JAKARTA (TheInsiderStories) - Local media reported that the Corruption Eradication Commission arrested the minister of maritime and fisheries minister, Edhy Prabowo, on Wednesday morning, due to corruption in the lobster seeds or fries exports. He was arrested at Soekarno-Hatta Airport after returning from a trip to the United States (US).
Then, the ministry of state own enterprises has prepared a data and information system to support the implementation of COVID-19 vaccination led by PT Telkom Indonesia Tbk (IDX: TLKM) together with a number of pharmaceutical SOEs. The processed data will later produce a list of residents who are eligible for vaccination by the government who are eligible for independent vaccination.
This morning, President Joko Widodo will submit a list of project budget, village funds and transfers to the regions for 2021. The government has provided a budget of IDR 795.48 trillion in the 2021 State Budget for the three programs.
From US, the Federal Open Market Committee has schedule to releases their minutes meeting today. The country will also reported the third-quarter economic growth the initial jobless claims after spiked last week amid the jump in COVID-19 cases,
There is also durable goods orders, new home sales and the University of Michigan Sentiment reading. While, investor hopes for an orderly transition of power after President-elect Joe Biden sent his transition into the Oval Office and to approve of former Federal Reserve chair, Janet Yellen as his treasury secretary nominee.
From the commodity market, oil prices jumped 4 percent to their highest since the pandemic begun, on optimism over the demand outlook for 2021. On Tuesday, West Texas Index crude oil price rose 4.3 percent after settling higher at $44.911 a barrel.
But, the news from the American Petroleum Institute that US’ crude inventories rose by 3.8 million barrels after a build of 4.2 million barrels the previous week will give negative sentiment to the market, according to the analyst.
Yesterday, Indonesia Rupiah weakened 0.06 percent to 14,140 per US Dollar and the Jakarta Composite Index (JCI) closed up 0.85 percent to 5,701.03 compared to the previous day. On Wednesday, the JCI is expected to move between 5,628.44 to 5,715.74 and Rupiah in the range of 14,135 - 14,150.
Stocks to be watch for today are PT Unilever Indonesia Tbk (IDX: UNVR), PT Barito Pacific Tbk (IDX: BRPT), PT XL Axiata Tbk (IDX: EXCL), PT Indomobil Sukses International Tbk (IDX: IMAS), PT Indika Energy Tbk (IDX: INDY), PT United Tractor Tbk (IDX: UNTR), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Bukit Asam Tbk (IDX: PTBA), and PT PP Tbk (IDX: PTPP).
May you have a profitable Day!
Written by Linda Silaen, Please Read Our News to Get More information about Indonesia
