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Jokowi Wins Indonesian Presidential Elections

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Posted: 23 Jul 2014 | 12:39 pm

Foreign businesses in Indonesia have sighed collectively over news that Joko Widodo has been declared a winner in the hotly contested Presidential elections.

Nationalist Prabowo Subianto has bowed in defeat despite a ramped up effort in closing moments of the recently concluded campaign.

Jokowi's platform that embraced reforms has also indicated plans to review the possibility of foreign land ownership and he is viewed more favorably by the international investment community versus Prabowo.

One key issue on the table for the country's domestic sector is the highly toxic fuel subsidy that has to be addressed by the incoming administration.

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