Thu, 26 Feb 2009
Poor prices for minerals and agricultural products depressed growth during the fourth quarter, when growth was recorded at 5.4%, while full-year 2008 came in at 6.1%, the Central Bureau of Statistics (BPS) reported last week.

The mining industry was the poorest performer during 2008, contributing only 0.5% of the overall growth.

In the fourth quarter, construction, transport and communications, financial ownership and business services and services showed growth, while other sectors showed decline, with agriculture, livestock, forestry and fisheries contracting by 22.9% as prices for commodities such as crude palm oil fell.

The most positive growth during 2008 came from transport and communications, at 16.7% for the full year, followed by electricity, gas and water supply with growth of 10.9%. All other sectors saw single-digit growth.

In terms of the overall structure of the economy, household consumption continued to dominate with 61% of activity, down from 63.8% in 2007, with exports in second place at 29.8%.
Looking ahead, the trade minister said on Saturday that export volumes for non-oil and gas items are set to fall this year from 2008 as global trade slows, Reuters reported.

Earlier this month, Trade Minister Mari Pangestu said Indonesia's non-oil and gas export growth target had been revised to below 4.3% for 2009. On Saturday she told reporters the outlook was worse.

"Based on container flows for January-February, exports volume this year may decline by between 20% to 30%. Non-oil and gas exports are expected to fall," Pangestu said.

She added that exports of automotive products and electronics would be worst hit.

Car exports through the Jakarta International Container Terminal, the country's largest shipping terminal, fell to 9,391 units in January, from 13,000 units in December, Pangestu said, a decline of about 27%.

Earlier, Pangestu said growth in total exports would slow to just 1-2.5% this year, from about 20% in 2008. The government had previously forecast total exports would grow 5% in 2009.
To boost employment and consumer demand, President Susilo Bambang Yudhoyono’s government plans a Rp71.3 trillion ($6 billion) stimulus package. That includes a plan to give tax breaks that will save individuals and companies Rp43 trillion in payments this year, Bloomberg reported.

The government said it will also spend Rp15 trillion on discounts for electricity tariffs and public works, adding to a previous plan to outlay Rp12.5 trillion on a stimulus package meant to subsidize taxes and duties.

Meanwhile Indonesia's per capita income rose 24% to $2,271 in 2008 from $1,942 in 2007 with gross domestic product (GDP) at Rp4,954 trillion ($450 billion) based on current prices, up from $1,186.2 in 2004, Antara reported.

Last year, the country's GDP based on constant prices reached Rp2,082.1 trillion, BPS head Rusman Heriawan said.

Communication and information Minister Muhammad Nuh said on Wednesday that the number of poor is predicted to decrease by 4 million to 33.714 million in 2009, Xinhua reported.

Nuh said the fall in the poverty rate would not be as much as expected due to the global financial crisis.

Despite projections of a slump in economic growth and the 9% inflation rate, the minister was optimistic that the number of poor people would be reduced.



Source : Central Agency of Statistics



News Search/Filter
Transaction Rates
22 Jul 18
Buy
Sell
AED1
3,897.35
3,897.35
AFN1
196.38
196.38
ALL1
133.47
133.47
AMD1
29.81
29.81
ANG1
7,753.99
7,753.99
AOA1
55.94
55.94
ARS1
519.14
519.14
AUD1
10,613.64
10,613.64
AWG1
8,002.03
8,002.03
AZN1
8,408.62
8,408.62
BAM1
8,586.19
8,586.19
BBD1
7,157.84
7,157.84
BDT1
170.57
170.57
BGN1
8,586.68
8,586.68
BHD1
37,907.47
37,907.47
BIF1
8.01
8.01
BMD1
14,315.68
14,315.68
BND1
9,474.38
9,474.38
BOB1
2,085.99
2,085.99
BRL1
3,798.27
3,798.27
BSD1
14,315.68
14,315.68
BTC1
106,439,240
106,439,240
BTN1
209.17
209.17
BWP1
1,391.67
1,391.67
BYN1
7,214.35
7,214.35
BZD1
7,117.75
7,117.75
CAD1
10,885.64
10,885.64
CDF1
8.85
8.85
CHF1
14,420.01
14,420.01
CLF1
595,246.63
595,246.63
CLP1
21.66
21.66
CNH1
2,111.86
2,111.86
CNY1
2,114.38
2,114.38
COP1
5.00
5.00
CRC1
25.22
25.22
CUC1
14,315.68
14,315.68
CUP1
561.39
561.39
CVE1
151.56
151.56
CZK1
648.69
648.69
DJF1
80.41
80.41
DKK1
2,252.02
2,252.02
DOP1
288.74
288.74
DZD1
121.66
121.66
EGP1
799.75
799.75
ERN1
945.59
945.59
ETB1
517.55
517.55
EUR1
16,790.85
16,790.85
FJD1
6,778.42
6,778.42
FKP1
18,800.80
18,800.80
GBP1
18,800.80
18,800.80
GEL1
5,851.63
5,851.63
GGP1
18,800.80
18,800.80
GHS1
2,985.54
2,985.54
GIP1
18,800.80
18,800.80
GMD1
297.93
297.93
GNF1
1.57
1.57
GTQ1
1,909.41
1,909.41
GYD1
68.89
68.89
HKD1
1,823.66
1,823.66
HNL1
595.74
595.74
HRK1
2,271.41
2,271.41
HTG1
213.21
213.21
HUF1
51.55
51.55
IDR1
1.00
1.00
ILS1
3,945.46
3,945.46
IMP1
18,800.80
18,800.80
INR1
208.23
208.23
IQD1
12.08
12.08
IRR1
0.32
0.32
ISK1
134.69
134.69
JEP1
18,800.80
18,800.80
JMD1
109.73
109.73
JOD1
20,177.02
20,177.02
JPY1
128.47
128.47
KES1
142.27
142.27
KGS1
209.76
209.76
KHR1
3.52
3.52
KMF1
34.07
34.07
KPW1
15.90
15.90
KRW1
12.69
12.69
KWD1
47,317.21
47,317.21
KYD1
17,167.72
17,167.72
KZT1
41.59
41.59
LAK1
1.71
1.71
LBP1
9.47
9.47
LKR1
90.11
90.11
LRD1
93.41
93.41
LSL1
1,066.69
1,066.69
LYD1
10,447.91
10,447.91
MAD1
1,517.69
1,517.69
MDL1
857.71
857.71
MGA1
4.26
4.26
MKD1
272.41
272.41
MMK1
9.94
9.94
MNT1
5.86
5.86
MOP1
1,772.05
1,772.05
MRO1
40.21
40.21
MRU1
399.32
399.32
MUR1
416.15
416.15
MVR1
929.58
929.58
MWK1
19.70
19.70
MXN1
752.53
752.53
MYR1
3,523.87
3,523.87
MZN1
242.04
242.04
NAD1
1,066.69
1,066.69
NGN1
39.87
39.87
NIO1
451.74
451.74
NOK1
1,750.19
1,750.19
NPR1
130.73
130.73
NZD1
9,743.25
9,743.25
OMR1
37,191.12
37,191.12
PAB1
14,315.68
14,315.68
PEN1
4,371.20
4,371.20
PGK1
4,364.12
4,364.12
PHP1
268.74
268.74
PKR1
111.56
111.56
PLN1
3,885.64
3,885.64
PYG1
2.51
2.51
QAR1
3,931.69
3,931.69
RON1
3,605.78
3,605.78
RSD1
142.30
142.30
RUB1
225.54
225.54
RWF1
16.47
16.47
SAR1
3,817.46
3,817.46
SBD1
1,815.32
1,815.32
SCR1
1,057.95
1,057.95
SDG1
797.84
797.84
SEK1
1,617.18
1,617.18
SGD1
10,508.46
10,508.46
SHP1
18,800.80
18,800.80
SLL1
2.19
2.19
SOS1
24.91
24.91
SRD1
1,919.50
1,919.50
SSP1
109.89
109.89
STD1
0.68
0.68
STN1
675.26
675.26
SVC1
1,634.87
1,634.87
SYP1
27.79
27.79
SZL1
1,066.69
1,066.69
THB1
430.98
430.98
TJS1
1,530.97
1,530.97
TMT1
4,078.56
4,078.56
TND1
5,430.80
5,430.80
TOP1
6,154.79
6,154.79
TRY1
2,988.10
2,988.10
TTD1
2,125.58
2,125.58
TWD1
468.07
468.07
TZS1
6.28
6.28
UAH1
545.16
545.16
UGX1
3.85
3.85
USD1
14,315.68
14,315.68
UYU1
462.36
462.36
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.22
131.22
WST1
5,521.10
5,521.10
XAF1
25.59
25.59
XAG1
222,091.17
222,091.17
XAU1
17,634,710.43
17,634,710.43
XCD1
5,297.10
5,297.10
XDR1
20,045.25
20,045.25
XOF1
25.59
25.59
XPD1
14,173,942.16
14,173,942.16
XPF1
140.70
140.70
XPT1
11,860,548.12
11,860,548.12
YER1
57.19
57.19
ZAR1
1,066.35
1,066.35
ZMW1
1,463.28
1,463.28
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