Six areas that affect investment opportunities
22 July 2014 saw Indonesia’s electoral commission (KPU) declare Joko Widodo, or ‘Jokowi’ as he is commonly known, as winner in the presidential election against the other candidate, Prabowo Subianto. Jokowi was declared to have received 53.15% of the count against Prabowo’s 46.85%, thus giving him a mandate to govern from October until 2019.
However, shortly before the official result was to be announced, Prabowo announced that he was withdrawing from the election process (but not the presidential contest) and he has challenged the election result in Indonesia’s Constitutional Court amid claims of serious irregularities on the election day, demanding a re-vote in more than 50,00 booths.
Although the decision of the Constitutional Court is final, the appeal process may take up to a month, leaving voters and investors with uncertainty while they wait for the decision.
To find out more about how Jokowi’s policies may impact investors, please click below to view a copy of our “election promises infographic”.