President United States (US) Joe Bidden will signs a US$1.9 trillion COVID-19 relief bill after House of Representatives gave final approval on Wednesday - Photo by the White House

JAKARTA (TheInsiderStories) – Good Morning! President United States (US) Joe Bidden will signs a US$1.9 trillion COVID-19 relief bill after House of Representatives gave final approval on Wednesday. The goal provides for $1,400 direct payments to most Americans, $350 billion in aid to state and local governments, an expansion of the child tax credit and increased funding for vaccine distribution.

Labor department also reported the consumer prices increased 0.4 percent in February after rising 0.3 percent in the previous month. Until last month, the consumer price index shot up 1.7 percent, the largest rise since February 2020 at 1.4. While, gasoline prices also surged 7.4 percent, food prices climbed 0.2 percent compared to January.

On bilateral side, US’ treasury secretary, Janet Yellen, has phone call with finance minister Sri Mulyani Indrawati, underscored her desired to deepen regional and multilateral cooperation with Indonesia earlier this week. She wants to expand ties between the two countries to address challenges such as COVID-19 pandemic and global efforts to address the threat of climate change.

From Europe, the governing council of the European Central Bank monetary policy on Thursday. Then from Asia, China lawmakers has an agenda to vote on Hong Kong’ electoral system changes today. The changes include a pre-requisite that potential lawmakers and officeholders will have to be loyal to Beijing.

Furthermore, President Xi Jinping, said China‘ military must be prepared to respond to difficult and complex situations when the country is faced with security challenges. In addition, the Japanese government decided that this international sporting event “Tokyo Olympics” would be closed to viewers from abroad to prevent the spread of the virus.

Yesterday, Indonesian Rupiah closed down to 14,395 versus the Greenback and the Jakarta Composite Index (JCI) strengthened 1.05 percent to 6,264.68 compared to previous day. No transaction today in Indonesia caused of the national holiday.

May you have a profitable day!

Written by Linda Silaen and Editorial Team. Please Read Our News to Get More information about Indonesia