Fri, 14 Aug 2015
Indonesian President Joko Widodo vowed to ramp up his faltering campaign against corruption, an impediment to boosting Southeast Asia’s largest economy.

Widodo, 54, who on Wednesday revamped his cabinet, said he wants to strengthen government institutions to better tackle wealth inequality and weak law enforcement.

“The government acknowledges there are still many problems in our path,” Widodo, better known as Jokowi, said in the first part of an annual pre-Independence Day address on Friday. “The government will work hard to wage war against them.”

The first Indonesian leader to hail from outside the country’s elite, Jokowi has largely failed to live up to expectations of better governance and faster development. He took office in October promising to spend more on long neglected infrastructure, attract investment and reboot an economy growing at its slowest pace in more than five years.

The anti-corruption commission has been embroiled in a dispute with the police, hampering efforts to curb rampant graft and hurting his popularity.

Widodo’s cabinet shuffle saw two respected technocrats named to top economic positions in a bid to speed up reforms and secure stronger political backing for his leadership.

New trade minister Tom Lembong signaled he was ready to push back against protectionist policies, a contrast to the approach of his predecessor.

“History over the last 100 years all around the world proves clearly that protectionist policies always backfire,” Lembong told Bloomberg Television in his first interview. “It’s a tough situation, balancing domestic constituencies versus international relations and commitments,” but policy makers have to “fight these protectionist instincts,” he said.





News Search/Filter
Transaction Rates
18 Aug 18
Buy
Sell
AED1
3,903.45
3,903.45
AFN1
197.07
197.07
ALL1
130.34
130.34
AMD1
29.73
29.73
ANG1
7,773.43
7,773.43
AOA1
53.38
53.38
ARS1
481.95
481.95
AUD1
10,490.26
10,490.26
AWG1
7,996.69
7,996.69
AZN1
8,421.78
8,421.78
BAM1
8,350.42
8,350.42
BBD1
7,169.04
7,169.04
BDT1
169.69
169.69
BGN1
8,385.58
8,385.58
BHD1
38,014.93
38,014.93
BIF1
8.03
8.03
BMD1
14,338.09
14,338.09
BND1
9,492.24
9,492.24
BOB1
2,075.18
2,075.18
BRL1
3,666.46
3,666.46
BSD1
14,338.09
14,338.09
BTC1
93,164,188
93,164,188
BTN1
204.62
204.62
BWP1
1,318.14
1,318.14
BYN1
6,994.33
6,994.33
BZD1
7,135.19
7,135.19
CAD1
10,978.67
10,978.67
CDF1
8.87
8.87
CHF1
14,401.31
14,401.31
CLF1
613,263.11
613,263.11
CLP1
21.47
21.47
CNH1
2,097.87
2,097.87
CNY1
2,085.67
2,085.67
COP1
4.77
4.77
CRC1
25.27
25.27
CUC1
14,338.09
14,338.09
CUP1
562.27
562.27
CVE1
147.53
147.53
CZK1
638.23
638.23
DJF1
80.55
80.55
DKK1
2,199.22
2,199.22
DOP1
288.17
288.17
DZD1
120.67
120.67
EGP1
801.95
801.95
ERN1
956.11
956.11
ETB1
517.71
517.71
EUR1
16,417.81
16,417.81
FJD1
6,746.23
6,746.23
FKP1
18,283.95
18,283.95
GBP1
18,283.95
18,283.95
GEL1
5,786.87
5,786.87
GGP1
18,283.95
18,283.95
GHS1
2,941.14
2,941.14
GIP1
18,283.95
18,283.95
GMD1
297.62
297.62
GNF1
1.60
1.60
GTQ1
1,915.16
1,915.16
GYD1
68.76
68.76
HKD1
1,826.31
1,826.31
HNL1
596.67
596.67
HRK1
2,211.00
2,211.00
HTG1
212.85
212.85
HUF1
50.81
50.81
IDR1
1.00
1.00
ILS1
3,917.15
3,917.15
IMP1
18,283.95
18,283.95
INR1
205.43
205.43
IQD1
12.04
12.04
IRR1
0.33
0.33
ISK1
133.56
133.56
JEP1
18,283.95
18,283.95
JMD1
106.24
106.24
JOD1
20,180.08
20,180.08
JPY1
129.75
129.75
KES1
142.22
142.22
KGS1
210.42
210.42
KHR1
3.52
3.52
KMF1
33.21
33.21
KPW1
15.93
15.93
KRW1
12.80
12.80
KWD1
47,235.00
47,235.00
KYD1
17,211.00
17,211.00
KZT1
39.83
39.83
LAK1
1.68
1.68
LBP1
9.46
9.46
LKR1
89.37
89.37
LRD1
92.95
92.95
LSL1
1,005.82
1,005.82
LYD1
10,315.17
10,315.17
MAD1
1,504.91
1,504.91
MDL1
861.14
861.14
MGA1
4.32
4.32
MKD1
265.84
265.84
MMK1
9.62
9.62
MNT1
5.87
5.87
MOP1
1,773.80
1,773.80
MRO1
40.10
40.10
MRU1
398.61
398.61
MUR1
413.80
413.80
MVR1
928.02
928.02
MWK1
19.72
19.72
MXN1
758.89
758.89
MYR1
3,494.98
3,494.98
MZN1
242.84
242.84
NAD1
986.47
986.47
NGN1
39.71
39.71
NIO1
450.03
450.03
NOK1
1,696.62
1,696.62
NPR1
127.89
127.89
NZD1
9,514.75
9,514.75
OMR1
37,236.18
37,236.18
PAB1
14,338.09
14,338.09
PEN1
4,314.71
4,314.71
PGK1
4,322.34
4,322.34
PHP1
269.03
269.03
PKR1
115.92
115.92
PLN1
3,820.02
3,820.02
PYG1
2.49
2.49
QAR1
3,937.95
3,937.95
RON1
3,524.08
3,524.08
RSD1
138.89
138.89
RUB1
213.97
213.97
RWF1
16.56
16.56
SAR1
3,822.93
3,822.93
SBD1
1,817.45
1,817.45
SCR1
1,055.13
1,055.13
SDG1
795.67
795.67
SEK1
1,565.78
1,565.78
SGD1
10,455.83
10,455.83
SHP1
18,283.95
18,283.95
SLL1
2.19
2.19
SOS1
24.78
24.78
SRD1
1,922.51
1,922.51
SSP1
110.06
110.06
STD1
0.68
0.68
STN1
665.34
665.34
SVC1
1,638.94
1,638.94
SYP1
27.84
27.84
SZL1
986.48
986.48
THB1
432.45
432.45
TJS1
1,523.21
1,523.21
TMT1
4,096.61
4,096.61
TND1
5,203.83
5,203.83
TOP1
6,205.52
6,205.52
TRY1
2,384.12
2,384.12
TTD1
2,127.55
2,127.55
TWD1
466.65
466.65
TZS1
6.28
6.28
UAH1
517.81
517.81
UGX1
3.82
3.82
USD1
14,338.09
14,338.09
UYU1
454.18
454.18
UZS1
1.83
1.83
VEF1
0.10
0.10
VND1
0.62
0.62
VUV1
132.14
132.14
WST1
5,539.08
5,539.08
XAF1
25.02
25.02
XAG1
212,201.32
212,201.32
XAU1
17,021,536.87
17,021,536.87
XCD1
5,305.39
5,305.39
XDR1
20,009.05
20,009.05
XOF1
25.02
25.02
XPD1
13,148,784.06
13,148,784.06
XPF1
137.58
137.58
XPT1
11,328,907.24
11,328,907.24
YER1
57.27
57.27
ZAR1
984.51
984.51
ZMW1
1,399.24
1,399.24
ZWL1
44.47
44.47
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