Indonesia's Political Tension Heat Up Ahead 2019 Presidential Election Final Result - Photo: Special

JAKARTA (TheInsiderStories) — Good morning! Political tension heats up in Indonesia ahead the announcement of the winners of 2019 presidential election. Starting today, an Islamist group planned rally to fight tyranny and called the movement called People’ Sovereignty Movement.

To anticipate the potential chaos during the rally, a Terrorist Unit from the Special Forces Command of the Indonesian Armed Forces, has prepared a scenario for rescuing the General Election Commissioners (GEC) and documents as well as the 2019 Election server, if there are riots due to the agency siege by the demonstrators.

This was revealed in a security exercise during the vote counting stage of the 2019 Election by National Army soldiers in the National Monument Cross, Central Jakarta, on Friday (05/17).  While, Metro Jaya Police spokesman, Police Commissioner Argo Yuwono, said that the polices was scheduled to examine Amin Rais, one of supporter of Prabowo Subianto – Sandiaga Salahuddin Uno this morning.

At the same day, the Election Oversight Body will summoned retired General Djoko Santoso and Ahmad Hanafi Rais to attend the verdict on the alleged administrative violations of the election. On May 22, GEC is expected to announce the official results of the Indonesian presidential and parliamentary elections.

Saw the developments, United States embassy has warned the American citizen to avoids the GEC and Election Watch Commission’ surrounding areal around May 20-22, after Indonesian police have publicly cited a heightened risk of terrorism in connection with the finalization of election results, and media has reported recent arrests of Indonesians on terrorism charges.

From economic side, the rocketing oil imports become one of the factors in the widening trade balance deficit to US$2.5 billion in April. Deputy Minister of Energy and Mineral Resources Arcandra Tahar said that the import hike was aimed at fulfilling demands ahead of Eid Al-Fitr. He added, fuel demands would increase in this homecoming season, as many people are projected to have road trip.

Indonesian Rupiah consistently depreciated last week. On the last day of trade, it weakened by Wednesday0.07 percent to 14,510 agains the American Dollar and feared to continue the fall off .

China’s senior diplomat Wang Yi hoped all parties will exercise restraint and act with caution to avoid escalating tensions between United States’ (US) coalition and Iran. Meanwhile, Venezuelan Oil Minister Manuel Quevedo said his country’ economy and oil industry was under economic and financial siege by the US government.

According to him, this generates disturbances in the flow of oil supply to the world market as well as serious economic damage and suffering to the Venezuelan people.

Ahead of this week, Japan will announce its first quarter Gross Domestic Product (GDP) which is forecasted having slowdown. Then the US will have announcement of its home sales, crude oil inventories, and core durable goods orders.

US’ Federal Reserves Chairman Jerome Powell will speak two days prior to Federal Open Market Committee (FOMC) meeting minutes in Wednesday. The minutes are a detailed record of committee’ policy-setting meeting held about two weeks earlier, which offers insights regarding its stance on monetary policy.

Then, Bank of England (BoE) Governor Mark Carney will give a statement signaling about United Kingdom (UK) further monetary policy. Moreover, European Central Bank President Mario Draghi is also going to speak, as ECB will publish the account of its monetary policy meeting.

On Saturday, the European Union will hold European Parliament election, with UK involvement amid its uncertain Brexit.

May you have a profitable week!

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