JAKARTA (TheInsiderStories) – Good Morning! Board of governors of Bank Indonesia (BI) start their monthly meeting today to make a decision of the monetary stance. Last month, the central bank kept its benchmark rate do to the uncertainty in the global market.
Some economist sees, in January’ meeting the policymaker its expecting to cuts the BI seven days repo rate 25 basis points from current position at 5 percent, lending and the deposit facility rates were also held unchanged at 5.75 percent and 4.25 percent respectively.
While, the transportation ministry has planned to announces the online motorcycle taxi rates next week. According to the official, before the announcement, the ministry will be held a discussion with the driver community, applicators, and the Indonesian Consumers Foundation on Jan. 24, 2020. The fastest results will be obtained on Monday next week, said the official.
Globally, investors would do well to keep an eye out for any news on the Wuhan coronavirus. The disease is believed to be spread from person to person and could hurt both United States (US) and Chinese economies.
In addition, there will be another day of headlines from the World Economic Forum in Davos, Switzerland. While, trade is likely in focus again, although neither President Donald Trump’ speech nor his meeting with European Commission President Ursula von der Leyen generated much market movement.
From US, the Republican rejected a Democratic bid to force the White House to produce more documents and evidence for the third impeachment trial in American history. Democrats have called on the Republican to remove Trump from office. The president, who was impeached last month, denies any wrongdoing and describes his impeachment as a partisan hoax to derail his 2020 re-election.
In Asia, South Korea reported its gross domestic product growth in the fourth quarter (4Q) reached 1.2 percent quarterly. This is the highest level of quarterly economic growth since the 3Q of 2017. However, on an annual basis, the country’ economic growth landed at the lowest rate in the last 10 years to 2 percent.
On Tuesday, Indonesian Rupiah closed down 0.22 percent at 13,669 a US dollar and the Jakarta Composite Index corrected 0.11 percent compared to the previous day. Today, diseases issues in China bring negative influences to the market and will continues in today’ trading.
The analyst sees, the local currency will move between Rp13,600 – 13,700 over the Greenback. While, the stock index in the range 6,202 to 6,378 compared to yesterday.
The stock to be watch, they said, are PT Astra International Tbk (IDX: ASII), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Central Asia Tbk (IDX: BBCA), PT Diamond Food Indonesia Tbk (IDX: DMND), PT Jasa Marga Tbk (IDX: JSMR), PT Kalbe Farma TBk (IDX: KLBF), PT Mayora Indah Tbk (IDX: MYOR), PT Unilever Indonesia Tbk (IDX: UNVR), PT Adaro Energy Tbk (IDX: ADRO), PT Aneka TambanG Tbk (IDX: ANTM), PT Bank Tabungan Negara Tbk (IDX: BBTN), and PT Vale Indonesia Tbk (IDX: INCO).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia