JAKARTA (TheInsiderStories) - Good Morning! The Food and Drug Supervisory Agency has issued a Lot Release certificate for 1.2 million vaccines from the first arrival on Dec. 6 and will soon issue same certificate for the 1.8 million vaccines coming on Dec. 31, 2020, before releases an emergency use authorization (EUA) permit. The certificate is an important requirement to comply the requirement standard set by the World Health Organization.
The process of accelerating the issuance of the EUA will carry out after data held by the pharmaceutical industry can be submitted in stages. It has also evaluated preclinical test data, phase 1 and phase 2, and phase 3 clinical trials to assess the safety and immune response of vaccine use.
Currently, the agency is still waiting for the completion of the phase 3 clinical trial data analysis in Bandung, West Java, to confirm the efficacy of the Coronavac vaccine in the context of EUA issuance. While, Indonesia will release radical cleric and alleged mastermind of the 2002 Bali bombings, Abu Bakar Basyir, from prison on Friday morning, upon completion of his jail term since 2011.
The 82-years old man is considered the spiritual leader of the al Qaeda-linked Jemaah Islamiah (JI) network. The organization is accused of plotting several big attacks in Indonesia and includes operatives trained in Afghanistan, Pakistan and the southern Philippines.
In Asia, Cambodia has started reopening schools and museums as it relaxes a six-week lockdown following a COVID-19 outbreak. The country of just over 16 million people, one of the least impacted by the virus with just 382 infections and no deaths since the beginning of the pandemic.
While, Iran’ Revolutionary Guards Corps have seized A South Korean-flagged tanker in the Persian Gulf, with the country accusing it of “environmental pollution” in the waters. The vessel was carrying 7,200 tones of ethanol and had crew members from South Korea, Indonesia, Vietnam and Myanmar.
According to Iranian media, the tanker is being held at Bandar Abbas port. South Korea’ foreign ministry has demanded the release of the tanker, and forces stationed in the Strait of Hormuz have been dispatched to the area.
In the United States (US), a couple of officials from the Federal Reserve are scheduled for speeches today, a day before the central bank issues the minutes of its last meeting of 2020. Chicago Fed President Charles Evans and New York Fed President John Williams is scheduled to appear in a virtual meeting this noon. At the same day, the industry will release its weekly estimate for crude investors.
From Europe, British’ Prime Minister, Boris Johnson, announced to lock the country again for the third time until Feb. 15 amid warnings of a hospital capacity crisis announced by the National Health Service. Data shows new infections surging past 50,000 per day and more people in hospital than at the time of the virus’ first peak last April.
On the commodity issues, oil price dropped the most in two weeks after the OPEC+ have not decided wether to keep the production or not in the first day and will continue the meeting today. Saudi Arabia opposed Russia’ proposal for another 500,000 barrels output increase in February. Yesterday, West Texas Index crude price dropped 1.9 percent to US$47.82 a barrel.
On Monday, Indonesian Rupiah closed down 1.43 percent to 13,903 agains the American Dollar and the Jakarta Composite Index (JCI) strengthened 2.10 percent to 6,104.90 compared to prior day. The analysts assessed that investors are still worried about the number of COVID-19 cases and the vote count results in the state of Georgia that will determine control of the senate seats.
However, the early stages of the vaccine rollout have sparked optimism around the economic recovery trajectory and oil has emerged as the preferred trade to hedge inflation. According to them, there are signs that the lockdown in some countries will be extended, potentially limiting oil demand.
Britain is on lockdown due to the third spread of the coronavirus and Germany is ready to extend tougher measures after January 10, while Japan is considering another state of emergency for the Tokyo area. With so many restrictions on mobility still in sight, the outlook for gasoline and diesel demand will get worse before it gets better.
With the various information the Rupiah its expecting move in the range 13,820 tp 13,955 a US Dollar and the JCI between 6,060 to 6,151. The stocks to be watch for today are PT Bank Mandiri Tbk (IDX: BMRI), PT AKR Corporindo Tbk )IDX: AKRA), PT HM Sampoerna Tbk (IDX: HMSP), and PT Perusahaan Gas Negara Tbk (IDX: PGAS).
Then, PT Aneka Tambang Tbk (IDX: ANTM), PT Adaro Energy Tbk (IDX: ADRO), PT Telkom Indonesia Tbk (IDX: TLKM), PT Vale Indonesia Tbk (IDX: INCO), and PT Timah Tbk (IDX: TINS) shares.
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
