General Election Commission confirmed that Joko Widodo - Ma'ruf Amin pair wins the 2019 presidential elections against Prabowo Subianto - Sandiaga Salahuddin Uno - Photo: Special

JAKARTA (TheInsiderStories) — Good morning! General Election Commission confirmed that Joko Widodo – Ma’ruf Amin pair wins the 2019 presidential elections against Prabowo Subianto – Sandiaga Salahuddin Uno. The incumbent win by 55.5 percent while the contender left behind 44.5 percent.

Meanwhile, National police accused Subianto supporters as a traitor. They are Eggi Sudjana, Kivlan Zen, Lieus Sungkarisma and Amin Rais. Today, Islamist Group called People’ Sovereignty Movement will rally to reject the general election resulted.

Yesterday, Finance ministry issued Rp1.3 trillion (US$89.75 million) government bond through private placement. The securities released is fixed rate and trade-able series FR0074.

Yield of the securities is 8.5 percent, while the coupon is set for 7.5 percent annually and will due on August 15, 2032. Today, the government is going to hold another state debt securities with indicative target as much as Rp30 trillion.

The trade war between United States and China continued to micro sector. Following US action on blacklisted Huawei Technologies Co. Ltd., Google now suspended its business with Huawei. But people with current Huawei smartphones with Google apps will continue to be able to use and download app updates provided by Google.

Not only Google, US chipmakers including Intel Corp, Qualcomm Inc., Xilinx Inc., and Broadcom Inc., have told their employees they will not supply critical software and components to Huawei until further notice.

Trump’ action may worsen the trade war between the economic powerhouses. Chinese ambassador to the European Union Zhang Ming said that China could retaliate against the US.

According to him, it is a wrong behavior, and there will be a necessary response from China. He also stressed that Chinese companies’ legitimate rights and interests are being undermined, and Chinese government will not sit idly by.

On Tuesday, Indonesian Rupiah once again depreciated by 0.06 percent to 14,455 against US Dollar. If the condition keeps continue, the currency is feared reaching Rp15,000, nearly at the same point as crisis in 1998.

May you have a profitable day!

US$1: Rp14,400

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