Wed, 24 Jun 2015
Jakarta (ANTARA News) - The Indonesian Investment Coordinating Board (BKPM) revealed that between October 2014 and May 2015 period, Japan, South Korea, China, and Australia have expressed keen interest to invest in Indonesia's shipping sector.

"Between October 2014 and May 2015, we have received five investment proposals from four countries: Japan, South Korea, China, and Australia, with a total investment amounting to US$9.34 billion," BKPM Head Franky Sibarani stated here on Wednesday.

Franky specifically mentioned that a Japanese company is interested to invest US$40 million; two South Korean companies, one of which gave an investment commitment of US$4 billion; a Chinese company, with an investment of US$5.15 billion; and an Australian company, with an investment of US$150 million.

"A Korean shipping line company is exploring investment opportunities in the area of ship maintenance," Franky noted.

The board also provides help to the investors to identify their investment sites.

Therefore, the board has offered several locations such as Lampung, Lamongan, Gresik, Bitung, and South Sulawesi that have dense shipping lanes and offer adequate facilities.

Franky hopes that this year, the investment process would enter the finalization stage.

The BKPM has initiated several steps to encourage development of the shipbuilding industry that focuses on attracting investment in the sector.

"This also includes the investment market in the shipping sector that is integrated with the components," Franky remarked.

The board will also focus on the integration of licensing for local industries such as shipbuilding in Lamongan and Tanggamus Lampung as well as simplified investment licensing in the shipbuilding sector.

Furthermore, the board will work with the relevant ministries and institutions for providing ready-to-work human resources.

"We will also encourage the domestic shipbuilding companies to build vessels by using 60 percent to 70 percent domestic components that can help to boost the domestic shipping component industry," Franky stated.

The current production capacity utilization only reaches 40 percent per year for the construction of a new nine hundred thousand deadweight tonnage (DWT) vessel.

Meanwhile, the utilization for 1.2 million DWT ship repair capacity per year is still 85 percent.

Currently, 43 percent of Indonesias shipping industries are still concentrated in Java and 39 percent in Batam.



News Search/Filter
Transaction Rates
16 Aug 18
Buy
Sell
AED1
3,904.98
3,904.98
AFN1
196.77
196.77
ALL1
129.39
129.39
AMD1
29.73
29.73
ANG1
7,772.77
7,772.77
AOA1
53.35
53.35
ARS1
482.14
482.14
AUD1
10,375.77
10,375.77
AWG1
7,995.37
7,995.37
AZN1
8,425.09
8,425.09
BAM1
8,299.56
8,299.56
BBD1
7,171.86
7,171.86
BDT1
169.71
169.71
BGN1
8,319.73
8,319.73
BHD1
38,038.03
38,038.03
BIF1
8.10
8.10
BMD1
14,343.72
14,343.72
BND1
9,493.49
9,493.49
BOB1
2,075.83
2,075.83
BRL1
3,675.14
3,675.14
BSD1
14,343.72
14,343.72
BTC1
91,583,896
91,583,896
BTN1
205.12
205.12
BWP1
1,324.36
1,324.36
BYN1
6,969.22
6,969.22
BZD1
7,134.69
7,134.69
CAD1
10,909.89
10,909.89
CDF1
8.81
8.81
CHF1
14,437.67
14,437.67
CLF1
613,504.02
613,504.02
CLP1
21.48
21.48
CNH1
2,065.99
2,065.99
CNY1
2,068.08
2,068.08
COP1
4.76
4.76
CRC1
25.27
25.27
CUC1
14,343.72
14,343.72
CUP1
562.49
562.49
CVE1
147.19
147.19
CZK1
631.41
631.41
DJF1
80.56
80.56
DKK1
2,182.21
2,182.21
DOP1
287.50
287.50
DZD1
120.29
120.29
EGP1
801.50
801.50
ERN1
956.45
956.45
ETB1
519.14
519.14
EUR1
16,267.66
16,267.66
FJD1
6,765.74
6,765.74
FKP1
18,206.39
18,206.39
GBP1
18,206.39
18,206.39
GEL1
5,780.22
5,780.22
GGP1
18,206.39
18,206.39
GHS1
2,943.81
2,943.81
GIP1
18,206.39
18,206.39
GMD1
297.89
297.89
GNF1
1.58
1.58
GTQ1
1,913.77
1,913.77
GYD1
68.67
68.67
HKD1
1,827.29
1,827.29
HNL1
596.66
596.66
HRK1
2,190.41
2,190.41
HTG1
212.81
212.81
HUF1
50.12
50.12
IDR1
1.00
1.00
ILS1
3,892.81
3,892.81
IMP1
18,206.39
18,206.39
INR1
204.10
204.10
IQD1
12.03
12.03
IRR1
0.33
0.33
ISK1
131.24
131.24
JEP1
18,206.39
18,206.39
JMD1
105.56
105.56
JOD1
20,216.57
20,216.57
JPY1
129.72
129.72
KES1
142.30
142.30
KGS1
210.51
210.51
KHR1
3.52
3.52
KMF1
33.06
33.06
KPW1
15.93
15.93
KRW1
12.61
12.61
KWD1
47,280.81
47,280.81
KYD1
17,207.68
17,207.68
KZT1
39.64
39.64
LAK1
1.68
1.68
LBP1
9.49
9.49
LKR1
89.54
89.54
LRD1
93.32
93.32
LSL1
1,006.22
1,006.22
LYD1
10,276.86
10,276.86
MAD1
1,497.80
1,497.80
MDL1
864.13
864.13
MGA1
4.31
4.31
MKD1
264.18
264.18
MMK1
9.47
9.47
MNT1
5.87
5.87
MOP1
1,773.66
1,773.66
MRO1
40.12
40.12
MRU1
398.99
398.99
MUR1
412.17
412.17
MVR1
927.19
927.19
MWK1
19.72
19.72
MXN1
747.55
747.55
MYR1
3,495.48
3,495.48
MZN1
245.52
245.52
NAD1
1,005.51
1,005.51
NGN1
39.74
39.74
NIO1
447.89
447.89
NOK1
1,695.20
1,695.20
NPR1
128.20
128.20
NZD1
9,405.39
9,405.39
OMR1
37,254.49
37,254.49
PAB1
14,343.72
14,343.72
PEN1
4,323.00
4,323.00
PGK1
4,328.25
4,328.25
PHP1
267.88
267.88
PKR1
116.12
116.12
PLN1
3,764.23
3,764.23
PYG1
2.49
2.49
QAR1
3,939.43
3,939.43
RON1
3,487.43
3,487.43
RSD1
137.90
137.90
RUB1
213.05
213.05
RWF1
16.33
16.33
SAR1
3,823.97
3,823.97
SBD1
1,818.16
1,818.16
SCR1
1,055.33
1,055.33
SDG1
796.69
796.69
SEK1
1,557.02
1,557.02
SGD1
10,392.95
10,392.95
SHP1
18,206.39
18,206.39
SLL1
2.19
2.19
SOS1
24.79
24.79
SRD1
1,923.26
1,923.26
SSP1
110.11
110.11
STD1
0.68
0.68
STN1
660.54
660.54
SVC1
1,638.95
1,638.95
SYP1
27.85
27.85
SZL1
984.80
984.80
THB1
430.35
430.35
TJS1
1,522.29
1,522.29
TMT1
4,098.23
4,098.23
TND1
5,154.61
5,154.61
TOP1
6,207.95
6,207.95
TRY1
2,398.64
2,398.64
TTD1
2,127.88
2,127.88
TWD1
465.08
465.08
TZS1
6.28
6.28
UAH1
522.33
522.33
UGX1
3.83
3.83
USD1
14,343.72
14,343.72
UYU1
457.87
457.87
UZS1
1.84
1.84
VEF1
0.10
0.10
VND1
0.62
0.62
VUV1
132.20
132.20
WST1
5,541.25
5,541.25
XAF1
24.79
24.79
XAG1
211,784.47
211,784.47
XAU1
17,028,223.52
17,028,223.52
XCD1
5,307.47
5,307.47
XDR1
19,983.25
19,983.25
XOF1
24.79
24.79
XPD1
14,201,707.01
14,201,707.01
XPF1
136.32
136.32
XPT1
11,291,959.19
11,291,959.19
YER1
57.28
57.28
ZAR1
984.89
984.89
ZMW1
1,405.97
1,405.97
ZWL1
44.49
44.49
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