Wed, 14 Feb 2007
Indonesia has invited Japan to construct 10 Manufacturing Industry Development Centers (MIDEC) within the framework of the Indonesia-Japan Economic Partnership Agreement (IJEPA).

"We have asked Japan to develop MIDECs in Indonesia to compensate for an unbalanced partnership, considering that Japan is much more advanced than Indonesia," the Industry Department’s expert staff in charge of strengthening the industrial structure, Achdiat Atmawinata said, according to Antara.

"Indonesia is counting on the MIDECs, in addition to the Prosperity Program, to improve the purchasing power of the Indonesian people," Atmawinata said.

MIDECs are needed to increase Indonesia’s industrial capacity, especially in three main IJEPA movers the automotive, electronic and construction machinery sectors -- where Japan has heavily invested, he said.

The MIDECs would focus on improving industrial technology and strengthening human resources, particularly in the fields of metal work, tooling and welding techniques, energy conservation, export and investment promotion, and small- and medium-scale businesses.

The 10 proposed MIDECs include an automotive, electronic and construction machinery center, a public facility center, a promotion center, a food and beverage development center, a textile center, and a steel center.



News Search/Filter
Transaction Rates
20 Feb 18
Buy
Sell
AUD1
11,124.71
10,332.90
BND1
10,701.90
9,939.93
BTC1
153,084,634
153,084,634
CAD1
11,188.58
10,392.72
CHF1
15,129.00
14,047.93
CNH1
2,229.14
2,070.71
DKK1
2,341.09
2,174.38
EUR1
17,439.26
16,194.83
GBP1
19,674.05
18,273.44
HKD1
1,799.09
1,671.18
JPY100
13,189.32
12,248.66
LAK1
1.70
1.58
NOK1
1,805.20
1,676.28
NZD1
10,356.32
9,615.19
PGK1
4,447.07
3,934.97
SEK1
1,758.47
1,632.90
SGD1
10,701.90
9,939.93
THB1
447.61
415.68
USD1
14,073.00
13,073.00
VND1
0.62
0.58
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