Senior Deputy Governor of Bank Indonesia (BI), Destry Damayanti, estimates that national economic growth in the second quarter (Q2) 2020 will shrink to the level of 4 - 4.8 percent of total gross domestic product (GDP) compared to last year - Photo by the Central Bank Office

JAKARTA (TheInsiderStories) – Good Morning! Starting today Bank Indonesia’ board of governors start their two-days meeting before make decision on Thursday. At the latest meeting, the policymaker decided to kept the 7-days repo rate at 5 percent.

While, finance ministry has agenda to inform the latest information on the 2020 State Budget until January. Now, the country faces lot of pressures from global and domestic sides, especially on the coronavirus effect and local problems.

Then, Investment Coordinating Board hold a coordinating meeting to equalize the official moves across the country and attract more investment enter Indonesia. This year the government targeting to raises investment values Rp886 trillion (US$63.28 billion) in 2020, higher than the target of Rp792 trillion set in 2019.

At the same day, the coordinating minister for maritime and investment, Luhut Binsar Panjaitan, will lead severals meeting on tourism, ferry tariffs, port services and new capital projects. He just visited United States (US) and mets various officials and businessmen at Washington.

In addition, PT Bank Mandiri Tbk (IDX: BMRI) held an annual shareholders meeting and property company, PT Makmur Berkah Amanda plans to conduct an initial public offering by release as much as 585 million shares or equivalent to 15.10 percent of issued and paid up capital.

From US, President Donald Trump objected proposals that would prevent companies from supplying jet engines and other components to China’ aviation industry and had instructed his administration not to implement them. Earlier, global media reported that the government was considering whether to stop General Electric Co (N:GE) from further supplying engines for a new Chinese passenger jet.

In Europe, governing council of the European Central Bank had scheduled to disusses non-monetary policy in Frankfurt. The Bank is scheduled to publish the minutes of its January meeting on Thursday and the main focus will likely be on any details to do with its monetary policy strategy review.

In Asia, Ashraf Ghani again won the Afghan presidential election, the Independent Election Commission announced on Tuesday (02/18). The announcement has been delayed since the initial plan on Oct. 19 considered to technical issues such as allegations of fraud and protests from candidates.

From Lebanon, Gerry Rice, the International Monetary Fund’ spokesman affirmed a small staff team will visit Beirut from Feb. 20 – 23 to listen to the authorities’ views on how they plan to face the economic difficulties, to take stock of recent macroeconomic developments, and provide broad technical advice on policies to deal with the macroeconomic challenges facing the economy. Lebanon has not requested financial assistance from the Fund, he adds.

On Tuesday, Indonesian Rupiah rate closed down 0.25 percent to 13,694 a US Dollar and the Jakarta Composite Index edge up 0.33 percent to 5,886.96 compared to previous day. Today both instruments

The analysts rated, the combination of external and internal sentiment had suppressed the local exchange rate, especially pressured by the strengthening of the US dollar and fears of recession in a number of countries such as Japan, Singapore and China.

The efforts of the People’s Bank of China injected RMB200 billion funds in banking system not helping to arouse the passion of the Chinese market. For today, they predicted the Rupiah will move in the range 13,640 t0 13,730 against the Greenback and the JCI between 5,880 – 5,990.

Based on the various information, they suggested investors pay close attention to PT Bank Rakyat Indonesia Tbk (IDX: BMRI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Barito Pacific Tbk (IDX: BRPT), PT Elang Mahkota Teknologi Tbk (IDX: EMTK), PT Sarana Menara Nusantara Tbk (IDX: TOWR), PT Waskita Beton Precast Tbk (IDX: WSBP), PT Merdeka Copper & Gold Tbk (IDX: MDKA), PT Astra International Tbk (IDX: ASII), PT Pakuwon Jati Tbk (PWON) stocks for today.

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia