Below is a list with tagged columns and company profiles.

Latest Reports Joko Widodo

  • Joko Widodo Aims to Cut Indonesia’s Expensive Energy Subsidies

    Soon-to-be president of Indonesia Joko Widodo (popularly known as Jokowi) stated that he intends to cut the large fuel and electricity subsidies once in office. Indonesia’s Revised State Budget of 2015 (RAPBN 2015) allocates IDR 363.5 trillion (about USD $31.2 billion) to energy subsidies. This figure accounts for about 18 percent of total government spending (IDR 2,019.9 trillion) set for 2015. Although the energy subsidies aim to support the poorer segments of Indonesian society, they cause complex problems in Southeast Asia’s largest economy.  

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  • Indonesia Presidential Election Case: Prabowo Subianto’s Legal Challenge

    Today (06/08), the first session of defeated presidential candidate Prabowo Subianto’s legal challenge started. Based on data from the General Elections Commission (KPU), Indonesia’s July 2014 presidential election was won by Joko Widodo (Jokowi) with 53.15 percent to 46.85 percent of the votes. However, Subianto claims that the KPU’s outcome was influenced by fraud and other violations, leading to 50 million troubled votes in more than 200,000 Indonesian polling stations, and therefore challenges the result at the Constitutional Court.

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  • Indonesia Presidential Election Court Case: Prabowo Subianto vs Jokowi

    As is known, presidential candidate Prabowo Subianto did not accept his defeat in Indonesia’s July 2014 presidential election and pledged to challenge the election result in the country’s Constitutional Court (Mahkamah Konstitusi). In last month’s presidential race, Subianto was defeated by Joko Widodo (popularly known as Jokowi) by 53.15 percent to 46.85 percent. However, the defeated contender claims that there have been many cases of fraud or violations at the polling stations on Election Day (9 July 2014).

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  • Indonesian Rupiah Exchange Rate Update: Down on US Economic Data

    Although the Indonesia stock exchange as well as most businesses are still closed on Friday (01/08) amid Idul Fitri celebrations, trading in the Indonesian rupiah resumed after a four-day holiday. Impacted by developments in the USA, the Indonesian rupiah exchange rate had depreciated 1.82 percent to IDR 11,791 per US dollar by 12:25 pm local Jakarta time (based on Bloomberg Index). Asian currencies are heading for the largest weekly decline since June 2014 after US economic data indicate improved economic recovery of the USA.

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  • Indonesia Investments' Newsletter of 27 July 2014 Released

    On 27 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 result, foreign & domestic investment realization, poverty, corporate earnings reports, the latest World Bank report, and more.

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  • Prabowo Subianto Will Appeal to Constitutional Court over KPU Result

    Controversial former army general Prabowo Subianto, who was defeated in Indonesia's 2014 presidential election, is expected to challenge the election result in the Constitutional Court, claiming that the election has been influenced by massive vote fraud. Yesterday (22/07), prior to the official release of the election result by the General Elections Commission (KPU), Subianto already withdrew from the recapitulation process. Rival Joko Widodo (Jokowi) won the election securing 53.15 percent of the votes.

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  • Indonesia’s Jakarta Composite Index May Hit New Record on Jokowi Win

    The benchmark stock index of Indonesia (Jakarta Composite Index, or IHSG) may reach a new record high level this week after market favourite Joko Widodo - popularly known as Jokowi - was officially announced the winner of the 2014 presidential election by the General Elections Commission (KPU) on Tuesday (22/07). Not unimportantly, the final decision was not accompanied by any riots or social unrest Jakarta or other parts of the Archipelago, thus giving investors some more peace of mind regarding the stability of Indonesian assets.

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  • Joko Widodo ‘Jokowi’ Officially Wins Indonesia’s Presidential Election

    On Tuesday evening (22/07), the General Elections Commission (KPU) officially declared Joko Widodo, popularly known as Jokowi, the winner of the 2014 presidential election. Jokowi beat Prabowo Subianto, a controversial former army general, by 53.15 to 46.85 percent. Subianto did not witness the announcement. Several hours earlier, when news started to spread about a Jokowi win, Subianto announced to withdraw from the vote-counting process. He will challenge the result in the country's Constitutional Court (the ruling is expected in late August).

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  • Prabowo Subianto Rejects Election Result; Stocks and Rupiah Weaken

    The performance of the Indonesian rupiah exchange rate and stocks has been impacted by defeated presidential candidate Prabowo Subianto’s withdrawal from the General Elections Commission’s electoral process on Tuesday (22/07). Although the Commission (KPU) has not publicly announced the outcome of the 2014 presidential election yet, Subianto’s response is a clear sign that rival Joko Widodo - as expected - has won the election. Subianto claims that the KPU is corrupt and will challenge the outcome in the Constitutional Court.

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  • Official Result Indonesian Presidential Election 2014 Expected this Afternoon

    The General Elections Commission (KPU) is expected to release the official result of the 2014 Indonesian presidential election after 16:00 pm local Jakarta time on Tuesday (22/07/2014). First, the institution will complete the recapitulation of votes in the five remaining Indonesian provinces as well as the votes that have been cast abroad, across 96 countries. Based on the preliminary results of the KPU and various credible quick counts, Joko Widodo (Jokowi) has won the election by a five percentage point margin.

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Latest Columns Joko Widodo

  • 2019 Presidential Election Indonesia: Widodo-Amin vs Subianto-Uno

    It was a very exciting afternoon and evening on Friday (09 August 2018), especially for those who follow contemporary Indonesian politics as well as those who love sinetron (Indonesian soap operas) since there occurred plenty of drama. At the end of the day it became clear that two pairs (consisting of a presidential and vice-presidential candidate) will compete in the 2019 presidential election: (1) Joko Widodo and Ma'ruf Amin versus (2) Prabowo Subianto and Sandiaga Uno.

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  • Presidential Election Indonesia 2019: Another Jokowi-Prabowo Battle?

    Indonesia's 2019 presidential election is likely to become another battle between incumbent President Joko Widodo (Jokowi) and Gerindra party Chairman Prabowo Subianto. Both men had already been engaged in a fierce contest in 2014, one that was only narrowly won by Jokowi. On Wednesday evening (11/04) Subianto formally accepted the mandate of the Gerindra party to compete as presidential candidate in the 2019 presidential election (scheduled for 17 April 2019).

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  • Widodo Wants Indonesia's Banking Sector to Boost Credit Growth

    At a special occasion at the Presidential Palace in Jakarta, Indonesian President Joko Widodo urged local banks to become more aggressive in terms of lending as credit disbursement in Indonesia's banking sector only reached IDR 4,782 trillion (approx. USD $349 billion) in 2017, hence growing by only a modest 8.3 percent year-on-year (y/y), thus unable to provide an optimal boost to domestic economic growth.

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  • Looking Back at 2017 & Forward to 2018: Widodo's Performance

    It was a solid year for the Indonesian economy. The macroeconomic fundamentals of the nation have strengthened due to the hard work of the Indonesian government under the leadership of President Joko Widodo. However, there is no room for complacency as there remain major bottlenecks, while legislative and presidential elections - in which voters can approve or disapprove Widodo's performance - are scheduled for 2019.

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  • Business & Politics: Eyeing Indonesia's 2019 Presidential Election

    Investors will need to keep an eye on Indonesia's political years of 2018 (regional elections) and 2019 (legislative elections) as the outcomes can have a big impact on the investment climate and business climate of Indonesia. Most eyes will be on the legislative and presidential elections of 2019.

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  • Crime & Controversy: How Many Indonesians Use Illegal Drugs?

    Nico Afinta, Head of the Jakarta Police's Narcotics Unit, said the number of drug users in Indonesia is estimated to have grown up to 5 million people. They are particularly centered in Jakarta (where it is estimated that up to 1 million people use illegal drugs) and Bali. Afinta added that the high number of drug users makes Indonesia an attractive market for drug smugglers or traffickers, particularly as law enforcement in Indonesia is generally weak. Therefore, tough action is required.

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  • Wake up Call for Indonesia: What Can We Conclude from Ahok's Verdict?

    Around the globe media reported about the controversial decision of the Jakarta Court to hand a two-year prison sentence to former Jakarta Governor Basuki Tjahaja Purnama (better known as Ahok), a much tougher sentence than had been demanded by prosecutors. Ahok, a Christian from Chinese descent, was imprisoned on grounds of blasphemy. However, most analysts assume Ahok is victim of a flawed and corrupt political and judicial system.

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  • Rising Influence Hardline Islam & Billionaires Club on Indonesian Politics

    After having carefully followed the 2017 gubernatorial election in Indonesia's capital city of Jakarta, there are a couple of worrying signs. One, the rising influence of hardline Islam on Indonesian politics (and prosecution). Two, the rising influence of a handful of Indonesian "billionaire" businessmen, led by controversial Prabowo Subianto, who seek the highest political power within Southeast Asia's largest economy. Three, the cooperation between the two aforementioned forces as they each strive to fulfill their (separate) ambitions.

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  • Diplomatic & Trade Relations Indonesia: US VP Pence Met Jokowi

    Mike Pence, the Vice President of the United States, visited Indonesian President Joko Widodo on Thursday morning (20/04) at the presidential palace in Jakarta as part of Pence's Asia-Pacific tour (15-25 April 2017). Main goals of Pence's visit to several Asia-Pacific nations are to enhance diplomatic relations, improve regional security cooperation, and seek fairer trade. Pence arrived in Jakarta on Wednesday evening, directly from Japan where he emphasized US commitment to rein in North Korea's nuclear and missile ambitions.

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  • France & Indonesia: Hollande's Visit Brings Investment Commitments

    The state visit of French President François Hollande to Indonesia, part of his Southeast Asian tour and the first visit to Indonesia by a French president since François Mitterrand in 1986, resulted in several agreements. On Wednesday (29/03) Hollande met Indonesian President Joko Widodo in Jakarta with the aim to strengthen bilateral relations between both nations. Hollande was accompanied by French Defense Minister Jean-Yves Le Drian, Digital Sector and Innovation Minister Christophe Sirugue, parliament members and 40 business representatives.

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