JAKARTA (TheInsiderStories) – Good Morning! Indonesian government prepared a “new normal” scenario in the country after almost three months implemented large-scale social distancing amid the COVID-19 outbreak. To re-open the people’ activities, President Joko Widodo has agenda to visit the preparation in transportation and mall today.
Earlier, health ministry has issued a guidelines for businesses and companies to run the “new normal” program. As of today, four provinces and 28 municipalities and districts across the country still have the restriction in place. On Monday, the task reported the positive cases numbers in Indonesia reached 22,750 and death toll 1,391.
From United States (US), President Donald Trump administration on ban the entry of travelers from Brazil citing widespread human-to-human transmission of the COVID-19 and the threat infected individuals. The travel ban goes into effect from Friday and applies to immigrants and non-immigrants from Brazil after ordered suspending travelers from China, Iran, the Schengen area, United Kingdom and Ireland.
Citing the World Health Organization, Brazil is currently number three in the world in number of infections at 310,087. On Monday morning, US fatalities at 97,722, up by 633 over the past 24 hours. Infections went up by 20,634 over the same period to 1.66 million.
From the Britain, Prime Minister Boris Johnson has confirmed primary schools will open on June 1 and secondary schools will starts from June 15. While, the Japanese government revoked the emergency status in Tokyo and four other regions after the number of new cases of the COVID-19 was under 50 in all countries.
Last Wednesday, Indonesian Rupiah closed at 14,710 per US Dollar or rose 0.41 percent compared to the previous day of 14,770 per US dollar. The Jakarta Composite Index slightly up 0.06 percent to 4,545.95.
On Tuesday, the analysts sees the market players are still waiting for the government’ move to start activities in the “new normal” program. They also rated the global stock market will be influenced by the relationship between the US and China.
Beijing recently planned to launch a national security bill which has an impact on increasing control over Hong Kong. The bill is said to ignite US – China tensions and has the potential to give birth to a second cold war throughout history.
At the same time, US senate has approved a bill related to increased oversight of Chinese companies. This bill could eject the Chinese companies listed on the US stock exchange.
In addition, they said, a gradual easing of the lockdown in several states in America and the world will be give a positive sentiment to the market. But the second wave has come to market’ attention even so far there have not been any signs of that.
For today, the observer sees the Rupiah will move in the range 14,700 – 14,750 against the Greenback and the stock indexk between 4,460 to 4,609. The stocks to be watch are PT Gudang Garam Tbk (IDX: GGRM), PT United Tractor Tbk (IDX: UNTR), PT Bank Tabungan Negara Tbk (IDX: BBTN), and PT Bank Central Asia Tbk (IDX: BBCA).
Then, PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Telkom Indonesia Tbl, PT Unilever Indonesia Tbk (IDX: UNVR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Bank Central Asia Tbk (IDX: BBCA), PT Kalbe Farma Tbk (IDX: KLBF), and PT Blue Bird Tbk (IDX: BIRD).
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia