Indonesian government temporary banned all air, sea, and land transportation to reduce the spread of COVID-19 across the nation - Photo by Transportation Ministry Office

JAKARTA (TheInsiderStories) – Good Morning! Indonesian government temporary banned all air, sea, and land transportation to reduce the spread of COVID-19 across the nation. Based on the ministry of transportation regulation Number 25 of 2020 issued on Thursday, starting April 24 to May 31 for the land and crossing sectors, April 24 to June 15 for trains, April 24 to June 8 for ships, and April 24 to June 1 for air transportation.

The task force reported number of positive cases 7,775m deaths 647 and recovered 960 until yesterday. The number of people in monitoring 195,948 and patients under surveillance 18,283, spread in 34 provinces and 267 districts and we are in the country.

To meet the financing targets in State Budget 2020, the ministry of finance to auction state bond with a maximum target Rp40 trillion (US$2.58 billion) next week (04/28). The amount is the highest compared to previous auctions during 2020.

The government will release seven series, SPN03200729 due July 29, 2020 and SPN12210429 due April 29, 2021 at a discount coupon rate. The other five series are fixed rate bonds such as FR0081 (6.50 percent), FR0082 (7.00 percent), FR0080 (7.50 percent), FR0083 (7.50 percent), and FR0076 (7.375 percent).

In Asia, Philippines government extended the lockdown period to stem the spread of COVID-19 for another two weeks from the original schedule which originally ended on April 30 to May 15 for its capital city, Manila, and several surrounding areas which contributed to a large portion of the country’ economic output.

While, Japan reported the annual core consumer inflation slowed for the second straight month. The core consumer price index, which includes oil products but excludes volatile fresh food prices, grew 0.4 percent in March, slower than a 0.6 percent increase in February.

The health crisis has taken a heavy toll on the world’ third-largest economy. As of Thursday, the number of infections reached 12,023 with 299 deaths.

From United States (US), treasury secretary Steven Mnuchin considered a government lending facility for American oil companies, as they cope with a devastating plunge in prices. Earlier, energy secretary Dan Brouillette said, the country probably to double the size-limit on loans to mid-tier energy companies under the CARES Act stimulus package around US$250 million.

Yesterday, Indonesian Rupiah strengthened 0.23 percent to level of 15,450 per US Dollar and the Jakarta Composite Index rose 0.57 percent to 4,593.55 compared to previous day. Today the Greenback and the stock index could move in the negative zones followed the other instruments in Asia.

Stock to be watch for today are PT PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (IDX: BJBR), PT Adaro Energy Tbk (IDX: ADRO), PT AKR Corporindo Tbk (IDX: AKRA), PT Aneka Tambang Tbk (IDX: ANTM), PT Astra International Tbk (IDX: ASII), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Bank Mandiri Tbk (IDX: BMRI), PT Wijaya Karya Tbk (IDX: WIKA), PT Bumi Serpong Damai Tbk (IDX: BSDE), PT Jasa Marga Tbk (IDX: JSMR), and PT Waskita Karya Tbk (IDX: WSKT).

May you have a profitable day!

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