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Jakarta Post

Market gives nod to candidates

  • Winny Tang, Rachmadea Aisyah and Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Sat, August 11 2018   /  02:08 am

As they hope for an improved economic outlook, investors and businesspeople have given a green light toward the presidential and vice presidential candidates, with positive sentiments seen in the domestic stock market amid global uncertainty.

President Joko “Jokowi” Widodo picked on Thursday a religious figure, Indonesian Ulema Council (MUI) chairman Ma’ruf Amin, as his running mate for the 2019 election in an apparent attempt to win the hearts of Muslim voters and to preempt political attacks questioning his credentials as a Muslim leader.

Jokowi’s opponent, Gerindra Party leader Prabowo Subianto, also announced on Thursday his decision to partner with outgoing Jakarta deputy governor Sandiaga Uno, who is also a businessman.

A day after the announcements were made, the Jakarta Composite Index (JCI) — the main gauge of the Indonesia Stock Exchange (IDX) —...