Thousands of Workers will strike today - Photo by President Office

JAKARTA (TheInsiderStories) – Good Morning! Ahead of the announcement of the provincial minimum wage by the governors on Nov. 1, the labors will hell two-days rally starting today to reject the 2020 minimum wage. The government has decided only rise the minimum wage 8.51 percent below the labor demand between 10 – 15 percent.

After the CEO become vice minister, state own enterprises minister Erick Thohir, planned to announce the successor of Budi Gunadi Sadikin in PT Indonesia Asahan Aluminium (Inalum) and Kartiko Wirjoatdmojo in PT Bank Mandiri Tbk (IDX: BMRI) today. The shareholders meeting of Bank Mandiri is scheduling on Dec. 20, 2019 while Inalum on November.

On Tuesday, ministry of finance has issued retail bond (ORI-016) with worth of Rp8.21 trillion (US$586.43 million), the highest among issuance since 2018. Series in the list including retail savings bonds (SBR003, SBR004, SBR005, SBR006, SBR007, SBR008), and four series of sukuk savings (ST002, ST003, ST004, and ST005).

Sales of ORI-016 this time were facilitated by 14 banks, four securities, and five technology-based financial companies (fintech). The Fintech consists of two peer to peer lending (P2P) fintech companies and three specifically licensed fintechs as mutual fund sales agents

From United States (US), President Donald Trump and Chinese President Xi Jinping Set a meeting for Nov. 17 in Chile talks about trade deal. As known, both has agreed on partial agreement on the trade pact.  

After China and Europe, now Thailand is the latest target of US trade warfare and may not be the last in Southeast Asia. Its a second warning from Washington to firms thinking about diverting production from China to ASEAN to avoid punitive American duties. Malaysia, with a US$39.4 billion bilateral trade surplus last year, could be the next target of Trump.

At the same day, US reported the consumer confidence index unexpectedly fell to a four-month low as economic expectations dimmed. The Conference Board index dropped in October to 125.9 for a third-straight decline.

Then, home prices in 20 cities in US declined in August from the prior month for the first time in a year. The S&P CoreLogic Case – Shiller index of property values fell 0.2 percent during the month and prices increased 2 percent from August 2018.

Yesterday, Indonesian Rupiah closed down 0.005 percent to 14,035 against the US Dollar and the Jakarta Composite Index (JCI) closed up 0.25 percent to 6,281.138 from Monday.

For today some analysts rated the financial market still had pressured by negative sentiment from global dan domestic issues. But the market is anticipating the third quarter of 2019′ financial statements that are being release these days.

Today, the local currency is expected move in the range 14,000 to 14,060 over the Greenback and the JCI between 6,187 – 6,328. Stocks to be watch are PT PP Tbk (IDX: PTPP), PT Wijaya Karya Tbk (IDX: WIKA), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Indocement Tunggal Perkasa Tbk (IDX: INTP), PT Bumi Serpong Damai Tbk (IDX: BSDE), PT Pakuwon Jati Tbk (IDX: PWON), and PT Astra International Tbk.

Then PT Bank Central Asia Tbk (IDX: BBCA), PT HM Sampoerna Tbk (IDX: HMSP), PT Telkom Indonesia Tbk (IDX: TLKM), PT Sri Rejeki Isman Tbk (IDX: SRIL), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Unilever Indonesia Tbk (IDX: UNVR), and PT Mayora Indah Tbk (IDX: MYOR).

US$1: Rp14,000

May you have a profitable day!

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