National Army Chief Hadi Tjahjanto and Head of BASARNAS, Senior Marshal M. Syaugi Inspected the Lion Air Crashed Spot in Karawang Waters on Wednesday (31/10) - Photo: Special

JAKARTA (TheInsiderStories) – The National SAR Agency (BASARNAS) has collected 53 bodies  of Lion Air JT-610 crashed and will be sent to the Police Hospital, based on a a latest report until 18:00 p.m. On Wednesday as many as five bodies have been collected by the agency.

It said, the five bags will be taken and handed over to the National Police Hospital in East Jakarta for the identification process.

Lion Air added, the search for all JT-610 passengers, crew and aircraft that had an accident on (29/10) in Karawang, West Java continued to be carried out.

Meanwhile, after heats up the relationships with United States over Jamal Khashoggi‘s death, the Saudi Arabia’s government executed a migrant maid has sparked diplomatic tension with Indonesia.

Saudi authorities executed Tuti Tursilawati on Monday (29/10) without informing the Indonesian government, Ministry of Foreign Affairs said. It’s the third time in three years that the kingdom has executed an Indonesian citizen without informing their government in advance.

Tursilawati was charged with premeditated murder after she beat her employer’s father to death with a stick in 2010. She was acting in self-defense and that he had been sexually abusing her.

The woman ran away after the killing and was reportedly raped by nine Saudi men before she was taken into custody. She was sentenced to death in 2011 and was one of 18 Indonesians on death row in Saudi Arabia.

The execution comes just a week after Marsudi met with Saudi Arabian Foreign Minister Adel al-Jubeir to discuss migrant workers’ rights.

Meanwhile, yesterday, the House of Representatives legislated Indonesia’s 2019 State Budget. The State Budget was drafted based on the assumption of economic growth at 5.3 percent, inflation 3.5 percent, Rupiah 15,000 against US dollar, and the three-month’s T-bills rate of 5.3 percent.

Furthermore, Finance Ministry offered Sukuk savings ST002 starting today to Nov. 22. The government sharia bond labelled with 8.3 percent return. Specifically released for retail investor, ST002 can be bought from 1 million Rupiah to 3 billion Rupiah each.

Go to the financial market, Rupiah budged flat against the US Dollar. In spot market, US Dollar slightly strengthened amid President Donald Trump’s snarling to impose more tariff—which will complete the tax impose to all Chinese import goods.

In the spot market, the Rupiah strengthened 0.14 percent to 15,203 and based on JISDOR data strengthened 0.07 percent to 15,227 per US dollar. The movement of the rupiah has become the best strengthening compared to other Asian currencies.

But the nightmare hampered the commodity market. Yesterday, the crude oil price with its worst performance in more than two years due to fears that the global economy will slow down. West Texas Intermediate (WTI) crude for December delivery closed down 1.3 percent or 0.87 points to as low as $65.31 per barrel on the New York Mercantile Exchange, the lowest since August 15.

WTI oil fell 11 percent in October, the biggest since July 2018. While, Brent oil for December closed down 0.44 to the position of $75.47 per barrel on the London-based ICE Futures Europe exchange. Global benchmark crude traded at $10.16 higher than WTI.

The Jakarta Composite Index is predicted to gain more strength, after closed rising 0.735 percent to 5,831.65, as foreign recorded net buy at 1.52 trillion Rupiah. The positive driver its expecting from the Statistic Indonesia which will released the inflation data.

Inflation its estimating still under controlled in the government range target 3+/- 1 percent.

May you have a profitable day!
US$1: Rp 15,227

Written by Linda Silaen and TIS Intelligence Team, Please visit our new website to get more insight on Indonesia’s economy: www.tisintel.com

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