Indonesia elections 2024: predictable unpredictability
Indonesia will announce the official results of its presidential elections on 20 March, where ex-defence minister Prabowo Subianto seems to have won the outright. We discuss what comes next.
Indonesia announced the results of its presidential election on 20 March 2024. Defence Minister Prabowo Subianto received 58.59% of the votes in a three horse race, defying predictions of the need for a run-off in June.
We explain what happened leading up to this point, and what foreign investors can expect the business landscape in Indonesia would look like moving forward.
Indonesia elections: Prabowo win signals troubling times ahead
According to unofficial figures, voters from Indonesia decided on February 14 that Prabowo Subianto will likely replace President Joko “Jokowi” Widodo. This means short-term security risks and a more complex business environment going forward.
Indonesia Elections 2024: A year of red herrings?
Indonesia will vote for its new president next year. With 3 potential candidates, we discuss how businesses can be prepared for whomever comes into power.
Business risks in a post-Jokowi Indonesia
While Jokowi’s reforms have brought about positive change to operating environments for businesses, multiple risks still remain.
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There is only one Jokowi
President Joko Widodo has reached an approval rating of 82%, almost right before he finishes his term. He is well connected both with the masses and the political top brass, making his position hard to replicate.
Indonesia elections: Frontrunner’s pick of president’s son as running mate likely to raise political tension
Presidential election frontrunner Prabowo Subianto has named President Joko “Jokowi” Widodo’s eldest son as his running mate. However, voter sentiments will need to be delicately managed.
Indonesia: Anti-corruption drive unlikely to strengthen after presidential race
Regardless of who wins the presidential election, lawmakers are unlikely to pass the Asset Forfeiture Bill into law before 2025.
Upcoming Indonesian presidential contest to be tight, with political plays aplenty
The 2024 presidential race frontrunner Prabowo Subianto was dealt a blow on 2 September after an ally was unveiled as the dark horse candidate’s running mate. We examine the impact this will have on the race and Prabowo’s chances of winning.
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Preparing for Indonesia’s new president
There are currently 3 possible presidential candidates to replace Joko Widodo. Each of them bring different offers to the table, and also have varying attitudes towards businesses. N.B. This video was recorded before Ganjar Pranowo completed his tenure as central Java governor on 5 September 2023.
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A regime change
Our Indonesia analyst, Achmad Sukarsono, explains what the end of President Joko Widodo’s term means for foreign investors in the country. Joko Widodo, more commonly referred to as “Jokowi”, has implemented sweeping economic reforms and has maintained high approval ratings throughout his two five-year terms. Stepping into his shoes will be no easy task.
Indonesia’s cabinet reshuffle reveals president’s preferences for the present and future
President Joko “Jokowi” Widodo on 17 July reshuffled his cabinet, without adding anyone from his own party’s core or removing certain ministers. His choices have potential ramifications for the 2024 general elections, as well as for his legacy.
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