Word: jakarta
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...Early tallies show the Democratic Party taking 20.4% of the vote - nearly three times more than when the party made its parliamentary debut in 2004, making the president the candidate to beat in the upcoming elections. "This shows how strong Yudhoyono is," says Bara Hasibuan, a political columnist in Jakarta. "He is definitely in the commanding position...
...Indonesia's political history and founder of the pemilu.asia website. The presidential vote is scheduled to take place in July and, if no candidate takes a majority, a run-off of the top two candidates will take place in September. (See pictures of a deadly dam burst near Jakarta...
...that have heightened suspicions between former separatist rebels from the Free Aceh Movement (GAM) and the military. "The authorities need to ensure security and make sure the elections will be held in an atmosphere that is conducive," says Usman Hamid, head of the human rights watchdog Kontras, based in Jakarta. "If not spoilers could undermine the process...
...government announced it would spend some $7 billion on various projects as part of an overall stimulus package. Since taking office in 2004, Yudhoyono has held two major "infrastructure summits" offering close to $38 billion dollars' worth of projects to private investors, though few have had any takers. Jakarta's business community cites a range of problems and obstacles that are keeping investors on the sidelines while funding remains sorely needed for the building of new ports, power plants and roads across this huge nation. "Lots of projects were showcased but very few have been realized because of classic issues...
...given that it takes years for companies to see a return on their investments in major infrastructure projects, Jakarta will have to act quickly and create an investment climate that makes the country more attractive than others in the region, particularly during these times of crisis. "Select projects will get interest from investors in Japan and Taiwan but it won't be as easy as when liquidity was more available so incentives are needed," adds Uno, one of the country's most successful young businessmen. "It is high time for the government to take the lead...