JAKARTA (TheInsiderStories) – Good Morning! The candidate president of United States (US), Joe Bidden has picked Kamala Haris as his vice president running mate in this year’ election. Her radical economic agenda completes the presumptive Democrat nominee’ lurch to the far left.
While, US’ stimulus talks reached a dead end after lawmakers and the White House had failed to reach a deal on another aid package. The negotiations for a second stimulus package are expected to continue amid the battle between Democrat and Republic’ lawmakers.
In Asia, the situation in the South China Sea continues to heat up. Both the US and China continue to increase military operations in the disputed region in the region.
Then, Auckland has put under lockdown after the first New Zealand positive cases were detected after 102 days. While, Vietnam reported the first death and the new positive cases increased.
In Indonesia, the minister of transportation, Budi Karya Sumadi, has signed a regulation on the provision of infrastructure for the electric vehicles. While, the minister of state apparatus and bureaucratic reform, Tjahjo Kumolo, said that the government would again cut 13 institutions and committees after previously as many as 18 agencies and task forces has been deleted.
On Tuesday, Indonesian government raised Rp22 trillion (US$1.52 billion) from state bond auctions from the total bid incoming Rp106 trillion. The government offers two new series FR0086 and FR0087. Then, FR0076, FR0080, FR0083, SPN12210812, and SPN03201112 at the bond auction.
Yesterday, Indonesian Rupiah was recorded to have weakened 0.22 percent to 14,680 per US Dollar and the Jakarta Composite Index (JCI) closed up 0.63 percent to 5,190.16 levels compared to the previous day. Analysts stated that the positive sentiment came from the state bond auction recorded an incoming demand of Rp106 trillion.
This condition, according to them, reflected the country’ financial market was slowly getting more vibrant. As for external sentiment, the beginning of the global funds inflows to Singapore also showed that global investors are starting to look back at countries outside of the old investment destination countries.
For this reason, they estimate that the Rupiah can begin to appreciate in the range of 14,600 – 14,800 per US dollar. And, the JCI is between 4,821 – 5,202 compared to yesterday.
Stocks to be watch for today are PT Telkom Indonesia Tbk (IDX: TLKM), PT Unilever Indonesia Tbk (IDX: UNVR), PT Vale Indonesia Tbk (IDX: INCO), PT Erajaya Swasembada Tbk (IDX: ERAA), PT Bank Centra Asia Tbk (IDX: BBCA), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Perusahaan Negara Indonesia Tbk (IDX: PGAS), PT Medco Energi Internasional Tbk (IDX: MEDC), PT AKR Corporindo Tbk (IDX: AKRA), PT HM Sampoerna Tbk (IDX: HMSP), PT Astra International Tbk (IDX: ASII), PT Bank Rakyat Indonesia (IDX: BBRI), and PT Bank Mandiri Tbk (IDX: BMRI).
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia