Tue, 25 Jul 2006
Bio-fuel Development To Receive Fiscal Incentives
Tuesday, 25 July, 2006 | 17:53 WIB

TEMPO Interactive, Jakarta: The government will officially form the national team for bio-fuel energy development. The components of this alternative energy team were decided at a limited meeting of the energy sector at the Presidential Palace yesterday (24/7).

Alhilal Hamdi, former Manpower Minister and former People's Welfare Minister, took the position as Executive Chairman of the team for bio-fuel development. “Bio-fuel is not only able to substitute for fuel oil, but also it increases job opportunities and the economy,” said Purnomo Yusgiantoro, Energy and Mineral Resources Minister, yesterday (24/7).

The government will issue a Presidential Decision on bio-fuel development in the next day or two. The government will also explore fiscal incentives in bio-fuel investment, trade and research such as tax holidays, free value-added fax and zero percent export tax as oil palm.

Badriah



News Search/Filter
Transaction Rates
11 Dec 17
Buy
Sell
AUD1
10,561.19
9,806.68
BND1
10,390.59
9,647.27
BTC1
220,608,458
220,608,458
CAD1
10,927.34
10,148.58
CHF1
14,153.57
13,144.58
CNH1
2,121.91
1,970.69
DKK1
2,223.07
2,064.47
EUR1
16,544.78
15,362.97
GBP1
18,821.64
17,477.73
HKD1
1,798.99
1,670.87
JPY100
12,364.44
11,481.12
LAK1
1.69
1.57
NOK1
1,691.45
1,570.41
NZD1
9,631.34
8,944.34
PGK1
4,480.67
3,952.94
SEK1
1,662.33
1,543.27
SGD1
10,390.59
9,647.27
THB1
430.73
399.82
USD1
14,046.00
13,046.00
VND1
0.62
0.57
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