Indonesian Political, Business & Finance News

Archive: 15 November 2000

46 articles found

Analyst sees shadow over Asian economies

Analyst sees shadow over Asian economies BANDAR SERI BEGAWAN (Reuters): High oil prices, political upheaval and sliding global electronics prices will drag down Asian economic growth next year, a senior Goldman Sachs official said on Tuesday.Kenneth Courtis, vice-chairman Asia for the U.S.

UN envoys meet East Timorese refugees

UN envoys meet East Timorese refugees KUPANG, East Nusa Tenggara (JP): A delegation sent by the United Nations Security Council met and held talks on Tuesday with East Timorese refugees in Indonesia's province of East Nusa Tenggara.

NU's stance

NU's stanceFrom RepublikaAllow me to comment on the statement made by the chairman of the executive board of Nahdlatul Ulama (NU), KH Hasyim Muzadi, in Surabaya that the board of NU rejected the replacement of the President without a general election.

Teti files lawsuit against House

Teti files lawsuit against House JAKARTA (JP): Teti Nursetiati, wife of suspect of the Rp 35 billion (US$3.8 million) State Logistics Agency (Bulog) scandal, Alip Agung Suwondo, filed a lawsuit against House of Representatives Speaker Akbar Tandjung and the House's special committee on Tuesday.

Rupiah Rates Nov.14

Rupiah Rates Nov.14 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,795.00 9,795.00 9,249.00 9,341.00Australian dollar 1 4,586.59 5,112.99 4,823.35 4,876.00Austrian schilling 1 549.10 611.89 577.44 583.53Belgian franc 1 187.30 208.72 196.97 199.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 14, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,475 200 1,161,000 Adindo Foresta Indonesia 115 5 52,500 Alakasa Industrindo 350 0 0 Alfa...

BEI to directly channel Japanese loans to exporters

BEI to directly channel Japanese loans to exporters JAKARTA (JP): Bank Expor Indonesia (BEI) said on Tuesday the government had amended a US$1-billion loan agreement with Japan to allow it to channel the money directly to exporters.

U.S. steelmakers file lawsuit

U.S. steelmakers file lawsuit WASHINGTON (AFX): Nine U.S. steel companies have filed trade complaints against 11 countries claiming a surge in unfairly priced imports.The complaints, filed with the Commerce Department, target imports of hot-rolled carbon steel from Argentina, China, India,...

Is it difficult to nab Tommy?

Is it difficult to nab Tommy?From Mimbar UmmatIt defies logic that our police and security apparatuses have found it difficult to arrest Tommy Soeharto. Searches conducted at his house and at the houses of family are ridiculous. Few bet that Tommy could be found there.

Workers protest low wages

Workers protest low wages MAKASSAR, South Sulawesi: Thousands of workers from various unions in South Sulawesi officially refused on Tuesday the Regional Wage Council's decision on monthly minimum wages of Rp 275,000 for new workers effective next year.

Piracy could weaken E. Asia's economic miracle

Piracy could weaken E. Asia's economic miracle KUALA LUMPUR (AFP): Rampant piracy in East Asian waters -- often organized by international syndicates -- could undermine the region's economic development, an expert warned on Tuesday.

Oil rises as U.S. faces winter without OPEC boost

Oil rises as U.S. faces winter without OPEC boost SINGAPORE (Reuters): Oil prices climbed in Asia on Tuesday as OPEC held production steady and the world's top consumer, the United States, faced the prospect of colder weather with thin stocks.

APTINDO calls for standard wheat flour

APTINDO calls for standard wheat flour JAKARTA (JP): The Association of Indonesian Flour Producers (APTINDO) called on the government on Tuesday to introduce an industrial standard for the production of wheat flour in the country.

Sultan set to help S. Korea's Hyundai

Sultan set to help S. Korea's Hyundai SEOUL (Reuters): The Sultan of Brunei has agreed to help out troubled Hyundai Engineering & Construction at the request of visiting South Korean President Kim Dae-jung, a presidential spokesman said on Tuesday.

Ex-Bakin chief grilled over July 27 incident

Ex-Bakin chief grilled over July 27 incident JAKARTA (JP): Former chief of the State Intelligence Coordinating Board (Bakin) Moetojib denied on Tuesday that a ministerial meeting which had been held on July 1996 had planned a violent takeover of the Indonesian Democratic Party (PDI) headquarters...

RI agrees to buy power plant: Hopewell

RI agrees to buy power plant: Hopewell HONG KONG (Bloomberg): Hopewell Holdings Ltd. Chairman Gordon Wu said the Indonesian government agreed to buy an unfinished power plant for $200 million, giving it money to repay debt and invest in China.Hopewell wrote off $1.

DLLAJ beats DPPK in Livoli

DLLAJ beats DPPK in Livoli JAKARTA (JP): Bandung-based DLLAJ club had to work hard before defeating DPPK of Jakarta in the second day of the second leg of the 2000 Samator Indonesian Volleyball League (Livoli) on Tuesday at the Senayan Basketball Hall, Central Jakarta.

Doulos Foundation permit questioned

Doulos Foundation permit questioned JAKARTA (JP): Authorities will not allow reconstruction of the Christian-run Doulos Foundation complex in Cipayung, East Jakarta, which was destroyed by a mob last year, unless the foundation pays a fine of Rp 2 billion (US$215,000) for land misuse, a city...

Wishful thinking vs debt crisis

Wishful thinking vs debt crisis This is the first of two articles on Indonesian debt by Juergen Kaiser, campaign coordinator of Erlassjahr 2000, the German Jubilee 2000 campaign, an international civil society initiative for debt cancellation and the reform of international debt negotiation...

National soccer coach Nandar rebuts charges

National soccer coach Nandar rebuts charges JAKARTA (JP): National team coach Nandar Iskandar refuted the accusations that caused his expulsion from the Indonesia squad during the Tiger Cup round-robin matches in Chiang Mai, Thailand.

Trial adjourned after judge overwhelmed by arguments

Trial adjourned after judge overwhelmed by arguments JAKARTA (JP): A judge adjourned on Tuesday the trial of 36 protesters who failed to show their identification cards for Jakarta (KTP) after the first defendant became involved in an argument with the judge.

Authorities told spend prudently

Authorities told spend prudently JAKARTA (JP): Councillors urged the city administration on Tuesday to spend prudently in the 2001 fiscal year over a prediction of an increase in the city budget.The councillors also asked the city administration to pay more attention to poor people, citing that a...

Astra's operating profit rises 76%

Astra's operating profit rises 76% JAKARTA (JP): PT Astra International more than doubled its net operating revenues to Rp 20.2 trillion (US$2.2 billion at the current exchange rate) in the first nine months of this year from a year earlier and posted a 76 percent increase in its operating profit...

Peso up on Estrada news as rupiah falls

Peso up on Estrada news as rupiah falls SINGAPORE (Dow Jones): The Philippine peso strengthened modestly on Tuesday in the wake of President Joseph Estrada's impeachment, reflecting the view of investors that a change of leadership would be good for the Philippine economy.

Papua council leaders to go on trial soon

Papua council leaders to go on trial soon JAKARTA (JP): Papua Presidium Council (PDP) chief Theys Hiyo Eluay and six other PDP leaders will soon be tried for alleged separatist activities, Irian Jaya Police chief Brig. Gen. Sylvanus Yulian Wenas said on Tuesday.

Jakarta to buy new buses from Texmaco

Jakarta to buy new buses from Texmaco JAKARTA (JP): The city administration will purchase buses produced by problem-plagued company PT Texmaco upon request of the central government, Governor Sutiyoso disclosed on Tuesday.

Silat still recognized as an Asian sport

Silat still recognized as an Asian sport JAKARTA (JP): Indonesia's desire to see its traditional martial arts, pencak silat, featured in the Asian Games (Asiad) received encouragement from Indonesian Pencak Silat Association (IPSI) official in charge of foreign affairs Oyong Karmayudha on Tuesday.

Govt seeks fare hike for Idul Fitri buses

Govt seeks fare hike for Idul Fitri buses JAKARTA (JP): The government will propose a 35 percent increase in intercity bus fares for one week both before and after the Idul Fitri holiday to anticipate the traditional exodus from major urban centers.

Village objects to homeless camp

Village objects to homeless camp BOGOR (JP): Hundreds of homeless people have taken up residence in Kampung Tegal Lega in Ciheuleut Bawah village ahead of the festive season in December, prompting residents' complaints as some have allegedly committed criminal offenses in the area.

Bank Indonesia to be recapitalized

Bank Indonesia to be recapitalized JAKARTA (JP): The government will recapitalize Bank Indonesia to prevent it from going bankrupt as a result of having to bear part of the cost of the emergency liquidity support it extended from 1997 to 1999, legislators said on Tuesday.

Super Indo quality

Super Indo quality The Delhaize Group, a world-class food retail chain established on Aug. 1, 1997, is operating in Indonesia under the Super Indo, which has 11 stores throughout Jakarta, Bandung and Surabaya.

Where to go in Surabaya

Where to go in SurabayaExhibition * Ceramics Exhibition by students of Sekolah Tinggi Kesenian Wilwatikta, at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), until Nov. 18.Music and Entertainment * The Westin Surabaya, Jl.

Bina Nusantara not that bad

Bina Nusantara not that bad I refer to the letter titled Bina Nusantara must introspect by Prof. Tim Babcock published on Nov. 13, 2000. I was awarded my bachelor's degree from Bina Nusantara University in 1997 but I am not a student of Bina Nusantara's Graduate Program and therefore have no idea...

Indonesia's debt burden: A case for forgiveness

Indonesia's debt burden: A case for forgivenessBy Sidhesh Kaul JAKARTA (JP): With each passing day, Indonesia's debt burden seems to get heavier and with the murky political environment acting as a retardant to progress, there seems to be no end in sight to this misery.

Police join rights workshop

Police join rights workshop CIBOGO, West Java (JP): All deputy police chiefs from precincts in seven strife-torn provinces are taking part in a two-week human rights workshop here, which started on Tuesday.

Telkom's bid to merge with Indosat opposed

Telkom's bid to merge with Indosat opposed JAKARTA (JP): Minister of Transportation and Telecommunications Agum Gumelar said on Tuesday that the government opposed a proposal to merge state-owned telecommunications companies PT Telkom and PT Indosat.

Judge wants President in court

Judge wants President in court JAKARTA (JP): The South Jakarta District Court wants President Abdurrahman Wahid to appear as a witness in the State Logistics Agency (Bulog) scandal.During the hearing on Tuesday, presiding Judge Lalu Mariyun refused to allow the President's affidavit to be read by...

Tommy's home seized to secure his assets

Tommy's home seized to secure his assets JAKARTA (JP): South Jakarta prosecutors seized the home of Hutomo "Tommy" Mandala Putra, the youngest son of former president Soeharto, in Menteng, Central Jakarta in an effort to secure the fugitive's private assets.

Mobbed to death over a debt

Mobbed to death over a debt CILACAP, Central Java: A 35-year-old man, Sarwan bin Rusno, was mobbed to death by some 500 locals at his residence in Wanareja village here on Monday night following an argument which allegedly involved an unpaid debt.

Acehnese formulate 7-point declaration

Acehnese formulate 7-point declaration BANDA ACEH, Aceh (JP): Some 100,000 people gathered in Banda Aceh on Tuesday to hear the reading of a seven-point declaration demanding the Indonesian government restore the sovereignty of Aceh as a free and separate nation.

WBC yet to decide Jakarta a host

WBC yet to decide Jakarta a host JAKARTA (JP): The World Boxing Council (WBC) has yet to decide if Jakarta will host the 39th convention next year. Chairman of the Indonesian Boxing Association Chandru G. Lalwani said WBC will announce its decision in three months.

Kalimantan governors vow to protect investment

Kalimantan governors vow to protect investment JAKARTA (JP): In a bid to lure back prospective investors, governors of oil and mineral rich Kalimantan vowed here on Tuesday to protect business investment on the vast island.

Libraries vital to help save the lost generation of children

Libraries vital to help save the lost generation of childrenBy Hyginus Hardoyo JAKARTA (JP): Despite the possibility of losing a generation of children in Indonesia, no immediate settlement of the current multidimensional crisis is in sight.

Police insist on pursuing Manulife investigation

Police insist on pursuing Manulife investigation JAKARTA (JP): Despite the concern of foreign investors, the police said on Tuesday they would go ahead with their investigation of an alleged sales scam involving Canadian-based insurance firm Manufacturers Life Insurance Co. (Manulife).

Jet crashes due to human error: Air Force chief

Jet crashes due to human error: Air Force chief JAKARTA (JP): Air Force chief Marshal Hanafie Asnan admitted on Tuesday that the spate of jet fighter crashes this year were caused by human error due to restricted flight hour training.

In the shadows of Wayang Restaurant

In the shadows of Wayang Restaurant The Wayang Restaurant is located in the leafy, residential streets behind the Hotel Ambhara in the Blok M area of South Jakarta, at Jl. Iskandarsyah Raya I No. 9 to be precise.