Indonesia Now Must Hope To Avoid Election Muddle

Published on 11 Apr 2014, 20:21
Markets are said to hate uncertainty and that is what they got from the first round of voting in Indonesia this week. Sure enough, after the Democratic Party of Struggle, fronted by Jakarta Mayor Joko Widodo, failed to pull en0ugh legislative ballots to avoid running as a coalition in the July presidential ballot, the rupiah currency declined, as did the Indonesia stock index until a Friday uptick. With the reformist mayor, known as Jokowi, the PDI-P was seen as having the closest thing to a popular horse in the race. Party elder and former President Megawati had deferred to Jokowi, 52, as a hot ticket back to power after two terms under SB Yudhoyono of the Democratic Party.
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