Inaugurating of Jakarta Investment Center by Governor of Jakarta, Anies Baswedan (31/07) - Photo by Jakarta's Government Office

JAKARTA (TheInsiderStories) – Good Morning. Anies Baswedan celebrated his one-year in charge as Jakarta’s governor with strong public supports, a marked difference from the controversies that arose during his early time and the divisive gubernatorial campaigning.

Twitter poll showed that 63 percent out of 7,833 respondents are satisfied with Baswedan’s performance as Jakarta governor. While  is far from ideal to gauge public opinion on certain issues, the result gives a clear indication that he posses strong potential to move up the political ladder.

For his critics, Baswedan is seen as an opportunist. His major entrance to the political scene was in 2014, when he was one of the key figure in President Joko Widodo’s campaign team. He then served briefly as Education Minister then soon after entering the gubernatorial race with supports from mostly opposition parties.

He tried to portray himself as a moderate and unifying figure but he enjoys strong support from the political Islam element, which was really active during the gubernatorial election against the incumbent who carries double minorities identity.

Even as campaigns for the 2019 election heats up, Baswedan managed to steer away from politics. Though he had officially declared supports the opposition’s candidate Prabowo Subianto and Sandiaga Uno, Baswedan still has no official party affiliation, which is his biggest liability if he seeks for higher political seat.

The governor was initially considered as one of the key figure that might challenge Widodo in the election but he resisted the temptation and stayed as a governor. Seemingly on cues, the president challenger Subianto made an appearance and accused the government is being ugal-ugallan, which the closest English translation is screwball, in running the country.

Subianto faced critics from his own camp, the Democratic Party which is a reluctant ally. Andi Arief, the party’s deputy general secretary, said Subianto seemed to be reluctant as a candidate due to his irregular public appearances, while highlighting that his running mate Uno appeared to be more active in the campaign trail.

Go to the domestic financial market, the index ended positive as there is no additional concerns from the external environment. The Rupiah rose to 15,206 per US$1 from 15,246 per US$1, according to Bank Indonesia’s reference rate. While, the Jakarta Composite Index rose 1.3 percent to 5,801 as foreign investors net bought stocks worth Rp605 billion ($41.72 million).

After revising the Rupiah assumption, the government also lowered the economic growth target in the 2019 state budget, to 5.12 per cent from previously 5.30 per cent. Finance Minister Sri Mulyani attributed the lower projection of economic growth to the expected slower investment growth in 2019.

Furthermore, Indonesia’s largest bank by assets, state controlled PT Bank Mandiri Tbk (BMRI), will announced its nine-months financial results today, the first out of major banks to do so. Banks’ financial performance serves as a gauge on the health of the economy and so far the result has been quite positive even as interest rates continue to rise.

Sentiments on corporate earnings would have a significant influence on the stock market in the coming weeks.

May you have a profitable day.

US$1: Rp14,500

Written by TIS Intelligence Team