President Joko Widodo and Working Cabinet members give a statemen on Surabaya Bombing - Photo by President Office

JAKARTA (TheInsiderStories) – Chief of National Police Tito Karnavian urged Indonesian parliament to approve the Terrorism Law, following a series of terror attacks  in Indonesia. The Government has proposed the revision of the law no.15/2003 on combating terrorism since 2016,  but so far the parliament has not yet passed it into law.

“Revision of Law No. 15/2003 is required. Therefore we ask our friends in the House to immediately pass the bill into law because the State needs more power to deal with terrorists,” he told reporters at the press conference in Surabaya on Sunday (13/05).
He added: “If it’s too long, then we’ll ask President to issue a Government Regulation in Lieu of Law.”
With the current law, Karnavian explained, the legal officer has a restriction to take action against the terrorists.
This morning around 07.30 am, three suicide bombers had committed bomb attacks in  three churches in Surabaya, East Java. The perpetrator of the bombing allegedly a family from Jamaah Ansharut Daulah (JAD), an affiliation of ISIS.
President Joko Widodo condemned the act of terror and ordered the National Police, Indonesian National Army and Indonesian Intelligence Agency to fully investigate the perpetrators’ network and dismantle the network to its roots.
“Terrorism is a crime against humanity and has nothing to do with any religion. All religions reject terrorism under any circumstances. No words can describe how deep is our grief over the loss of lives and those injured  in the bomb attacks ,” president stated.
He also urged the Indonesian people to remain calm, maintain unity and vigilant against terrorism. He prayed the victims who died and promised to guarantee all medical expenses of the injured.
Karnavian described, the perpetrators are family members led by the one of JAD leader in Surabaya Dita Putrianto, together with his wife and his four children.
The suicide bombers had attacked three churches in Surabaya areas.
Furthermore, he said, the motives of JAD and Jamaah Ansharut Tauhid (JAT) caused the ISIS leader in Syria suppressed by the international community lead by United State. They ordered all networks outside Syria including who had returned to Indonesia to carry out attacks around the world including London and Paris attacks. Currently about 500 ISIS member has deported to Indonesia.
In the same time, their leaders Aman Abdurrahman–related Thamrin cases–and Zainal Anshori–related to the smuggling of weapons from the Philippines by a suspect named Suryadi–was arrested.
“Because their leader Abdurahman and Zainal was arrested then the group started to react salts retaliation. One of their action in Mako Brimob jail. So it’s not just a matter of food but there had been anger,” said Karnavian.
“With the unrest that make other cells they picked up momentum by taking revenge action.”
Furthermore he had asked the military commander Hadi Tjahjanto to conduct joint operations to arrests the groups or cells of JAD or JAT and those who are expected to take action.

Meanwhile, President Director of Indonesia Stock Exchange (IDX) Tito Sulistio appealed to all market players to remain calm and trading normally. The experience of the terrorist bombing of Thamrin Street on Jan. 14, 2016, he said, indicates that the terror has no major effect on capital market activity.

At the time of the terror, the Jakarta Composite Index (JCI) had corrected as much as 1.72 percent to 4,459.32 points. But the correction is temporary reaction and on the same day, JCI closed only 0.53 percent thin and the next day rose 0.24 percent. Investors in the capital market are not affected by the terror movement that occurs.

Sulistio is convinced that the Surabaya bombing terror will also have no significant effect on capital market activity. Fundamentally the listed company incorporated showed solid performance with average revenue increased by 15.96 percent and net income increased 11.68 percent in the first quarter (Q1) of 2018 compared to Q1 of 2017.

While the market condition is also quite stable as indicated by high transaction liquidity with average daily transactions reached Rp8.87 trillion (US$633.57 million)– an increase of 16.7 percent compared to 2017–and daily frequency of 387,000 (an increase of 23.7 percent compared to 2017).

He expect to investors and all capital market participants not to overreact and remain optimistic about the stability of national security.

Email: linda.silaen@theinsiderstories.com

SHARE
Previous articleIndonesia Offers Saving Bonds to Attract Retail Investors
Next articleSurabaya Bombing Won’t Affect Indonesia’s Economy
The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.

LEAVE A REPLY

Please enter your comment!
Please enter your name here