Sun, 01 Aug 2010
From:
By Anthony Deutsch
The stream of upbeat economic news out of Indonesia continues with figures showing the country is on track to meet ambitious investment targets this year.

Data released by the investment coordination board Wednesday showed a 40 jump in realised domestic and foreign investment in the first six months of the year to $10.3bn. By the end of June, the country had already reached 58 per cent of its 2010 target. Investment chief Gita Wirjawan said the data was a “very promising” sign of faith in the country’s financial fundamentals.

Indonesia’s solid economic prospects are attracting billions in domestic and outside investment, but the largest growth was seen in transportation, telecomunications and storage, which made up around 10 of all new foreign capital. Wirjawan said he expects direct foreign investment to grow 22 percent over the whole of 2010.

The latest data, which excludes the banking and oil sectors, comes on top of a string of recent upgrades on Indonesian debt that has helped lift buying of both stocks and bonds. Japan this month went as far as to award it’s state debt investment grade status, but its enthusiasm has not yet been matched by the big three ratings agencies Moodys, Standard and Poors and Fitch.

Investors are showing confidence that Indonesia will continue its stellar run, even though the stock market is already up around 20 per cent so far this year. The positive sentiment is driven by faith in financial reforms, solid monetary policy, political stability and economic growth of around 6 per cent.

While most banks are positive on Indonesia, some argue that the stock market is overpriced and warn of possible inflationary pressure amid rising food and energy prices. The central bank is however expected to hold off on rate hikes until next year.



News Search/Filter
Transaction Rates
16 Jul 18
Buy
Sell
AED1
3,885.59
3,885.59
AFN1
197.13
197.13
ALL1
132.07
132.07
AMD1
29.71
29.71
ANG1
7,737.95
7,737.95
AOA1
56.07
56.07
ARS1
523.34
523.34
AUD1
10,587.37
10,587.37
AWG1
7,977.57
7,977.57
AZN1
8,382.91
8,382.91
BAM1
8,597.43
8,597.43
BBD1
7,135.95
7,135.95
BDT1
170.35
170.35
BGN1
8,527.92
8,527.92
BHD1
37,673.06
37,673.06
BIF1
8.05
8.05
BMD1
14,271.91
14,271.91
BND1
10,557.71
10,557.71
BOB1
2,066.07
2,066.07
BRL1
3,706.12
3,706.12
BSD1
14,271.91
14,271.91
BTC1
90,685,884
90,685,884
BTN1
208.52
208.52
BWP1
1,387.71
1,387.71
BYN1
7,250.59
7,250.59
BZD1
7,102.86
7,102.86
CAD1
10,847.07
10,847.07
CDF1
8.84
8.84
CHF1
14,239.87
14,239.87
CLF1
602,953.63
602,953.63
CLP1
21.92
21.92
CNH1
2,128.19
2,128.19
CNY1
2,131.53
2,131.53
COP1
4.98
4.98
CRC1
25.16
25.16
CUC1
14,271.91
14,271.91
CUP1
559.68
559.68
CVE1
150.86
150.86
CZK1
643.68
643.68
DJF1
80.17
80.17
DKK1
2,235.98
2,235.98
DOP1
287.64
287.64
DZD1
121.22
121.22
EGP1
797.33
797.33
ERN1
944.25
944.25
ETB1
517.07
517.07
EUR1
16,670.30
16,670.30
FJD1
6,801.03
6,801.03
FKP1
18,877.66
18,877.66
GBP1
18,877.66
18,877.66
GEL1
5,827.53
5,827.53
GGP1
18,877.66
18,877.66
GHS1
2,982.26
2,982.26
GIP1
18,877.66
18,877.66
GMD1
298.17
298.17
GNF1
1.57
1.57
GTQ1
1,904.82
1,904.82
GYD1
68.48
68.48
HKD1
1,818.41
1,818.41
HNL1
595.33
595.33
HRK1
2,254.66
2,254.66
HTG1
213.82
213.82
HUF1
51.54
51.54
IDR1
1.00
1.00
ILS1
3,916.28
3,916.28
IMP1
18,877.66
18,877.66
INR1
208.35
208.35
IQD1
11.97
11.97
IRR1
0.33
0.33
ISK1
133.13
133.13
JEP1
18,877.66
18,877.66
JMD1
109.37
109.37
JOD1
20,115.36
20,115.36
JPY1
126.97
126.97
KES1
141.71
141.71
KGS1
208.91
208.91
KHR1
3.52
3.52
KMF1
33.81
33.81
KPW1
15.85
15.85
KRW1
12.62
12.62
KWD1
47,087.25
47,087.25
KYD1
17,131.87
17,131.87
KZT1
41.66
41.66
LAK1
1.69
1.69
LBP1
9.42
9.42
LKR1
89.51
89.51
LRD1
89.33
89.33
LSL1
1,073.00
1,073.00
LYD1
10,413.92
10,413.92
MAD1
1,507.64
1,507.64
MDL1
854.90
854.90
MGA1
4.23
4.23
MKD1
270.41
270.41
MMK1
10.03
10.03
MNT1
5.85
5.85
MOP1
1,766.12
1,766.12
MRO1
40.14
40.14
MRU1
398.43
398.43
MUR1
416.08
416.08
MVR1
926.74
926.74
MWK1
19.71
19.71
MXN1
754.95
754.95
MYR1
3,522.62
3,522.62
MZN1
242.14
242.14
NAD1
1,072.99
1,072.99
NGN1
39.58
39.58
NIO1
450.45
450.45
NOK1
1,757.53
1,757.53
NPR1
130.34
130.34
NZD1
9,651.87
9,651.87
OMR1
37,079.05
37,079.05
PAB1
14,271.91
14,271.91
PEN1
4,365.12
4,365.12
PGK1
4,339.96
4,339.96
PHP1
266.44
266.44
PKR1
117.32
117.32
PLN1
3,865.05
3,865.05
PYG1
2.50
2.50
QAR1
3,919.96
3,919.96
RON1
3,579.00
3,579.00
RSD1
141.27
141.27
RUB1
228.27
228.27
RWF1
16.42
16.42
SAR1
3,805.48
3,805.48
SBD1
1,813.35
1,813.35
SCR1
1,054.02
1,054.02
SDG1
790.76
790.76
SEK1
1,604.61
1,604.61
SGD1
10,449.03
10,449.03
SHP1
18,877.66
18,877.66
SLL1
2.26
2.26
SOS1
24.69
24.69
SRD1
1,913.63
1,913.63
SSP1
109.56
109.56
STD1
0.67
0.67
STN1
675.75
675.75
SVC1
1,631.64
1,631.64
SYP1
27.69
27.69
SZL1
1,072.33
1,072.33
THB1
428.46
428.46
TJS1
1,554.20
1,554.20
TMT1
4,077.70
4,077.70
TND1
5,401.38
5,401.38
TOP1
6,184.77
6,184.77
TRY1
2,938.85
2,938.85
TTD1
2,118.24
2,118.24
TWD1
466.69
466.69
TZS1
6.27
6.27
UAH1
544.28
544.28
UGX1
3.84
3.84
USD1
14,271.91
14,271.91
UYU1
454.92
454.92
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
130.69
130.69
WST1
5,521.26
5,521.26
XAF1
25.41
25.41
XAG1
225,719.93
225,719.93
XAU1
17,714,779.99
17,714,779.99
XCD1
5,280.90
5,280.90
XDR1
20,009.07
20,009.07
XOF1
25.41
25.41
XPD1
13,436,561.47
13,436,561.47
XPF1
139.69
139.69
XPT1
11,830,950.74
11,830,950.74
YER1
56.99
56.99
ZAR1
1,075.85
1,075.85
ZMW1
1,441.30
1,441.30
ZWL1
44.27
44.27
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