Tue, 08 Mar 2011
Tanjungpinang, Riau Islands (ANTARA News) - Finance Minister Agus Martowardojo is scheduled to meet with businessmen and local government officials here on Monday to discuss problems arising from the implementation of Batam, Bintan and Karimun free trade and free port zones.

The meeting would take place in Batam on Monday evening (March 7), Head of the Riau Islands Provincial Industry and Trade Office Syed M Taufik here on Sunday.

"The meeting will discuss efforts to improve the implementation of FTZ (free trade and free port zones). The government is trying to keep the FTZ interesting for investors," he said.

He said the government was trying to minimize obstacles in implementing the FTZ. The government`s present policies on the FTZ would hopefully be able to attract more investment in Batam, Bintan and Karimun islands.

The government had always improved the mechanism of implementing the FTZ based on businessmen`s aspirations and shortcomings found by officers in the field, he said.

Several policies which were not relevant to the implementation of the FTZ had been improved because they confused officers in the field, he said.

"The policy on master list for goods coming in and out of the FTZ port has been abolished. It is now enough for businessmen to report goods coming in and out of the port to customs and excise officers," he said. (*)



News Search/Filter
Transaction Rates
20 Nov 17
Buy
Sell
AUD1
10,594.70
9,838.20
BND1
10,336.72
9,596.38
BTC1
107,632,181
107,632,181
CAD1
10,961.01
10,176.52
CHF1
14,193.65
13,175.25
CNH1
2,111.88
1,961.05
DKK1
2,210.89
2,052.91
EUR1
16,454.61
15,276.50
GBP1
18,504.25
17,180.04
HKD1
1,795.76
1,667.73
JPY100
12,529.25
11,634.07
LAK1
1.69
1.57
NOK1
1,697.42
1,575.85
NZD1
9,542.53
8,859.72
PGK1
4,489.28
3,947.79
SEK1
1,661.40
1,542.42
SGD1
10,336.72
9,596.38
THB1
427.71
396.98
USD1
14,029.00
13,029.00
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