Sun, 03 May 2009
Aditya Suharmoko, The Jakarta Post, Jakarta

Indonesia's economy is estimated to pick up in the second quarter next year as exports start to move up after diminishing this year, according to the Asian Development Bank (ADB).

"Export demand will be a major driver (for the economic pickup). But our recommendation is all Asia should try to rebalance exports and domestic demand," ADB managing director general Rajat M. Nag said in an interview Saturday.

Rajat forecast Indonesia's economy to drop to 3.6 percent this year, from a 6.1 percent growth in 2008, with an inflation rate of 6.3 percent.

He expected the economy would reach a 5 percent growth next year as the world economy began recovery from the global financial crisis.

Indonesia aimed for the economy to grow by between 5 percent and 6 percent next year, said Finance Minister Sri Mulyani Indrawati.



News Search/Filter
Transaction Rates
19 Oct 17
Buy
Sell
AUD1
11,006.49
10,220.18
BND1
10,323.22
9,581.31
BTC1
76,190,502
76,190,502
CAD1
11,246.49
10,441.02
CHF1
14,301.31
13,275.90
CNH1
2,112.49
1,961.53
DKK1
2,222.45
2,063.62
EUR1
16,546.18
15,362.18
GBP1
18,516.13
17,191.63
HKD1
1,796.46
1,668.27
JPY100
12,406.87
11,519.95
LAK1
1.69
1.57
NOK1
1,762.43
1,635.70
NZD1
10,005.39
9,289.18
PGK1
4,486.72
3,971.41
SEK1
1,722.95
1,599.36
SGD1
10,323.22
9,581.31
THB1
422.83
392.44
USD1
14,021.00
13,021.00
VND1
0.62
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