Indonesian Political, Business & Finance News

Archive: 2 December 2000

60 articles found

Poso suspects set for trial

Poso suspects set for trial PALU, Central Sulawesi: The provincial prosecutor's office filed the dossiers on the main suspects in the Poso violence with the Palu District Court on Thursday.The spokesman for the prosecutor's office, Firdaus Yahya, told Antara on Friday prosecutors also submitted as...

ISP set to launch broadband Internet

ISP set to launch broadband Internet JAKARTA (JP): Internet service provider PT Speed Internet Digital (SpeedNet) plans to launch a fast broadband service in Jakarta either in January or February.SpeedNet general manager Haniana Loeis said broadband Internet would enable users to access the...

The tyranny of global economic development

The tyranny of global economic development This is the second of two articles on developing economies by Sidhesh Kaul, an observer of regional economic and political affairs based in Jakarta. JAKARTA (JP): The Truman strategy in effect is a continuation of the colonial past with the domestic...

Thirteen have died of drug abuse in 3 months

Thirteen have died of drug abuse in 3 months JAKARTA (JP): Thirteen people have died from drugs overdose over the last three months, a senior doctor at the Cipto Mangunkusumo General Hospital says, describing the statistic as alarming.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 1, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,950 0 0 Adindo Foresta Indonesia 110 0 569,500 Alakasa Industrindo 385 0 0 Alfa Retailindo 1,125 0...

House probe into two scandals 'illegal'

House probe into two scandals 'illegal' JAKARTA (JP): President Abdurrahman Wahid struck back at the House of Representatives (DPR) on Friday saying that its probes into two financial scandals allegedly linked to him were "illegal".

Luhut sees no problem with food supplies for holidays

Luhut sees no problem with food supplies for holidays JAKARTA (JP): Minister of Industry and Trade Luhut B. Panjaitan gave assurances on Friday that stocks of food supplies, such as rice, sugar, beef, and cooking oil, were sufficient to meet the expected surge in demand over the Christmas, Idul...

Inflation hits 7.26 percent in 2000

Inflation hits 7.26 percent in 2000 JAKARTA (JP): The Central Bureau of Statistics (BPS) said on Friday that inflation from January to November had reached 7.26 percent, already higher than the government's target of 7.0 percent for the whole year.

Distribute money based on achievements: Players

Distribute money based on achievements: Players JAKARTA (JP): Indonesian world-class shuttlers want the Badminton Association of Indonesia (PBSI) to distribute contract money from Japanese sports equipment producer Yonex, based on athlete's achievements instead of their chosen discipline within the...

STM student murdered

STM student murdered JAKARTA (JP): A group of youths murdered on Friday morning Andri Respati Suisa, 17, in a field in the Ancol residential area in North Jakarta.The freshman at Tanjung Priok Shipping Engineering Vocational High School (STM) died of severe cuts to his body, concentrated on his...

Japanese girl suicide over English

Japanese girl suicide over English JAKARTA (JP): A teenage Japanese girl was found dead in the parking lot of the Senayan Apartments in Central Jakarta early Friday morning.Tanah Abang subprecinct police chief Ass. Supt.

Government not to extend humanitarian pause in Aceh

Government not to extend humanitarian pause in Aceh JAKARTA (JP): The government confirmed on Friday it would not extend the humanitarian pause in restive Aceh province but would turn to stiff measures if the separatist rebel group failed to show commitment to peace.

Two drug convicts escape, one injured

Two drug convicts escape, one injured TANGERANG (JP): In a daring escape attempt, three convicts climbed a four-meter wall surrounding the Tangerang Women's Penitentiary in the early hours of Friday.Two managed to escape, but the third, identified as Ranni Andriani, 25, a cocaine smuggler with a...

Official issues warning on use of phenylpropanolamine

Official issues warning on use of phenylpropanolamine JAKARTA (JP): Prolonged use or an overdose of phenylpropanolamine (PPA), contained in flu and cough medicines, can cause hemorrhagic stroke, an official warned on Friday.

Estrada denies all allegations against him

Estrada denies all allegations against him MANILA (AP): President Joseph Estrada denied all accusations against him in a brief response Friday to the impeachment complaint under which he will be tried by the Senate starting next week on corruption and other charges.

Beware, premium mixed with water

Beware, premium mixed with waterFrom Warta KotaI had a bitter experience that the public should be aware of. On Nov. 26 at about 1 p.m., I bought 30 liters of premium at gasoline station No. 34-0695 in Cikuda village, Karya Mekar, Purwakarta subdistrict.

Dilemma of taxi drivers

Dilemma of taxi drivers People in Jakarta are facing a new and strange phenomenon. There are people going around asking taxi drivers for money when they pick up passengers in areas that are supposedly their "territory".

Malang's mask puppets wait for new talents

Malang's mask puppets wait for new talentsBy Tarko Sudiarno and Nugroho CH MALANG, East Java (JP): The charm of the mask puppet show is too strong for Mohammad Soleh Adi Pramono to resist, luring him away from his teaching career at Malang's Teachers Training Institute to develop and preserve the...

Brunei agency sells stake in Malaysia Airlines

Brunei agency sells stake in Malaysia Airlines KUALA LUMPUR (AFP): Brunei Investment Agency has sold its stake in loss-making Malaysia Airlines Systems Bhd. (MAS), the national carrier announced Friday.The Brunei agency sold its 9.

Farikha to report Rusdihardjo over defamation

Farikha to report Rusdihardjo over defamation JAKARTA (JP): Siti Farikha, a Semarang-based businesswoman who is closely related with the multibillion rupiah State Logistics Agency (Bulog) scandal, is planning to report former police chief Gen.

Disabilities should not hinder rights

Disabilities should not hinder rights JAKARTA (JP): Physical accessibility in public life for the country's six million disabled persons is needed to improve their welfare, Minister of Health and Social Welfare Achmad Sujudi said on Friday.

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 Menangkap Bayang-Bayang, by Balinese artists, Galeri INA, Jl. Simprug Garden Blok G no.

Rupiah Rates Dec. 30

Rupiah Rates Dec. 30 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,010.00 10,010.00 9,462.00 9,558.00Australian dollar 1 4,797.83 5,335.33 5,038.52 5,094.41Austrian schilling 1 573.39 637.40 602.16 608.61Belgian franc 1 195.59 217.42 205.40 207.

Jakarta hotels occupancy rate on the rise

Jakarta hotels occupancy rate on the riseBy Mehru Jaffer JAKARTA (JP): The season of fun and games may be upon everyone else, but for the city's hotels the holiday is over. There is plenty to do as corridors crowd up once again and the business is brisk.

Clarification

Clarification With regards to the news story published in The Jakarta Post dated Nov. 30, 2000 on page 1, titled Govt issues higher coupon rate bonds, there was a mistake in the introduction of Mr. Krishna Suparto, a member of Bank Danamon's new management team.

Most Asian currencies close higher against U.S. dollar

Most Asian currencies close higher against U.S. dollar SINGAPORE (Dow Jones): Asian currencies finished local trading hours a touch stronger against the U.S. dollar Friday, with the slumping South Korean won getting help from a state-run bank.

Men vital in fight against AIDS

Men vital in fight against AIDSBy Wita Krisanti JAKARTA (JP): Indonesia were struck in 1987 when the country's first AIDS case was uncovered in Bali, when a tourist died due to an "unknown" illness. It was only a few years later that HIV/AIDS campaigns began in Indonesia.

Stern measures to be taken against officials

Stern measures to be taken against officials JAKARTA (JP): Governor Sutiyoso vowed on Friday to impose stern measures against officials proven to have received Rp 4 billion (US$425,500) from the Ancol leisure complex developer, and then used to finance overseas trips for six councillors and 11 city...

'DGS defaults on payment'

'DGS defaults on payment' HONG KONG (Dow Jones): Indonesian fishing concern P.T. Daya Guna Samudra will only pay half of its coupon payment due Friday, bankers in Hong Kong said.According to the bankers, the company said it would pay the other half Jan. 5, 2001.

IMF to send mission to RI to discuss LoI

IMF to send mission to RI to discuss LoI WASHINGTON (Reuters): The International Monetary Fund said on Thursday it would send a mission to Indonesia next week to discuss a letter of intent with authorities and set fresh economic targets.

Inpex, Petrobras plan tie-up

Inpex, Petrobras plan tie-up TOKYO (AFX-ASIA): Nissho Iwai Corp and Indonesia Petroleum Ltd (Inpex) have reached agreement with Brazil's Petrobras to help develop an offshore oil field near Rio de Janeiro.

Dec. 1 observed peacefully in Irian

Dec. 1 observed peacefully in IrianBy Emmy Fitri JAYAPURA, Irian Jaya (JP): Police on Friday evening lowered the Morning Star separatist flag in a tense but emotional ceremony which capped the day-long commemoration observance of the 1961 unrecognized declaration of independence.

Governor to be reported to ILO

Governor to be reported to ILO SEMARANG: The All-Central Java association of textile, garment and leather trade unions is planning to file a complaint against Governor Mardiyanto with the International Labor Organization (ILO) for approving a low minimum regional salary.

Vietnam's pipeline project

Vietnam's pipeline project HANOI (DPA): Vietnamese officials will sign agreements next Wednesday with a consortium of foreign investors led by British Petroleum for a pipeline project that forms part of a US$1.5 billion exploitation scheme, a government minister said Friday.

Tjager named director general of state firms

Tjager named director general of state firms JAKARTA (JP): Finance Minister Prijadi Praptosuhardjo officially installed I Nyoman Tjager as the director general of state-owned enterprises (SOEs) on Friday.

Mail expected to increase by 50%

Mail expected to increase by 50% JAKARTA (JP): The amount of mail sent by residents of Greater Jakarta is expected to increase by 50 percent during the upcoming Christmas and Idul Fitri holidays, an official at the state-owned mail service company PT Pos Indonesia said on Friday.

KPKPN is set to audit wealth of 50,000 officials

KPKPN is set to audit wealth of 50,000 officials JAKARTA (JP): The newly established State Official Wealth Audit Agency (KPKPN) is set to audit the wealth of some 50,000 state officials, ranging from President Abdurrahman Wahid to officials at regency and mayoralty levels nationwide.

Official vows for safety of Irish beef

Official vows for safety of Irish beef JAKARTA (JP): Despite a growing fear of mad cow disease from European beef, Jakarta will continue to import beef from Ireland based on the central government's recommendation.

Most fires caused by short circuits

Most fires caused by short circuits TANGERANG (JP): Tangerang Fire Department chief H.E. Bachrudin disclosed on Thursday that Jatiuwung and Batuceper were the most fire-prone areas among the four districts in the municipality.

Jl. Gajah Mada three centuries ago

Jl. Gajah Mada three centuries agoBy Ida Indawati Khouw Jl. Gajah Mada and Jl. Hayam Wuruk in West and Central Jakarta respectively are streets that motorists avoid during office hours because of the horrendous traffic.

New Indonesia must accept religious, ethnic and cultural pluralism

New Indonesia must accept religious, ethnic and cultural pluralism JAKARTA (JP): A nationwide acceptance of religious, ethnic and cultural pluralism is a preliminary requirement for the peaceful and quick construction of a new Indonesia, according to two influential intellectuals.

The party is over for oil-rich Brunei

The party is over for oil-rich BruneiBy Frank Brandmaier BANDAR SERI BEGAWAN (DPA): The small nation of Brunei appears to be a mixture of the legendary 1,001 Nights and the Guinness Book of Records.Until a few years ago, Brunei's ruler, Sultan Hassanal Bolkiah, was regarded as the world's richest...

Just desserts

Just desserts Far be it from me to comment on any of the historical Facts on Israel in Your Letters in the Nov. 1, 2000, edition. But when Cynthia Cross observes that "the settlers ... made the dessert (Indonesian: makanan pencuci mulut) bloom" so that "as the desert (Indonesian: gurun pasir)...

Anwar still a threat behind bars

Anwar still a threat behind bars KUALA LUMPUR (Reuters): Malaysia's jailed former deputy prime minister Anwar Ibrahim is being treated again for a bad back after officials relented and allowed his family to visit him in hospital this week, his lawyer said on Friday.

Seven islands in the Seribu chain to disappear

Seven islands in the Seribu chain to disappear JAKARTA (JP): A senior researcher with the Indonesia Institute of Sciences (LIPI) said on Friday that seven islands in the Seribu Islands chain will perish if the authorities fail to implement preventive measures.

Four killed in Minahasa floods

Four killed in Minahasa floods JAKARTA (JP): Four people were killed, two infants are still missing and four other people were injured when a huge flood hit the regency of Minahasa, North Sulawesi, on Friday morning.

Utut bows out to Peng in World Chess C'ships

Utut bows out to Peng in World Chess C'ships JAKARTA (JP): Indonesian Grand Master Utut Adianto had to bow out to Chinese GM Peng Xiaomin in the first match of the second round at the 2000 FIDE World Championships in New Delhi on Thursday.

York Life enters Vietnam

York Life enters Vietnam HANOI (DPA): U.S. insurance giant New York Life opened its representative office in Hanoi Friday, and pledged substantial long-term investment in the country as Vietnam and the United States forge closer economic ties under a recently signed trade agreement.

Cry freedom

Cry freedom The much anticipated clashes between security forces and the pro-independence movement in Irian Jaya on Friday failed to materialize, thanks to cool heads prevailing among leaders on both sides.

'Police must prevent attacks on entertainment centers'

'Police must prevent attacks on entertainment centers' JAKARTA (JP): Governor Sutiyoso asked the city police on Friday to stop the rampant attacks on entertainment centers during the fasting month of Ramadhan.

Government approves debt restructuring for Chandra Asri

Government approves debt restructuring for Chandra Asri JAKARTA (JP): The government said on Friday that it had approved a debt restructuring deal for the petrochemical giant PT Chandra Asri under which businessman Prajogo Pangestu would get a 49 percent stake, the government 31 percent and Japan's...

Men, please take care of your reproductive health: Khofifah

Men, please take care of your reproductive health: Khofifah JAKARTA (JP): Chairperson of the National Family Planning Board Khofifah Indar Parawansa called on Friday for all Indonesian men to improve their awareness of the health of their reproductive system.

Equity bulls poised for comeback in Asia

Equity bulls poised for comeback in Asia HONG KONG (Reuters): Equity bulls could be back in Asia in 2001, with nearly 92 percent of fund managers polled in a new survey backing them to be the best performing assets in the coming year, but the Philippines and Indonesia remain unloved.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturday Maghrib 5:59 p.m.Sunday Imsak 3:56 a.m.Subuh 4:06 a.m.

No more factory outlets allowed

No more factory outlets allowed BANDUNG: The city administration here has suspended the issuance of licenses for factory outlets until January next year because of public complaints of traffic jams resulting from the stores.

Battles erupt over N. Korea in Seoul as families meet

Battles erupt over N. Korea in Seoul as families meet SEOUL (AFP): Student riots and political battles over North Korea erupted in Seoul on Friday as 200 people met with relatives they had not seen since Korea's Cold War frontier went up 50 years ago.

Electronic goods smuggling attempt foiled by customs

Electronic goods smuggling attempt foiled by customs JAKARTA (JP): Customs and Excise officials foiled an attempt on Thursday to smuggle eight containers of electronic goods through Tanjung Priok seaport in North Jakarta.

EU anti-dumping on Asian PET

EU anti-dumping on Asian PET BRUSSELS (AFX): EU member states said they confirmed anti- dumping and countervailing duties, to counter unfair subsidies, on imports of certain types of polyethylene terephthalate from India, Indonesia, Malaysia, South Korea, Taiwan and Thailand.

City to create five holding companies

City to create five holding companies JAKARTA (JP): The city administration will establish five holding companies in a bid to restructure all of the 33 city- owned companies with the first one to be launched on Dec. 15, an official said on Friday.

Gulf drills prolific Indonesian gas well

Gulf drills prolific Indonesian gas well CALGARY (Reuters): Gulf Canada Resources Ltd. said on Thursday that a newly completed well in Indonesia flowed natural gas at the highest rate of any it has drilled in the South Sumatra region.