The World Bank give loan facilities US$250 million for the Indonesia COVID-19 Emergency Response Project, the agency announced today (05/28) - Photo: Special

JAKARTA (TheInsiderStories) – President Joko Widodo has instructed his ministers to immediately evacuate Indonesian citizens in the Hubei Province, China, followed the coronavirus spread around the country. While Army Chief, Hadi Tjahjanto said, his team ready to evacuate Indonesian citizens from the province.

As known, the World Health Organization (WHO) has declared a new type of coronavirus outbreak as a global emergency after the number of cases increased more than tenfold in a week, while the number of deaths increased to 213 more people. The Chinese health commission reported on Friday (01/31), confirmed the infection cases had reached 9,692 cases.

18 other countries have since reported cases of corona virus infection. Scientists are trying to understand how the virus actually spreads and how severe. While, experts say there is significant evidence that the virus is spreading among humans in China and has noted with alarming examples in other countries – including the United States, France, Japan, Germany, Canada, South Korea, and Vietnam.

Today, President Widodo is scheduled to inaugurate underpass Yogyakarta International Airport during his visit to the province. While, coordinator minister for maritime and investment, Luhut Panjaita will lead a coordination meeting Jakarta-Bandung medium speed train development at his office.

He also scheduled lead a coordination meeting on Indonesian oil lifting and meet Seifi Ghasemi, the CEO of Air Products. In addition, deputy minister of finance, Suahasil Nazara will attends the signing of a memorandum of understanding between tax office and state-owned power producer PT Perusahaan Listrik Negara.

Yesterday, British Prime Minister Boris Johson and United States (US) secretary of State Mike Pompeo meet at Downing Street discussed a range of bilateral and foreign policy issues. The meeting The meeting was held in order to establish cooperation between the two countries after the United Kingdom left the European Union.

On Thursday, Indonesian Rupiah closed down 0.17 percent to 13,657 a US Dollar and the Jakarta Composite Index (JCI) also dropped 0.90 percent at 6,057.59 compared to prior day. For today, some analyst rated the domestic market will be tested, after the World Health Organization (WHO) announced a global emergency related to the spread of the deadly corona virus from China.

The negative sentiment from the spread of the coronavirus is getting stronger, they adds. The issue of the corona virus is expected to hit a number of currencies, due to its strong impact on the Chinese economy.

Based on the various data, they projects the local currency will move in the range of 13,600 – 13,740 over the Greenback and the stock index between 6,002 – 6,254.

Stocks to be watch for today are PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Central Asia Tbk (IDX: BBCA), PT Unilever Indonesia Tbk (IDX: UNVR), PT Gudang Garam Tbk (IDX: GGRM), PT HM Sampoerna Tbk (IDX: HMSP), PT Telkom Indonesia Tbk (IDX: TLKM), PT Astra International Tbk (IDX: ASII), PT Wijaya Karya Tbk (IDX: WIKA), PT Kalbe Farma Tbk (IDX: KLBF), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Perusahaan Gas Negara Tbk (IDX: PGAS).

May you have a profitable day!

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