Thu, 25 Jun 2015
Jakarta. Indonesia ranked 14th globally when it came to measuring the inflow of foreign direct investment last year, climbing five places from 2013, according to a recent report from the United Nations Conference on Trade and Development (UNCTAD).

The World Investment Report 2015, which was published on Wednesday, said Indonesia booked about $23 billion in foreign direct investment last year, up 21 percent from $19 billion in 2013.

The growth, according to the report, was “driven by a significant increase in equity investment” in Southeast Asia’s largest economy.

China topped the list with $129 billion in foreign direct investment, surpassing the United States.

The report noted a rise in international investment in infrastructure in the Southeast Asia region, especially with “intraregional FDI being a major driving force in East and Southeast Asia.”

“A growing part of investment in infrastructure originates from within the region, with Hong Kong, China, Japan, Malaysia and Singapore among the most important sources of both investment and operations,” the report said.

Djisman S. Simanjuntak, a senior economist at the Centre for Strategic and International Studies (CSIS) Foundation, stressed that Indonesian authorities needed to take advantage of China’s growing economic clout in their quest for greater foreign direct investment in the country.

“If Indonesia really wants to see investment go up, it has to go to East Asia rather than the rest of the world,” he said.

“East Asia is where we can expect a major source of FDI and the number one is China.”

As of March, foreign direct investment in Indonesia – excluding investment in the banking, oil and gas – grew 14 percent to Rp 82 trillion ($615 million) from the same period last year, dominated by investment from Singapore, Japan and South Korea.

Investment from China, on the other hand, only contributed 1.1 percent to Indonesia’s total foreign direct investment in the first quarter, according to data from the BKPM.

“We haven’t yet managed to convince Chinese investors,” Djisman said.

The World Investment Report 2015 comes at a time when President Joko Widodo’s administration is ramping up efforts to lure foreign investment to support the government’s 7 percent economic growth target for the next five years.

The Investment Coordinating Board (BKPM) is targeting about Rp 518 trillion in investment this year, a 12 percent climb on 2014, with more than 60 percent coming from foreign investors.

The UN report revealed, however, that strong investment growth may not repeat itself in the future, as Indonesia’s position among top prospective investment destinations for multinational enterprises fell significantly. This puts more pressure on the government to quickly reform the country’s investment rules.

Shinta Widjaja Kamdani , the head of international relations at Indonesia’s Employers Association (APINDO), said one of the biggest deterrents for potential investors was Indonesia’s uncertain legal environment — an age-old issue that businesses in Indonesia have long lamented.

“The government needs to understand that we are not the only country seeking investment,” she said, mentioning Vietnam as a possible competitor.

“You don’t say you want to attract investment, but don’t come up with regulations to support it.”





News Search/Filter
Transaction Rates
21 Sep 18
Buy
Sell
AED1
3,921.30
3,921.30
AFN1
190.07
190.07
ALL1
133.31
133.31
AMD1
29.85
29.85
ANG1
7,803.77
7,803.77
AOA1
50.02
50.02
ARS1
377.00
377.00
AUD1
10,494.30
10,494.30
AWG1
8,002.06
8,002.06
AZN1
8,460.31
8,460.31
BAM1
8,628.63
8,628.63
BBD1
7,201.83
7,201.83
BDT1
171.50
171.50
BGN1
8,659.80
8,659.80
BHD1
38,201.08
38,201.08
BIF1
8.12
8.12
BMD1
14,403.67
14,403.67
BND1
9,536.54
9,536.54
BOB1
2,083.70
2,083.70
BRL1
3,532.64
3,532.64
BSD1
14,403.67
14,403.67
BTC1
94,218,143
94,218,143
BTN1
199.94
199.94
BWP1
1,347.59
1,347.59
BYN1
6,912.37
6,912.37
BZD1
7,163.16
7,163.16
CAD1
11,157.14
11,157.14
CDF1
8.81
8.81
CHF1
15,020.91
15,020.91
CLF1
616,068.39
616,068.39
CLP1
21.59
21.59
CNH1
2,106.88
2,106.88
CNY1
2,103.80
2,103.80
COP1
4.77
4.77
CRC1
24.87
24.87
CUC1
14,403.67
14,403.67
CUP1
564.85
564.85
CVE1
152.70
152.70
CZK1
663.62
663.62
DJF1
80.89
80.89
DKK1
2,274.38
2,274.38
DOP1
288.09
288.09
DZD1
122.60
122.60
EGP1
804.18
804.18
ERN1
960.43
960.43
ETB1
519.01
519.01
EUR1
16,962.48
16,962.48
FJD1
6,791.14
6,791.14
FKP1
19,113.92
19,113.92
GBP1
19,113.92
19,113.92
GEL1
5,886.28
5,886.28
GGP1
19,113.92
19,113.92
GHS1
2,968.86
2,968.86
GIP1
19,113.92
19,113.92
GMD1
296.17
296.17
GNF1
1.58
1.58
GTQ1
1,873.54
1,873.54
GYD1
68.92
68.92
HKD1
1,836.51
1,836.51
HNL1
599.15
599.15
HRK1
2,283.97
2,283.97
HTG1
207.17
207.17
HUF1
52.43
52.43
IDR1
1.00
1.00
ILS1
4,032.65
4,032.65
IMP1
19,113.92
19,113.92
INR1
200.81
200.81
IQD1
12.07
12.07
IRR1
0.33
0.33
ISK1
131.06
131.06
JEP1
19,113.92
19,113.92
JMD1
105.81
105.81
JOD1
20,301.08
20,301.08
JPY1
128.04
128.04
KES1
142.89
142.89
KGS1
211.39
211.39
KHR1
3.51
3.51
KMF1
34.33
34.33
KPW1
16.00
16.00
KRW1
12.89
12.89
KWD1
47,600.83
47,600.83
KYD1
17,276.52
17,276.52
KZT1
40.40
40.40
LAK1
1.69
1.69
LBP1
9.51
9.51
LKR1
85.33
85.33
LRD1
93.07
93.07
LSL1
993.35
993.35
LYD1
10,444.25
10,444.25
MAD1
1,539.75
1,539.75
MDL1
855.28
855.28
MGA1
4.21
4.21
MKD1
275.44
275.44
MMK1
8.92
8.92
MNT1
5.89
5.89
MOP1
1,782.08
1,782.08
MRO1
40.34
40.34
MRU1
402.33
402.33
MUR1
419.93
419.93
MVR1
935.30
935.30
MWK1
19.81
19.81
MXN1
764.09
764.09
MYR1
3,480.32
3,480.32
MZN1
236.90
236.90
NAD1
993.87
993.87
NGN1
39.68
39.68
NIO1
448.38
448.38
NOK1
1,767.73
1,767.73
NPR1
124.96
124.96
NZD1
9,622.66
9,622.66
OMR1
37,410.89
37,410.89
PAB1
14,403.67
14,403.67
PEN1
4,366.28
4,366.28
PGK1
4,331.57
4,331.57
PHP1
266.31
266.31
PKR1
116.68
116.68
PLN1
3,953.21
3,953.21
PYG1
2.45
2.45
QAR1
3,955.87
3,955.87
RON1
3,644.72
3,644.72
RSD1
143.54
143.54
RUB1
217.02
217.02
RWF1
16.45
16.45
SAR1
3,840.52
3,840.52
SBD1
1,825.76
1,825.76
SCR1
1,058.69
1,058.69
SDG1
799.88
799.88
SEK1
1,641.73
1,641.73
SGD1
10,552.37
10,552.37
SHP1
19,113.92
19,113.92
SLL1
1.71
1.71
SOS1
24.89
24.89
SRD1
1,931.30
1,931.30
SSP1
110.57
110.57
STD1
0.68
0.68
STN1
686.21
686.21
SVC1
1,645.47
1,645.47
SYP1
27.96
27.96
SZL1
993.71
993.71
THB1
445.10
445.10
TJS1
1,527.62
1,527.62
TMT1
4,103.63
4,103.63
TND1
5,214.59
5,214.59
TOP1
6,233.90
6,233.90
TRY1
2,314.61
2,314.61
TTD1
2,136.23
2,136.23
TWD1
468.78
468.78
TZS1
6.31
6.31
UAH1
513.20
513.20
UGX1
3.76
3.76
USD1
14,403.67
14,403.67
UYU1
434.96
434.96
UZS1
1.79
1.79
VEF1
0.05
0.05
VND1
0.62
0.62
VUV1
132.75
132.75
WST1
5,564.41
5,564.41
XAF1
25.85
25.85
XAG1
206,433.12
206,433.12
XAU1
17,390,916.87
17,390,916.87
XCD1
5,329.66
5,329.66
XDR1
20,216.93
20,216.93
XOF1
25.85
25.85
XPD1
15,179,983.43
15,179,983.43
XPF1
142.14
142.14
XPT1
12,019,793.44
12,019,793.44
YER1
57.52
57.52
ZAR1
1,006.36
1,006.36
ZMW1
1,258.06
1,258.06
ZWL1
44.68
44.68
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