Tue, 31 Aug 2010
From: AFP
Jakarta. South Korea’s biggest tire producer Hankook Tire plans to invest 1.2 billion dollars to build a manufacturing plant in Indonesia, a report said Thursday.

The Seoul-based company aims to start construction at the end of the year and produce 15 million tyres annually, Indonesia Investment Coordinating Board chief Gita Wirjawan was quoted as saying by Bisnis Indonesia newspaper.

“They’ve informed us that they will likely choose Indonesia,” Wirjawan said.

“Hankook is a huge player. Indonesia will become the production base for the world, not only for Asia, but also for Europe and the US.”

Wirjawan said Hankook had chosen Indonesia over Vietnam and had studied several areas near the capital as possible locations for the plant.

Indonesia, Southeast Asia’s largest economy, is seeking billions of dollars in foreign investment to help it achieve a target of 7.0-percent growth by 2014.

Output however is being held back by rampant corruption, legal uncertainty and poor infrastructure.



News Search/Filter
Transaction Rates
19 Dec 18
Buy
Sell
AED1
3,943.89
3,943.89
AFN1
191.11
191.11
ALL1
133.66
133.66
AMD1
29.87
29.87
ANG1
8,160.97
8,160.97
AOA1
46.98
46.98
ARS1
378.60
378.60
AUD1
10,414.92
10,414.92
AWG1
8,048.15
8,048.15
AZN1
8,509.04
8,509.04
BAM1
8,438.93
8,438.93
BBD1
7,243.32
7,243.32
BDT1
172.67
172.67
BGN1
8,423.97
8,423.97
BHD1
38,422.85
38,422.85
BIF1
7.94
7.94
BMD1
14,486.64
14,486.64
BND1
9,192.26
9,192.26
BOB1
2,096.34
2,096.34
BRL1
3,702.64
3,702.64
BSD1
14,486.64
14,486.64
BTC1
52,956,160
52,956,160
BTN1
205.62
205.62
BWP1
1,353.67
1,353.67
BYN1
6,811.76
6,811.76
BZD1
7,186.54
7,186.54
CAD1
10,766.33
10,766.33
CDF1
8.91
8.91
CHF1
14,596.11
14,596.11
CLF1
598,275.55
598,275.55
CLP1
20.99
20.99
CNH1
2,102.77
2,102.77
CNY1
2,101.00
2,101.00
COP1
4.54
4.54
CRC1
24.27
24.27
CUC1
14,486.64
14,486.64
CUP1
562.58
562.58
CVE1
148.96
148.96
CZK1
640.17
640.17
DJF1
81.38
81.38
DKK1
2,206.81
2,206.81
DOP1
287.26
287.26
DZD1
122.07
122.07
EGP1
808.90
808.90
ERN1
965.95
965.95
ETB1
520.10
520.10
EUR1
16,479.79
16,479.79
FJD1
6,801.41
6,801.41
FKP1
18,332.62
18,332.62
GBP1
18,332.62
18,332.62
GEL1
5,446.10
5,446.10
GGP1
18,332.62
18,332.62
GHS1
2,908.96
2,908.96
GIP1
18,332.62
18,332.62
GMD1
292.36
292.36
GNF1
1.57
1.57
GTQ1
1,871.55
1,871.55
GYD1
69.26
69.26
HKD1
1,852.61
1,852.61
HNL1
594.52
594.52
HRK1
2,222.55
2,222.55
HTG1
188.43
188.43
HUF1
51.14
51.14
IDR1
1.00
1.00
ILS1
3,853.03
3,853.03
IMP1
18,332.62
18,332.62
INR1
205.50
205.50
IQD1
12.17
12.17
IRR1
0.34
0.34
ISK1
118.48
118.48
JEP1
18,332.62
18,332.62
JMD1
112.85
112.85
JOD1
20,415.13
20,415.13
JPY1
128.74
128.74
KES1
141.40
141.40
KGS1
210.86
210.86
KHR1
3.60
3.60
KMF1
33.46
33.46
KPW1
16.09
16.09
KRW1
12.86
12.86
KWD1
47,645.59
47,645.59
KYD1
17,382.20
17,382.20
KZT1
39.04
39.04
LAK1
1.69
1.69
LBP1
9.60
9.60
LKR1
80.45
80.45
LRD1
92.21
92.21
LSL1
1,009.52
1,009.52
LYD1
10,347.60
10,347.60
MAD1
1,513.75
1,513.75
MDL1
837.25
837.25
MGA1
4.08
4.08
MKD1
267.72
267.72
MMK1
9.16
9.16
MNT1
5.90
5.90
MOP1
1,798.23
1,798.23
MRO1
40.57
40.57
MRU1
398.42
398.42
MUR1
420.45
420.45
MVR1
937.04
937.04
MWK1
19.48
19.48
MXN1
722.15
722.15
MYR1
3,453.72
3,453.72
MZN1
235.74
235.74
NAD1
1,009.52
1,009.52
NGN1
39.68
39.68
NIO1
446.79
446.79
NOK1
1,660.22
1,660.22
NPR1
128.50
128.50
NZD1
9,926.33
9,926.33
OMR1
37,628.62
37,628.62
PAB1
14,486.64
14,486.64
PEN1
4,336.45
4,336.45
PGK1
4,304.42
4,304.42
PHP1
273.70
273.70
PKR1
103.70
103.70
PLN1
3,845.00
3,845.00
PYG1
2.44
2.44
QAR1
3,978.75
3,978.75
RON1
3,546.15
3,546.15
RSD1
139.22
139.22
RUB1
214.84
214.84
RWF1
16.36
16.36
SAR1
3,862.64
3,862.64
SBD1
1,781.42
1,781.42
SCR1
1,062.00
1,062.00
SDG1
304.27
304.27
SEK1
1,599.59
1,599.59
SGD1
10,573.06
10,573.06
SHP1
18,332.62
18,332.62
SLL1
1.72
1.72
SOS1
24.99
24.99
SRD1
1,942.43
1,942.43
SSP1
111.21
111.21
STD1
0.68
0.68
STN1
671.29
671.29
SVC1
1,655.44
1,655.44
SYP1
28.13
28.13
SZL1
1,010.93
1,010.93
THB1
442.74
442.74
TJS1
1,536.87
1,536.87
TMT1
4,127.27
4,127.27
TND1
4,927.74
4,927.74
TOP1
6,412.26
6,412.26
TRY1
2,712.98
2,712.98
TTD1
2,149.15
2,149.15
TWD1
472.04
472.04
TZS1
6.29
6.29
UAH1
520.79
520.79
UGX1
3.91
3.91
USD1
14,486.64
14,486.64
UYU1
449.12
449.12
UZS1
1.73
1.73
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
130.50
130.50
WST1
5,562.44
5,562.44
XAF1
25.12
25.12
XAG1
212,098.94
212,098.94
XAU1
18,101,064.87
18,101,064.87
XCD1
5,360.36
5,360.36
XDR1
20,135.69
20,135.69
XOF1
25.12
25.12
XPD1
18,162,338.26
18,162,338.26
XPF1
138.10
138.10
XPT1
11,453,069.67
11,453,069.67
YER1
57.85
57.85
ZAR1
1,010.22
1,010.22
ZMW1
1,209.65
1,209.65
ZWL1
44.94
44.94
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