The Jakarta province prepared three options to face the COVID-19 outbreak before the second phase transitional of large-scale social restrictions will end on July 30 - Photo: Special

JAKARTA (TheInsiderStories) – Good Morning! Indonesia records 973 new positive cases in one day on Wednesday as East Java become the epicenter, the task force reported. The latest figure brought the total number of COVID-19 cases in Indonesia to 20,162, 1,278 deaths, and 4,838 recovered.

At the same day, Indonesian government repatriated 242 more cruise ship crew from Germany. In total, the country has brought home 1,970 cruise ship crews from Hamburg. They are scheduled to arrive in Denpasar, Bali, on May 21.

Then, two state-owned companies, PT Perusahaan Gas Negara Tbk (IDX: PGAS) signed an agreement with PT Pertamina EP to reduce gas price of South Sumatera-West Java Projects to US$4 per MMBTu from $5.33 MMBTu, with a volume of 90 BBTu per day. This agreement is effective from April 13, 2020 to Dec. 31, 2024.

From United States (US), President Donald Trump decided to withdraw the Open Skies Treaty, an agreement that entered into force on Jan. 1, 2002 with Russia. The decision was made after Moscow allegedly violated the treaty, due to the use of unarmed flights to monitor some of the countries affiliated to the deal.

Trump also warned China that the Washington will respond to a new national security law planned to curtail protests and democratic movements in Hong Kong. Then, Federal Reserves may put off further guidance on its interest rate and balance sheet policies until the fall as it grapples with uncertainties.

In Asia, Bank of Japan is widely expected to leave its main stimulus measures unchanged at an emergency meeting today,as funding for struggling businesses takes center stage in its discussions. While, Vietnam Prime Minister, Nguyen Xuan Phuc said, the export-dependent economy could see growth slow to a range of 4 – 5 percent in this year from initial target 6.8 percent as the virus roils on the global economy.

From Europe, British banks are confronting the European import of sub-zero interest rates that could damage profits as the Brexit divorce rumbles toward its end.

Last Wednesday, Indonesian Rupiah closed at 14,710 per US Dollar or rose 0.41 percent compared to the previous day of 14,770 per US dollar. The Jakarta Composite Index slightly up 0.06 percent to 4,545.95.

Today, no transaction and no important agenda caused of the holiday season in Indonesia.

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