Thu, 16 Oct 2008
Jakarta (ANTARA News) - The Indonesian government decided to limit the import of raw materials for producing consumer goods, particularly those already locally produced.

Edy Putra Irawady, deputy for trade and industry of the office of the coordinating minister for the economy, said here on Wednesday the decision would revive domestic industries of raw materials and capital goods especially now that spendings on buying raw materials had been huge.

Citing an example he said that purchase of capital goods in the mining sector in 2008 reached US$4 billion consisting of domestic purchase totalling US$1.3 billion and imports worth US$2.7 billion.

He said it was found that most of the items put in the import list had been produced at home such as trucks, brakelining and canned foods.

Edy Putra said that the government also would limit importers to only producers meaning only importers who have factories in the country could conduct import.

Based upon the decision all import products could only be imported by sole agents (ATPM) like in the automotive sector where only import product manufacturers or factories in the country were allowed to conduct imports of the goods.

If importers do not have factories the permit would be given to a registered importer determined by the government, he said.

He said in general the right to import was given to registered importers or import product producers that distibuted similar products.

He said the government would also give time for example six months or two years to producers of import products to set up a factory in the country. If they fail to do it they will lose their market here, he said.

He said his office would first focus on formulating a regulation on the right to import consumer goods.

Eddy said all the decisions on import limitations were currently being coordinated between the trade and industry ministries, adding that the decree on the matter would be issued by one of the ministries.(*)



News Search/Filter
Transaction Rates
21 Jul 18
Buy
Sell
AED1
3,897.52
3,897.52
AFN1
199.64
199.64
ALL1
133.47
133.47
AMD1
29.81
29.81
ANG1
7,753.99
7,753.99
AOA1
55.94
55.94
ARS1
519.14
519.14
AUD1
10,612.33
10,612.33
AWG1
8,002.03
8,002.03
AZN1
8,408.62
8,408.62
BAM1
8,534.40
8,534.40
BBD1
7,157.84
7,157.84
BDT1
169.53
169.53
BGN1
8,579.86
8,579.86
BHD1
37,877.18
37,877.18
BIF1
8.01
8.01
BMD1
14,315.68
14,315.68
BND1
9,474.38
9,474.38
BOB1
2,073.25
2,073.25
BRL1
3,800.03
3,800.03
BSD1
14,315.68
14,315.68
BTC1
104,549,713
104,549,713
BTN1
207.90
207.90
BWP1
1,387.91
1,387.91
BYN1
7,170.55
7,170.55
BZD1
7,117.75
7,117.75
CAD1
10,885.64
10,885.64
CDF1
8.85
8.85
CHF1
14,420.01
14,420.01
CLF1
595,246.63
595,246.63
CLP1
21.66
21.66
CNH1
2,111.28
2,111.28
CNY1
2,114.38
2,114.38
COP1
5.00
5.00
CRC1
25.22
25.22
CUC1
14,315.68
14,315.68
CUP1
561.39
561.39
CVE1
151.56
151.56
CZK1
648.68
648.68
DJF1
80.41
80.41
DKK1
2,251.94
2,251.94
DOP1
288.21
288.21
DZD1
121.57
121.57
EGP1
800.42
800.42
ERN1
945.59
945.59
ETB1
517.55
517.55
EUR1
16,794.45
16,794.45
FJD1
6,787.88
6,787.88
FKP1
18,800.77
18,800.77
GBP1
18,800.77
18,800.77
GEL1
5,851.63
5,851.63
GGP1
18,800.77
18,800.77
GHS1
2,985.54
2,985.54
GIP1
18,800.77
18,800.77
GMD1
297.93
297.93
GNF1
1.57
1.57
GTQ1
1,909.41
1,909.41
GYD1
68.38
68.38
HKD1
1,823.68
1,823.68
HNL1
595.74
595.74
HRK1
2,267.24
2,267.24
HTG1
213.21
213.21
HUF1
51.55
51.55
IDR1
1.00
1.00
ILS1
3,945.46
3,945.46
IMP1
18,800.77
18,800.77
INR1
208.24
208.24
IQD1
12.01
12.01
IRR1
0.32
0.32
ISK1
134.69
134.69
JEP1
18,800.77
18,800.77
JMD1
109.54
109.54
JOD1
20,159.83
20,159.83
JPY1
128.48
128.48
KES1
142.16
142.16
KGS1
209.76
209.76
KHR1
3.52
3.52
KMF1
34.07
34.07
KPW1
15.90
15.90
KRW1
12.70
12.70
KWD1
47,277.68
47,277.68
KYD1
17,167.72
17,167.72
KZT1
41.33
41.33
LAK1
1.69
1.69
LBP1
9.47
9.47
LKR1
89.50
89.50
LRD1
93.41
93.41
LSL1
1,060.61
1,060.61
LYD1
10,373.68
10,373.68
MAD1
1,515.94
1,515.94
MDL1
857.71
857.71
MGA1
4.30
4.30
MKD1
272.16
272.16
MMK1
10.00
10.00
MNT1
5.86
5.86
MOP1
1,772.05
1,772.05
MRO1
40.21
40.21
MRU1
399.32
399.32
MUR1
416.27
416.27
MVR1
929.58
929.58
MWK1
19.70
19.70
MXN1
752.52
752.52
MYR1
3,523.87
3,523.87
MZN1
242.04
242.04
NAD1
1,068.73
1,068.73
NGN1
39.71
39.71
NIO1
451.74
451.74
NOK1
1,750.69
1,750.69
NPR1
129.94
129.94
NZD1
9,741.54
9,741.54
OMR1
37,191.12
37,191.12
PAB1
14,315.68
14,315.68
PEN1
4,374.37
4,374.37
PGK1
4,344.33
4,344.33
PHP1
268.74
268.74
PKR1
111.40
111.40
PLN1
3,885.13
3,885.13
PYG1
2.49
2.49
QAR1
3,931.69
3,931.69
RON1
3,605.76
3,605.76
RSD1
142.26
142.26
RUB1
225.54
225.54
RWF1
16.62
16.62
SAR1
3,816.80
3,816.80
SBD1
1,815.32
1,815.32
SCR1
1,057.28
1,057.28
SDG1
794.21
794.21
SEK1
1,617.18
1,617.18
SGD1
10,505.75
10,505.75
SHP1
18,800.77
18,800.77
SLL1
2.19
2.19
SOS1
24.68
24.68
SRD1
1,919.50
1,919.50
SSP1
109.89
109.89
STD1
0.68
0.68
STN1
675.26
675.26
SVC1
1,634.87
1,634.87
SYP1
27.79
27.79
SZL1
1,067.93
1,067.93
THB1
429.61
429.61
TJS1
1,521.56
1,521.56
TMT1
4,078.56
4,078.56
TND1
5,430.80
5,430.80
TOP1
6,154.79
6,154.79
TRY1
2,988.10
2,988.10
TTD1
2,125.58
2,125.58
TWD1
468.07
468.07
TZS1
6.28
6.28
UAH1
544.19
544.19
UGX1
3.82
3.82
USD1
14,315.68
14,315.68
UYU1
458.34
458.34
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.22
131.22
WST1
5,521.10
5,521.10
XAF1
25.60
25.60
XAG1
222,091.17
222,091.17
XAU1
17,634,710.43
17,634,710.43
XCD1
5,297.10
5,297.10
XDR1
20,045.25
20,045.25
XOF1
25.60
25.60
XPD1
13,128,955.31
13,128,955.31
XPF1
140.73
140.73
XPT1
11,860,548.12
11,860,548.12
YER1
57.19
57.19
ZAR1
1,066.32
1,066.32
ZMW1
1,454.40
1,454.40
ZWL1
44.40
44.40
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