JAKARTA (TheInsiderStories) – Good Morning! A top Democrats in the United States (US) Senate and House of Representatives filed a joint US$1.9 trillion budget measure on Monday before President Joe Biden met with Republican senators. It would mark the first time congressional Democrats used the maneuver to flex their legislative muscle.
Earlier, the Republican senators have proposed a scaled-down $618 billion relief package. Biden more likely to bypass Republicans on the COVID-19 stimulus aid after lowball offer by the Republicans.
In asia, after the Myanmar military announced had taken control of the country and declared a one-year emergency status, the commander-in-chief General Min Aung Hlaing said the military would hand over power to the winner of the election. He has appointed the acting President U Myint Swe
In a new National Defense and Security Council meeting, Hlaing said that when taking over the country, the military would follow the provisions of the 2008 Constitution drafted by the military and existing laws not to violate that. As reported Aung San Suu Kyi, Myanmar President Win Myint and other NLD leaders were arrested by the military on Monday.
While, Malaysia is expected to receive the first stage of the Pfizer-BioNTech COVID-19 vaccine on Feb. 26. In November, the country had agreed to buy 12.8 million doses of the vaccines, which was jointly developed by US drug-maker Pfizer and German partner BioNTech.
Furthermore, Iran’ foreign minister Mohammad Javad Zarif asked the European Union (EU) to coordinate a synchronized return of both Washington and Tehran into a nuclear deal. He urged that EU foreign policy chief, Josep Borrell, should play a role in his position of coordinator of the 2015 agreement, which also included Britain, France, Germany, Russia, and China.
On Monday, Indonesian Rupiah slightly up by 0.05 percent to 14,023 per US Dollar and the Jakarta Composite Index (JCI) closed up 3.5 percent at 6,067.54 levels compared to the previous day. The analysts assess, the move of both instruments supported by advances in vaccination program after AstraZeneca agreed to increase the number of production in Europe.
However, a limited economic data will make the two moves in the sideways territory. With this information, the local currency is expected to move in the range of 14,020 – 14,100 against the Greenback and the stock index between 5,844 – 6,179.
Stocks that can be watched today are PT Aneka Tambang Tbk (IDX: ANTM), PT Bukit Asam Tbk (IDX: PTBA), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Waskita Karya Tbk (IDX: WSKT), and PT PP Tbk (IDX: PTPP).
Then, PT Gudang Garam Tbk (IDX: GGRM), PT Semen Indonesia Tbk (IDX: SMGR), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), and PT Wijaya Karya Tbk (IDX: WIKA).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia