JAKARTA (TheInsiderStories) - Good Morning! Indonesia will receive round 23.1 million doses of COVID-19 vaccine produced by AstraZeneca starting first quarter of 2021 as part of the COVAX Facility scheme, co-led by GAVI, CEPI, and the World Health Organization. The AstraZeneca vaccine can be administered to people aged 60 years and above.
Yesterday, the country received raw ingredients to produce 11 million doses of the inactivated virus vaccine from Chinese drug-maker Sinovac, bringing the total doses shipped in ready-for-use form to 3 million and bulk form to 26 million in four shipments.
State pharmaceutical firm, PT Bio Farma, was scheduled to receive 140 million bulk doses in several shipments by November 2021. The plan now is to speed up the shipments by four months. On Tuesday, the task force for COVID-19 prevention reported 10,379 new COVID-19 cases, 304 more deaths, and
Then, National Transportation Safety Committee has sent five components of a crashed Sriwijaya Air jet to the United States and United Kingdom for examination. Boeing 737-500 crashed into the Java Sea shortly after takeoff from Jakarta on Jan. 9, killing all 62 people.
In Asia, India’ finance minister, Nirmala Sitharaman, proposed a doubling of healthcare spending and further opened up its insurance market to foreign investors. Prime Minister Narendra Modi’ administration proposed increasing healthcare spending to 2.2 trillion Indian rupees (US$30.16 billion) that will include setting up of health infrastructure and vaccinating the country’ 1.3 billion people.
While, tensions in the region near Taiwan spiked after six Chinese fighter aircraft and one United States (US) reconnaissance aircraft entered the southwestern corner of Taiwan’ air zone on Sunday. The escalation follows China’ sharp criticism last week of foreign forces supporting Taiwan’ independence.
In addition, Vietnam’ ruling Communist Party formally approved their ambitions to raise economic growth beyond an annual 6 percent in the pre-pandemic era to 6.5 - 7.0 percent for the 2021 - 2025 period. It said it would boost its growing role as a key manufacturing hub for global giants as well raise the country’ profile beyond a low-cost labour destination to a centre for science and technology.
In US, President Joe Biden advanced talks with Republican senators overnight to further his US$1.9 trillion COVID-19 relief plan. As reported, the Donald Trump’ party want to slice the stimulus fiscal to a smaller number.
On Tuesday, Indonesian Rupiah slightly weakened 0.01 percent to 14,025 per US dollar and the Jakarta Composite Index (JCI) was corrected by 0.39 percent to a level of 6,043.84 compared to the previous day. The analysts said that market players were still waiting for the release of Indonesia’s gross domestic product data which will be released on Friday.
From the external side, the market will still pay attention to developments of the US stimulus bill. However, the high number of positive cases of Covid-19 in Indonesia is also a risk.
With this information, Rupiah is expected to move in the range 13,900 - 14,100 against the American Dollar and the JCI between 5,900 to 6,050. Stocks that can be watch for today are PT London Sumatra Indonesia Tbk (IDX: LSIP), PT Sarana Menara Nusantara Tbk (IDX: TOWR), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Wijaya Karya Tbk (IDX: WIKA), and PT AKR Corporindo Tbk (IDX: AKRA).
Then, PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Gudang Garam Tbk (IDX: GGRM), PT Telkom Indonesia Tbk (IDX: TLKM), and PT Bank Negara Indonesia Tbk (IDX: BBNI).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
