Indonesian Political, Business & Finance News

Archive: 26 January 2000

53 articles found

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Jan. 25, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,263.00 7,337.00Australian dollar 1 4,758.72 4,810.87Austrian schilling 1 531.41 537.36Belgian franc 1 181.27 183.30Brunei dollar 1 4,315.00 4,361.55Canadian dollar 1 5,032.

Government overly casual, uncoordinated, legislators say

Government overly casual, uncoordinated, legislators say JAKARTA (JP): Overly casual and uncoordinated were the impressions of senior House of Representatives members and observers of President Abdurrahman Wahid's first 100 days in office.

Unrest poses serious threat to monetary stability: BI

Unrest poses serious threat to monetary stability: BI JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution said on Tuesday that the ongoing sectarian clashes and social unrest in several parts of the country could become a serious threat to monetary stability.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Music 5:30 Sports 6:30 TVRI News 7:00 Evening News 7:30 TV Drama 8:00 Music 9:00 World News 9:35 Talk Show...

Gus Dur shakes up 8 state firms in a bid to improve performances

Gus Dur shakes up 8 state firms in a bid to improve performances JAKARTA (JP): President Abdurrahman Wahid said on Tuesday he had decided to replace the leaders of eight state companies to improve the companies' performances.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 25, 2000: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 875 0 24,000 Alakasa Industrindo 525 0 0 Alfa Retailindo 975 0 933,500 Alter Abadi 400 0 100,000 Alumindo...

Market sentiment on rupiah remains negative

Market sentiment on rupiah remains negative HONG KONG (Dow Jones): Asian currencies ended a day of listless trading mostly a touch lower against the U.S. dollar Tuesday.Their softness reflected an overnight rally in the U.S.

Strong waves destroy houses

Strong waves destroy houses MATARAM, West Nusa Tenggara: Strong waves have destroyed 24 houses in Melayu Bangsal fishing hamlet here over the last two days, at a time when the town is still counting the losses from last weeks riots.

Irianese rugby team to play in Darwin

Irianese rugby team to play in Darwin TIMIKA, Irian Jaya (JP): Irian Jaya is often in the news for the independence movement there, but most people are probably not aware that the province also has a world-class rugby team.

Where to go in Surabaya:

Where to go in Surabaya:Performance * Concert: Indigo-Live Dinner Jazz features Margie Segers, Syaharani, Bertha, Idang Rasyidi in Balai Adika, Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333), 7 p.m., Feb. 5.Music and Entertainment * Hyatt Regency Surabaya, Jl. Jend.

Peaceful PDI celebration assured

Peaceful PDI celebration assured JAKARTA (JP): City military commander Maj. Gen. Ryamizard Ryacudu vowed on Tuesday that his command was ready to prevent any efforts to disrupt security in the city in connection with the 27th anniversary of the Indonesian Democratic Party (PDI) here on Thursday.

Officers foil 57 gun smuggling attempts

Officers foil 57 gun smuggling attempts TANGERANG (JP): Soekarno-Hatta International Airport customs and excise officers have foiled attempts to smuggle 57 various types of guns into the country in the past eight months, an official said on Tuesday.

National Police chief yet to accept offer to lead PBVSI

National Police chief yet to accept offer to lead PBVSI JAKARTA (JP): National Police chief Lt. Gen. Rusdihardjo has yet to respond to the offer from the Indonesian Volleyball Association (PBVSI) to chair the organization for the 2000 to 2004 term.

RI continues to import NZ milk

RI continues to import NZ milk PURWOKERTO, Central Java (JP): Indonesia imports about 30 percent of the country's milk demand from New Zealand due to the shortage of local milk production, a senior official said here on Tuesday.

Pressure of contagion likely has less bite

Pressure of contagion likely has less biteBy James T. Areddy SINGAPORE (Dow Jones): Southeast Asian financial markets appear to have started 2000 better insulated from regional contagion than at any time since the 1997-1998 crisis, which analysts attribute to real financial system improvements made...

Neglected railroad

Neglected railroad I went to Magelang, Central Java, recently via Purwokerto and Wonosobo. Wonosobo is a very fertile area with fresh air and cool climate. Vegetables such cabbage, potatoes and tobacco are among the main agricultural products.

President to decide on who should manage Senayan

President to decide on who should manage Senayan JAKARTA (JP): The chairman of an organization involved in managing Gelora Senayan sports complex said on Tuesday President Abdurrahman Wahid would select the best institution to oversee its extensive facilities.

Waves hit RP; 5,000 homeless

Waves hit RP; 5,000 homeless ZAMBOANGA, Philippines (AP): High waves whipped by monsoon winds struck at least three southern Philippine towns, destroying huts on stilts and leaving more than 5,000 people homeless, police said on Tuesday.

Mandiri expects to raise up to $1.5b from IPO

Mandiri expects to raise up to $1.5b from IPO JAKARTA (JP): Bank Mandiri expects to raise between US$1.2 billion and $1.5 billion from its planned initial public offering, the bank's president, Robby Djohan, said on Tuesday.

Poll watchdogs call for delay of local elections

Poll watchdogs call for delay of local elections JAKARTA (JP): Seven election monitoring bodies proposed on Tuesday local elections scheduled for June in three newly established provinces be delayed, citing inadequacies in the polls' legal basis, security guarantees and the preparation of poll...

GSM regulations

GSM regulations I thank Mr. Ridwan Tjokroutomo for his letter GSM regulations must be clear, published in The Jakarta Post of Dec. 30, 1999. In response to this letter, allow us to explain that in every process of migration, either from the prepaid service to the postpaid service, or the other way...

Politicians, legislators call for an end to violence

Politicians, legislators call for an end to violence JAKARTA (JP): A dozen politicians and legislators called on Tuesday for an end to sectarian clashes and violence in a number of troubled provinces and warned against "a group of elites" that had been exploiting the situation for its own political...

Newcrest closes gold mine on Halmahera

Newcrest closes gold mine on Halmahera MELBOURNE (Dow Jones): Unrest on the Indonesian island of Halmahera has again forced Australia's Newcrest Mining Ltd. to shut its Gosowong gold mine and evacuate staff.

Message from the Ambassador

Message from the Ambassador Australia and Indonesia have experienced ups and downs in their relationship, a common thing in international relations.Relations between the two nations were originally very good.

Domestic debt 'constraint to economic growth'

Domestic debt 'constraint to economic growth' JAKARTA (JP): The government's mounting domestic debt will constrain its ability in 2000 and the years to come to stimulate economic growth, according to the University of Indonesia's noted economist Sri Mulyani Indrawati.

Quick settlement in Aceh foreseen

Quick settlement in Aceh foreseen SABANG, Aceh (JP): President Abdurrahman Wahid, on his first visit since to Aceh since being elected in October, boasted he foresaw a quick end to strife in the province, but failed to propose any solutions.

Around of the golf courses in the capital of East Java

Around of the golf courses in the capital of East JavaBy Sirikit Syah SURABAYA (JP): More residents of East Java are learning the intricacies of how to pick out the right iron or wood.They are not trying their hand at the smelting business or forestry, but instead teeing off in the ancient game of...

Jasa Marga to issue bonds

Jasa Marga to issue bonds JAKARTA (JP): Toll road operator PT Jasa Marga will soon issue Rp 250 billion (US$33 million) in bonds to finance its toll road projects.The company said here on Tuesday that about 60 percent of the bond proceeds would be used to finance several ongoing toll road projects,...

Atmospheric alfresco at the Dharmawangsa

Atmospheric alfresco at the Dharmawangsa JAKARTA (JP): "You are fortunate -- we've got the Garden Barbecue tonight," the waitress said as she ushered us to our seats where we were going to dine alfresco in the Pergola Terrace.

C. Java to send 17 swimmers to PON

C. Java to send 17 swimmers to PON SEMARANG (JP): Central Java is training 17 swimmers for the 15th National Games (PON) in Surabaya, East Java, from June 19 to June 30.Coach Hartardi Nurtjahja said on Tuesday the provincial sports council had targeted four swimming gold medals at the Games.

Supplements: A necessity or a modern 'con'?

Supplements: A necessity or a modern 'con'? This is the fourth in the six-article series New Millennium New You, providing practical tips on how to stay healthy. The weekly column is written by Clare E. Urwin, a nutrition, fitness and health adviser based in Surabaya. SURABAYA (JP): Good news.

RI forex reserves rise

RI forex reserves rise JAKARTA (JP): Bank Indonesia said on Tuesday that the country's net foreign exchange reserves rose by US$33 million to $16.7 billion as of Jan. 21 from $16.67 billion a week earlier.The central bank said in its weekly report that the increase was due to oil export earnings.

Name not the same

Name not the same I would like to correct my letter What and whose truth? in The Jakarta Post of Jan. 25, 2000. The article I referred to, The United States and the overthrow of Sukarno, 1965-1967, available at http://www.pir.org/scott.html, is by Peter Dale Scott, not Ken Dale Scott.

Fire engines collide as they race to blaze

Fire engines collide as they race to blaze MEDAN, North Sumatra (JP): Two fire engines collided here in the wee hours of Tuesday morning when rushing to save the same burning building.The two fire engines, license plates BK-8831-AX and B-7770-XX, were both rushing to a fire on Jl.

Rice aid allegedly sold to flour mill

Rice aid allegedly sold to flour mill JAKARTA (JP): An official of a non-governmental organization (NGO) accused the City Logistics Agency (Dolog Jaya) of illegally selling rice donated by the World Food Program (WFP) to a flour factory and not properly allocating it to the needy.Farid R.

Govt regrets Newmont case

Govt regrets Newmont case JAKARTA (JP): A top official of the Ministry of Mines and Energy expressed concerns on Tuesday over the closure order issued by a district court in North Sulawesi to gold mining company Newmont Minahasa Raya.

Tyasno denies politics behind any reshuffle

Tyasno denies politics behind any reshuffle JAKARTA (JP): In the latest denial of a purge in the Indonesian Military (TNI), Army Chief of Staff Gen. Tyasno Sudarto warned people against linking any replacements in the military to politics.

Government 'will not wash its hands of problems' in Maluku

Government 'will not wash its hands of problems' in Maluku TERNATE, North Maluku (JP): Demands for concrete action to resolve the prolonged conflict in Maluku greeted Vice President Megawati Soekarnoputri when she addressed thousands of people here on Tuesday.

Prudential BancBali expects lower sales

Prudential BancBali expects lower sales JAKARTA (JP): Prudential BancBali Life (PBBL) projected on Tuesday a lower premium income this year amid the expected tighter competition in the life insurance market.

People protest illegal guides

People protest illegal guides DENPASAR, Bali: The local chapter of the Indonesian Guide Association staged a protest in front of the governor's office here on Tuesday, demanding firm action against illegal tourist guides operating on the island.

Nightspot owners appeal for delay on tax hike

Nightspot owners appeal for delay on tax hike JAKARTA (JP): The Indonesian Association of Entertainment Centers (Aspehindo) asked City Council on Tuesday to issue a ruling that would postpone the enactment of a 1998 city bylaw which imposes a 20 percent increase on entertainment tax.

Djoko regranted city arrest status

Djoko regranted city arrest status JAKARTA (JP): The South Jakarta District Court ruled in favor of Djoko S. Tjandra on Tuesday, one of the defendants in the Rp 546 billion (US$78 million) Bank Bali scandal, and regranted him city arrest status.

Belgian firm opens textile machine parts factory

Belgian firm opens textile machine parts factory TANGERANG (JP): PT Southwest Screens & Filters, a subsidiary of a Belgian company, officially opened on Tuesday Indonesia's first screen and filter factory.

Public facilities remain neglected, damaged in capital

Public facilities remain neglected, damaged in capital JAKARTA (JP): The city's physical appearance has worsened lately as many public facilities remain neglected or damaged without repairs being made.Dilapidated facilities, which are commonplace in the city's five mayoralties, include small...

Constructive opposition vital to government

Constructive opposition vital to governmentBy Aleksius Jemadu BANDUNG (JP): The existence of an effective political opposition force is essential to any democratic political system. After all, political power has a natural tendency to sustain itself.

Over 3,000 ostriches killed

Over 3,000 ostriches killed PURWOKERTO, Central Java (JP): The government has had more than 3,000 ostriches exterminated in a bid to curb the spread of anthrax in Purwakarta, West Java.Director general of animal husbandry Sofyan Sudrajat said here on Monday the extermination of the large birds was...

Poor coordination in the Cabinet

Poor coordination in the Cabinet Word has it that political parties represented in the Cabinet are vying with each other for control of our state-owned companies (BUMN). Unconfirmed reports even mention the existence of brokers offering strategic positions to politicians, obviously at a fee.

North Maluku conflict runs deep

North Maluku conflict runs deepBy Ester Indahyani Jusuf and Desideria Utomo This is the second part of an article on the conflict in North Maluku. JAKARTA (JP): After Indonesia achieved independence, the Sultanate Confederation of North Maluku, under the sultan of Ternate, was conveyed local...

Monagro expands plantations

Monagro expands plantations JAKARTA (JP): Herbicide and seed producer PT Monagro Kimia announced on Monday that it would expand its hybrid corn plantation acreage to 100,000 hectares nationwide this year from 30,000 hectares.

Hearing delayed for Zarina's breakfast

Hearing delayed for Zarina's breakfast JAKARTA (JP): A judge at the West Jakarta District Court decided on Tuesday to suspend the initial hearing of drug defendant Zarina Mirafsur for 10 minutes so she could have her breakfast.

Rape suspect sent to city police for interrogation

Rape suspect sent to city police for interrogation JAKARTA (JP): South Jakarta police detectives have sent one of two alleged rapists of a young woman in a taxi to the Jakarta Police Detectives for further investigation into the possibility he committed other rapes in the past.

Environment still ignored

Environment still ignoredFrom NeracaAccording to an assessment made by the Forum for Environmental Affairs (Walhi) East Java office, the government -- during the New Order regime and B.J. Habibie presidency and at present under President Abdurrahman Wahid -- has never shown concrete efforts and...

Government can help out in developing tourism

Government can help out in developing tourism SURABAYA (JP): Support from the local government is the key to successful tourism in East Java. In 2000 and beyond, tourist industries, including travel agencies, airlines and hotels, will find difficulties in increasing their targeted market, and even...