JAKARTA (TheInsiderStories) — Good morning! With his confidence to lead Indonesia for the second term, President Joko Widodo hold political communication with opposition parties. After met Amanat Party chairman Zulkifli Hasan, yesterday he met one of Demokrat Party leader Agus Harimurti Yudhoyono (AHY) at Merdeka Palace, Jakarta.
According to the son of former President Susilo Bambang Yudhoyono, both leaders discussed about the results of the 2019 Presidential Election. AHY hoped that all parties could be patient and respect the results of the vote recapitulation of the 2019 Presidential Election to be announced on the upcoming 22 May 2019.
He also expressed that all parties could respect the official results of the calculation and accept any recapitulation results that would be officially announced by the General Election Commission. AHY also hope that this relationship with President Widodo could continue in the future.
While, Bank Indonesia considered that 2018’ global and domestic challenges may still continue this year and affect Indonesia’s financial system resiliency. In its financial stability studies, global economic condition has a big influence on Indonesian economy, with other sources of vulnerability in domestic financial sector can also add more shocking impact.
From global side, China did another diplomatic dispute tit-for-tat following Canada’ action on arresting Huawei Technologies Director Meng Wanzhou, in December last year. China has suspended pork imports from two Canadian companies, Olymel LP and Drummond Export, as stated by Chinese Customs General Administration.
Canada’ authority claimed that they haven’t received any official statement from China about the export suspension, so they will further check. China’ import on Canada’ pork valued US$382.5 million last year.
Canada, world’ third biggest pork exporter, has been sending more products to China after the domestic supply contracted by the outbreak of African swine flu. China is known as both biggest pork producer and consumer around the globe.
Furthermore, Bank of England (BoE) seems optimistic over this year’ economic growth, by hoisting its projection to 1.5 percent. Prior, it estimated the economic growth at 1.2 percent. The growth for the first semester is expected to be at 0.5 percent, higher than 0.2 percent compared to the last quarter last year.
The United Kingdom’ economy showed resiliency in the first three months of 2019. Jobless rate at its lowest point in the last 44 years, income reached highest level in the last one decade, and the inflation maintained at 1.9 percent.
In the official announcement, BoE held reference rate at 0.75 percent. Furthermore, the central bank also indicated that it would increase the rate in the future.
Yesterday, Indonesian Rupiah against US Dollar kept falling since the beginning of April. It had another decline by 0.21 percent on the last market’ open to 14,340. According to BI, the depreciation was caused by the increasing needs of US Dollar ahead of company’s dividend sharing.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia