Indonesian Political, Business & Finance News

Archive: 11 November 2000

59 articles found

British reflections on RI's Heroes Day

British reflections on RI's Heroes Day By David Jardine JAKARTA (JP): "Happy the land without heroes," said the philosopher Bertolt Brecht. Maybe, but he would find few, if any, takers for such a sentiment in Indonesia as the country celebrated National Heroes Day on Nov. 10.

Gus Dur officiates mosque, church in Surabaya

Gus Dur officiates mosque, church in Surabaya SURABAYA (JP): President Abdurrahman Wahid, known for his high religious tolerance, officiated the use of a new mosque and a new Catholic church in two subsequent ceremonies here on Friday, saying that the events could be cited as evidence of religious harmony.

Uncertainties abroad with U.S. election hobbled

Uncertainties abroad with U.S. election hobbled TOKYO (Agencies): With hopes for a quick presidential election result fading, fears were rising abroad that political uncertainty in the United States could start to shake the world's trade and security systems and unsettle Washington's top allies. "I hope an electoral result will come out as soon as possible," Japanese Foreign Minister Yohei Kono told reporters Friday morning, three days after the extremely close vote.

Smart Megawati

Smart Megawati Being smart is different from being clever. Megawati is not said to be clever; she is said to be smart. Prof. Budiyatna said that it was not right for Megawati to say she disagrees with Abdurrahman Wahid's stepping down. Professor, you have forgotten that Megawati is actually very smart. Being smart is more valuable than just being clever. A professor is clever but he is not necessarily smart. When Habibie was president, a professor was assigned to trace Soeharto's assets abroad.

People to repay tycoons' debts

People to repay tycoons' debts From Suara Karya In the draft state budget for 2001, which the government presented to the House of Representatives on Oct. 2, 2000, 72 percent of the state's revenues (about Rp 172.44 trillion of the projected revenues of Rp 242.99 trillion) will come from the tax sector.

U.S. ambassador holds RI talks in Washington

U.S. ambassador holds RI talks in Washington WASHINGTON (Agencies): United States Ambassador to Indonesia Robert Gelbard, who has been embroiled in a war of words with senior Indonesian government officials, is having consultations with his superiors in Washington, officials said on Thursday. Gelbard returned home on a previously arranged family visit last week, in the midst of a growing bitter atmosphere in which his presence had become increasingly unwelcome in Jakarta.

Hospital duped into paying evacuation

Hospital duped into paying evacuation DENPASAR, Bali: City police here are looking for U.S. citizen Eisenhower D. Jay, 41, who has allegedly cheated the Sanglah General Hospital of almost Rp 300 million. Police spokesperson Ass. Supt. Andi Arwita said on Friday hospital officials reported that Jay asked to be evacuated to Singapore after he had been hospitalized for some time. "He promised to pay his bills afterward," Andi told Antara.

Telkom posts 48 percent rise in its net income

Telkom posts 48 percent rise in its net income JAKARTA (JP): State-owned telephone operator PT Telekomunikasi Indonesia (Telkom) booked a 48 percent increase in its net income for the first nine months of the year to Rp 2.18 trillion ($233.02 million) from Rp 1.47 trillion a year earlier. "Contributing to the growth was the increase in total operating revenues and non-operating gains," Telkom corporate secretary Bambang Riadhy Oemar said in a statement on Friday.

KAMMI wants Gus Dur to be impeached

KAMMI wants Gus Dur to be impeached YOGYAKARTA (JP): The United Front of Indonesian Muslim Students (KAMMI) ended its second national congress on Friday with a recommendation that the People's Consultative Assembly (MPR) hold a special session to ask for the President's accountability. The congress, which had its official closing ceremony late Thursday night, also recommended that the national education budget be raised.

Wismilak, Mahaputri reach Kobanita final

Wismilak, Mahaputri reach Kobanita final JAKARTA (JP): Defending champion Wismilak CLS of Surabaya was only one step away from its ambition to retain its title after beating another Surabaya-based team Sahabat 64-35 in the semifinals of the Rexona women's Kobatama national basketball league at the Soemantri Brodjonegoro indoor court on Friday. In the final match on Saturday, Wismilak CLS will meet Mahaputri Aspac, which defeated Bandung-based Rajawali 57-43 in the second semifinal match.

Former inmates talk about Cipinang jail

Former inmates talk about Cipinang jail By Joko E.H. Anwar JAKARTA (JP): Amid doubts and speculations about the police's failure so far to locate the nation's most wanted fugitive, Hutomo "Tommy" Mandala Putra, shocking stories about the life in Cipinang Prison could be a factor that makes the 38-year-old son of former president Soeharto still refuse to surrender himself.

Seminar on infrastructure

Seminar on infrastructure JAKARTA (JP): A seminar on the importance of infrastructure development in Indonesia will be held at the Shangri-La Hotel on Thursday to discuss the need for increased participation of the private sector. Asian business intelligence provider, Strategic Intelligence, along with the Center for Technical and Industrial Development (CTID) and the Indonesian Transport Society (MTI) will jointly organize the seminar. J.

Over 4,000 Kamra members question their future

Over 4,000 Kamra members question their future YOGYAKARTA (JP): More than 4,000 members of police-sponsored civilian militia, known as Keamanan Rakyat or Kamra, took to the streets in Yogyakarta on Friday querying about their future as their working contract with then Ministry of Security and Defense will terminate on Dec. 31.

World rice trade set for somber season in 2001

World rice trade set for somber season in 2001 NUSA DUA, Bali (Reuters): Bumper rice paddies and lackluster demand are likely to set a somber tone in the global rice market in 2001 industry experts say. Delegates at the Fifth Asia International Rice Conference expect these bearish fundamentals could push prices down by as much $30 per ton.

Nikko Securities, BNI sign deal

Nikko Securities, BNI sign deal JAKARTA (JP): PT Nikko Securities and state owned Bank Negara Indonesia (BNI) signed on Friday an agreement to jointly market their products. Nikko director Adler Haymans Manurung (right) said that the deal allowed Nikko clients to make investment transactions 24- hours a day using BNI's phone plus facility. BNI's division head for retail business development Tjuk Suparman (left) said that the bank was expanding its retail business.

Awaiting recommendation to buy buses from China

Awaiting recommendation to buy buses from China JAKARTA (JP): Following the signing of the agreement for the marketing of 2,000 buses from Texmaco on the previous day, the city administration on Friday said that it would continue efforts to obtain a government recommendation which would lower the import tax for the 3,000 buses to be shipped from China as part of its plan to replace the city's aging buses.

Batavia, a shoppers' paradise in its day

Batavia, a shoppers' paradise in its day By Ida Indawati Khouw The presence of various markets made Batavia a shopping haven. The 64th article on old and protected buildings in Jakarta takes a look into the past.

United Tractors' sales surge

United Tractors' sales surge JAKARTA (JP): Publicly listed heavy machinery company PT United Tractors announced on Friday net sales of Rp 3.79 trillion ($US421 million) during the first nine months of the year, or 32 percent higher than during the same period last year. "The increase is quite significant as net sales for all of 1999 totaled Rp 3.83 trillion, or only 1 percent higher than net sales in the third quarter of 2000," the company said in a statement.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 10, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,175 50 407,000 Adindo Foresta Indonesia 120 0 0 Alakasa Industrindo 350 0 0 Alfa Retailindo 950 0 959,500 Alter Abadi 185 -15 5,500 Alumindo Light Metal 975 -50 5,500 Aneka Kimia Raya 275 0 32,500 Aneka Tambang (Persero) 1,025 -25 2,471,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Locusts hit farms in Sumatra

Locusts hit farms in Sumatra PALEMBANG, South Sumatra: Some 99 hectares planted with rice and corn in Ogan Komering Ulu and Ogan Komering Ilir regencies in the province have been damaged following a locust attack (locusta migratoria), an official said on Friday. The head of South Sumatra Food Crops Agricultural Agency, Trisbani Arief, told Antara that swarms of grasshoppers attacked more than 37 villages in those regencies. "Six years ago they ruined 360 hectares," he said.

A brief profile of some noted Huangs in Indonesia

A brief profile of some noted Huangs in Indonesia JAKARTA (JP): A number of public figures originating from the Huang families can be found in Indonesia, varying from business people to professionals and community leader as well as politicians. Among the best known, now deceased, are: * Oei Tiong Ham (1866 - 1924), a millionaire entrepreneur known locally as the "King of Sugar", whose Kian Gwan enterprises included sugar export, banking and shipping businesses.

Geopolitics behind Jiang's trip to SE Asia

Geopolitics behind Jiang's trip to SE Asia By Peter Harmsen BEIJING (AFP): When Chinese President Jiang Zemin embarks on a week-long trip to Laos, Cambodia and Brunei this week he will be carrying China's ambition to be a regional power, but will be weighed down by history. It is the first time since the 1960s that a Chinese head of state has paid a visit to any of these countries, but analysts say Beijing's hope of gaining influence in Southeast Asia should not be underestimated.

Recent history's heroes remembered in street plays

Recent history's heroes remembered in street plays JAKARTA (JP): Heroes of recent history including slain students were remembered Friday as hundreds of students and aspiring actors marked National Heroes Day of Nov. 10.

Ministry holds free HIV/STD tests

Ministry holds free HIV/STD tests YOGYAKARTA: In commemoration of Sunday's National Health Day, the Ministry of Health will conduct free Human Immunodeficiency Virus (HIV) and Sexually Transmitted Disease (STD) examinations for pregnant women. An official, Bambang Purnomo, said on Friday that his office would also administer free medical treatment to pregnant women and also prostitutes in the Pasar Kembang and Gedong Tengen areas.

Malaysian palm oil closes lower on export data

Malaysian palm oil closes lower on export data KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower on Friday on renewed selling prompted by smaller exports for the first 10 days of November, traders said. Cargo surveyor Societe Generale de Surveillance Malaysia Sdn Bhd (SGS) said Malaysian palm oil exports for November 1-10 were at 281,819 tons compared with 297,931 tons for the first 10 days of October.

Robberies in Jakarta

Robberies in Jakarta From Warta Kota The electronic and print media have been repeatedly reporting the occurrence of bank robberies in Jakarta, in particular those involving large amounts of cash being carried by bank customers when leaving the bank. From my observations, the police have not been able to deal with these bank robberies in a satisfactory manner.

Tables are set for Kwik Kian Gie's party

Tables are set for Kwik Kian Gie's party JAKARTA (JP): All the preparations were completed on Friday, and the stage is set for Saturday's informal gathering of like- minded legislators to discuss national problems. The meeting's patron, former Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie, is due to give opening remarks on the technical aspects of the severe economic problems gripping the country.

Govt warns organizers of Aceh mass rally

Govt warns organizers of Aceh mass rally JAKARTA (JP): While thousands of Acehnese were bracing for the popular assembly for peace, the government issued a stern warning to organizers of the rally on Friday not to inflame separatist passion. Coordinating Minister for Politics, Social and Security Affairs Gen. (ret.) Susilo Bambang Yudhoyono said in Magelang, Central Java, that firm actions would be taken to prevent the mass rally from turning into a popular call for a referendum on independence.

Asian currencies mixed late, new Estrada charges hit peso

Asian currencies mixed late, new Estrada charges hit peso SINGAPORE (Dow Jones): Asian currencies were mixed Friday, with the Philippine peso suffering from a new flurry of corruption allegations against President Joseph Estrada. The New Taiwan dollar rose for the eighth straight session. The Singapore dollar and Indonesian rupiah also edged higher, while the South Korean won and Thai baht lost ground.

Arjuna gets first bath in 15 years

Arjuna gets first bath in 15 years JAKARTA (JP): The city administration on Friday conducted a clean up of the Arjuna Wijaya statue, located at the Bank Indonesia roundabout in Central Jakarta. The City Parks Agency Chief Dadang Ruskandar said that this is the first time in 18 months that the statue has been cleaned. A private company PT Kawan Lama Sejahtera agreed to finance the activity. "The company paid and supplied for all of the equipment needed for the clean up.

City official to sue ads company

City official to sue ads company JAKARTA (JP): Chief of the City Planning Agency Ahmadin Ahmad, initially accused of receiving compensation from an advertising firm, vowed on Friday to sue the firm for defamation. Ahmadin insisted that he had never received any money from the company in connection with the recommendation he issued for the firm, PT Cinggar Indo Galba, to erect a giant billboard in a restricted area on Jl. Sisingamangaraja in South Jakarta.

Ex-bankers given deadline to surrender more assets

Ex-bankers given deadline to surrender more assets JAKARTA (JP): The government has given the country's prominent former bank owners until Wednesday to agree to surrender more assets and provide personal guarantees to the Indonesian Bank Restructuring Agency (IBRA) to ensure full settlement of their obligations. Coordinating Minister for the Economy Rizal Ramli said late on Friday that the ex-bank owners would risk legal sanctions if they failed to meet the government's demand.

'Rockestra' concert adds new dimension to music

'Rockestra' concert adds new dimension to music By Helly Minarti JAKARTA (JP): Three super rock groups were given the same chance: forty five minutes onstage, an orchestra of 85 musicians and Erwin Gutawa, the arranger with the special touch who developed the idea. Titled Rockestra, the event was staged at a glitzy venue, the Plenary Hall of the Jakarta Convention Center, and was packed with teenagers -- sometimes accompanied by their elders -- who spent Rp 80,000 to Rp 175,000 on a ticket.

PBSI not to expel Taufik, says executive director

PBSI not to expel Taufik, says executive director JAKARTA (JP): The Badminton Association of Indonesia (PBSI) executive director, Karsono, gave his word on Friday that the association would not expel its men's singles player Taufik Hidayat from the Indonesian Badminton Center after the young shuttler's controversial statement last week. Karsono, who also chairs the clarification team for Taufik's statement, told reporters that the association preferred to solve the problem in a harmonious way.

Decision on Chandra Asri debt delayed

Decision on Chandra Asri debt delayed JAKARTA (JP): The government has delayed taking the final decision on the high profile debt restructuring of petrochemical company PT Chandra Asri. Chairman of the Indonesian Bank Restructuring Agency (IBRA) Edwin Gerungan said late on Friday that because of the complexity of the case, the Financial Sector Policy Committee (FSPC) needed another week to make a decision.

Thais ensure semis berth after beating Indonesia 4-1

Thais ensure semis berth after beating Indonesia 4-1 JAKARTA (Agencies): Indonesia narrowed its chance for a semifinal ticket following a 1-4 defeat over Southeast Asian soccer powerhouse Thailand in its second encounter in the Tiger Cup soccer match in Chiang Mai, Thailand, on Friday. Indonesia has to overcome Myanmar in its last match on Sunday should it wish to join the host into the final four.

Estrada says he was too busy to report bribe attempt

Estrada says he was too busy to report bribe attempt MANILA (Reuters): Philippine President Joseph Estrada said on Friday he did not report attempts by a former ally to bribe him with millions of dollars because he was too busy. He told foreign correspondents that provincial governor Luis Singson, an old friend who was also a gambling buddy, was part of the illegal lottery syndicate which tried to bribe him.

Rating on Daya Guna's $225m notes downgraded

Rating on Daya Guna's $225m notes downgraded JAKARTA (AFP): Moody's Investors' Service on Friday downgraded US$225 million of guaranteed notes issued by Indonesian fishing giant PT Daya Guna Samudra (DGS), citing crippling disruptions to its operations from the religious conflict in the Maluku islands. Moody's said the downgrade of the notes due this year from Caa1 to Ca, was accompanied by the withdrawal of its rating.

Livoli to kick off in Senayan next week: Officials

Livoli to kick off in Senayan next week: Officials JAKARTA (JP): The Indonesian Volleyball Association (PBVSI) will stage the second leg of the Samator 2000 Indonesian Volleyball League (Livoli) in the Senayan Basketball Hall next week, officials revealed on Friday. Samator club of Semarang and Petrogres club of Gresik, East Java, currently the top men's and women's division with 12 points each after the first series which was held in Surabaya from Oct. 8 until Oct. 14.

'The Cup' sees no escape from modernization

'The Cup' sees no escape from modernization By Hartoyo Pratiknyo JAKARTA (JP): In the yard of a remote little Buddhist monastery of Tibetan refugees in the Himalaya foothills in Bhutan, monks in crimson robes are busy playing soccer with an empty Coca-Cola can. Soccer graffiti is scribbled on the monastery walls and pictures of World Cup soccer stars are plastered on the wall of one the rooms inside the monastery. Buddhist monks? Playing soccer? Using a Coca-Cola can?

Asia-Pacific nations split on free trade

Asia-Pacific nations split on free trade BANDAR SERI BEGAWAN (Reuters): Pacific Rim countries struggled on Friday to agree a common platform on global free trade talks ahead of a summit of the region's leaders next week. The United States, Canada and New Zealand all pressed for the 21-member Asia-Pacific Economic Cooperation (APEC) forum to agree dates next year for negotiations under the auspices of the World Trade Organization (WTO), officials said.

S'pore, India eye free trade pact

S'pore, India eye free trade pact SINGAPORE (Reuters): Singapore and India agreed on Friday to study the possibility of a bilateral free trade agreement (FTA) as part of efforts to forge closer economic ties. Singapore is a keen advocate of FTAs to keep up the momentum of trade liberalization. It is due to sign a market-opening pact with New Zealand next week, is in FTA negotiations with Mexico and is due to start talks with Japan in January. A bilateral FTA is an ambitious goal.

Law enforcers come under fire over fugitive Tommy

Law enforcers come under fire over fugitive Tommy JAKARTA (JP): Police and state prosecutors came under fire on Friday for failing to arrest Hutomo "Tommy" Mandala Putra who has been convicted in a Rp 76.7 billion corruption case. The so far unsuccessful hunt for the youngest son of former president Soeharto, who has been declared a fugitive, prompted human rights activist Frans Hendra Winata to question the authorities' ability in dealing with the high-profile case.

800 landslides over the past 10 years

800 landslides over the past 10 years BANDUNG (JP): As many as 800 landslides have taken place across the archipelago over the past decade, killing at least 735 people, data collected by the directorate of geology and environment at the Ministry of Mine and Energy showed. The head of the natural disaster office at the directorate, Sutikno, told The Jakarta Post on Thursday that the death toll did not include the 51 victims of the recent landslides in Purworejo, Central Java.

Utut plays well but RI bows out to Belarus

Utut plays well but RI bows out to Belarus JAKARTA (JP): Indonesian Grand Master Utut Adianto played outstandingly against Belarus in the 12th round of the 34th Chess Olympiad in Istanbul on Thursday. Unfortunately, his result did not help the country's overall ranking as it dropped to 59th place from 45th on Wednesday after losing 1.0-3.0 Victory Points (VPs).

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Mask: Sartoris' Masks in the Commedia dell'Arte, at Museum Nasional Jakarta, Jl. Medan Merdeka Barat 12, Central Jakarta (Phone: 3868172), daily except Monday, until Nov. 27. * Art Oltre la Visione, a Touch of Italian Contemporary Art, the Istituto Italiano di Cultura, Jl. Cokroaminoto 117, Central Jakarta (Phone: 3927531), Monday to Friday, 9 a.m. to 1 p.m., until Nov. 17. * Fine Arts: Kriya Seni 2000, Galeri Nasional Indonesia (the National Gallery), Jl.

Rizal against PLN proposal to bailout US$2.36b debt

Rizal against PLN proposal to bailout US$2.36b debt JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli said on Friday that he would reject a proposal by state owned electricity company PT PLN to bailout its debts of Rp 21.5 trillion (US$2.36 billion). Rizal described PLN's debt-to-equity swap proposal as inappropriate because it might set a precedent for other state companies.

RI warned of losing local languages

RI warned of losing local languages JAKARTA (JP): Regional autonomy, which will take effect in January, should provide a base for efforts to foster the use of the country's surviving 706 local languages, a linguist said on Friday. In his address to scholars and students attending his inauguration as a professor at Atma Jaya University, Bambang Kaswanti Purwo suggested that the country learn from the world, which has lost some 4,000 out of 7,000 languages in the past decade alone.

Rupiah Rates Nov.10

Rupiah Rates Nov.10 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Indonesian bonds gain popularity

Indonesian bonds gain popularity SINGAPORE (Dow Jones): Spreads on Asian benchmark bonds were mixed this week, with longer-dated Philippine government paper surrendering some of the gains made in last week's rally. Spreads on many issues across the region were unchanged. The best performers were Indonesian and South Korean sovereign debt, which saw spreads over yields of comparable U.S. Treasurys narrow modestly. The Philippine bond of 2019 was hit by a wave of selling late in the week.

Pura denies collusion reports

Pura denies collusion reports KUDUS, Central Java (JP): Paper printing, processing and engineering business Pura Group denied media reports that it had colluded with officials of Bank Indonesia and the state-owned money printing company PT Peruri in winning the US$7 million contract to supply banknote paper to the money printing firm.

Pemda's actions in Bandung

Pemda's actions in Bandung My Sundanese family never received any kind of assistance from the regional authority (Pemda) in Bandung, and neither in Tasikmalaya, West Java. Since we arrived in Belgium in January 2000, Pemda removed my in-laws from their kiosk on Jl. Soekarno- Hatta in front of Makro. They and many other street vendors along that main road were simply removed without any compensation. Since July, they have slowly built up a business near Jl.

No religion without humanism

No religion without humanism By Franz Magnis-Suseno SJ JAKARTA (JP): Religious people like to be suspicious of humanism. For them, it smells of trying to center on humanity instead of God. Sometimes, a distinction is made between two kinds of humanism: Religious humanism, which is the good humanism, and secular humanism, which is the bad one. Thus religious humanism is OK, while secular humanism is not.

Protesting street vendors lower flag

Protesting street vendors lower flag BOGOR (JP): The protest staged by some 200 street vendors in front of the Bogor mayoralty office on Friday turned into a heated argument with the office staff after some of the angry traders lowered the national red and white flag hoisted at the mayoralty office yard. However no clashes occurred as the protesters, who were demanding the authorities allow them to resume their businesses at the Bogor market, agreed to raise the flag again.

Governor hesitant about nightspots

Governor hesitant about nightspots JAKARTA (JP): Governor Sutiyoso on Friday admitted that he was hesitant about his decision to allow nightspots in the capital to stay open during the fasting month. "Many people seem against my decision. Some councillors demanded a whole-month's closure while certain groups threatened to raid the nightspots during the fasting month," Sutiyoso said during a dialog with ulemas in South Jakarta.

Hunt for fugitive Tommy intensifies

Hunt for fugitive Tommy intensifies JAKARTA (JP): After asking the help of Interpol to put the name of Hutomo "Tommy" Mandala Putra on their worldwide list of wanted people, the police have widened their search for the nation's most wanted fugitive by combing several additional sites outside of the capital Jakarta.

RI hopes remain in World Junior C'ships

RI hopes remain in World Junior C'ships JAKARTA (JP): Indonesia's hopes of seeing its shuttlers in the semifinals of the World Badminton Junior Championships for the Bimantara Cups in Guangzhou, China, remains as boys singles Sony Dwi Kuncoro survived his way to Saturday's semis. Other Indonesian semifinalists are among the boys doubles and mixed doubles. Host China ensured a title in the girls doubles as it created an all-Chinese semifinals.

Huang families to gather at Taman Mini

Huang families to gather at Taman Mini By Oei Eng Goan JAKARTA (JP): The Indonesian Huang Foundation will host the two-day World Huang Family Congress 2000 beginning Saturday at Taman Mini Indonesia. In addition to Huang families from all across the archipelago, many Huang from abroad are expected to attend, giving the country's ailing tourism industry a boost. Huang is a Chinese character and surname literally meaning yellow.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 TV Series: Labyrinth 9:00 Interval 2:00 p.m. News 2:30 Cartoon 3:00 Music 4:00 News 4:30 Music 5:30 TVRI News 6:30 Music 7:00 Evening News 7:30 Basketball 8:30 Quiz 9:00 News 9:30 Film 10:30 News Program 2 5:30 p.m. TVRI News 6:00 Music 7:00 Evening News 7:30 TV Drama 8:00 City News 8:30 Documentary TPI 5:30 a.m.