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Indonesian stocks heading for best winning streak in quarter century

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Nation’s currency and bond also set to climb as President Jokowi looks to tougher economic reforms. FMTNews Indonesia

JAKARTA: With a 10th day of gains, Indonesian stocks are heading for their longest run of advances since 1995 as the nation’s currency and bonds also climbed on bets President Joko Widodo will pursue tougher economic reforms in his second term.

Jokowi, as Widodo is known, has pledged to boost investment and make it easier to do business after being sworn in for a second five-year term on Sunday. The president has reappointed veteran Finance Minister Sri Mulyani Indrawati to the post and brought in business tycoons and technocrats to handle key economic ministries.“We believe the new cabinet is decent and could further support reforms going forward,” said Ferry Wong, an analyst at the US bank.

 

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Breaking News: Meantime in Malaysia the PH government is still battling and grappling with deteriorating race and religion rhetoric; including having to deal with a young upstart minister displaying his gumption domestically but does not have the balls to offend China.

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