Democrat Party expect to draft two articles of impeachment against President Donald Trump - Photo by White House

JAKARTA (TheInsiderStories) – Good Morning! Democrat Party expect to draft two articles of impeachment against United States (US) President Donald Trump.

From Europe, Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskiy, agreed on several measures aimed at preserving efforts to curb violence in eastern Ukraine at the first meeting Normandy format since 2016. The two also met with French President Emmanuel Macron and German Chancellor Angela Merkel.

In Asia, China announced the creation of its long-planned national oil and gas pipeline company. According to Vice Premier Han Zheng said, the move marks a “key step” in China’ efforts to deepen reforms of its oil and gas sector.

It said, the government will merge the networks operated by its three state-owned giants under a single company. The government will also encourage local oil and gas pipeline firms to integrate with the national company in “market-orientated ways.

In Indonesia, various agenda held today. This morning, President Joko Widodo will attended the regional financial access acceleration by the Financial Services Authority. In noon, he will lead limited meeting on accelerating work-ready programs and social protection, strengthening the economy of the agriculture and fisheries sector, and implementing infrastructure programs.

From New Zealand, prime minister Jacinda Arden reported, during the volcano eruption five dead, 8 missing and feared dead. Some Tourists from Australia,  US, China, Britain and Malaysia among victims.

Yesterday, coordinating minister for maritime and investment affairs, Luhut Panjaitan confirmed that Widodo had tapped former communicationa nd information Rudiantara as the new CEO of state-owned electricity firm, PT Perusahaan Listrik Negara. He replace former CEO Sofyan Basyir after accused involved in bribery case.  

Surprisingly, founder of e-commerce platform Bukalapak Achmad Zaky stepped down as the CEO and to be replaced with Muhammad Rachmat Kaimuddin. The leadership succession, he added, will be made into effect on Jan. 6, 2020.

While, Bank Indonesia will published the October retail sales survey report. And, PT Indonesia Fibreboard Industry Tbk (IDX: IFII) listing today at the local bourse.

On the companies issues, state gas producer, PT Perusahaan Gas Negara (IDX: PGAS0 seeks US$400 Million funding to finance the 2020 capital expenditure pegged at $700 million. Other funds, finance director Arie Nobelta Kaban said, come froman internal cash of $300 million.

In addirtion, miner, PT Aneka Tambang Tbk (IDX: ANTM) will focus on boosting the completion of the nickel and bauxite commodity elimination project next year. And food and beverages producer, PT Campina Ice Cream Industry Tbk IDX: CAMP) eyeing a sales growth target of around 10 percent by 2020, higher than this year’s growth target of 7 percent.

On Monday, Indonesian Rupiah edged up 0.20 percent to the level of 14,010 per US dollar and the Jakarta Composite Index also closed up 0.11 percent to 6,193.79 levels compared to previous day. Today, the local currency and the stock index still have a room strengthening to level 13,995 to 14,100 compared to Greenback and 6,140 – 6,190, respectively.

Shares that can still be observed today are PGAS, PT Bank Danamon Tbk (IDX: BDMN), ANTM, PT Sri Rejeki Isman Tbk (IDX: SRIL), PT Indika Energy Tbk (IDX: INDY), PT Pakuwon Jati Tbk (IDX: PWON), PT United Tractor Tbk (IDX: UNTR), PT Astra International Tbk (IDX: ASII), and PT Bank Mandiri Tbk (IDX: BMRI).

May you have a profitable day!

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