Indonesian Political, Business & Finance News

Archive: 27 January 2000

57 articles found

Rumors surround retirement of Cabinet generals

Rumors surround retirement of Cabinet generals JAKARTA (JP): One of the four active Indonesian Military officers serving in the Cabinet hinted on Wednesday that documents officially retiring them from military service may already have been signed by President Abdurrahman Wahid.

Joger's business strategy fits to a tee

Joger's business strategy fits to a teeBy Tarko Sudarno KUTA, Bali (JP): "Hello, good morning, selamat pagi," says Joseph Theodorus Wulianadi, popularly known as Mr. Joger, every time he answers the phone at his Kuta home, be it in the morning, noon or even midnight.

Semen Cibinong gets ISO

Semen Cibinong gets ISO JAKARTA (JP): Publicly listed cement company PT Semen Cibinong received on Wednesday an ISO 14,001 certificate for its environmental management system from the Societe Generale de Surveillance International Certification Services (SGS-ICS) Indonesia.

Bank Indonesia's conversion rates on Jan. 26, 2000:

Bank Indonesia's conversion rates on Jan. 26, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,311.32 7,388.43Australian dollar 1 4,778.88 4,834.72Austrian schilling 1 531.33 536.94Belgian franc 1 181.24 183.15Brunei dollar 1 4,318.44 4,364.82Canadian dollar 1 5,075.48 5,128.

Where to go in Bali:

Where to go in Bali:Exhibition * Instalation Exhibition: Sepatu Lars at Komaneka Gallery, in Ubud, until February.Festival * Contemporary Theater Festival: Workshops, performances, at Sai Sai Bar, Jalan Monkey Forest, in Ubud, on March.

Asian stocks end mixed with major markets up

Asian stocks end mixed with major markets up HONG KONG (AP): Asian stocks closed mixed Wednesday, with larger markets ending higher while fears of a rise in U.S. interest rates dragged down some smaller exchanges.Tokyo shares rose as investors bought high-tech and telecommunications shares.

National Supercross C'ships begin

National Supercross C'ships begin JAKARTA (JP): The first leg of the 2000 Gudang Garam National Supercross Championships will kick off on Feb. 19 and Feb. 20 in Banjar Ciamis, West Java.Promotor Helmy Sungar said in his fax that four favorite teams from Pertamina, Lippo Cikarang, Indria Sport and...

Police suspect veteran robbers of Tuesday's armed robbery

Police suspect veteran robbers of Tuesday's armed robbery JAKARTA (JP): South Jakarta Police detectives strongly suspect two men as the culprits of Tuesday's afternoon armed robbery in which the two suspects robbed a couple of Rp 68 million (US$9067).

Bank Mandiri set for full online banking in July

Bank Mandiri set for full online banking in July JAKARTA (JP): Online banking will be available by the end of July to customers of the four state banks merged into Bank Mandiri, its president said on Wednesday.

Villagers clash over swallow nests

Villagers clash over swallow nests PADANG, West Sumatra: Dozens have been injured as residents of two neighboring districts in Solok, some 60 kilometers southeast of here, fought for the rights to a cave rich with swallow nests.

Government told to take action in Maluku

Government told to take action in Maluku JAKARTA (JP): Stern measures to restore order and security in restive Maluku and North Maluku are a prerequisite for peace there, intellectuals concluded on Wednesday.

RP: Cautions taken on US troops stay

RP: Cautions taken on US troops stay MANILA (AP): The Philippines and the United States have set in place safeguards to prevent any abuses by U.S. troops during the first major joint military exercises in five years, officials said on Wednesday.

Most Central Java athletes unfit

Most Central Java athletes unfit JAKARTA (JP): Physical tests showed that 95 percent of Central Java's athletes, preparing to compete in the 15th National Games (PON) in Surabaya in June, had below-standard fitness.

Hun Sen stifles talk of new king

Hun Sen stifles talk of new king PHNOM PENH (Reuters): Cambodian Prime Minister Hun Sen on Wednesday urged a halt to all talk about how King Norodom Sihanouk's successor will be chosen and who the new king might be.

Government delays shake-up of state companies

Government delays shake-up of state companies JAKARTA (JP): President Abdurrahman Wahid postponed on Wednesday plans to remove the management of eight state companies to allow their slated replacements to undergo fit and proper tests and meet other technical requirements.

Let locals be heard

Let locals be heard After what Indonesia has had to endure these past two years, I've pretty much gotten used to the idea that many Western expatriates (especially fellow journalists) are merely sneering foreigners, whose written (or televised) observations on Indonesia are often little more than...

Donors shift focus to Indonesia's forests

Donors shift focus to Indonesia's forests JAKARTA (JP): Indonesia's forest management will be the main issue in next week's donors meeting in Jakarta, the World Bank's country director Mark Baird said on Wednesday.

Students attack police station

Students attack police station JAYAPURA, Irian Jaya (JP): Hundreds of angry students from Cendrawasih University attacked a police station in Abepura, Irian Jaya on Tuesday, following a beating of one student by a police cadet.

Government applies sticker visa system

Government applies sticker visa system JAKARTA (JP): The government has begun to use sticker visas to replace the commonly used stamped seals as a measure to curb rampant forged visas being used to enter the country.

Soccer body to initiate gradual training method

Soccer body to initiate gradual training method JAKARTA (JP): The Soccer Association of Indonesia (PSSI) will introduce a gradual training method to ensure sustainability in grooming young players for the national soccer team.

Peace in Aceh, how soon?

Peace in Aceh, how soon? President Abdurrahman Wahid's assurance that the unrest in Aceh, this country's westernmost province, will before long belong in the past cannot have failed to hearten many Indonesians, not in the least those tens of thousands, security officers and ordinary people alike,...

S'pore dollar, rupiah lead currency slide

S'pore dollar, rupiah lead currency slide HONG KONG (Dow Jones): Falls in the Singapore dollar and the Indonesian rupiah dragged other Southeast Asian currencies lower Wednesday. North Asian currencies were unaffected, with the Korean won closing flat on the day, and the New Taiwan dollar edging...

Government assesses 'power' to nail corrupt tycoons

Government assesses 'power' to nail corrupt tycoons JAKARTA (JP): Finance minister Bambang Sudibyo said on Wednesday the three-month old government was still assessing whether it had the "real political power" to put behind bars the "powerful" businessmen responsible for creating the messy banking...

PAN's pre-congress session starts

PAN's pre-congress session starts YOGYAKARTA: Some 3,000 National Mandate Party (PAN) supporters attended a post-Idul Fitri celebration on Wednesday night, marking the opening of a preliminary meeting of the party's first congress to be held here next month.

Accor picks Miss Novotel

Accor picks Miss Novotel JAKARTA (JP): French hotel operator Accor Asia Pacific said on Tuesday that it would hold the grand final of the Miss Novotel tourism Ambassador Contest 1999 on Jan. 28.Accor's director of operations for Indonesia Oswald Pichler said local contests were held simultaneously...

Govt drafts rules on mining authority under autonomy law

Govt drafts rules on mining authority under autonomy law JAKARTA (JP): A regulation on the delegation of authority in the mining and energy sector is being prepared to support the implementation of the autonomy law, a senior minister said here on Tuesday.

Missing passport fogs Anwar's alibi

Missing passport fogs Anwar's alibi KUALA LUMPUR (AFP): Lawyers for Malaysia's ex-deputy premier Anwar Ibrahim ran into problems on Wednesday after his old passport was mislaid as they tried to prove he could not have sodomized his wife's former driver.

Officers badly hurt in drunken brawl over game

Officers badly hurt in drunken brawl over game JAKARTA (JP): Two Army officers and a marine officer of the Indonesian Military (TNI) suffered injuries in a drunken brawl over bets concerning who would win in a billiard game.The incident occurred at the Kramatjati Indah billiard center on Jl.

Governor warns to remiss taxi firms

Governor warns to remiss taxi firms JAKARTA (JP): Governor Sutiyoso threatened on Wednesday to revoke licenses of any taxi firms if they were involved in any crimes.The warning was issued following the vicious rape in a Kotas (Koperasi Taksi Sepakat) taxi last Friday.

Roche protests court's sequestration ruling

Roche protests court's sequestration ruling JAKARTA (JP): Drug company PT Roche Indonesia, an affiliate of Swiss firm Roche, protested on Wednesday the South Jakarta District Court's decision to sequester its assets at the request of drug distributor PT Perusahaan Dagang Tempo in a distribution...

Lecturer drowns in flood

Lecturer drowns in flood JAKARTA (JP): South Jakarta marine officers fished the drowned body of a female law lecturer at the private Pancasila University from the Grogol river which flows by the Pondok Indah golf course.

UNTAET unwilling to cooperate with KPP HAM: Dillon

UNTAET unwilling to cooperate with KPP HAM: Dillon JAKARTA (JP): A senior member of the Commission of Inquiry into Human Rights Violations (KPP HAM) in East Timor has complained that UNTAET has been uncooperative in uncovering alleged rights violations in the territory.

Young choreographers preserve 'legong'

Young choreographers preserve 'legong'By Kadek Suartaya DENPASAR, Bali (JP): The dancers moved elegantly, performing a legong dance depicting the passionate love of Shiva, the god of for his wife, the goddess of Durga.

IBRA raises more than Rp 12t from asset sales

IBRA raises more than Rp 12t from asset sales JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has raised more than Rp 12 trillion (US$1.64 billion) in cash from asset sales and loan recoveries, according to the agency's deputy chairman Arwin Rasyid.

National athletes granted exemption from exit tax

National athletes granted exemption from exit tax JAKARTA (JP): National athletes will be exempt from the exit tax, starting early this year, each time they represent Indonesia in international championships abroad.A letter from the Tax Directorate General, numbered S- 168/PJ.41/1999 and dated Dec.

Five researchers get Unesco award

Five researchers get Unesco award BOGOR (JP): Five young researchers and environmentalists received a Man and Biosphere (MAB) Award from the United Nations Educational, Scientific and Cultural Organization (Unesco) on Tuesday for their outstanding contribution in their field of work.

New provinces invited to see plenary meeting

New provinces invited to see plenary meeting JAKARTA (JP): The National Sports Council (KONI) is inviting new provinces to observe its two-day national plenary meeting on Feb. 15 and Feb. 16 here.The council's spokesman Ahmed Solihin told reporters on Wednesday that KONI's organizational department...

Committee established to evaluate regional autonomy

Committee established to evaluate regional autonomy JAKARTA (JP): Governor Sutiyoso said on Wednesday that the city administration and City Council would establish a joint working committee to evaluate and speed up the implementation of regional autonomy, including a handover of the central...

PBSI sets special team for Uber Cup semifinal match

PBSI sets special team for Uber Cup semifinal match JAKARTA (JP): The Badminton Association of Indonesia (PBSI) demonstrated its desire to reach the Uber Cup finals by establishing a special team of coaches, PBSI officials, psychologists, a professional motivator, masseurs and medical doctors to...

Isrok's name comes up in drug hearing

Isrok's name comes up in drug hearing JAKARTA (JP): In an unprecedented move, the sole defendant in a drug case, Donny Hendrian, publicly mentioned the original name of an accomplice who was arrested along with him in a drug bust in August last year.

Four rebels killed in Aceh

Four rebels killed in Aceh BANDA ACEH, Aceh (JP): Four rebels were killed in the latest joint military and police operation to crush the strongholds of the separatist Free Aceh Movement (GAM) and arrest its leader Ahmad Kandang, police claimed on Wednesday.

Darvies paints bleak pictures of cultural decline

Darvies paints bleak pictures of cultural declineBy Susi Andrini YOGYAKARTA (JP): Onde-onde lalanuk sanjo (Gee, sunset has past). The lyric of a Minang song features in one of Darvies Rasjidin's paintings, which laments the local cultural decadence that prevails in his homeland due to the...

Kalla questions recommendation to close Indorayon

Kalla questions recommendation to close Indorayon JAKARTA (JP): Minister of Trade and Industry Jusuf Kalla said on Wednesday the decision on whether or not to close down pulp and rayon fiber producer PT Inti Indorayon Utama should be made by the court.

Israeli envoy meets top legislators

Israeli envoy meets top legislators JAKARTA (JP): Israel took the initiative in responding to President Abdurrahman Wahid's desire to open trade ties with the Jewish state by lobbying top legislators here on Wednesday.

Eros says he is ready to lead PDI-Perjuangan

Eros says he is ready to lead PDI-Perjuangan YOGYAKARTA (JP): Eros Djarot, chief editor of weekly tabloid Detak, asserted his readiness to be nominated chairman of the Indonesian Democratic Party of Struggle (PDI-Perjuangan) replacing Megawati Soekarnoputri who is now Indonesia's Vice President.

G-15 chamber of commerce declares 2000 year of SMEs

G-15 chamber of commerce declares 2000 year of SMEs JAKARTA (JP): The Federation of Chambers of Commerce, Industry and Services (FCCI) from the Group of 15 developing countries has declared 2000 as the year of small and medium-scale enterprises (SMEs).

Russia to launch RI satellite

Russia to launch RI satellite MOSCOW (AFP): Russia is to put a Indonesian communication satellite in orbit on Feb. 12 after pushing back its launch several times because of technical problems, the ITAR-TASS news agency reported Tuesday, citing the Russian Space Agency.

Clipan to issue bonds

Clipan to issue bonds JAKARTA (JP): Publicly listed finance company PT Clipan Finance will issue bonds worth between Rp 100 billion and Rp 150 billion (about US$20.5 million) to strengthen its consumer financing activities.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 26, 2000: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 850 -25 15,000 Alakasa Industrindo 525 0 0 Alfa Retailindo 1,025 50 767,500 Alter Abadi 400 0 44,500...

Medco buys two oil fields

Medco buys two oil fields JAKARTA (JP): Publicly listed oil and gas company PT Medco Energy Corporation has acquired a majority stake in two oil and gas fields located in East Kalimantan and Madura.Medco reported Tuesday that it had signed an agreement to purchase a 75 percent stake in Western...

CIA chief confusion

CIA chief confusion According to Mr. Frank Richardson's second article The U.S.: A party to mass murder? in The Jakarta Post of Jan. 14, 2000, then CIA director William E. Colby was pleased with the abortive coup by the Indonesian Communist Party (PKI) in 1965.

PPP chairman's house robbed

PPP chairman's house robbed BOGOR (JP): A group of robbers ransacked the house of Hamzah Haz, chairman the United Development Party (PPP) in Kebon Pedes of Tanah Sareal district, North Bogor in the wee hours on Wednesday.

Ex-FM heads debt task force

Ex-FM heads debt task force JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said on Tuesday the government had appointed former Finance Minister Bambang Subianto as the new Chairman of the Jakarta Initiative Task Force.

Question mark hangs over FSPC meeting

Question mark hangs over FSPC meeting JAKARTA (JP): The newly established Financial Sector Policy Committee (FSPC), which oversees the Indonesian Bank Restructuring Agency, held its first meeting on Wednesday.

Maluku violence spreads to Bacan

Maluku violence spreads to Bacan TERNATE, North Maluku (JP): At least 250 people from several villages have been evacuated to local military installations as communal clashes hit Bacan island in South Halmahera, a military officer said on Wednesday.

Overcapacity in forestry sector

Overcapacity in forestry sectorBy Agus Purnomo JAKARTA (JP): Representatives of the World Bank and bilateral donor countries met on Wednesday with Coordinating Minister of the Economy, Finance and Industry Kwik Kian Gie and Minister of Forestry and Plantations Nur Mahmudi Ismail to discuss the...

Barong blends Balinese and Chinese cultures

Barong blends Balinese and Chinese culturesI Wayan Juniarta DENPASAR, Bali (JP): The Chinese New Year will fall next week (Feb.5, 2000), and many Balinese people are busy preparing various events to celebrate the event that was once banned in Indonesia.