Indonesian Political, Business & Finance News

Archive: 22 January 2000

47 articles found

Government doesn't need to 'recapitalize BI'

Government doesn't need to 'recapitalize BI' JAKARTA (JP): Finance Minister Bambang Sudibyo revealed on Friday that Bank Indonesia (BI) had massive profits accumulated from its foreign exchange transactions, and that thereby, the government did not need to recapitalize the central bank after all.

Official arrested over fake bills

Official arrested over fake bills BOGOR (JP): An official of Bogor District Prosecutor's Office and two of his associates were arrested by local police for allegedly distributing fake Taiwan dollar bills in Jakarta.Bogor Police chief of detectives Capt.

Indonesia signs new letter of intent with IMF (2)

Indonesia signs new letter of intent with IMF (2) The following is the second and last part of the complete text of the new Letter of Intent signed by the Indonesian government and the International Monetary Fund on Thursday. Tables and annexes are not included.

Even long-term foreign funds wary of Indonesia

Even long-term foreign funds wary of Indonesia LONDON (Reuters): There is no big pull-out of money yet, but even foreign investors not normally shy of high risk are sitting on their hands when it comes to Indonesia.

Gus Dur to meet Bintan protesters

Gus Dur to meet Bintan protesters JAKARTA (JP): President Abdurrahman Wahid has agreed in principle to receive representatives of villagers in Bintan who are seeking higher compensation for their former land, a Palace official said on Friday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 21, 2000: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 875 75 80,500 Alakasa Industrindo 525 0 0 Alfa Retailindo 1,050 -50 3,005,500 Alter Abadi 400 0 0 Alumindo...

KONI to maintain training organization

KONI to maintain training organization JAKARTA (JP): Indonesia's Olympic training director Arie Sudewo told reporters on Friday that the National Sports Council (KONI) chairman Wismoyo Arismunandar would maintain the structural organization of officials until 2002.

U.S. gives Indonesia more aid, time on human rights

U.S. gives Indonesia more aid, time on human rights WASHINGTON (Agencies) United States Secretary of State Madeleine Albright promised Indonesian Foreign Minister Alwi Shihab on Thursday a big increase aid, and said Jakarta had time to investigate war crimes in East Timor on its own before...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Jan. 21, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,234.00 7,306.00Australian dollar 1 4,810.61 4,865.80Austrian schilling 1 534.02 539.87Belgian franc 1 182.16 184.15Brunei dollar 1 4,319.84 4,365.44Canadian dollar 1 5,002.

E. Timor gets own phone code

E. Timor gets own phone code DILI, East Timor (AFP): The UN-administered territory of East Timor has now been given its own telephone country code, a UN spokesman said Friday.Manoel de Almeida Silva, of the UN Transitional Administration in East Timor (UNTAET), said international communication...

Suwardoyo wins pre-Olympic match

Suwardoyo wins pre-Olympic match JAKARTA (JP): Indonesian flyweight Suwardoyo won his fight against Holapatiphone of Laos in the Olympic qualifying round at Tae Jeon City in South Korea on Thursday evening, outpointing his opponent 11-4, Antara news agency reported.

Plan to use budget for recapitalization called 'unfair'

Plan to use budget for recapitalization called 'unfair' JAKARTA (JP): The government's plan to use a large part of the 2000 state budget to finance bank recapitalization costs is unfair, according to analysts.Analyst Didik J.

Thousands of students decry arrests in Makassar

Thousands of students decry arrests in Makassar MAKASSAR, South Sulawesi (JP): Thousands of students at various higher education institutions and the congregation of the Al Markaz al Islami mosque marched on Friday to the police station demanding the release of their friends detained during recent...

Separate province for Flores urged

Separate province for Flores urged MAUMERE, Flores: Some 200 non-governmental organization activists from the East Nusa Tenggara islands of Flores and Lembata demanded on Friday the creation of a separate province.

An aircraft carrier in sight?

An aircraft carrier in sight? Outwardly, the sea has calmed down and the "sharks" have been chased away, though some are still swimming around; they are called shark provocateurs. Yet Mr. Clinton from the USA found it necessary to send special emissaries from the White House, such as Mr.

Refugees keep flowing out of Lombok island

Refugees keep flowing out of Lombok island MATARAM, West Nusa Tenggara (JP): There was no letup on Friday in the exodus of people fleeing the violence in Lombok of the past week, with most headed to neighboring Bali.

Divorce cases up in Malang

Divorce cases up in Malang MALANG, East Java: Divorce rates among Muslim couples here have increased slightly from 826 cases in 1998 to 863 cases last year, Antara reported on Friday.Rodiah, a staff member at the local Ministry of Religious Affairs office, told the agency that most divorces were...

Carmanah sells RI mining unit

Carmanah sells RI mining unit CALGARY (Dow Jones): Carmanah Resources Ltd. said it has sold its GFB Resources (Langsa) Ltd. unit to Maple Oil NL for $2.15 million and 14,743,760 Maple shares.In a news release, Carmanah said GFB Resources operates and holds 80 percent of the Langsa Technical...

BSM to help government boost trade with Iraq

BSM to help government boost trade with Iraq JAKARTA (JP): Bank Syariah Mandiri (BSM) and the Indonesian Chamber of Commerce and Industry (KADIN) agreed here on Friday to help promote bilateral trade with Iraq.

Downer hopes to patch things up with Indonesia

Downer hopes to patch things up with Indonesia SYDNEY (Agencies): Australia is hoping that Foreign Minister Alexander Downer's meeting on Monday with Indonesian President Abdurrahman Wahid will ease tension created following Canberra's strident criticism of Jakarta over its policies in East Timor.

Resurfacing set for 42 streets

Resurfacing set for 42 streets JAKARTA (JP): As part of its routine property and public facility maintenance programs, the city administration will resurface 42 major streets, an official said on Thursday."The repair projects, estimated to cost some Rp 16 billion (US$ 2.

Taufik and Marlev fall in Taipei Open quarters

Taufik and Marlev fall in Taipei Open quarters JAKARTA (JP): Indonesia was shut out of the men's singles of the US$150,000 Chinese Taipei Open after Taufik Hidayat and Marlev Mainaky lost in the quarterfinals on Friday.

Tanri a suspect in Bank Bali scandal

Tanri a suspect in Bank Bali scandal JAKARTA (JP): Former state minister of the empowerment of state enterprises Tanri Abeng and Bank Indonesia official Erman Munzir were officially named on Friday night as suspects in the Rp 546 billion Bank Bali scandal.

Japan to reschedule RI debts

Japan to reschedule RI debts TOKYO (AFP): Japan is expected to agree to reschedule one billion dollars of loans extended to Indonesia, the Nihon Keizai Shimbun newspaper said Friday.The Japanese government will make a final decision following further discussions at the foreign, trade and finance...

Razaleigh stirs UMNO waters

Razaleigh stirs UMNO waters KUALA LUMPUR (Reuters): A former archrival of Prime Minister Mahathir Mohamad has called for changes in Malaysia's main political party, the latest sign of internal division in the organization.

World pepper trade to drop

World pepper trade to drop HANOI (Reuters): World black pepper exports from the 1999/2000 crop are likely to fall 12 percent to 118,800 tons because of indications India's harvest will be well down, an industry report said.

Bakrie unit seals debt deal with IBRA

Bakrie unit seals debt deal with IBRA JAKARTA (JP): PT Seamless Pipe Indonesia Jaya (SPIJ) of the Bakrie Group has entered into an agreement with the Indonesian Bank Restructuring Agency (IBRA) and the Asian Development Bank (ADB) to restructure its debt totaling US$140 million and Rp 561 billion...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Fenomena Masyarakat Urban, by 15 Jakartan artists, at Galeri Milenium, Golden Truly, Blok B-23, Jl. R.S. Fatmawati No. 15, South Jakarta (Phone: 7507828), 10 a.m. to 8 p.m., until Jan. 30.

Police deployed to monitor forest

Police deployed to monitor forest PONTIANAK, West Kalimantan: Provincial police here started a four-day forest ranger training program on Thursday to reinforce monitoring of illegal logging activities around the border area.West Kalimantan Police chief Brig. Gen.

KL awards LNG contract

KL awards LNG contract KUALA LUMPUR (AFP): A consortium of Malaysian, Japanese and American companies won a tender Friday to build a 1.5 billion dollar liquefied natural gas (LNG) plant in the eastern state of Sarawak.

FCCI to meet in Cirebon

FCCI to meet in Cirebon JAKARTA (JP): The G-15 developing countries' Federation of Chambers of Commerce and Industry will hold their third general body meeting and workshop in Cirebon, West Java, from Jan. 22 to Jan 24.

Raden Saleh mansion now a hospital

Raden Saleh mansion now a hospitalBy Ida Indawati Khouw Cikini Hospital, noted for its vast garden and giant old trees, celebrated its 102nd anniversary on Wednesday last week. What used to be the elegant mansion of Raden Saleh Sjarif Bustaman, one of the country's few world-class painters, the...

Human rights body starts inquiry into Maluku strife

Human rights body starts inquiry into Maluku strife AMBON, Maluku (JP): A National Commission on Human Rights fact-finding team started on Friday their inquiry into the year- long sectarian violence across Maluku.The team of four, comprising Bambang W. Suharto, Maj. Gen.

New funds help banks evade closure

New funds help banks evade closure JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin confirmed on Friday that the owners of two ailing banks provided fresh funds in a bid to meet the minimum 4 percent capital adequacy ratio (CAR) requirement.

Robbers caught in raid

Robbers caught in raid BOGOR (JP): Local police apprehended seven of 10 alleged notorious armed robbers and confiscated two assembled guns from them in the wee hours of Thursday.Bogor Police chief Lt. Col.

Police question men from Maluku, East Timor

Police question men from Maluku, East Timor JAKARTA (JP): Tanjung Priok port police in North Jakarta detained 113 new arrivals for questioning on Friday for possession of sharp weapons and suspicion of intending to cause public disorder.Seaport police chief Lt. Col.

Baihaki tipped as new Pertamina boss after Palace visit

Baihaki tipped as new Pertamina boss after Palace visit JAKARTA (JP): President Abdurrahman 'Gus Dur' Wahid invited the former president of PT Caltex Pacific Indonesia, Baihaki Hakim, for a face-to-face talk on the oil business at Merdeka palace on Friday, raising speculations that the President...

Railway firm putting safety first

Railway firm putting safety first JAKARTA (JP): Train commuters may find themselves late to work for some time as the state railway operator, PT Kereta Api Indonesia (KAI), has introduced a new policy aimed at preventing passengers from riding on the top of train carriages.

President set to hold dialog with Aceh leaders on Tuesday

President set to hold dialog with Aceh leaders on Tuesday JAKARTA (JP): President Abdurrahman Wahid is expected to hold a dialog with Acehnese leaders during a one-day visit to Sabang off the province's coast on Tuesday.

Student shot dead after robbing ATM customer

Student shot dead after robbing ATM customer JAKARTA (JP): A senior university student was shot dead on Friday morning by a BCA bank security guard after robbing an ATM customer on Jl. Radio Dalam in South Jakarta.Detectives chief of the local police precinct, Maj.

Three killed in road crash

Three killed in road crash SUBANG, West Java: Three people were killed and two children seriously injured after an intercity bus struck another vehicle near Ciasem market here on Friday.Wahono, 35, his wife Tini, 30, and an ojek (motorbike taxi) driver, Giman, died instantly.

WB to hold forestry seminar

WB to hold forestry seminar JAKARTA (JP): The World Bank's office in Jakarta will hold a high-level seminar on forestry next Wednesday to find solutions to the ongoing problems confronting Indonesia's forestry sector.

President and provocateurs

President and provocateurs Not many people, perhaps, have as many labels as President Abdurrahman Wahid, or Gus Dur. Long before he was appointed president, he had earned a host of epithets and nicknames: a kiai(a respected teacher of Islam), a man of culture, a columnist, a social observer, a...

PKB, PDI-P vow to work together

PKB, PDI-P vow to work together JAKARTA (JP): The moderate Muslim-based National Awakening Party (PKB) and nationalist Indonesian Democratic Party of Struggle (PDI Perjuangan) said they would further their strong partnership to calm rising regional and sectarian tension.

Eliminating violence

Eliminating violenceFrom Sinar PagiSince its proclamation of independence on Aug. 17, 1945, the Republic of Indonesia has experienced ups and downs in the form of revolts.The country's natural riches will certainly remain the target of foreign countries.

Pedicab drivers say job offers not for them

Pedicab drivers say job offers not for them JAKARTA (JP): Pedicab drivers banned from operating in the capital rejected on Friday the city administration's offer to take up new jobs, arguing they lacked the skills to do anything else.

Few stimuli in new state budget

Few stimuli in new state budget How to appraise the government's objective of encouraging development through the new state budget? Many people doubt this can be achieved. With a budget deficit as large as 5 percent of gross domestic product (GDP) there isn't much money left to realize such an...