Wed, 30 Aug 2006
Indonesia Not Yet Japan's Main Investment Destination
Wednesday, 30 August, 2006 | 15:06 WIB

TEMPO Interactive, Jakarta: Indonesia is not yet Japan's main destination as regards investment despite the fact that Japan is the largest investor in Indonesia.

Trade Minister Mari Elka Pangestu has stated that now the value of Japan's investment in Indonesia is not as large as the one before the economic crisis occurred.

“Japan prefers China, Vietnam and Thailand. Indonesia is stagnant,” Mari said yesterday (29/8).

The Japanese Ambassador to Indonesia, Ebihara, confirmed that there had been a decrease in the value of Japan's investment.

In 1997, the value of Japan's investment reached US$8 billion, while last year it only amounted to US$1.2 billion.

However, Japanese investors have evaluated that the chance of investment in Indonesia remains high.

“Compared to other Asian countries, Indonesia has a high potential in terms of population growth,” said Ebihara.

The Capital Investment Coordinating Body has stated that Japan's investment in Indonesia during January to June of this year has increased by 110 percent to US$653.4 million, compared to the same period last year.

The target of Japan's investment is the automotive industry sector with US$258.3 million.

Other sectors include the electronic, trade, printing, plastic and rubber sectors.

RR Ariyani



News Search/Filter
Transaction Rates
23 Jul 18
Buy
Sell
AED1
3,897.16
3,897.16
AFN1
196.36
196.36
ALL1
133.46
133.46
AMD1
29.81
29.81
ANG1
7,753.25
7,753.25
AOA1
55.94
55.94
ARS1
520.20
520.20
AUD1
10,637.91
10,637.91
AWG1
8,001.26
8,001.26
AZN1
8,407.81
8,407.81
BAM1
8,585.37
8,585.37
BBD1
7,157.15
7,157.15
BDT1
170.56
170.56
BGN1
8,585.32
8,585.32
BHD1
37,903.83
37,903.83
BIF1
8.01
8.01
BMD1
14,314.30
14,314.30
BND1
9,473.47
9,473.47
BOB1
2,085.79
2,085.79
BRL1
3,794.58
3,794.58
BSD1
14,314.30
14,314.30
BTC1
110,168,454
110,168,454
BTN1
209.15
209.15
BWP1
1,391.53
1,391.53
BYN1
7,213.66
7,213.66
BZD1
7,117.06
7,117.06
CAD1
10,910.17
10,910.17
CDF1
8.85
8.85
CHF1
14,443.85
14,443.85
CLF1
595,189.56
595,189.56
CLP1
21.66
21.66
CNH1
2,115.01
2,115.01
CNY1
2,117.84
2,117.84
COP1
5.00
5.00
CRC1
25.22
25.22
CUC1
14,314.30
14,314.30
CUP1
561.34
561.34
CVE1
151.55
151.55
CZK1
649.81
649.81
DJF1
80.40
80.40
DKK1
2,255.05
2,255.05
DOP1
288.71
288.71
DZD1
121.63
121.63
EGP1
801.06
801.06
ERN1
945.62
945.62
ETB1
517.50
517.50
EUR1
16,806.19
16,806.19
FJD1
6,777.77
6,777.77
FKP1
18,817.70
18,817.70
GBP1
18,817.70
18,817.70
GEL1
5,851.61
5,851.61
GGP1
18,817.70
18,817.70
GHS1
2,985.25
2,985.25
GIP1
18,817.70
18,817.70
GMD1
297.90
297.90
GNF1
1.57
1.57
GTQ1
1,909.23
1,909.23
GYD1
68.89
68.89
HKD1
1,823.60
1,823.60
HNL1
595.68
595.68
HRK1
2,269.44
2,269.44
HTG1
213.19
213.19
HUF1
51.65
51.65
IDR1
1.00
1.00
ILS1
3,939.05
3,939.05
IMP1
18,817.70
18,817.70
INR1
208.23
208.23
IQD1
12.07
12.07
IRR1
0.32
0.32
ISK1
134.87
134.87
JEP1
18,817.70
18,817.70
JMD1
109.72
109.72
JOD1
20,175.09
20,175.09
JPY1
128.88
128.88
KES1
143.20
143.20
KGS1
209.74
209.74
KHR1
3.52
3.52
KMF1
34.06
34.06
KPW1
15.90
15.90
KRW1
12.68
12.68
KWD1
47,312.67
47,312.67
KYD1
17,166.07
17,166.07
KZT1
41.58
41.58
LAK1
1.71
1.71
LBP1
9.47
9.47
LKR1
90.10
90.10
LRD1
93.40
93.40
LSL1
1,066.59
1,066.59
LYD1
10,446.91
10,446.91
MAD1
1,517.54
1,517.54
MDL1
863.31
863.31
MGA1
4.26
4.26
MKD1
272.33
272.33
MMK1
9.94
9.94
MNT1
5.86
5.86
MOP1
1,771.88
1,771.88
MRO1
40.20
40.20
MRU1
399.28
399.28
MUR1
417.81
417.81
MVR1
929.50
929.50
MWK1
19.70
19.70
MXN1
752.39
752.39
MYR1
3,524.39
3,524.39
MZN1
242.01
242.01
NAD1
1,066.59
1,066.59
NGN1
39.86
39.86
NIO1
451.69
451.69
NOK1
1,753.84
1,753.84
NPR1
130.72
130.72
NZD1
9,761.49
9,761.49
OMR1
37,187.55
37,187.55
PAB1
14,314.30
14,314.30
PEN1
4,370.78
4,370.78
PGK1
4,363.70
4,363.70
PHP1
270.08
270.08
PKR1
111.55
111.55
PLN1
3,890.20
3,890.20
PYG1
2.51
2.51
QAR1
3,931.31
3,931.31
RON1
3,600.38
3,600.38
RSD1
142.19
142.19
RUB1
225.79
225.79
RWF1
16.47
16.47
SAR1
3,816.79
3,816.79
SBD1
1,815.15
1,815.15
SCR1
1,057.85
1,057.85
SDG1
797.76
797.76
SEK1
1,617.84
1,617.84
SGD1
10,516.88
10,516.88
SHP1
18,817.70
18,817.70
SLL1
2.19
2.19
SOS1
24.91
24.91
SRD1
1,919.32
1,919.32
SSP1
109.88
109.88
STD1
0.68
0.68
STN1
675.20
675.20
SVC1
1,634.71
1,634.71
SYP1
27.80
27.80
SZL1
1,066.59
1,066.59
THB1
429.73
429.73
TJS1
1,530.83
1,530.83
TMT1
4,078.17
4,078.17
TND1
5,430.28
5,430.28
TOP1
6,154.20
6,154.20
TRY1
2,994.43
2,994.43
TTD1
2,125.37
2,125.37
TWD1
468.04
468.04
TZS1
6.27
6.27
UAH1
545.10
545.10
UGX1
3.85
3.85
USD1
14,314.30
14,314.30
UYU1
458.29
458.29
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.21
131.21
WST1
5,520.57
5,520.57
XAF1
25.62
25.62
XAG1
222,393.88
222,393.88
XAU1
17,648,020.07
17,648,020.07
XCD1
5,296.59
5,296.59
XDR1
20,043.33
20,043.33
XOF1
25.62
25.62
XPD1
14,172,583.25
14,172,583.25
XPF1
140.83
140.83
XPT1
11,916,575.02
11,916,575.02
YER1
57.18
57.18
ZAR1
1,068.28
1,068.28
ZMW1
1,463.14
1,463.14
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