Mon, 01 Nov 2010
From: The Jakarta Globe
By Shirley Christie
Indonesia. Indonesia saw foreign direct investment jump 32 percent to Rp 111.1 trillion ($12.4 billion), excluding oil and gas, and banking, in the first nine months of the year, with the property sector attracting the most investment.

“The investment realization figures are very promising,” Gita Wirjawan, chairman of the Investment Coordinating Board (BKPM), said at the board’s headquarters in Jakarta on Sunday.

He said the increase had been supported by improvements in investment regulations and better coordination between the central and regional governments.

“If we continue to work hard to further enhance these synergies, I firmly believe this will continually be reflected in the investment figures,” he said.

Eric Sugandi, an economist from Standard Chartered in Jakarta, backed Gita’s assessment. “In 2009, investors might have had doubts, but this year they are confident,” he said

The BKPM on Sunday announced investment figures from foreign and domestic investors. Foreign and domestic investment came to Rp 149.8 trillion this year through September.

Among notable recipients of foreign funding were the real estate, industrial estate and office- building sector, with $800 million. It was followed by mining ($700 million; 88 projects); transportation, storage and telecommunications ($600 million); foodstuffs ($400 million); and plantations ($300 million).

The BKPM also released data on domestic investment showing it had risen 36.5 percent to Rp 38.5 trillion from a year earlier.

The top five sectors were plantations (Rp 4.5 trillion); transportation, storage and telecommunications (Rp 3.1 trillion); foodstuffs (Rp 2.8 trillion); chemicals and pharmaceuticals (Rp 1.4 trillion); and other services (Rp 1.1 trillion).

“Besides a significant increase in the total investment figures, two positive outcomes must be underlined,” Gita said. “The first is the increase in domestic investment, and the second an increase in investments outside of Java.”

Investments outside Java, Indonesia’s most populous island and economic hub, contributed 37.7 percent, or Rp 21.4 trillion, of the nation’s total. Regional investment more than tripled from Rp 5.9 trillion a year earlier.

Foreign investors have been drawn by the country’s resilience in the face of the global economic downturn. Indonesia’ strong domestic market, paired with a lack of reliance on exports, saw the economy grow 4.5 percent last year as many of its regional rivals were mired in recession.

Indonesia’s relatively high key interest rate of 6.5 percent has also drawn attention from investors seeking higher returns. Growing political stability and the prospect of gaining investment-grade ratings for sovereign debt have also reassured investors.

“Considering the realization through the third quarter of 2010, we are sure that the target of Rp 160.1 trillion is going to be accomplished. We might even surpass Rp 180 trillion by the end of year,” said the BKPM’s deputy chairman, M Yusan.

According to Fauzi Ichsan, another Standard Chartered economist, the key to making Indonesia more attractive is improving infrastructure, including roadways, power plants and harbors.

Beginning this year, investment figures have been gathered by a data collection agency, Investment Activity Reports (LKPM), which requires all companies to report investment realizations every quarter.

Last year, the calculation method was based on the issuance of permanent business licenses, under which companies reported investment only after the project was completed. The BKPM said the 2009 and 2010 figures were not directly comparable as a result.

The BKPM data excluded investment in the oil and gas sector, banking, non-banking financial institutions and leasing.



News Search/Filter
Transaction Rates
23 Jun 18
Buy
Sell
AED1
3,824.31
3,824.31
AFN1
196.35
196.35
ALL1
129.23
129.23
AMD1
29.14
29.14
ANG1
7,740.29
7,740.29
AOA1
57.11
57.11
ARS1
520.33
520.33
AUD1
10,454.06
10,454.06
AWG1
7,852.06
7,852.06
AZN1
8,251.03
8,251.03
BAM1
8,363.06
8,363.06
BBD1
7,023.69
7,023.69
BDT1
166.26
166.26
BGN1
8,373.47
8,373.47
BHD1
37,055.64
37,055.64
BIF1
7.86
7.86
BMD1
14,047.38
14,047.38
BND1
9,298.32
9,298.32
BOB1
2,033.15
2,033.15
BRL1
3,710.25
3,710.25
BSD1
14,047.38
14,047.38
BTC1
86,145,614
86,145,614
BTN1
207.23
207.23
BWP1
1,361.29
1,361.29
BYN1
7,044.75
7,044.75
BZD1
6,989.60
6,989.60
CAD1
10,580.49
10,580.49
CDF1
8.69
8.69
CHF1
14,212.32
14,212.32
CLF1
603,669.49
603,669.49
CLP1
22.00
22.00
CNH1
2,158.09
2,158.09
CNY1
2,159.40
2,159.40
COP1
4.81
4.81
CRC1
24.77
24.77
CUC1
14,047.38
14,047.38
CUP1
550.87
550.87
CVE1
147.61
147.61
CZK1
635.21
635.21
DJF1
78.89
78.89
DKK1
2,197.09
2,197.09
DOP1
284.01
284.01
DZD1
119.75
119.75
EGP1
786.94
786.94
ERN1
929.75
929.75
ETB1
509.14
509.14
EUR1
16,388.38
16,388.38
FJD1
6,692.42
6,692.42
FKP1
18,632.71
18,632.71
GBP1
18,632.71
18,632.71
GEL1
5,719.98
5,719.98
GGP1
18,632.71
18,632.71
GHS1
2,970.60
2,970.60
GIP1
18,632.71
18,632.71
GMD1
297.14
297.14
GNF1
1.55
1.55
GTQ1
1,874.45
1,874.45
GYD1
67.17
67.17
HKD1
1,789.96
1,789.96
HNL1
587.15
587.15
HRK1
2,219.07
2,219.07
HTG1
211.00
211.00
HUF1
50.43
50.43
IDR1
1.00
1.00
ILS1
3,895.92
3,895.92
IMP1
18,632.71
18,632.71
INR1
206.99
206.99
IQD1
11.81
11.81
IRR1
0.33
0.33
ISK1
129.61
129.61
JEP1
18,632.71
18,632.71
JMD1
107.01
107.01
JOD1
19,776.53
19,776.53
JPY1
127.74
127.74
KES1
139.19
139.19
KGS1
205.80
205.80
KHR1
3.45
3.45
KMF1
33.26
33.26
KPW1
15.60
15.60
KRW1
12.63
12.63
KWD1
46,431.20
46,431.20
KYD1
16,857.64
16,857.64
KZT1
41.31
41.31
LAK1
1.66
1.66
LBP1
9.29
9.29
LKR1
88.35
88.35
LRD1
95.60
95.60
LSL1
1,044.80
1,044.80
LYD1
10,367.07
10,367.07
MAD1
1,477.11
1,477.11
MDL1
827.66
827.66
MGA1
4.22
4.22
MKD1
265.57
265.57
MMK1
10.12
10.12
MNT1
5.76
5.76
MOP1
1,738.48
1,738.48
MRO1
39.45
39.45
MRU1
392.93
392.93
MUR1
402.47
402.47
MVR1
912.16
912.16
MWK1
18.60
18.60
MXN1
702.15
702.15
MYR1
3,510.08
3,510.08
MZN1
235.69
235.69
NAD1
1,045.58
1,045.58
NGN1
39.02
39.02
NIO1
442.99
442.99
NOK1
1,735.48
1,735.48
NPR1
129.55
129.55
NZD1
9,702.57
9,702.57
OMR1
36,484.26
36,484.26
PAB1
14,047.38
14,047.38
PEN1
4,298.46
4,298.46
PGK1
4,284.70
4,284.70
PHP1
264.02
264.02
PKR1
115.52
115.52
PLN1
3,788.72
3,788.72
PYG1
2.46
2.46
QAR1
3,858.00
3,858.00
RON1
3,513.87
3,513.87
RSD1
138.67
138.67
RUB1
223.06
223.06
RWF1
16.32
16.32
SAR1
3,745.82
3,745.82
SBD1
1,774.99
1,774.99
SCR1
1,037.38
1,037.38
SDG1
779.97
779.97
SEK1
1,586.46
1,586.46
SGD1
10,341.88
10,341.88
SHP1
18,632.71
18,632.71
SLL1
2.22
2.22
SOS1
24.17
24.17
SRD1
1,881.01
1,881.01
SSP1
107.83
107.83
STD1
0.66
0.66
STN1
664.49
664.49
SVC1
1,605.51
1,605.51
SYP1
27.27
27.27
SZL1
1,044.80
1,044.80
THB1
426.93
426.93
TJS1
1,542.66
1,542.66
TMT1
4,013.55
4,013.55
TND1
5,410.33
5,410.33
TOP1
6,124.24
6,124.24
TRY1
3,003.52
3,003.52
TTD1
2,084.44
2,084.44
TWD1
463.41
463.41
TZS1
6.17
6.17
UAH1
535.49
535.49
UGX1
3.63
3.63
USD1
14,047.38
14,047.38
UYU1
443.36
443.36
UZS1
1.78
1.78
VEF1
0.17
0.17
VND1
0.61
0.61
VUV1
129.28
129.28
WST1
5,440.99
5,440.99
XAF1
24.98
24.98
XAG1
231,119.56
231,119.56
XAU1
17,832,066.98
17,832,066.98
XCD1
5,197.82
5,197.82
XDR1
19,827.69
19,827.69
XOF1
24.98
24.98
XPD1
13,481,179.54
13,481,179.54
XPF1
137.33
137.33
XPT1
12,333,414.48
12,333,414.48
YER1
56.12
56.12
ZAR1
1,045.74
1,045.74
ZMW1
1,394.42
1,394.42
ZWL1
43.57
43.57
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