Indonesian Political, Business & Finance News

Archive: 24 November 2000

57 articles found

Foreign investors put off by fears of power crisis

Foreign investors put off by fears of power crisis JAKARTA (JP): The possibility of a power crisis in Indonesia has added to the uncertainties in the country's investment climate, according to a senior official at the Asian Development Bank (ADB) on Thursday.

ASEAN gives KL more time to cut car tariffs

ASEAN gives KL more time to cut car tariffs SINGAPORE (Reuters): Southeast Asian governments on Thursday gave Malaysia a two-year reprieve before it has to cut tariffs on its struggling car industry as part of a free-trade drive to sharpen the region's global competitiveness.

Downturn in Indonesian-U.S. relations?

Downturn in Indonesian-U.S. relations? The following is the first of two articles based on a presentation given at a discussion on ties between Indonesia and the U.S., by Prof. Dr. Hasjim Djalal, M.A.. He has been Ambassador-at-Large for the Law of the Sea/Maritime Affairs since 1994 and teaches...

Bali gets new management

Bali gets new management JAKARTA (JP): Shareholders of the publicly listed Bank Bali approved on Thursday the appointment of a new board of directors and commissioners for the period of 2000-2002.The Indonesian Bank Restructuring Agency (IBRA) said the management reshuffle followed the recent...

U.S. Dollar Rates Nov. 23

U.S. Dollar Rates Nov. 23 Current High Low Euro* 0.8429 0.8456 0.8427 Japanese Yen 110.15 110.23 110.06 British Pound* 1.4045 1.4088 1.402 Swiss Franc 1.8026 1.8041 1.7975 Austrian Schilling 16.3191 16.3249 16.2728 Belgian Franc 47.841 47.858 47.706 Danish Crown 8.8485 8.874 8.8226 Dutch Guilder 2.

Learn to live and let live

Learn to live and let live Recent articles in your paper have given me considerable pause for thought. Perhaps paradoxically, in this time of new openness in Indonesia, there seems to be evidence of a growing tide of intolerance that should perhaps worry people.

Rupiah Rates Nov.23

Rupiah Rates Nov.23 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,923.00 9,923.00 9,376.00 9,470.00Australian dollar 1 4,711.34 5,244.31 4,950.53 5,004.90Austrian schilling 1 547.82 609.72 575.63 581.88Belgian franc 1 186.87 207.98 196.35 198.

Asian currencies mostly down, rupiah slightly firmer

Asian currencies mostly down, rupiah slightly firmer SINGAPORE (Dow Jones): Most Asian currencies sagged late Thursday, with the South Korean won extending its recent inexorable decline as the market grew immune to the central bank's hackneyed verbal mediation, dealers said.

House to amend BI law on Dec. 6

House to amend BI law on Dec. 6 JAKARTA (JP): The House of Representatives vowed on Thursday to complete the amendment of the central bank law by Dec. 6, so as to allow an immediate reshuffle of the top management of Bank Indonesia.

ASEAN welcomes China's overtures for free trade

ASEAN welcomes China's overtures for free trade SINGAPORE (AFP): Chinese overtures to be involved in a Southeast Asian free trade area received enthusiastic support on Thursday from ASEAN which fears money will be diverted from the group when Beijing joins the World Trade Organization.

Nine top officers named suspects

Nine top officers named suspects JAKARTA (JP): After a series of long investigations, police named nine high-ranking military and police officers on Thursday as suspects in the violent takeover of the Indonesian Democratic Party (PDI) headquarters in Central Jakarta in 1996.

Indonesia may air domestic problems at summit

Indonesia may air domestic problems at summit SINGAPORE (JP): President Abdurrahman Wahid said here on Thursday that Indonesia might bring up its mounting domestic problems during the annual ASEAN informal summit and called for "active support" of the regional grouping for the maintenance of...

Nokia launches new cell phone

Nokia launches new cell phone JAKARTA (JP): Nokia Mobile Phones launched on Thursday the Nokia 6210, targeting business executives.General manager for Mobile Phones Indonesia Shaun Colligan said the dual band mobile phone was supported by a High Speed Circuit Switched Data (HSCSD) of up to 43.

Headless corpse found on beach

Headless corpse found on beach PRAYA, West Nusa Tenggara: Residents of Central Lombok's Kuta beach (Loteng) were shocked earlier this week by a corpse which was found on the south end of the beach and had its head, most of its stomach, right leg, right hand and genitalia missing.

'Wayang thengul' puppets survive as souvenirs in RI's major cities

'Wayang thengul' puppets survive as souvenirs in RI's major citiesBy R. Agus Bakti YOGYAKARTA (JP): The Wayang thengul (wooden puppet show) has every qualification to be listed as a Javanese "endangered" folk art, losing its audience to modern-day entertainment.

Newborn baby found in hospital toilet

Newborn baby found in hospital toilet JAKARTA (JP): Staffers at the Medical Rehabilitation Installation of the Cipto Mangunkusumo General Hospital were surprised to find a newborn baby alive in a third floor toilet on Thursday.The premature baby girl, weighing 1.

Blast suspect had fake ID: Police

Blast suspect had fake ID: Police JAKARTA (JP): Police are looking for a man who checked in at the Omni Batavia Hotel using a fake ID card about one hour before the blast occurred last Friday, city police chief Insp. Gen. Mulyono Sulaiman said.

PASI stages pole vault training

PASI stages pole vault training SURAKARTA, Central Java (JP): The Indonesian Amateur Athletics Association (PASI) Central Java chapter joined hands with the province's Ministry of National Education chapter to stage pole vaulting training.

Singapore to push ASEAN to engage with India: Officials

Singapore to push ASEAN to engage with India: Officials SINGAPORE (AFP): Singapore said on Thursday it is backing India to become a dialog partner of the Association of Southeast Asian Nations (ASEAN) but faced an uphill battle getting support."The Indian President (K.R.

Ramadhan closure terms disputed by owners

Ramadhan closure terms disputed by owners JAKARTA (JP): Immediately following pressure from Muslim groups and six City Council factions, the city administration announced on Thursday Governor Sutiyoso's expected notice of which nightspots should close during Ramadhan, Idul Fitri and Christmas.

Ministry set to work on marine tourism mapping

Ministry set to work on marine tourism mapping JAKARTA (JP): The directorate of sea territory at the Ministry of Maritime and Fishery Affairs is set to work on marine tourism mapping as part of the preparations for regional autonomy in January."We'll probably begin the project next year.

Datacraft wins RI project

Datacraft wins RI project SINGAPORE (AFX-ASIA): Datacraft Asia Ltd said it has obtained a US$3.7 million contract from IPCO International Ltd to help the latter implement its internet protocol network project in Indonesia.

Witness says Bob Hasan causes 'no state losses'

Witness says Bob Hasan causes 'no state losses' JAKARTA (JP): A witness implied at the Central Jakarta District Court on Thursday that the company of defendant Muhamad "Bob" Hasan had never taken photographs for a government-funded mapping project in 1996, but claimed that it caused no state losses.

Six killed in sand quarry

Six killed in sand quarry BANDUNG: Six people were killed on Wednesday in a landslide in a sand quarry in Cileuleuy in Subang regency.Provincial administration secretary in Subang, Aris Sumarna, confirmed the accident, saying that the quarry was managed by H. Atang.

Legislators fail to submit proposal against Gus Dur

Legislators fail to submit proposal against Gus Dur JAKARTA (JP): Legislators failed to submit on Thursday a proposal for the House of Representatives (DPR) to issue a "right of expression" on President Abdurrahman Wahid's performance."We'll submit the proposal on Nov. 30.

Pande acquitted of all charges in Bank Bali scam

Pande acquitted of all charges in Bank Bali scam JAKARTA (JP): The South Jakarta District Court acquitted on Thursday Pande Nasorahona Lubis, who had been charged with graft in connection with the Rp 546 billion (US$58 million) Bank Bali scandal.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 23, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,450 -100 283,500 Adindo Foresta Indonesia 110 -5 5,000 Alakasa Industrindo 275 0 0 Alfa Retailindo...

BI launches new settlement system

BI launches new settlement system JAKARTA (JP): Bank Indonesia officially launched on Thursday the real-time gross settlement system (BI-RTGS) in a bid to modernize the country's noncash interbank payment system.

Indofood drops plan to buy oil palm plantations

Indofood drops plan to buy oil palm plantations JAKARTA (JP): Publicly listed Indofood Sukses Makmur has dropped a plan to acquire several oil palm plantations under the control of the Indonesian Bank Restructuring Agency (IBRA).

Three RI juniors reach semifinals

Three RI juniors reach semifinals JAKARTA (JP): Henry Davin Teja and Al Imron reached the boy's singles semis and Stella Sondang reached the girl's singles semis in the 2000 Nabisco International Junior Tennis Championships at the Senayan tennis complex.

City set to audit PT Pembangunan Jaya

City set to audit PT Pembangunan Jaya JAKARTA (JP): Governor Sutiyoso ordered the city inspectorate on Thursday to audit PT Pembangunan Jaya Ancol over a Rp 4 billion (US$425,500) fund which had reportedly been used to finance six councilors' overseas trips last month.

Blue Bird group to use GPS next year

Blue Bird group to use GPS next year JAKARTA (JP): The Blue Bird group, a leading taxi and bus company, plans to start using the satellite-based global positioning system (GPS) beginning early next year to provide better and more efficient service to its customers, an executive said on Wednesday.

BPGS still under State Secretariat, management by KONI

BPGS still under State Secretariat, management by KONI JAKARTA (JP): The Gelora Senayan Management Board (BPGS) will remain under the State Secretariat authority but it will give a bigger role to the National Sports Council (KONI) chairman, as BPGS vice chairman, to manage the assets on a...

Cigarette TV commercials

Cigarette TV commercialsFrom KompasThere are now quite a few TV commercials advertising various cigarette brands: Djarum Super on ANteve; Bentoel Mild and Sampoerna Hijau on Indosiar; Djarum Super, Djarum Coklat, Djarum Filter, Ardath and Pall Mall on RCTI; Gudang Garam, Djarum Coklat, Lucky...

Police seize van believed as Tommy's getaway vehicle

Police seize van believed as Tommy's getaway vehicle JAKARTA (JP): Police seized a Mercedes Benz van on Thursday believed to have driven Hutomo "Tommy" Mandala Putra from his home in Menteng, Central Jakarta, on Nov.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Song 8:30 Music 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 NewsProgram 2 5:30 p.m.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Menembus Batas by Teguh Ostenrik, at Goethe-Institut, Jl. Matraman Raya 23, 8 p.m. to 5 p.m., Monday to Friday, until Dec. 14. * Painting The Old Painting Pre World War II, works of Picasso, Van Gough, Renoir, Chagall, Mondilgliani, Jl.H.R.

Dengue fever hits Palu

Dengue fever hits Palu PALU, Central Sulawesi: Marking its return to the Central Sulawesi capital of Palu after an absence of nearly three years, dengue fever has affected at least 30 people, mostly children.

New home, new hope for Jakarta's street kids

New home, new hope for Jakarta's street kidsBy Vilomena Narat JAKARTA: "I have been (living) on the streets for eight years (1992-2000)," says Yanto, who has just finished ngamen (singing) in a city bus to make some money."Sometimes I can pocket Rp 15,000 (US$1.

PSSI prepares a new regulation to standardize players transfer

PSSI prepares a new regulation to standardize players transfer JAKARTA (JP): The Soccer Association of Indonesia (PSSI) has drafted a new regulation on players' transfers and it will be effective in the 2001 Bank Mandiri national soccer league early next year.

Watch your road manners!

Watch your road manners! On Nov. 22, 2000, at around 9 p.m., a Toyota Kijang van (license plate no. CD 107 09) drove recklessly from the left lane to the right lane and vice versa on Jl. Prapanca. After passing a car abruptly, the other car, a Toyota Land Cruiser (also with a CD license plate, CD...

Emergency status for Aceh gets mixed response

Emergency status for Aceh gets mixed response JAKARTA (JP): The government's threat to impose a civil emergency status for restive Aceh has gained both full support and stiff opposition.Secretary-general of the National Commission on Human Rights (Komnas HAM) Asmara Nababan warned the government of...

VP: Limited means for eco-friendly development

VP: Limited means for eco-friendly development NUSA DUA, Bali (JP): Vice President Megawati Soekarnoputri admitted that the Indonesian government has limited resources to design a sustainable and environment-friendly development strategy.

Rail link project to get a boost

Rail link project to get a boost SINGAPORE (AP): A century-old scheme to build a railroad linking Southeast Asia with China - and eventually Europe - will receive a strong boost at a meeting of regional leaders here, a top official said on Thursday.

Schlumberger seeks more oil

Schlumberger seeks more oil JAKARTA (JP): French-based oil and gas service company PT Schlumberger Indonesia said it was discussing with state oil and gas company Pertamina ways to raise Indonesia's oil recovery factor.

Government not to force banks to merge, Prijadi says

Government not to force banks to merge, Prijadi says JAKARTA (JP): Finance minister Prijadi Praptosuhardjo said on Thursday the government would not force domestic banks to merge to create a stronger industry but would instead let the market forces decide."We'll not force banks to merge ...

Immoral activities?

Immoral activities? "Councillors of Muslim-based parties (PPP, PAN and PK) demanded the Jakarta administration close nightspots during Ramadhan. In their opinion, if the nightspots remain open it will only disturb Muslims' solemnity in performing their Ramadhan prayers.

Toxic chemicals found in KL rivers

Toxic chemicals found in KL rivers KUALA LUMPUR (AFP): Toxic chemicals including cyanide have been found in several rivers which supply water to Malaysia's southern state of Johor and neighboring Singapore, a report said on Thursday.

Crisis hampers oil refinery projects

Crisis hampers oil refinery projects JAKARTA (JP): The Investment Coordinating Board (BKPM) said on Thursday that none of the 20 oil refinery projects approved since 1992 had been started."As of today, none of the projects we approved have begun production or have been realized," the board said in...

Malaysia palm oil ends mixed

Malaysia palm oil ends mixed KUALA LUMPUR (Reuters): Malaysian palm oil futures were mostly quiet at the close on Thursday with market attention turning to the bad weather, which traders said could affect production in the next few weeks.

Harassment of Manulife

Harassment of Manulife The legal jam in which Canadian Manulife Financial Corp. has found itself after legally buying the assets of bankrupt Dharmala Sakti Sejahtera through a government-authorized auction in Jakarta last month is raising great doubts over the government's asset disposal program,...

Four more bodies found in Aceh

Four more bodies found in Aceh BANDA ACEH, Aceh (JP): Four more bodies with severe wounds were found on Wednesday in separate locations across the troubled province of Aceh, according to security officers, a medical source and an activist.

Court approves PSP appeal

Court approves PSP appeal JAKARTA (AFX-ASIA): The commercial court has approved Putra Surya Perkasa's appeal for a 40-day debt payment suspension, presiding judge chief Putu Supapmi said.Supapmi said the suspension was aimed at allowing the company to present a debt restructuring proposal to its...

Move to ban leaded gasoline gains support

Move to ban leaded gasoline gains support JAKARTA (JP): The move to stop the use of leaded gasoline gained further support on Thursday when a legislative commission sanctioned it, a proposal will also be submitted to the government by several non-governmental organizations in the hope that it will...

Lufthansa eyes direct services to Jakarta

Lufthansa eyes direct services to Jakarta JAKARTA (JP): Having increased the frequency of its European services to Jakarta at the start of the year, Lufthansa is now looking into the possibility of operating direct services to the Indonesian capital, the vice president for Asia Pacific operations,...

Jakarta Futures Exchange begins trading on Dec. 15

Jakarta Futures Exchange begins trading on Dec. 15 JAKARTA (JP): The Jakarta Futures Exchange (JFX), Indonesia's first futures trading bourse, announced on Thursday it will begin trading on Dec. 15.The JFX said that after several delays it finally received its operating license from the Commodities...

House urged to help reform labor export procedure

House urged to help reform labor export procedure JAKARTA (JP): The Association of Labor Supplying Companies (Apjati) urged the House of Representatives to press the government to reform the labor export procedure which it described as ineffective and unfair.