Indonesian Political, Business & Finance News

Archive: 5 October 2000

60 articles found

Astra International begins paying debts

Astra International begins paying debts JAKARTA (JP): Publicly listed PT Astra International announced on Wednesday it had begun repaying its debt nearly three months ahead of the schedule stipulated in its 1999 debt restructuring agreement.

Jamsostek increases workers' compensation

Jamsostek increases workers' compensation JAKARTA (JP): The government has issued a new regulation stipulating that state-owned insurance company PT Jamsostek increase its occupational accident and death compensation for workers.

Action taken to avoid panic

Action taken to avoid panic BANDUNG, West Java: Local police are conducting a week-long course on handling bomb threats at vital and public installations in the area, a police said on Wednesday.The head of the training and education division at the West Java Police Headquarters, Sr. Supt.

Indonesia must curb TNI omnipresence

Indonesia must curb TNI omnipresence The excessive reach of the Indonesian Military (TNI), from the lowest level of village administration to top-level security affairs, is to blame for conflicts of authority with the police as well as infringement of civilian rights.

Nike's sound of silence

Nike's sound of silence On Sept. 5 this newspaper carried a news report on Mr. Jim Keady's attempt to replicate the lifestyle (if it can be called that) of Nike's Indonesian workers, and his criticism of Nike Indonesia's labor practices. On Sept. 11 Nike's Indonesia manager Mr.

Suwandi expected to win 1st singles match

Suwandi expected to win 1st singles match JAKARTA (JP): Indonesia's top men's singles player Suwandi is expected to win the first singles match against Cheng Wei-yen of Chinese Taipei in the Davis Cup Asia Oceania Group 2 final on Friday.

Makassar students detain six government employees

Makassar students detain six government employees MAKASSAR, South Sulawesi (JP): The conflict between the Alauddin State Islamic Institute (IAIN) and the South Sulawesi gubernatorial office continued on Wednesday with the detention of six civil servants by the students.

No pardon for Tommy: President

No pardon for Tommy: President JAKARTA (JP): President Abdurrahman Wahid said that he would not pardon former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra, who has been sentenced to an 18-month jail term for corruption.

Government to impose new levy on fishing permits

Government to impose new levy on fishing permits JAKARTA (JP): The government will impose a new levy on the application of fishing permits in a bid to increase state revenue from the fishing sector, a senior fisheries official said here on Wednesday.

Is Bali becoming increasingly less attractive for visitors?

Is Bali becoming increasingly less attractive for visitors?By Simon Marcus Gower DENPASAR, Bali (JP): Three people were recently seen on a sunny street in Bali, each one in a state of agitation, each one far from at peace on the island of the Gods.

Oil training for Timorese

Oil training for Timorese CANBERRA (AP): Australian Industry Minister Nick Minchin announced Wednesday a plan to help train East Timorese people for jobs in the former Indonesian province's fledgling oil and gas industry.

Indriyani, Winarni cheered at hometown

Indriyani, Winarni cheered at hometown BANDARLAMPUNG, Lampung (JP): Thousands of people in Tanggamus, Lampung, stood along the road Wednesday to cheer local heroines Sri Indriyani and Winarni, who won bronzes in the just-concluded Olympic Games.

Germany still in transition

Germany still in transition Being a German citizen currently living in Indonesia, I would like to comment on the German ambassador's greeting to the Republic of Indonesia on the occasion of the German National Day (Oct. 3, 2000).Dr.

Banser's protest over caricature regretted

Banser's protest over caricature regretted JAKARTA (JP): The National Awakening Party (PKB) secretary- general Muhaimin Iskandar regretted its militias Garda Bangsa and Banser of the largest Muslim organization Nahdlatul Ulama for protesting a caricature in a newspaper."We apologize for the conduct.

Former tennis star Mien passes away

Former tennis star Mien passes away JAKARTA (JP): Indonesia lost its former women's tennis star Mien Gondowijoyo when she passed away on Wednesday morning at the Pelni Hospital at 6.24 a.m. due to complications from diabetes mellitus.Her body was taken from the hospital to her residence on Jl.

Experts question govt debt restructuring plans

Experts question govt debt restructuring plans JAKARTA (JP): Experts criticized the government on Wednesday for a lack of transparency in the multibillion dollar debt restructuring plans designed for four large debtor conglomerates.

Stop damning TNI, minister Mahfud appeals

Stop damning TNI, minister Mahfud appeals JAKARTA (JP): Minister of Defense Mahfud MD has appealed to the public to stop condemning the Indonesian Military (TNI) which marks its 55th anniversary on Thursday.

IBRA owns 98.23% of Bank Bali

IBRA owns 98.23% of Bank Bali JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA), in its position as a standby buyer of the publicly listed Bank Bali's recent limited public offering, will own 98.

Confusing statistics on the poor

Confusing statistics on the poorBy Peter Gardiner JAKARTA (JP): At one time most people turned to the Central Statistics Board (BPS) as the main source of statistical information. Now there is competition.

Administration told to make regulations on child welfare

Administration told to make regulations on child welfare JAKARTA (JP): In a campaign to help overcome the problem of street children, activists called on the city administration on Wednesday to set up regulations on child welfare.

LippoShop invests Rp 100b

LippoShop invests Rp 100b JAKARTA (JP): LippoShop, an online shopping operator jointly owned by PT Lippo Online and retail chain Matahari Putra Prima, will spend about Rp 100 billion (about US$11.7 million) in investments during the first year of operation.The company's president Teddy H.

Armed rebels launch two more attacks

Armed rebels launch two more attacks BANDA ACEH, Aceh (JP): Police on Wednesday said that armed rebels had launched yet more hit-and-run attacks, this time on an arms storage depot and a district religious affairs office.No casualties were reported in either of the Tuesday night incidents.

Pakistan aiding Taleban offensive: Masood

Pakistan aiding Taleban offensive: Masood ISLAMABAD (Agencies): Afghan opposition military chief Ahmad Shah Masood vowed to fight on despite setbacks and accused Pakistan of backing the Taleban's offensive in an interview published here Wednesday.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 4, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,258.00 9,258.00 8,714.00 8,802.00Australian dollar 1 4,441.98 4,984.51. 4,687.26 4,739.00Austrian schilling 1 525.90 589.92 554.94 560.

Truck overturns after near-miss

Truck overturns after near-miss SEMARANG, Central Java: A trailer truck carrying a six-ton load overturned on the Walisongo-Semarang highway on Wednesday after it nearly collided with a van and a pickup.The police patrol chief at Tugu substation, Second Insp. Sutrisno, said there were no fatalities.

Police arrest prointegration leader Eurico

Police arrest prointegration leader Eurico JAKARTA (JP): Police officers arrested on Wednesday prointegration militia leader Eurico Guterres at a hotel in Central Jakarta for allegedly hampering ongoing police weapons sweeping operations in Atambua, East Nusa Tenggara.National Police chief Gen.

Major's office besieged for return of pedicabs

Major's office besieged for return of pedicabs JAKARTA (JP): The seizure of three becak (pedicabs) operating in a prohibited zone resulted in a headache for North Jakarta officials on Wednesday when their offices were surrounded by some 450 pedicab drivers, who demanded the return of the three...

Gulf agrees to send more gas to Caltex

Gulf agrees to send more gas to Caltex JAKARTA (JP): Gulf Indonesia Resources Limited, in which Gulf Canada Resources Limited holds a 72 percent stake, said on Tuesday it and its partners reached an agreement in principle for additional gas deliveries to PT Caltex Pacific Indonesia.

ASEAN expects FDI to rise

ASEAN expects FDI to rise CHIANG MAI, Thailand (Dow Jones): Ministers and senior investment promotion officials of the Association of Southeast Asian Nations (ASEAN) expressed hopes Wednesday foreign direct investment flows in region will pick up over the next two years.

Four excluded from PSSI core team

Four excluded from PSSI core team JAKARTA (JP): National soccer team head coach Nandar Iskandar has excluded four players from his core squad lineup for the 2000 Asian Cup in Lebanon next week.The four players excluded are goalkeeper Sahari Gultom, Warsidi, Yaris Riyadi and a striker whom he would...

Italian center opens at Udayana University

Italian center opens at Udayana University DENPASAR, Bali (JP): A photographic exhibition and the screening of Italian films were held in conjunction with the recent opening of the Center for Italian Studies at state Udayana University.

Confusing, indeed

Confusing, indeedFrom Rakyat MerdekaThe presence of security personnel keeping guard around the residence of the New Order ruler Soeharto is a very confusing matter. One gets the impression they are not under the control of President Abdurrahman Wahid.

Mujib named acting presidential secretary

Mujib named acting presidential secretary JAKARTA (JP): President Abdurrahman Wahid named Mujib Manan as acting presidential secretary to replace his ailing former secretary, Djoko Mulyono, a senior aide said on Wednesday.

October set as time to negotiate power rates

October set as time to negotiate power rates JAKARTA (JP): State-owned power company PT PLN said on Wednesday that the offer to negotiate power rates with its industrial users would end this October."It means that anyone who doesn't have the goodwill to negotiate with us, they're done, they risk...

Robbers flee with goods

Robbers flee with goods BOGOR (JP): Bogor police are searching for six men in connection with an armed robbery early Wednesday morning. Robbers easily made away with electronic equipment from an unlocked public telephone kiosk of state-run PT Telkom, at Pasirmuncang village, Caringin area.

Toll operator CMNP projects $10m profit

Toll operator CMNP projects $10m profit JAKARTA (JP): Publicly listed toll road operator PT Cipta Marga Nusaphala Persada (CMNP) projects a net profit of Rp 88 billion (US$10 million) this year, after suffering a net loss of Rp 117 billion last year, according to the company's finance director.

Pulogebang bus terminal project to begin soon

Pulogebang bus terminal project to begin soon JAKARTA (JP): Following the financial problems which have beset the appointed contractor, the city administration has decided to take over the planned construction of a new bus terminal in the Pulogebang area of East Jakarta to replace the current...

'Segara Anakan' project to be retendered

'Segara Anakan' project to be retendered PURWOKERTO, Central Java (JP): The conservation project at the Segara Anakan Strait in Cilacap, Central Java, will have to be retendered due to alleged corruption, collusion and nepotism (KKN), an official says.

Popeye's ties up with Popindo

Popeye's ties up with Popindo JAKARTA (JP): The New York-based fastfood chain Popeye's has expanded into Indonesia's fast growing restaurant market in cooperation with local restaurant operator PT Popindo Selera Prima.

All cronies saved?

All cronies saved?From Jurnal IndonesiaAt last, former president Soeharto is free after the South Jakarta District Court ruled he can never be tried because of his poor health. A team of doctors said Soeharto has suffered permanent brain damage, so he cannot possibly understand complex problems.

Fire destroys subdistrict office

Fire destroys subdistrict office TANGERANG (JP): Tangerang police detectives are still investigating the source of the fire that razed the Babakan subdistrict head's office on Jl. Jend. Sudirman, early Wednesday morning.

Making debtors creditworthy

Making debtors creditworthy Since fast, firm corporate debt restructuring has been one of the vital requirements for fuelling a strong economic recovery, the government's quick, forceful decision on Monday evening on a more than US$3 billion debt workout for four of the country's biggest debtors...

Repealed law can be used to charge Bob: Prosecutor

Repealed law can be used to charge Bob: Prosecutor JAKARTA (JP): Prosecutors in a multimillion-dollar graft case insisted on Wednesday that charging timber baron Muhamad "Bob" Hasan under an old anticorruption law that had been repealed was lawful despite the existence of a new Anticorruption Law.

TNI blasted over commercial interests

TNI blasted over commercial interests JAKARTA (JP): Experts and activists strongly criticized the Indonesian Military (TNI) for alleged unaccountable profits gained from commercial activities in the private sector and called for a transparent account of the matter.

Forex reserves increase

Forex reserves increase JAKARTA (JP): Indonesia's international reserves rose by US$104 million to $28.09 billion in the week ending on Sept. 28 from $27.9 billion during the previous week, according to the latest data issued by Bank Indonesia.

Private sector foreign debt to reach $9.2b

Private sector foreign debt to reach $9.2b JAKARTA (JP): The private sector foreign debt falling due in the fourth quarter of this year is estimated to reach more than US$9.2 billion, according to a senior official at Bank Indonesia.

Minister launches health plan

Minister launches health plan JAKARTA (JP): The Ministry of Health and Social Welfare launched on Wednesday a US$79.07 million pilot project aimed at facilitating the decentralization of health services in anticipation of the implementation of regional autonomy next year.

Continuing riots alarming

Continuing riots alarmingFrom Suara KaryaI am in my second year at Cendana Mandau Junior High School in Duri, Riau. I wonder why the government does not seem to take any action to stop the riots that have broken out in many parts of the country, such as Ambon, Aceh, Jakarta and Atambua.

Supreme Court upholds Oki's sentence

Supreme Court upholds Oki's sentence JAKARTA (JP): The Supreme Court has upheld the Jakarta High Court's 1997 death sentence for Harnoko Dewantono, alias Oki, for a triple murder in the United States between 1991 and 1992, a court official said on Wednesday.

Vietnam says ASEAN rejects Myanmar mediation affair

Vietnam says ASEAN rejects Myanmar mediation affair HANOI (Agencies): Vietnam, the chair of ASEAN, said on Wednesday that it and "relevant" members had rejected a proposal for the regional group to mediate in Myanmar as it would represent interference in Yangon's internal affairs.

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), through Oct. 14.Museums and Galleries * Blue Moon Gallery, Jl.

Classical Japanese drama Noh performance stuns Balinese

Classical Japanese drama Noh performance stuns BalineseText by I Wayan Juniarta, photos by Murdani Usman DENPASAR, Bali (JP): Hundreds of Balinese were astonished by a rare performance of the centuries-old classical Japanese drama Noh by a Kyoto-based theatrical troupe.

House passes bill on establishment of Banten province

House passes bill on establishment of Banten province JAKARTA (JP): Banten residents need only wait for President Abdurrahman Wahid's endorsement before they can declare themselves independent from West Java province.

AFTA-CER trade bloc can advance: Australia

AFTA-CER trade bloc can advance: Australia CANBERRA (Dow Jones): Despite major hurdles, Australian Trade Minister Mark Vaile is confident a meeting later this week can advance plans to liberalize trade between Australia, New Zealand and the Association of South East Asian Nations, he said Wednesday.

Asian currencies mostly down late, rupiah hit by Tommy's case

Asian currencies mostly down late, rupiah hit by Tommy's case SINGAPORE (Dow Jones): The New Taiwan dollar to a nine-month low Wednesday, amid a generally weaker Asian currency market, as Taipei's political quandary deepened following the prime minister's abrupt resignation, dealers said.

Women robbed of Rp 57 million

Women robbed of Rp 57 million YOGYAKARTA: Two robbers got away with Rp 57 million on Wednesday after grabbing a bag containing the cash withdrawn from a bank by two women.Depok Sleman Police substation chief Second Insp. Beja said the two women had just withdrawn the money from Lippo Bank on Jl.

KL records 28% fall in rubber income

KL records 28% fall in rubber income KUALA LUMPUR (AFP): Malaysia's total rubber export earnings fell 28 percent in 1999 to 12.65 billion ringgit (US$3.3 billion), the official Bernama news agency said Wednesday.

Most JSX bombing suspects likely to be freed: PHBI

Most JSX bombing suspects likely to be freed: PHBI JAKARTA (JP): Coordinator of the Indonesian Legal Aid and Human Rights Association (PBHI) Hendardi said on Wednesday that the police were likely to soon release most of the suspects in the bombing of the Jakarta Stock Exchange (JSX) building.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 4, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,270 0 0 Adindo Foresta Indonesia 150 0 1,414,000 Alakasa Industrindo 430 0 0 Alfa Retailindo 785 -25...

Students attack paramilitary students

Students attack paramilitary students JAKARTA (JP): Hundreds of students of privately-run Krisna Dwipayana University mobbed four members of the student paramilitary regiment (Menwa) and razed two campus facilities to the ground on Wednesday.