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            [post_content] => Jakarta. Investors should look beyond the divisive and religiously charged Jakarta election and take confidence from a peaceful voting day as a sign of stability in the country, officials and business leaders said.

Quick count results show that Anies Baswedan, the candidate backed by Muslim hardliners and conservatives, won the runoff election by a landslide against incumbent Governor Basuki "Ahok" Tjahaja Purnama, a Christian of Chinese descent. The latter ran a doomed campaign in the Muslim-majority capital while facing false blasphemy allegations, despite having scored high approval ratings of his performance in office.

"There are many questions about the impact and result of the dramatic election on investment," Investment Coordinating Board (BKPM) head Thomas Lembong said on Thursday (20/04).

"I think [the impact on investment] will be positive, because the election took place in an orderly and peaceful manner," he said on the sidelines of The Economist Events' Indonesia Summit in Jakarta, where policy makers, investors, regulators, academics and business leaders gathered to get an update on economic conditions in the country.

Talks at the summit were dominated by the second round of the Jakarta gubernatorial election, which took place just a day before the event.

Prominent business leaders at the summit also expressed optimism in the new leaders' ability to govern Jakarta, where about a sixth of Indonesia's economic output was generated last year.

"The most important thing for the business sector is stability and the fact that yesterday's election ran smoothly is very important," Lippo Group director John Riady said.

However, Shinta Widjaja Kamdani, deputy chairwoman of the Indonesian Employers Association (Apindo), said some foreign investors are concerned about the way sectarian issues played out during the election campaign period.

"They are worried that what happened in Jakarta can be replicated elsewhere and that [the use of issues related to] race and religion can win the election," she said.

Shinta said investors also have many factors to consider that are not related to Wednesday's election and its aftermath, before investing large amounts of money in Indonesia.

The BKPM has set a foreign and local investment target of Rp 679 trillion ($51 billion) for this year and Rp 860 trillion for next year.

Last year, the agency reported that the total value of foreign investment that came into the country amounted to Rp 397 trillion, which was 8.4 percent higher compared with a year earlier. This also exceeded the target of Rp 386 trillion.
            [post_title] => Investors to Take Confidence From Peaceful Jakarta Election 
            [post_excerpt] => Investors should look beyond the divisive and religiously charged Jakarta election campaigns and take confidence from a peaceful voting day as a sign of the country stability, official and business leaders said.
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            [post_content] => Jakarta. After receiving most of the votes in the second round of the Jakarta gubernatorial election on Wednesday (19/04), Anies Baswedan and Sandiaga Salahuddin Uno have reiterated that they intend to reconcile with their rivals, set up a transitional team and will strive to unify Jakarta residents after the much-divided election.

Anies and running mate Sandiaga declared victory after quick count results by multiple pollsters. 

Following his postelection victory, Sandiaga said in Jakarta on Thursday that he urges all residents to reunite after they were divided into factions during the gubernatorial election.

"No more prejudice, insinuations and mockery. Let us [put aside] the differences and unite for a better Jakarta," Sandiaga said. The deputy governor-elect said he would focus on reconciling with Governor Basuki "Ahok" Tjahaja Purnama and Deputy Governor Djarot Syaiful Hidayat. "We will work hard to fulfill the promises in our campaigns to Jakarta's residents and one of the starting points is to establish a transitional team with [the sitting] administration," he said. Anies and Sandiaga also said that existing programs will continue, especially the programs that have proved beneficial to the community. "Our goal is to serve the public well, without any discrimination. Civil servants who have performed well will continue to have a job, while those who deviate from our vision to serve the public's [best interests] will be cut off," Sandiaga said. "We are thankful for [Ahok] and Djarot who have paved the way for us to continue to effectively govern," he said.

On Wednesday, at Rumah Kertanegara in South Jakarta, shortly after declaring their victory, Anies said that it was a milestone for him and Sandiaga to set off on a new journey to return justice to Jakartans.

"For us, our journey is just starting. What we have achieved is not only a victory in the election, but a victory to bring back justice to the capital city," Anies said. Anies promised that his administration will remain focused on resolving social justice issues. "Jakarta is the most diverse city in Indonesia, and we are committed to taking care of it, as well as fighting for unity in this city. We want to celebrate unity and diversity at the same time," Anies said. [post_title] => Anies-Sandi to Reconcile With Rivals, Set Up Transitional Team, Unify Jakarta [post_excerpt] => After receiving most of the votes in the second round of the Jakarta gubernatorial election on Wednesday (19/04), Anies Baswedan and Sandiaga Salahuddin Uno have reiterated that they intend to reconcile with their rivals, set up a transitional team and will strive to unify Jakarta residents after the much-divided election. 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Anies, who won the gubernatorial race, based on quick counts from pollsters came to meet Ahok to discuss the city administration's work program. (Antara Photo/Hafidz Mubarak A.) [created_timestamp] => 1492674495 [copyright] => ANTARA FOTO [focal_length] => 26 [iso] => 250 [shutter_speed] => 0.004 [title] => Gubernur DKI Jakarta Basuki Tjahaja Purnama atau Ahok (kanan) berjabat tangan dengan calon Gubernur DKI Anies Baswedan (kiri) sebelum melakukan pertemuan di Balai Kota, Jakarta, Kamis (20/4). ) [post_id] => 656087 ) ) [2] => stdClass Object ( [ID] => 655429 [post_author] => 222 [post_content] => Indonesian rupiah, the biggest loser among Asian currencies, fell 0.26 percent to trade at 13,330 on Thursday (20/04) when polls showed that Basuki "Ahok" Tjahaja Purnama lost his bid for re-election as governor of Jakarta to Anies Baswedan — a former education minister. Ahok, who was seen as a foreign-friendly candidate, lost Wednesday's election by a huge margin, a surprise as most opinion polls had pointed to a neck and neck race between the two candidates. The rupiah opened 0.19 percent lower versus the dollar on Thursday, following a market holiday on Wednesday, and fell further during the morning session in reaction to the election results. But while most analysts do not expect the election results to have a sustained impact on the rupiah market, Nomura said ahok's defeat was slightly negative for the rupiah in the near term. "Foreign investors and media were very impressed by Jakarta's acceptance, as reflected in Purnama's high approval ratings, of a non-Muslim, ethnic-Chinese Governor, and his loss will likely cause them to question Indonesia's level of religious tolerance," Nomura said in a note. The precursor to this key election was a campaign that incited political and religious tensions in the world's most populous Muslim country. Investors also eased their positions in the Indonesian stock market, which fell marginally, following the election results, and parked their money in the three year Indonesian benchmark bond instead, the yields on which fell to 6.613 percent, the lowest level in around five months. More than a third of outstanding Indonesian government bonds are held by foreigners. Other factor that kept the currency subdued was a key economic policy meeting later in the day, where the central bank is widely expected to keep interest rate steady, according to a Reuters poll. Othe Asian Currencies  Most other Asian currencies also fell on Thursday, as traders pared back bets ahead of the French presidential election, while weak US data, and tensions around North Korea conflict added to uncertainty. France's presidential election is being closely watched as the stakes for investors are high, with two anti-EU, anti-euro candidates among the four seen still in contention to make it to a second round two weeks after Sunday's ballot. The dollar index further weighed on EM currencies, creeping up 0.06 percent in Asian trading on Thursday, against a basket of six major rivals. The Malaysian ringgit fell 0.02 percent versus the US dollar, while the Taiwan dollar dropped to 30.423 ahead of export orders data which is expected to show an expansion in March, a Reuters poll showed. The pace of growth, however, is seen halving from February. The Thai baht rose marginally after the central bank said Wednesday it is ready to act on any excessive volatility in the currency. Chinese Yuan China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources told Reuters on Wednesday. As of last week, the People's Bank of China (PBOC) is no longer demanding that banks match outflows with equal inflows, the sources said. This relaxation suggests China has more confidence in the yuan, and concerns about disorderly outflows have subsided, OCBC said in a note. The yuan was unaffected by the news and traded flat on Thursday. The currency slumped around 6.5 percent against the dollar last year, but has firmed nearly 1 percent in 2017, defying, for now, many analysts' expectations of further depreciation. A Reuters poll earlier this month indicated investors likely increased their bullish bets on the yuan to the most since July 2015. Reuters [post_title] => Rupiah Slips on Jakarta Election Result, Other Asian Currencies Lower [post_excerpt] => Indonesian rupiah, the biggest loser among Asian currencies, fell 0.26 percent to trade at 13,330 on Thursday (20/04) when polls showed that Basuki "Ahok" Tjahaja Purnama lost his bid for re-election as governor of Jakarta to Anies Baswedan — a former education minister. 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(Antara Photo/Adwit B Pramono) [created_timestamp] => 1482151423 [copyright] => [focal_length] => 48 [iso] => 800 [shutter_speed] => 0.0025 [title] => Lembaran mata uang Rupiah edisi baru diperlihatkan di Manado, Sulawesi Utara, Senin (19/12). ) [post_id] => 614599 ) ) [3] => stdClass Object ( [ID] => 654943 [post_author] => 222 [post_content] => Jakarta. Polls closed after a mostly smooth vote on Wednesday (19/04) in Jakarta's divisive election between a Muslim and a Christian candidate that stoked religious tensions in the capital of the world's third-largest democracy. Police said 15 people were detained following reports of disturbances at several polling stations in the city of 10 million people, after what the Jakarta Post this week dubbed "the dirtiest, most polarising and most divisive" election campaign the nation had ever seen. "Political differences should not break our unity," President Joko "Jokowi" Widodo said in a statement after casting his ballot at a central Jakarta polling station. "We are all brothers and sisters. Whoever is elected, we must accept." Opinion polls in the run-up to the election pointed to a dead-heat between the incumbent governor, Basuki "Ahok" Tjahaja Purnama – the city's first Christian and ethnic-Chinese leader – and a former education minister, Anies Baswedan, who like 85 percent of Jakarta's residents, is Muslim. Given Jakarta's outsized importance as both the nation's capital and commercial center, the election could be a barometer for the 2019 presidential election. Ahok is backed by President Joko Widodo's ruling party. Anies, is backed by a conservative retired general, Prabowo Subianto, who lost to Jokowi in a 2014 presidential vote and may challenge him again. But the election is also viewed as a test for Indonesia's young democracy and record of religious tolerance, with both sides raising concerns about intimidation and voter fraud. The campaign featured mass rallies led by a hardline Islamist movement, which has strengthened in recent years in a country long dominated by a moderate form of Islam. Light Security "Don't let any cheating happen, because the future of Jakarta is determined by the election today," Ahok, 50, told reporters after voting with his family in North Jakarta. His rival, Anies, 47, said as he voted in the south of the city that the election was being closely watched at home and abroad, so it was important to avoid an atmosphere of tension. Polls closed at 1 p.m. (06:00 GMT) with 7 million people eligible to vote. Security appeared light at several polling stations, though police said 66,000 personnel were deployed across the city. Police in neighboring provinces on Java island searched private cars and public buses heading for Jakarta on Tuesday to look for sharp objects and explosives. Jakarta police spokesman Argo Yuwono said police had stopped and searched vehicle heading for Jakarta on Tuesday to ensure "no movement of masses toward the capital". Religious tensions have been an undercurrent in the campaign, with Purnama on trial for blasphemy over comments he made last year that many took to be insulting to Islam. Hundreds of thousands of Muslims took to the streets late last year to call for his sacking and to urge voters not to elect a non-Muslim leader. One person died and more than 100 were injured after one protest turned violent. Police fear Islamic leaders could incite a fresh bout of unrest if Ahok wins the election. Contesting the Results  Ahok faces up to five years in jail if convicted of blasphemy. His trial will resume on Thursday, when prosecutors will submit a sentence request. "We are worried things could be hotter if the results are quite close," said Isabella Hariyono, a 30-year-old voter in North Jakarta. "We hope things don't heat up. The police and military are ready but we never know." Private pollsters, approved by the national elections commission, are expected to announce an unofficial tabulation of a sample of votes, known as "quick counts", within a few hours of polls closing. The elections commission is expected to announce official results by the first week of May. The loser can contest the results in the Constitutional Court, which could prolong political uncertainty for weeks. Citigroup said in an investor note that, despite the potential for renewed protests if Ahok won, it was maintaining a Jakarta stock index target of 6,150 by the end of 2017, representing an 8 percent upside. "As long as there are no security issues, the election outcome should not significantly stall the reform program of the national government, in our view," it said. Reuters [post_title] => Jokowi Calls for Unity in Jakarta's Nail-Biting Vote [post_excerpt] => Polls closed after a mostly smooth vote on Wednesday (19/04) in Jakarta's divisive election between a Muslim and a Christian candidate that stoked religious tensions in the capital of the world's third-largest democracy. 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