JAKARTA (TheInsiderStories) - Good Morning! Indonesian government poised to begin its mass COVID-19 inoculation drive starting with Coronavac vaccines on Jan. 13. But the drug needs to be approved through an emergency-use authorization from the regulator.
President Joko Widodo, will be the first person in Indonesia to receive a shot of the vaccine in a bid to assure the public that the vaccine is safe. In the next days, public officials, health workers, and religious leaders would begin to be inoculated nationwide, he added.
While, the government has pocketed the issuance of Rp41 trillion (US$2.93 billion) in the first state bonds tender earlier this year. Furthermore, the finance ministry will conduct regular auction on January 19. The government is optimistic that market conditions will remain conducive to supporting the fulfillment of 2021 State Budget financing.
Globally, Saudi Arabia give a surprised a crude oil production cut by 1 million barrels a day starting this month but uncertainty over the outcome of the Georgia election run-offs. Gains were kept in check as investors awaited results from the Georgian runoff elections that holds the key to control of the United States (US) Senate.
Still from US, the Federal Open Meeting Committee has an agenda to release December meeting minutes today. On the economic front, manufacturing activity rose to a more than two-year high, as the ongoing pandemic continues to have a limited impact on growth.
On Tuesday, Indonesian Rupiah was corrected 0.14 percent to 13,915 per US Dollar and the Jakarta Composite Index (JCI) closed up 0.53 percent to 6,137.34 compared to the previous day. The analysts rated that the movement of both instruments influenced by the the results of the second round of Senator elections in Georgia.
Also affected by a surge in positive cases of the COVID-19, the emergence of a mutated type of the virus. The mutation made British’ Prime Minister Boris Johnson reintroduce a lockdown policy.
Investor also awaiting the results the Federal Reserve minutes. Cleveland Federal Reserve Bank’ president, Loretta Mester, said on Monday, that monetary policy will remain accommodative for some time leading up to the release.
In the country, the government is optimistic that economic recovery will occur in this year and can reach 5 percent based on a number of international institutions predictions. The World Bank estimates that the domestic economic growth will reach 4.4 percent, International Monetary Fund 6.1 percent, and the Asian Development Bank at 5.3 percent.
In addition, the news of the distribution of the vaccine that has reached all of Indonesia has also become one of the sentiments that have emerged in the country. With these various information, the JCI is estimating move in the range of 6,009 - 6,248 and the Rupiah between 13,900 to 13,960 versus the Greenback.
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May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
