Controversial ex-general Prabowo Subianto is likely Indonesia's next president. Here's what that means for Southeast Asia's largest democracy [Yahoo! Finance]
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Source: Yahoo! Finance
Prabowo was the frontrunner in the elections , held on Wednesday, promising to continue the policies of his popular predecessor, Joko Widodo, popularly known as Jokowi. According to several private "quick counts" by independent pollsters based on a sampling of polling stations , Prabowo, 72, has close to 60% of the vote, which would be enough to avoid a run-off. Polls have reported over 90% of the vote by 1:30pm local time. The other two candidates, Jakarta Governor Anies Baswedan and former Central Java Governor Ganjar Pranowo, have yet to concede Over 200 million people were eligible to vote on Wednesday, in the world's biggest single-day election. Indonesians were also voting for local and national legislators. Markets appear to have welcomed Prabowo's early declaration of victory. The Jakarta Composite Index, which tracks the stocks traded on the Indonesia Stock Exchange, jumped by as much as 2.2% in early trading, the largest increase since May 2022, according to Bloomberg.
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News
- Indonesia's Surprise Rate Hike May Not Be the Last, Economists Say [BNN Bloomberg (Canada)]BNN Bloomberg
- Bank Indonesia to hold rates until Q2, elections unlikely to sway monetary policy [Reuters]Reuters
- Controversial ex-general Prabowo Subianto is likely Indonesia's next president. Here's what that means for Southeast Asia's largest democracy [Fortune]Fortune