JAKARTA (TheInsiderStories) — Good morning! Based on exit polls, Joko Widodo – Ma’ruf Amin lead Indonesia’ presidential race. While, the contender Prabowo Subianto – Sandiaga Salahuddin Uno believed they win based on internal count.
None of both candidates claimed they win the presidential election. They agreed to wait for the official results announced by the General Election Commission (GEC) as an official institution.
The 2019 Indonesian general election begins with a poor record of the integrity of the organizers, both the GEC and the Election Supervisory body. Local election logistics readiness has not been available to all regions until the day before domestic voting, April 17.
Even a number of cases of election fraud practices abroad have not been revealed to date. In addition to logistics, organizers also cannot reveal the truth of a number of election fraud practices abroad.
As known, the elections in Malaysia were in the spotlight because of the discovery of a number of ballots that had been cast over the legislative candidates for the Nasional Demokrat and Demokrat parties also Widodo – Amin.
From abroad, tense between United States and European Union (EU) rise, as the organization detailed plans on imposing American goods tariff. The EU said that tractors, helicopters, video game consoles, tobacco, handbags, suitcases, also agricultural produce from dried fruit to ketchup, as well as frozen fish, are among the tariff list, with US$20 billion worth.
Although the bloc said this week it was ready to open negotiations with the US to cut industrial duties, but the detailed plans could lead to a new tit-for-tat trade conflict between the two global powers. It is now open to a public consultation until May 31 and could then be revised.
US mentioned that it would end a ban against the citizens filing lawsuits against foreign companies operating in Cuba, with EU firms seen among the targets. Last week, US issued EU goods target to be imposed by tariffs. Some of the products are aircraft, dairy products, and wine, valued US$11 billion.
The two sides have been battling for almost 15 years at the World Trade Organization over subsidies given to US plane maker Boeing and its European rival Airbus. WTO arbitrators have yet to set amounts of damages or countermeasures in each case, but the US case against Airbus is more advanced, with a ruling expected in June or July. Damages for the EU’s Boeing complaint could come early in 2020.
Amid the unsolved trade negotiation with China, the US trade deficit fell to an eight-month low as imports from China plunged. In February, US trade deficit tumbled 3.4 percent to $49.4 billion in February, the lowest level since June 2018.
The US goods trade deficit with China decreased by 28.2 percent to $24.8 billion in February. Imports from China plunged 20.2 percent, while US exports to China jumped by 18.2 percent.
Meanwhile, economists warned the trade deficit would remain elevated regardless of whether the US and China struck a trade deal. But recently, talks between US and China to resolve the bitter trade war have been dragging.
China may be poised to take more stimulus steps to drive an expansion. Officials are drafting measures to bolster sales of cars and electronics. The proposals include subsidies for new-energy vehicles, smartphones and home appliances.
China’ latest tactic indicates that they are stepping up attempts to support consumption and mitigate threats posed by US trade tension. By a tax reduction program, retail sales expanded by 8.7 percent in March and the first-quarter gross domestic product also higher than economists estimation.
A day before Indonesia’ election, Rupiah against US dollar moved stable at 13,995.85. Meanwhile, the Jakarta Composite Index hiked by 0.72 percent to 6,481.54, amid Rp559.81 billion foreign outflows.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information About Indonesia
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