Tue, 08 Jun 2010
President Susilo Bambang Yudhoyono will sign a decree this week easing restrictions on foreign investment in 40 sectors of the domestic economy, Investment Coordinating Board Chairman Gita Wirjawan announced on Monday.

“I guarantee you it will be out this coming week,” Gita said in an interview at the World Economic Forum in Ho Chi Minh City. “I was with the president. It was on top of the deck on his table. He said he would sign it in a day or two.”

The decree would ease some restrictions in the country’s so-called negative investment list (DNI), which limits foreign ownership in companies in some sectors.

Health care and education are among the industries in which increased foreign investment will be permitted, Gita said. A 2007 presidential decree was “a little bit confusing” and subject to multiple interpretations, he said.

“This one takes a completely sectoral approach to the extent that foreign investors know the extent to which they can invest in any particular sector, whether it’s education, agriculture, logistics, or the creative industries,” he said. “We have decided to liberalize 40 sectors.”

In March, Gita said the government planned to unlock more sectors of its economy to overseas investors, but would not allow foreign investment in telecommunication towers. There has been fierce resistance from local stakeholders to proposals to open up multibillion-dollar investment in such areas as base towers for mobile phones.

In health care, foreign investors would be allowed to own up to 67 percent of hospitals across the country, he said. Previously, foreign ownership in hospitals had been restricted to a few cities such as Surabaya and Medan.

Foreign companies will also be allowed to have a maximum ownership of 49 percent in plantations producing staple foods such as rice, as well as cargo services and film businesses, Gita said.



News Search/Filter
Transaction Rates
20 Jul 18
Buy
Sell
AED1
3,896.92
3,896.92
AFN1
200.19
200.19
ALL1
132.25
132.25
AMD1
29.80
29.80
ANG1
7,753.14
7,753.14
AOA1
56.09
56.09
ARS1
516.17
516.17
AUD1
10,538.71
10,538.71
AWG1
8,003.39
8,003.39
AZN1
8,407.69
8,407.69
BAM1
8,481.07
8,481.07
BBD1
7,157.05
7,157.05
BDT1
169.28
169.28
BGN1
8,522.28
8,522.28
BHD1
37,822.48
37,822.48
BIF1
8.07
8.07
BMD1
14,314.10
14,314.10
BND1
9,475.38
9,475.38
BOB1
2,070.16
2,070.16
BRL1
3,737.26
3,737.26
BSD1
14,314.10
14,314.10
BTC1
106,795,836
106,795,836
BTN1
207.40
207.40
BWP1
1,381.06
1,381.06
BYN1
7,156.71
7,156.71
BZD1
7,116.96
7,116.96
CAD1
10,793.96
10,793.96
CDF1
8.87
8.87
CHF1
14,331.04
14,331.04
CLF1
592,471.40
592,471.40
CLP1
21.56
21.56
CNH1
2,110.46
2,110.46
CNY1
2,113.56
2,113.56
COP1
5.02
5.02
CRC1
25.22
25.22
CUC1
14,314.10
14,314.10
CUP1
561.33
561.33
CVE1
150.20
150.20
CZK1
643.47
643.47
DJF1
80.41
80.41
DKK1
2,238.62
2,238.62
DOP1
287.22
287.22
DZD1
121.41
121.41
EGP1
799.55
799.55
ERN1
953.59
953.59
ETB1
518.49
518.49
EUR1
16,682.46
16,682.46
FJD1
6,824.66
6,824.66
FKP1
18,641.02
18,641.02
GBP1
18,641.02
18,641.02
GEL1
5,846.44
5,846.44
GGP1
18,641.02
18,641.02
GHS1
2,990.30
2,990.30
GIP1
18,641.02
18,641.02
GMD1
297.90
297.90
GNF1
1.57
1.57
GTQ1
1,909.20
1,909.20
GYD1
68.37
68.37
HKD1
1,823.55
1,823.55
HNL1
595.99
595.99
HRK1
2,255.76
2,255.76
HTG1
211.97
211.97
HUF1
51.09
51.09
IDR1
1.00
1.00
ILS1
3,930.86
3,930.86
IMP1
18,641.02
18,641.02
INR1
207.61
207.61
IQD1
12.00
12.00
IRR1
0.32
0.32
ISK1
134.25
134.25
JEP1
18,641.02
18,641.02
JMD1
108.90
108.90
JOD1
20,174.83
20,174.83
JPY1
127.38
127.38
KES1
142.07
142.07
KGS1
209.76
209.76
KHR1
3.52
3.52
KMF1
33.81
33.81
KPW1
15.90
15.90
KRW1
12.60
12.60
KWD1
47,226.94
47,226.94
KYD1
17,165.83
17,165.83
KZT1
41.32
41.32
LAK1
1.69
1.69
LBP1
9.45
9.45
LKR1
89.51
89.51
LRD1
88.87
88.87
LSL1
1,078.27
1,078.27
LYD1
10,373.48
10,373.48
MAD1
1,510.46
1,510.46
MDL1
859.48
859.48
MGA1
4.25
4.25
MKD1
270.80
270.80
MMK1
9.95
9.95
MNT1
5.86
5.86
MOP1
1,769.29
1,769.29
MRO1
40.26
40.26
MRU1
399.16
399.16
MUR1
415.98
415.98
MVR1
928.88
928.88
MWK1
19.70
19.70
MXN1
751.88
751.88
MYR1
3,523.47
3,523.47
MZN1
243.06
243.06
NAD1
1,079.90
1,079.90
NGN1
39.58
39.58
NIO1
450.76
450.76
NOK1
1,740.17
1,740.17
NPR1
129.62
129.62
NZD1
9,657.80
9,657.80
OMR1
37,183.94
37,183.94
PAB1
14,314.10
14,314.10
PEN1
4,365.42
4,365.42
PGK1
4,345.18
4,345.18
PHP1
266.93
266.93
PKR1
111.06
111.06
PLN1
3,842.48
3,842.48
PYG1
2.49
2.49
QAR1
3,931.36
3,931.36
RON1
3,584.45
3,584.45
RSD1
141.40
141.40
RUB1
224.80
224.80
RWF1
16.46
16.46
SAR1
3,816.73
3,816.73
SBD1
1,810.81
1,810.81
SCR1
1,056.98
1,056.98
SDG1
794.59
794.59
SEK1
1,608.36
1,608.36
SGD1
10,456.54
10,456.54
SHP1
18,641.02
18,641.02
SLL1
2.19
2.19
SOS1
24.69
24.69
SRD1
1,919.29
1,919.29
SSP1
109.88
109.88
STD1
0.68
0.68
STN1
675.19
675.19
SVC1
1,634.69
1,634.69
SYP1
27.79
27.79
SZL1
1,061.09
1,061.09
THB1
427.92
427.92
TJS1
1,517.73
1,517.73
TMT1
4,089.76
4,089.76
TND1
5,416.66
5,416.66
TOP1
6,193.66
6,193.66
TRY1
2,976.23
2,976.23
TTD1
2,122.36
2,122.36
TWD1
466.45
466.45
TZS1
6.28
6.28
UAH1
545.00
545.00
UGX1
3.82
3.82
USD1
14,314.10
14,314.10
UYU1
459.14
459.14
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.65
131.65
WST1
5,529.81
5,529.81
XAF1
25.43
25.43
XAG1
219,377.65
219,377.65
XAU1
17,513,898.30
17,513,898.30
XCD1
5,296.51
5,296.51
XDR1
20,003.03
20,003.03
XOF1
25.43
25.43
XPD1
13,127,513.16
13,127,513.16
XPF1
139.79
139.79
XPT1
11,572,848.46
11,572,848.46
YER1
57.19
57.19
ZAR1
1,056.66
1,056.66
ZMW1
1,454.51
1,454.51
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