President Joko Widodo in limited meeting in Pekanbaru, Riau - Photo by President Office

JAKARTA (TheInsiderStories) – Good Morning! Today, Indonesian parliament scheduled to pass the revision Corruption Eradication Commission Law. This revision is only discussed in a matter of days amid the critics from the society.

Previously, President Joko Widodo asserted that the anti-graft law need to reform caused has 17 years old. For that, he said, there needs to be limited improvement so that the the agency can run effectively.

Yesterday, the head of states visited Riau to get more information on the forest fire in the province. In a limited meeting in Pekanbaru, he asked all parties from the central to the regions to consolidate in handling forest and land fires as a whole.

After announced by the government, Malaysian company, Kuala Lumpur Kepong Bhd has confirmed that there is a forest fire on one of its plantations in Riau. This confession confirms the facts revealed by minister of environment and forestry Siti Nurbaya Bakar. There is a hotspot that affects 2.8 hectares of plantations managed by its subsidiaries, PT Adei Plantation and Industry.

From global, North Korean leader Kim Jong-un invited United States (US) President Donald Trump to visit Pyongyang. The letter is the second Trump received from Kim last month amid stalled denuclearization talks between the two countries,

On trade war issues, deputy-level US – China trade talks are scheduled to start in Washington on Sept. 19, paving the way for high-level talks in October aimed at resolving a bitter trade war. US’ trade representative Robert Lighthizer stated that he was seeking a “real agreement” in the October’ meeting.

While, a meeting between United States (US) President Donald Trump and Iranian leader Hassan Rouhani on the sidelines of an upcoming United Nations General Assembly is not on Tehran’ agenda, the Iranian foreign ministry said. This refutes the statement of US’ Secretary of State Mike Pompeo that Trump may meet Rouhani at the summit meeting.

From the country, Bank Indonesia reported the Indonesian external debt rose 10.3 percent to US$395.3 billion at the end of July 2019, consisted of government and central bank debt of $197.5 billion, as well as private debt (including state-owned enterprises) amounted to $197.8 billion.

The nation’ external debt grew mainly due to a net withdrawal of external debt and the strengthening of Rupiah against US dollar. Its reported, the government external debt rose 9.7 percent to U$194.5 billion.

While, the ministry of finance is targeting to reap Rp7 trillion ($500 million) from the six series of SUKUK with one series of Islamic state treasury today. The six series to be auctioned offer rewards ranging from discounts up to 8.625 percent.

In detail, the Government auctioned the SPN-S04032020 series in exchange for a discount and is due on March 4, 2020. The other five series are PBS014 which offers a 6.5 percent rate mature on May 15, 2021; PBS019 with coupon rate 8.25 percent and due on Sept. 15, 2023; PBS021 offers 8.5 rewards and will mature on April 15, 2026; aPBS022 with coupon rate 8.625 percent and will mature on April 15, 2034; also PBS005 with return 6.75 percent and will mature on July 15, 2043.

On Monday, the Rupiah closed down 0.54 percent to 14,035 against the US Dollar, compared to the close of trading last weekend. While the Jakarta Composite Index (JCI) corrected 1.82 percent to 6,219.44.

For today, analysts assessed the market conditions should be quite positive caused tomorrow the US’ Federal Reserve (Fed) will announce their monetary policy. Some analysts and economists predict the Fed will cut the interest rates.

The also rated, the market will rebound after a fairly deep decline. JCI is predicted to move in the range of 6,193 to 6,305 and the analysts advise the investors to buy on weakness.

The stocks to be watch for today are PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP) , PT Chandra Asri Petrochemical Tbk (IDX: TPIA), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Medco Energi Internasional Tbk (IDX: MEDC), PT Adaro Energy Tbk (IDX: ADRO), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), and PT Bank Central Asia Tbk (IDX: BBCA).

May you have a profitable day!

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