JAKARTA (TheInsiderStories) – Indonesian government reviewed Abubakar Ba’asyir‘ release plan after being criticized by many parties, including the Australian government. Last week President Joko Widodo announced to released the kingpin terrorism for humanitarian reasons.
Yesterday, the Australian Government expressed a firm attitude towards the discourse of Ba’asyir liberation by the Indonesian government. In his official statement, Prime Minister Scott Morrison hoped that the Indonesian government would show great respect for the family of Bomb Bali’ victim.
Previously, the radical Moslem cleric was convicted of terrorism charges in 2010 over links to militant training camps in Aceh province and jailed for 15 years. He also involved in the 2002 bombing of Bali, were Australians was killed 88 of the more than 200 peoples victim, and Australia government has previously urged against leniency for Ba’asyir.
Furthermore, Indonesian losses from Mount Anak Krakatoa‘ tsunami is estimating Rp15.9 trillion (US$1.12 billion). The National Disaster Management Agency reported 430 peoples dead, 159 peoples missing, 1,495 peoples injured, and 21,991 displaced during the tsunami.
From global side, United States’ President Donald Trump and South Korean leader Kim Jong Un are planning to meet in Vietnam in February for their second summit. Last year, Kim has requested a second summit with Trump after their first meeting in Singapore.
On the Brexit issues, Untied Kingdom (UK) Prime Minister Theresa May is expected to reject calls for a cross party consensus when she addresses parliament and instead back new diplomatic efforts in Brussels to renegotiate the Irish backstop.
May has said the European Union (EU) to extend Article 50 without a plan for a deal, as she rejected calls to delay Britain’s departure from the organization. Speaking on Monday 01/21), May added that she will press on with efforts to get an EU divorce bill approved by parliament. The UK is set to leave the 28-member bloc on March 29, two years after it triggered Article 50.
On the financial market, US dollar held near a two-week high, shrugging off concerns about weakening global growth and data that showed China’ economy slowed sharply in 2018. The bet was that the Federal Reserves would stop raising interest rates and the economy would slow.
The Euro nudged up 0.2 percent to $1.1376 from last week ended at $1.1353 brushed while the pound was steady at $1.2873 against US dollar. This week, investors will keep a close eye on Thursday’s European Central Bank meeting to see if policymakers will react to worsening global economic prospects.
While at the domestic side, Rupiah in the spot market weakened 49 points or 0.35 percent to the level of 14,227 compared to the greenback on Monday. But, the Jakarta Composite Index rose 0.04 percent or 2.68 points to 6,450.83.
During the World Economic Forum in Davos, Swiss, investor’ eyes will focus on the meeting of US – China meeting to discuss on the trade dispute. Based on the latest information, China’s Vice Prime Minister Liu He will meet US’ Finance Minister Steven Munchin and Trade Representatives Robert Lighthizer at the sidelines of the meeting.