The Incumbent Joko Widodo and His Contender Prabowo Subianto will Race in 2019 Presidential Election - Photo Privacy

JAKARTA (TheInsiderStories) – The opposition coalition has finally decided to endorse Jakarta Deputy Governor Sandiaga Uno as the vice presidential candidate to Prabowo Subiant. A decision that was eventually taken to ensure the coalition stick together.

Subianto announced his decision to run with Uno at the eleventh hour on Thursday, leaving the Demokrat Party that was still undecided about whether to go on with its support for Gerindra’s coalition or change the course to support President Joko Widodo’ second term ticket.

According to Subianto, its an easy process to create a big coalition. Uno, his said, is the best option available.

He explained that he had reached out to ruling Demokrasi Perjuangan Indonesia Party executive member and Coordinating Human Development and Culture Minister Puan Maharani as well as Demokrat Party chief patron Susilo Bambang Yudhoyono during the process to set up his coalition.

While Demokrasi Perjuangan Indonesia Party led the ruling coalition and endorsed Joko Widodo and Indonesian Ulema Council-chairman Ma’ruf Amin as the vice presidential candidate, the Demokrat was still indecisive this morning.

Demokrat, which has been insisting to nominate Yudhoyono’s eldest son Agus Harimurti Yudhoyono, as a vice presidential candidate, is still discussing the fate of the party’s course in next year’s election. The party is expected to make a decision later today before the end of the deadline for Widodo’s and Subianto’s coalition of parties register their respective presidential tickets to the General Elections Commission.

Leaving the Demokrat jostling with the dilemma, Subianto’s Gerindra Party has secured the support to run with Sandiaga from the Keadilan Sejahtera Party and the Amanat Nasional Party. Keadilan Sejahtera has been Gerindra’s longtime partner in the opposition camp while Amanat Nasional was previously part of Widodo’s coalition.

Gerindra had looked to Uno’s nomination only recently amid deadlocked negotiations with the Demokrat, which eventually led to battle of words among executive members who accused each other fake.

Indonesia now requires improvements in all areas such as the economy. As businessman, Uno has an experienced to understand the economic problems in the country.

In the second quarter of 2018, the country’s real gross domestic product (GDP) growth reached 5.2 percent and is predicted ended 5.3 percent by the end of this year. Private consumption is a driver on the increasing.

During his terms, Widodo has a difficulty to lift Indonesian economy and far away from his target in “Nawa Cita” grow 7 percent by 2019. Lack of infrastructure, weak of domestic consumption, lower investment and export  is a barrier to the achievement of these targets.

Bambang Brodjonegoro, minister of national development planning said to keep Indonesia economy in good condition the country need to keep maintaining macroeconomic stability, monetary policy, fiscal policy as well as the policy to attract foreign investment.

According to him, many predictions, Indonesia will be in the top five economies by 2050. That means the country only behind China, United States and India.

However, prospects of a global trade war, a modest price outlook for Indonesian commodities, persistent turbulence in financial markets and higher crude oil prices could weigh on growth.
While, monetary policy normalization in developed economies and prospects of a global trade war have shaken investors’ confidence and caused the currency to depreciate 4.1 percent in the second quarter.
While the Central Bank intervened forcefully to stem the rupiah’s depreciation, the currency remains under pressure due to high ownership of government bonds by foreign investors, elevated prices for fuel products and a persistent current account deficit.
These economic challenges will face by the next president and vice president. Whoever later a panacea to make Indonesia’s economy continue to grow well is needed.

TIS Intelligence Team Contributed to this Analysis, Email: linda.silaen@theinsiderstories.com

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The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.

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