Wed, 23 Feb 2011
TEMPO Interactive, Jakarta:Indonesian economy could grow up to 7.6 percent from 2011-2014 if the government increases its spending for transportation infrastructure by 20 percent each a year.

Another requirement is that private sector participation should be increased to 50 percent. “This is a logical scenario,” said Standard Chartered Bank Economist, Eric Alexander Sugandi, during a discussion on Indonesia’s Infrastructure Problem yesterday.

The National Development Planning Agency (Bappenas) said that Indonesia needs Rp 1.429 trillion to develop its infrastructure from 2010 to 2014. Most of the funds would be allocated to build and repair harbors, airports and electricity provision.

But the government can only provide Rp 386 trillion (27 percent) of the needed funds. The rest is expected to come from the private sector. In 2011, the government only allocated Rp 126 trillion to build infrastructure or 10 percent of the government capital spending.

In addition to its own capital, the government is funding the construction of infrastructure by issuing bonds. The first bond will be issued in 2011-2012, in the form of infrastructure suku.

Standard Chartered Bank Economist Fauzi Ichsan said that the slow infrastructure development is caused by the regional governments’ financial or technical inability.
In the 1990s, infrastructure construction was carried out by the central government. “After the regional autonomy, there was infrastructure chaos, because the regional governments were incapable of carrying it out,” he said.
As a consequence, the private sector must participate.

But to involve them, the government must give assurances, namely that the contract signed at the initial stage will not change later on. “Investors also hope that the government will guarantee certainty over land acquisitions,” he said.

EKA UTAMI APRILIA | EFRI RITONGA



News Search/Filter
Transaction Rates
23 Oct 18
Buy
Sell
AED1
4,145.72
4,145.72
AFN1
200.63
200.63
ALL1
139.96
139.96
AMD1
31.42
31.42
ANG1
8,580.91
8,580.91
AOA1
50.01
50.01
ARS1
417.74
417.74
AUD1
10,769.32
10,769.32
AWG1
8,460.00
8,460.00
AZN1
8,944.48
8,944.48
BAM1
8,957.25
8,957.25
BBD1
7,613.99
7,613.99
BDT1
180.10
180.10
BGN1
8,919.09
8,919.09
BHD1
40,384.05
40,384.05
BIF1
8.50
8.50
BMD1
15,227.98
15,227.98
BND1
10,798.19
10,798.19
BOB1
2,203.42
2,203.42
BRL1
4,131.63
4,131.63
BSD1
15,227.98
15,227.98
BTC1
97,192,114
97,192,114
BTN1
207.29
207.29
BWP1
1,429.78
1,429.78
BYN1
7,258.08
7,258.08
BZD1
7,577.37
7,577.37
CAD1
11,625.05
11,625.05
CDF1
9.36
9.36
CHF1
15,286.35
15,286.35
CLF1
607,951.93
607,951.93
CLP1
22.31
22.31
CNH1
2,193.00
2,193.00
CNY1
2,191.86
2,191.86
COP1
4.93
4.93
CRC1
25.68
25.68
CUC1
15,227.98
15,227.98
CUP1
591.37
591.37
CVE1
157.80
157.80
CZK1
676.18
676.18
DJF1
85.55
85.55
DKK1
2,340.04
2,340.04
DOP1
304.50
304.50
DZD1
128.24
128.24
EGP1
850.29
850.29
ERN1
1,015.34
1,015.34
ETB1
546.12
546.12
EUR1
17,458.47
17,458.47
FJD1
7,076.17
7,076.17
FKP1
19,743.54
19,743.54
GBP1
19,743.54
19,743.54
GEL1
6,223.14
6,223.14
GGP1
19,743.54
19,743.54
GHS1
3,147.29
3,147.29
GIP1
19,743.54
19,743.54
GMD1
308.25
308.25
GNF1
1.67
1.67
GTQ1
1,962.77
1,962.77
GYD1
72.85
72.85
HKD1
1,942.43
1,942.43
HNL1
631.92
631.92
HRK1
2,348.98
2,348.98
HTG1
213.58
213.58
HUF1
54.07
54.07
IDR1
1.00
1.00
ILS1
4,158.11
4,158.11
IMP1
19,743.54
19,743.54
INR1
206.61
206.61
IQD1
12.77
12.77
IRR1
0.35
0.35
ISK1
128.95
128.95
JEP1
19,743.54
19,743.54
JMD1
116.77
116.77
JOD1
21,462.97
21,462.97
JPY1
135.04
135.04
KES1
150.62
150.62
KGS1
222.19
222.19
KHR1
3.73
3.73
KMF1
35.46
35.46
KPW1
16.91
16.91
KRW1
13.44
13.44
KWD1
50,192.58
50,192.58
KYD1
18,275.51
18,275.51
KZT1
41.76
41.76
LAK1
1.78
1.78
LBP1
10.06
10.06
LKR1
88.23
88.23
LRD1
96.90
96.90
LSL1
1,063.21
1,063.21
LYD1
11,016.27
11,016.27
MAD1
1,603.85
1,603.85
MDL1
893.87
893.87
MGA1
4.34
4.34
MKD1
284.05
284.05
MMK1
9.61
9.61
MNT1
6.11
6.11
MOP1
1,886.25
1,886.25
MRO1
42.65
42.65
MRU1
422.99
422.99
MUR1
440.66
440.66
MVR1
985.62
985.62
MWK1
20.94
20.94
MXN1
784.65
784.65
MYR1
3,661.01
3,661.01
MZN1
251.22
251.22
NAD1
1,063.02
1,063.02
NGN1
41.88
41.88
NIO1
474.11
474.11
NOK1
1,845.05
1,845.05
NPR1
129.56
129.56
NZD1
9,980.41
9,980.41
OMR1
39,554.22
39,554.22
PAB1
15,227.98
15,227.98
PEN1
4,567.45
4,567.45
PGK1
4,545.21
4,545.21
PHP1
282.80
282.80
PKR1
114.54
114.54
PLN1
4,066.76
4,066.76
PYG1
2.54
2.54
QAR1
4,182.26
4,182.26
RON1
3,741.80
3,741.80
RSD1
147.38
147.38
RUB1
233.56
233.56
RWF1
17.29
17.29
SAR1
4,058.46
4,058.46
SBD1
1,917.81
1,917.81
SCR1
1,118.88
1,118.88
SDG1
323.16
323.16
SEK1
1,691.99
1,691.99
SGD1
11,031.81
11,031.81
SHP1
19,743.54
19,743.54
SLL1
1.81
1.81
SOS1
26.29
26.29
SRD1
2,041.83
2,041.83
SSP1
116.90
116.90
STD1
0.72
0.72
STN1
710.42
710.42
SVC1
1,740.55
1,740.55
SYP1
29.56
29.56
SZL1
1,063.83
1,063.83
THB1
464.01
464.01
TJS1
1,616.13
1,616.13
TMT1
4,338.48
4,338.48
TND1
5,326.13
5,326.13
TOP1
6,603.94
6,603.94
TRY1
2,687.17
2,687.17
TTD1
2,259.50
2,259.50
TWD1
493.45
493.45
TZS1
6.64
6.64
UAH1
542.20
542.20
UGX1
4.05
4.05
USD1
15,227.98
15,227.98
UYU1
462.89
462.89
UZS1
1.85
1.85
VEF1
0.06
0.06
VND1
0.65
0.65
VUV1
136.99
136.99
WST1
5,812.92
5,812.92
XAF1
26.61
26.61
XAG1
221,787.48
221,787.48
XAU1
18,613,381.89
18,613,381.89
XCD1
5,634.67
5,634.67
XDR1
21,237.22
21,237.22
XOF1
26.61
26.61
XPD1
17,082,642.49
17,082,642.49
XPF1
146.30
146.30
XPT1
12,509,636.07
12,509,636.07
YER1
60.82
60.82
ZAR1
1,062.66
1,062.66
ZMW1
1,301.70
1,301.70
ZWL1
47.23
47.23
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