TEHRAN, April 12 -A string of Indonesian regional elections this year followed by a presidential and parliamentary vote in 2019 should not deter foreign investment in Southeast Asia’s biggest economy, President Joko Widodo’s chief of staff told Reuters.
TEHRAN, Young Journalists Club (YJC) -A string of Indonesian regional elections this year followed by a presidential and parliamentary vote in 2019 should not deter foreign investment in Southeast Asia’s biggest economy, President Joko Widodo’s chief of staff told Reuters.
A bruising campaign to lead Jakarta last year exposed religious and ethnic rifts in the world’s largest Muslim-majority country, as Islamist-led rallies targeted the then governor - an ethnic Chinese Christian accused of blasphemy.
Indonesian police cracked down on some Islamist groups and arrested several people for alleged treason, but the tension has raised concern among some investors.
“Indonesia as a maturing democracy will not be influenced overall by developments in regional elections or 2019 elections. Investors need not be doubtful about coming here,” Presidential Chief of Staff Moeldoko, a retired armed forces chief, said in an interview.
Moody’s Investors Service said in a note this year that regional elections in Indonesia were “likely to slow down any reform momentum”.
Foreign investors have applauded some government efforts to streamline regulations, but say there are still too many restrictive rules and a stifling bureaucracy.
Source:Reuters
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