JAKARTA (TheInsiderStories) – Good morning! As an effort to rein the tension between United States (US) and China, Trade Representative Robert Lighthizer are heading to Shanghai for a two-days meeting starting Tuesday (07/30). Treasury Secretary Steve Mnuchin expressed his optimism about next week’ trade talks with China.
According to him, there are still a lot of issues to resolved. He expect after Shanghai’ meeting this will be followed up with a meeting back in Washington DC. The meeting will be the first face-to-face meeting after President Donald Trump accused Beijing of reneging on its commitments.
In Britain, new prime minister Boris Johnson said the country must prepare for the possibility to leave the European Union (EU) in October without an agreement, if the block refuses to renegotiate the Brexit agreement. He wants to get a new exit agreement, even though the EU has repeatedly insisted it would not reopen the agreement reached last November with its predecessor Theresa May, he said in his first speech as leader at Downing Street.
One of the problems that prevented his predecessor May from getting a divorce agreement through parliament was the “obstacle” of Ireland, a provision that would keep the customs union with the EU if there was no better solution found. To implement the planned, Johnson will appoint Dominic Cummings, director of the Brexit campaign, as a senior adviser at Downing Street.
On Wednesday, US on blocked an attempt by Indonesia, Kuwait, and South Africa to get the United Nations (UN) Security Council to condemn Israel’ demolition of Palestinian homes on the outskirts of Jerusalem, diplomats said.
Is reported a Palestinian building blown up by Israeli forces in the village of Sur Baher which sits on either side of the Israeli barrier in East Jerusalem and the Israeli-occupied West Bank July 22. UN officials said 17 Palestinians faced displacement.
the Nigerian state oil company plans to renew contracts for the sale of crude oil with Indonesia which ended last year, part of a move to increase exports. Nigerian National Petroleum Corporation (NNPC) said it was interested in working with Indonesia’s state oil company, PT Pertamina on the planned.
Today, Minister Panjaitan again hold a meeting to discuss the development of the Greater Jakarta Light Rail Transit project with a number of ministers and representatives of Indonesian railroad companies. The government remains optimistic that the issue of land acquisition for the project can be resolved by the end of July.
From the automotive sector, the Indonesian Automotive Industries Association (GAIKINDO) targets that in 2025 it can produce as many as 2.5 million cars, from current targets 1.1 million units. In 2018, Indonesia managed to produce 1.3 million cars. The agency is optimistic that in 2025, Indonesia’ automotive exports can reach 1 million units.
Two public listed firm, PT Indosat Ooredoo Tbk (IDX: ISAT) and PT Garuda Indonesia Tbk (IDX: GIAA) are collaborating in an effort to optimize digital transformation through technology development in the service and operational lines.
Yesterday, the Jakarta Composite Index (JCI) ended in the red zone at 6,384.99 or fell 0.29 percent. With this, the composite index has never tasted the green zone until the third day of the week. Today the JCI will move in the range of 6,302 – 6,488.
The analysts recommended PT Kalbe Farma Tbk (IDX: KLBF), PT Mayora Indah Tbk (IDX: MYOR), PT Sari Roti Tbk (IDX: ROTI), PT Unilever Indonesia Tbk (IDX: UNVR), PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Astra International Tbk (IDX: ASII), PT HM Sampoerna Tbk (IDX: HMSP), PT Telkom Indonesia Tbk (IDX: TLKM), PT Sri Rejeki Isman Tbk (IDX: SRIL), and PT Alam Sutera Realty (IDX: ASRI) stocks to be watch.
On Wednesday, Indonesia Rupiah dropped to the level of Rp13,990 from the previous day’ trading at Rp13,980 over the Greenback.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia