Mon, 07 Jun 2010
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (KADIN) intends to attract five billion US dollar in investment from Singapore this year.

"We have targeted the Singaporean investments will grow 10-15 percent from 4.340,96 billion last year," Iwan D. Hanafi, chairman of KADIN`s Singapore committee, said here Monday on the sidelines of a conference themed "International Arbitration in Indonesia : Practice and Procedure/"

According to him, a data released by the Singaporean government stated that in the first quarter of 2010, Singaporean investment in Indonesia reached 678.8 million US dollars.

He said the figure was most likely to grow fast and result in an annual aggregate surpassing last year`s.

Singapore is one of the largest investors in Indonesia.

"Unfortunately, there are technical problems which continue to exist including in practice and procedures in regulations," he said.

To limit the impacts of those problems, KADIN had approached various stakeholders to talk about arbitration from the practice and procedure points of view in international businesses.
"That`s what we have done to increase investments in Indonesia," he said.

Legal issues were very important in ensuring the success of an investment, he said Besides, potential investors also needed to know about Indonesian laws. Singapore would continue to play an important role in ASEAN, he said. (*)



News Search/Filter
Transaction Rates
21 Aug 17
Buy
Sell
AUD1
10,992.56
10,192.73
BND1
10,174.03
9,435.55
BTC1
53,871,001
53,871,001
CAD1
11,010.01
10,214.54
CHF1
14,357.51
13,314.34
CNH1
2,074.82
1,924.46
DKK1
2,190.51
2,032.09
EUR1
16,292.09
15,111.05
GBP1
17,841.08
16,552.10
HKD1
1,771.10
1,643.23
JPY100
12,688.89
11,769.82
LAK1
1.67
1.55
NOK1
1,749.43
1,622.27
NZD1
10,141.86
9,408.57
PGK1
4,475.17
3,933.63
SEK1
1,707.96
1,584.10
SGD1
10,174.03
9,435.55
THB1
417.19
386.85
USD1
13,855.00
12,855.00
VND1
0.61
0.57
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