The flight data recorder (FDR) of the Sriwijaya SJ-182 aircraft was found by the joint SAR team on Tuesday afternoon and the condition is no longer intact - Photo by Basarnas Office

JAKARTA (TheInsiderStories) – The flight data recorder (FDR) of the Sriwijaya SJ-182 aircraft was found by the joint SAR team on Tuesday afternoon and the condition is no longer intact.  The data in the FDR is very much needed to reveal the cause of the plane crash.

As reported, the Sriwijaya plane for the Jakarta – Pontianak route have lost contact on Saturday (01/09) afternoon after departing from Soekarno – Hatta Airport, carrying 62 passengers, consisting of six active crew, 40 adults, seven children, three babies and six crew as passengers.

While, senior minister, Luhut Binsar Pandjaitan, has met the China’ foreign minister Wang Yi on in Parapat, North Sumatra. Today, he will go to Jakarta to meet Indonesian foreign minister and hold an audience with the President Joko Widodo. The visit was part of his safari took to several Southeast Asian countries such as Myanmar, Indonesia, Brunei Darussalam, and the Philippines.

Still from the country, the government started a vaccination program for Indonesian citizens starting with President Widodo and other officials. The Drug and Food Control Agency has released a permit for the emergency use of the corona virus vaccine, aka the emergency use authorization or EUA permit for the Sinovac and PT Bio Farma vaccines, CoronaVac.

From the United States (US), Democrat party prepare to impeach President Donald Trump today under the 25th Amendment of the Constitution, event vice president Mike Pence refusing. The American leader faces one charge for incitement of insurrection, and the debate on the resolution is expected to begin tomorrow with a vote to follow.

At the same day, the country has schedule to releases headline inflation for December. Consensus calls for a 0.4 percent bump from the previous month’ 0.2 percent. The monthly budget statement are also due and look for commentary on how the continued pandemic and initial vaccine distributions affected outlooks and hiring trends.

Yesterday, Indonesian Rupiah slightly weakened 0.04 percent to 14,300 versus the American Dollar and the Jakarta Composite Index (JCI) strengthened 0.2 percent to 6,395 from Monday. The Analysts assessed that the strengthening of the US Dollar will still be a sentiment that will put pressure on the movement of both of them because US dollar bond yields are still on an upward trend.

In addition, fears of the spread of the COVID-19 and political uncertainty in the US are still sentiment in favor of the Greenback. The reports that the US’ State Budget deficit of up to US$2.3 trillion has made the need for US Dollars continues to rise.

According to them, its impossible for the Federal Reserves to finance the needs and make the availability of the US Dollar thinning out. With these various information, the Rupiah will be trading in the range of 14,100 – 14,300 per US dollar and JCI between 6,430 – 6,560.

Stocks to be watch are PT Bank Negara Indonesia Tbk (IDX: BBNI), PT United Tractors Tbk (IDX: UNTR), PT AKR Corporindo Tbk (IDX: AKRA), PT Pakuwon Jati Tbk (IDX: PWON), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Adaro Energy Tbk (IDX: ADRO), PT Bank Syariah Indonesia Tbk (IDX: BRIS), and PT Bank Mandiri Tbk (IDX: BMRI).

May you have a profitable Day!

Written by Linda Silaen, Please Read Our News to Get More information about Indonesia