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Thursday, 13 December 2018 | 10:36
Sandiaga Explains Strategy to Settle SOE Debts of Rp5,000tn Sandiaga Uno is currently mapping out strategies to settle
debts of state-owned enterprises (SOE) which he deems quite
alarming.
Thursday, 13 December 2018 | 10:16
Only 11 Percent of Women as News Resource Persons The ratio of media coverage to women as news resource persons
compared to men in public policy is still far from ideal.
Investors Respond Positively to VP Hopeful Announcements
Joko Widodo (Jokowi) and Prabowo Subianto
Friday, 10 August, 2018 | 19:56 WIB
Investors Respond Positively to VP Hopeful Announcements

TEMPO.CO, Jakarta - Businesses are upbeat following the announcements of President Jokowi's and Prabowo Subianto's running mates. Jokowi has tapped Indonesian Ulema Council (MUI) chair Ma'ruf Amin, while Prabowo appointed Jakarta Deputy Governor Sandiaga Uno.

“There will be no more religious issues that should be feared,” said Eddy Gafeno, the head of the Indonesian Chamber of Commerce and Industry (Kadin) today.

According to Eddy, there were moments when religious issues had driven investors away from Indonesia. However, the trading industry became stable upon the announcements of the VP candidates. 

Read: Jokowi Inks OSS Decree to Boost Capital Investment

Eddy said businessmen feared that frictions in the society would recur due to religious issues, which would affect trading as investors balked at investing.

However, Eddy was bullish that Jokowi and Prabowo would be able to rejuvenate the economy. “We’ll just have to wait who wins the election,” said Eddy. 

Read: Jokowi, JK Dissatisfied with 10 pct Foreign Investment Growth

The currency market reacted positively to the news of Jokowi announcing Ma’aruf Amin as his running mate and Prabowo selecting Sandiaga Uno. The rupiah interbank exchange rate on Friday morning climbed six points to Rp14,426 from Rp14,432 per US dollar.

 

AHMAD FAIZ



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