JAKARTA (TheInsiderStories) – Good Morning! Today, Statistic Indonesia will announce the economic growth position in third quarter of 2019. Last quarter the country’ GDP recorded 5.05 percent and in the first quarter at 5.07 percent.
Some analyst sees in nine months period the economic growth between 4.8 – 5.1 percent. But finance minister Sri Mulyani Indrawati believed in the third quarter of this year the level same with last quarter.
On defense issues, Indonesia is looking to buy two squadrons of new F-16 fighter 72 fighters from the United States (US) by January 2020. The F-16 acquisition will be part of Indonesia’ next five-year strategic plan, running from 2020 – 2024. This year the government allocated defense budget US$7.7 billion.
At the sidelines ASEAN leaders meeting in Bangkok, Thailand, Chinese Premier Li Keqiang met with Robert O’Brien, national security adviser for US’ President Donald Trump. Li said, the two countries need to meet each other halfway to make their relations develop in a healthy and stable manner.
The Chinese premier adds, both countries should respect each other’ core interests and major concerns, and manage differences on the basis of equality and mutual respect, while expanding cooperation on the basis of mutual benefit and win-win. While, O’Brien stated, that the bilateral trade consultations have gained positive progress, which is in line with the common interests of two countries.
Despite of divergences, he continued, the two countries need to properly handle them in a constructive way so as to promote US – China relations to go further. Xiao Jie, Chinese state councilor and secretary-general of the State Council and US secretary of commerce Wilbur Ross also attended the meeting.
Still from US, factory orders fell 0.6 percent in September, the Commerce Department said Monday (03/11). Durable goods orders dropped a revised 1.2 percent and orders for nondurable goods rose 0.1 percent in the month.
On Monday, Indonesian Rupiah strengthened 0.45 percent to 14,002 against US Dollar while the Jakarta Composite Index (JCI) lowered 0.43 percent to 6,180.34. While foreigners are still carrying out a net buy of Rp 240.33 billion (US$17.17 million).
For today, some analysts explained that investors are looking at the policy of the US Federal Reserves (Fed), which cut interest rates last week, which will provide an opportunity for Bank Indonesia (BI) to continue cutting interest rates until next year.
This year, the Fed has cut interest rates three times, while the central bank has lowered BI 7 Day Reserver Repo rate for fourth time. The positive sentiment is also come from the progress of the US – China trade deal.
For today, the observers estimates, the local currency will move in the range of 13,990 – 14,075 against the American Dollar. And the composite index 6,123 – 6,336.
The stocks to be watch for today are PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Telekomunikasi Indonesia Tbk (IDX: TLKM), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT United Tractors Tbk (IDX: UNTR), PT Semen Indonesia Tbk (IDX: SMGR), PT Sarana Menara Nusantara Tbk (IDX: TOWR), PT Vale Indonesia Tbk (IDX: INCO), PT Bank Central Asia Tbk (IDX: BBCA), PT Barito Pacific Timber Tbk (IDX: BRPT), and PT Indofood Sukses Makmur Tbk (IDX: INDF), said the analysts.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia