Fri, 18 Sep 2015
Indonesia and the region must be prepared, both materially and psychologically, for a possible worsening of the haze situation, given both the persistence of burning practices and the blight of climate change. In 2013, a record Pollutant Standards Index reading of 401 in Singapore elicited gasps of environmental disbelief even from those who had come to accept the recurrent problem as a sad fact of regional life. For now, the situation is not as bad as it was then. But what if it gets worse?

A range of ameliorative measures taken to regulate exposure to the harmful effects of the haze included the donning of masks and curtailing of outdoor activities. Schools, companies, clinics, the People's Association and the Singapore Armed Forces have ramped up efforts to protect citizens from the enveloping menace.

In neighbouring countries, too, there is reinforcement of personal and institutional efforts to ensure that the haze does not cause a crisis of confidence among citizens. The stark truth is that entire towns and cities are being rendered unliveable. Airport operations are disrupted and commerce to the tune of billions of dollars is affected, including international outdoor events planned painstakingly beforehand. Investors are seeing that, whatever else Indonesia promises to attract them, there are some things that are simply beyond Jakarta's control. What's worse is that this is affecting the business operating environment of its neighbours as well.

Indonesian Vice-President Jusuf Kalla's infamous retort to haze critics ("for 11 months, they enjoyed nice air from Indonesia and they never thanked us") might be symptomatic of wider inertia in his country. Creditably, Coordinating Minister for Security and Political Affairs Luhut Binsar Panjaitan is pushing for deterrent punishment for recalcitrant firms behind the forest fires. That tougher stance ought to permeate down the structures of Indonesia's splintered politics and corrupt bureaucracy.

Another reason for urgency is that the environment is closing in on humankind - witness the current El Nino phenomenon, which is set to extend into the next year. Climate change bringing hotter temperatures and prolonged periods of drought can spark uncontrollable forest fires. Consider the plight of the United States which is now enduring one of the worst fire seasons in recent history.

Awakening to the peril of the haze, Indonesia should rigorously tackle the criminal avarice of habitual exploiters of nature. Poor law enforcement, outdated land-use rules, weak corporate governance, blinkered financing practices and end-user indifference all contribute to the seasonal burning which will ultimately hurt everyone. Through the haze, one must see that all are going down a dead-end street.





News Search/Filter
Transaction Rates
17 Jul 18
Buy
Sell
AED1
3,883.15
3,883.15
AFN1
196.60
196.60
ALL1
132.34
132.34
AMD1
29.70
29.70
ANG1
7,734.49
7,734.49
AOA1
56.03
56.03
ARS1
521.71
521.71
AUD1
10,574.51
10,574.51
AWG1
7,968.43
7,968.43
AZN1
8,377.99
8,377.99
BAM1
8,742.76
8,742.76
BBD1
7,131.76
7,131.76
BDT1
168.87
168.87
BGN1
8,537.35
8,537.35
BHD1
37,667.55
37,667.55
BIF1
8.09
8.09
BMD1
14,263.53
14,263.53
BND1
10,470.90
10,470.90
BOB1
2,069.60
2,069.60
BRL1
3,695.88
3,695.88
BSD1
14,263.53
14,263.53
BTC1
95,664,131
95,664,131
BTN1
207.90
207.90
BWP1
1,396.81
1,396.81
BYN1
7,231.56
7,231.56
BZD1
7,098.55
7,098.55
CAD1
10,857.11
10,857.11
CDF1
8.84
8.84
CHF1
14,307.83
14,307.83
CLF1
601,836.98
601,836.98
CLP1
21.94
21.94
CNH1
2,128.76
2,128.76
CNY1
2,131.81
2,131.81
COP1
4.98
4.98
CRC1
25.16
25.16
CUC1
14,263.53
14,263.53
CUP1
559.35
559.35
CVE1
150.85
150.85
CZK1
645.41
645.41
DJF1
80.10
80.10
DKK1
2,240.81
2,240.81
DOP1
287.29
287.29
DZD1
121.40
121.40
EGP1
797.04
797.04
ERN1
948.38
948.38
ETB1
516.48
516.48
EUR1
16,701.56
16,701.56
FJD1
6,826.28
6,826.28
FKP1
18,879.89
18,879.89
GBP1
18,879.89
18,879.89
GEL1
5,826.37
5,826.37
GGP1
18,879.89
18,879.89
GHS1
2,981.74
2,981.74
GIP1
18,879.89
18,879.89
GMD1
298.27
298.27
GNF1
1.58
1.58
GTQ1
1,904.28
1,904.28
GYD1
67.98
67.98
HKD1
1,817.31
1,817.31
HNL1
593.07
593.07
HRK1
2,259.42
2,259.42
HTG1
211.46
211.46
HUF1
51.69
51.69
IDR1
1.00
1.00
ILS1
3,934.61
3,934.61
IMP1
18,879.89
18,879.89
INR1
208.26
208.26
IQD1
11.97
11.97
IRR1
0.32
0.32
ISK1
133.62
133.62
JEP1
18,879.89
18,879.89
JMD1
109.06
109.06
JOD1
20,103.56
20,103.56
JPY1
126.91
126.91
KES1
142.06
142.06
KGS1
208.91
208.91
KHR1
3.52
3.52
KMF1
33.93
33.93
KPW1
15.84
15.84
KRW1
12.63
12.63
KWD1
47,073.60
47,073.60
KYD1
17,124.79
17,124.79
KZT1
41.65
41.65
LAK1
1.68
1.68
LBP1
9.43
9.43
LKR1
89.25
89.25
LRD1
88.95
88.95
LSL1
1,080.16
1,080.16
LYD1
10,380.94
10,380.94
MAD1
1,508.29
1,508.29
MDL1
854.73
854.73
MGA1
4.20
4.20
MKD1
271.19
271.19
MMK1
10.01
10.01
MNT1
5.84
5.84
MOP1
1,764.89
1,764.89
MRO1
40.12
40.12
MRU1
398.31
398.31
MUR1
415.87
415.87
MVR1
925.60
925.60
MWK1
19.63
19.63
MXN1
757.18
757.18
MYR1
3,537.67
3,537.67
MZN1
242.16
242.16
NAD1
1,077.30
1,077.30
NGN1
39.51
39.51
NIO1
450.66
450.66
NOK1
1,760.03
1,760.03
NPR1
129.93
129.93
NZD1
9,677.58
9,677.58
OMR1
37,052.86
37,052.86
PAB1
14,263.53
14,263.53
PEN1
4,363.80
4,363.80
PGK1
4,334.81
4,334.81
PHP1
266.73
266.73
PKR1
117.38
117.38
PLN1
3,880.93
3,880.93
PYG1
2.49
2.49
QAR1
3,917.47
3,917.47
RON1
3,584.70
3,584.70
RSD1
141.53
141.53
RUB1
228.85
228.85
RWF1
16.31
16.31
SAR1
3,803.20
3,803.20
SBD1
1,813.00
1,813.00
SCR1
1,053.43
1,053.43
SDG1
792.43
792.43
SEK1
1,617.24
1,617.24
SGD1
10,474.27
10,474.27
SHP1
18,879.89
18,879.89
SLL1
2.26
2.26
SOS1
24.66
24.66
SRD1
1,912.51
1,912.51
SSP1
109.49
109.49
STD1
0.67
0.67
STN1
675.35
675.35
SVC1
1,630.55
1,630.55
SYP1
27.69
27.69
SZL1
1,078.52
1,078.52
THB1
428.71
428.71
TJS1
1,514.59
1,514.59
TMT1
4,063.73
4,063.73
TND1
5,426.90
5,426.90
TOP1
6,181.14
6,181.14
TRY1
2,938.90
2,938.90
TTD1
2,116.94
2,116.94
TWD1
467.77
467.77
TZS1
6.25
6.25
UAH1
544.25
544.25
UGX1
3.87
3.87
USD1
14,263.53
14,263.53
UYU1
454.74
454.74
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
131.40
131.40
WST1
5,518.02
5,518.02
XAF1
25.46
25.46
XAG1
225,347.35
225,347.35
XAU1
17,698,232.57
17,698,232.57
XCD1
5,277.80
5,277.80
XDR1
20,078.65
20,078.65
XOF1
25.46
25.46
XPD1
13,126,759.23
13,126,759.23
XPF1
139.95
139.95
XPT1
11,781,620.42
11,781,620.42
YER1
56.97
56.97
ZAR1
1,078.91
1,078.91
ZMW1
1,434.61
1,434.61
ZWL1
44.24
44.24
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