JAKARTA (TheInsiderStories) – Good Morning! The World Health Organization (WHO) confirmed there is an “emerging evidence” of airborne transmission of the COVID-19. The official said that the agency has discussed and collaborated with many on the scientists before make the announcement.
On Wednesday, Indonesian government reported its biggest single-day increase in new cases, with 1,853 infections, taking the case totaling 68,079. While, the total number of fatalities recorded 3,359 and recovered 31,585.
In Asia, China’ foreign ministry said would respond to a United States (US) travel ban. On Monday, secretary of state, Mike Pompeo said, that his country would restrict visas for officials who were found to be obstructing travel to Tibet by US diplomats, journalists and tourists.
From Britain, the government prepared a voucher scheme to support the struggling hospitality sector. It means meals will be up to 50 percent off. The country also set a new GBP2 billion (US$2.53 billion) scheme to create thousands of job placements for young people. Then, six month cut to value added tax on food, accommodation and attractions from 20 percent to 5 percent.
In the country, President Joko Widodo will visits the food estate in Central Kalimantan as a foundation for food security for Indonesia. While, finance minister, Sri Mulyani Indrawati has meeting with budget committee to finalizes the 2021 State Budget. In addition, senior economic minister, Airlangga Hartarto, lead the coordination meeting on the National Economic Recovery Program.
On Tuesday, Indonesian Rupiah jumped 0.21 percent to the level of Rp14,410 per US Dollar and the Jakarta Composite Index rose 1.79 percent to 5,076.17 compared to previous day. Analysts said the strengthening of the two are inseparable from the positive sentiment on the increase of foreign exchange reserves.
For your information, Indonesian reserves have increased in the last three months. In June 2020, foreign exchange reserves reached US$131.7 billion, up from May’ position of $130.5 billion.
They projected that the Rupiah could strengthen again today if inflation data and the China production price index were better than market participants predicted. Market participants are also currently responding positively to burden sharing between Bank Indonesia and the government.
For today, the observers sees, the Rupiah move between 14,375 – 14,550 versus the US Dollar and the JCI between 5,000 – 5,100. Shares that can be considered today are PTPP, SCMA, JSMR, PT Bank Central Asia Tbk (IDX: BBCA), PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT PP Tbk (IDX: PTPP), and PT Astra International Tbk (IDX: ASII),
Then, PT Surya Citra Media Tbk (IDX: SCMA), PT PT Merdeka Copper Gold Tbk (IDX: MDKA), PT Pakuwon Jati Tbk (IDX: PWON), PT Aneka Tambang Tbk (IDX: ANTM), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT United Tractors Tbk (IDX: UNTR), PT Jasa Marga Tbk (IDX: JSMR), and PT Pabrik Kertas Tjiwi Kimia Tbk (IDX: TKIM).
May you have a profitable Day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our News to Get More information about Indonesia