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The Indonesian Government budgeted Rp 25 trillion (~USD 1.7 billion) for the election preparations in 2022–2023, over half of which was used by the General Elections Commission (KPU) and most of the remaining funds used by the General Election Supervisory Agency. [111]
The long bear market of the 1970s which began with the 1973–74 stock market crash and lasted until 1982 caused valuations of the nifty fifty to fall to low levels along with the rest of the market, with most of these stocks under-performing the broader market averages.
The general election period is regulated in Article 6A and Article 22E of the Constitution of the Republic of Indonesia and by the Law on General Elections.The presidential and vice-presidential candidate pairs are proposed by political parties or coalitions of political parties that have at least 20% of the seats in the House of Representatives (DPR) or at least 25% of the national vote from ...
Legislative elections were held across Indonesia's 38 provinces on 14 February 2024 to elect 2,372 members of the Provincial Regional House of Representatives (DPRD I) and 17,510 members of municipal legislatures (DPRD II). Eighteen political parties contested the election nationally, in addition to six regional parties contesting elections in ...
The NIFTY 50 index is a free float market capitalisation-weighted index. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million. The company should have a listing history of 6 months.
Indonesia's first general election elected members of the DPR and the Constitutional Assembly of Indonesia (Konstituante). The election was organised by the government of Prime Minister Ali Sastroamidjojo. Sastroamidjojo himself declined to stand for election, and Burhanuddin Harahap became prime minister. The election occurred in two stages:
2024 Indonesian local election logo. All local elections in 2024 except for the Jakarta gubernatorial election follow the first-past-the-post system where the candidate with the most votes wins the election, even if they do not win a majority. The gubernatorial election for Jakarta requires a runoff should no candidates achieve a simple majority.
The election was described as "one of the most complicated single-day ballots in global history." [3] Jokowi's 85.6 million votes were the most votes cast for a single candidate in any democratic election in Indonesia's history, exceeding the record of his predecessor Susilo Bambang Yudhoyono, who won 73.8 million votes in 2009. [4]