A sword-wielding man killed an Indonesian policeman and critically injured another on Monday in what authorities described as a suspected ISIS-linked attack.
The attacker was shot dead during the early morning raid at a police post in South Daha district on Kalimantan, Indonesia's section of Borneo island.
Indonesia's national police initially said there were two attackers, but local authorities later said only one extremist was directly involved.
"One police officer was killed and the attacker also died," South Hulu Sungai police chief Dedy Eka Jaya told AFP.
"We're still investigating possible links" to ISIS, he said.
The attacker, identified as Abdurrahman, a 19-year-old local, initially set fire to a car outside the police post, Mr Jaya said.
"When it exploded, one of the officers came outside to check and that's when the initial attack started," he said.
Images from the scene showed an apparently deceased man lying on his back inside the police station.
Authorities said they confiscated his sword, a Quran and a handwritten letter calling for violence.
Indonesia has long struggled with extremism and is home to dozens of radical groups that have pledged loyalty to the group's violent ideology.
Monday's incident happened on a public holiday that celebrates the Southeast Asian archipelago's pluralist democracy, and many past attacks have been against police and other state symbols.
In April, a couple with links to ISIS went on trial for a failed assassination attempt on Indonesia's former chief security minister last year.
The pair were allegedly members Jamaah Ansharut Daulah an ISIS-linked extremist group responsible for a string of attacks, including suicide bombings at churches in Indonesia's second-biggest city Surabaya in 2018 that killed a dozen people.
In November, an ISIS-linked suicide bomber killed himself and wounded six others in a police station attack on Sumatra island.
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More on Quran memorisation:
How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
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