Indonesian Political, Business & Finance News

Archive: 6 October 2000

57 articles found

Road to justice

Road to justice When power and privilege, and the abuse of both, have come as a birthright, it appears to be difficult to make the mental adjustment to harsh reality. For Hutomo "Tommy" Mandala Putra, son of disgraced former Indonesian president Suharto, the good times are over. But his efforts to avoid paying for his excesses suggest some problem in recognizing that his charmed life ended with his father's downfall. Not even clemency is on the cards now.

TNI told to serve state, not leaders

TNI told to serve state, not leaders JAKARTA (JP): President Abdurrahman Wahid renewed calls on Thursday for the military to improve professionalism and serve the state, not the people in power.

Tri/Minarti remain until Sudirman Cup

Tri/Minarti remain until Sudirman Cup JAKARTA (JP): Indonesian Olympic silver medalists in badminton mixed doubles Tri Kusharjanto and Minarti Timur will continue their partnership only until the Sudirman Cup and World Championships in Seville, Spain, in May. Starting from February, Tri will have a new partner Indarti Issoliana, women's doubles specialist, in a transition period before splitting forever with Minarti.

There is a print media conspiracy to unseat Gus Dur, alleges PKB

There is a print media conspiracy to unseat Gus Dur, alleges PKB PURWOKERTO, Central Java (JP): Deputy secretary general of the National Awakening Party (PKB) Chotibul Umam Wiranu claimed on Wednesday that there is a print media conspiracy to unseat President Abdurrahman Wahid.

Pertamina signs gas deal with Petronas

Pertamina signs gas deal with Petronas JAKARTA (JP): State oil and gas company Pertamina signed on Thursday a "heads of agreement" with Malaysian state oil and gas company Petronas for the supply of natural gas from the West Natuna area in the South China Sea to Malaysia. Pertamina's spokesman Ramli Djaafar said the agreement was signed by Pertamina's president Baihaki Hakim and Petronas' president Tan Sri Dato' Hasan Marican at Pertamina's headquarters.

600 RP Moro fighters surrender to authorities

600 RP Moro fighters surrender to authorities CAGAYAN DE ORO, Philippines (Agencies): More than 600 Muslim rebels, including a commander, surrendered on Thursday in a ceremony led by Philippine President Joseph Estrada, who urged the remaining guerrillas to resume peace talks with the government. "We must resolve our differences through peaceful means because fighting among ourselves will never bring any good to either one of us," Estrada said. He said the common enemy of both sides was poverty.

Philippine Senate to probe alleged Estrada payoff

Philippine Senate to probe alleged Estrada payoff MANILA (Reuters): The Philippine Senate said on Thursday it would investigate allegations by a provincial governor that he had regularly handed millions of pesos in payoffs from illegal gambling to President Joseph Estrada. Senate President Franklin Drilon said in the legislature the charges, which Estrada dismissed, would be referred to a "blue ribbon committee" which looks into irregularities in government.

KL plans relocating remote islanders

KL plans relocating remote islanders KUALA LUMPUR (AP): Prime Minister Mahathir Mohamad has proposed evacuating the inhabitants of nearly 100 remote islands off northeastern Borneo to protect them against Muslim rebels from the southern Philippines, Malaysia's defense minister said on Thursday. Najib Tun Razak said police and military officials would survey the islands to decide whether the Abu Sayyaf rebel group poses enough of a security threat to warrant relocating these islanders elsewhere.

Asian petrochemical facing tough 2001

Asian petrochemical facing tough 2001 SINGAPORE (Reuters): Asia's petrochemical industry is heading towards a severe downturn likely to be deepened by this year's run up in crude oil prices, analysts say. The highly cyclical sector has just passed a peak that followed recovery from a bottom hit 30 months ago during the region's sharp recession. Petrochemical producers are bracing for a period of weakness as slack demand squeezes razor-thin product price margins.

The oblique language

The oblique language While languages, like all other aspects of culture, grow and change over time, it is difficult to say that the Indonesian language, Bahasa Indonesia, is growing in the right direction -- that is, in the direction of becoming a modern language capable of conveying the complex concepts of science, commerce and technology. Bahasa Indonesia officially became the national language of Indonesia pending the birth of the independent Republic of Indonesia in 1945.

ASEAN risks 'losing to China and India'

ASEAN risks 'losing to China and India' CHIANG MAI, Thailand (AFP): China and India are fast becoming the darlings of foreign investors and ASEAN must promote free trade to avoid being pushed aside, top U.S. businessmen said Thursday. The executives representing 25 American firms with investments in the region told Southeast Asian economic ministers at a forum here Malaysia's move to shield its automotive industry was a backward step in efforts to liberalize the key sector.

APP spooks investors over $2b debt terms

APP spooks investors over $2b debt terms HONG KONG (Bloomberg): Asia Pulp & Paper Co., one of the few Indonesian companies that didn't default during Asia's financial crisis, is now under fire for trying to change the terms on $2 billion of debt. Asia's largest pulp and paper company outside Japan last month asked investors to accelerate repayment on part of the debt and to roll over the rest by issuing warrants and new longer-dated bonds that pay more interest.

BCA, Bank Niaga divestments delayed

BCA, Bank Niaga divestments delayed JAKARTA (JP): The government agreed with the House of Representatives on Thursday to delay the key divestment program involving the publicly listed Bank Central Asia (BCA) and Bank Niaga. Chairman of the Indonesian Bank Restructuring Agency (IBRA) Cacuk Sudarijanto said that delaying the divestment of the two banks would allow the government to obtain "optimum" proceeds.

DBS Securities might quit Indonesia

DBS Securities might quit Indonesia SINGAPORE (Bloomberg): PT DBS Securities Indonesia, an arm of Southeast Asia's largest banking group, has discussed surrendering its share trading license in Indonesia, the country's market watchdog said. "DBS Securities has talked to my staff earlier about its plan to close the office and send its license back to us," said Arys Ilyas, director of market institutions and trading at the Capital Market Supervisory Agency, or Bapepam.

Local police chief killed in gunfight with GAM rebels in Aceh

Local police chief killed in gunfight with GAM rebels in Aceh BANDA ACEH, Aceh (JP): Krueng Sabee Police subprecinct chief First Insp. Syukri was killed in a gunfight between a police patrol and two armed rebels on Thursday in Curiek village of Aceh Barat in the troubled province, an officer said. Chief of the Aceh Police's Cinta Meunasah Special Operation, Sr. Supt.

ASEAN Ministers agree trade deal but doubts persist

ASEAN Ministers agree trade deal but doubts persist CHIANG MAI, Thailand (Reuters): Southeast Asian economics ministers, meeting in Thailand under the shadow of flagging regional markets, on Thursday agreed a framework for settling a simmering trade row over tariff barriers.

PPD boss resigns over employees' pension fund

PPD boss resigns over employees' pension fund JAKARTA (JP): President of the city-run PPD bus company Anton Sudarto announced his resignation from the post on Thursday following his failure to obtain a Rp 13 billion (US$1.49 million) unpaid insurance and pension fund allocation for the firm's 5,500 employees from the central government.

Timorese refugees coming to grips with 'real situation'

Timorese refugees coming to grips with 'real situation' DENPASAR, Bali (JP): Chief of the Udayana Military Command Maj. Gen. Kiki Syahnakri said pro-integration East Timorese could be divided into three groups in their efforts to pursue their struggle -- realists, conservatives and opportunists.

Eurico to file pretrial suit against police

Eurico to file pretrial suit against police JAKARTA (JP): Prointegration East Timor militia leader Eurico Guterres plans to file suit against the National Police for arresting him on Wednesday morning without following legal procedures, his lawyer Suhardi Somomoeljono said on Thursday. According to Suhardi, the police failed to show a warrant when they arrested Eurico in a hotel room in Central Jakarta, adding that a warrant was only presented by the police later in the evening.

Asian currencies up and rupiah higher on exporter dollar selling

Asian currencies up and rupiah higher on exporter dollar selling SINGAPORE (Dow Jones): Most Asian currencies rebounded Thursday in response to local factors and a move by market participants to trim their dollar positions following a recent run-up in the U.S. currency. Central bank intervention helped the New Taiwan dollar stabilize after it plunged to a nine-month low a day earlier in response to continued political turmoil.

Peace reached in Makassar

Peace reached in Makassar MAKASSAR, South Sulawesi (JP): The tension between the students of the state Islamic Institute (IAIN) Alaudin and Governor HZB Palaguna ended on Thursday after Palaguna apologized for the chaos triggered by civil servants during the students' demonstration against the fuel price hike. The "peace" was followed by an agreement by the governor and IAIN rector Abdul Muin's to establish a joint team to control commodity prices at markets.

Mr. Kusnanto, please give facts

Mr. Kusnanto, please give facts The Indonesian Military (TNI) should be grateful to Mr. Kusnanto, a senior researcher at the Center for Strategic and International Studies, and who is also teaching at the University of Indonesia. He wrote in The Jakarta Post's Sept. 28, 2000 edition an article titled Gus Dur struggles to control TNI, in which you will find two interesting points about Gus Dur and the military, both of which are shocking revelations to me.

Alumni of the Ali Murtopo dynasty

Alumni of the Ali Murtopo dynasty From Sinar Pagi A lot of cronies of the late Army Gen. Ali Murtopo are still wandering throughout Indonesia. They seem to be working by themselves, or without being commanded, which they can do because most of them are already well-established, economically speaking. It does not seem beyond their means to create unrest, as they have been living in extreme luxury from the early days of the economic crisis until now.

Whose justice is it, anyway?

Whose justice is it, anyway? By Donna K Woodward MEDAN (JP): Indonesia is in a state of siege. From Sabang to Merauke Indonesia is besieged by bombings, burnings, chaos and corruption. Lawlessness reigns. The government is paralyzed by confusion, timidity and a new national paranoia over imagined attacks on its sovereignty.

Glodok Plaza to reopen in July 2001

Glodok Plaza to reopen in July 2001 JAKARTA (JP): Glodok Plaza, the biggest and most popular electronics and computer shopping center in the capital before being gutted in the May 1998 riots, is slated to reopened in July next year. Johannes Suriadjaya, president director of PT Multi Plaza Properties which owns and manages the building, said on Thursday that the rebuilding of the shopping center was almost completed.

Innovations in ethnic music

Innovations in ethnic music By Kartika Bagus C. SURAKARTA, Central Java (JP): The audience packing the Surakarta Cultural Center Arena Theater burst into a huge roar of applause when Drumming, a composition by young artist Gunarto Gondrong, came to a close. Soon words and whistles of admiration filled the air.

City parking agency plans to lower levy

City parking agency plans to lower levy JAKARTA (JP): The city car parking agency plans to lower the levy paid by private parking operators from 35 percent to between 10 percent and 15 percent of their annual income. The chairman of City Council Commission D on development affairs, Sayogo Hendrosubroto, confirmed that the agency has requested an amendment to City Bylaw No.5/1999 but has yet to submit a full draft of the amendment.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting, Installation Exhibition Kepala Berisi by Gigih Wiyono, at Cipta III Gallery, TIM arts center, Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087), until Oct. 15 * Painting Exhibition Women, Mon Decor Gallery, Jl. Gunung Sahari Raya no. 1 blok B 13-14, Central Jakarta (Phone: 6299660), 10 a.m. to 6 p.m., until Oct. 15. * Painting, Sculpture Exhibition Moments in Life, at Bizete Gallery, Jl. Gandaria I no.

Bank Niaga targets Rp 700b in new loans this year

Bank Niaga targets Rp 700b in new loans this year JAKARTA (JP): An increase in equity following the government- sponsored recapitalization program in May will enable publicly listed Bank Niaga to channel some Rp 700 billion (US$79 million) in loans this year, a bank executive said here on Thursday.

Doctors told to gear up to deal with child abuse

Doctors told to gear up to deal with child abuse JAKARTA (JP): Doctors, particularly pediatricians and those assigned to the emergency ward, are being called upon to upgrade their knowledge on detecting and handling cases of child abuse. Forensic expert Budi Sampurna of Cipto Mangunkusumo General Hospital (RSCM) said most doctors are still ill-equipped for such cases. "As a result, many cases are unrecorded," Budi said here on Wednesday during a seminar on child abuse.

Gus Dur told to be more circumspect

Gus Dur told to be more circumspect JAKARTA (JP): One-year into the new government, House of Representatives Speaker Akbar Tanjung acquiesced that President Abdurrahman "Gus Dur" Wahid's enigmatic behavior was an inexorable trait. Akbar conceded that while his outbursts were often frustrating and disturbing, "it is difficult to change". "This pattern has shown no signs of changing," lamented Akbar, who is also chairman of the Golkar Party, during a discussion at The Jakarta Post on Thursday.

Cepogo offers alluring copper handicrafts

Cepogo offers alluring copper handicrafts By R. Agus Bakti YOGYAKARTA (JP): Attractive handicrafts always boost the popularity of the places where they are produced. Tumang village in the Cepogo area, 15 km west of Boyolali regency in Central Java, is one of them. The place is known for its copper handicrafts and most of the village's residents work as craftsmen in this industry.

Malaysia palm oil ends far below highs

Malaysia palm oil ends far below highs KUALA LUMPUR (Reuters): Malaysian palm oil futures closed well off the day's highs on Thursday in a late pullback as players took the opportunity to exit the market at higher levels, traders said. A technical rebound helped lift prices earlier. "Many players took advantage of the rise to get out of the market. They know the outlook for the market is not encouraging," said one trader in Kuala Lumpur.

One shot, five arrested in Senen market complex unrest

One shot, five arrested in Senen market complex unrest JAKARTA (JP): Central Jakarta Police shot one man and detained five others for looting at the Atrium Senen shopping center during unrest in the busy Senen market complex on Thursday evening, an officer said. The incident, sparked by a heated argument between a street trader selling pornographic VCDs and a customer, also left two motorcycles burned. Asst. Supt.

Pirates attack ship near Singapore

Pirates attack ship near Singapore SINGAPORE (AP): Pirates armed with pistols and knives ransacked an Indonesian-registered cargo ship off Singapore, tying up and gagging the crew before making off with cash and valuables, officials said Thursday. Such attacks are becoming increasingly common in the area.

Badung market to be rebuilt

Badung market to be rebuilt DENPASAR: The Denpasar mayoralty will soon rebuild Badung market which was razed by fire last September and has vowed that small traders would be given priority for sites in the biggest traditional market in the province, spokesman Nyoman Subrata said on Thursday. Badung market, established in 1950, is situated in a strategic location adjacent to the Kumba Sari market.

Police to release 20 JSX bombing suspects

Police to release 20 JSX bombing suspects JAKARTA (JP): Twenty of the 30 people detained over the bombing of the Jakarta Stock Exchange (JSX) building will be released soon, an officer said on Thursday. Jakarta Police deputy chief Brig. Gen. Makbul Padmanegara told a news conference that the 20 men would be released by Friday. However, Makbul said the men would not be freed from the initial charges against them since they were still suspects in two bombing cases.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 5, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,900 630 5,559,500 Adindo Foresta Indonesia 150 0 490,500 Alakasa Industrindo 430 0 0 Alfa Retailindo 810 25 220,500 Alter Abadi 200 5 17,500 Alumindo Light Metal 995 0 0 Aneka Kimia Raya 290 -5 7,500 Aneka Tambang (Persero) 1,000 10 441,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Students for Soeharto's 'street trial'

Students for Soeharto's 'street trial' JAKARTA (JP): Some 1,000 university students rallied on Jl. Salemba Raya, Central Jakarta on Thursday, demanding a "people's court" to try former president Soeharto. The protesters included members from the City Forum (Forkot), Collective Forum (Forbes), Students Action Front for Reform and Democracy (Famred) and Oppressed People's Community (Karat). They blocked the street and erected a stage near the intersection of Jl. Salemba Raya and Jl.

Sutiyoso responsible for takeover of PDI HQ

Sutiyoso responsible for takeover of PDI HQ JAKARTA (JP): Governor Sutiyoso was responsible for the violent takeover of the Indonesian Democratic Party (PDI) headquarters in 1996 when he was chief of the Jakarta Military Command, a top military investigator said on Thursday. Military police chief Maj. Gen. Djasri Marin said Sutiyoso and the Jakarta Police chief at the time, Insp. Gen. Hamami Nata, should take responsibility for the attack at the building on Jl. Diponegoro in Central Jakarta.

Next TNI chief will be from the Air Force: Agus

Next TNI chief will be from the Air Force: Agus JAKARTA (JP): In observance of the new paradigm that the Indonesian Military (TNI) is a united entity of elements from the Army, the Navy and the Air Force, the next TNI leadership will be decided through a rotation system, a senior military officer said on Thursday. "Based on the rotation system, the next TNI chief will be from the Air Force," TNI Chief of Territorial Affairs Lt. Gen.

KONI still has ambush agreement with sponsors

KONI still has ambush agreement with sponsors JAKARTA (JP): Head of the National Sports Council (KONI)'s sports business and industry commission, Fritz Simanjutak, expressed his disappointment on an ambush agreement between the council and its Olympic sponsors. "It's the weakness of our sports world that we are still unable to officially protect our sponsors from so-called ambush agreements," he said during a visit to PT Samsung Electronics Indonesia in Cikarang on Thursday.

Student protests mar TNI anniversary

Student protests mar TNI anniversary JAKARTA (JP): Anti-military demonstrations in several cities spoiled the 55th anniversary of the Indonesian Military (TNI) on Thursday. In Bandung, hundreds of students rallied asking the government to withdraw the military's dual function and urged the military (personnel) to stop involvement in business. Gathering at the Siliwangi Military Command headquarters, they said that the military had been too tough against the labor and farmers' movement.

Of all the bars in all the world...

Of all the bars in all the world... By William Furney JAKARTA (JP): It seemed like just another gig for yet another washed-out, aging almost-made-it songstress. Barren bar, obscure singer, drunken Western businessman, his young Indonesian girlfriend camcording him agonizingly dueting with singer until the batteries go dead and she retreats to the bar, taking mild comfort in yet another Diet Coke, wondering what sense was to be made of it all. Yet there was something about this singer.

Alcatel wins bid for Thai telecoms

Alcatel wins bid for Thai telecoms BANGKOK (AFP): French telecoms giant Alcatel Thursday won the contract to construct a fiber-optic cable network for Thailand, a spokesman for the state telephone organization said. The board of the Telephone Organization of Thailand (TOT) announced Alcatel had won the 178.5-million dollar project known as SDH (synchronous digital hierarchy) after the company cut its original price by 10 percent to 5.8 billion baht (US$136.5 million).

Violence against women

Violence against women I have noticed that Indonesian sinetron nowadays do not mind at all showing women being harassed and slapped across the face by their husbands (or male "friends"). A concrete example is the advertisement on SCTV during prime time showing glimpses of the sinetron Terpikat (Being Charmed). I, and hopefully many other decent people, find this very disgusting.

ASEAN, UN to unveil action plan for drug-free SE Asia

ASEAN, UN to unveil action plan for drug-free SE Asia BANGKOK (AFP): Southeast Asian countries, together with China and the United Nations, have joined forces to draw up an action plan to make the region drug-free by 2015, a senior UN official said on Thursday.

Fuel price hike benefits the greedy

Fuel price hike benefits the greedy From WARTA KOTA The impact of the fuel price hike has been unfavorably felt by needy people and students. Prices of commodities, including basic daily needs, are also up, some having jumped even before the fuel hike came into effect. Strangely enough, some government officials consider the fuel price hike as not having a very big impact. I think the officials daring to issue such a statement do not have the conscience to respond to the grievances of the needy.

Garuda secures deals to lease seven Boeing 737s

Garuda secures deals to lease seven Boeing 737s JAKARTA (JP): National flag carrier Garuda Indonesia has secured deals to lease seven Boeing 777 aircraft from two American financing companies GE Cash and International Leasing Finance Company (ILFC), the airline's president Abdulgani said here on Thursday. Abdulgani said one of the seven narrow-bodied Boeing 737s would be delivered next month and the other six would arrive in Indonesia in stages until January next year.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Song 9:00 Interval 2:00 p.m. News 2:30 Cartoon 3:00 Documentary 4:00 News 4:30 Talk Show 5:30 TVRI News 6:30 Music 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 World News 9:30 Music 10:30 News Program 2 5:30 p.m. News 6:00 Music 7:00 Evening News 7:30 TV Drama 8:00 City News 8:30 Variety Show TPI 5:30 a.m.

New kerosene price approved

New kerosene price approved BANDUNG: The Bandung city administration, the city council and representatives of the state-owned oil and gas company Pertamina have agreed to set a new kerosene price effective as of Friday, a councillor said on Thursday. Chairman of the city council's Commission B on financial affairs Hidayat Zaini said that the new price was set at Rp 435, or Rp 5 higher than the price in Jakarta.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Oct. 5, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Prosecutors seek review of Soeharto ruling

Prosecutors seek review of Soeharto ruling JAKARTA (JP): State prosecutors appealed on Thursday for a review of a district court ruling which had put the trial of former president Soeharto to a halt. Muchtar Arifin, the director of prosecution affairs to the Attorney General's Office, said after submitting the appeal to the Jakarta High Court that the South Jakarta District Court could continue the trial without the defendant's presence as stipulated in the 1971 Anticorruption Law.

Tanker still leaking oil

Tanker still leaking oil SINGAPORE (AP): Oil was still leaking on Thursday from a Panama-registered tanker that ran aground in Indonesian waters two days earlier, officials said on Thursday. Strong winds have blown some of the spilled oil into the waters of Singapore's busy port, the Maritime and Port Authority said. At least 7,000 metric tons of crude oil spilled into the sea after the 51,095-gross ton Natuna Sea ran aground at dawn on Tuesday. None of the 32 people aboard were injured.

Israeli's Knesset speaker to meet House chief Akbar

Israeli's Knesset speaker to meet House chief Akbar JAKARTA (JP): House of Representatives Speaker Akbar Tandjung has accepted a request for a separate meeting with his Israeli Knesset counterpart Avraham Burg on the sidelines of the 104th Inter-Parliamentary Union (IPU) conference here later this month. Akbar said on Thursday the request had been extended by an Israeli liaison officer. "I cannot turn it (the request) down because Israel is a member of the IPU," Akbar told The Jakarta Post.

Archery organization to standardize training

Archery organization to standardize training JAKARTA (JP): The Indonesian Archery Association (Perpani) will stage a 10-day coaching course in the Ragunan sports school complex, South Jakarta, starting on Tuesday. The Perpani secretary-general, Udi Harsono, said on Thursday that the course was aimed at implementing across the board a coaching method developed by South Korean coach Lee Jae-hyung and his assistant Daniel Lumalesil. "Lee will brief the coaches on the new method.

Rising local demand cuts South Asian cotton exports

Rising local demand cuts South Asian cotton exports SINGAPORE (Reuters): Climbing demand from textile mills in India and Pakistan, and lower local crops, are likely to curb South Asian cotton exports in coming months, opening up markets for Australia, industry sources said on Thursday. "Higher mill consumption, a fall in production and high domestic prices...so, where is the chance for exports?" said one somber Indian cotton exporter.