Fri, 05 Feb 2010
From: World Bank
Reform actions need to be matched with greater capacity to outperform regional neighbors

Jakarta, January 15, 2010 – Indonesia is determined to become an important player in international trade markets, and is following through on the logistical front with a series of a positive reform measures. In the last three years, the Indonesian government has:

* launched public and private dialogue on trade facilitation and logistics;
* established a National Logistics Team to address the costs of international trade, and the unique logistics costs of a large archipelago;
* launched a National Single Window System.

In a seminar on trade logistics organized jointly with the Government’s Logistics Team, the World Bank today released new analysis on what more could be done to boost Indonesia’s logistics performance and surpass competitors in the region. According to Connecting to Compete in Indonesia, Indonesia’s overall performance is in line with its per capita income level. When compared to other lower middle income countries in the region, Indonesia’s performance is above the group average in three areas: ease of arranging shipments; tracking and tracing of shipments; and timeliness of delivery. However Indonesia’s global ranking in the Logistics Performance Index has fallen over the past three years due to stronger efforts by other countries in the region to implement reforms that improve logistics performance. International comparisons have shown that countries with better logistics performance have higher GDP growth and trade growth.

“There’s a lot to do in Indonesia to improve its capacity to ship goods, connect to international markets, and increase its competitiveness,” said Mona Haddad, World Bank’s Sector Manager at the International Trade Department. “But we are really encouraged by the government actions to prioritize trade logistics reform in its 100-day plan and Medium-Term National Development Plan.”

Djadmiko, head of the National Logistics Team acknowledges the importance of logistics reform in accelerating growth, making Indonesia more competitive, and increasing investment levels: “After two years of preparation, the Indonesian government is about to release its logistics blueprint aimed at tackling both short-term actions and long-terms reform in the logistics sector, as well as providing a broad strategy to make domestic and international trade logistics more efficient.”

According to the report, the cost of shipping of a 40 feet container from Padang on the coast of West Sumatra to Jakarta is currently US$600, while the transportation of the same container from Jakarta to Singapore costs US$185, despite being further away. In addition, differences in logistics costs are an important reason why rice prices in one province can be up to 64 percent higher than in another.

Connecting to Compete in Indonesia notes that action is needed on a number of fronts –particularly on border management, service sector performance (transport, logistics and freight-forwarding services), and overall logistics infrastructure. However the most important front is the inter-agency coordination in implementing reforms, which may require a higher level body with a stronger mandate. The areas in which Indonesia has improved are telecommunications and information technology infrastructure, private logistics services, and the incidence of corruption logistics activities.

Logistics Performance Indicators

Much of Connecting to Compete in Indonesia was based on the results of the 2010 Logistics Performance Index, which is based on a worldwide survey of operators on the ground (global freight forwarders and express carriers), providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries with which they trade, and experience of global logistics environment.

Indonesia ranks 75th among the 155 economies rated in the Logistics Performance Indicators (LPI), compared with 43 in 2007. The fall in ranking reflects stronger efforts by other countries to introduce reforms and improve logistics performance. Vietnam, India, and the Philippines all have higher LPI scores than Indonesia despite their lower income levels. Nevertheless, Indonesia remains among the top 8 lower middle-income performers in 2010.

The LPI was launched globally on January 15, 2010.


Fri, 05 Feb 2010
From: JakChat
Comment by Marmalade
Only one window should cut down on cleaning costs AND reduce my chances of seeing a naked Dutch arse. WIN!



News Search/Filter
Transaction Rates
18 Nov 18
Buy
Sell
AED1
3,977.85
3,977.85
AFN1
193.47
193.47
ALL1
134.02
134.02
AMD1
30.36
30.36
ANG1
8,297.83
8,297.83
AOA1
47.08
47.08
ARS1
408.63
408.63
AUD1
10,718.84
10,718.84
AWG1
8,115.14
8,115.14
AZN1
8,582.29
8,582.29
BAM1
8,531.97
8,531.97
BBD1
7,305.68
7,305.68
BDT1
175.79
175.79
BGN1
8,531.81
8,531.81
BHD1
39,070.41
39,070.41
BIF1
8.26
8.26
BMD1
14,611.36
14,611.36
BND1
10,700.25
10,700.25
BOB1
2,131.43
2,131.43
BRL1
3,903.12
3,903.12
BSD1
14,611.36
14,611.36
BTC1
80,826,140
80,826,140
BTN1
204.87
204.87
BWP1
1,378.53
1,378.53
BYN1
6,971.21
6,971.21
BZD1
7,306.94
7,306.94
CAD1
11,113.39
11,113.39
CDF1
8.96
8.96
CHF1
14,621.81
14,621.81
CLF1
624,951.24
624,951.24
CLP1
21.82
21.82
CNH1
2,111.35
2,111.35
CNY1
2,105.99
2,105.99
COP1
4.61
4.61
CRC1
24.26
24.26
CUC1
14,611.36
14,611.36
CUP1
567.43
567.43
CVE1
150.18
150.18
CZK1
641.94
641.94
DJF1
82.07
82.07
DKK1
2,235.97
2,235.97
DOP1
293.22
293.22
DZD1
123.66
123.66
EGP1
822.34
822.34
ERN1
974.26
974.26
ETB1
527.54
527.54
EUR1
16,683.44
16,683.44
FJD1
6,934.35
6,934.35
FKP1
18,760.89
18,760.89
GBP1
18,760.89
18,760.89
GEL1
5,971.15
5,971.15
GGP1
18,760.89
18,760.89
GHS1
3,054.08
3,054.08
GIP1
18,760.89
18,760.89
GMD1
294.55
294.55
GNF1
1.62
1.62
GTQ1
1,909.06
1,909.06
GYD1
70.42
70.42
HKD1
1,866.23
1,866.23
HNL1
608.80
608.80
HRK1
2,245.93
2,245.93
HTG1
203.14
203.14
HUF1
51.86
51.86
IDR1
1.00
1.00
ILS1
3,944.21
3,944.21
IMP1
18,760.89
18,760.89
INR1
202.98
202.98
IQD1
12.34
12.34
IRR1
0.34
0.34
ISK1
119.14
119.14
JEP1
18,760.89
18,760.89
JMD1
116.95
116.95
JOD1
20,593.76
20,593.76
JPY1
129.50
129.50
KES1
142.98
142.98
KGS1
212.66
212.66
KHR1
3.64
3.64
KMF1
33.85
33.85
KPW1
16.23
16.23
KRW1
13.02
13.02
KWD1
48,396.08
48,396.08
KYD1
17,673.16
17,673.16
KZT1
39.84
39.84
LAK1
1.72
1.72
LBP1
9.73
9.73
LKR1
83.33
83.33
LRD1
92.40
92.40
LSL1
1,035.81
1,035.81
LYD1
10,551.98
10,551.98
MAD1
1,541.67
1,541.67
MDL1
857.46
857.46
MGA1
4.05
4.05
MKD1
271.16
271.16
MMK1
9.19
9.19
MNT1
5.86
5.86
MOP1
1,825.73
1,825.73
MRO1
40.92
40.92
MRU1
398.89
398.89
MUR1
420.71
420.71
MVR1
945.10
945.10
MWK1
20.18
20.18
MXN1
724.73
724.73
MYR1
3,489.04
3,489.04
MZN1
241.73
241.73
NAD1
1,035.81
1,035.81
NGN1
40.08
40.08
NIO1
455.43
455.43
NOK1
1,731.44
1,731.44
NPR1
128.04
128.04
NZD1
10,047.35
10,047.35
OMR1
37,957.59
37,957.59
PAB1
14,611.36
14,611.36
PEN1
4,354.25
4,354.25
PGK1
4,371.46
4,371.46
PHP1
277.93
277.93
PKR1
109.55
109.55
PLN1
3,866.10
3,866.10
PYG1
2.48
2.48
QAR1
4,044.49
4,044.49
RON1
3,575.56
3,575.56
RSD1
141.09
141.09
RUB1
221.43
221.43
RWF1
16.56
16.56
SAR1
3,894.33
3,894.33
SBD1
1,825.38
1,825.38
SCR1
1,068.98
1,068.98
SDG1
309.34
309.34
SEK1
1,622.37
1,622.37
SGD1
10,647.36
10,647.36
SHP1
18,760.89
18,760.89
SLL1
1.74
1.74
SOS1
25.46
25.46
SRD1
1,959.15
1,959.15
SSP1
112.16
112.16
STD1
0.69
0.69
STN1
674.88
674.88
SVC1
1,683.14
1,683.14
SYP1
28.37
28.37
SZL1
1,035.81
1,035.81
THB1
444.85
444.85
TJS1
1,563.04
1,563.04
TMT1
4,162.80
4,162.80
TND1
5,054.06
5,054.06
TOP1
6,377.60
6,377.60
TRY1
2,740.36
2,740.36
TTD1
2,185.19
2,185.19
TWD1
476.56
476.56
TZS1
6.37
6.37
UAH1
530.57
530.57
UGX1
3.94
3.94
USD1
14,611.36
14,611.36
UYU1
449.79
449.79
UZS1
1.77
1.77
VEF1
0.05
0.05
VND1
0.63
0.63
VUV1
132.60
132.60
WST1
5,594.99
5,594.99
XAF1
25.43
25.43
XAG1
210,513.09
210,513.09
XAU1
17,844,846.11
17,844,846.11
XCD1
5,406.10
5,406.10
XDR1
20,297.81
20,297.81
XOF1
25.43
25.43
XPD1
17,195,499.69
17,195,499.69
XPF1
139.80
139.80
XPT1
12,368,358.23
12,368,358.23
YER1
58.36
58.36
ZAR1
1,041.95
1,041.95
ZMW1
1,243.42
1,243.42
ZWL1
45.32
45.32
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