Indonesian Political, Business & Finance News

Archive: 12 October 2000

51 articles found

Good art should not be expensive

Good art should not be expensiveBy 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 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.

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.

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.

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.

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...

Spotlight

SpotlightPhoto: GolfRECORD-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).

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.

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.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Oct. 11, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,350.00 9,350.00 8,806.00 8,894.00Australian dollar 1 4,458.90 4,997.58 4,702.40 4,753.84Austrian schilling 1 529.99 593.81 558.94 564.

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...

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.

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.

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...

Stock quotations on JSX

Stock quotations on JSXStock 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...

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...

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.

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.

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.

Rizal hopeful about support from creditors

Rizal hopeful about support from creditorsBy 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)...

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).

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.

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...

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.

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.

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...

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.

Demand for Balinese beef boosts cattle breeders

Demand for Balinese beef boosts cattle breedersBy I Ketut Sutika DENPASAR, Bali (Antara): The strained relations between Australia and Indonesia have become a blessing in disguise for local cattle breeders.

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.

Many illegal passengers

Many illegal passengersFrom Pos KotaWe 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.

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.

Suggestion for 'RRI'

Suggestion for 'RRI'From Media IndonesiaI 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.

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.

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.

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.

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...

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.

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...

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.

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...

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...

Indonesia in the eyes of Polish painter Elzbieta

Indonesia in the eyes of Polish painter ElzbietaBy 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.

Tourist paradise fights to save endangered green turtles

Tourist paradise fights to save endangered green turtlesBy 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.

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.

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.

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.

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...

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.

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...

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...

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.