Indonesian Political, Business & Finance News

Archive: 29 November 2000

56 articles found

Man killed for stealing a duck

Man killed for stealing a duck JAKARTA (JP): Thirty-year-old Odin was beaten to death on Sunday by residents in Karang Setia subdistrict in Cikarang, Bekasi, after he was caught red-handed stealing a duck, a police report said. The report said Odin was trying to steal a duck belonging to Caca, 41, from its cage at Caca's house at 4:30 a.m. when the latter heard a noise and yelled "Thief! Thief!" which woke the neighbors.

Police officer kills two colleagues, injures one

Police officer kills two colleagues, injures one JAKARTA (JP): Two West Jakarta Police Precinct officers were killed and another one was injured after one of their colleagues shot them at the precinct on Tuesday. West Jakarta Police chief Supt. Iwan Nurisman Ismet said the incident involved four officers of the same rank, namely First. Insp. Asman Manurung, head of the police operational unit, First Insp. I Putu Eka Ishwara, head of the auto theft unit, First Insp.

Kim supports Indonesia's national car project

Kim supports Indonesia's national car project JAKARTA (JP): Visiting South Korean President Kim Dae-jung said his government would give full support to Indonesia's efforts to revive its national car project, a joint venture with South Korea's Kia Motors Co. Kim said he agreed with Indonesian President Abdurrahman Wahid that Indonesia's national car project, which faltered following the fall of former president Soeharto, should be resumed.

Asian currencies fail to sustain gains amid shaky fundamentals

Asian currencies fail to sustain gains amid shaky fundamentals SINGAPORE (Dow Jones): Asian currencies were mixed late Tuesday, as the dollar's pullback against the major currencies provided some repose for the market, dealers said. Asian currencies were, however, unable to sustain their gains as the region's shaky fundamentals kept investors wary, dealers said. The Indonesian rupiah ended unchanged in Asian trade Tuesday in very sluggish trade.

White shrimps steal market lead from black tiger

White shrimps steal market lead from black tiger SURABAYA: Among traders whose business is shrimp, the black tiger is a common name. This is a species of shrimp which is bigger in size and has black stripes. The stripes become bright red when the shrimps are boiled or fried. Most importantly, black tiger shrimp are the prima donna of East Java's marine export products. That is up until recently.

Reduce over-reliance on dollar, gold council

Reduce over-reliance on dollar, gold council KUALA LUMPUR (AFP): Countries should make gold a key reserve asset to reduce risks in a "one-currency" world monetary system dominated by the U.S. dollar, a World Gold Council senior official said Tuesday. Robert Weinberg, the council's head of institutional investment, said the dollar's dominance had reached far beyond its traditional role in money, capital markets and foreign exchange reserves.

Thousands of workers protest in Surabaya

Thousands of workers protest in Surabaya SURABAYA (JP): In one of the country's largest protests in recent months, some 30,000 industrial workers took to the streets here on Tuesday to demand higher wages. Some protesters overturned vehicles belonging to provincial government officials, including the deputy chief of the provincial planning agency, Syahrazad Masdar, and looted them. Police made at least one arrest but the violence was quickly contained, witnesses said.

Beddu Amang detained over Bulog land scandal

Beddu Amang detained over Bulog land scandal JAKARTA (JP): The state prosecutors placed former chief of the State Logistics Agency (Bulog) Beddu Amang in the detention center at the Attorney General Office's for 20 days, pending his trial on charges of corruption in a land exchange deal. The Jakarta Prosecutor's Office assistant for special crimes, Andi Syarifuddin, said on Tuesday that the detention was made to expedite legal proceedings of the case.

Tropical storm 3B to drift away

Tropical storm 3B to drift away JAKARTA (JP): Sumatra may get a reprieve from the recent storms and torrential rains that have caused landslides and flooding in many parts of the island as weathermen predict improving conditions in coming weeks.

Government, House agree on reduction of outstanding bonds

Government, House agree on reduction of outstanding bonds JAKARTA (JP): The government and the House of Representatives agreed on Tuesday to reduce the amount of the government bank recapitalization bonds by Rp 10 trillion (US$1.07 billion) next year to ease the burden on the 2001 state budget.

Food supply to flood hit areas disrupted

Food supply to flood hit areas disrupted PADANG, West Sumatra (JP): Supplies of food and medicines to regencies devastated by floods and landslides in West Sumatra were being obstructed as the roads leading to the affected areas had been cut, while other alternative routes had been washed away due to the incessant rain, governor Zainal Bakar said here on Tuesday. "We've been trying to provide emergency aid as far as we can.

Foreign fishermen found not guilty

Foreign fishermen found not guilty MAUMERE, East Nusa Tenggara: The East Flores district court acquitted four Taiwanese fishermen on Tuesday who had been charged with illegal fishing. The four fishermen, identified as Huang Tien Siu, Chen Tien Sung, Chen Pin An, and Huan Tien Ming, were arrested in the waters off Lembata island a couple of months ago, the Navy commander in Maumere and Flores, Lt. Col. Gunung Untung, said.

Proton's new boss arrives, now needs know-how

Proton's new boss arrives, now needs know-how KUALA LUMPUR (Reuters): Malaysia's oil company Petronas steps into the driving seat at Proton next week, taking a controlling 27 percent stake in the national car maker as it prepares for the onslaught of foreign competition. DRB-Hicom Bhd, which is selling its stake to Petroliam Nasional Bhd (Petronas), said in a statement the long-talked about deal would be completed on Dec. 4.

Indonesia to send synchronized divers to train in China

Indonesia to send synchronized divers to train in China JAKARTA (JP): With the new event of synchronized diving to be featured at the 2001 Kuala Lumpur Southeast Asian (SEA) Games, the Indonesian Swimming Federation (PRSI) plans to send athletes to train in China next year.

Chinese oil firm to invest $14.5b for offshore reserves

Chinese oil firm to invest $14.5b for offshore reserves BEIJING (AFP): China National Offshore Oil Corp. (CNOOC), which plans to sell shares abroad early next year, has decided to invest 120 billion yuan (US$14.5 billion) on tapping offshore oil reserves in the next five years, state media reported on Tuesday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 28, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,225 -75 223,500 Adindo Foresta Indonesia 110 0 20,000 Alakasa Industrindo 275 0 0 Alfa Retailindo 1,125 -25 3,033,000 Alter Abadi 175 5 20,000 Alumindo Light Metal 925 0 14,500 Aneka Kimia Raya 280 0 0 Aneka Tambang (Persero) 1,000 25 1,186,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Makassar prepares for direct elections

Makassar prepares for direct elections MAKASSAR, South Sulawesi: The Provincial Legislative Council here is finalizing a new regulation on direct gubernatorial elections to come into effect next year in tandem with the implementation of regional autonomy. "We are working on the concept. We hope that it will become a pilot project in Indonesia," Abustam of the Council's Commission A for legal and administrative affairs said on Tuesday.

City proposes Rp 7.49 trillion budget for 2001

City proposes Rp 7.49 trillion budget for 2001 JAKARTA (JP): Governor Sutiyoso unveiled on Tuesday an optimistic draft City budget for 2001, which was set at Rp 7.49 trillion (US$788.42 million). Speaking before a plenary City Council session, Sutiyoso projected 2.91 percent in economic growth for the coming 12-month period as part of the economic upturn in the capital. "The current indicators show that Jakarta's economy is improving.

Spore's vulnerable after Wahid's criticisms

Spore's vulnerable after Wahid's criticisms SINGAPORE (AFP): Indonesian President Abdurrahman Wahid's scathing attack on Singapore highlights the affluent city-state's vulnerability to a volatile region despite political and economic stability at home, analysts said. "It's a worrying development for Singapore," said Bob Broadfoot, managing director of Hong Kong-based Political and Economic Risk Consultancy (PERC).

Utut wins opener of Int'l Chess Federation World Championships

Utut wins opener of Int'l Chess Federation World Championships JAKARTA (JP): Indonesia Grand Master Utut Adianto won his first match at the US$3.5 million 2000 International Chess Federation (FIDE) World Championships at the Hyatt Regency in New Delhi on Monday evening. Utut, whose elo rating is 2583, played the black in his match against International Master (MI) Imad Hakki of Syria, who has an elo rating of 2429. Utut defeated Hakki on the 44th move employing the Caro-Kann defense.

ASEAN short of Internet development skills

ASEAN short of Internet development skills SINGAPORE (DPA): Internet development and e-commerce knowhow are among the top skills most needed by Southeast Asian companies but those mastering them are still in short supply, a nine- country survey showed on Tuesday. As for non-technical skills, organizations view marketing, change management and strategic planning as most essential.

Microsoft Indonesia launches Interaksi 2

Microsoft Indonesia launches Interaksi 2 JAKARTA (JP): Computer manufacturer PT Microsoft Indonesia has launched a one-year free computer training program for children called Computer Information and Technology for Indonesian Children (Interaksi 2). The program, which was officially launched at a ceremony attended by First Lady Sinta Nuriyah Abdurrahman Wahid at Merdeka Palace last week, was the second to have been launched here by the company.

BI issues new Rp 1,000 note

BI issues new Rp 1,000 note JAKARTA (JP): Bank Indonesia will issue a new bank note in a Rp 1,000 denomination as legal tender in the country beginning on Wednesday. The central bank said in a statement on Tuesday that the new Rp 1,000 note carries the picture of national hero Kapitan Pattimura on the front, and a picture of Maitara and Tidore islands on the other side.

Rusdihardjo reveals Bulog scam to House

Rusdihardjo reveals Bulog scam to House JAKARTA (JP): Former National Police chief Gen. Rusdihardjo testified before the House of Representatives' Special Committee on Tuesday revealing significant information about the persons behind the Rp 35 billion (US$3.7 million) scandal at the National Logistics Agency (Bulog).

Alsthom agrees to cut cost of power project

Alsthom agrees to cut cost of power project JAKARTA (JP): French-based engineering, construction and procurement company Alsthom has agreed to develop the Kediri power transmission project in East Java at a cost equal to a similar project in Depok, West Java, said the president of state electricity company PT PLN Kuntoro Mangkusubroto.

Shipping fraud

Shipping fraud I am an Egyptian diplomat who was posted in Jakarta for four years (1996-2000) and to me it was one of the best times of my life spent in this beautiful country of yours. But unfortunately it didn't end as happily as it started because I was the victim of a very bad fraud and cheating experience when I tried to ship my things from Jakarta to Cairo via Singapore, with a company called "PT Combi Cargo" headed by a guy called Mr. Rudolf Tambari.

Disappointed by Tunas Toyota

Disappointed by Tunas Toyota Recently I purchased a brand new Kijang by cash from Tunas Toyota, Mampang, South Jakarta. Not only did I receive it three weeks late but just I as left the showroom's parking lot, a threatening and irritating din came from the beneath the car. I had it inspected. Tunas insisted the problem was the footstep. The din would still erupt within a matter of hours after each inspection.

U.S., RP hostages may be rescued soon

U.S., RP hostages may be rescued soon MANILA (AP): Government troops have sighted an American and a Filipino being held by Muslim extremists on a southern Philippine island and may rescue them soon, an official said on Tuesday. The two hostages -- American Jeffrey Schilling and Filipino Roland Ulla -- were among 19 captives of the Abu Sayyaf group the military was ordered to rescue in a massive operation on Jolo island starting Sept. 16.

Gus Dur not as expected

Gus Dur not as expected From Rakyat Merdeka On our president Abdurrahman "Gus Dur" Wahid, I have the following opinion: When proposed by his supporters from the Nahdlatul Ulama and Muslim scholars from Langitan for presidency, I was optimistic Gus Dur would be elected president of Indonesia and would become the realizer of public aspirations, the crusher of tyranny, the eradicator of the New Order's remainders and Soeharto's cronies, though prior to it he had established a close relationship...

East Java exports reach the highest rate ever

East Java exports reach the highest rate ever SURABAYA: During January to September this year, East Java's export rate increased 38.85 percent. The total volume of exports reached more than 300 million tons worth US$3.8 billion. According to Kresnayana Yahya, a statistician, it is the best rate ever. The monetary crisis and the depreciation of the rupiah could be the main reasons for the success story. But there are other factors too.

Prosecutor Nulis: I will not summon Gus Dur

Prosecutor Nulis: I will not summon Gus Dur JAKARTA (JP): Prosecutor Nulis Sembiring dismissed on Tuesday the possibility of President Abdurrahman Wahid testifying in the State Logistics Agency graft trial. "I refuse to summon witness K.H. Abdurrahman Wahid. I believe he has much more important matters to attend to than testifying in this case," Nulis said during the hearing at the South Jakarta District Court presided over by judge Lalu Mariyun.

Important asset sale

Important asset sale The Indonesian Bank Restructuring Agency's sale of 24 oil palm plantations formerly owned by the Salim Group for Rp 3.6 trillion (US$370 million) to Malaysia's Kumpulan Guthrie Bhd on Monday should be hailed for several reasons. First of all, the sale, concluded through an open and competitive bid, could become a confidence-building deal for the powerful IBRA, which often has been criticized for questionable transactions, both in debt restructuring deals and asset disposals.

Council calls for consistent policy in Kebayoran Baru

Council calls for consistent policy in Kebayoran Baru JAKARTA (JP): The City Council demanded an end to discrimination and inconsistency in the policy of preventing residential zones from becoming business areas. Members focused on Tuesday on Kebayoran Baru in South Jakarta, where public order officials had sealed homes that had been turned into offices after permission was granted by related agencies. The City Tourism Agency, for instance, had issued business permits for restaurants and cafes.

Officials plan Maluku security before holy days

Officials plan Maluku security before holy days AMBON, Maluku (JP): In a bid to prevent more sectarian fighting during the upcoming religious festivities in late December and at New Year, leaders of the violence plagued Maluku province met on Tuesday to talk about security plans. The two-hour meeting led by Maluku Governor Saleh Latuconsina decided, among other things, to field soldiers and police in all spots considered vulnerable to clashes. Pattimura Military Commander Brig. Gen.

Thai flood death toll reaches 53

Thai flood death toll reaches 53 BANGKOK (AFP): Floodwaters in southern Thailand were abating on Tuesday, bringing some relief for residents who struggled to clean up their devastated streets and homes. The Civil Defense Department said the death toll had risen to 53 in the 10 southern provinces affected by the week-long disaster that affected some one million people.

Where to go in Surabaya:

Where to go in Surabaya: Contest * Card Design Contest for Kids at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), Dec. 3. Education * A presentation on Study in the UK at BCITS Surabaya, led by Education Counsellor Ria Widjaja, on Dec. 9. Contact Ria at The British Council Surabaya on (031) 5689958 for more information. Music and Entertainment * The Westin Surabaya, Jl. Embong Malang 85-89 (Phone: 031 5458888): - Java Jimmy's Irish Pub: Live music, Sunday to Thursday, 6 p.

The BKPMD paper chase

The BKPMD paper chase Not long ago Vice President Megawati gave this challenge to people: Don't just complain; give us your suggestions. Accordingly, I'd like to make a suggestion to the Minister of Industry and Trade Mr. Luhut Panjaitan. Last July my company signed an agreement to perform work for the North Sumatra BKPMD. In October we submitted our bill. Recently we began to inquire when the bill might be paid. And inquired, and inquired. For two weeks the key personnel were out of the office.

Kamra members plead for help

Kamra members plead for help By Winahyo Soekanto DENPASAR (JP): Some 40,000 members of the People's Security (Kamra) force across the country may on Dec. 31 lose their low- paying jobs with the cessation of their two-year work contract. Where will they go and what will they do?

House accepts police chief's installation

House accepts police chief's installation JAKARTA (JP): House of Representatives Speaker Akbar Tandjung said on Tuesday that the House had accepted the installation of National Police chief Gen. S. Bimantoro by President Abdurrahman Wahid. "We consider that controversy around the installation (of Bimantoro) is over. We consider that the President has met the procedures," Akbar, who also chairs Golkar Party, said.

Government seeking solution for civilian militia

Government seeking solution for civilian militia JAKARTA (JP): Acting Minister of Defense Susilo Bambang Yudhoyono said on Tuesday that the government would help to solve the problems faced by the 36,000 members of the People's Security (Kamra) civilian militia upon the termination of their services on Dec. 31. "The government will not close its eyes to the sensitive problem being faced by the civilian militia's members as their services will no longer be extended.

Rupiah Rates Nov.28

Rupiah Rates Nov.28 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Indonesia enters 'white list' on SCTW standards

Indonesia enters 'white list' on SCTW standards JAKARTA (JP): Indonesia has obtained recognition from the International Maritime Organization (IMO) for its compliance with the international convention on Standards of Training Certification and Watchkeeping (STCW).

Ex-presidential guard on trial

Ex-presidential guard on trial YOGYAKARTA: Former member of the presidential guard Soekardjo Wilardjito, 73, went on trial on Tuesday on charges of sparking a public furor over the validity of the 1966 presidential order known as Supersemar, which has been declared a state document. Prosecutor Anton Sutedjo said in his indictment read to the Yogyakarta District Court that Soekardjo had given inaccurate testimony about Supersemar and that this had given rise to public disquiet.

Indonesian foreign policy is in total disarray

Indonesian foreign policy is in total disarray It is hard to find a pattern in foreign policy nowadays, writes political analyst J. Soedjati Djiwandono. JAKARTA (JP): Shortly after his election, President Abdurrahman Wahid went on his first foreign tour to visit primarily the majority of Southeast Asian capitals. Soon, however, the President pondered the possibility of forging an Asian triangular alliance with India and China.

Organda to purchase 20,000 Daewoo cars

Organda to purchase 20,000 Daewoo cars JAKARTA (JP): The Association of Land Transportation Owners (Organda) signed a memorandum of understanding (MoU) on Tuesday to purchase 20,000 cars from the ailing South Korea-based Daewoo Motor Co., to replace aging taxis in the Greater Jakarta area. Chairman of Organda's Jakarta chapter Aip Sjarifuddin said Daewoo would supply the 20,000 cars over a period of three years with the first batch of 8,000 vehicles due to arrive in the capital in February 2001.

Holiday travelers to reach 18.6m in 2000

Holiday travelers to reach 18.6m in 2000 JAKARTA (JP): The government announced on Tuesday that some 18.6 million people would leave Jakarta for their hometowns during the upcoming Christmas and Idul Fitri holidays this year. The predicted number is 11 percent higher than last year, when some 16.7 million people left. "Some 17.2 million passengers will take buses, trains or ferries.

RP economy grows 4.8% -- stronger than expected

RP economy grows 4.8% -- stronger than expected MANILA (AP): The Philippine economy grew by a far stronger- than-expected 4.8 percent on year in the third quarter, but its outlook now hinges on whether a political crisis that has hammered investor confidence can be quickly resolved, officials said Tuesday.

How much is that abalone in the window?

How much is that abalone in the window? By Grace Segran JAKARTA (JP): When my friend Raymond e-mailed me about the Rp 11,000,000 abalone, I thought he made a mistake and added too many zeros. A second e-mail confirmed that this was no mistake, that the abalone served at Ah Yat Abalone Forum Restaurant at Mid Plaza on Jl. Sudirman does indeed cost Rp 11 million each.

KL to hire 800 foreign doctors

KL to hire 800 foreign doctors KUALA LUMPUR (AP): The government plans to hire nearly 800 foreign doctors because of a shortage of medical specialists in rural Malaysia, a senior health official said on Tuesday. The doctors will be recruited from Bangladesh, Indonesia and Myanmar, also known as Burma, to work in state-run hospitals, Deputy Health Minister Suleiman Mohamed told the lower house of Parliament.

Ramadhan time for Jakarta

Ramadhan time for Jakarta Wednesday Maghrib 5:57 p.m. Thursday Imsak 3:56 a.m. Subuh 4:06 a.m.

Bakrie creditors approve $1.08 billion debt deal

Bakrie creditors approve $1.08 billion debt deal JAKARTA (JP): Creditors of publicly listed business group PT Bakrie & Brothers approved the company's US$1.08 billion debt restructuring proposal during a vote held by the Central Jakarta Commercial Court, Bakrie said on Tuesday. Bakrie spokesman Lalu Mara Satria Wangsa said the majority of its creditors, representing 91.4 percent or $965.24 million of the company's total debt, had voted in favor for the debt restructuring proposal.

KL palm oil ends lower in Chicago

KL palm oil ends lower in Chicago KUALA LUMPUR (Reuters): Long liquidation dominated the Malaysian palm oil at the close on Tuesday on overnight falls in soyoil futures at the Chicago Board of Trade (CBOT) and high expectations that November exports data would be bearish. "It's so bearish. Floods haven't affected plantations and Indonesia is likely to be more aggressive in selling cheaper oil to the market," said one trader in Kuala Lumpur.

Brimob officers arrested

Brimob officers arrested BOGOR (JP): Some 15 officers of the Kedunghalang Police Mobile Brigade (Brimob) unit, allegedly involved in Sunday's assault on street vendors, have been arrested, a police officer said on Tuesday. Bogor City Police Sr. Supt. Taufik Ridha said the Sunday evening assault against street vendors on Jl. Merdeka was related to the afternoon attack against a street singer at the Baranangsiang bus terminal.

Candra, Tony call on PBSI to allow individual patrons

Candra, Tony call on PBSI to allow individual patrons JAKARTA (JP): Indonesia's world number one men's doubles players Candra Wijaya and Tony Gunawan called on the Badminton Association of Indonesia (PBSI) Tuesday to allow players to have individual sponsorship deals. Candra and Tony -- who saved Indonesia's reputation by claiming the sole gold medal at the 2000 Sydney Olympics -- also questioned the association's policy for the players contract with Japan-based sports equipment company Yonex.

Sutiyoso must take leave of absence: PAN faction

Sutiyoso must take leave of absence: PAN faction JAKARTA (JP): The National Mandate Party (PAN) faction on the City Council joined in the chorus asking Governor Sutiyoso to take a leave of absence from office after he was named a suspect in the 1996 forcible takeover of the Indonesian Democratic Party (PDI) headquarters.

Singapore responds to Abdurrahman's attack

Singapore responds to Abdurrahman's attack JAKARTA (JP): The Singapore government responded sharply on Tuesday to comments made by President Abdurrahman Wahid on the heels of the ASEAN informal summit on the island-nation, refuting many of the allegations made by the Indonesian president. The statement, received here on Tuesday evening, was issued by the press secretary to Singapore Prime Minister Goh Chok Tong.