for the following positions. President and Vice President, 575 members of Indonesia’s house of representatives or People’s Representative Council, 136 members of the Senate or the Regional Representative Council, around 2000 provincial legislature seats, about 18,000 city and district council seats.

Achmad Sukarsono, the lead analyst for Indonesia at Control Risk said that the House of Representatives election will be an important event this time. The Indonesian Democratic Party of Struggle had been dominating the chamber on coalition. However Sukarsono predicts that the coalition may drop this time as there have been scandals surrounding the PDIP which would prove beneficial for the opposition.

The Societe Generale’s head of emerging markets strategy, Jason Daw has said that the current President Joko Widodo more famously known as Jokowi re-elected into the position would be the most favorable for the financial markets. This was because Jokowi’s style of governance and his policies were always comfortable for the investors. The start of 2019 saw a huge amount of foreign investments pouring into the stock markets. Although Jokowi has pledged to make economic reforms his priorities, the analysts said that his win in the coming elections will not be of much hope to the investors again. Senior economist at Capital Economics, Gareth Leather said that no measures had been taken by Jokowi in freeing the labor market of Indonesia and unless this is achieved the development of the manufacturing base which is labor-intensive cannot take place and this will in turn hamper the economic success.

By Aaron Fortunato

Aaron has accomplished his graduate degree in B. Tech Electronics and Communications from the reputed University in the Year 2014. After that, he pursued his career as a technical writer and has been contributing to our technical writing division. Along with writing and editing articles, PRs, and blogs, he also conducts seminars and short classes for the team to share knowledge and make improvements in the current strategies followed by them. His passion for technical writing provokes him to explore updated technology-based gadgets, attending exhibitions, and attending conferences.

Leave a Reply

Your email address will not be published. Required fields are marked *