Indonesian Political, Business & Finance News

Archive: 21 November 2000

60 articles found

New Taiwan dollar, won hammered, rupiah slips

New Taiwan dollar, won hammered, rupiah slips SINGAPORE (Dow Jones): The New Taiwan dollar and South Korean won were hammered Monday by falling stock prices, softness in the yen and a slew of other negative news.

Doyok gets one year jail term

Doyok gets one year jail term TANGERANG (JP): Comedian Sudarmadji, popularly known as Doyok, was sentenced on Monday to a one-year jail term for illegal use of 0.5 grams of shabu-shabu (crystal methamphetamine).

House to amend central bank law

House to amend central bank law JAKARTA (JP): The House of Representatives decided late on Monday to amend the central bank law in an effort to remove the legal obstacle over plans to replace Bank Indonesia Governor Sjahril Sabirin.

Thailand's social security net to cover 10m people

Thailand's social security net to cover 10m people BANGKOK (DPA): Thailand's social security scheme will cover about 10 million workers, or almost 30 percent of the workforce, by early next year, Thai Prime Minister Chuan Leekpai said on Monday.

Attorney General: Four graft cases found in oil contracts

Attorney General: Four graft cases found in oil contracts JAKARTA (JP): The Attorney General's office said on Monday that thus far it has found only four contracts entered into by state oil and gas company Pertamina during former President Soeharto's era with "preliminary evidence of corruption".

Vietnam general warns of plots after Clinton visit

Vietnam general warns of plots after Clinton visit HANOI (Reuters): A day after a historic visit to Communist Vietnam by U.S. President Bill Clinton in which he urged greater political openness, a top Hanoi general has warned of plots by hostile forces to undermine socialism.

RP rebels free teacher, 2 children

RP rebels free teacher, 2 children ZAMBOANGA, Philippines (AP): Abu Sayyaf guerrillas have released unharmed a teacher and her two children from 12 days of captivity in a forest in the southern Philippines, officials said on Monday.

Villagers ponder whereabouts of missing rice

Villagers ponder whereabouts of missing rice BANDUNG (JP): While the reform movement may have provided the momentum for the introduction of a more transparent governmental system with an open atmosphere, nevertheless vestiges of the old corrupt, collusive and nepotistic practices still prevail.

Hyundai rescue plan gets thumbs-up from creditors

Hyundai rescue plan gets thumbs-up from creditors SEOUL (Reuters): South Korea's cash-strapped Hyundai Engineering and Construction got an initial thumbs-up from its main creditor on Monday after announcing its sixth rescue plan of the year.

House allows lawyer's presence in hearing

House allows lawyer's presence in hearing JAKARTA (JP): All factions at the House of Representatives (DPR) agreed on Monday that witnesses to be questioned for the State Logistics Agency (Bulog) and Brunei government aid scandals could have their attorneys present.

Vietnam poses a new threat in pencak silat

Vietnam poses a new threat in pencak silat JAKARTA (JP): Vietnam has emerged as a threat to neighboring countries at the Southeast Asian (SEA) Games including the event's powerhouses Indonesia and Thailand specially in Indonesia's traditional martial art pencak silat.

Nokia to switch S'pore M1 mobile network to GSM

Nokia to switch S'pore M1 mobile network to GSM LONDON (AFX): Nokia said it has landed a contract -- worth up to US$290 million over 5 years -- to replace Singapore mobile operator Mobile One (Asia) Pte's existing CDMAOne network with a GSM one, and then build a third generation mobile network on...

Rupiah Rates Nov. 20

Rupiah Rates Nov. 20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,946.00 9,946.00 9,399.00 9,493.00Australian dollar 1 4,638.50 5,161.97 4,873.38 4,926.87Austrian schilling 1 551.57 613.73 579.50 585.78Belgian franc 1 188.15 209.35 197.67 199.

Residents protest to laundry firm

Residents protest to laundry firm BOGOR (JP): Residents of Kedung Halang subdistrict north of here are complaining about their polluted wells, which they suspect to have been caused by PT Laundry Nusantara Jaya laundry service company.

Summitplast plans new factory

Summitplast plans new factory JAKARTA (JP): PT Summitplast Interbenua, a plastic component producer, will build its third factory in its industrial compound in the Lippo Cikarang industrial estate next year.The company said on Monday that it would spend about Rp 50 billion (about US$5.

S'pore, RI begin naval exercises

S'pore, RI begin naval exercises SINGAPORE (AFP): Singapore and Indonesia on Monday began an eight-day joint naval exercise, the defense ministry here said in a statement.Codenamed Ex Eagle, the exercise being held in Singaporean waters includes a frigate, an anti-submarine escort vessel and two...

Ministers told to delay overseas trips

Ministers told to delay overseas trips JAKARTA (JP): Vice President Megawati Soekarnoputri has forbidden all Cabinet ministers from making overseas trips in December.Minister of Foreign Affairs Alwi Shihab said on Monday after a Cabinet meeting at Bina Graha presidential office, presided over by...

Consistent at being inconsistent

Consistent at being inconsistent President Abdurrahman Wahid said recently that it was premature to evaluate his government's performance after a period of only 12 months. That statement is clear proof of how consistent he is at being inconsistent.

PBSI delays closure of training center

PBSI delays closure of training center JAKARTA (JP): Due to calls from the national shuttlers, the Badminton Association of Indonesia (PBSI) agreed on Monday to delay the closure of the national centralized training center.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 20, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,525 25 1,750,500 Adindo Foresta Indonesia 105 0 75,000 Alakasa Industrindo 350 0 0 Alfa Retailindo...

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...

Monthly minimum wage to rise by 30 percent in eight provinces

Monthly minimum wage to rise by 30 percent in eight provinces JAKARTA (JP): The official monthly minimum wage levels in eight provinces will rise by an average of about 30 percent as of Jan. 1, 2001.Syaufi'i Syamsuddin, director general for industrial relations and labor standards at the manpower...

Council likely to demand nightspots close one month

Council likely to demand nightspots close one month JAKARTA (JP): City councillors are likely to recommend the closing of several entertainment centers and nightspots in the capital during the upcoming Muslim fasting month of Ramadhan, a source at the council said on Monday.

Defendant in exam leak gets 10 months

Defendant in exam leak gets 10 months JAKARTA (JP): Defendant Dwi Santoso, 25, was calm on Monday when the judge sentenced him to a mere 10-month jail term, after declaring him guilty of stealing master copies of the national high school final examinations (Ebtanas) last March.

SE Asia still struggling as ASEAN summit nears

SE Asia still struggling as ASEAN summit nears SINGAPORE (AP): In Indonesia, separatist violence, pervasive corruption and massive corporate debt are derailing hopes for a full recovery from the worst economic crisis in three decades.

UNDP helps resettlement projects in torn Maluku

UNDP helps resettlement projects in torn Maluku JAKARTA (JP): The Ministry of Settlement and Regional Infrastructure in cooperation with the government of Netherlands launched on Monday a US$2 million peace-building project on Kai islands in riot-torn Maluku.

RI and Japan's relations toward the 21st century

RI and Japan's relations toward the 21st century Question: First, what is your impression of the past year in Indonesia?Indonesia is now in a period of profound transformation towards democratization. Lots of significant events are taking place.

KL futures exchanges to merge

KL futures exchanges to merge KUALA LUMPUR (Reuters): Malaysia's two remaining futures exchanges will sign a deal to merge by the end of this year, the head of the Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) said on Monday.

House near to approving Bangka-Belitung province

House near to approving Bangka-Belitung province JAKARTA (JP): The Bangka-Belitung islands are edging closer to winning approval to become a province after Minister of Home Affairs and Regional Autonomy Surjadi Sudirdja and a special House of Representatives committee inked a note to forward a bill...

Joint advertisements

Joint advertisementsFrom Media IndonesiaAllow us to inform readers that the Indonesian Bank Restructuring Agency (IBRA) has never appointed any institution to act as an IBRA executive team of joint advertisements for whatever reason.

Speculative buying lifts KL palm oil

Speculative buying lifts KL palm oil KUALA LUMPUR (Reuters): Speculative buying lifted Malaysia's palm oil futures on Monday and prevented prices from falling despite weak November 1-20 export figures, traders said.

Family members questioned over Tommy's absence

Family members questioned over Tommy's absence JAKARTA (JP): The wife and sister of Hutomo "Tommy" Mandala Putra were grilled for about 10 hours on Monday at the National Police Headquarters over the disappearance of the youngest son of former president Soeharto.

BCA profit more than triples

BCA profit more than triples JAKARTA (JP): Publicly listed Bank Central Asia (BCA) reported nearly 400 percent increase in pretax profit in the first nine months of this year to Rp 1.03 trillion (about US$141 million).

Civilian guards seek new job

Civilian guards seek new job MAKASSAR, South Sulawesi: At least 250 members of the civilian guards or Kamra rallied at the provincial legislative council on Monday to express their fears of an uncertain fate following their dismissal.

Leaders and ignorance

Leaders and ignoranceFrom Rakyat MerdekaWhen President Abdurrahman "Gus Dur" Wahid and his assistants bow their heads and put out their hands, palms up, begging the International Monetary Fund for mercy, members of the House of Representatives and councilors, wearing a tie with a gold insignia...

Two-thirds of billboards illegal: Official

Two-thirds of billboards illegal: Official JAKARTA (JP): Almost two-thirds of the current 27,171 advertisement billboards erected at several places in the capital are without proper permits or with expired permits, an official said on Monday.

Manulife sues Roman Gold, Gondokusumo

Manulife sues Roman Gold, Gondokusumo JAKARTA (JP): PT Asuransi Jiwa Manulife Indonesia (AJMI) said on Monday it had filed criminal suits against Suyanto Gondokusumo, the principal of Dharmala Sakti Sejahtera (DSS) group, and British Virgin Islands-based firm Roman Gold Assets over a share purchase...

Wahid arranging talks with Moro: Estrada

Wahid arranging talks with Moro: Estrada MANILA (AP): Indonesia's president has contacted a Moro rebel leader and is arranging talks between him and Philippine President Joseph Estrada, Estrada said on Monday.

Taxis charging old fares told to display stickers

Taxis charging old fares told to display stickers JAKARTA (JP): The City Land Transportation Agency (DLLAJ) has asked the Organization of Land Transportation Owners (Organda) to put special stickers on cabs managed by companies refusing to charge the new fare.

No freedom for Aceh, Irian Jaya: Susilo

No freedom for Aceh, Irian Jaya: Susilo JAKARTA (JP): The unitary state of the Republic of Indonesia is final, so there is no opportunity for Aceh and Irian Jaya to become independent, Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono said on Monday.

12,000 children malnourished

12,000 children malnourished SEMARANG: As of October this year nearly 12,000 children in Central Java are malnourished and 56 of them have died, an activist said on Monday.Head of the Central Java Children's Protection Institute, Siti Aminah, said malnutrition has affected 37 regencies, with...

BNI to extend more credits

BNI to extend more credits JAKARTA (JP): Publicly listed Bank Negara Indonesia (BNI) plans to extend Rp 6 trillion (about US$645 million) in new loans next year, bank president Saifuddien Hasan said Monday.Saifuddien said credit extended this year amounted to some Rp 4.5 trillion.

Floods hit 1,470 houses

Floods hit 1,470 houses BANDUNG: At least 1,470 houses in five villages at Baleendah and Pamengpeuk districts in Bandung regency were inundated in the early hours of Monday following a massive overflow from Citarum river.

Penitentiary guard arrested for drugs

Penitentiary guard arrested for drugs JAKARTA (JP): Police have arrested a guard at Cipinang Penitentiary for his role in distributing drugs to prisoners, Jakarta Police Criminal Investigation chief Sr. Supt. Harry Montolalu said on Monday.

The saga of the central bank

The saga of the central bank After analyses concluded that the weak central bank fully controlled by the government was one of the main culprits of Indonesia's financial crisis in late 1997 and the consequent banking collapse in 1998, the then B. J.

Telkom plans to lay off workers

Telkom plans to lay off workers JAKARTA (JP): State-owned telephone operator PT Telekomunikasi Indonesia (Telkom) is considering laying off some 3,000 to 4,000 workers to improve efficiency and raise the company's value, a source has said.

Pelti criticized over SEAG plan

Pelti criticized over SEAG plan JAKARTA (JP): The Indonesian Tennis Association's (Pelti) decision to include veteran women's players Yayuk Basuki, Romana Tedjakusuma, Liza Andriyani and another world-class player Wynne Prakusya in the 2001 Southeast Asian (SEA) Games training program is under...

Chiyoda, Ebara to tie up

Chiyoda, Ebara to tie up TOKYO (AFX-ASIA): Ebara Corp and Chiyoda Corp will jointly build incineration, water-processing and other facilities in Southeast Asian and other overseas nations, the Nihon Keizai Shimbun reported, citing sources close to the plan.

Ancient resin still supports North Sumatrans

Ancient resin still supports North SumatransBy Diana Parsell BOGOR, West Java (JP): Once described by Middle Eastern traders as the "frankincense of Sumatra", benzoin (kemenyan) from Indonesia has been sold for more than a thousand years in markets around the world.

Where to go in Bandung:

Where to go in Bandung: Exhibitions* Fine Art, Painting by Popo Iskandar and Djuariah Iskandar, at Griya Seni Popo Iskandar, at Jl. Dr. Setiabudhi 268 (Phone: 022 2013662), until Dec. 8.* Fine Arts Exhibition, Liyan by Nindityo Adipurnomo, at Selasar Seni Sunaryo, Jl. Bukit Pakar Timur no.

Gen. Wiranto denies any foreknowledge of East Timor

Gen. Wiranto denies any foreknowledge of East Timor MAKASSAR, South Sulawesi (JP): Gen. (ret.) Wiranto brushed aside here on Monday foreign news reports that he knew before hand of the terror tactics which were to be unleashed in East Timor in September last year.

Traffic jam

Traffic jamFrom KompasEvery morning I pass from Jl. Lontar to Jl. Petamburan Raya, West Jakarta, and there are a lot of violations so the traffic becomes confused. Minivans and city buses turn at forbidden places following directions given by individuals popularly known as Pak Ogah.

Remains of slain ex-communist activists found in Wonosobo

Remains of slain ex-communist activists found in Wonosobo JAKARTA (JP): A joint team formed by the National Commission on Human Rights (Komnas HAM) and the Indonesian Institute for the Study of the 1965/1966 Massacre (YPKP) has uncovered the remains of some 24 people linked to the outlawed...

Aceh: Peaceful solution or force

Aceh: Peaceful solution or forceBy Desra Percaya JAKARTA (JP): Decades of ideological confrontation between the East and the West have brought about transformation in our concept of conflict, the main aspect being a change of dimension from international (inter-state) conflict to internal conflict.

Kanu joins Nigeria for WCup qualifiers

Kanu joins Nigeria for WCup qualifiers LAGOS (AFP): Arsenal striker Nwankwo Kanu said Monday he will be available for Nigeria's World Cup qualifying games next year as a row rumbled on over his refusal to play in the Sydney Olympics."I'm a Nigerian.

Court may move Bob Hasan to Salemba Penitentiary

Court may move Bob Hasan to Salemba Penitentiary JAKARTA (JP): The Central Jakarta District Court is considering removal of timber tycoon Mohamad "Bob" Hasan, the defendant in a multimillion-dollar graft case, from his detention at the Attorney General's office to the Salemba penitentiary for...

Protesting bus crews damage 8 vehicles

Protesting bus crews damage 8 vehicles JAKARTA (JP): Eight vehicles were vandalized on Monday by some of the hundreds of Metro Mini public minibuses who were staging a heated rally on Jl. Bekasi Raya, East Jakarta, to protest the illegal operation of vans serving their Tanjung Priok-Pulogadung...

Four state firms to be privatized in 2001: Prijadi

Four state firms to be privatized in 2001: Prijadi JAKARTA (JP): Four state-owned enterprises are ready to be privatized next year in a bid to raise around Rp 5 trillion (US$537.63 million) in proceeds, finance minister Prijadi Praptosuhardjo said on Monday.

Mahathir raps West's 'double standards'

Mahathir raps West's 'double standards' KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad has criticized Western "double standards" on globalization, saying the concept was being shaped to fit the needs of the developed world.

Agro toolmakers want Chinese imports curbed

Agro toolmakers want Chinese imports curbed JAKARTA (JP): Alsintani, the association of producers of agricultural implements, called on the government on Monday to curb imports from China which it blames for causing the loss of more than 30,000 jobs over the past three years.