Thu, 12 Oct 2006
Foreign Exchange from Sale of Wild Animals Very Low
Wednesday, 11 October, 2006 | 16:15 WIB

TEMPO Interactive, Jakarta: The state's revenue from the sale of wild animal is very low, last year only reaching US$16.7 million.

However, according to Malam Sabat Kaban, Forestry Minister, the state's foreign exchange from this activity can be much higher than that amount.

“It should have reached US$16.7 billion,” said Kaban in Jakarta yesterday (10/10).

Data at the Forestry Department shows that foreign exchange from making use of plants and wild animals in 2005 was only US$ 16.7 million.

This amount was calculated based on the current benchmarks.

Last year, forest resources that became the state's non-tax revenue were only Rp3.159 billion.

From this amount, Rp2.27 billion was from breeding and the remaining Rp881 million was straight from the wild.

According to Kaban, the low level of foreign exchange is because most plants and animal products were exported in the form of raw materials.

In addition, Indonesian entrepreneurs still give very low prices.

Arman Mallolongan, Director General of Forest Protection and Natural Conservation at the Forestry Department, said 75 percent of plants and wild animal exports was still in the form of raw materials.

“To increase foreign exchange, exports should be in the form offinished products,” he said.

Ewo Raswa



News Search/Filter
Transaction Rates
17 Oct 17
Buy
Sell
BTC1
77,499,334
77,499,334
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