Wenny Zulianti

Wenny Zulianti

25
July

The composite share price index (IHSG) at the Indonesia Stock Exchange (BEI) strengthened on Wednesday morning, as the Asian regional markets rose.

The IHSG gained 9.51 points, or 0.15 percent, to 6,413.32. The index of the 45 most liquid stocks inched up 2.32 points, or 0.23 percent, to 1,028.43.

Valbury Sekuritas chief researcher Alfiansyah has forecast that the IHSG's movement on Wednesday will be swayed by domestic and foreign sentiments.

"However, there will be a positive catalyst from the US market following a share price hike during Tuesday's trading, thereby opening room for the Asian market and serving as a trigger for the stock market at the BEI and the IHSG reference index to strengthen in today's share trading," he remarked.

Asian regional markets that weakened on Wednesday morning comprised Nikkei, decreasing 108.87 points, or 0.5 percent, to 21,729.75; the Hang Seng plunging 253.15 points, or 0.89 percent, to 28,719.53; and the Straits Times Index sliding 8.86 points, or 0.25 percent, to 3,381.99.  

24
July

President Joko Widodo (Jokowi) and Abu Dhabi Crown Prince Sheikh Mohamed Bin Zayed Al Nahyan planted a resin tree (Agathis dammara (Lamb.) Rich) in the yard of the Bogor Presidential Palace, Wednesday.

The duo shoveled down soil after planting a meter-long resin tree and watered the spot while engaged in conversation.

The tree planting was conducted as part of the series of activities during His Royal Highness' visit to Indonesia.

President Jokowi welcomed Sheikh Nahyan upon his arrival at Jakarta's Soekarno Hatta International Airport. The latter arrived aboard a Boeing 777 jet at around 8:51 a.m. local time.

Jokowi was accompanied by Energy and Mineral Resources Minister Ignasius Jonan.

Discussions are scheduled for several cooperation schemes, as Minister Jonan affirmed that three partnership pacts will be signed during His Royal Highness' visit comprising the Refinery Development Master Plan (RDMP) in Balikpapan, East Kalimantan, one of Pertamina's six megaprojects; cooperation for expansion of the petrochemical industry with PT Chandra Asri Petrochemical; and partnership with PT Pelabuhan Indonesia Maspion in Surabaya, East Java.

The total investment from all three partnerships amounts to US$9 billion.

The Trade Ministry's data indicated a deficit in Indonesia's trade balance with the United Arab Emirates (UAE) since 2017.

Up until the first semester of 2019, the deficit was clocked at $287 million, owing to the fact that the UAE's imports to Indonesia had reached $882.5 million, while Indonesia's exports were recorded at a mere $594.4 million.