Indonesian Political, Business & Finance News

Archive: 12 October 2000

51 articles found

Two sarcophagi found in Buleleng

Two sarcophagi found in Buleleng DENPASAR, Bali (Antara): A resident of Buleleng regency, Bali, have come across two sarcophagi and a human skeleton estimated to be 2,000 years old. Head of Bali provincial archeological center, Ayu Kusumawati, said a study is underway on the historical relics found in August. A prehistorical milestone in a burying system using a sarcophagus was identified as far back as some 2,000 years ago or early in the first century A.D., says Kusumawati.

Prosecutors seize three state-leased helicopters

Prosecutors seize three state-leased helicopters JAKARTA (JP): The Attorney General's Office confiscated on Wednesday three helicopters belonging to the Ministry of Agriculture and Forestry as evidence in a Rp 23.3 billion (US$2.65 million) fraud case involving the misuse of reforestation funds and government property. The helicopters were parked at the hangar of aircraft rental company PT Gatari Air Service in the Halim Perdanakusuma Airport complex in East Jakarta.

Where to go in Bali:

Where to go in Bali: Exhibition * Photo Exhibition Borneo: Air Mata Api, Borneo, Tears of Fire by Rama Surya at Komaneka Fine Art Gallery, Monkey forest, Ubud, Gianyar, Bali (Phone: 0361 976090), until Oct. 14. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m. * Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), daily, 8 a.m. to 4 p.m. * Museum of Bali, Jl.

Olympics training director to submit mission report

Olympics training director to submit mission report JAKARTA (JP): The Sydney 2000 Olympic Games are over but the accountability report of the Indonesian contingent has yet to be completed. Indonesia's Olympics executive training director Arie Sudewo said Wednesday that he would submit the report to the Olympics project manager and chairman of the National Sports Council (KONI) Wismoyo Arismunandar next week.

Book on traditional cures to be published

Book on traditional cures to be published DENPASAR (Antara): A new book focusing on Balinese traditional medical treatments will be jointly published by an American, Kilburn Roby, and the Paramasastra Foundation. The book, which will be published in English, will be sold not only in Indonesia but also overseas, according to IDG Windhu Sancayaan, an activist with the foundation which is a non- governmental organization that campaigns to empower Balinese language and culture.

Fair selection of KPU candidates called for

Fair selection of KPU candidates called for JAKARTA (JP): An alliance of 12 nongovernmental organizations (NGOs) called on the House of Representatives on Wednesday to maintain transparency and fairness in selecting candidates for the next General Elections Committee (KPU). "The House should seek input from numerous independent societal groups before selecting the 22 candidates," Smita Notosusanto, a spokesman for the NGOs, said, referring to the 22 candidates proposed by the government.

Rizal hopeful about support from creditors

Rizal hopeful about support from creditors By Kornelius Purba TOKYO (JP): Coordinating Minister for the Economy Rizal Ramli expressed confidence on Wednesday that problems caused by militiamen in West Timor would have no effect on next week's meeting of the Consultative Group on Indonesia (CGI) creditor consortium in Tokyo.

GAM told to release 3 abducted officers

GAM told to release 3 abducted officers BANDA ACEH, Aceh (JP): The police here warned the Free Aceh Movement (GAM) separatist rebels on Wednesday to release three of their members and a military officer within a week. "If they (GAM) fail to fulfill our ultimatum, we will not hesitate to take any measures against their members, wherever they are," Police Special Operation Cinta Meunasah chief Sr. Supt. Kusbini Imbar said. Kusbini would not go into details on the measures.

Emergency Law should be revised, Yusril says

Emergency Law should be revised, Yusril says JAKARTA (JP): Minister of Justice and Human Rights Yusril Ihza Mahendra said the government has intentionally postponed its approval for the Emergency Law as it needs significant revision. "Some of the articles in the law should be revised before we (the government) approve it," Yusril told reporters on Wednesday after a hearing with the House of Representatives' Commission II for legal and domestic affairs.

Marzuki allows UN prosecutors to quiz Eurico

Marzuki allows UN prosecutors to quiz Eurico JAKARTA (JP): Attorney General Marzuki Darusman said on Wednesday that the government would allow United Nations administration prosecutors in Dili, East Timor, to interrogate militia leader Eurico Guterres during his detention here. The decision was apparently taken after the United Nations administrators in East Timor filed a formal request on Tuesday for Eurico to be handed over for trial in Dili.

BI considers new measures to support bond swap policy

BI considers new measures to support bond swap policy JAKARTA (JP): Bank Indonesia (the central bank) is seeking ways to support the government's plan to swap bank recapitalization bonds for restructured loans under the management of the Indonesian Bank Restructuring Agency (IBRA), a senior central bank official said here on Wednesday.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 11, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 2,280 360 1,651,500 Adindo Foresta Indonesia 130 -5 12,500 Alakasa Industrindo 430 0 0 Alfa Retailindo 795 -5 78,500 Alter Abadi 205 -5 42,000 Alumindo Light Metal 995 0 0 Aneka Kimia Raya 290 0 0 Aneka Tambang (Persero) 995 15 862,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Good art should not be expensive

Good art should not be expensive By Mehru Jaffer JAKARTA (JP): It is a pleasure to look at so much art around Jakarta. However when it comes to buying a piece, a cloud of confusion invariably confronts most people. One thousand and one troubling questions surface as one canvass looks more beautiful than the other, making the decision to choose one ever so difficult. Very often people go in search of a painting because they had heard of the artist at a social event held the previous evening.

Irian group warned over independence

Irian group warned over independence JAKARTA (JP): Coordinating Minister for Political, Social Affairs and Security Susilo Bambang Yudhoyono warned pro- independence groups in Irian Jaya on Wednesday that Jakarta would not tolerate any separatist activities in the country.

BNI ratings on Creditwatch

BNI ratings on Creditwatch JAKARTA (AFX-ASIA): Standard & Poor's said it has placed its CCC+ long term local currency, CCC- long term foreign currency and C short term local and foreign currency counterparty credit ratings on PT Bank Negara Indonesia on CreditWatch with positive implications. The ratings action is in response to the financial support provided to BNI by the Indonesian government and the recent upgrade of the sovereign credit ratings on Indonesia, S&P said.

Garbage dispute leads to brawl

Garbage dispute leads to brawl SURABAYA: Two people were injured in a street brawl between two groups, including public order officials, over garbage in the Keputih area on Wednesday. The brawl broke out after sanitation workers dumped four truckloads of garbage at the Keputih garbage dump, which had been "arbitrarily" closed by local residents for ten days due to the foul odors emanating from the site.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 11, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Astra spins off spare-parts division

Astra spins off spare-parts division JAKARTA (JP): Publicly listed car manufacturer PT Astra International has transferred its Aspira automotive spare-parts division to its subsidiary in a bid to boost efficiency. Astra International's publicly listed subsidiary PT Astra Otoparts said on Wednesday that taking over the Aspira division was part of enhancing Astra International's overall performance.

Pertina gears up for 2001 SEA Games

Pertina gears up for 2001 SEA Games JAKARTA (JP): In its preparation for the 2001 Southeast Asian (SEA) Games in Kuala Lumpur, the Indonesian Amateur Boxing Association (Pertina) is grooming 10 boxers to compete in three separate championships during the year-end. "It's a part of our preparation for the SEA Games in the short term.

Spotlight

Spotlight Photo: Golf RECORD-BREAKING TOTAL: General Manager of Planet Hollywood Andy Ryan (left) and Senior Technical Adviser for DHL Mike Fitzpatrick (right) hand over a check to Ira Soelistyo (center), the Director of the Indonesian Childhood Cancer Foundation (YOAI). A total of Rp 305 million was raised for the foundation on Friday, Sept. 15 at Rancamaya Golf and Country Club, setting a new record for Planet Hollywood & DHL's Charity Golf Tournament.

Entertainment operators seek help

Entertainment operators seek help JAKARTA (JP): Following a number of civilian attacks on entertainment establishments, operators sought help from the City Council on Wednesday. Secretary General of the Indonesian Association of Entertainment Business Operators (Aspehindo), Andrian Maelite said that the attacks had disturbed their operations and caused restlessness among the businessmen. "Our businesses are legal," Andrian said, adding that owners had permits and paid taxes.

Semarang hosts sprint rally c'ship

Semarang hosts sprint rally c'ship SEMARANG (JP): Semarang will host a national sprint rally championship on Oct. 29 in the Mijen Circuit, an official revealed on Wednesday. "National sprinters who will take part are the first to fifth seeds. They are Rifat Sungkar, Candra Alim,, Aga Kartiwa, Risal Sungkar, and Arief Indiarto," organizing committee chairman Jim Sudaryanto told reporters.

Wimar pledges not to be 'all out' defender of Gus Dur

Wimar pledges not to be 'all out' defender of Gus Dur JAKARTA (JP): Newly-appointed presidential spokesman Wimar Witoelar vowed on Wednesday that he would not be an "all out" defender of President Abdurrahman Wahid. Speaking at his first meeting with journalists at the Presidential Palace, Wimar said that he would only try "to bridge the gap" between the President and the media.

Guterres and Gusmao

Guterres and Gusmao The whole story of East Timor tells of our impotence in the face of international pressure. Xanana (Gusmao), after he was sentenced by an Indonesian court had to be treated like a president because of international pressure. Guterres, who loudly proclaimed his support for Indonesia, was imprisoned by Indonesian security officers also because of international pressure.

One more vote for silat in Asiad

One more vote for silat in Asiad SEMARANG (JP): Indonesia's traditional martial art and sport needed only one more vote to be staged in the Asian Games after its exhibition session in the Pusan 2002 Asian Games, an official revealed on Wednesday. "We need 10 votes to secure pencak silat's appearance in the Asiad and we have secured nine votes. Most members of ASEAN have given their votes," chairman of the Indonesian Pencak Silat Association (IPSI) Eddy Nalapraya told reporters here.

Drivers increase transport fares

Drivers increase transport fares MAKASSAR, South Sulawesi: Public transportation drivers here have unilaterally increased fares following the 12 percent hike in fuel prices announced by the government. One driver, Daeng Rani, said on Wednesday that the increase, amounting between Rp 200 and Rp 500 depending on the distance, was normal because the old fares were too cheap compared to the increase in maintenance costs.

Interference of foreign bodies

Interference of foreign bodies To any discerning analyst it would appear that the International Monetary Fund (IMF) and the World Bank combined have usurped the authority and power to say anything and do anything in Indonesia.

Students protest over lack of buses

Students protest over lack of buses PADANG, West Sumatra: Hundreds of state Andalas University here protested on Wednesday the local government's failure to provide them with enough public buses. A student leader, Zeno, said the scarcity of transportation vehicles from downtown to the campus in the outskirts has caused them to come late for classes and return home late everyday. The campus is located 17 kilometers from downtown.

Delaying asset sales

Delaying asset sales Politicians and analysts with nationalistic sentiments may suspect the IMF's strong criticisms of the House of Representatives' move last week to delay the sales of government shares in Bank Central Asia and Bank Niaga as more international pressure to force Indonesia to dispose of its assets at fire-sale prices to foreign investors. After all, such a hidden agenda has often been suggested by strong critics of the International Monetary Fund.

Indonesia forex reserves at safe level, BI says

Indonesia forex reserves at safe level, BI says JAKARTA (JP): Bank Indonesia said on Wednesday that the country's foreign exchange reserves would remain at a safe level until the end of this year even after meeting dollar demands for the repayment of corporate overseas debt. Bank Indonesia senior deputy governor Anwar Nasution said that forex gross reserves were estimated to increase to US$29.5 billion by the end of this year from $28.1 billion at the beginning of this month.

Legislators say Gus Dur should honor summons

Legislators say Gus Dur should honor summons JAKARTA (JP): The showdown between President Abdurrahman Wahid and the House of Representatives (DPR) looks set to extend as leading legislators insisted on Wednesday that the President should obey a summons by a House special committee in connection with two financial scandals. House Speaker Akbar Tandjung said that for the sake of the supremacy of law, all citizens, including a president, should heed a House summons.

Students oppose councillors' planned overseas trip

Students oppose councillors' planned overseas trip BANDUNG (JP): West Java students oppose the provincial legislative council's plan for an overseas trip to Malaysia, saying that the project was irrelevant to the current people's economy. "Comparative studies could be made at home by visiting other provinces.

Civil emergency in Maluku fails to restore order

Civil emergency in Maluku fails to restore order AMBON, Maluku (JP): The civil emergency status currently imposed in riot-torn Maluku has failed to bring order back to the territory, speaker of the provincial legislative council Etty Sahuburua said on Wednesday. He said instead of restoring peace, tension remains and violence has worsened since the emergency status took effect late in June.

Teacher removed for molestation

Teacher removed for molestation PURWOKERTO, Central Java: A math teacher has been removed from the Sumbang Junior High School II here following allegations by 13 students that he sexually harassed them. The school's principal, Sutarpin, said on Wednesday that in their petition demanding Budiyanto's dismissal, the students admitted to having been molested during class. A group of male classmates also signed the petition. "He (Budiyanto) asked some of the girls to take seats in the rear row.

Tourist paradise fights to save endangered green turtles

Tourist paradise fights to save endangered green turtles By I Wayan Juniarta DENPASAR, Bali (JP): The Bali administration has begun to take a stronger approach to the turtle trade business, which for many years has stained the paradise's image abroad. Thousands of turtles are traded and consumed every year. Some internationally recognized environmental non-governmental organizations (NGOs) have labeled Bali as the turtle slaughter island. The Bali governor, in Gubernatorial Decree No.

Indonesia in the eyes of Polish painter Elzbieta

Indonesia in the eyes of Polish painter Elzbieta By Aendra H. Medita JAKARTA (JP): A Polish painter has captured on her canvas subjects on Indonesia expressively but ignored the essence of forms. Bali is always a subject which deeply impresses a painter. Most painters visiting Bali have put on canvas their impression of this island's charm. Quite a few great painters have successfully turned this impression, obtained through intense contact with the Balinese atmosphere, into great works.

Rupiah weaker, peso at new all-time low

Rupiah weaker, peso at new all-time low SINGAPORE (Dow Jones): The Indonesian rupiah was lower against the dollar on rising corporate demand for the U.S. currency to repay foreign debts, while the Philippine peso extended its precipitous decline to yet another record low late Wednesday, dealers said. Except for the New Taiwan dollar, which was flat, and the Singapore dollar, which was slightly stronger, the other Asian currencies were slightly lower.

Bakrie seeks court bankruptcy protection

Bakrie seeks court bankruptcy protection JAKARTA (JP): Publicly listed business group PT Bakrie & Brothers said on Wednesday that it had appealed for court protection from the creditors of its US$1.08 billion debt. The company's spokesman Lalu Mara Satria Wangsa said that the company had no choice but to ask for court protection because some of the creditors still refused the company's debt restructuring proposal.

Students protest at Marzuki's office

Students protest at Marzuki's office JAKARTA (JP): Dozens of students staged a protest at the Attorney General's Office on Wednesday condemning a court decision last month that dismissed the US$590 graft charges against former president Soeharto.

PC sales expected to exceed pre-crisis level this year

PC sales expected to exceed pre-crisis level this year JAKARTA (JP): Personal computer (PC) sales in Indonesia are expected to exceed its pre-crisis level this year as demand from both corporate and individual buyers has indicated a steady increase during the past several months, according to the association of the Indonesian Computer Traders.

S'pore expects natural gas from Indonesia in December

S'pore expects natural gas from Indonesia in December SINGAPORE (DPA): The first supplies of Indonesian natural gas to Singapore are expected in December or six months ahead of schedule with the completion of a 640 kilometer undersea pipeline, it was reported on Wednesday. The pipeline connecting the city-state with the West Natuna fields "is ready and the first delivery is in December," The Business Times quoted a source as saying.

BMW Thai unit expansion hinges on AFTA plan

BMW Thai unit expansion hinges on AFTA plan BANGKOK (Dow Jones): The Thai unit of Germany's auto maker Bayerische Motoren Werke AG, believes Thailand has great potential to become its regional hub for production and export but says that expansion depends on the development of free trade in the region. "Thailand is the only country in Asia where we have invested in a plant.

Asia is more vulnerable to oil prices than others

Asia is more vulnerable to oil prices than others SINGAPORE (Dow Jones): Despite efforts by Asian nations to insulate their economies from the pain of rising oil prices, their growth is likely to be crimped, which will further depress their already battered currencies.

Govt agrees to pay OPIC US$290 million claim

Govt agrees to pay OPIC US$290 million claim JAKARTA (JP): State electricity company PT PLN said on Wednesday that the government had agreed to pay the United States owned Overseas Private Investment Corp. (OPIC) an outstanding insurance claim worth US$290 million. PLN president Kuntoro Mangkusubroto said despite the agreement, the government had yet to negotiate the terms of the payment.

Israel will not join the IPU meeting: Akbar

Israel will not join the IPU meeting: Akbar JAKARTA (JP): House Speaker Akbar Tandjung said on Wednesday that the Israeli Knesset had canceled its plan to send a delegation to attend the Inter-Parliamentary Union conference due to begin here on Sunday. The official reason given, through a facsimilied letter, was due to increased tension in the Israeli-Palestinian conflict in recent days.

Suggestion for 'RRI'

Suggestion for 'RRI' From Media Indonesia I regularly listen to the leather puppet show that the Radio of the Republic of Indonesia (RRI) Program One broadcasts every Saturday night on the MW band. Unfortunately, the broadcast on the SW2 band is stopped after 11 p.m. In Padang, RRI reception is much better on the SW2 band than on the MW band. Another disturbing thing for regular listeners of the RRI leather puppet show is that in the wee hours of the morning -- between 00:00 a.m. and 2:30 a.m.

PBSI has set low targets in World Junior C'ships

PBSI has set low targets in World Junior C'ships JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has not set a high target in the World Junior Badminton Championships for Bimantara Cup in Guangzhou, China, next month. PBSI deputy in charge of athletes development, Hadi Nazri, said Wednesday that the most realistic target would be only to reach the quarterfinals of the championships.

Many illegal passengers

Many illegal passengers From Pos Kota We are commuters using the service of the Jakarta - Depok electric railway train. Since the Depok Express ticket was raised from Rp 2,500 to Rp 4000, many of its passengers have switched to this Jakarta - Depok train as the ticket is only Rp 1,000. However, there are many illegal passengers on this Jakarta- Depok train. Strangely, the conductor has also disappeared so that these illegal passengers travel freely.

Protests greet Gus Dur in Bogor

Protests greet Gus Dur in Bogor BOGOR (JP): Hundreds of students greeted visiting President 'Gus Dur' Abdurrahman Wahid with protests on Wednesday demanding that the President pay better attention to agriculture and make it a leading sector in the country's economy. The protesting students were only some 30 meters away from the stage where the President gave his address at the opening of the veterinary center at the Institute of Agriculture of Bogor (IPB). No violence was reported.

Demand for Balinese beef boosts cattle breeders

Demand for Balinese beef boosts cattle breeders By I Ketut Sutika DENPASAR, Bali (Antara): The strained relations between Australia and Indonesia have become a blessing in disguise for local cattle breeders. The demand for beef from Bali is on the rise because the import of Australian beef has become unreliable due to the worsening relations between the two countries.

PPD's history goes back to Batavia as a tram firm

PPD's history goes back to Batavia as a tram firm JAKARTA (JP): Like it or not, PPD city buses have become a part of daily life for many Jakartans. Thus, any kind of strike by PPD drivers or crew always bring thousands, if not millions, of commuters in the capital to the alert, as well as the local authorities.