Thu, 05 May 2011
From: The Jakarta Globe
By Faisal Maliki Baskoro
Medan. Saturday will bring an end to state seaport operator Pelabuhan Indonesia’s dominance of the country’s ports as private competitors join the fray.

Law No. 17/2008 on port operation, which goes into effect this week, limits seaport operators Pelindo I, II, III and IV from acting as regulators. They previously regulated the nation’s ports, but the law made the Transportation Ministry the new regulator.

The government and private companies have complained that a lack of competition left Indonesia’s port operators without the vision to improve their ports, resulting in long loading times and overcrowded ports.

“The new law will open up competition. Private companies will be allowed to manage ports in Indonesia. We need to gear up and increase our standards,” said Bambang Cahyana, Pelindo I’s commercial and business development director.

The Belawan port in North Sumatra is one of the country’s busiest ports after Tanjung Priok in North Jakarta, Indonesia’s busiest port. As much as 60 percent of palm oil exports pass through Belawan, but it lacks the standards of a world-class port and struggles with poor services.

It is located near Malaysia’s Port Klang, and Bambang admitted that Pelindo was losing customers to Klang.

“An international port should be 1,200 meters in length, but Belawan is only 850 meters long. Loading time here is poor by logistics standards,” he said.

Shipments to the port’s international terminal can take as many as five days to be unloaded, he continued, while domestic shipments may take up to a week. Belawan, which contributes 60 percent of Pelindo I’s revenue, is also at maximum capacity with 850,000 ton equivalent units.

“We are going to expand by adding another 350 meters in length in Belawan this year if we get government approval. We also have invested in new cranes to improve productivity. They will halve loading times,” he said. Better cranes will increase Belawan’s loading capacity from 18 containers per hour to 25 containers per hour. Expansion will increase the port’s capacity to 1.2 million TEUs each year.

Bambang said Pelindo I had planned to expand Belawan since 2008 and had presented its plan to the Transportation Ministry.

“We could have started the expansion by now, but we couldn’t because the government has yet to open the tender for our expansion,” he said.

Meutya Hafid, a Golkar Party lawmaker from North Sumatra, said infrastructure development in the region had lagged due to poor planning, overlapping red tape and land acquisition issues.

“Pelindo should be able to carry out expansion of Belawan, but it needs to wait for the central government’s permission. It also lacks supporting infrastructure,” she said. “Belawan used to have a supporting industrial zone, but a dispute over the land’s status scared off investors. They had to pack up and now the zone is deserted. The toll road connecting Medan to Belawan is also empty because companies prefer to use ordinary public roads.”



News Search/Filter
Transaction Rates
21 Jul 18
Buy
Sell
AED1
3,897.52
3,897.52
AFN1
199.64
199.64
ALL1
133.47
133.47
AMD1
29.81
29.81
ANG1
7,753.99
7,753.99
AOA1
55.94
55.94
ARS1
519.14
519.14
AUD1
10,612.33
10,612.33
AWG1
8,002.03
8,002.03
AZN1
8,408.62
8,408.62
BAM1
8,534.40
8,534.40
BBD1
7,157.84
7,157.84
BDT1
169.53
169.53
BGN1
8,579.86
8,579.86
BHD1
37,877.18
37,877.18
BIF1
8.01
8.01
BMD1
14,315.68
14,315.68
BND1
9,474.38
9,474.38
BOB1
2,073.25
2,073.25
BRL1
3,800.03
3,800.03
BSD1
14,315.68
14,315.68
BTC1
105,167,864
105,167,864
BTN1
207.90
207.90
BWP1
1,387.91
1,387.91
BYN1
7,170.55
7,170.55
BZD1
7,117.75
7,117.75
CAD1
10,885.64
10,885.64
CDF1
8.85
8.85
CHF1
14,420.01
14,420.01
CLF1
595,246.63
595,246.63
CLP1
21.66
21.66
CNH1
2,111.28
2,111.28
CNY1
2,114.38
2,114.38
COP1
5.00
5.00
CRC1
25.22
25.22
CUC1
14,315.68
14,315.68
CUP1
561.39
561.39
CVE1
151.56
151.56
CZK1
648.68
648.68
DJF1
80.41
80.41
DKK1
2,251.94
2,251.94
DOP1
288.21
288.21
DZD1
121.57
121.57
EGP1
800.42
800.42
ERN1
945.59
945.59
ETB1
517.55
517.55
EUR1
16,794.45
16,794.45
FJD1
6,787.88
6,787.88
FKP1
18,800.77
18,800.77
GBP1
18,800.77
18,800.77
GEL1
5,851.63
5,851.63
GGP1
18,800.77
18,800.77
GHS1
2,985.54
2,985.54
GIP1
18,800.77
18,800.77
GMD1
297.93
297.93
GNF1
1.57
1.57
GTQ1
1,909.41
1,909.41
GYD1
68.38
68.38
HKD1
1,823.68
1,823.68
HNL1
595.74
595.74
HRK1
2,267.24
2,267.24
HTG1
213.21
213.21
HUF1
51.55
51.55
IDR1
1.00
1.00
ILS1
3,945.46
3,945.46
IMP1
18,800.77
18,800.77
INR1
208.24
208.24
IQD1
12.01
12.01
IRR1
0.32
0.32
ISK1
134.69
134.69
JEP1
18,800.77
18,800.77
JMD1
109.54
109.54
JOD1
20,159.83
20,159.83
JPY1
128.48
128.48
KES1
142.16
142.16
KGS1
209.76
209.76
KHR1
3.52
3.52
KMF1
34.07
34.07
KPW1
15.90
15.90
KRW1
12.70
12.70
KWD1
47,277.68
47,277.68
KYD1
17,167.72
17,167.72
KZT1
41.33
41.33
LAK1
1.69
1.69
LBP1
9.47
9.47
LKR1
89.50
89.50
LRD1
93.41
93.41
LSL1
1,060.61
1,060.61
LYD1
10,373.68
10,373.68
MAD1
1,515.94
1,515.94
MDL1
857.71
857.71
MGA1
4.30
4.30
MKD1
272.16
272.16
MMK1
10.00
10.00
MNT1
5.86
5.86
MOP1
1,772.05
1,772.05
MRO1
40.21
40.21
MRU1
399.32
399.32
MUR1
416.27
416.27
MVR1
929.58
929.58
MWK1
19.70
19.70
MXN1
752.52
752.52
MYR1
3,523.87
3,523.87
MZN1
242.04
242.04
NAD1
1,068.73
1,068.73
NGN1
39.71
39.71
NIO1
451.74
451.74
NOK1
1,750.69
1,750.69
NPR1
129.94
129.94
NZD1
9,741.54
9,741.54
OMR1
37,191.12
37,191.12
PAB1
14,315.68
14,315.68
PEN1
4,374.37
4,374.37
PGK1
4,344.33
4,344.33
PHP1
268.74
268.74
PKR1
111.40
111.40
PLN1
3,885.13
3,885.13
PYG1
2.49
2.49
QAR1
3,931.69
3,931.69
RON1
3,605.76
3,605.76
RSD1
142.26
142.26
RUB1
225.54
225.54
RWF1
16.62
16.62
SAR1
3,816.80
3,816.80
SBD1
1,815.32
1,815.32
SCR1
1,057.28
1,057.28
SDG1
794.21
794.21
SEK1
1,617.18
1,617.18
SGD1
10,505.75
10,505.75
SHP1
18,800.77
18,800.77
SLL1
2.19
2.19
SOS1
24.68
24.68
SRD1
1,919.50
1,919.50
SSP1
109.89
109.89
STD1
0.68
0.68
STN1
675.26
675.26
SVC1
1,634.87
1,634.87
SYP1
27.79
27.79
SZL1
1,067.93
1,067.93
THB1
429.61
429.61
TJS1
1,521.56
1,521.56
TMT1
4,078.56
4,078.56
TND1
5,430.80
5,430.80
TOP1
6,154.79
6,154.79
TRY1
2,988.10
2,988.10
TTD1
2,125.58
2,125.58
TWD1
468.07
468.07
TZS1
6.28
6.28
UAH1
544.19
544.19
UGX1
3.82
3.82
USD1
14,315.68
14,315.68
UYU1
458.34
458.34
UZS1
1.83
1.83
VEF1
0.13
0.13
VND1
0.62
0.62
VUV1
131.22
131.22
WST1
5,521.10
5,521.10
XAF1
25.60
25.60
XAG1
222,091.17
222,091.17
XAU1
17,634,710.43
17,634,710.43
XCD1
5,297.10
5,297.10
XDR1
20,045.25
20,045.25
XOF1
25.60
25.60
XPD1
13,128,955.31
13,128,955.31
XPF1
140.73
140.73
XPT1
11,860,548.12
11,860,548.12
YER1
57.19
57.19
ZAR1
1,066.32
1,066.32
ZMW1
1,454.40
1,454.40
ZWL1
44.40
44.40
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