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Financial Services Report Indonesia 2nd Quarter 2018

Financial Services Report Indonesia 2nd Quarter 2018

  • June 2018
  • ID: 1697940

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Elections: The president, Joko Widodo (known as Jokowi), won 53% of the vote in the election held in July 2014 and took office in October of that year. He is eligible to run for re-election in 2019. In the April 2014 poll for the House of People's Representatives (DPR, the legislature), the Indonesian Democratic Party-Struggle (PDI-P) emerged as the largest party, with around 19% of the vote. Golkar came second, with 14.8% of the vote, followed by the Great Indonesia Movement Party (Gerindra) with 11.8% and the Democratic Party (PD) with 10.2%. Following these secular parties came those with an Islamic orientation: the National Awakening Party (PKB) won 9% of the vote, followed by the National Mandate Party (PAN) with 7.6%. In 2019 the presidential and parliamentary polls will be held simultaneously for the first time.


Government: The six principal organs of state are the presidency, the DPR, the People's Consultative Assembly (MPR), the Regional Representatives' Council (DPD), the Supreme Court and the State Audit Board (BPK).


Major political parties: There are four nationalist secular parties: the PDI-P, Golkar, Gerindra and the PD. The other main parties-the PKB, the PAN and the Prosperous Justice Party (PKS)-are Islamic-oriented.


Fiscal year: January-December



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