Although investors in Indonesian stocks received positive news from the USA after Federal Reserve Head Janet Yellen stated on Tuesday (15/07) that the US economic recovery remains incomplete therefore justifying the continuation of a loose monetary policy for the foreseeable future as well as solid economic expansion of 7.5 percent (yoy) in China during the second quarter of 2014, the domestic political context in Southeast Asia’s largest economy remains a concern. What are the latest political developments in Indonesia?

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On 13 July 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve political and economic topics such as the presidential election, an analysis of the interest rate environment, car sales, IPOs on the Indonesia Stock Exchange, a tender announcement, and more.

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Although not all quick count scores indicate a Joko Widodo (Jokowi) win, Indonesia’s stock and financial markets have gained considerably on Thursday (10/07) - one day after the 2014 Indonesian presidential election - on speculation that the General Elections Commission (KPU) will declare Jokowi the winner of the election on 22 July 2014. Out a total of 12 quick counts (mentioned below), eight showed a Jokowi win. Importantly, these seven quick counts include the authoritative agencies that traditionally have been highly accurate.

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Since 07:00 am local time, Indonesians have been able to cast their votes for the country’s presidential election; a tight race between Joko Widodo and Prabowo Subianto. Despite the narrow gap between both presidential candidates (based on various surveys), the election has been conducted in good order so far. The polling stations will close at 13:00 pm local time. Hereafter, live quick count scores, which are traditionally quite accurate, will be presented. By approximately 17:00 pm local time, the quick counts are expected to be finalized.

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Today, the Indonesian people decide who will become the next president of the world’s largest archipelago for the period 2014-2019. The Indonesian electorate numbers about 185.6 million (out a total population of 250 million) and they have only two options to choose from: Joko Widodo (Jokowi) and Prabowo Subianto, which also implies that the election will only require one round. Voting starts at 07:00 am local time and the ballot boxes close at 13:00 pm local time. Indonesian financial markets are closed.

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Wednesday 9 July 2014, is a big day for Indonesia as on that day the Indonesian people will vote for the successor of incumbent Indonesian President Susilo Bambang Yudhoyono who had been given the mandate to lead two five-year presidential terms between 2004 and 2014 (and who is the only president in the era of Reformasi that was re-elected by the people). Now, the people have to choose between Joko Widodo (Jokowi), joined by running mate Jusuf Kalla, and Prabowo Subianto, who is joined by running mate Hatta Rajasa.

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After having seen his lead over rival Prabowo Subianto narrow considerably in recent months, the latest survey released by the Indonesia Survey Circle (LSI) today (07/07) indicates that presidential candidate Joko ‘Jokowi’ Widodo’s popularity has rebounded, although the race remains tight. According to the survey, Jokowi and running mate Jusuf Kalla secured 47.8 percent of respondents’ votes, slightly higher than their rivals Prabowo Subianto and running mate Hatta Rajasa at 44.2 percent.

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On Saturday 5 July 2014, the fifth presidential debate between the two presidential pairs took place. Candidates Prabowo Subianto (joined by running mate Hatta Rajasa) and Joko “Jokowi” Widodo (joined by running mate Jusuf Kalla) faced off in the last debate. The theme of this debate was 'energy, food security and environment'. Sudharto P. Hadi, Professor of Sociology at the Diponegoro University in Semarang (Central Java) was the moderator. On Wednesday 9 July 2014, the Indonesian people will go to the ballot boxes to elect their next leader.

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On 06 July 2014, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve political and economic topics such as the presidential election, a rupiah and stock market update, an analysis of inflation and the trade balance, corruption, poverty, GDP growth, prospects of the copper price, and more.

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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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On Sunday 20 October 2024, Prabowo Subianto was inaugurated as Indonesia’s 8th president at the People's Consultative Assembly (MPR)/House of Representatives (DPR) building in Jakarta in a ceremony that was witnessed by various well-known Indonesian political figures.

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For Indonesia August is typically a month in which politics are on the foreground as the country commemorates its Independence Day on each 17th of August. This is an important day in Indonesian history as well as an occasion for many festivities and celebrations around the country.

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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).

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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.

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With Indonesia’s legislative and presidential elections approaching (on 14 February 2024), we plan to give an update on the elections each month. As we have repeatedly emphasized, these elections are crucial as incumbent President Joko Widodo cannot compete due to the two-term cap. And so, someone else will be behind the country’s political and economic steering wheel.

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There is quite some controversial material to discuss after the Constitutional Court of Indonesia (Mahkamah Konstitusi, or MK) paved the way for incumbent President Joko Widodo’s eldest son, Gibran Rakabuming Raka (henceforth Gibran), to team up with Gerindra Chairman Prabowo Subianto in the presidential race.

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We plan to give an update on Indonesia’s 2024 legislative and presidential elections each quarter because these elections are quite important for the future of Indonesia. As is widely known, incumbent President Joko Widodo cannot join this 2024 race because of the two-term limit, and so – after one decade in office – Indonesia will have a new president in 2024.

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What marked the year 2019 for Indonesia was national politics. Although in these present times each year feels like a ‘political year’ for Indonesia – as the country’s local elections are spread out across years (and in 2020 it will be the turn of voters in various parts of the Archipelago to elect nine governors, 224 regents and 37 mayors) – the year 2019 was in fact a particularly ‘huge political year’ for Indonesia because of the (general) presidential and legislative elections that were held on 17 April 2019.

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Although the signs were there in the past couple of weeks, it still came as a surprise to us that defeated presidential candidate Prabowo Subianto made the last-minute decision to throw his support behind Indonesian President Joko Widodo. It effectively means that his Great Indonesia Movement party (or Gerindra) – previously the biggest opposition party – has now joined Widodo’s coalition, and thereby handing Widodo a massive majority in national parliament.

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Indonesia Investments carefully followed developments surrounding Indonesia’s presidential and legislative elections (which were held on Wednesday 17 April 2019). Although the official results will only be announced in late May (as the General Elections Commission, or KPU, will be busy counting all votes up to 22 May 2019) we can already draw several conclusions from these events.

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