Wednesday, 23 October 2019

Successful Elections; Indef Projects Foreign Investment Influx

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Editor:

Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - Bhima Yudhistira, an economist with the Institute for Development of Economics and Finance (Indef), projects an influx of foreign investment after the 2019 elections. He said that the successful elections yesterday will attract investors to put money in Indonesia.

    "The tone is optimistic," he told Tempo on Thursday, April 18.

    Bhima said the optimism stems from the fact that voting went safely and smoothly without any consequential disturbance. This, he said, will give an impression of a "mature and democratic" Indonesia.

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    Additionally, economic indicators have been stable within the first 24 hours after the elections. The rupiah is well kept at 14,000 per US dollar, the stock market indexes are on an uptrend, the trade balance is at a surplus, and inflation is low. 

    Meanwhile, Center of Reform on Economics' (CORE) research director Piter Abdullah said that the quick count result, which shows incumbent Joko Widodo's win, also provides positive impact to investment climate. However, he said that everything depends of the policies of Jokowi's administrations as well as future global situations.

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