Deputy health minister, Dante Saksono Harbuwono, announced a new variant of COVID-19 had been detected in Indonesia - Photo by President Office

JAKARTA (TheInsiderStories)  Good Morning! Deputy health minister, Dante Saksono Harbuwono, announced a new variant of COVID-19 had been detected in Indonesia. This variant is a mutation of Sars-CoV-2 which was first discovered in England.

The government had reviewed 462 positive cases throughout the country that were suspected as cases of the virus mutation for the last few months. The result showed that there were two cases

While, ten million doses of the COVID-19 vaccine raw material from Sinovac, arrived in Indonesia. With the fifth arrival, the government has brought in 38 million doses of vaccine from the Chinese drug-maker. The vaccines will be used to support a free mass vaccination program for 181.5 million people.

The vaccine produced by Sinovac had received an emergency use permit from the health regulator. Apart from procuring the vaccine from Sinovac, the government has also obtained commitments to procure vaccines from a number of other pharmaceutical companies, namely AstraZeneca, Pfizer-BioNTech, and Novavax.

From United States (US), President Joe BIdden aims to vaccinate every adult in the nation by the end of May, two months earlier than previously expected. He also ordered to prioritize the vaccinations for teachers and called for every educator to receive at least one shot by the end of March to ensure children could return to school quickly and safely.

The American leader also announced that Merck & Co Inc., will help Johnson & Johnson (NYSE: JNJ)’ single-shot COVID-19 vaccine. With three vaccines now available, he was confident there would be enough vaccines available for each adult in the US.

On Tuesdau, Bidden’ administration imposed sanctions on Russia due to a number of government officials are said involved in an attempt to poison opposition leader Alexei Navalny with nerve agents last year. The sanctions were imposed on seven senior Russian officials, including the head of the Federal Security Service in addition to 14 agencies or companies.

From Europe, the largest economy, Germany, is also planning to reopen non-essential shops in areas with low infection rates, loosening a lockdown that has been in place since December. Most restrictions will stay in place through March 28 however. And, President Emmanuel Macron says France needs another 4 – 6 weeks before loosening its stance.

In Asia, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission and Party secretary, warned that the risk of bubbles in global markets and the Chinese housing sector was also looking stretched. He said that European and US markets were heading in the opposite direction from their underlying economies and were due for a correction. His comments triggered a sell-off in Chinese markets.

In the commodity market, crude oil prices dipped along with those of other commodities in what still appears to be a correction from over-extended levels after sharp gains in recent weeks. This morning, West Texas Index down 0.1 percent to US$59.75 a barrel and Brent crude oil futures fell by 0.3 percent.

Yesterday, Indonesian Rupiah weakened 0.49 percent to 14,325 versus the American Dollar and the Jakarta Composite Index (JCI) rose 0.33 percent to 6,359 compared to the previous day. The analysts believe that market players are watching the non-manufacturing indexes from Japan, China, Germany, the Euro Area, Britain and the US which are scheduled to be released on today.

As the result, they projected Rupiah will move in the range of 14,225 – 14,300 versus the US Dollar and the JCI between 6,209 – 6,382. Stocks that can be monitored for today are PT Gudang Garam Tbk (IDX: GGRM), PT Bank Syariah Indonesia Tbk (IDX: BRIS), PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Central Asia Tbk (IDX: BBCA), PT Astra International Tbk (IDX: ASII), PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP), PT Unilever Indonesia Tbk (IDX: UNVR), and PT HM Sampoerna Tbk (IDX: HMSP).

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team. Please Read Our News to Get More information about Indonesia