Disputed vote brings uncertainty to Indonesia


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Dahana Kencana/EPA

Indonesia faces a long period of uncertainty after last week’s disputed presidential election until results are announced on July 22. Southeast Asia’s top economy growth sits at four-year lows, foreign investment has slowed down and corruption remains rife. After a bitterly-fought campaign, Jakarta governor Joko Widodo and his rival, ex-general Prabowo Subianto, both used unofficial tallies to claim they had won. Most credible counts showed Jokowi in the lead, sparking a rally in stocks and the rupiah, but the initial euphoria quickly wore off. The Jakarta stock market slumped as much as 2% the following day, and was 1.3% down at the close as investors dreaded a prolonged deadlock. Investors favor Jokowi, seen as a potential reformer and a clean leader, while Prabowo struck a fiercely nationalistic attitude towards foreign investments.

Read the full story on Rappler.

Read more on Jokowi from the Rappler team that covered the Indonesian elections.

Read more on Probowo from the Rappler team.

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