Indonesian President Joko Widodo and President of Argentina Mauricio Macri - Photo by President Office

JAKARTA (TheInsiderStories) – Good Morning! Today, Indonesian President Joko Widodo welcome Argentina‘ President Mauricio Macri in Bogor Palace. At the same time, the official of both countries will establishe Working Group on Trade and Investment.

Argentina is an important partner for Indonesia, one of them as the entrance of Indonesian products to the Latin American market. Based on government data, in 2018 Indonesia’ main export to Argentina namely footwear (US$71.47million), rubber and rubber products ($46.79 million), as well as machinery and electrical equipment ($46, 3million).

On Tuesday (06/25), Widodo invited major businessmen in Indonesia to invest in Mandalika Special Economic Zones, in West Nusa Tenggara. The project need investment costs around Rp13 trillion ($915.49 million). He said, the entrepreneurs who are interested in working on the tourism project will get income and investment with certain values.

Industry association reported Indonesia’ motorbike sales dropped 4.7 percent on annual basis from 598,372 units to 561,657 units in May. While, car sales almost stagnant from 84,029 units in April to 84,146 units in May.

Starting today, Forum Pembela Islam (FPI) will hold a peaceful action to support the Constitutional Court to make a good judgement on the 2019 presidential election dispute. The court will announce the decision of the opposition lawsuit on Thursday (06/27).

Iran supreme leader Ali Khamaeni condemned fresh United States (US) sanctions on Tehran an called President Donald Trump “mentally retarded.” Yesterday, Trump signed an executive order to reject Iran‘ supreme leader Ruhollah Ali Khamaeni and his associates access to US’ key financial resources and support. The new sanctions to implementing since Monday.

In the meeting with Malaysian prime minister Mahathir Mohammad, Managing Director International Monetary Fund Christine Lagarde concluded the resilience of Malaysian economy has again been evident in the face of the recent external shocks. She also rated the country has managed to continue delivering robust growth thanks to a diversified production and export structure, low and stable inflation, and fiscal discipline.

Indonesian Rupiah closed at 14,125 against US Dollar or slightly higher than prior day 14,186. This morning the local currency open at 14,165 against the Greenback.

US$1: Rp14,200

May you have a profitable day!

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