REPUBLIKA.CO.ID, KUPANG -- An economist from Widya Mandira University, Thomas Ola Langoday, believes the market will remain stagnant before the announcement of the new president's cabinet, which is scheduled for Sunday.

Unlike before, when political wrangling occurred prior to the announcement of a new cabinet, which causes uncertainty due to the absence of ministers, markets are often nervous and marked by fluctuations in the exchange rate, he said here on Saturday (25/10).

Thomas added that according to a law of economics, if a tug-of-war continued without certainty, market players usually would display nervousness and stability would sway, causing upheavals that would make investors hesitate to invest in the country.

However, the market has remained normal and secure without significant upheavals, despite several reports of delays in the announcement of the members of the new cabinet, he said.

He noted that investors are taking a wait-and-see stance until the cabinet lineup is known to the public.

Thomas admitted, though, that delays could cause uncertainty and raise questions in the market.

An economist and analyst from Bank Negara Indonesia, Ryan Kiryanto, has predicted that the selection of a competent cabinet could boost the country's economy to grow at a rate of 5.8 percent annually.

"The target set for the 2015 national budget at 5.8 percent could be achieved. Growth may even reach above that," he said.

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