JAKARTA (TheInsiderStories) – Good morning! After saying a sanction will be imposed on two Chinese shipping companies accused of violating North Korea trade prohibition, United States (US) President Donald Trump intended to reverse what he previously stated.
Trump tweeted: “It was announced today by the US Treasury that additional large scale sanctions would be added to those already existing Sanctions on North Korea. I have today ordered the withdrawal of those additional Sanctions!”
On opposite, official said that the penalties against the Chinese companies hadn’t been reversed, but the US wouldn’t pursue additional sanctions against North Korea. There were no additional North Korea sanctions in the works at the time.
Furthermore, next move of Brexit will be decided this week. United Kingdom (UK) House of Commons’ third vote is possibly going to be held on Thursday. It said, Prime Minister Theresa May would offer another version of Brexit deal to the parliament.
But it is still unlikely, because May won’t bring the deal to parliament unless she’s confident in getting vote for. Prior to that, parliament will vote on alternatives to May’ Brexit deal on Wednesday.
They will debate and vote to change domestic law to reflect the changes to the Brexit timetable that are already enshrined in international law. An official said that the process for finalizing a plan will probably take more than one round of voting.
While, in the delay agreed with the European Union, May must get a new deal approved on April 12, so Brexit can be implemented on May 22. But it seems that more time is needed to pass domestic legislation.
In the country, retail sharia bond or SUKUK SR-011 series demands exceeded expectation, with Rp21.11 trillion (US$1.49 billion) sales. It is more than twice higher than government’s target at Rp10 trillion. Yield of the SUKUK is 8.05 percent.
On average, the purchase value is Rp603 million. It is also the highest on sales volume that reached 44.5 percent.
This year, government has received Rp28.25 trillion from three state securities. Those are saving bond retail SBR-005, saving SUKUK ST-003, and retail SUKUK SR-011.
Market is now worrying the threat of US recession. Previously, US Treasury Department data signaled recession, seen from the yield of its treasury bonds. But Bank Indonesia sees that US economy is still solid with a chance to be biased downward.
Indonesian Rupiah regained strength against US Dollar after days of weakening. It appreciated by 0.36 percent. Jakarta Composite Index increased by 0.91 percent to 6,469.99 with Rp338.86 billion foreign net buys.
May you have a profitable day!