JAKARTA (TheInsiderStories) – Good Morning! Indonesian government has freed the cleric connected to Bali Bombing, Abu Bakar Ba’asyir from the Gunung Sindur prison in West Java. He was a convict for a criminal act of terrorism or violates with a 15 years sentence.
Now, the radical leader was handed over to the family and in the journey to his residence in Sukohardjo in Central Java. The 82-year old man is widely considered to be the spiritual leader of Jamaah Islamiyah, a group connected to Al-Qaeda, that was blamed for the attack that killed 202 people.
Still from the country, deputy governor of Jakarta, Ahmad Riza Patria, stated that Anies Baswedan will issue a governor regulation concerning a more stringent large-scale social restriction. He said that the governor regulation will streamline the transitional restriction policy implemented by the central government starting Jan. 11 to 25.
In United States (US), the Congress formally affirmed Joe Biden’ victory after a pro-Donald Trump mob assaulted the Capitol on Wedneday. Followed the riot, some of government leaders and cabinet officials callTrump removal and several White House staffers have resigned.
At the same day, US reported the trade deficit jumped to US$68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. The gap between what the country buys from abroad compared to what it sells rose by 8 percent from the October deficit of $63.1 billion.
In Asia, Japan Japanese Prime Minister, Yoshihide Suga, declared a one-month state of emergency in Tokyo and surrounding areas starting today until Feb. 7. He urged the residents of the capital to avoid going out and asking bars and restaurants to close by 8 p.m. amid a record surge in COVID-19 infections.
The emergency will cover the capital and three neighbouring prefectures of Kanagawa, Saitama and Chiba – a region home to about 30 percent of the country’ population.
Yesterday, Indonesian Rupiah closed down 0.11 percent to 13,910 versus the American Dollar and the Jakarta Composite Index (JCI) soared 1.45 percent to 6,153.63 from the prior day. The analysts assess that one of the factors that depress the rupiah’s value is the re-imposition of restrictions on community activities in the Java and Bali regions.
Various countries in the world have also tightened their efforts to reduce positive cases of COVID-19. This tightening is considered to have a fatal effect on public consumption which will lead to a contraction in economic growth in the first quarter of 2021 in the range of 1 percent to 2 percent.
It means, the economic growth projection predicted by the government of 5 percent is unlikely to be achieved. In addition, the government predicts economic growth in 2020 will still be 3.49 percent.
From abroad, the victory of two Senatorial candidates in the Georgia election paved the way for Biden to push his legislative agenda, including more stimulus measures, when his government takes office on January 20. This is considered to have a good impact on global economic growth and for most risk assets.
With these various information, the Rupiah is estimated to move between 13,840 – 13,950 per US Dollar and the JCI is in the range of 6,107 – 6,199. Stocks to be watch for today are PT Semen Indonesia Tbk (IDX: SMGR), PT Bank Central Asia Tbk (IDX: BBCA), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Bank Negara Indonesia Tbk (IDX: BBNI), and PT AKR Corporindo Tbk (IDX: AKRA).
Then PT Aneka Tambang Tbk (IDX: ANTM), PT United Tractors Tbk (IDX: UNTR), PT Medco Energi Internasional Tbk (IDX: MEDC), PT Vale Indonesia Tbk (IDX: INCO), and PT Timah Tbk (IDX: TINS).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia