JAKARTA (TheInsiderStories) – Good Morning! This noon Indonesian Investment Coordinating Board release the realization investment on third quarter of 2019. Last quarter, the agency reported the value of the investment realization worth of Rp200.50 trillion (US$14.32 billion) from same period in 2018 worth of Rp176.3 trillion or up 13.72 percent.

The amount of the investment realization 49.90 percent of 2019 targets of Rp792.0 trillion. At the same, President Joko Widodo will held a limited meeting on politic, human rights, and human resources at his office. 

This week, the government will inaugurated the new director general of taxes replacing Robert Pakpahan who will retire at the end of October. A number of names become his successor candidates are Suryo Utomo, an expert staff to the finance minister, Luky Alfirman who is now the director general at the ministry, Astera Primanto Bhakti a director at the ministry.

From the United States (US), Federal Reserves (Fed) again cut interest rates by 25 basis points for the third time this year to 1.5-1.75 percent. The central bank also signaled further pause cuts unless the economic outlook changes.

Follows the Fed decision, the Hong Kong Monetary Authority also reduced its interest rates for overnight loans by 25 basis points to 2 percent on Thursday. The central bank’ monetary policy in line with the US because the Hong Kong dollar is pegged in the tight range of HK$7.75 – 7.85 over the Greenback.

Yesterday Indonesian Rupiah slightly up 0.03 percent to 14,031 against the US Dollar. While, the Jakarta Composite Index (JCI) still maintained gains after successfully closing 0.23 percent to 6,295.75

Some analysts rated, the strengthening of the Rupiah and JCI caused Uncle Sam’ economic data tend to be disappointing, so that they need stimulus to hoist the domestic economy. For today, the results of the Fed will be the driver of the local currency and stock index movement.

The observers is optimistic Rupiah and JCI continues its strengthened. The exchange rate its estimating move in the range of 14,000 – 14,030 per US dollar. And the JCI between 6.280 – 6.350.

Shares that are quite attractive for today are PT Astra International Tbk (ASII), PT Astra Agro Lestari Tbk (IDX: AALI), PT Unilever Indonesia Tbk (IDX: UNVR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Aneka Tambang Tbk (IDX: ANTM), PT Vale Indonesia Tbk (IDX: INCO), PT Erajaya Swa Sembada Tbk (IDX: ERAA), PT AKR Corporindo Tbk (IDX: AKRA), and PT Ramayana Lestari Senotsa Tbk (IDX: RALS).

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia