Thu, 17 Feb 2011
Padang, West Sumatra (ANTARA News) - The Investment Coordinating Board (BKPM) has set a target of investment for 2011 at Rp240 trillion compared to Rp208 trillion last year.

The 2011 investment target represented a significant increase compared to 2009 when investment reached Rp135 trillion, BKPM Regional Director II Yuliot said here on Wednesday.

He expressed optimism that the 2011 investment target could be achieved due among others to the government`s policy to provide investors with tax holiday facilities under Government Regulation No. 94 of 2010.

In addition, the plan to improve infrastructures all over the country and to step up one-stop services were expected to boost investment this year, he said.

"Therefore, we need to encourage investment because it has many advantages, ranging from the creation of new jobs to the improvement of local people`s economy," he said.

Yuliot was in Padang, capital of West Sumatra province, to attend the inauguration of a Chinese iron ore processing plant. Also present at the event were Secretary of the Policy Analysis and Development Agency (BPPK) at the Foreign Ministry Yusra Khan and a number of investors from China, the Netherlands and the United States.

The presence of iron ore processing plant is expected to encourage the development of machinery and appliance industries in the province.

Asked to comment on a 10-member Chinese investment delegation`s visit in Padang recently, he said BKPM was ready to assist them in investing in the country.

"We have potential natural resources in which companies from China and other countries can invest. Hopefully, they can well benefit from the opportunity," he said.



News Search/Filter
Transaction Rates
15 Oct 18
Buy
Sell
AED1
4,143.74
4,143.74
AFN1
200.32
200.32
ALL1
140.57
140.57
AMD1
31.34
31.34
ANG1
8,577.48
8,577.48
AOA1
50.49
50.49
ARS1
414.45
414.45
AUD1
10,816.83
10,816.83
AWG1
8,455.49
8,455.49
AZN1
8,939.72
8,939.72
BAM1
9,142.46
9,142.46
BBD1
7,609.93
7,609.93
BDT1
181.79
181.79
BGN1
8,998.55
8,998.55
BHD1
40,370.69
40,370.69
BIF1
8.50
8.50
BMD1
15,219.87
15,219.87
BND1
10,792.64
10,792.64
BOB1
2,202.66
2,202.66
BRL1
4,026.19
4,026.19
BSD1
15,219.87
15,219.87
BTC1
97,625,714
97,625,714
BTN1
206.78
206.78
BWP1
1,426.04
1,426.04
BYN1
7,157.71
7,157.71
BZD1
7,574.97
7,574.97
CAD1
11,686.09
11,686.09
CDF1
9.36
9.36
CHF1
15,360.50
15,360.50
CLF1
607,628.35
607,628.35
CLP1
22.39
22.39
CNH1
2,197.88
2,197.88
CNY1
2,198.70
2,198.70
COP1
4.91
4.91
CRC1
25.62
25.62
CUC1
15,219.87
15,219.87
CUP1
591.06
591.06
CVE1
158.99
158.99
CZK1
681.54
681.54
DJF1
85.48
85.48
DKK1
2,356.48
2,356.48
DOP1
305.01
305.01
DZD1
128.61
128.61
EGP1
848.16
848.16
ERN1
1,014.33
1,014.33
ETB1
550.62
550.62
EUR1
17,579.86
17,579.86
FJD1
7,046.20
7,046.20
FKP1
19,942.60
19,942.60
GBP1
19,942.60
19,942.60
GEL1
6,219.83
6,219.83
GGP1
19,942.60
19,942.60
GHS1
3,123.42
3,123.42
GIP1
19,942.60
19,942.60
GMD1
307.78
307.78
GNF1
1.68
1.68
GTQ1
1,967.14
1,967.14
GYD1
72.77
72.77
HKD1
1,942.61
1,942.61
HNL1
632.05
632.05
HRK1
2,373.28
2,373.28
HTG1
218.09
218.09
HUF1
54.21
54.21
IDR1
1.00
1.00
ILS1
4,189.15
4,189.15
IMP1
19,942.60
19,942.60
INR1
206.54
206.54
IQD1
12.77
12.77
IRR1
0.35
0.35
ISK1
130.79
130.79
JEP1
19,942.60
19,942.60
JMD1
114.05
114.05
JOD1
21,451.27
21,451.27
JPY1
135.63
135.63
KES1
150.91
150.91
KGS1
222.05
222.05
KHR1
3.72
3.72
KMF1
35.73
35.73
KPW1
16.91
16.91
KRW1
13.44
13.44
KWD1
50,181.58
50,181.58
KYD1
18,269.84
18,269.84
KZT1
41.07
41.07
LAK1
1.78
1.78
LBP1
10.06
10.06
LKR1
89.71
89.71
LRD1
96.97
96.97
LSL1
1,047.42
1,047.42
LYD1
11,024.38
11,024.38
MAD1
1,610.93
1,610.93
MDL1
898.14
898.14
MGA1
4.30
4.30
MKD1
285.50
285.50
MMK1
9.53
9.53
MNT1
6.11
6.11
MOP1
1,886.43
1,886.43
MRO1
42.63
42.63
MRU1
423.95
423.95
MUR1
443.34
443.34
MVR1
985.09
985.09
MWK1
21.03
21.03
MXN1
806.06
806.06
MYR1
3,663.49
3,663.49
MZN1
251.56
251.56
NAD1
1,045.68
1,045.68
NGN1
41.92
41.92
NIO1
473.62
473.62
NOK1
1,862.20
1,862.20
NPR1
129.23
129.23
NZD1
9,893.52
9,893.52
OMR1
39,533.47
39,533.47
PAB1
15,219.87
15,219.87
PEN1
4,564.36
4,564.36
PGK1
4,534.22
4,534.22
PHP1
281.22
281.22
PKR1
114.36
114.36
PLN1
4,089.78
4,089.78
PYG1
2.56
2.56
QAR1
4,182.10
4,182.10
RON1
3,771.48
3,771.48
RSD1
148.77
148.77
RUB1
230.62
230.62
RWF1
17.37
17.37
SAR1
4,057.49
4,057.49
SBD1
1,917.31
1,917.31
SCR1
1,117.46
1,117.46
SDG1
597.54
597.54
SEK1
1,696.70
1,696.70
SGD1
11,039.35
11,039.35
SHP1
19,942.60
19,942.60
SLL1
1.81
1.81
SOS1
26.29
26.29
SRD1
2,040.74
2,040.74
SSP1
116.83
116.83
STD1
0.72
0.72
STN1
717.24
717.24
SVC1
1,740.02
1,740.02
SYP1
29.53
29.53
SZL1
1,045.68
1,045.68
THB1
464.87
464.87
TJS1
1,616.13
1,616.13
TMT1
4,348.55
4,348.55
TND1
5,354.77
5,354.77
TOP1
6,600.43
6,600.43
TRY1
2,581.78
2,581.78
TTD1
2,258.93
2,258.93
TWD1
492.43
492.43
TZS1
6.65
6.65
UAH1
545.28
545.28
UGX1
4.02
4.02
USD1
15,219.87
15,219.87
UYU1
461.75
461.75
UZS1
1.86
1.86
VEF1
0.06
0.06
VND1
0.65
0.65
VUV1
136.78
136.78
WST1
5,808.68
5,808.68
XAF1
26.80
26.80
XAG1
222,658.75
222,658.75
XAU1
18,557,881.06
18,557,881.06
XCD1
5,631.67
5,631.67
XDR1
21,285.46
21,285.46
XOF1
26.80
26.80
XPD1
16,254,298.56
16,254,298.56
XPF1
147.31
147.31
XPT1
12,776,926.62
12,776,926.62
YER1
60.79
60.79
ZAR1
1,046.53
1,046.53
ZMW1
1,245.41
1,245.41
ZWL1
47.21
47.21
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