Tue, 22 Jul 2008
The government will introduce regulations requiring industries to work a maximum of two days per month at weekends in order to spread peak power loads, Energy and Resources Minister Purnomo Yusgiantoro and Industry Minister Fahmi Idris said Friday, Kompas reported.

The two ministers said the decision on the required shift in working days had been made following discussions with the Indonesian Chamber of Commerce and Industry (Kadin), related government departments and state power utility PT PLN. Yusigantoro said on an average working day, PLN’s supply capacity had now fallen behind demand by around 600 MW.

Industry associations continued to complain of the lack of clarity in government plans. Anton Supit, secretary general of the Indonesian Employers Association (Apindo), said overseas buyers were also complaining.

“It would be reasonable if the only people making a fuss were domestic business operators, but overseas buyers are also panicking because Indonesia’s situation is so uncertain,” he said.



News Search/Filter
Transaction Rates
23 Oct 17
Buy
Sell
AUD1
10,976.77
10,192.07
BND1
10,304.70
9,568.38
BTC1
80,908,638
80,908,638
CAD1
11,118.59
10,321.48
CHF1
14,261.76
13,240.22
CNH1
2,114.82
1,963.75
DKK1
2,219.39
2,060.93
EUR1
16,520.60
15,342.20
GBP1
18,521.99
17,197.08
HKD1
1,798.92
1,670.64
JPY100
12,337.38
11,457.33
LAK1
1.69
1.56
NOK1
1,758.02
1,631.74
NZD1
9,775.38
9,072.36
PGK1
4,505.24
3,962.64
SEK1
1,717.05
1,594.12
SGD1
10,304.70
9,568.38
THB1
423.00
392.62
USD1
14,035.00
13,035.00
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