JAKARTA (TheInsiderStories) - Good Morning! For the second time of his term, President Joko Widodo will reshuffle his cabinet today along with the formation of two new ministries. The investment ministry is reportedly being held by Bahlil Lahadalia and the education, culture, research and technology ministry by Nadiem Makarim.
While, Bambang Brodjonegoro is reported to have resigned from his current position as a member of the “Indonesia Maju” cabinet. The head of state also form a National Research and Innovation Agency which will be commanded by Laksana Tri Handoko.
On Tuesday, Densus 88, the National Police’ special anti-terror detachment, has arrested Munarman, former general secretary of the now-disbanded Front Pembela Islam. He was arrested under suspicions of mobilizing people and having malicious consensus to commit crimes of terrorism, as well as withholding information.
From the United States (US), Federal Reserves (Fed) has an agenda to announces their latest monetary policy and the current economic condition. No big surprises are expected in the central bank’ decision today but markets waiting the comments from the chairman, Jerome Powell.
In Asia, Japan COVID-19 death toll topped the 10,000-mark. Previously the country was declared third state of emergency in Tokyo and the western prefectures of Osaka, Kyoto and Hyogo. Recently, the World Health Organization has said that a variant of COVID-19 feared to be contributing to a surge in coronavirus cases in India has been found in over a dozen countries.
Then, the United Nation’ health agency said the B1617 variant of COVID-19 first found in India had been detected in over 1,200 sequences uploaded to the GISAID open-access database “from at least 17 countries”. The agency listed the new variant as a “variant of interest”.
That label would indicate that it is more dangerous that the original version of the virus by for instance being more transmissible, deadly or able to dodge vaccine protections.
Yesterday, Indonesian Rupiah weakened 0.05 percent to 14,497 per US Dollar and the Jakarta Composite Index (JCI) fell 0.09 percent to 5,959.62 compared to the previous day. The analysts rated investors will consolidate their positions ahead of the Fed’s decision.
In the country, the central government continues to closely monitor the Jakarta area, which is currently experiencing an increase in the transmission of the infection cases, especially in office clusters. Transmission occurs because employees are increasingly oblivious to health protocols when doing activities outside the office.
With this information, it is predicted that JCI has the potential to be under pressure for some time to come and the local currency will fluctuate. Commodity prices also provide sentiment for the movement of the two.
The rupiah will move in the range of 14,470 - 14,500 per US dollar and the JCI is between 5,820 - 6,100. Stocks to be watch for today are PT Bank Mandiri Tbk (IDX: BMRI), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Vale Indonesia Tbk (IDX: INCO), PT Adaro Energy Tbk (IDX: ADRO), PT Bank Central Asia Tbk (IDX: BBCA), PT Aneka Tambang Tbk (IDX: ANTM), PT Astra International Tbk (IDX: ASII), PT Bukit Asam Tbk (IDX: PTBA), and PT Bank Rakyat Indonesia Tbk (IDX: BBRI) .
May you have a profitable Day!
Written by Linda Silaen and Editorial Team, Please Read Our News to Get More information about Indonesia
