Photo by G20

JAKARTA (TheInsiderStories) – Good Morning! Key central bank meetings this coming week, including Indonesia, United States (US), United Kingdom, Brazil, Japan and several other Asian countries. Simultaneously PMI survey data, which will provide an important steer on global economic developments, notably in the US, Japan and Eurozone.

Currently, central bankers face growing unease about the global economic environment and are widely expected to tilt to the dovish side amid concerns about the impact of trade frictions and geopolitical uncertainty. While, recent PMI surveys pointed to an ongoing slowdown in the pace of global economic growth, with signs of the manufacturing malaise spreading into services.

Asian trade statistics from Japan, Singapore and Taiwan will also be scrutinized for any negative impact arising from ongoing US – China trade tensions. From domestic side, vice president Jusuf Kalla said will hold a trilateral peace meeting with Pakistan and Afghanistan, in an exclusive interview with Anadolu last week.

Indonesia has drawn more Chinese tourists and rising investments under the framework of the Belt and Road Initiative. Deputy Minister for Tourism Marketing Nia Niscaya said, the country has been introducing new tourism programs and incentives to promote its market in China.

Last year, Indonesia received 2.21 million Chinese travelers from total 15.8 million tourists.  From January to April, 2019, about 700,000 Chinese visited Indonesia, up 5.2 percent from prior year.

Ahead of the second hearing on the lawsuit trial in Constitutional Court, Prabowo Subianto – Sandiaga Salahuddin Uno’ lawyer team has announced it will present 30 witnesses to support the appeal against the 2019 presidential election result.

The Subianto campaign team said all of the witnesses would be “unexpected” and could strengthen its argument that incumbent Joko Widodo and Ma’ruf Amin committed structured, systematic and massive fraud.

At the mean time, President Widodo called the public to trust police investigation in solving the Jakarta May 21-22′ rioting case. The president’ statement referred to the failed assassination plot targeting a number of national figures. To date, the police are still looking into the case for futher developments.

At the G20 ministerial meeting in Japan, the energy ministers would finalize the commitment in the Complete Ministerial Communique Document, which was discussed at the Energy Transitions Working Group. By integrating the issue of climate change, Japan raises the main theme of energy transition in line with environmental protection and economic growth in Energy Security, Economic Efficiency and Environment and Safety.

Japan also prioritizes the Innovation agenda and advanced energy issues, namely Hydrogen, Carbon Capture Storage and Utilization, Well-to-Wheel Analysis and Nuclear and Research and Development 20.

Moreover, Indonesian Environment and Forestry Ministry recently talked about the preventions needed to avoid future waste smuggling cases in the wake of the international outcry on waste exports from a number of Western countries.

The ministry’ director general of non-lethal waste management Rosa Vivien Ratnawati offered that some of the phrases within Trade Ministry’ Decree No.31/2016 on non-lethal waste imports need to be rephrased. This directly follows several cases of plastic waste discovered to be contained in a number of paper scrap imports to Indonesia.

On Friday (06/14), Indonesian Rupiah closed at 14,359 against the US Dollar, slightly higher than previous day at 14,290. This week, the local currency has an opportunity going stronger followed the economic data will release by Bank Indonesia and by government.

May you have a profitable day!

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