Wed, 15 Jun 2011
Jakarta (ANTARA News) - HSBC Holdings United Kingdom plans to expand its investment in Indonesia to follow business developments in the country.

"Indonesia has great potentials to grow," Group Chief Executive of HSBC Holdings United Kingdom Stuart T Gulliver said at the World Economic Forum on East Asia here on Sunday.

HSBC which has been operating in Indonesia since 1984 is currently employing around 5,000 Indonesians, he said.

"There is a great potential. We will increase the number of employees and the amount of investment," he said.

According to him, Indonesia has good prospects. It is a Muslim democratic country which becomes a regional leader.

Responding to infrastructure financing, Stuart said banks must think accurately when they are going to finance infrastructure projects.

Infrastructure financing is long term financing covering 20 to 30 years, while banking funds do not cover that long period of time, he said.

It will be proper if infrastructure financing is left to insurance companies and pension fund companies which have long-term funds, he said.

Meanwhile, Chairman of the Investment Coordinating Board (BKPM) Gita Wirjawan said the issue of accelerated infrastructure development no longer rests with funds but with how to offer the projects in a way that investors are willing to invest.

"We must keep trying to create investment friendly condition," he said.

He said the government and the House of Representatives (DPR) are deliberating a bill on land clearance.

"The bill will soon be passed into law to deal with problems related to accelerated infrastructure development," he said



News Search/Filter
Transaction Rates
26 May 18
Buy
Sell
AED1
3,841.20
3,841.20
AFN1
196.39
196.39
ALL1
129.88
129.88
AMD1
29.23
29.23
ANG1
7,857.46
7,857.46
AOA1
60.15
60.15
ARS1
573.90
573.90
AUD1
10,659.11
10,659.11
AWG1
7,893.04
7,893.04
AZN1
8,287.11
8,287.11
BAM1
8,443.99
8,443.99
BBD1
7,054.40
7,054.40
BDT1
166.91
166.91
BGN1
8,420.63
8,420.63
BHD1
37,361.97
37,361.97
BIF1
7.88
7.88
BMD1
14,108.81
14,108.81
BND1
10,484.35
10,484.35
BOB1
2,041.12
2,041.12
BRL1
3,860.35
3,860.35
BSD1
14,108.81
14,108.81
BTC1
104,131,851
104,131,851
BTN1
208.14
208.14
BWP1
1,420.92
1,420.92
BYN1
7,039.59
7,039.59
BZD1
7,016.83
7,016.83
CAD1
10,877.89
10,877.89
CDF1
8.73
8.73
CHF1
14,254.42
14,254.42
CLF1
617,724.00
617,724.00
CLP1
22.58
22.58
CNH1
2,208.40
2,208.40
CNY1
2,208.57
2,208.57
COP1
4.90
4.90
CRC1
24.93
24.93
CUC1
14,108.81
14,108.81
CUP1
553.28
553.28
CVE1
149.77
149.77
CZK1
638.93
638.93
DJF1
79.26
79.26
DKK1
2,206.53
2,206.53
DOP1
285.25
285.25
DZD1
121.20
121.20
EGP1
787.87
787.87
ERN1
934.42
934.42
ETB1
512.86
512.86
EUR1
16,445.95
16,445.95
FJD1
6,816.68
6,816.68
FKP1
18,774.58
18,774.58
GBP1
18,774.58
18,774.58
GEL1
5,703.96
5,703.96
GGP1
18,774.58
18,774.58
GHS1
3,043.97
3,043.97
GIP1
18,774.58
18,774.58
GMD1
299.16
299.16
GNF1
1.56
1.56
GTQ1
1,886.83
1,886.83
GYD1
67.46
67.46
HKD1
1,798.18
1,798.18
HNL1
591.07
591.07
HRK1
2,224.10
2,224.10
HTG1
219.26
219.26
HUF1
51.44
51.44
IDR1
1.00
1.00
ILS1
3,961.85
3,961.85
IMP1
18,774.58
18,774.58
INR1
208.30
208.30
IQD1
11.87
11.87
IRR1
0.33
0.33
ISK1
132.81
132.81
JEP1
18,774.58
18,774.58
JMD1
111.71
111.71
JOD1
19,888.21
19,888.21
JPY1
128.96
128.96
KES1
139.42
139.42
KGS1
206.70
206.70
KHR1
3.46
3.46
KMF1
33.42
33.42
KPW1
15.67
15.67
KRW1
13.09
13.09
KWD1
46,667.40
46,667.40
KYD1
16,924.65
16,924.65
KZT1
42.90
42.90
LAK1
1.68
1.68
LBP1
9.32
9.32
LKR1
89.27
89.27
LRD1
102.62
102.62
LSL1
1,131.87
1,131.87
LYD1
10,412.41
10,412.41
MAD1
1,484.35
1,484.35
MDL1
838.41
838.41
MGA1
4.31
4.31
MKD1
266.90
266.90
MMK1
10.39
10.39
MNT1
5.85
5.85
MOP1
1,745.36
1,745.36
MRO1
39.68
39.68
MRU1
395.20
395.20
MUR1
405.01
405.01
MVR1
909.67
909.67
MWK1
19.59
19.59
MXN1
722.08
722.08
MYR1
3,544.06
3,544.06
MZN1
232.75
232.75
NAD1
1,130.06
1,130.06
NGN1
39.08
39.08
NIO1
448.61
448.61
NOK1
1,726.37
1,726.37
NPR1
130.06
130.06
NZD1
9,757.65
9,757.65
OMR1
36,644.65
36,644.65
PAB1
14,108.81
14,108.81
PEN1
4,316.60
4,316.60
PGK1
4,320.36
4,320.36
PHP1
268.15
268.15
PKR1
122.04
122.04
PLN1
3,814.88
3,814.88
PYG1
2.47
2.47
QAR1
3,874.98
3,874.98
RON1
3,552.08
3,552.08
RSD1
139.14
139.14
RUB1
226.81
226.81
RWF1
16.38
16.38
SAR1
3,760.54
3,760.54
SBD1
1,792.37
1,792.37
SCR1
1,048.78
1,048.78
SDG1
783.60
783.60
SEK1
1,609.12
1,609.12
SGD1
10,514.85
10,514.85
SHP1
18,774.58
18,774.58
SLL1
1.80
1.80
SOS1
24.64
24.64
SRD1
1,889.23
1,889.23
SSP1
108.30
108.30
STD1
0.67
0.67
STN1
669.93
669.93
SVC1
1,611.97
1,611.97
SYP1
27.39
27.39
SZL1
1,130.06
1,130.06
THB1
442.31
442.31
TJS1
1,569.65
1,569.65
TMT1
4,019.62
4,019.62
TND1
5,526.81
5,526.81
TOP1
6,176.24
6,176.24
TRY1
2,996.71
2,996.71
TTD1
2,092.62
2,092.62
TWD1
470.96
470.96
TZS1
6.18
6.18
UAH1
540.22
540.22
UGX1
3.77
3.77
USD1
14,108.81
14,108.81
UYU1
451.22
451.22
UZS1
1.76
1.76
VEF1
0.17
0.17
VND1
0.61
0.61
VUV1
131.31
131.31
WST1
5,481.42
5,481.42
XAF1
25.07
25.07
XAG1
232,750.99
232,750.99
XAU1
18,363,203.04
18,363,203.04
XCD1
5,220.55
5,220.55
XDR1
20,008.95
20,008.95
XOF1
25.07
25.07
XPD1
13,851,320.11
13,851,320.11
XPF1
137.81
137.81
XPT1
12,726,467.28
12,726,467.28
YER1
56.35
56.35
ZAR1
1,127.97
1,127.97
ZMW1
1,361.85
1,361.85
ZWL1
43.76
43.76
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