— Good morning! Indonesia will face Presidential Election
in the next three months. Last night, two presidential candidates showed their capability in law, human rights, terrorism, and corruption.
Duet Prabowo Subianto – Sandiaga Salahuddin Uno looked more confident compared to the Joko Widodo – Ma’ruf Amin pair. But
overall, the debate not showed the whole picture of the candidates views on the four issues. Both men gave few details about how they would ensure all that issues.
This political year brings Bank Indonesia’s optimism over the investment climate in the country. The central bank Governor Perry Warjiyo said investors confidence is still high.
It showed in the third quarter (1Q) of 2018′ data, the investment value grew significantly. He estimated that investment grew almost 7 percent at the end of 2018 and it will continue to ascend in the 1Q of 2019.
While, Indonesia’s state-owned energy producer, PT Pertamina, expects to sign a production-sharing contract for the Rokan oil block in January, after paying a $784 million signature bonus for its bid in December. The Energy Mineral and Resources ministry announced in July that Pertamina will take over operation of Rokan, once Chevron Corp.’ operating contract there expires in 2021.
Pertamina has formed a subsidiary named PT Pertamina Hulu Rokan that will take over operations from PT Chevron Pacific Indonesia in 2021, said upstream director Dharmawan Samsu on Jan. 17. The producer now seeking a partner for Rokan.
While, stocks market was seen in its uptrend, still. Yesterday, Jakarta Composite Index closed raising by 0.16 percent to 6,423.78. But consumer goods industry—a top-choice sector in election year—was declining by 0.1 percent, while most sectors were gaining.
Indonesian Rupiah moved stagnant stay at 14,158 over the greenback, seemed unaffected by the president candidates debate.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia