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Policy & Regulation

Resource nationalism thrives as Indonesia votes

President Joko Widodo looks likely to win next month's election, but resource nationalism will remain strong in Indonesia whoever wins the contest, threatening to drive away much-needed investment President Joko Widodo looks likely to win next month's election, but resource nationalism will remain strong in Indonesia whoever wins the contest, threatening to drive away much-needed investment.
By Damon Evans 21 March 2019 Asia Pacific / Policy & Regulation 0 34051
Indonesian presidential candidate Prabowo Subianto. (PA)

The key issue: Indonesia goes to the polls on 17 April, with the odds putting President Joko Widodo ahead of his main rival, former general Prabowo Subianto.

Interfax analysis: Investors in Indonesia will have to endure resource nationalism regardless of who wins the presidential race next month, but a victory for the incumbent appears better for the oil and gas sector. 

However, with economic growth slowing, the currency vulnerable and the gap narrowing between President Joko Widodo and challenger Prabowo Subianto, it is far from certain...