Widodo Indonesia Presidency Path Complicated After Vote
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Indonesian presidential frontrunner Joko Widodo may need to form a coalition to get elected, with the country’s main opposition party taking an unexpectedly slim lead in unofficial estimates after a parliamentary vote.
Stocks and the rupiah dropped after Widodo’s Indonesian Democratic Party of Struggle, or PDI-P, took 19.6 percent of the votes in elections yesterday, based on a tally by Lingkaran Survei Indonesia. That is about half the level projected in a March poll. Formal results won’t be declared until May 9.