Indonesian parties in pact, clear way for top presidential candidate Jokowi
Published on Apr 13, 2014 2:50 PM
JAKARTA (REUTERS) - A small Indonesian political party has struck a deal with the main opposition party, clearing the way for its popular presidential candidate to run for the top job in July, a senior official of the smaller party said on Sunday.
In a Wednesday parliamentary election, the Indonesian Democratic Party-Struggle (PDI-P), whose presidential candidate is the popular governor of Jakarta, Joko "Jokowi" Widodo, fell short of securing the 25 percent of votes needed to nominate its candidate on its own for a July 9 presidential election.
The main opposition party's failure to secure a decisive victory in the legislative elections led to some concern in financial markets that Southeast Asia's biggest economy was in for a period of political horse-trading.
Both stocks and the rupiah currency lost ground after the vote.
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