Ethiopian Airlines crashed shortly after take-off from Addis Ababa and killed 157 people on board - Photo: Special

JAKARTA (TheInsiderStories) – Good morning! Ethiopian Airlines crashed shortly after take-off from Addis Ababa and killed 157 people on board. This becomes another hit, because the flight used Boeing 737 Max 8, the same model as the Lion Air JT 160 crashed that killed 189 passengers and crews in Indonesia last year.

According to official, the plane hadn’t met any mechanical issues from the earlier flight. Followed the accident, Boeing and United States (US) Federal Aviation Administration and National Transportation Safety Board is now preparing to send technical team and planned to work with Ethiopian authorities in probing the cause of the crash.

No survivors found from this accident. Passengers from 33 countries, mostly Kenyans and Canadians, were recorded aboard. Four United Nations officials confirmed were on the plane. One Indonesian was also on the plane, stated Indonesia’s Foreign Ministry Spokesman Armanatha Nasir. Indonesian government is now trying to confirm the victim’ identity.

While, Indonesia government cooperates with Singapore, establishing national trading platform in terms of export and import customs and excise information sharing. Indonesia Finance Minister Sri Mulyani Indrawati said, the platform is expected to narrow violation and smuggling crime. Recently, the national trading platform must be discussed further in technical level.

The national trading platform is an integration between Indonesia and Singapore’ customs and excise systems. It aims to increase trade data validity and accelerate investigation of discrepancy data.

Last week, finance Ministry issued Rp1 trillion (US$71.43 million) Government sharia bond through private placement, according to official statement. The PBS-021 series has 7.85 percent yield and will due on Nov. 15, 2026.

Moreover, Indonesian Rupiah depreciated by 0.66 percent on the last day of trade last week to 14,310 against the US Dollar. While, the Jakarta Composite Index fell by 1.16 percent to 6,383.06 with Rp609.73 billon foreign outflows.

Ahead of this week, Indonesia will announce foreign debt statistics and trade balance data. Both will be shared on March 15.

On the global said, world will pay attention on Brexit issue, while there’ll be three days to decide the United Kingdom’ (UK) future. House of Commons members is going to vote over the Brexit clauses on March 12.

If there’ll be no agreement, they will have another vote to have no-deal Brexit on March 13. And for March 14, the House will vote for the delay that’ supposed to happen on March 29.

Not only about Brexit. This week, UK will also publish it Gross Domestic Product (GDP), manufacturing production data, also annual budget. Then, US Federal Open Market Committee Chair Jerome Powell will give a speech that can be signals to the future monetary policy.

America also will announce retail sales and new home sales data. From Asia, Japan will decide its interest rate which is predicted to remain at minus 0.1 percent.

May you have a profitable week!

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