Market Pulse: Easier Managing Economics Than Politics
Rising political tensions, preceeding the 2019 presidential elections, is one dark worrying cloud, which could hamper the budding signs of this year's economic recovery.
Last week, after the defeat of former Jakarta governor, Basuki Tjahaja Purnama (Ahok), in last months municipal elections, he faced a 2- year court sentence on blasphemy charges. This flared simmering tension between Ahok supporters and opposing groups leading up to and after the…
Things happened quickly, beyond the expectations of Basuki Tjahaja Purnama (Ahok) and his legal team. Right after the panel of judges at the North Jakarta Administrative Court found Basuki guilty, on Tuesday last week, the prosecutor asked to meet with Basuki outside the courtroom. 'Come one, let's chat out back," said one prosecutor.