TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Businesses confident election will not slow growth
Change Size
Business players are confident that the six-month transition period between this administration and the next will not act as a hindrance in their efforts to expand their businesses, as they believe that the upcoming elections will run safely and smoothly.
(Shutterstock.com/Khongtham)
B
usiness players are confident that the six-month transition period between this administration and the next will not act as a hindrance in their efforts to expand their businesses, as they believe that the upcoming elections will run safely and smoothly.
The general election will be held on April 17 this year, while the inauguration of the president and vice president is scheduled for Oct. 20. The six-month transition period is much longer than the three-month gap in the previous presidential election on July 9, 2014. That year, the inauguration was held on Oct. 20.
Shinta Kamdani, the Indonesian Employers Association (Apindo) deputy chairwoman, said businesses would keep running as usual even though there might be a period of uncertainty.
“Businesses have to run as usual, whether there is a presidential election or not, even though as business players we need certainty,” she said recently in Jakarta.
Agustinus Prasetyantoko, an economist with Atma Jaya Catholic University, said the longer transition period would create uncertainty because whoever wins the elections would not be able to create new policies before the inauguration.
“Although Apindo has finished creating an economic road map, for example, the newly elected president and vice president can’t implement anything because they have to wait until October,” he said.
Yet, Shinta said business players were optimistic that the elections would run smoothly.
