Prabowo Subianto Sworn in as Indonesia’s Eighth President
On Oct 20, Prabowo Subianto was sworn in as Indonesia’s eighth President in a ceremony attended by foreign dignitaries and watched by millions of Indonesians online and on TV. The inauguration of the former defense minister went smoothly, raising hopes for political stability and the country’s global standing.
Support for Prabowo and Jokowi
- Posters and banners across Jakarta featured messages supporting Prabowo and former President Joko Widodo, known as Jokowi.
- The messages read: “Thank you, Jokowi. All the best, Prabowo Gibran.”
- Gibran refers to Jokowi’s son, Gibran Rakabuming Raka, who was sworn in as Vice-President at the same ceremony.
Oath of Office
Clad in a traditional Javanese outfit, 73-year-old Prabowo recited his oath of office at the People’s Consultative Assembly (MPR) with a copy of the Quran held over his head.
He vowed to carry out his duties as President justly, upholding the Constitution, laws, and regulations of the republic.
After the oath, Prabowo embraced Jokowi, and both men exchanged seats to applause.
Analysis
The inauguration of Prabowo Subianto as Indonesia’s President marks a significant moment for the country’s political landscape and economy. As the largest economy in Southeast Asia, Indonesia plays a crucial role in the region and on the global stage. Here are some key points to consider:
Political Stability
Prabowo’s inauguration raises hopes for political stability in Indonesia. A smooth transition of power is essential for maintaining investor confidence and economic growth. Political stability can attract foreign investments and support domestic businesses, leading to job creation and overall prosperity.
Economic Impact
The new administration’s policies and initiatives will have a direct impact on Indonesia’s economy. Investors will closely monitor Prabowo’s economic agenda, including plans for infrastructure development, trade relations, and fiscal policies. Any changes in economic direction could affect markets, industries, and individual financial portfolios.
Global Standing
Prabowo’s presidency will also shape Indonesia’s position on the world stage. International relations, trade agreements, and diplomatic efforts will play a crucial role in determining Indonesia’s influence and reputation globally. A strong presence in international affairs can open up new opportunities for Indonesia and strengthen its partnerships with other countries.
Overall, Prabowo Subianto’s inauguration as Indonesia’s President has far-reaching implications for the country’s future. It is essential for all stakeholders, including investors, businesses, and citizens, to stay informed and engaged with the political and economic developments to navigate potential opportunities and risks effectively.