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            [post_content] => Jakarta. Rating agency Fitch Ratings said on Thursday (20/04) tensions witnessed during the Jakarta governor poll could resurface in the run-up to Indonesia's next presidential election in 2019 and potentially affect support for the government's policy agenda negatively.

Former education minister Anies Baswedan beat incumbent Jakarta governor Basuki "Ahok" Tjahaja Purnama by a big margin on Wednesday, after a polarizing campaign that cast a shadow over Indonesia's reputation for practicing a tolerant form of Islam.

"The early results of the tense Jakarta elections seem to suggest that religious factors could play an increasingly significant role in future Indonesian elections," Fitch said in an emailed statement.

However, the rating agency said Indonesia has made a "substantial" progress in improving governance over the past two decades and the country's democratic electoral process has remained intact.

Reuters 
            [post_title] => Fitch Says Religious Tensions Could Affect Future Indonesia Elections
            [post_excerpt] => Rating agency Fitch Ratings said on Thursday (20/04) tensions witnessed during the Jakarta governor poll could resurface in the run-up to Indonesia's next presidential election in 2019 and potentially affect support for the government's policy agenda negatively.
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                            [caption] => An aerial view shows members of hardline Muslim groups attending a protest against Jakarta's incumbent governor Basuki Tjahaja Purnama, an ethnic Chinese Christian running in the upcoming election, in Jakarta, Indonesia, on Nov. 4. (Reuters Photo/Beawiharta)
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            [post_content] => Indonesian rupiah, the biggest loser among Asian currencies, fell 0.26 percent to trade at 13,330 on Thursday (20/04) when polls showed that Basuki "Ahok" Tjahaja Purnama lost his bid for re-election as governor of Jakarta to Anies Baswedan — a former education minister.

Ahok, who was seen as a foreign-friendly candidate, lost Wednesday's election by a huge margin, a surprise as most opinion polls had pointed to a neck and neck race between the two candidates.

The rupiah opened 0.19 percent lower versus the dollar on Thursday, following a market holiday on Wednesday, and fell further during the morning session in reaction to the election results.

But while most analysts do not expect the election results to have a sustained impact on the rupiah market, Nomura said ahok's defeat was slightly negative for the rupiah in the near term.

"Foreign investors and media were very impressed by Jakarta's acceptance, as reflected in Purnama's high approval ratings, of a non-Muslim, ethnic-Chinese Governor, and his loss will likely cause them to question Indonesia's level of religious tolerance," Nomura said in a note.

The precursor to this key election was a campaign that incited political and religious tensions in the world's most populous Muslim country.

Investors also eased their positions in the Indonesian stock market, which fell marginally, following the election results, and parked their money in the three year Indonesian benchmark bond instead, the yields on which fell to 6.613 percent, the lowest level in around five months.

More than a third of outstanding Indonesian government bonds are held by foreigners.

Other factor that kept the currency subdued was a key economic policy meeting later in the day, where the central bank is widely expected to keep interest rate steady, according to a Reuters poll.

Othe Asian Currencies 

Most other Asian currencies also fell on Thursday, as traders pared back bets ahead of the French presidential election, while weak US data, and tensions around North Korea conflict added to uncertainty.

France's presidential election is being closely watched as the stakes for investors are high, with two anti-EU, anti-euro candidates among the four seen still in contention to make it to a second round two weeks after Sunday's ballot.

The dollar index further weighed on EM currencies, creeping up 0.06 percent in Asian trading on Thursday, against a basket of six major rivals.

The Malaysian ringgit fell 0.02 percent versus the US dollar, while the Taiwan dollar dropped to 30.423 ahead of export orders data which is expected to show an expansion in March, a Reuters poll showed. The pace of growth, however, is seen halving from February.

The Thai baht rose marginally after the central bank said Wednesday it is ready to act on any excessive volatility in the currency.

Chinese Yuan

China's central bank has relaxed some of the curbs on cross-border capital outflows it put in place just months ago to shore up the yuan currency, banking sources told Reuters on Wednesday.

As of last week, the People's Bank of China (PBOC) is no longer demanding that banks match outflows with equal inflows, the sources said. This relaxation suggests China has more confidence in the yuan, and concerns about disorderly outflows have subsided, OCBC said in a note.

The yuan was unaffected by the news and traded flat on Thursday. The currency slumped around 6.5 percent against the dollar last year, but has firmed nearly 1 percent in 2017, defying, for now, many analysts' expectations of further depreciation.

A Reuters poll earlier this month indicated investors likely increased their bullish bets on the yuan to the most since July 2015.

Reuters
            [post_title] => Rupiah Slips on Jakarta Election Result, Other Asian Currencies Lower
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            [post_content] => Jakarta. Polls closed after a mostly smooth vote on Wednesday (19/04) in Jakarta's divisive election between a Muslim and a Christian candidate that stoked religious tensions in the capital of the world's third-largest democracy.

Police said 15 people were detained following reports of disturbances at several polling stations in the city of 10 million people, after what the Jakarta Post this week dubbed "the dirtiest, most polarising and most divisive" election campaign the nation had ever seen.

"Political differences should not break our unity," President Joko "Jokowi" Widodo said in a statement after casting his ballot at a central Jakarta polling station. "We are all brothers and sisters. Whoever is elected, we must accept."

Opinion polls in the run-up to the election pointed to a dead-heat between the incumbent governor, Basuki "Ahok" Tjahaja Purnama – the city's first Christian and ethnic-Chinese leader – and a former education minister, Anies Baswedan, who like 85 percent of Jakarta's residents, is Muslim.

Given Jakarta's outsized importance as both the nation's capital and commercial center, the election could be a barometer for the 2019 presidential election.

Ahok is backed by President Joko Widodo's ruling party. Anies, is backed by a conservative retired general, Prabowo Subianto, who lost to Jokowi in a 2014 presidential vote and may challenge him again.

But the election is also viewed as a test for Indonesia's young democracy and record of religious tolerance, with both sides raising concerns about intimidation and voter fraud.

The campaign featured mass rallies led by a hardline Islamist movement, which has strengthened in recent years in a country long dominated by a moderate form of Islam.

Light Security

"Don't let any cheating happen, because the future of Jakarta is determined by the election today," Ahok, 50, told reporters after voting with his family in North Jakarta.

His rival, Anies, 47, said as he voted in the south of the city that the election was being closely watched at home and abroad, so it was important to avoid an atmosphere of tension.

Polls closed at 1 p.m. (06:00 GMT) with 7 million people eligible to vote. Security appeared light at several polling stations, though police said 66,000 personnel were deployed across the city.

Police in neighboring provinces on Java island searched private cars and public buses heading for Jakarta on Tuesday to look for sharp objects and explosives.

Jakarta police spokesman Argo Yuwono said police had stopped and searched vehicle heading for Jakarta on Tuesday to ensure "no movement of masses toward the capital".

Religious tensions have been an undercurrent in the campaign, with Purnama on trial for blasphemy over comments he made last year that many took to be insulting to Islam.

Hundreds of thousands of Muslims took to the streets late last year to call for his sacking and to urge voters not to elect a non-Muslim leader. One person died and more than 100 were injured after one protest turned violent.

Police fear Islamic leaders could incite a fresh bout of unrest if Ahok wins the election.

Contesting the Results 

Ahok faces up to five years in jail if convicted of blasphemy. His trial will resume on Thursday, when prosecutors will submit a sentence request.

"We are worried things could be hotter if the results are quite close," said Isabella Hariyono, a 30-year-old voter in North Jakarta. "We hope things don't heat up. The police and military are ready but we never know."

Private pollsters, approved by the national elections commission, are expected to announce an unofficial tabulation of a sample of votes, known as "quick counts", within a few hours of polls closing. The elections commission is expected to announce official results by the first week of May.

The loser can contest the results in the Constitutional Court, which could prolong political uncertainty for weeks.

Citigroup said in an investor note that, despite the potential for renewed protests if Ahok won, it was maintaining a Jakarta stock index target of 6,150 by the end of 2017, representing an 8 percent upside.

"As long as there are no security issues, the election outcome should not significantly stall the reform program of the national government, in our view," it said.

Reuters
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The result shows Basuki "Ahok" Tjahaja Purnama and Djarot Saiful Hidayat have secured majority of votes. Jakarta KPU says once the result is announced, candidate pairs or their representatives will have the chance to file lawsuits to the Constitutional Court, if they do not agree with the result.

[post_title] => Jakarta KPU Releases Vote Recapitulation [post_excerpt] => The result shows Basuki "Ahok" Tjahaja Purnama and Djarot Saiful Hidayat have secured majority of votes. Jakarta KPU says once the result is announced, candidate pairs or their representatives will have the chance to file lawsuits to the Constitutional Court, if they do not agree with the result. 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Jakarta KPU says once the result is announced, candidate pairs or their representatives will have the chance to file lawsuits to the Constitutional Court, if they do not agree with the result. [jglobeShrinker] => http://jglo.be/jJ5e [_yoast_wpseo_linkdex] => 26 [video_duration] => 00:00 ) [user_author] => Margarita Putri [author_by_line] => Jakarta Globe News Channel [attachment] => stdClass Object ( [hqdefault] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg [mqdefault] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg [file] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg [sizes] => stdClass Object ( [thumbnail] => stdClass Object ( [file] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg ) [medium] => stdClass Object ( [file] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg ) [large] => stdClass Object ( [file] => http://i1.ytimg.com/vi/RaA1Q-R_JUk/mqdefault.jpg ) ) [image_meta] => stdClass Object ( [caption] => ) ) ) [4] => stdClass Object ( [ID] => 522484 [post_author] => 272 [post_content] => Jakarta. With less than a year to go before the 2017 Jakarta governor election, incumbent Basuki Tjahaja Purnama, also known as Ahok, is topping the latest electability survey run by Charta Politika, leaving his closest contender Yusril Ihza Mahendra far behind. The survey – conducted from March 15 to March 20 and involving 400 Jakartans living across the city and the Thousand Islands – placed Basuki at the top of a list of 14 governor candidates, with 51.8 percent of the respondents saying they would vote for him, leaving Yusril at second place with only 11 percent saying they would support the former state secretary and justice minister. Surabaya Mayor Tri Rismaharini took third place with 7.3 percent, followed by Prosperous Justice Party (PKS) politician Hidayat Nur Wahid with 3.3 percent and former minister Adhyaksa Dault with 3 percent. Businessman Sandiaga Uno was in sixth place with just 1.5 percent, just behind controversial Jakarta City Council deputy speaker Abraham Lunggana, or Lulung, at 1.8 percent. “Yusril is the closest contender to Basuki, but the gap is still pretty wide,” Yunarto Wijaya, executive director of Charta Politika, during a press conference in Jakarta on Wednesday. In a head-to-head simulated contest between Basuki and Yusril, the incumbent still came out on top with 59.5 percent of support, while the chairman of the Crescent Star Party (PKB) only gathered 20 percent. “But this head-to-head battle is unlikely to happen as Yusril will likely struggle to get all the political parties to support him, while Basuki is well on his way to nab the support of a million Jakarta citizens to allow him to run as an independent,” Yunarto said. The main reason behind Basuki’s high electability appeared to be the public's high satisfaction level for his administration, which reached 82.8 percent in the survey. The survey — independently funded by the think tank — employed multistage random sampling with a 4.9 percent margin of error. [post_title] => Ahok Leads in Jakarta Gubernatorial Election Poll, Big Time [post_excerpt] => With less than a year to go before the 2017 Jakarta governor election, incumbent Basuki Tjahaja Purnama, also known as Ahok, is topping the latest electability survey run by Charta Politika, leaving his closest contender Yusril Ihza Mahendra far behind. 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(Antara Photo/Brenda) [created_timestamp] => 1425390031 [copyright] => ANTARA FOTO [focal_length] => 26 [iso] => 160 [shutter_speed] => 0.00125 [title] => Gubernur DKI Basuki T. Purnama (kedua kiri) menemui warga yang tergabung dalam Pijar Indonesia ketika aksi save Ahok di teras Balai Kota Jakarta, Selasa (3/3) ) [post_id] => 382853 ) ) )