Indonesian Political, Business & Finance News

Archive: 13 December 2000

52 articles found

KL foreign debt reaches $41b

KL foreign debt reaches $41b KUALA LUMPUR (AFP): Malaysia's foreign debt totaled 156.9 billion ringgit (US$41.28 billion) as of the end of September, parliament was told Tuesday.Deputy Finance Minister Chan Kong Choy said 48.6 percent of the total, or 76.

Gus Dur, change or step down

Gus Dur, change or step downFrom RepublikaMr. President, you keep making controversial statements while our country is encountering a host of problems: economic crisis, national disintegration, corruption, absence of the supremacy of law and the street justice increasingly practiced by some members...

Bank records turned over to Estrada trial

Bank records turned over to Estrada trial MANILA (Reuters): The Philippines' third largest bank on Tuesday surrendered confidential records to a court hearing embattled President Joseph Estrada's impeachment trial after prosecutors said the papers were needed to convict him.

House's choices for chief justice not binding: Harun

House's choices for chief justice not binding: Harun JAKARTA (JP): The House of Representatives' choices for chief justice sent to the President are not binding, a constitutional law expert said on Tuesday.Harun Alrasid, a professor at the University of Indonesia, said Law No.

Old woman killed for alleged shaman

Old woman killed for alleged shaman PAMEKASAN, East Java: Eight unknown men in Ninja cloths have killed 60-year-old Surimti who they alleged to have practiced black magic (santet) in Blaban village, Batumarmar district, Pamekasan regency, East Java.Pamekasan Police Chief Supt.

S'pore 'vulnerable' to Indonesian unrest

S'pore 'vulnerable' to Indonesian unrest SINGAPORE (Dow Jones): A repeat of Indonesia's May 1998 social and political upheaval could deliver a significant blow to Singapore's economy, according to a new study examining the relationship between the two countries.

Bad loans hamper Thai banks' recovery

Bad loans hamper Thai banks' recovery BANGKOK (AFP): Thailand's embattled banking sector will slowly begin to recover in 2001 but a morass of non-performing loans will continue to plague the industry, Merrill Lynch said in a report Tuesday.

Drug convict Agus Isrok still in the Army

Drug convict Agus Isrok still in the Army JAKARTA (JP): Drug convict Second. Lt. Agus Isrok of the Army's Special Forces (Kopassus) has been deemed to have accepted the Jakarta Military High Court's verdict of last month, which reduced his jail sentence and reinstated him as an Army officer, the...

Blind nationalism

Blind nationalism Nationalism, in the narrowest sense of the term, has reared its ugly head once again in this country this past week with the latest row between Indonesia and the United Nations. The climax was Monday's attack on a car carrying UN officials after they visited the House of...

Visa reports success with Electron debit cards

Visa reports success with Electron debit cards JAKARTA (JP): Visa International said here on Tuesday that the number of its Visa Electron debit cardholders had exceeded one million since its first launch in the country earlier this year.Visa country manager Ellyana C.

Asia Nov online ads at $166.29m

Asia Nov online ads at $166.29m NEW YORK (AFX): Asian online advertising in November totaled an estimated US$166.297 million, according to a report by AdZone Interactive, an advertising research firm that tracks advertising on over 125,000 sites worldwide.

City bylaws needed for asset takeover

City bylaws needed for asset takeover JAKARTA (JP): Experts are urging the city administration to draft city bylaws in a bid to take over various valuable assets in the capital ahead of next month's rolling out of regional autonomy.

Malaysian palm oil firms struggle to cut costs

Malaysian palm oil firms struggle to cut costs KUALA LUMPUR (Dow Jones): In the Malaysian palm oil sector, the race is now on for plantation companies to be the leanest and fittest.With the slump in palm oil prices expected to continue through next year, many are cutting costs to safeguard bottom...

Indonesian Navy to deploy 27 warships for holidaymakers

Indonesian Navy to deploy 27 warships for holidaymakers JAKARTA (JP): The Indonesian Navy will deploy 27 of its warships to help transport millions of people who will be traveling by seas in the coming holiday season, the Ministry of Communications said on Tuesday.

Brother of KL leader dies

Brother of KL leader dies KUALA LUMPUR (AP): Mahadi Mohamad, the older brother of Malaysian Prime Minister Mahathir Mohamad, died on Tuesday after suffering a fall in the bathroom of his home, the national news agency Bernama reported. He was 86.

Inquiry slams cruise liner sinking

Inquiry slams cruise liner sinking SINGAPORE (AFP): An investigation into the sinking of the cruise liner Sun Vista has cited serious deficiencies in the ship and questioned whether it should even have been carrying passengers, a report said on Tuesday.

RI shuttlers must have managers: Business expert

RI shuttlers must have managers: Business expert JAKARTA (JP): With their international achievements, it is time for Indonesian shutters to have their own managers to negotiate contracts with sponsors.The point was addressed on Tuesday by business expert Rhenald Kasali in a discussion on "Measuring...

C. Java only sends one shooter

C. Java only sends one shooter SEMARANG (JP): The Indonesian Target Shooting and Hunting Association (Perbakin) has invited Shilla Prasasti from Central Java to join the training program for the 2001 Southeast Asian (SEA) Games.

Military men arrested over firecrackers

Military men arrested over firecrackers JAKARTA (JP): Three military personnel were arrested for playing with firecrackers on Monday, a police report said.The report said the military men, namely Second Sgt. M. Syaifuddin, Second Pvt. Wastin, and Second Pvt.

UN barred from grilling TNI troops

UN barred from grilling TNI troops JAKARTA (JP): Indonesian Military (TNI) chief Adm. Widodo A.S. said here on Tuesday that Jakarta would not allow its troops to be questioned by UN investigators over last year's violence in East Timor.

Thai, Lufthansa promote ties

Thai, Lufthansa promote ties BANGKOK (AFP): Thai Airways International and Lufthansa said Tuesday they may step up their codeshare agreement with a deal to share the cost and earnings of their operations between Germany and Thailand.

Minister confirms explosion was bomb

Minister confirms explosion was bomb VIENTIANE (AP): Laos's foreign minister suggested on Tuesday that an explosion this week in the capital was caused by a bomb left over from the Vietnam War, but said it was not aimed at an ASEAN-EU ministerial conference.

Dharma Wanita 'rejects removal of polygamy ban'

Dharma Wanita 'rejects removal of polygamy ban' JAKARTA (JP): The organization of civil servants' wives Dharma Wanita Persatuan asserted on Tuesday its rejection of the planned removal of the ban on polygamy for civil servants."Our stance is clear. We support the enactment of PP.

Wine taster says the right bottle is up to you

Wine taster says the right bottle is up to youBy Harry Bhaskara JAKARTA (JP): "It is very difficult to say which wine is the best because it depends on the individual," said Madame May- Eliane de Lencquesaing.

PT Pos to relax monopoly on letter delivery: Official

PT Pos to relax monopoly on letter delivery: Official JAKARTA (JP): Director General of Post and Telecommunications Sasmito Dirdjo said on Tuesday the monopoly on letter delivery held by state postal company PT Pos Indonesia would be lifted gradually.

Bulog scandal suspect Suwondo to be transferred to Salemba jail

Bulog scandal suspect Suwondo to be transferred to Salemba jail JAKARTA (JP): Alip Agung Suwondo, a main suspect in the multibillion rupiah State Logistics Agency (Bulog) scandal, is scheduled to spend his days and nights at the Salemba Penitentiary starting Wednesday, a police officer said.

Holidaymakers 'cheated' by Ancol theme park

Holidaymakers 'cheated' by Ancol theme park JAKARTA (JP): Many holidaymakers, including those from out of town, say they feel cheated by the closure of Dunia Fantasi theme park, a fact they only learned after paying their entrance fees to Ancol Dreamland in North Jakarta.

Rupiah Rates Dec.12

Rupiah Rates Dec.12 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8.825.00 9,825.00 9,278.00 9,372.00Australian dollar 1 4,769.03 5,314.34 5,013.83 5,059.31Austrian schilling 1 562.39 626.47 591.26 597.59Belgian franc 1 191.84 213.70 201.68 203.

TV today

TV todayTVRI 3:30 a.m. Ramadhan Special: Uraian Syiar Sahur 4:30 Ramadhan Special: Koran Recital 5:30 Ramadhan Special: Pelajaran Iqro 6:00 News 8:00 Children's Program 8:30 Music 9:00 Interval 2:00 p.m News 2:30 Talk Show 3:30 Music 4:00 News 4:30 Culture Program 5:00 Ramadhan Special: Mutiara...

UNTAET, Portugal, RI call for E. Timor reconciliation

UNTAET, Portugal, RI call for E. Timor reconciliation JAKARTA (JP): The UN Transitional Administration in East Timor (UNTAET), Portugal and Indonesia called for on Tuesday the importance of a reconciliation among conflicting East Timorese factions prior the territory's declaration of independence.

Susanto survives first test

Susanto survives first test JAKARTA (JP): Young Indonesian chess player Susanto Megaranto survived the first test in the Asian Continental Boys Under-16 championships at the National Power Corporation (NPC) training center at Bataan, the Philippines, on Tuesday.

Ramadhan time for Jakarta

Ramadhan time for JakartaWednesday Maghrib 6:04 p.m.Thursday Imsak 4:00 a.m.Subuh 4:10 a.m.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 12, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,375 -75 916,000 Adindo Foresta Indonesia 105 0 86,500 Alakasa Industrindo 425 0 0 Alfa...

Police detain court receiver in Manulife case

Police detain court receiver in Manulife case JAKARTA (JP): The police said on Tuesday that they had detained the court receiver in an alleged sales scam involving insurance company PT Asuransi Jiwa Manulife Indonesia (AJMI).National Police spokesman Brig. Gen.

ASEAN, EU end landmark conference

ASEAN, EU end landmark conference VIENTIANE (AP): A European Union minister praised Myanmar's military junta on Tuesday for agreeing to free opposition leader Aung San Suu Kyi from house arrest and to allow an EU delegation to meet with the Nobel Peace Prize laureate next month.

The answer is out there

The answer is out thereBy Rob Goodfellow WOLLONGONG, Australia (JP): Steve Sondakh, who wrote, "When can we resume business?" recently in this newspaper, is a member of the National Economic Restoration Committee and director of PT Hero Supermarkets.

Where to go in Surabaya

Where to go in SurabayaMusic and Entertainment * The Westin Surabaya, Jl. Embong Malang 85-89 (Phone: 031 5458888): - Java Jimmy's Irish Pub: Aia Reforms Band, Monday to Sunday, 6 p.m. to 2 a.m., Thursday to Saturday, 6 p.m. to 4 a.m. * Hyatt Regency Surabaya, Jl. Jend.

Govt fails to reach deal with Prajogo over assets

Govt fails to reach deal with Prajogo over assets JAKARTA (JP): The government failed on Tuesday to reach a deal with tycoon Prajogo Pangestu to surrender his personal assets to repay debt.The Financial Sector Policy Committee (FSPC) said that the assets proposed by Prajogo did not meet the...

RI still faces difficulty raising foreign investment

RI still faces difficulty raising foreign investmentBy Kornelius Purba TOKYO (JP): Indonesia will still face difficulties in attracting foreign investment next year, especially from Japan, if political uncertainty and security instability remain, an official of the powerful Japan External Trade...

Textile exports decline in 2000

Textile exports decline in 2000 JAKARTA (JP): Indonesia's textile export revenue this year is estimated to reach only US$7.3 billion, down from last year's $7.5 billion and well short of the $8 billion target, according the Indonesian Textile Association (API) on Tuesday.

Van Der Horst reports bank to police over withdrawal of Rp 5b

Van Der Horst reports bank to police over withdrawal of Rp 5b JAKARTA (JP): Bank Victoria International was reported to the police on Tuesday for its refusal to allow a publicly listed company to withdraw Rp 5 billion of its money.Prominent businessman Edward S.

City authorities want 6% to 49% hike in tap water fees

City authorities want 6% to 49% hike in tap water fees JAKARTA (JP): The city is proposing a hike in tap water fees, ranging from 6 percent to 43.09 percent.Governor Sutiyoso said Tuesday the increase was needed to cover the rising operating costs of the city water companies.

New methodology for civics, moral teachings introduced

New methodology for civics, moral teachings introduced JAKARTA (JP): The Ministry of National Education introduced, on Tuesday, new methodology for civics and moral teachings to replace the present normative method."I'm afraid that our children are lacking pride in being Indonesian.

ISSI can win SEAG overall title

ISSI can win SEAG overall title SEMARANG (JP): The Deputy Secretary General of the Indonesian Cycling Association (ISSI) Sofyan Ruzian was optimism that Indonesia could win the overall title in the cycling event at the 2001 Southeast Asian (SEA) Games in Kuala Lumpur.

Forestry ministry has new helicopters

Forestry ministry has new helicopters JAKARTA (JP): The Ministry of Forestry began operating on Tuesday its two new Bell-142 helicopters, which will be used mainly to combat forest fires.The ministry received the aircraft on Monday from PT Daya Jasa Transindo Pratama, which won the tender to...

Religious leaders' help needed to end conflicts

Religious leaders' help needed to end conflicts YOGYAKARTA (JP): Religious leaders must accept pluralism to prevent the country from disintegrating as religious intolerance has been threatening national unity, a scholar warned here on Tuesday.

'Indosiar' programs win awards in S'pore

'Indosiar' programs win awards in S'pore JAKARTA (JP): The bi-weekly professional boxing show Gelar Tinju Profesional Indosiar, broadcast live every Thursday and Friday on Indosiar television, won Best Sports Program at the Asian Television Awards 2000 in Singapore last week.

Rights body probes 'religion change'

Rights body probes 'religion change' AMBON, Maluku (JP): The National Commission on Human Rights (Komnas HAM) is currently investigating reports that hundreds of Christians living on Kesui Island are allegedly being forced to change their religion.Bambang W.

Eight killed in Kulonprogo landslides

Eight killed in Kulonprogo landslides YOGYAKARTA (JP): Eight people died and six others went missing on Monday in mudflows caused by landslides in the remote areas of Semagung, Ngaren and Kalijeruk, in Kalibawang district, Kulonprogo regency, some 30 kilometers northwest of here.

Bleak December

Bleak December Instead of entering December with hope and anticipation for happiness in the new year, and joy at the end of the fasting month of Ramadhan and the approaching Chinese New Year, the people of Indonesia have black eyes from lack of sleep and a bleak prospect due to rising prices and...

Asian currencies mostly weaker; except peso

Asian currencies mostly weaker; except peso SINGAPORE (Dow Jones): Asian currencies were mostly softer Tuesday as the dollar garnered regional support from its strength against the yen.The only regional currency to gain versus the dollar was the Philippine peso, which edged higher on seasonal...

KL says opposition using 'intifada'

KL says opposition using 'intifada' KUALA LUMPUR (AFP): Malaysia's deputy premier accused the Islamic opposition party on Tuesday of exploiting the Palestinian intifada as a pretext to stage antigovernment protests here.