Wed, 12 Aug 2009
Palangkaraya, C Kalimantan (ANTARA News) - The chairman of the Association of Indonesian Businessmen (Apindo), Sofyan Wanandi, said the recent arrests of terrorists had given the investors` community a greater sense of security.

"Security and political stability are number one for businessmen," Sofyan said at a business gathering and confirmation of a new executive board of Apindo`s Central Kalimantan chapter here on Tuesday.

Sofyan said many businessmen in Indonesia were compelled to go to Singapore to make transactions just because their partners would not come to Indonesia for fear of bombings.

Many businessmen abroad always asked about bombings in the country and they were afraid to come to Indonesia, he said.

He said the quick actions taken by the government and the police to eradicate terrorism had created a conducive investment atmosphere, particularly for such sectors as the tourism industry.

Sofyan said businessmen appreciated the police`s swift actions against terrorists.
"I think, the police actions have helped to allay the fears of investors to come to Indonesia," he said.

He said he had already presented to President Susilo Bambang Yudhoyono five priorities for settlement by the government in the investment sector.

The priorities, he said, include settlement of overlapping regulations and laws. He said many laws and government regulations overlapped with or contradicted each other. For instance, the environment law contained clauses that ran counter to the forestry law, likewise the forestry law included articles contradicting the mining law. "

The problems have to be immediately settled," he said.

Another priority was bureaucratic reform, he said, adding that the bureaucracy was often causing businessmen to incur inordinately high costs.

Sofyan said the third priority was settling the infrastructure problems so that investors could immediately come and invest in the country.

He said spatial management and the agrarian law also needed to be improved. The final problem the government should address was manpower. "We have pioneered its settlement through discussions with labor unions," he said.(*)



News Search/Filter
Transaction Rates
22 Aug 17
Buy
Sell
AUD1
10,984.60
10,189.52
BND1
10,169.77
9,431.38
BTC1
48,054,071
48,054,071
CAD1
11,021.03
10,221.34
CHF1
14,374.16
13,329.87
CNH1
2,076.44
1,926.27
DKK1
2,197.45
2,038.33
EUR1
16,345.45
15,162.96
GBP1
17,845.48
16,552.03
HKD1
1,768.68
1,640.81
JPY100
12,669.84
11,752.11
LAK1
1.67
1.55
NOK1
1,751.87
1,624.24
NZD1
10,137.72
9,402.55
PGK1
4,476.59
3,941.27
SEK1
1,713.75
1,589.37
SGD1
10,169.77
9,431.38
THB1
416.31
385.99
USD1
13,838.00
12,838.00
VND1
0.61
0.56
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