Sat, 27 Jun 2009
Alfian, THE JAKARTA POST, JAKARTA

The energy and mining sector secured about US$5.38 billion of inward investment in the first quarter of this year; about 21.19 percent of the $25 billion targeted for 2009.

Energy and Mineral Resources Ministry Purnomo Yusgiantoro said that the investment realized in the first quarter did not necessarily represent the full year annual trend.

"Investment expenditure is dynamic following companies needs. They may spend less in the first quarter, and boost spending in the next quarter," Purnomo told lawmakers on Thursday from the House of Representatives Commission VII overseeing energy and mining.

Of the $5.38 billion of investment booked in quarter one of 2009, the oil and gas sector contributed $3.35 billion. The sector is expected to attract a total of $16.64 billion investment in 2009.

Evita H. Legowo, director general for oil and gas at the ministry, said that, of the $3.35 billion investment booked for the oil and gas sector, as much as $2.96 billion went to upstream $392 million to the downstream side of the industry.

Evita said the 20 percent growth for investment in oil and gas in the first quarter was normal. "It's just like in the state budget, the companies spend a bit slower in the first quarter and increase their spending in the next quarters," Evita said.

Mining and geothermal projects, combined secured $251.43 million in the first quarter of this year, or about 12 percent of $2.15 billion, the total investment targeted in 2009.

Lawmakers expressed concern on the potential investment losses in mining as Australia-based BHP Billiton, the world's largest mining company, has announced that it is planning to pull out of Indonesia. Earlier this month, BHP said it had decided to stop the development of the pilot project Haju mine, one of seven mines under the umbrella of the company's broad ranging Maruwai coal project in Central Kalimantan.

Aside from canceling the Haju mine development, BHP has also decided to stop a feasibility study of the Lampunut Block, another mine in the Maruwai project, while putting its activity in five other areas in the project under review.

Electricity projects attracted $1.78 billion investment in the first quarter, or about 26.93 percent of $6.61 billion, the latter being the total forecast for inward investment expected from the electricity sector in 2009.

From ministry reports, no investment in renewable energy (other than geothermal) has been secured in the first quarter this year. The report said some renewable energy projects were still being tendered.



News Search/Filter
Transaction Rates
18 Jul 18
Buy
Sell
AED1
3,883.40
3,883.40
AFN1
196.20
196.20
ALL1
132.32
132.32
AMD1
29.74
29.74
ANG1
7,734.51
7,734.51
AOA1
56.25
56.25
ARS1
518.39
518.39
AUD1
10,523.80
10,523.80
AWG1
7,972.29
7,972.29
AZN1
8,378.53
8,378.53
BAM1
8,549.53
8,549.53
BBD1
7,132.22
7,132.22
BDT1
168.87
168.87
BGN1
8,498.33
8,498.33
BHD1
37,675.75
37,675.75
BIF1
8.05
8.05
BMD1
14,264.45
14,264.45
BND1
10,471.57
10,471.57
BOB1
2,065.19
2,065.19
BRL1
3,717.11
3,717.11
BSD1
14,264.45
14,264.45
BTC1
105,508,732
105,508,732
BTN1
208.51
208.51
BWP1
1,394.29
1,394.29
BYN1
7,207.04
7,207.04
BZD1
7,099.72
7,099.72
CAD1
10,803.31
10,803.31
CDF1
8.84
8.84
CHF1
14,257.55
14,257.55
CLF1
599,346.91
599,346.91
CLP1
21.81
21.81
CNH1
2,119.70
2,119.70
CNY1
2,126.61
2,126.61
COP1
4.93
4.93
CRC1
25.17
25.17
CUC1
14,264.45
14,264.45
CUP1
559.39
559.39
CVE1
150.35
150.35
CZK1
642.72
642.72
DJF1
80.13
80.13
DKK1
2,230.05
2,230.05
DOP1
287.05
287.05
DZD1
121.09
121.09
EGP1
796.89
796.89
ERN1
950.32
950.32
ETB1
516.40
516.40
EUR1
16,622.72
16,622.72
FJD1
6,768.43
6,768.43
FKP1
18,693.19
18,693.19
GBP1
18,693.19
18,693.19
GEL1
5,824.26
5,824.26
GGP1
18,693.19
18,693.19
GHS1
2,978.76
2,978.76
GIP1
18,693.19
18,693.19
GMD1
298.10
298.10
GNF1
1.58
1.58
GTQ1
1,904.61
1,904.61
GYD1
68.20
68.20
HKD1
1,817.39
1,817.39
HNL1
593.83
593.83
HRK1
2,249.63
2,249.63
HTG1
211.46
211.46
HUF1
51.38
51.38
IDR1
1.00
1.00
ILS1
3,926.12
3,926.12
IMP1
18,693.19
18,693.19
INR1
208.64
208.64
IQD1
11.97
11.97
IRR1
0.32
0.32
ISK1
133.64
133.64
JEP1
18,693.19
18,693.19
JMD1
108.99
108.99
JOD1
20,104.85
20,104.85
JPY1
126.20
126.20
KES1
142.08
142.08
KGS1
209.12
209.12
KHR1
3.51
3.51
KMF1
33.78
33.78
KPW1
15.84
15.84
KRW1
12.66
12.66
KWD1
47,117.22
47,117.22
KYD1
17,125.63
17,125.63
KZT1
41.52
41.52
LAK1
1.69
1.69
LBP1
9.43
9.43
LKR1
89.21
89.21
LRD1
88.24
88.24
LSL1
1,075.05
1,075.05
LYD1
10,387.75
10,387.75
MAD1
1,505.03
1,505.03
MDL1
855.64
855.64
MGA1
4.24
4.24
MKD1
270.04
270.04
MMK1
9.96
9.96
MNT1
5.84
5.84
MOP1
1,765.22
1,765.22
MRO1
40.12
40.12
MRU1
397.78
397.78
MUR1
414.72
414.72
MVR1
925.65
925.65
MWK1
19.63
19.63
MXN1
755.02
755.02
MYR1
3,526.60
3,526.60
MZN1
241.60
241.60
NAD1
1,075.05
1,075.05
NGN1
39.51
39.51
NIO1
449.42
449.42
NOK1
1,748.99
1,748.99
NPR1
130.31
130.31
NZD1
9,658.53
9,658.53
OMR1
37,052.07
37,052.07
PAB1
14,264.45
14,264.45
PEN1
4,363.95
4,363.95
PGK1
4,336.64
4,336.64
PHP1
266.90
266.90
PKR1
111.99
111.99
PLN1
3,869.35
3,869.35
PYG1
2.49
2.49
QAR1
3,917.73
3,917.73
RON1
3,574.16
3,574.16
RSD1
140.92
140.92
RUB1
227.67
227.67
RWF1
16.42
16.42
SAR1
3,803.55
3,803.55
SBD1
1,811.69
1,811.69
SCR1
1,053.50
1,053.50
SDG1
792.73
792.73
SEK1
1,612.99
1,612.99
SGD1
10,444.57
10,444.57
SHP1
18,693.19
18,693.19
SLL1
2.26
2.26
SOS1
24.62
24.62
SRD1
1,912.63
1,912.63
SSP1
109.50
109.50
STD1
0.67
0.67
STN1
678.45
678.45
SVC1
1,631.02
1,631.02
SYP1
27.69
27.69
SZL1
1,074.76
1,074.76
THB1
427.97
427.97
TJS1
1,514.89
1,514.89
TMT1
4,061.64
4,061.64
TND1
5,398.08
5,398.08
TOP1
6,169.91
6,169.91
TRY1
2,969.43
2,969.43
TTD1
2,117.24
2,117.24
TWD1
467.68
467.68
TZS1
6.25
6.25
UAH1
543.82
543.82
UGX1
3.83
3.83
USD1
14,264.45
14,264.45
UYU1
455.77
455.77
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
130.54
130.54
WST1
5,509.14
5,509.14
XAF1
25.34
25.34
XAG1
222,189.94
222,189.94
XAU1
17,505,837.44
17,505,837.44
XCD1
5,278.14
5,278.14
XDR1
20,068.39
20,068.39
XOF1
25.34
25.34
XPD1
13,087,137.67
13,087,137.67
XPF1
139.29
139.29
XPT1
11,661,113.08
11,661,113.08
YER1
56.97
56.97
ZAR1
1,073.79
1,073.79
ZMW1
1,423.45
1,423.45
ZWL1
44.25
44.25
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services