Tue, 19 Apr 2011
Bogor, West Java (ANTARA News) - President Susilo Bambang Yudhoyono said Indonesia will need more than US$200 billion in investment until 2025 to accelerate and expand economic development in Southeast Asia`s largest economy.

The government had originally targeted the investment needs at US$100 billion but later revised upward the investment target to US$200 billion after state-owned companies pledged to meet US$100 billion of it, he said when opening a working meeting at the Bogor Presidential Palace on Monday.

All ministers, governors, and a number of businessmen are taking part in the two-day meeting to discuss a masterplan for the acceleration and expansion of the Indonesian economic development (MP3EI).

"When state-owned companies revealed their investment commitment of US$100 billion to the floor at a meeting last February, we later revised upward the investment target to more than US$200 billion at that time," he said.

The head of state expressed hope that the businessmen taking part in the meeting would commit themselves to make investment in large amounts to achieve the target of the Indonesian economic development.

Earlier, State Enterprises Minister Mustafa Abubakar said 26 large state firms would take part in the implementation of the masterplan. They are oil and gas company PT Pertamina, electricity company PT PLN, telecommunications operator PT Telkom, national gas company PGN, national logistics agency (Bulog), fertilizer company Pusri, Bank BRI, Bank Mandiri, Bank BNI and Bank BTN.

The others are national flag carrier Garuda Indonesia, steel maker PT Krakatau Steel, cement producer PT Semen Gresik, social labor insurance company PT Jamsostek, insurance and pension fund management PT Taspen, mining company PT Antam, tin mining company PT Timah, coal mining company PT Bukit Asam, health insurance company PT Askes, asset management company PT Perusahaan Pengelola Aset, construction company PT Wijaya Karya, PT Adhi Karya, plantation company PTPN III, plantation company PTPN IV, pawnshop Pegadaian, and railway company PT Kereta Api Indonesia.

Mustafa said the implementation of the masterplan covering a number of projects in all parts of the country would cost an estimated Rp836 trillion. The projects are expected to create jobs for 6.6 million people.



News Search/Filter
Transaction Rates
19 Sep 18
Buy
Sell
AED1
3,923.78
3,923.78
AFN1
191.22
191.22
ALL1
132.86
132.86
AMD1
29.75
29.75
ANG1
7,814.78
7,814.78
AOA1
50.43
50.43
ARS1
362.50
362.50
AUD1
10,412.55
10,412.55
AWG1
8,000.41
8,000.41
AZN1
8,465.65
8,465.65
BAM1
8,612.62
8,612.62
BBD1
7,206.38
7,206.38
BDT1
171.79
171.79
BGN1
8,606.69
8,606.69
BHD1
38,220.14
38,220.14
BIF1
8.12
8.12
BMD1
14,412.77
14,412.77
BND1
9,539.47
9,539.47
BOB1
2,086.56
2,086.56
BRL1
3,464.53
3,464.53
BSD1
14,412.77
14,412.77
BTC1
91,283,053
91,283,053
BTN1
198.40
198.40
BWP1
1,321.97
1,321.97
BYN1
6,813.93
6,813.93
BZD1
7,173.18
7,173.18
CAD1
11,109.98
11,109.98
CDF1
8.78
8.78
CHF1
14,954.11
14,954.11
CLF1
616,457.50
616,457.50
CLP1
21.07
21.07
CNH1
2,100.74
2,100.74
CNY1
2,100.31
2,100.31
COP1
4.77
4.77
CRC1
24.94
24.94
CUC1
14,412.77
14,412.77
CUP1
565.20
565.20
CVE1
152.55
152.55
CZK1
661.85
661.85
DJF1
80.72
80.72
DKK1
2,256.03
2,256.03
DOP1
288.44
288.44
DZD1
122.13
122.13
EGP1
804.66
804.66
ERN1
961.03
961.03
ETB1
520.44
520.44
EUR1
16,829.80
16,829.80
FJD1
6,798.31
6,798.31
FKP1
18,977.31
18,977.31
GBP1
18,977.31
18,977.31
GEL1
5,890.00
5,890.00
GGP1
18,977.31
18,977.31
GHS1
3,021.86
3,021.86
GIP1
18,977.31
18,977.31
GMD1
296.25
296.25
GNF1
1.59
1.59
GTQ1
1,882.87
1,882.87
GYD1
68.96
68.96
HKD1
1,837.43
1,837.43
HNL1
600.05
600.05
HRK1
2,265.55
2,265.55
HTG1
207.72
207.72
HUF1
51.96
51.96
IDR1
1.00
1.00
ILS1
4,014.35
4,014.35
IMP1
18,977.31
18,977.31
INR1
197.83
197.83
IQD1
12.09
12.09
IRR1
0.33
0.33
ISK1
131.46
131.46
JEP1
18,977.31
18,977.31
JMD1
106.05
106.05
JOD1
20,313.90
20,313.90
JPY1
128.36
128.36
KES1
142.84
142.84
KGS1
211.52
211.52
KHR1
3.51
3.51
KMF1
34.21
34.21
KPW1
16.01
16.01
KRW1
12.84
12.84
KWD1
47,578.38
47,578.38
KYD1
17,301.62
17,301.62
KZT1
39.27
39.27
LAK1
1.69
1.69
LBP1
9.52
9.52
LKR1
87.17
87.17
LRD1
90.13
90.13
LSL1
968.25
968.25
LYD1
10,411.78
10,411.78
MAD1
1,534.80
1,534.80
MDL1
856.69
856.69
MGA1
4.22
4.22
MKD1
273.36
273.36
MMK1
9.23
9.23
MNT1
5.90
5.90
MOP1
1,784.55
1,784.55
MRO1
40.31
40.31
MRU1
402.59
402.59
MUR1
419.58
419.58
MVR1
935.89
935.89
MWK1
19.81
19.81
MXN1
766.51
766.51
MYR1
3,479.24
3,479.24
MZN1
237.59
237.59
NAD1
968.25
968.25
NGN1
39.75
39.75
NIO1
449.51
449.51
NOK1
1,767.47
1,767.47
NPR1
124.00
124.00
NZD1
9,493.62
9,493.62
OMR1
37,430.33
37,430.33
PAB1
14,412.77
14,412.77
PEN1
4,360.47
4,360.47
PGK1
4,337.72
4,337.72
PHP1
266.56
266.56
PKR1
116.88
116.88
PLN1
3,924.82
3,924.82
PYG1
2.46
2.46
QAR1
3,958.44
3,958.44
RON1
3,623.13
3,623.13
RSD1
142.27
142.27
RUB1
213.93
213.93
RWF1
16.47
16.47
SAR1
3,843.04
3,843.04
SBD1
1,826.92
1,826.92
SCR1
1,059.40
1,059.40
SDG1
800.99
800.99
SEK1
1,618.75
1,618.75
SGD1
10,520.60
10,520.60
SHP1
18,977.31
18,977.31
SLL1
1.71
1.71
SOS1
24.93
24.93
SRD1
1,932.52
1,932.52
SSP1
110.64
110.64
STD1
0.68
0.68
STN1
696.26
696.26
SVC1
1,647.71
1,647.71
SYP1
27.98
27.98
SZL1
967.73
967.73
THB1
442.65
442.65
TJS1
1,529.79
1,529.79
TMT1
4,106.22
4,106.22
TND1
5,187.43
5,187.43
TOP1
6,237.84
6,237.84
TRY1
2,252.29
2,252.29
TTD1
2,139.16
2,139.16
TWD1
468.97
468.97
TZS1
6.31
6.31
UAH1
512.08
512.08
UGX1
3.77
3.77
USD1
14,412.77
14,412.77
UYU1
434.44
434.44
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.83
132.83
WST1
5,567.93
5,567.93
XAF1
25.65
25.65
XAG1
204,300.46
204,300.46
XAU1
17,289,799.16
17,289,799.16
XCD1
5,333.02
5,333.02
XDR1
20,209.56
20,209.56
XOF1
25.65
25.65
XPD1
14,605,570.10
14,605,570.10
XPF1
141.03
141.03
XPT1
11,746,354.18
11,746,354.18
YER1
57.58
57.58
ZAR1
968.98
968.98
ZMW1
1,325.82
1,325.82
ZWL1
44.71
44.71
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