Indonesian Political, Business & Finance News

Archive: 11 October 2000

57 articles found

Ambivalence over E. Timor

Ambivalence over E. Timor Reactions by top politicians to last week's arrest of East Timor militia leader Eurico Guterres underscored Indonesia's policy ambivalence toward East Timor. While officially Indonesia recognizes, or rather grudgingly accepts East Timor's vote for independence last year,...

History: Where are the good guys?

History: Where are the good guys?By Terry Russell JAKARTA (JP): If we know why two groups fight each other, we can decide whether or not they deserve our support. But do our history books and newspapers give us the real reasons for fighting in Indonesia and elsewhere in the world?Western history...

Makassar a target for rioters: Police

Makassar a target for rioters: Police MAKASSAR, South Sulawesi (JP): South Sulawesi Police chief Brig. Gen. Sofjan Jacob warned here that the provincial capital of Makassar has become a target for rioters, after Jakarta and other areas in the western part of the country.

Firms asked to report debts

Firms asked to report debts JAKARTA (JP): Bank Indonesia has issued a ruling requiring all local companies and institutions to report their foreign debts to the central bank.According to the new ruling, companies and institutions which fail to report their foreign debts on time will be fined Rp...

On Kostrad aid to Bengkulu

On Kostrad aid to Bengkulu I was disturbed to read (The Jakarta Post, Oct. 8, 2000) that Lt. Gen. Agus Wirahadikusumah may be subject to official criticism for his decision to send troops of the Army Strategic Reserves Command (Kostrad) to Bengkulu to assist with earthquake relief.

22 youngsters for WC'ships

22 youngsters for WC'ships SEMARANG (JP): Twenty two junior shuttlers -- 11 boys and 11 girls -- will compete in the World Junior Badminton Championships in Guangzhou, China, from Nov. 1 to Nov. 9.The Badminton Association of Indonesia (PBSI) Central Java chapter secretary, Toegimin, said on...

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Oct. 10, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,315.00 9,315.00 8,771.00 8,859.00Australian dollar 1 4,410.28 4,945.33 4,652.14 4,703.24Austrian schilling 1 524.33 587.73 553.08 558.

Breaking habits for a healthy heart

Breaking habits for a healthy heartBy Clare E. Urwin This is the last of three articles on having a healthy heart. The writer is a nutritionist and health advisor based in Surabaya. All the writer's articles are interactive and readers are encouraged to ask questions or make comments through the...

Hashim's lawyers file counterclaim against IBRA

Hashim's lawyers file counterclaim against IBRA JAKARTA (JP): Lawyers of businessman Hashim S. Djojohadikusumo slapped a counterclaim on the Indonesian Bank Restructuring Agency (IBRA) on Monday over the agency's Rp 596 billion (US$68 million) lawsuit against defunct Bank Istismarat Indonesia.

JIHD to default on bonds

JIHD to default on bonds JAKARTA (JP): Property and hotel firm PT Jakarta International Hotels and Development (JIHD) said on Tuesday it was in default on coupon payments for its Rp 519 billion (US$58 million) 10-year bonds.

BI examines condition of 75 banks

BI examines condition of 75 banks JAKARTA (JP): Bank Indonesia is currently examining the financial condition of some 75 commercial banks to decide on their fate, according to a senior official at the central bank.

Pertamina's profits hit Rp 5 trillion in 1999/2000

Pertamina's profits hit Rp 5 trillion in 1999/2000 JAKARTA (JP): Strong world crude oil prices boosted consolidated net profits of state oil and gas company Pertamina to Rp 4.98 trillion (US$556 million) in its 1999/2000 fiscal year ending March 31, from Rp 1.

Trans-Bakrie gets ISO

Trans-Bakrie gets ISO JAKARTA (JP): PT Trans-Bakrie, a part of the publicly listed PT Bakrie & Brothers, has received ISO 9002 certification from Bureau Veritas International (BVQI).Trans-Bakrie said on Tuesday that the company, which is involved in engineering activities, was the last unit of the...

Expert questions motivation to seek more loans from CGI

Expert questions motivation to seek more loans from CGI Indonesia will meet the Consultative Group on Indonesia (CGI) in Tokyo on Oct. 17-18, to negotiate a loan of about Rp 20 trillion. Some see the loan as unnecessary, believing Indonesia can still meet the demands of the state budget without it.

Bank Mandiri to focus more on SMEs

Bank Mandiri to focus more on SMEs JAKARTA (JP): The giant state-owned Bank Mandiri will channel around Rp 4 trillion (US$470.59 million) in new loans to small and medium-sized enterprises (SMEs) next year, the bank's president E.C.W. Neloe said here on Tuesday.

Eurico sues police over arrest

Eurico sues police over arrest JAKARTA (JP): East Timorese militia leader Eurico Guterres filed a lawsuit against the National Police on Tuesday over what he said was his wrongful arrest.Suhardi Somomoeljono, one of the lawyers representing Eurico, said the police violated the law by arresting his...

Wamena refugees afraid to return home: Official

Wamena refugees afraid to return home: Official JAKARTA (JP): Thousands of Wamena refugees, who are currently sheltering at the military and police housing complexes and posts in the ravaged town, have refused to return home for fear of renewed violence, an official said on Tuesday.

City Council endorses amended 2000 budget

City Council endorses amended 2000 budget JAKARTA (JP): All 11 factions on the City Council endorsed on Tuesday the amended 2000 city budget which is set to yield a Rp 669.7 billion (US$77 million) surplus.

Rendra to appear in Bandarlampung

Rendra to appear in Bandarlampung BANDARLAMPUNG, Lampung: Noted poet and stage actor WS Rendra is scheduled to read his poems and speak at a literature appreciation forum for Bahasa Indonesia and Indonesian literature teachers in the province of Lampung on Thursday and Friday.

House looks set to support rise in defense budget

House looks set to support rise in defense budget JAKARTA (JP): The House of Representatives' Commission I, which oversees foreign affairs, defense and security, looks set to support an increase in the national defense budget to around 2 percent of the Gross Domestic Product (GDP).

Rizal asks for Japan's support at upcoming donors' meeting

Rizal asks for Japan's support at upcoming donors' meeting TOKYO (Agencies): Indonesia's chief economics minister Rizal Ramli asked Japanese Finance Minister Kiichi Miyazawa on Tuesday for support at next week's crucial meeting of foreign donors in Tokyo.

Deadline set for inventory of regencies and mayoralties

Deadline set for inventory of regencies and mayoralties JAKARTA (JP): Regencies and mayoralties will have to complete the inventory of their authority and development programs by Nov. 1 this year before the regional autonomy law takes effect in three months, an official said on Tuesday.

IPU faces boycott by Islamic factions

IPU faces boycott by Islamic factions JAKARTA (JP): The coming conference of the Inter-Parliamentary Union (IPU), to be hosted by the House of Representatives, may be boycotted by some Indonesian legislators.

Classical music shows at Erasmus Huis

Classical music shows at Erasmus Huis JAKARTA (JP): Classical music lovers will have the chance to enjoy two performances at the Erasmus Huis Dutch cultural center on Jl. Rasuna Said, South Jakarta, this Wednesday and Thursday.

Most Asian currencies weaken, peso tumbles to fresh record low

Most Asian currencies weaken, peso tumbles to fresh record low SINGAPORE (Dow Jones): Most Asian currencies weakened late on Tuesday, with the Philippine peso feeling the brunt of the pain as it tumbled to a fresh record low.

National soccer team gets new training ground

National soccer team gets new training ground JAKARTA (JP): The Indonesian soccer team will have its own training field, the Senayan 'C' field in the Senayan complex, which will allow the Soccer Association of Indonesia (PSSI) to save the money it would normally spend hiring the field.

Councils meet for new Banten province

Councils meet for new Banten province TANGERANG (JP): Representatives from six regency and mayoralty councils in Banten met on Monday to formulate the regional decree and draft of the local budget for Banten, which was declared a new province, apart from West Java, last Wednesday.

Alfa opens Surakarta outlet

Alfa opens Surakarta outlet JAKARTA (JP): PT Alfa Retailindo, a publicly listed retail and wholesale chain, opened on Monday its newest outlet in Surakarta (Solo), Central Java.Alfa said that the new outlet, located in the Solo Baru housing complex, is its second outlet in Surakarta or the 23rd in...

Man caught with 'shabu-shabu'

Man caught with 'shabu-shabu' BOGOR (JP): Police in Bogor have arrested a man in possession of 141 grams of shabu-shabu (crystal methamphetamine) at his residence in the Indraprasta housing complex in Bantarjati.Bogor Police chief Sr. Supt.

Forex reserves reach $28.13b

Forex reserves reach $28.13b JAKARTA (JP): Indonesia's foreign exchange reserves rose again on the week ending on Oct. 6 to US$28.13 billion from $28.09 billion in the previous week, according to Bank Indonesia.The central bank attributed the rise in the forex reserves to revenues from oil exports.

Satelindo service declining

Satelindo service declining A few years ago Satelindo was in the forefront as a provider of GSM services in Indonesia. However, recently, its services have declined in quality. The blank spots seem to be wider than the area within its scope.

IBRA deputy to head Danamon

IBRA deputy to head Danamon JAKARTA (JP): Deputy chairman of the Indonesian Bank Restructuring Agency (IBRA) Arwin Rasyid has been appointed as president of publicly listed PT Bank Danamon Indonesia.IBRA said Tuesday that Arwin's appointment was made during Danamon's extraordinary shareholders'...

The Wine and Cigar Shop opens at The Regent Jakarta

The Wine and Cigar Shop opens at The Regent JakartaBy Grace Segran JAKARTA (JP): Lovers of a good vintage and a fine cigar have a new place to savor the moment with the recent opening of The Wine and Cigar Shop at The Regent Jakarta.

HSBC signs loan agreement

HSBC signs loan agreement JAKARTA (JP): HSBC Indonesia and Anglo-Eastern Plantations Plc signed an agreement on Tuesday to provide term loan facilities worth US$10 million to support the plantation company's investment in Indonesia.

BKPM now under Ministry of Industry and Trade

BKPM now under Ministry of Industry and Trade JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan said on Tuesday that his office would be in charge of the Investment Coordinating Board (BKPM) following the abolishment of the office of the state minister of investment and state...

Rebels surrender as RP military presses assault

Rebels surrender as RP military presses assault ZAMBOANGA, Philippines (Agencies): Fifteen more Muslim rebels surrendered Tuesday on a southern island where the military is continuing a 25-day assault to rescue five hostages, including three Malaysians and an American, a military official said.

Container truck drivers stage protest

Container truck drivers stage protest JAKARTA (JP): Drivers of some 40 container trucks and trailers staged a protest over the poor treatment they received from their company by driving their giant vehicles to the House of Representatives complex in Central Jakarta on Tuesday morning.

BAT halts controversial promotion

BAT halts controversial promotion JAKARTA (JP): The British American Tobacco (BAT) has stopped its Pall Mall parties, part of its nation-wide sales campaign, following protests from non-governmental organizations.

KONI Foundation to submit business plan

KONI Foundation to submit business plan JAKARTA (JP): The National Sports Council (KONI) Foundation will submit its business plan to the council's executives in ten days following appointment of new officials.

Where to go in Surabaya

Where to go in SurabayaFilmFrench Film: Cyrano de Bergerac, Asterix and Obelix, La fille d'Artagnan, at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), 7 p.m., until Oct. 13.TalkDiscussion on Library World, at the French Cultural Center, 10 a.m. to 1 p.m., Oct. 12.

Fresh unrest erupts in Ambon

Fresh unrest erupts in Ambon AMBON, Maluku (JP): Fresh unrest erupted in Suli village, Salahutu district, Ambon, Central Maluku, when hundreds of armed men from neighboring Tulehu and Tial villages attacked the area on Tuesday morning.

Soeharto medical team sick

Soeharto medical team sickFrom MeteorIt is interesting to hear President Abdurrahman Wahid raise doubts about the work of the medical team assigned to examine former president Soeharto. I am sure that as the highest government official, Gus Dur, as the President is called, has not spoken nonsense.

Police raid gambling den

Police raid gambling den PADANG, West Sumatera: The Pasaman Police arrested on Monday six suspected members of a gambling syndicate whose turnover reaches billions of rupiah.Arrested were Rudianto Putra, 24, Ronal Saragih, 23, Ucok Putra Saragih, 24, Bangun Siregar, 43, Kulih 28, and Zulhadi Wijaya...

Lose your weight by changing eating habits

Lose your weight by changing eating habitsQuestion: Dear Madam,I am a regular reader of The Jakarta Post and your new column on weight reduction is good. Please enlighten me about the following points.1. Is spot reduction possible? i.e. as exercising only the specific muscles of tummy or legs?2.

President has yet to receive Tommy's request for pardon

President has yet to receive Tommy's request for pardon JAKARTA (JP): Minister of Justice and Human Rights Yusril Ihza Mahendra said on Tuesday that President Abdurrahman Wahid had yet to receive the appeal for pardon of Hutomo "Tommy" Mandala Putra, the youngest son of former president Soeharto.

Spirit of deliberation lost?

Spirit of deliberation lost?From Rakyat MerdekaThe debate surrounding former president Soeharto has heated up in the capital, particularly since the South Jakarta District Court officially dismissed all charges against Soeharto.

Gus Dur says 'no' to House summons

Gus Dur says 'no' to House summons JAKARTA (JP): President Abdurrahman Wahid cold-shouldered a summons on Tuesday to appear before the House of Representatives (DPR) special committee for questioning over two alleged financial scandals.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 10, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,920 45 1,153,500 Adindo Foresta Indonesia 135 -5 693,000 Alakasa Industrindo 430 0 0 Alfa...

Quake jolts Sukabumi

Quake jolts Sukabumi SUKABUMI, West Java: An earthquake measuring 5.2 on the Richter scale rocked the West Java town of Sukabumi at 8:59 a.m. local time on Tuesday. No casualties were reported.The Jakarta-based Meteorological and Geophysics Agency said the epicenter of the quake was 21 kilometers...

Yusuf Kalla testifies

Yusuf Kalla testifies JAKARTA (JP): Former chief of State Logistics Agency (Bulog) Yusuf Kalla said on Tuesday that he once rejected a request to disburse Rp 10 billion by his deputy, Sapuan, for President Abdurrahman Wahid in the absence of any written request.

Protests against fuel price hike poorly attended

Protests against fuel price hike poorly attended JAKARTA (JP): Far from what protest organizers had boasted earlier, the capital witnessed only some 1,000 anti-fuel hike protesters hitting the city's streets on Tuesday.

Armed gang robs doctor in Bogor

Armed gang robs doctor in Bogor BOGOR (JP): A group of eight armed robbers ransacked a house belonging to a doctor on Jl. Raya Parung No. 45 in Jambon village of Parung district here and made their escape in the victim's Kijang van and Rp 15 million in the early hours of Monday.

JSX bombing suspects file lawsuit against police

JSX bombing suspects file lawsuit against police JAKARTA (JP): Twenty-two suspects in the bombing of the Jakarta Stock Exchange (JSX) building filed a lawsuit against the Jakarta Police on Tuesday for unlawful arrest and detention.

IBF to introduce special series for elite shuttlers

IBF to introduce special series for elite shuttlers JAKARTA (JP): The International Badminton Federation (IBF) is planning to stage a super badminton series for elite shuttlers from five leading countries.

Beware of smart Tommy

Beware of smart TommyFrom Rakyat MerdekaThe central executive board of the Indonesian Prosperous Labor Association (DPP SBSI) would like to call on President Abdurrahman Wahid, or Gus Dur as he is popularly called, not to extend clemency to people involved in graft, such as Tommy Soeharto and...

Chaerul installed as Aceh Police chief

Chaerul installed as Aceh Police chief BANDA ACEH, Aceh (JP): Brig. Gen. Chaerul R. Rasyidi was sworn in as Aceh's new police chief on Tuesday and pledged to promote peace among the province's 4.2 million population.

KL palm oil lower on supply worries

KL palm oil lower on supply worries KUALA LUMPUR (Reuters): Malaysian palm oil futures surrendered earlier gains to close lower on Tuesday as worries over growing output and falling physical prices prompted renewed selling interest.