Thu, 10 Mar 2011


TEMPO Interactive, Jakarta:The government has targeted US$50 million in investment for two years from Philippine businessmen in the maritime sector. “We will give them the space and cooperate with them so that the fish are processed here,” said Maritime and Fishery Affairs Minister Fadel Muhammad at Merdeka Palace, Jakarta, yesterday.


Disputes over fish often occur between the two countries. According to Fadel, many Philippine fishermen are caught. As many as 202 Philippine fishermen have been detained, while 77 have been released. Another 34 people are currently detained.


President Susilo Bambang Yudhoyono, Fadel said, wanted the issue be resolved in and economic manner under a comprehensive solution. “Instead of arresting them all the time, why don’t we make an economic cooperation?” he said.


Concerning foreign fishermen caught when passing the Indonesian border, Fadel said they would be repatriated.


The cooperation with the Philippines, said Fadel, was the continuation of a cooperation which has been carried out since 2006. The government has prepared a space for fishery business in Gorontalo, Manado, Ternate and Ambon. “We asked them to open a business and provide the area to them,” he said.


President Yudhoyono hopes the cooperation in the fishery sector will continue, especially when both countries have sufficient maritime potential. Trade between Indonesia and the Philippines reached US$ 3.89 billion in 2010, up from $2.9 billion in 2009.

EKO ARI WIBOWO



News Search/Filter
Transaction Rates
18 Aug 17
Buy
Sell
AUD1
10,948.79
10,158.00
BND1
10,159.71
9,422.96
BTC1
57,118,398
57,118,398
CAD1
10,949.00
10,158.68
CHF1
14,412.80
13,370.74
CNH1
2,074.03
1,924.30
DKK1
2,188.11
2,029.97
EUR1
16,272.71
15,094.16
GBP1
17,864.76
16,575.27
HKD1
1,772.56
1,644.64
JPY100
12,675.26
11,758.04
LAK1
1.67
1.55
NOK1
1,739.48
1,613.04
NZD1
10,108.39
9,374.34
PGK1
4,486.30
3,950.48
SEK1
1,706.16
1,582.39
SGD1
10,159.71
9,422.96
THB1
417.33
387.01
USD1
13,868.00
12,868.00
VND1
0.61
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