Indonesian Political, Business & Finance News

Archive: 14 November 2000

71 articles found

Govt approves PT Timor Putra debt restructuring

Govt approves PT Timor Putra debt restructuring JAKARTA (JP): The government has approved the debt restructuring of automaker PT Timor Putra Nasional (TPN), allowing the company to continue its Timor national car project in a joint venture with South Korean Kia Motors Corporation.

Disputes cause drop in Caltex oil production

Disputes cause drop in Caltex oil production JAKARTA (JP): Continued disputes with locals have caused crude oil output of the country's largest oil producer PT Caltex Pacific Indonesia in Riau province to drop by an average of 30,000 barrels of oil per day (bpd), the company said on Monday.

KL authorities raid pro-opposition publisher

KL authorities raid pro-opposition publisher KUALA LUMPUR (AP): Malaysian authorities raided the newsroom of a pro-opposition publishing firm and confiscated hundreds of copies of a tabloid that the government has declared illegal, an editor said on Monday.

Bogor nightspots told to close for Ramadhan

Bogor nightspots told to close for Ramadhan BOGOR (JP): The Bogor administration called on the management of local entertainment centers to cease operations from Nov. 24 to Dec. 30 to allow Muslims to perform their religious duties in peace, an official said on Monday.

House names seven candidates for chief justice

House names seven candidates for chief justice JAKARTA (JP): The House of Representatives announced on Monday the names of seven candidates for Supreme Court chief justice, including President Abdurrahman Wahid's preference, former judge Benjamin Mangkoedilaga.

Gus Dur and Amien Rais must meet

Gus Dur and Amien Rais must meetFrom RepublikaIt's time now for Kyai Hasyim Muzadi, chairman of Nahdlatul Ulama (NU) and Prof. Syafii Maarif (Muhammadiyah's chairman) to invite President Abdurraman Wahid (or Gus Dur) and Amien Rais for a get-together.

Analysts upbeat about SE Asian bourses

Analysts upbeat about SE Asian bourses SINGAPORE (Dow Jones): While there is a sea of red across Southeast Asian stock indexes Monday after sharp falls Friday on Wall Street, technical analysis suggests there may soon be reason for optimism on some regional bourses.

Trial begins for ex-Aspac director

Trial begins for ex-Aspac director JAKARTA (JP): The South Jakarta District Court initiated on Monday the corruption trial of the former director of credit at Bank Aspac.The charges involved the misallocation of Rp 583.4 billion (US$63.

Champs Yuso beaten in Livoli opener

Champs Yuso beaten in Livoli opener JAKARTA (JP): Defending champion Yuso club of Yogyakarta was dramatically beaten in both the men's and women's divisions on the first day of the second leg of the Samator 2000 Indonesian Volleyball League (Livoli) on Monday at the Senayan Basketball Stadium,...

Bank Mandiri to go public in fourth quarter of 2001

Bank Mandiri to go public in fourth quarter of 2001 JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli said the government was currently making preparations to privatize state Bank Mandiri through an initial public offering (IPO) some time in the fourth quarter of next year.

PGN expects lower profit

PGN expects lower profit JAKARTA (JP): State-owned gas company PT Perusahaan Gas Negara (PGN) estimates a 29 percent decrease in its net profits to Rp 287 billion (US$31.9 million) this year from Rp 407 billion in 1999.

Soeharto goes into deep relapse: Aide

Soeharto goes into deep relapse: Aide JAKARTA (JP): Doctors and family members gathered around former president Soeharto's bedside on Monday when he went into a deep relapse prompting fears of a worsening health condition.

Security forces at fault in Aceh

Security forces at fault in Aceh Dozens have been killed in various spots in the troubled province of Aceh during two days of pro-independence rallies in the capital Banda Aceh. The assembly ended peacefully last Saturday.

Popular participation in Tommy's manhunt

Popular participation in Tommy's manhunt JAKARTA (JP): The manhunt for fugitive Hutomo 'Tommy' Mandala Putra, convicted in a land scam, has led many parties to take part, either seriously or jokingly, in the search.

PAL to resume Jakarta flights

PAL to resume Jakarta flights MANILA (Dow Jones): Philippine Airlines Inc said Monday it will resume Dec. 2 flights from Manila to Jakarta that were suspended two and a half years ago.PAL said the service will operate four times a week via Singapore.

Rupiah Rates Nov.13

Rupiah Rates Nov.13 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,760.00 9,760.00 9,214.00 9,306.00Australian dollar 1 4,555.20 5,080.08 4,791.28 4,843.77Austrian schilling 1 549.08 612.11 577.54 583.64Belgian franc 1 187.30 208.80 197.00 199.

Subardi wins President Cup

Subardi wins President Cup SEMARANG (JP): Subardi of Semarang won the President Cup national marathon championship in Wonogiri, about 220 kilometers southeast of here.Subardi clocked a winning time of two hours, 37 minutes and 44.67 seconds in Sunday's race.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 Music 9:00 Interval 12:00 p.m. Interval 2:00 News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Talk Show 5:30 TVRI News 6:00 Sports 6:30 Music 7:00 Evening News 7:30 TV Drama 8:00 Talk Show 9:00 News 9:30 TV...

Questions raised over Nandar's absence in Tiger Cup tourney

Questions raised over Nandar's absence in Tiger Cup tourney JAKARTA (JP): The Soccer Association of Indonesia's (PSSI) official in charge of athletes development Nurdin Halid and national team manager Muhammad Zein agreed to discharge coach Nandar Iskandar from the team on Sunday evening, after...

Silat fails to make Asian Games debut

Silat fails to make Asian Games debut JAKARTA (JP): With Doha being named to host the 2006 Asian Games, the Indonesian traditional martial art of pencak silat has seen its chance of being included in the quadrennial event crushed."This is truly very sad news for us; I may call it a day of mourning.

Activists may face legal charges

Activists may face legal charges BOGOR (JP): The six activists who allegedly lowered the national flag during a recent protest by market vendors in front of the Bogor municipality building maybe charged with contempt, an official said on Monday.

Gus Dur's legitimacy

Gus Dur's legitimacy Should Republican Texas Governor George W. Bush win the U.S. presidential election, he will be in the same predicament that Indonesian President Abdurrahman Wahid has been in this past year.

Kramat Tunggak buildings slated to be demolished

Kramat Tunggak buildings slated to be demolished JAKARTA (JP): A North Jakarta Mayoralty official said on Monday that the administration would demolish any buildings on the former Kramat Tunggak red light district in North Jakarta, soon after it settles the compensation for the appropriation of the...

Landslide causes Rp 20b in losses

Landslide causes Rp 20b in losses CILACAP, Central Java: Material losses from the previous landslides in six districts have reached more than Rp 20 billion, spokesman for the local administration Gatot Arif told The Jakarta Post on Monday.

Dismissal urged for police chief

Dismissal urged for police chief MAKASSAR, South Sulawesi: The United Bone Student and Youths Board (DPP-Kepmi) urged on Monday the dismissal of Bone Police chief Supt. Dedi Fauzi following a recent brawl between locals that killed at least two people."South Sulawesi Police chief (Insp. Gen.

Where to go in Bandung:

Where to go in Bandung:Exhibition* Fine Arts Exhibition, Liyan by Nindityo Adipurnomo, at Selasar Seni Sunaryo, Jl. Bukit Pakar Timur no. 100 (Phone: 022 2507939), until Dec. 3.Performances* Theater, Kursus Istri Teladan, Teater Alibi Bandung, Gedung Kesenian Rumentang Siang, Jl.

Plantations complain of rampant theft

Plantations complain of rampant theft JAKARTA (JP): State-owned plantation companies complained to the House of Representatives here on Monday that lootings had caused them hundreds of millions of dollars in losses and warned that if those responsible were not stopped, the companies might have to...

PBSI to call Taufik's coach on statement

PBSI to call Taufik's coach on statement JAKARTA (JP): The Badminton Association of Indonesia (PBSI) clarification team will call Taufik Hidayat's coach, Mulyo Handoyo, to attend a hearing on Wednesday due to Taufik's statements two weeks ago.

Rupiah lower on political concerns

Rupiah lower on political concerns JAKARTA (Dow Jones): The Indonesian rupiah closed lower Monday amid investor concern over growing political opposition to President Abdurrahman Wahid and security threats, traders said.

Palm oil plantations urged to help farmers

Palm oil plantations urged to help farmers JAKARTA (JP): In an attempt to stop the theft of fresh palm oil bunches in the region, House of Representatives Commission IX for finance and industry called on state-owned palm oil plantations (PTPN) in Sumatra to establish social development programs for...

Nightspot owners say they will fight back

Nightspot owners say they will fight back JAKARTA (JP): Nightspot owners pledged on Monday to get tough, saying they would hire 1,000 private guards to combat the spate of attacks by radical religious groups.

Legal course sought over IPPs

Legal course sought over IPPs JAKARTA (JP): The government might seek a court solution as an option to end disputes with independent power producers (IPPs) if the latter declined to show goodwill in reducing power prices, Coordinating Minister for the Economy Rizal Ramli said on Monday.

Kalimantan asks TNI for help

Kalimantan asks TNI for help BANJARMASIN, South Kalimantan: City administrations in Kalimantan have urged the Indonesian Military (TNI) to send a rapid deployment force to the province in anticipation of unrest.

Indonesia sweetens oil terms to lure investors

Indonesia sweetens oil terms to lure investors VIENNA (Reuters): Indonesia hopes to lure fresh interest from foreign investors to its mature upstream oil and gas sector by sweetening exploration terms, Energy and Mines Minister Purnomo Yusgiantoro said on Sunday.

Council to look after small-scale traders

Council to look after small-scale traders JAKARTA (JP): The City Council reminded officials that its members would directly supervise the implementation of the imminent new bylaw on privately-owned shopping centers which will take effect in January next year, a councillor said on Monday.

Detonator, timer found at Medan bomb blast site

Detonator, timer found at Medan bomb blast site MEDAN, North Sumatra (JP): A damaged detonator and timer along with other objects related to a homemade bomb were found by Medan Police at the bomb site on Jl. Syailendra on Monday, head of Medan Police Laboratory Supt. Anto Sugiarto said.

Dairi farmers struggle to keep 'kemenyan' tradition

Dairi farmers struggle to keep 'kemenyan' traditionBy Benget Simbolon Tnb. JAKARTA (JP): Kemenyan, incense from a plant that is locally known as kemenjen in North Sumatra, is more than a source of income for Dairi people.

Review price increase of LPG

Review price increase of LPGFrom Bisnis IndonesiaIn the last few days consumers in a number of cities across the country have experienced the soaring price of LPG (liquefied petroleum gas) from Rp 18,000 per bottle to Rp 23,000 - Rp 25,000 per bottle.

Rates for tax payment, valid from Nov. 13 to Nov. 19

Rates for tax payment, valid from Nov. 13 to Nov. 19 U.S. dollar 1 Rp 9,160.00Austrian schilling 1 569.55Australian dollar 1 4,823.66Belgian franc 1 194.28Canadian dollar 1 5,913.05Swiss franc 1 5,008.49Deutschemark 1 4,009.45Danish krone 1 1,059.14French franc 1 1,194.78Poundsterling 1 13,039.

Blind people seek protection

Blind people seek protection BANDUNG (JP): A dozen blind people, who are being trained at the Agricultural Training Center for the Blind in Cisarua Lembang, West Java, have approached the legislative council over intimidation by residents living around the training center.

Decentralization in the health sector?

Decentralization in the health sector?By Rita A. Widiadana JAKARTA (JP): Decentralization is a hot topic in the health sector. It is relieving for many but others welcome it rather pessimistically.In the national congress on epidemiology, organized jointly by the National Epidemiology Network (JEN)...

Al-Zaytun center greens arid land with teak trees

Al-Zaytun center greens arid land with teak treesBy Yusran Edo Fauzi INDRAMAYU, West Java (JP): Within two years, arid land covered with long dry grass in Indramayu regency, West Java has been transformed into a golden teak forest with Saudi Arabian date palms, Jordanian olive and tiin trees by the...

OPEC freezes oil output, sees prices easing

OPEC freezes oil output, sees prices easing VIENNA (Reuters): OPEC on Monday ratified an agreement on unchanged export quotas that at first sight appears to do little to soothe consumer concerns over high fuel bills this winter.

Issues of minority Malay are Singapore's issues

Issues of minority Malay are Singapore's issuesBy Asad Latif SINGAPORE: If there is one face that symbolizes the Malay Singaporean, it is the face of a boy I saw some years ago. He was returning home from his weekly religious lessons.

Project launched for conservation ahead of regional autonomy plan

Project launched for conservation ahead of regional autonomy plan JAKARTA (JP): A pilot project on protecting the environment ahead of the enactment of regional autonomy has been launched in three West Java regencies -- Kuningan, Majalengka and Cirebon.

2001 City Budget aims to improve general condition

2001 City Budget aims to improve general condition JAKARTA (JP): In anticipation of an upturn in the economy, the city administration is predicting revenues of up to Rp 7 trillion (US$750 million), mostly from tax and retribution, for the 2001 City Budget.

Fresh violence kills two soldiers

Fresh violence kills two soldiers BANDA ACEH, Aceh (JP): It was business as usual after last weekend's peaceful rally when two military soldiers were killed and a police officer injured during the latest outbreak of violence in strife-torn Aceh, a police officer said on Monday.

Fishing firms lack fuel

Fishing firms lack fuel JAKARTA (JP): Many fishing boats on Aru and Kei islands, Maluku province, have been grounded due to a decrease in diesel oil supplied by state oil company Pertamina.Ronny Sikap Sinuraya, a commissioner of fishing company PT Daya Guna Samudera (DGS) at Benjina, southeastern...

Students protest attack on seminar

Students protest attack on seminar YOGYAKARTA: Representatives of 50 student groups and non- governmental organizations here urged Governor Hamengkubuwono X on Monday to take stern measures against members of a Muslim group who raided an AIDS discussion on Saturday night.

SAARC dumps early summit amid Indo-Pak tensions

SAARC dumps early summit amid Indo-Pak tensions COLOMBO (AFP): Bilateral bickering between India and Pakistan is holding up a summit of a seven-nation regional grouping which is already a year overdue, Sri Lanka's foreign minister said on Monday.

RI men tie, women win in Istanbul

RI men tie, women win in Istanbul JAKARTA (JP): Indonesia men chess players only managed a draw, but the women won in their final matches Sunday at the 34th Chess Olympiad in Istanbul.Playing without Grand Master (GM) Utut Adianto, whose elo rating is 2571, the men's team had to offer a 2.0-2.

Tourists canceling trips to Yogyakarta

Tourists canceling trips to Yogyakarta YOGYAKARTA (JP): Several travel agencies in Europe and the United States have canceled their clients' planned trips to Yogyakarta following an anti-American sweep in the neighboring town of Surakarta recently, a local tourist organization said on Monday.

'Opposition is unconstitutional'

'Opposition is unconstitutional' JAKARTA (JP): President Abdurrahman Wahid called on the nation on Monday to stick to the Constitution amid growing demands for his resignation.Speaking on the sidelines of the Organization of Islamic Countries (OIC) summit in Doha, the President said he was not...

S.Korea to lead APEC in 2005

S.Korea to lead APEC in 2005 BANDAR SERI BEGAWAN (Dow Jones): The Asia-Pacific Economic Cooperation forum said Monday in a press release that the Republic of Korea would host the group's 17th summit, in 2005.The next meeting, in 2002 will be in Shanghai, to be followed by Thailand and Chile.

Anwar hospitalized for back pain

Anwar hospitalized for back pain KUALA LUMPUR (AFP): Jailed former Malaysian deputy premier Anwar Ibrahim is receiving out-patient hospital treatment for severe back pain, one of his lawyers said on Monday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 13, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,275 100 1,009,000 Adindo Foresta Indonesia 110 -10 675,500 Alakasa Industrindo 350 0 0 Alfa...

House mulls review of nicotine and tar limits

House mulls review of nicotine and tar limits JAKARTA (JP): The House of Representatives proposed on Monday the establishment of a special team to review the government's restriction on nicotine and tar content in clove cigarettes.

Saving orangutans not an easy job

Saving orangutans not an easy jobBy Carola Frentzen BOHOROK, North Sumatra (DPA): Branches crack, leaves fall and among the treetops, red-haired tufts can been seen moving. It's Minah, a female orangutan, climbing through the thick jungle flora.She is enormous, agile and very noisy.

City Council removes protesting squatters

City Council removes protesting squatters JAKARTA (JP): Some 60 protesters, who had stayed in the City Council compound on Jl.Kebon Sirih, Central Jakarta since Monday, have been finally removed by authorities to the city-owned Kedoya rehabilitation center in West Jakarta.

Dot-com group plans 1,000 Net kiosks

Dot-com group plans 1,000 Net kiosks JAKARTA (JP): PT Pointers Indonesia, a subsidiary of publicly listed PT Myohdotcom Indonesia, said on Monday that it plans to build 1,000 Internet kiosks throughout Indonesia next year.

Fund management firms expect brisk business next year

Fund management firms expect brisk business next year JAKARTA (JP): Fund management companies expect a brisk business next year as more people have now turned to their services to invest their money, a senior executive of an asset management company said here on Monday.

Sampoerna may withdraw Indomarco takeover bid

Sampoerna may withdraw Indomarco takeover bid JAKARTA (JP): Publicly cigarette listed company PT Hanjaya Mandala Sampoerna will withdraw a plan to buy a majority stake in retail operator PT Indomarco Pristama if the Indonesian Bank Restructuring Agency (IBRA) fails to give a response by Wednesday,...

Indonesia's naval force below standard: Admiral

Indonesia's naval force below standard: Admiral JAKARTA (JP): Indonesia could face serious security and defense problems in the next five years due to a shortage of warships and Navy personnel, Navy Chief Admiral Indroko Sastrowiryono said on Monday.

Team formed to probe Tanjung Priok killings

Team formed to probe Tanjung Priok killings JAKARTA (JP): Attorney General Marzuki Darusman established on Monday a team of state prosecutors to investigate the 1984 Tanjung Priok human rights abuse in North Jakarta.

Traffic comes to a halt on capital's streets

Traffic comes to a halt on capital's streets JAKARTA (JP): The capital saw thousands of disgruntled motorists and commuters on Monday afternoon as the city was trapped in a severe traffic jam due to the street blockade by student protesters, who strongly demanded the re-investigation of the death...

Asia sticks to nuclear energy amid public fears

Asia sticks to nuclear energy amid public fears BANGKOK (AFP): Asian nations said on Monday they were committed to developing more nuclear power plants but admitted they would have to overcome public fears surrounding the risks of atomic energy.

Don't be sarcastic!

Don't be sarcastic! I am responding to Mr. Mark Riddett's letter to The Jakarta Post of Nov. 10 edition, titled Income tax for expatriates.The issue to impose 35 percent income tax to expatriates to me is ridiculous.

Market brawl leaves 16 injured

Market brawl leaves 16 injured JAYAPURA, Irian Jaya: Clashes in the Abepura traditional market have left 16 people severely injured as of Monday, Antara reported.The news agency did not identify the victims, but said they had suffered stab wounds.

Gus Dur promotes democracy

Gus Dur promotes democracyFrom Media IndonesiaPresident Abdurrahman Wahid, "Gus Dur", is the pioneer of democracy in Indonesia. Thanks to him people can talk freely and express their opinions freely. Democracy exists, even to the extent that there is too much of it.

Reform movement 'has borne no fruit'

Reform movement 'has borne no fruit' JAKARTA (JP): It has been more than a year since the repressive New Order regime was replaced by a more democratic government, but it has hardly made any progress a noted lawyer said over the weekend.

Dossiers of 14 suspects in E. Timor done

Dossiers of 14 suspects in E. Timor done JAKARTA (JP): Attorney General Marzuki Darusman said on Monday that the team investigating the human rights abuses in East Timor last year had completed the dossiers on 14 of 23 suspects in the case.