JAKARTA (TheInsiderStories) — Good morning! United Kingdom (UK) parliament speaker John Bercow warned Prime Minister Theresa May to not bring the same Brexit deal to be voted. May is expected to put the deal back to parliament this or next week after member of parliament voted last week for a delay.
She may seek an extension to that deadline when meets European Union leaders in Thursday’ summit. But it seems unlikely for May to get deal change from the organization.
While, Malaysia prosecutors will summon two Goldman Sachs units in London and Hong Kong, concerning state fund 1Malaysia Development Berhad (1MDB) case. Goldman Sachs must respond by June, to criminal charges filed against them.
Three units of Goldman Sachs are being charged for misleading investors by making untrue statements and omitting key facts in relation to bond issues totaling US$6.5 billion for 1MDB. On Monday, only the Singapore unit of Goldman Sachs appeared at a pre-trial hearing in a Kuala Lumpur court as a respondent.
Then, United States judge rejected Rio Tinto Plc’ bid to dismiss a Securities and Exchange Commission (SEC) lawsuit accusing an Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project. SEC accused Rio Tinto of marking up the value of Mozambique coal assets that the miner bought in 2011 for $3.7 billion, through a takeover of the former Riversdale Mining.
By waiting until January 2013 to take a more than $3 billion, Rio Tinto was able to make its balance sheet look better and raise more than $5.5 billion from US investors. Rio Tinto eventually sold the assets in late 2014, for just $50 million.
In Indonesia, Transportation ministry released online motor-taxi regulation. The regulation number 12 year 2019 concerning motorcycle safety protection for the benefit of the community has been legalized by the Law and Human Rights Ministry, said official.
However, the new regulation doesn’t have detail on the limitation of tariff per kilometer. It will be stipulated in Transportation Ministry Decision Letter that will be released soon, and the tariff is going to be evaluated in every three months.
The Indonesia Stock Exchange (IDX) targets the growth of Islamic stock investors this year to increase to 100 percent to 89,086 investors from last year’s 44,543 investors. This target is higher than the IDX’s achievement last year, with the growth of sharia share investors rising to around 92 percent or increasing by 21,329 from the previous year’s 23,207 investors.
While, Indonesian financial market was entering the week in a good shape. Rupiah strengthened by 0.47 percent to 14,203 against US Dollar. The Jakarta Composite Index grew by 0.74 percent to 6,509.44 with Rp687.75 billion ($48.43 million) foreign net buys.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia