INSTANT VIEW-Indonesia's Prabowo on track to win presidency

There is also a risk that Prabowo's nationalism could turn off Chinese investors and undermine attempts to boost investment into Indonesia's metals sector." ALPHONZUS WIDJAJA, CHAIR, INDONESIA SHOPPING CENTER ASSOCIATION "If Prabowo-Gibran are officially elected, we are optimistic that the Indonesian shopping centre industry can grow, because they both have the background of being business people. "The domestic trade sector remains an important pillar for Indonesia's economy as private consumption still dominates economic growth.

Indonesia's Prabowo Subianto, defence minister and former special forces commander, was on track to win the presidential election in a single round, unofficial tallies by independent pollsters showed on Wednesday.

COMMENTARY: BRIAN TAN, ECONOMIST, BARCLAYS

"Prabowo Subianto's apparent one-round victory should remove uncertainty over who will lead the next administration. He, of course, appears to be the outgoing President Joko Widodo's (Jokowi's) choice of successor and has promised policy continuity, which should provide some reassurance to investors. "That said, we sense that investors are also cautiously watching what a President Prabowo would mean for fiscal policy and whether the prudence under Finance Minister Sri Mulyani Indrawati will be maintained into the next term of government."

RADHIKA RAO, ECONOMIST, DBS BANK "Indications put Prabowo-Gibran (Rakabuming Raka) in the lead, which if confirmed would suggest policy continuity over the next few years, especially on infrastructure developments, commodity downstreaming push, new capital city as well as higher welfare spending in the mix.

"The campaign rhetoric had suggested the administration would prefer a wider fiscal room to accommodate developmental spending. We await the official word on the spending commitments to gauge if there will be any deviation from the already-drawn fiscal targets. As a base case we don't expect any material change from the deficit or debt path, boding well for the domestic markets and broader macro stability." FAKHRUL FULVIAN, ANALYST, TRIMEGAH SECURITIES

"Quick count results are indicating that candidate number 2 (Prabowo) won in one round. This reduces uncertainties in financial markets. We expect the stock market to trade 0.5% to 1% higher tomorrow." JAHEN REZKI, ECONOMIST, UNIVERSITY OF INDONESIA

"Looking at the economy going forward, given that the issue is continuity, I think there will not be much change from the current policy. We may see business as usual, so economic growth may stay around 5%. "The hope is that the president and vice president will pick an economic team from technocrats to ensure economic policies are evidence based and using accurate data, not because of economic nationalism or the interest of certain groups."

SHINTA W. KAMDANI, CHAIR, INDONESIAN EMPLOYERS ASSOCIATION "Referring to the programmes presented during the campaign and presidential debate, it is clear that Prabowo will continue the programmes that President Jokowi has implemented.

"It is important to strengthen the natural resources downstreaming programme, to obtain optimal value addition for the economy by combining policies of limiting raw materials to meet domestic production needs and allowing some exports subject to export tax." GARETH LEATHER, SENIOR ASIA ECONOMIST, CAPITAL ECONOMICS

"Prabowo's manifesto was encouragingly moderate, and this has helped reassure international investors. However, other than pledging to continue Jokowi's business-friendly policies, he has had little to say about his plans for the economy." "His decision to appoint Jokowi's 36-year-old son, Gibran Rakabuming Raka, as his running mate is a concern given Gibran's lack of experience and Prabowo's own age (he will be 78 by the time his first term as president ends). There is also a risk that Prabowo's nationalism could turn off Chinese investors and undermine attempts to boost investment into Indonesia's metals sector."

ALPHONZUS WIDJAJA, CHAIR, INDONESIA SHOPPING CENTER ASSOCIATION "If Prabowo-Gibran are officially elected, we are optimistic that the Indonesian shopping centre industry can grow, because they both have the background of being business people.

"The domestic trade sector remains an important pillar for Indonesia's economy as private consumption still dominates economic growth. Therefore, we hope the government does not lay aside the interests of the national retail industry and to always work to create a healthy and conducive business climate." SETH SODERBERG, SNS ANALYTICS

"The trend shows there has been a slight narrowing (in Prabowo's lead) but if that trend holds he will probably end up at 57%, so a huge victory."