Thu, 27 May 2010
From:
By Brian Padden in Jakarta
"Energy is the defining issue of our time. It is the one issue, more than any other, that will shape the fate of our planet, our economies and our nations," said Gary Locke, US Secretary of Commerce

U.S. Secretary of Commerce Gary Locke called his trade mission to Indonesia, an advance team for President Barack Obama's upcoming visit. The commerce secretary is in Jakarta with a U.S. business delegation to promote clean energy related investment and export opportunities.

U.S. Secretary of Commerce Gary Locke told business leaders in Jakarta that when President Barack Obama visits Indonesia in the coming weeks, he will sign a broad partnership agreement detailing how the two countries will cooperate on several issues, including trade, education, and the environment. The most important issue on the list, he says, is the production of clean energy.

"Energy is the defining issue of our time," he said. "It is the one issue, more than any other, that will shape the fate of our planet, our economies and our nations."

Leading a delegation of American energy, construction and engineering companies, the commerce secretary said clean energy production is an area of mutual interest for the entire world.

"This rapid development in Indonesia and elsewhere around the world, in fact throughout Asia and Africa and parts of Latin America, will challenge the world's physical and intellectual resources as never before," added Locke. "Because by 2050, the global energy use is going to double. In 40 years global energy use is going to double."

The economic imperative he says is matched by the need to reduce the world's reliance on fossil fuels, which produce carbon-dioxide emissions associated with global warming. Indonesia is the third-largest producer of carbon-dioxide and the Indonesian government has pledged to reduce emissions by at least 26 percent by the year 2020.

Secretary Locke says government will play a critical role in providing regulations and incentives, but the private sector will actually develop and operate a variety of wind, geothermal, and hydroelectric power plants. These projects will provide export opportunities for American companies, as well as more jobs and increased capacity for the Indonesian economy. But he says issues of corruption, bureaucratic delays, and overlapping regulations in Indonesia worry potential investors.

"As I talk to American business leaders, the overriding issue that I hear is that there is not enough government transparency," he continued. "Businesses frequently do not know what the rules are, how they will be enforced and how decisions are made."

Secretary Locke says the United States seeks a level playing field for American companies to compete in Indonesia's growing economy.



News Search/Filter
Transaction Rates
23 Sep 18
Buy
Sell
AED1
3,920.15
3,920.15
AFN1
189.90
189.90
ALL1
133.87
133.87
AMD1
29.86
29.86
ANG1
7,809.11
7,809.11
AOA1
49.79
49.79
ARS1
387.30
387.30
AUD1
10,505.46
10,505.46
AWG1
7,997.07
7,997.07
AZN1
8,457.43
8,457.43
BAM1
8,664.82
8,664.82
BBD1
7,199.39
7,199.39
BDT1
171.92
171.92
BGN1
8,659.38
8,659.38
BHD1
38,254.15
38,254.15
BIF1
8.13
8.13
BMD1
14,398.78
14,398.78
BND1
9,530.21
9,530.21
BOB1
2,085.12
2,085.12
BRL1
3,554.55
3,554.55
BSD1
14,398.78
14,398.78
BTC1
96,777,717
96,777,717
BTN1
199.93
199.93
BWP1
1,354.30
1,354.30
BYN1
6,920.36
6,920.36
BZD1
7,168.35
7,168.35
CAD1
11,143.21
11,143.21
CDF1
8.77
8.77
CHF1
15,016.72
15,016.72
CLF1
615,859.24
615,859.24
CLP1
21.59
21.59
CNH1
2,102.22
2,102.22
CNY1
2,099.65
2,099.65
COP1
4.79
4.79
CRC1
24.89
24.89
CUC1
14,398.78
14,398.78
CUP1
564.65
564.65
CVE1
152.83
152.83
CZK1
660.85
660.85
DJF1
80.88
80.88
DKK1
2,268.22
2,268.22
DOP1
287.73
287.73
DZD1
122.46
122.46
EGP1
804.94
804.94
ERN1
960.09
960.09
ETB1
519.85
519.85
EUR1
16,929.79
16,929.79
FJD1
6,836.36
6,836.36
FKP1
18,823.54
18,823.54
GBP1
18,823.54
18,823.54
GEL1
5,884.28
5,884.28
GGP1
18,823.54
18,823.54
GHS1
3,035.72
3,035.72
GIP1
18,823.54
18,823.54
GMD1
295.05
295.05
GNF1
1.59
1.59
GTQ1
1,866.92
1,866.92
GYD1
68.94
68.94
HKD1
1,843.78
1,843.78
HNL1
599.54
599.54
HRK1
2,277.74
2,277.74
HTG1
207.25
207.25
HUF1
52.16
52.16
IDR1
1.00
1.00
ILS1
4,032.86
4,032.86
IMP1
18,823.54
18,823.54
INR1
199.32
199.32
IQD1
12.07
12.07
IRR1
0.33
0.33
ISK1
130.74
130.74
JEP1
18,823.54
18,823.54
JMD1
106.13
106.13
JOD1
20,265.51
20,265.51
JPY1
127.91
127.91
KES1
142.64
142.64
KGS1
211.31
211.31
KHR1
3.51
3.51
KMF1
34.39
34.39
KPW1
15.99
15.99
KRW1
12.91
12.91
KWD1
47,613.46
47,613.46
KYD1
17,288.80
17,288.80
KZT1
40.45
40.45
LAK1
1.69
1.69
LBP1
9.52
9.52
LKR1
85.36
85.36
LRD1
92.92
92.92
LSL1
1,001.69
1,001.69
LYD1
10,455.82
10,455.82
MAD1
1,540.60
1,540.60
MDL1
857.88
857.88
MGA1
4.22
4.22
MKD1
274.83
274.83
MMK1
8.85
8.85
MNT1
5.89
5.89
MOP1
1,790.86
1,790.86
MRO1
40.27
40.27
MRU1
402.20
402.20
MUR1
421.63
421.63
MVR1
934.37
934.37
MWK1
19.79
19.79
MXN1
764.71
764.71
MYR1
3,483.56
3,483.56
MZN1
236.82
236.82
NAD1
1,001.69
1,001.69
NGN1
39.72
39.72
NIO1
450.11
450.11
NOK1
1,766.51
1,766.51
NPR1
124.95
124.95
NZD1
9,625.58
9,625.58
OMR1
37,457.34
37,457.34
PAB1
14,398.78
14,398.78
PEN1
4,376.72
4,376.72
PGK1
4,334.17
4,334.17
PHP1
265.45
265.45
PKR1
116.92
116.92
PLN1
3,928.46
3,928.46
PYG1
2.46
2.46
QAR1
3,954.62
3,954.62
RON1
3,634.68
3,634.68
RSD1
143.35
143.35
RUB1
215.37
215.37
RWF1
16.34
16.34
SAR1
3,839.42
3,839.42
SBD1
1,825.14
1,825.14
SCR1
1,059.62
1,059.62
SDG1
797.52
797.52
SEK1
1,638.14
1,638.14
SGD1
10,557.07
10,557.07
SHP1
18,823.54
18,823.54
SLL1
1.71
1.71
SOS1
24.90
24.90
SRD1
1,930.65
1,930.65
SSP1
110.53
110.53
STD1
0.68
0.68
STN1
686.31
686.31
SVC1
1,646.59
1,646.59
SYP1
27.95
27.95
SZL1
1,001.69
1,001.69
THB1
444.81
444.81
TJS1
1,528.80
1,528.80
TMT1
4,113.95
4,113.95
TND1
5,193.21
5,193.21
TOP1
6,231.79
6,231.79
TRY1
2,287.87
2,287.87
TTD1
2,137.72
2,137.72
TWD1
469.91
469.91
TZS1
6.30
6.30
UAH1
513.65
513.65
UGX1
3.76
3.76
USD1
14,398.78
14,398.78
UYU1
437.62
437.62
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.70
132.70
WST1
5,562.52
5,562.52
XAF1
25.80
25.80
XAG1
205,880.98
205,880.98
XAU1
17,271,154.84
17,271,154.84
XCD1
5,327.85
5,327.85
XDR1
20,217.70
20,217.70
XOF1
25.80
25.80
XPD1
15,142,593.26
15,142,593.26
XPF1
141.87
141.87
XPT1
11,914,891.62
11,914,891.62
YER1
57.51
57.51
ZAR1
1,005.74
1,005.74
ZMW1
1,238.04
1,238.04
ZWL1
44.66
44.66
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