Indonesian Security to help the release of 10 Indonesian citizens who were held hostage by Abu Sayyaf groups in Philippine waters - Photo: Privacy

JAKARTA (TheInsiderStories) – Good Morning! Malaysia Diraja Police arrested 16 people were arrested and 12 of them are Indonesian citizens suspected of being linked to ISIS. The suspects is an oil palm plantation worker in the state of Sabah.

In Indonesia, National police arrested two activists, Dandhy Laksono related to Papua tweet and Ananda Badudu tied to students rallies funding. While, online-based motorcycle taxi drivers planned to stage a demonstration today near to the legislative building in Central Jakarta today.

Indonesian palm oil association admitted their refining businesses to remain weak until the end of this year, following the government’ decision to extend its suspension of export levies. On Tuesday the government said it will not collect the levies again until Jan. 1, 2020. Palm oil is the country’ second largest export, after coal, generating revenues of US$16 billion in 2018.

For natural disaster, Indonesian government is allocating Rp5 trillion ($354.61 million) relief funds in the 2020 State Budget distributed to the Meteorology, Climatology and Geophysics Agency, Technology Assessment and Application Agency, as well as the Geospatial Information Agency.

Directorate general at finance ministry, Askolani said, the funds will be used for the recovery of natural disasters that had occurred in the previous year, such as in Palu in Central Sulawesi and Lombok, West Nusa Tenggara.

On Thursday, Indonesian Rupiah closed down 0.21 percent to 14,175 over the Greenback, while the Jakarta Composite Index (JCI) jumped 1.37 percent o 6,230.33 compared to yesterday. The strengthening of the composite index was supported by foreign and domestic investors buying action.

Today, the observer rated, the JCI still have room to strengthening. Some analysts rated, the global situation is getting conducive following to the American and Chinese representatives meeting.

This special Chinese envoy promised to buy American soybeans if there were negotiations again in the following month. While, they estimating Indonesia’ economic prospects are expected to be sluggish in this year amid slowing global economic conditions and factors regarding the United States’ House largely agreed on President Donald Trump’ impeachment.

A total of 219 of the 435 US councilors from Democrat party supported the impeachment of Trump. The negative sentiment from US, the observers said, could lead the JCI to the negative zone in today’s stock trading.

For today, the analysts recommended PT Bank Central Asia Tbk (IDX: BBCA), PT Telkom Indonesia Tbk (IDX: TLKM), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Astra International Tbk (IDX: ASII), PT Merdeka Copper Gold Tbk (IDX: MDKA), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Adaro Energy Tbk (IDX: ADRO), PT Medco Energi International Tbk (IDX: MEDC), PT Waskita Karya Tbk (IDX: WSKT), PT PP Tbk (IDX: PTPP), and PT Adhi Karya Tbk (IDX: ADHI).

US$1: Rp14,100

May you have a profitable day!

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