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Indonesia's presidential front-runner Jokowi said to plan market-friendly policies

Published on May 14, 2014 8:25 PM
 
PDIP Presidential candidate Joko Widodo smiles during a coalition announcement in Jakarta on May 14, 2014 ahead of the July 2014 Presidential elections. Indonesian presidential front-runner Joko "Jokowi" Widodo has assured top fund managers that he would cut fuel subsidies, improve infrastructure and enact major bureaucratic reforms to attract investment if elected in July. -- PHOTO AFP

JAKARTA (REUTERS) - Indonesian presidential front-runner Joko "Jokowi" Widodo has assured top fund managers that he would cut fuel subsidies, improve infrastructure and enact major bureaucratic reforms to attract investment if elected in July.

In a private event on Tuesday attended by representatives of the top 10 asset management funds in Indonesia, Mr Jokowi offered a rare glimpse of policies that he has yet to make public ahead of a July 9 presidential election.

"His key election platform is market-friendly with a focus on lifting workforce capability through education, bureaucratic reform, infrastructure construction and encouraging energy investment," investment firm CLSA, the organisers of the Jakarta event, said in a research note.

CLSA officials declined to identify the other fund management companies at the event.

 
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