Indonesian Political, Business & Finance News

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On This Day - September 1, 2000

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 31, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 580 5 12,000 Adindo Foresta Indonesia 250 -10 235,000 Alakasa Industrindo 815 0 0 Alfa Retailindo 850...

Bloody Myanmar refugee camp protest draws flak

Bloody Myanmar refugee camp protest draws flak BANGKOK (Agencies): Thai and international aid authorities on Thursday criticized a bloody demonstration staged at a refugee camp in Thailand in which half a dozen Myanmar children slashed themselves to protest Yangon's roadblock against opposition...

Experts differ on Soeharto's trial

Experts differ on Soeharto's trial JAKARTA (JP): With former president Soeharto's appearance as a defendant in his corruption trial in doubt, judicial experts disagreed on Thursday over the legality of trying him in his absence.

Economic team meet with Kota retailers

Economic team meet with Kota retailers JAKARTA (JP): Three top economic ministers met with nearly 500 store owners at major shopping malls in the Kota area, West Jakarta on Thursday in recognition of the latter's importance to the country's economy.

PT PLN first half losses surge 12-fold

PT PLN first half losses surge 12-fold JAKARTA (JP): Cash-strapped state electricity company PT Perusahaan Listrik Negara (PLN) announced on Thursday a twelvefold increase in losses of up to Rp 11.58 trillion (US$1.

Deutsche Bank's new official

Deutsche Bank's new official JAKARTA (JP): Deutsche Bank announced on Thursday the appointment of Paul Leonhardt as the bank's head of corporate relationship management in Indonesia.The bank said that Leonhardt would be responsible for identifying solutions that best meet the extensive product...

Asian monies up amid rupiah control rumors

Asian monies up amid rupiah control rumors HONG KONG (Dow Jones): Talk of capital controls in Indonesia rippled briefly through Asian foreign exchange markets on Thursday, but the effects were short-lived and most currencies ended slightly stronger in quiet dealings.The U.S.

Manpower ministry mulls way to help job seekers

Manpower ministry mulls way to help job seekers JAKARTA (JP): A more effective system to facilitate job seekers needs to be established to help lower the country's unemployment rate.The Ministry of Manpower's Director General for Upbuilding and Manpower Employment Tjepy Aloewie said Presidential...

NTT Comms to buy Verio for $5.5 billion

NTT Comms to buy Verio for $5.5 billion TOKYO (Reuters): NTT Communications, a unit of Japan's former state monopoly NTT Corp, will buy U.S. Internet service provider Verio Inc for US$5.5 billion, after the U.S. government gave the go-ahead a week ago.

Balinese student named best young researcher

Balinese student named best young researcher JAKARTA (JP): A Balinese junior high school student who found a better way of preventing land erosion caused by wave action and tides won first prize at the Youth Scientific Research Contest on Thursday.

No time for experimenting

No time for experimenting On the evening of Aug. 23, I was very surprised when l heard the Cabinet members of President Abdurrahman Wahid or Gus Dur announced by the palace secretary.In light of the economic team, which is against the market's expectation, one day after the announcement, the rupiah...

Indonesia wary over crops altered genetically

Indonesia wary over crops altered genetically JAKARTA (JP): Indonesia is still wary about the entry of genetically altered crops despite their high potential in solving the problem of nourishment, the Indonesian ambassador to Japan said on Thursday.

Teater Payung Hitam paints black picture of troubled Aceh

Teater Payung Hitam paints black picture of troubled AcehBy Tuti Gintini JAKARTA (JP): What can a dramatist do in the face of the harsh realities in Aceh after the province was declared a military operation zone (DOM)?Just look at Teater Payung Hitam (Black Umbrella Theater) of Bandung and its...

No-confidence motion urged against PDI-P's Arifin

No-confidence motion urged against PDI-P's Arifin JAKARTA (JP): A member of the Indonesian Democratic Party of Struggle (PDI Perjuangan) faction at the House of Representatives has confirmed that around 50 faction members have signed a petition demanding a no-confidence motion against their...

Australia, NZ prioritize ASEAN trade deal

Australia, NZ prioritize ASEAN trade deal AUCKLAND (Reuters): Australian and New Zealand trade ministers on Thursday set as a priority the extension of their countries' existing free trade area to include Southeast Asia.

Recycling cartridges

Recycling cartridges On Aug. 26, 2000 I attended the launch of the "HP Laserjet Print Cartridge Recycling Program", held at the parking lot of BNI 46 on Jl. Sudirman. State minister for Environment Sonny Keraf and Minister of Settlement and Regional Infrastructure Erna Witular were scheduled to...

Indonesia and Iraq vow to fight it out in soccer match

Indonesia and Iraq vow to fight it out in soccer match JAKARTA (JP): Indonesia looks certain to field a team of mostly substitutes in its Independence Cup soccer group match against Iraq on Friday, reducing the encounter to a warm-up for this weekend's final.

Organda ready to face class action for taxi fare hike

Organda ready to face class action for taxi fare hike JAKARTA (JP): The Organization of Land Transportation Owners (Organda) is ready to face a class action filed by the public over its decision to raise taxi fares by about 50 percent effective from Friday, an executive said.

Chubu, CPC make LNG buying pact

Chubu, CPC make LNG buying pact TOKYO (Nikkei): Chubu Electric Power Co. and Chinese Petroleum Corp. recently reached a mutual purchase agreement for liquefied natural gas, The Nihon Keizai Shimbun reported in its Thursday morning edition.

Asian stocks lower in quiet trading

Asian stocks lower in quiet trading TOKYO (AFP): Asian shares closed mostly lower in quiet trading on Thursday as markets continued their mid-summer slumber.In Jakarta, Indonesian share prices closed down 0.

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246,918
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999
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1994-2017
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