IBOV 180,230.99 ▲ 1.59% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL5.14▼ 0.83% USD/MXN16.98▼ 0.09% USD/CLP935.15▲ 0.10% USD/COP3,156▼ 1.41% USD/PEN3.36▼ 0.18% USD/ARS1,512▲ 0.20% USD/UYU40.24▲ 0.68% USD/PYG5,873▲ 0.47% USD/BOB12.08▲ 3.98% USD/DOP58.56▲ 0.38% USD/CRC446.47▲ 1.09% USD/GTQ7.62▲ 1.63% USD/HNL26.84▲ 1.11% USD/NIO36.62▲ 0.14% USD/VES796.33▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69▼ 0.06% EUR/BRL5.95▼ 0.93% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 180,230.99 ▲ 1.59% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,314.78 ▼ 0.18% MERVAL 3,070,880 ▲ 1.22% COLCAP 2,467.03 ▲ 1.73% BVL PERÚ 59,450.29 ▲ 0.04% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Indonesia at the Polls: A General’s Controversial Bid

By · February 12, 2024 · 2 min read

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Around 205 million Indonesians are gearing up to elect their next president, with Defense Minister Prabowo Subianto, a retired general with a controversial past, leading the polls.

This election, set for Wednesday, also includes votes for parliament and local bodies. Should no presidential candidate win a majority, a runoff is slated for June.

Prabowo, defeated in previous elections by Jokowi, now has Jokowi’s son, Gibran Rakabuming Raka, as his vice-presidential candidate, enhancing his lead.

At his final rally, Prabowo vowed to enrich all Indonesians, despite allegations of human rights abuses in the 1990s under Suharto.

Surveys suggest Prabowo could win in the first round with 51.8% of votes, outpacing rivals Anies Baswedan and Ganjar Pranowo.

Indonesia at the Polls: A General's Controversial Bid
Indonesia at the Polls: A General’s Controversial Bid. (Photo Internet reproduction)
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Polling stations across Indonesia will reflect these dynamics from Papua to Sumatra.

Gibran’s support and Jokowi’s economic legacy play into Prabowo’s favor, positioning this election as a decision on continuing Jokowi’s policies.

Prabowo promises to uphold Jokowi’s infrastructure and nationalization initiatives, crucial for Indonesia’s role in the electric vehicle sector as a top nickel producer.

Diplomatically, Prabowo aims to maintain Indonesia’s neutral stance amidst global tensions.

Yet, his potential presidency concerns some about democracy’s future, with fears of rising populism.

However, this election underscores Indonesia’s political crossroads, choosing between progress and past controversies.

Background

Indonesia’s election is pivotal for democracy, and military-civil relations. Prabowo’s military background, and alliance with Jokowi’s legacy via Gibran, are crucial.

Prabowo’s promises to continue Jokowi’s economic policies aim to blend tradition with progress.

The election challenges Indonesia’s diplomatic balance and Prabowo’s leadership could shift its international stance.

In short, the vote shapes Indonesia’s democratic course, economic strategy, and global diplomacy, influencing Southeast Asia’s geopolitical dynamics.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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