Thu, 25 Nov 2010
From: The Jakarta Globe
By Shirley Christie
Jakarta. A draft bill to regulate land acquisition for public projects was sent to the president last week and would reach the legislature before the end of the year, the head of the National Land Agency said on Wednesday.

The assurance came during a luncheon hosted by the Jakarta Foreign Correspondents Club, where Joyo Winoto, the head of the agency, also known as the BPN, was a guest speaker.

According to Joyo, the government plans to conduct “peaceful and lawful” agrarian reform to accelerate the country’s infrastructure development and correct land ownership imbalances.

Joyo said the reform was key to accelerating economic growth and allowing Indonesia to follow in the footsteps of countries like Japan, India and China, all of which had successfully converted farm land for industrialization while protecting the rights of land owners.

The government is restricted in its ability to redistribute land due to strong public resistance.

“We exercise ways to redistribute wealth within society, but every time we talk about land acquisition, everyone is pessimistic,” Joyo said.

He said the new Agrarian Law was based on the principles of Pancasila, the state ideology, and existing laws. “Basically, with the Agrarian Law, Articles 1 to 15, the emphasis is on social justice. The rest is how to manage control of land by society,” he said.

Joyo added that the law would tread a middle line between socialism and capitalism because it acknowledged private ownership but also involved the community.

He later explained that the market-based agrarian reform strategy, which has been used by the World Bank, would expand the land market by facilitating the transfer of ownership transparently and without force.

Countries such as Zimbabwe have adopted radical reform policies, but Indonesia, he said, did not want to head down that path.

Joyo said the government would determine land use through consensus and ensure sale prices were based on transparent administrative value, also called NJOP, determined by government officials. An independent land appraisal unit would determine land values, he said.

If the price was in dispute, landowners could appeal to a local court, which would have 14 days to decide on the value.

Vital infrastructure projects often grind to a halt due to land acquisition problems, which analysts say discourage potential investors.



News Search/Filter
Transaction Rates
19 Oct 18
Buy
Sell
AED1
4,156.09
4,156.09
AFN1
200.85
200.85
ALL1
139.46
139.46
AMD1
31.59
31.59
ANG1
8,599.38
8,599.38
AOA1
50.47
50.47
ARS1
415.58
415.58
AUD1
10,832.05
10,832.05
AWG1
8,480.52
8,480.52
AZN1
8,966.17
8,966.17
BAM1
8,989.90
8,989.90
BBD1
7,632.45
7,632.45
BDT1
180.00
180.00
BGN1
8,940.39
8,940.39
BHD1
40,496.18
40,496.18
BIF1
8.52
8.52
BMD1
15,264.91
15,264.91
BND1
10,822.65
10,822.65
BOB1
2,208.63
2,208.63
BRL1
4,102.46
4,102.46
BSD1
15,264.91
15,264.91
BTC1
97,727,453
97,727,453
BTN1
207.56
207.56
BWP1
1,434.50
1,434.50
BYN1
7,233.41
7,233.41
BZD1
7,593.93
7,593.93
CAD1
11,671.11
11,671.11
CDF1
9.34
9.34
CHF1
15,327.75
15,327.75
CLF1
652,904.83
652,904.83
CLP1
22.57
22.57
CNH1
2,197.53
2,197.53
CNY1
2,200.28
2,200.28
COP1
4.94
4.94
CRC1
25.73
25.73
CUC1
15,264.91
15,264.91
CUP1
592.81
592.81
CVE1
160.01
160.01
CZK1
675.65
675.65
DJF1
85.73
85.73
DKK1
2,343.76
2,343.76
DOP1
305.30
305.30
DZD1
128.61
128.61
EGP1
852.31
852.31
ERN1
1,017.78
1,017.78
ETB1
547.64
547.64
EUR1
17,484.56
17,484.56
FJD1
7,143.83
7,143.83
FKP1
19,873.60
19,873.60
GBP1
19,873.60
19,873.60
GEL1
6,238.24
6,238.24
GGP1
19,873.60
19,873.60
GHS1
3,161.88
3,161.88
GIP1
19,873.60
19,873.60
GMD1
308.46
308.46
GNF1
1.68
1.68
GTQ1
1,973.35
1,973.35
GYD1
72.99
72.99
HKD1
1,947.43
1,947.43
HNL1
633.66
633.66
HRK1
2,356.96
2,356.96
HTG1
214.10
214.10
HUF1
54.10
54.10
IDR1
1.00
1.00
ILS1
4,171.93
4,171.93
IMP1
19,873.60
19,873.60
INR1
207.63
207.63
IQD1
12.80
12.80
IRR1
0.35
0.35
ISK1
129.62
129.62
JEP1
19,873.60
19,873.60
JMD1
115.42
115.42
JOD1
21,505.81
21,505.81
JPY1
136.05
136.05
KES1
151.46
151.46
KGS1
222.74
222.74
KHR1
3.72
3.72
KMF1
35.92
35.92
KPW1
16.96
16.96
KRW1
13.41
13.41
KWD1
50,341.70
50,341.70
KYD1
18,316.82
18,316.82
KZT1
41.88
41.88
LAK1
1.78
1.78
LBP1
10.09
10.09
LKR1
89.11
89.11
LRD1
97.22
97.22
LSL1
1,064.56
1,064.56
LYD1
11,040.70
11,040.70
MAD1
1,605.86
1,605.86
MDL1
896.65
896.65
MGA1
4.32
4.32
MKD1
285.16
285.16
MMK1
9.59
9.59
MNT1
6.12
6.12
MOP1
1,890.37
1,890.37
MRO1
42.75
42.75
MRU1
425.08
425.08
MUR1
443.79
443.79
MVR1
987.38
987.38
MWK1
20.98
20.98
MXN1
796.91
796.91
MYR1
3,663.98
3,663.98
MZN1
251.92
251.92
NAD1
1,047.69
1,047.69
NGN1
41.99
41.99
NIO1
474.27
474.27
NOK1
1,844.40
1,844.40
NPR1
129.73
129.73
NZD1
9,979.51
9,979.51
OMR1
39,655.41
39,655.41
PAB1
15,264.91
15,264.91
PEN1
4,575.12
4,575.12
PGK1
4,545.77
4,545.77
PHP1
281.85
281.85
PKR1
114.84
114.84
PLN1
4,060.93
4,060.93
PYG1
2.56
2.56
QAR1
4,192.41
4,192.41
RON1
3,743.99
3,743.99
RSD1
147.40
147.40
RUB1
231.94
231.94
RWF1
17.34
17.34
SAR1
4,069.07
4,069.07
SBD1
1,917.73
1,917.73
SCR1
1,099.30
1,099.30
SDG1
324.29
324.29
SEK1
1,687.99
1,687.99
SGD1
11,049.92
11,049.92
SHP1
19,873.60
19,873.60
SLL1
1.81
1.81
SOS1
26.33
26.33
SRD1
2,046.78
2,046.78
SSP1
117.18
117.18
STD1
0.72
0.72
STN1
719.36
719.36
SVC1
1,744.45
1,744.45
SYP1
29.63
29.63
SZL1
1,066.20
1,066.20
THB1
467.51
467.51
TJS1
1,621.43
1,621.43
TMT1
4,349.00
4,349.00
TND1
5,363.83
5,363.83
TOP1
6,619.96
6,619.96
TRY1
2,708.22
2,708.22
TTD1
2,264.58
2,264.58
TWD1
493.03
493.03
TZS1
6.67
6.67
UAH1
544.34
544.34
UGX1
4.02
4.02
USD1
15,264.91
15,264.91
UYU1
465.54
465.54
UZS1
1.85
1.85
VEF1
0.06
0.06
VND1
0.65
0.65
VUV1
137.28
137.28
WST1
5,826.50
5,826.50
XAF1
26.65
26.65
XAG1
222,577.30
222,577.30
XAU1
18,713,654.36
18,713,654.36
XCD1
5,648.33
5,648.33
XDR1
21,303.58
21,303.58
XOF1
26.65
26.65
XPD1
16,393,967.54
16,393,967.54
XPF1
146.52
146.52
XPT1
12,639,239.40
12,639,239.40
YER1
60.98
60.98
ZAR1
1,056.91
1,056.91
ZMW1
1,280.00
1,280.00
ZWL1
47.35
47.35
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