Bank Indonesia (BI) governor, Perry Warjoyo will give a press statement today on the latest monetary policies - Photo: Privacy

JAKARTA (TheInsiderStories) – Good Morning! Governor of Bank Indonesia, Perry Warjoyo will give a press statement on the latest monetary policies today. So far, various policies produced by the central bank in cooperation with government has “calm” the financial market.

On the COVID-19 development, senior economic minister, Airlangga Hartarto said, seven provinces ready to run “new normal” phase starting caused the virus outbreak decreased. Then, Jakarta province will start to open school starting July.

Today, President Joko Widodo again lead a limited meeting on the development of COVID-19 in Indonesia. This time, he and the cabinet members will discusses the a new normal order on tourism sector and incentives for farmers and fishermen in Order to maintain the availability of staples.

Until Wednesday, the task force reported positive case numbers in Indonesia jumped to 23,851, added 686 from previous day and death toll 1,473. Globally, number of positive cases reached 5.78 million and total fatalities 356.731.

From United States (US), secretary of state, Michael Pompeo, spoke with Indonesian foreign minister, Retno Marsudi, about the continued strong US – Indonesia strategic partnership and international efforts to combat the COVID-19 pandemic. Both highlighted the importance of increased health and economic cooperation to rebuild our economies and keep the region safe. 

From Europe, Prime Minister of Britain, Boris Johnson will go to Brussels next month for Brexit talks with presidents of the European Commission and council. The organization has warned Johnson that the deal is still long way to go.

In Asia, protests in Hong Kong rise again followed Chinese government plans to implement national security rule in the region. Alongside, Taiwan’ President Tsai Ing-wen has also indicated Taipei may revoke the special status if President Xi Jin Ping imposes the policy.

While, Japanese Prime Minister Shinzo Abe’ cabinet approved a new JPY117 trillion (US$1.85 trillion) stimulus package funded by a second extra budget to stop the epidemic pushing the world’ third-largest economy deeper into recession. In addition, South Korea reported the highest daily number of new COVID-19 cases.

Yesterday, Indonesian Rupiah closed up 0.41 percent to 14,670 over the Greenback and the Jakarta Composite Index rose 0.32 percent to 4,641.56 from prior day. The strengthening of both instruments, said the analysts, are inseparable from the discourse of easing large-scale social restrictions in several regions.

In addition, the market also appreciates the government scenario to implement a new normal program. They predicted, the JCI will be move in the range 4,620 – 4,720 and the Rupiah between 14,600 to 14,700.

Stocks to be watch for today are PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Kalbe Farma Tbk (IDX: KLBF), PT HM Sampoerna Tbk (IDX: HMSP), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Astra International Tbk (IDX: ASII), PT Unilever Indonesia Tbk (IDX: UNVR), PT Pakuwon Jati Tbk (IDX: PWON), PT Summarecon Agung Tbk (IDX: SMRA), PT Semen Indonesia Tbk (IDX: SMGR), and PT Telkom Indonesia Tbk (IDX: TLKM).

May you have a profitable day!

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