Presidential Election
Between Hopes and Doubts
Tuesday, July 13, 2004
The initial results of the first round of the presidential election have been greeted by a rise in the share index as well as a strengthening of the Rupiah. But we have already learned not to hope for too much.
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YOU would actually be wrong to think that the presidential election is only attracting the attention of politicians. In fact, many people, including stockbrokers, bankers and businesspeople are apparently also keeping a close eye on what's been happening and keenly awaiting the final result. Thankfully, so far market players have received the ongoing democratic process warmly enough.
This is proved by the performance of the Rupiah. At the clo
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