Jakarta: Bank Indonesia (BI) deputy governor Dody Budi Waluyo is optimistic that last night's announcement of presidential election dispute ruling can help improve the country's investment and business climate.
"The ruling can give a positive sentiment to the economy," the BI official said here on Friday.
"Previously, most investors took a wait-and-see approach," he noted.
Indonesia held its first ever simultaneous general and presidential elections on April 17. Voters elected the president, vice president as well as members of national and local legislative bodies on the same day.
The General Elections Commission (KPU) concluded the vote recapitulation process at the national level on May 21. The agency named incumbent President Joko 'Jokowi' Widodo and his running mate Ma'ruf Amin as the winners of this year's presidential race.
The Contistutional Court (MK) announced its ruling on presidential election dispute last night. MK judges rejected Prabowo Subianto-Sandiaga Uno presidential pair's legal challenge in its entirety.
According to KPU, Jokowi and Ma'ruf gathered 85,607,362 votes or 55.5 percent of the votes. On the other hand, Prabowo and Sandiaga collected 68,650,239 votes or 45.5 percent of the votes.
Investment realization reached Rp195.1 trillion in the first quarter of 2019. It grew by 5.3 percent compared to the same period in 2018.
Based on a report from the Investment Coordinating Board (BKPM), Domestic Direct Investment (DDI) reached Rp 87.2 Trillion. Compared to 2018, DDI increased by 14.1 percent last quarter.
In the meantime, Foreign Direct Investment (FDI) reached Rp 107.9 Trillion. Compared to last year, FDI decreased by 0.9 percent last quarter.