Indonesian Political, Business & Finance News

Archive: 19 October 2000

63 articles found

PT PLN seeking govt approval for rate increase

PT PLN seeking govt approval for rate increase JAKARTA (JP): State electricity company PT PLN is seeking government approval for an increase in power rates of between 2 percent and 3 percent, starting in January next year.

F1 race returns to KL with new champion

F1 race returns to KL with new champion KUALA LUMPUR (AP): For a race only one year old, the Malaysian Grand Prix already has a lot of history.Last year, Michael Schumacher made a spectacular return to the Formula One season after a three-month break to recover from a broken leg.

Police shoot alleged thief

Police shoot alleged thief DENPASAR, Bali: Bali Police arrested two alleged motorcycle thieves in the early hours of Wednesday, shooting one in the leg when he attempted to flee.The two suspects, identified as Mustofa, 23, and Sugiantoro, 26, were arrested in Kentongan during a police crackdown on...

Political show

Political showFrom Media IndonesiaAfter consultations between the President and the House of Representatives, we were much disappointed because our hope for an agreement between the political elite didn't come to pass. What happened was: They have agreed to disagree.

KL Video pirate threatens officers

KL Video pirate threatens officers KUALA LUMPUR (AP): A Malaysian businessman facing possible legal action for video piracy held five enforcement officers and two reporters hostage in his store and threatened to burn them alive, news reports said on Wednesday.

KL palm oil ends lower after choppy session

KL palm oil ends lower after choppy session KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower after a choppy session on Wednesday as technical buying alternated with liquidation, traders said.

Conversion Rates

Conversion Rates Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,425.00 9,425.00 8,880.00 8,970.00Australian dollar 1 4,373.42 4,897.23 4,609.61 4,660.81Austrian schilling 1 522.88 585.28 541.12 557.03Belgian franc 1 178.36 199.65 187.99 190.

ADB worried about fiscal positions in ASEAN

ADB worried about fiscal positions in ASEAN MANILA (AFP): The Asian Development Bank (ADB) warned Wednesday that rising government budget deficits and debts in Indonesia, the Philippines and Thailand could hurt investments and hamper their recovery from crisis.

Japan provides $540m in addition to CGI aid pledge

Japan provides $540m in addition to CGI aid pledge JAKARTA (JP): The Japanese government will provide new yen loans for medium and long-term assistance amounting to around 58.1 billion yen or equivalent to US$540 million on top of its 171.6 billion yen ($1.58 billion) contribution to the $4.

CGI loan provides certainty to state budget

CGI loan provides certainty to state budget JAKARTA (JP): The US$4.8 billion loan pledged on Wednesday by Indonesia's traditional donors would have a positive impact on the economy as it provides certainty to next year's state budget, experts said.

Weapons confiscated in police operation

Weapons confiscated in police operation JAKARTA (JP): In the first two weeks of a special operation, the Jakarta Police have confiscated some 78 firearms and hundreds of sharp weapons and bullets.Jakarta Police spokesman Supt.

Maritime crimes sail unsolved for lack of boats

Maritime crimes sail unsolved for lack of boats JAKARTA (JP): About 75 percent of criminals at sea around the Jakarta area have got away with their crimes due to the insufficient number of sea patrol boats, an officer revealed on Wednesday.Head of the Jakarta Water Police unit Sr. Supt.

Psychologists needed to help young chess players

Psychologists needed to help young chess players JAKARTA (JP): Young Indonesian chess players need to work with psychologists to help them overcome the mental blocks preventing their continued development, an official said on Wednesday.

Qantas unveils e-tickets

Qantas unveils e-tickets JAKARTA (JP): Qantas Airways Indonesia said on Wednesday it has introduced electronic ticketing for its passengers in Jakarta and Bali.The Australian airline said the new service would allow passengers from Indonesia to travel to Australia without paper airline tickets.

Aspac beats Pacific to move closer to semis

Aspac beats Pacific to move closer to semis BANDUNG (JP): Jakarta-based Aspac was too powerful for Pacific Caesar of Surabaya, posting a convincing 104-67 victory in the fourth leg of the 2000 Nuvo Kobatama national basketball league at Padjadjaran Stadium on Wednesday.

Satelindo service

Satelindo service I refer to the letter by Amir Sidharta about Satelindo's service on Oct. 11. He mentioned its service has declined with more blank spots.I have been a subscriber of Satelindo for about four years, and I dare not say whether Telkomsel or Excelkom are better.

Police fight to disperse Lagos rioters

Police fight to disperse Lagos rioters LAGOS, Nigeria (Agencies): Paramilitary police fired in the air on Wednesday to disperse rioters in the main business district of Lagos, Nigeria's biggest city, as ethnic clashes that have claimed over 100 lives continued to spread.

Irian Jaya under control amid flag row, says officer

Irian Jaya under control amid flag row, says officer JAKARTA (JP): Order has been fully restored in Irian Jaya, which is still licking its wounds following a bloody rampage almost two weeks ago, the local military commander said on Wednesday.Maj. Gen.

Young Balinese scientists shine in national contests

Young Balinese scientists shine in national contestsBy Rita A. Widiadana SINGARAJA, North Bali (JP): Fourteen-year-old I Komang Adi Aswantara from the small town of Singaraja startled judges at the National Youth Science Contest in Jakarta with his simple yet brilliant scientific project -- a tool...

Papuan artists to display their works

Papuan artists to display their works JAKARTA (JP): For decades, the artwork of native Papua (Irian Jaya) has always captivated ethnic art enthusiasts around the globe.The indigenous people living deep in the hinterland of the easternmost territory are renowned for their unique wood carving and...

'No new pool stars' for next year's SEA Games

'No new pool stars' for next year's SEA Games JAKARTA (JP): The National Sports Council (KONI) has set its program to focus on the three Olympic compulsory sports of track and field, swimming and gymnastics for next year's Southeast Asian (SEA) Games in Kuala Lumpur.

Govt to be stricter against separatism

Govt to be stricter against separatism JAKARTA (JP): Frustrated with the results of a more tolerant approach to the separatist movements in Aceh and Irian Jaya, the government warned on Wednesday it would adopt sterner measures to restore order in both ends of the archipelago.

Intervention by the state in sexuality unnecessary

Intervention by the state in sexuality unnecessary This is the first of two articles on state and sexuality by sociologist Julia I. Suryakusuma, also executive director of the API Foundation for political research, information and publication in Jakarta. JAKARTA (JP): Sex is a private matter.

Rupiah closes flat, off lows after donors approve loans

Rupiah closes flat, off lows after donors approve loans JAKARTA (Dow Jones): The Indonesian rupiah closed flat Wednesday, but off intraday lows after donor nations agreed to the country's request for US$4.8 billion in loans to fill a hole in next year's budget deficit, dealers said.

Major changes in political laws sought

Major changes in political laws sought JAKARTA (JP): While demanding for "true implementation" of democracy in the country, political observers suggested on Tuesday that major changes be made in three 1999 laws on politics.J.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 18, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,805 -155 126,000 Adindo Foresta Indonesia 125 0 53,000 Alakasa Industrindo 435 5 31,000...

Former BI chief Sjahril to go on trial quickly

Former BI chief Sjahril to go on trial quickly JAKARTA (JP): The Jakarta Provincial Prosecutor's Office will soon submit the dossier on suspended Bank Indonesia (central bank) governor Sjahril Sabirin to the Central Jakarta District Court, a prosecutor said on Wednesday.

PT Telkom unfair

PT Telkom unfair We, residents of Kampung Dua RT.09/02 of Jakasampurna subdistrict, South Bekasi, applied last year for telephone exchange lines to PT Telkom regional office of Kranji, Bekasi. The office rejected our application saying no telephone line network had been installed in our area.

Singaraja values meaning of education

Singaraja values meaning of education SINGARAJA, North Bali (JP): Singaraja, the capital city of Buleleng regency, is far from the bustling tourist and cultural glitter of South Bali.Located 80 kilometers of Denpasar, Singaraja is a perfect place for school students.

Councillors dreams of sedans dashed?

Councillors dreams of sedans dashed? JAKARTA (JP): Councillors waiting for cars paid for by the city budget may end up with zilch as the administration has suddenly expressed a desire to review the plan following a strong reaction from the public.

Parties told not to rely on charismatic leaders

Parties told not to rely on charismatic leaders JAKARTA (JP): While acknowledging further difficult situations in the future, Vice President Megawati Soekarnoputri called on political parties on Wednesday not to rely purely on charismatic leaders."Charisma isn't enough.

Producers bid on INRO rubber stock

Producers bid on INRO rubber stock SINGAPORE (Dow Jones): Rubber producers who sold rubber to the International Natural Rubber Organization (INRO) are now keen bidders as the group seeks to sell off its buffer stock, exporters and traders told Dow Jones Newswires Wednesday.

IBRA to sell another Rp 8t worth of bank loans

IBRA to sell another Rp 8t worth of bank loans JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) said Wednesday that it would sell around Rp 8 trillion (US$900 million) in restructured loans to local and foreign investors via a limited auction.

NEC wins $475m Asia cable contract

NEC wins $475m Asia cable contract TOKYO (Reuters): Japan's NEC Corp said on Wednesday it had won a $475 million order to build an underwater fiber optic cable connecting major cities in Asia.NEC, one of Japan's largest electronics makers and also a maker of cable systems, said it last week signed...

Malaysia's Proton in alliance talks with potential partners

Malaysia's Proton in alliance talks with potential partners KUALA LUMPUR (AFP): Malaysian carmaker Proton said Wednesday it has held discussions with several global automotive manufacturers to explore product development and engineering alliances.In a statement responding to a report that U.S.

Additional debt burden

Additional debt burden The US$4.8 billion of new loans approved by the 35-member Consultative Group on Indonesia (CGI) creditor consortium in Tokyo on Wednesday can be seen from different perspectives. The Indonesian high-powered delegation to the CGI meeting that included seven Cabinet ministers...

Police have yet to start probe on Suwondo: Officer

Police have yet to start probe on Suwondo: Officer JAKARTA (JP): The police gave conflicting statements on the progress of the investigation into the State Logistics Agency (Bulog) scandal, in contrast to the statement made by the lawyer representing Alip Agung Suwondo, a suspect in the...

Automatic phone charge

Automatic phone chargeFrom KompasI think I have been cheated twice by either telecommunications company PT Telkom or a Wartel (telecommunications kiosk).The first incident took place on July 22 at a Wartel close to the main gate of Bandung Railway Station. At about 4 p.m.

Saurip upset over disciplinary charges

Saurip upset over disciplinary charges JAKARTA (JP): Maj. Gen. Saurip Kadi, former territorial assistant to the Army chief, denied on Wednesday he would be handed disciplinary charges that could show him the door.

Lycos-Singtel portal

Lycos-Singtel portal SINGAPORE (AP): Lycos Asia and Singapore Telecommunications on Wednesday announced the formation of the Indonesian-language Web portal Lycos Indonesia.The new portal site is "dedicated to Internet users in Indonesia and individuals with a special interest in the country," Lycos...

Rexy to coach English team starting in 2001

Rexy to coach English team starting in 2001 JAKARTA (JP): Indonesian men's doubles player Rexy Mainaky will officially take over as coach of the English badminton team on Jan. 8, 2001, after resigning from the national team.

Three police officers die in car accident

Three police officers die in car accident BOGOR (JP): Three Sukabumi Police officers, including on-the- alert unit chief Sr. Insp. F. Zaelani, 45, were killed in a car accident on Wednesday when their vehicle collided with a container truck on Jl. Raya H.R. Edi Sukma, Cijeruk, on Wednesday.

Creditors pledge $4.8b to Indonesia

Creditors pledge $4.8b to IndonesiaBy Kornelius Purba TOKYO (JP): The International Consultative Group on Indonesia (CGI) agreed on Wednesday to provide US$4.8 billion in new loans to Indonesia to fill part of its budget deficit in 2001 fiscal year beginning in January.

Taufik, Susanto run out of time

Taufik, Susanto run out of time JAKARTA (JP): Indonesian Chess Association (Percasi) Master (MP) Taufik Halay and MP Susanto Megaranto both lost to their opponents after running out of time.Hikaru Nakamura of the U.S. claimed that time was out for Taufik when the Indonesian played his 39th move.

Govt wants to improve intelligence capacity

Govt wants to improve intelligence capacity JAKARTA (JP): The government is revamping the State Intelligence Coordinating Board (Bakin) in order to gain accurate information and intelligence data, Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono said on...

Flood hits Cilacap villages

Flood hits Cilacap villages CILACAP, Central Java: The beginning of the rainy season here has been marked by flooding in a number of villages, where water from swollen rivers has inundated hundreds of houses.The flooding resulted from heavy rain over the past two days.

PMI blood free of HIV/AIDS

PMI blood free of HIV/AIDS JAKARTA (JP): The Ministry of Health and Social Welfare declared on Wednesday that blood in the nine bags from the Indonesian Red Cross (PMI) Bandung branch in West Java was free of the Human Immunodeficiency Virus (HIV).

Indonesians' interest in reading high

Indonesians' interest in reading high JAKARTA (JP): Observers disagreed on Wednesday with claims that Indonesians had poor reading habits which contributed to the poor sales of books and other printed publications.

U.S. returns to Vietnam with aid

U.S. returns to Vietnam with aid HANOI (AFP): Twenty five years after the end of the Vietnam War, the U.S. air force returned to the former southern capital on Wednesday with a consignment of relief aid for the flood- stricken Mekong Delta.

Jakarta's water company problems continue

Jakarta's water company problems continue JAKARTA (JP): Some 200 employees from the city-owned tap water company PD PAM Jaya staged another protest here on Wednesday over a longstanding dispute.The dispute concerns the status of over 2,400 employees who are now working for two foreign companies,...

U.S. embargo on Indonesia?

U.S. embargo on Indonesia? One of our experts has defined the term "embargo" as temporary confiscation of foreign vessels, for example, at war time, in order to ensure that they do not leave the port. Another meaning of the word is a prohibition banning the movement of goods between countries.

Officer suspended following abduction

Officer suspended following abduction MAKASSAR, South Sulawesi: Provincial police chief Brig. Gen. Sofjan Jacoeb has suspended Sinjai Police deputy chief Sr. Insp. Sappewali several days after Sappewali and his adjutant were assaulted and abducted.

U.S. dollar rates Oct. 18

U.S. dollar rates Oct. 18 Current High Low Euro* 0.8523 0.8571 0.8522 Japanese Yen 108.22 108.35 107.78 British Pound* 1.451 1.4537 1.443 Swiss Franc 1.7707 1.7717 1.763 Austrian Schilling 16.1373 16.1392 16.0601 Belgian Franc 47.308 47.314 47.082 Danish Crown 8.7306 8.7485 8.687 Dutch Guilder 2.

TNI must be loyal to Pancasila

TNI must be loyal to PancasilaFrom Suara KaryaSeveral local newspapers recently reported there was a "virus" in the Indonesian Military (TNI). This may be right, and I call the virus "radicalism". What if President Abdurrahman Wahid, or Gus Dur, says TNI should not co-opt power, and it later turns...

TV today

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

Indo.com sells arts

Indo.com sells arts JAKARTA (JP): Indonesian travel portal Indo.com announced on Wednesday the launch of its online service to facilitate the sale and purchase of arts and crafts over the Internet.The Internet portal operator said that through the online marketplace, producers of arts and crafts in...

Bank Universal's profit

Bank Universal's profit JAKARTA (JP): Publicly listed Bank Universal said on Wednesday its lendings as of September reached Rp 2.1 trillion (US$238 million), far exceeding its Rp 1.7 trillion credit target for the year.

Where to go in Bali:

Where to go in Bali:Exhibition * Painting Exhibition The Body Fantasy by I Gusti Ayu Kadek Murniasih, Lingkar Becik Gallery, Jl. Raya Celuk, in Celuk village, Sukawati, Gianyar (Phone: 0361 295411), Monday to Friday, 10 a.m. to 8 p.m., Saturday, Sunday, 10 a.m. to 2 p.m., Oct. 21 to Nov. 5.

Observers want more public accountability

Observers want more public accountability JAKARTA (JP): Observers have urged more public participation in every part of the decision-making process in the city administration and council so that every policy adopted by the city government would be transparent and accountable to the public.

House commission rejects education budget for 2001

House commission rejects education budget for 2001 JAKARTA (JP): A House of Representatives commission has rejected the Rp 11.4 trillion for education allotted in the draft 2001 budget, saying the government should allocate at least 10 percent of the state budget to education if it truly wants to...

Pfizer plans S'pore plant

Pfizer plans S'pore plant SINGAPORE (AFP): US pharmaceutical giant Pfizer announced plans Wednesday for a S$600 million (US$343 million) manufacturing facility in Singapore, officials said.The eight-hectare (19.

Denpasar's roads taking a heavy human toll

Denpasar's roads taking a heavy human toll DENPASAR, Bali (JP): Five-year-old Kadek Agus' short life ended on a fateful Friday afternoon on a Sanur bypass.A motorist slammed into him as he crossed the street. As the critically injured boy lay motionless, his mother ran screaming to help him.

Vietnam imports extra oil

Vietnam imports extra oil HANOI (DPA): Vietnam, a key oil exporter, will import an extra 400,000 tons of petroleum this year in a bid to meet rising demand and settle a jittery market, state media said on Wednesday.