Indonesian Political, Business & Finance News

Archive: 22 December 2000

84 articles found

An airline with a fleet of one... Why not?

An airline with a fleet of one... Why not? JAKARTA (JP): The country's skies are becoming crowded like at no other time in recent years. New commercial airlines are considered a lucrative enterprise, with investors rushing in, even if they have only one aircraft.

'We must free ourselves from the shackles of pessimism

'We must free ourselves from the shackles of pessimism The Indonesian capital market, one of business sectors hardest hit by the economic crisis, is showing signs of recovery. Below are excerpts taken from an interview with the president of the Jakarta Stock Exchange (JSX) Mas Achmad Daniri on...

Don't bring relatives: Sutiyoso

Don't bring relatives: Sutiyoso JAKARTA (JP): Governor Sutiyoso urged all Jakartans spending the week-long festive holidays at home not to bring relatives or friends back with them to the capital.The arrival of new migrants here will only be a burden to the city, he said during a visit to several...

C. Java targeting three cyclist for SEA Games

C. Java targeting three cyclist for SEA Games SEMARANG (JP): The Indonesian Cycling Association (ISSI) Central Java chapter is targeting three of its seven cyclists to join the country's 2001 Kuala Lumpur Southeast Asian (SEA) Games squad.

Ringing in the era of competition in telecommunications

Ringing in the era of competition in telecommunicationsBy I. Christianto JAKARTA (JP): The implementation of Telecommunications Law No. 36/1999 in September this year ended the era of monopoly of the country's telecommunications sector.

65 soldiers sacked this year

65 soldiers sacked this year MAKASSAR, South Sulawesi: As many as 65 soldiers under the auspice of the Wirabuana Military Command have been sacked for various reasons this year.Quoting records made from January to November, chief of legal section Capt.

Most banks put their faith in risk-free promisory notes

Most banks put their faith in risk-free promisory notes JAKARTA (JP): The fact that most of banks still prefer to invest their money in the relatively risk-free SBI notes rather than lend money to the real sector could also add to the economic uncertainty.

Sex aids seized at Soekarno-Hatta

Sex aids seized at Soekarno-Hatta TANGERANG (JP): Customs and Excise officers at Soekarno-Hatta International Airport have foiled several attempts to smuggle sexual aids and pornographic VCDs into the country over the past six months, an official said on Thursday.

Taiwan releases SIA pilots: Airline

Taiwan releases SIA pilots: Airline SINGAPORE (AFP): Taiwan has freed the three Singapore Airlines (SIA) pilots detained more than seven weeks since the crash of an SIA plane that left 83 people dead in Taipei, an airline spokesman said on Thursday.

Economy still troubled despite sign of recovery

Economy still troubled despite sign of recoveryBy Reiner S. JAKARTA (JP): The economy is still facing several critical challenges in 2001 despite continuing signs of the economic recovery process.Economists said that one of the most important challenges is the restructuring of the country's huge...

Banten to have governor soon

Banten to have governor soon TANGERANG (JP): Acting Banten governor Hakamuddin Djamal said on Thursday that he was trying to complete his task in less than six months set by the central government, so as to allow a gubernatorial election to be held ahead of schedule.

West Java falls short in tourism designs

West Java falls short in tourism designsBy Yuli Tri Suwarni BANDUNG (JP): With implementation of regional autonomy looming in 2001, West Java tourist businesses are still experiencing problems concerning their tourist attractions and infrastructure.

RP economy may slow down

RP economy may slow down MANILA (AFP): Philippine economic growth is expected to slow down in 2001, the economic planning secretary said on Thursday, although the quick resolution of President Joseph Estrada's corruption trial may help pull up growth figures.

Should Indonesia consider new ties with Australia?

Should Indonesia consider new ties with Australia?By Siswo Pramono CANBERRA (JP): The recently released Australian defense white paper calls for new defense ties with Indonesia. Indonesia- Australia relations have crashed since East Timor crisis.

Ailing banking industry off the critical list

Ailing banking industry off the critical listBy Reiner S. JAKARTA (JP): The financial condition of domestic banks has improved after the government completed its costly bank recapitalization program, but experts warn that the industry is not out of the woods yet as their internal condition is still...

Jakarta hotels wait and see for tourists to make a return

Jakarta hotels wait and see for tourists to make a returnBy Mehru Jaffer JAKARTA (JP): Dutchman Edward Douwes Dekker first described the islands of the Indonesian archipelago as a string of emeralds on the equator.

The thorns in the sides of the oil and mining industries

The thorns in the sides of the oil and mining industriesBy Johannes Simbolon JAKARTA (JP): The country's oil and mining industries was in deeper trouble this year as local communities, supported by non- governmental organizations, continued their attack on the industries amid the lingering reform...

India's anti-dumping move

India's anti-dumping move NEW DELHI (AFX-ASIA): The government has imposed an anti- dumping duty of US$44.27 per metric ton on phthalic anhydride imports from Indonesia with effect retroactively from May 23, 2000, the Ministry of Finance said.It said the duty will be in force for five years.

KL palm oil down on short covering interest

KL palm oil down on short covering interest KUALA LUMPUR (Reuters): Malaysian palm oil futures closed off their lows on Thursday on short covering interest, helped by private forecaster Ivan Wong's projection of lower stocks at the end of December, traders said.

Focus shifts on Estrada's aide

Focus shifts on Estrada's aide MANILA (AFP): Philippine President Joseph Estrada's alleged custodian for illegal gambling bribes deposited shopping bags filled with millions of pesos at several banks, according to bank officials who testified on Thursday at the leader's corruption trial.

Political conflict bites into stock market price index

Political conflict bites into stock market price indexBy David Gordon JAKARTA (JP): Brilliant, daring and assertively intelligent, higher education (frequently education abroad), bank checking and saving accounts, business ventures, stock market investments, real estate investments and...

Upset Kamra leave Jakarta, plan response

Upset Kamra leave Jakarta, plan response JAKARTA (JP): Angry with the government, approximately 1,000 People's Security Militia (Kamra) members from Central Java left the capital for their hometowns on Thursday, pledging to do "something" to express their dissatisfaction.

Indonesian tourism ready and waiting for business

Indonesian tourism ready and waiting for businessBy Tantri Yuliandini JAKARTA (JP): People tend to look back at the 1990s as the golden years of Indonesian tourism.And no wonder -- with tourist arrivals steadily growing at an average rate of 16 percent and bringing in as much as US$6.

Appeal to political elite

Appeal to political eliteFrom Rakyat MerdekaAs a freedom fighter of the 1945 generation, I, Let. Gen. (ret) M. Jasin, 80 years of age, have prepared an appeal to the political elite. It was exactly three months ago that Sultan Hamengkubuwono X invited four high ranking state officials -- the...

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Photo Exhibition: A Letter from the Ocean by Mosista Pambudi at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta (Phone: 3458771), until Jan. 24.

Can Bandung be a trip down memory lane?

Can Bandung be a trip down memory lane? BANDUNG (JP): Far removed from the crowded tourist haunts of Bali and Jakarta, the provincial capital of West Java attracts its own unique type of tourists.It's not what is sparkling and new about Indonesia that draws them to the city cradled in a ring of...

Natural way of things what counts for one business

Natural way of things what counts for one business JAKARTA (JP): It seems like an ideal partnership -- and a guaranteed recipe for business success.Bring in a body care store which prides itself on its natural products in a country of more than 200 million people, many of whom have grown up with...

Revamped Merpati seeks to earn its wings

Revamped Merpati seeks to earn its wings JAKARTA (JP): Floating shares and becoming considered a world- class company is enough for most corporations to prove their efficiency and value.These goals are part of the vision of state-owned domestic air carrier Merpati Nusantara Airlines, which has just...

Police declare war on scalpers

Police declare war on scalpers JAKARTA (JP): With the demand for tickets rising steadily, City authorities here on Thursday declared war against ticket scalpers exploiting the public rush for intercity transport during the holiday season exodus.Jakarta Police chief Insp. Gen.

President denies rumors of Cabinet shake-up

President denies rumors of Cabinet shake-up JAKARTA (JP): Speaking during the last Cabinet meeting of the year, President Abdurrahman Wahid reiterated on Thursday that there would be no Cabinet reshuffle.

50 hopefuls will compete for MAT

50 hopefuls will compete for MAT JAKARTA (JP): PT Philip Morris Indonesia will hold the local competition for its adventure program Marlboro Adventure Team (MAT) Winter Challenge 2000 at Bromo Mountain, East Java, late January.

Outlets bringing in domestic tourists

Outlets bringing in domestic touristsBy Kafil Yamin BANDUNG (JP): "Irma" played a part in Bandung's notorious traffic congestion on a recent weekend.She bundled all her family members into two vans, and headed from their home in Pasar Minggu, South Jakarta, to Bandung, a three-hour drive.

Magnificent Bromo needs respect -- and protect

Magnificent Bromo needs respect -- and protectBy Simon Marcus Gower BROMO, East Java (JP): A little after 3 a.m. is not ordinarily a time that one would choose to take a walk, but then there is nothing ordinary about a trip to Mount Bromo.

BI may open on Dec. 29 if necessary: Official

BI may open on Dec. 29 if necessary: Official JAKARTA (JP): Bank Indonesia said on Thursday that its office may open on Dec. 29 if it is necessary to help banks meet their cash demand during the year-end holidays.

Councilors who receive payoffs asked to resign

Councilors who receive payoffs asked to resign JAKARTA (JP): Councilors receiving payoffs from city officials and business people while conducting official duties must resign, an activist said on Wednesday."It is about moral standards.

Something for everyone in beautiful Bandung

Something for everyone in beautiful Bandung Despite increasing traffic and a swelling population of more than three million, Bandung retains the charm which made it a favorite posting and retirement area for the Dutch during the colonial era.

Environment watchdog demands ban on leaded gas

Environment watchdog demands ban on leaded gas JAKARTA (JP): Environmentalists wrapped up the year with a demand for an end to the use of leaded fuel and the holistic management of rivers, seas and forests to reduce the problem of pollution.

Tempo makes successful debut in stock market

Tempo makes successful debut in stock market JAKARTA (JP): The initial public offering (IPO) of PT Tempo Inti Media, the first Indonesian print media company to float its shares on the Jakarta Stock Exchange (JSX), has been oversubscribed by 81 percent.

'Jamu' business started pure and simple

'Jamu' business started pure and simple JAKARTA (JP): It all started probably with those pretty women who have been going around town with a basket of bottles tied to their back for centuries.It is said that these women are capable of conversing with trees and plants who whisper back to them...

Looking skyward for future housing needs

Looking skyward for future housing needs JAKARTA (JP): Expatriates love apartments. Indonesians, as observed by those who make such overly general observations, prefer landed housing; i.e. they like to live close to the ground.

Government no longer effective: Golkar Party

Government no longer effective: Golkar Party JAKARTA (JP): Indonesia's second largest political party, the Golkar Party, in its year-end reflection on Thursday fired a broadside at the government which it described as an ineffective administration and incapable of resolving the nation's problems.

Correction of Demak story

Correction of Demak story Thank you for printing my story Demak: A Javanese town of Islamic saints on the Post, Dec. 19. However, I'm moved to write this letter after I read my edited story carefully as I found some corrections from your copy editor are not correct in terms of fact.1.

Bali, Lombok count the costs from brief unrest

Bali, Lombok count the costs from brief unrest Bali has long been the shining star of Indonesian tourism, famed as the gentle "island of the gods". But its pristine reputation and that of Lombok, which became known as "Bali 30 years ago", has been tarnished by spates of unrest over the past 18...

Women have less seats in most govt offices: Report

Women have less seats in most govt offices: Report JAKARTA (JP): A report on gender statistics and indicators released by the Central Bureau of Statistics (BPS) on Thursday shows that women were very much underrepresented in influential public sector positions.

Facing ticket scalpers

Facing ticket scalpersFrom Warta KotaThe customary annual journey to one's home town, popularly known as "mudik", is being undertaken by a huge number of people this year, particularly in the most densely populated island of Java.

Surakarta hotels pick up the pieces after the 'sweep'

Surakarta hotels pick up the pieces after the 'sweep'By Sulistyo Budi N SURAKARTA, Central Java (JP): It took the actions of one night to wipe out all that had been achieved by years of costly promotions.Groups of people went to several four and five star hotels in Surakarta on Oct.

Village people

Village people The annual exodus from city to villages reaches its peak this weekend. This year, with the Muslim Idul Fitri holiday falling in the same week as Christmas, a record number of city folks will head for their rural home towns to mark the festivities.

Up, up and away for a flock of fledging airlines

Up, up and away for a flock of fledging airlines The economic crisis clipped the wings of the country's airline industry, claiming at least one high-profile corporate victim and impacting the tourism industry with the elimination of many routes. The Jakarta Post contributor I.

Singapore says it does not control rupiah forex trade

Singapore says it does not control rupiah forex trade SINGAPORE (AP): Singapore officials on Thursday rebutted Indonesian President Abdurrahman Wahid's remarks that the Singapore government should rein in currency trading by commercial banks.

Three original works grab awards for best Indonesian books

Three original works grab awards for best Indonesian books JAKARTA (JP): Three original Indonesian works of literature -- Modernisme Sebuah Tinjauan Historis Desain Modern, Renaisans Islam Asia Tenggara and Kembali Ke Akar Kembali Ke Sumber -- won on Thursday the best book awards in their...

Wanted: Trendsetters to put ecotourism on the map

Wanted: Trendsetters to put ecotourism on the mapBy Grace Emilia JAKARTA (JP): Ever since he was a director general of tourism, current Minister of Culture and Tourism I Gede Ardika has been a passionate advocate of the importance of maintaining a respect for God and the environment in developing...

MICE sector still looking for window of opportunity

MICE sector still looking for window of opportunityBy Rita A. Widiadana JAKARTA (JP): The country's business events organizing community is dealing with an unpredictable future amid unstable economic and political conditions.

Govt won't be 'too aggressive' in taxing foreigners: Official

Govt won't be 'too aggressive' in taxing foreigners: Official JAKARTA (JP): The tax office "will not be too aggressive" at first in enforcing the new income tax ruling on foreigners working or living in the country, director general of taxation Machfud Sidik said on Thursday.

Pertamina predicts drop in crude oil output next year

Pertamina predicts drop in crude oil output next year JAKARTA (JP): State oil and gas company Pertamina and its foreign oil and gas production-sharing partners have forecast a drop in Indonesia's crude oil production to 463.2 million barrels (mmbo) next year from this year's output of 515.

Indonesian cosmetics businesses sitting pretty

Indonesian cosmetics businesses sitting pretty Cosmetics is big business, with Indonesian firms finding that traditional approaches to beautifying the face and body are a winner at home and abroad. The Jakarta Post contributor Mehru Jaffer examines the handsome profits to be made from making people...

What is the forecast for Indonesia and ASEAN tourism?

What is the forecast for Indonesia and ASEAN tourism? JAKARTA (JP): Most of the countries in the Association of Southeast Asian Nations (ASEAN) have experienced the inclement weather of crisis in the last three years.

New minister's daunting task is to lure back visitors

New minister's daunting task is to lure back visitors For more than three decades, the government has been trying in vain to make Indonesia the hottest tourist spot in the region. Thwarting its grand ambition is a poor management system, combined with the lack of a promotional budget and clumsily...

Half of W. Java crimes solved

Half of W. Java crimes solved BANDUNG: West Java Governor R. Nuriana says that police have solved less than half of the 14,443 crimes they had handled from January to October this year.Presenting the provincial development plan at the legislative council's plenary session on Wednesday, he blamed...

Model management: What is right for Bali's tourism?

Model management: What is right for Bali's tourism? DENPASAR, Bali (JP): For years Balinese intellectuals have demanded that the government reevaluate the mass-tourism model, which has been applied as the basis for the island's tourism development.

Tunas Toyota responds

Tunas Toyota responds Referring to the letter from Mr. Vinanda Sanyoto dated Nov. 29 regarding the service he received from one of our Tunas Toyota branches, we would like to apologize for the inconvenience caused and advise that the Toyota Kijang in question has been repaired and returned to Mr.

Fasting can actually improve your health

Fasting can actually improve your healthBy Tri Hafiningsih JAKARTA (JP): Fasting during the holy month of Ramadhan can improve your overall health, new research shows.The research, which was presented early this week, showed that an average of 12 percent reduction of caloric intake during the...

Is recovery building for the property sector?

Is recovery building for the property sector?By David Eyerly JAKARTA (JP): The country's property sector is, according to the experts, showing signs of recovery -- or so they have been saying for most of the year.On Feb.

Explosion at home kills one, injures 3

Explosion at home kills one, injures 3 TASIKMALAYA, West Java (JP): An early morning explosion tore through the home of a man involved in the production of firecrackers, killing his wife and injuring three others, an officer said on Thursday.The explosion took place on Wednesday at about 1:15 a.m.

Rupiah Rates Dec. 21

Rupiah Rates Dec. 21 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,788.00 9,788.00 9,242.00 9,334.00Australian dollar 1 4,859.76 5,417.66 5,110.83 5,166.37Austrian schilling 1 579.45 645.74 609.38 615.79Belgian franc 1 197.65 220.27 207.87 210.

Elisa to compete in Aerosports Olympics

Elisa to compete in Aerosports Olympics SEMARANG (JP): Central Java paraglider Elisa Manueke will compete in the Aerosports Olympics in Spain in July."I was contacted by the Indonesian Aerosports Federation (FASI) to prepare for the event," she said on Wednesday evening.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 21, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,350 -50 23,000 Adindo Foresta Indonesia 105 0 0 Alakasa Industrindo 425 0 0 Alfa Retailindo 1,000 0...

Burglars break into regency complex

Burglars break into regency complex BOGOR (JP): A group of unidentified people broke into the Bogor regency office complex in the early hours of Thursday, stealing five computers and four printers, an official said.The head of the information department at the regency office, M.

Economists upbeat on economic recovery

Economists upbeat on economic recoveryBy Reiner S. JAKARTA (JP) Despite the critical problems the country is facing, economists said the economy would continue its recovery process next year.The Econit Advisory group expressed confidence that the economy would grow by around 6 percent to 7 percent...

Newmont Nusa Tenggara enjoys quiet year amid reform euphoria

Newmont Nusa Tenggara enjoys quiet year amid reform euphoriaBy Berni K. Moestafa JAKARTA (JP): Copper and gold mining company PT Newmont Nusa Tenggara (NNT) began its operation at a time when mining companies in Indonesia were badly affected by the unruly reform euphoria.

Betawi unhappy with FPI

Betawi unhappy with FPI JAKARTA (JP): The Betawi (native Jakarta ethnic group) Consultative Body, or Bamus Betawi, has joined Muslim organizations in condemning the violence and anarchic acts carried out against various entertainment spots by the Islamic Defenders Front (FPI).

Cellular operators vie for a niche

Cellular operators vie for a niche JAKARTA (JP): A cellular phone for everyone: This may be at the heart of the campaign for cellular operators in Indonesia, particularly in Jakarta, the country's most promising cellular phone market, within the next few years.

Human rights body demands end to alleged harassment

Human rights body demands end to alleged harassment JAKARTA (JP): A coordinator of a human rights body has demanded the National Police chief order an end to the alleged harassment of Institute for Human Rights Research and Advocacy (Elsham) executive Johanes G. Bonay.

Government to seek broader dialog with Acehnese

Government to seek broader dialog with Acehnese JAKARTA (JP): The government said on Thursday that it would seek an all-inclusive dialog with the Acehnese to defuse separatist sentiment in the troubled province.

Legal aid identifies new trend in disputes

Legal aid identifies new trend in disputes YOGYAKARTA (JP): The Yogyakarta Legal Aid Institute (LBH) has handled 461 cases this year, but only 46 percent of them have been settled, its director says.Speaking at the Institute's year-end press briefing, Budi Santoso said that only nine of the settled...

Sutiyoso's open house celebration

Sutiyoso's open house celebration JAKARTA (JP): Governor Sutiyoso will be having an open house celebration at his official residence on Dec. 27, the first day of Idul Fitri. All Jakartans are welcome, a staffer said on Tuesday.The annual celebration at the state-funded house on Jl.

Kanzen motorcycles expects brisk sales next year

Kanzen motorcycles expects brisk sales next year JAKARTA (JP): The manufacturer of Kanzen motorcycles, PT Semesta Citra Motorindo (SCM), said on Thursday it expected to sell at least 60,000 units next year.

PT KA agrees to pay Rp 17.7b electricity bill

PT KA agrees to pay Rp 17.7b electricity bill JAKARTA (JP): State-owned railway company PT Kereta Api (PT KA) has agreed to pay Rp 17.7 billion (US$ 1.8 million) in electricity bills dating back to January 1999 for its Bogor railway station, an official said on Thursday.

Caltex renews hope after a gloomy year 2000

Caltex renews hope after a gloomy year 2000By Berni K. Moestafa JAKARTA (JP): Bruised by conflicts with locals and labor, entangled in a political tug-of-war between the local and the central government, Indonesia's largest oil and gas company takes a look back at an eventful year 2000.

Queen of her own 'jamu' kingdom

Queen of her own 'jamu' kingdom JAKARTA (JP): Mooryati Soedibyo is a born princess. Pakubuwono the 10th, and ruler of the central Java court of Surakarta, was her maternal grandfather.But instead of whiling away her time at the court like an aloof member of the royal family, she spent much of her...

Ramadhan time for Jakarta

Ramadhan time for JakartaFriday Maghrib 6:09 p.m.Saturday Imsak 4:04 a.m.Subuh 4:14 a.m.

Yogyakarta tries to branch out in tourism

Yogyakarta tries to branch out in tourismby Asip A. Hasani YOGYAKARTA (JP): There is no question that Yogyakarta has almost everything to develop its tourism industry. And there are those who contend that the city has more to offer than even the famed tourist destination of Bali.

Bali needs all 'classes' of tourists

Bali needs all 'classes' of touristsBy Rob Goodfellow WOLLONGONG, Australia (JP): Bali Governor Dewa Made Berata made the very reasonable statement in November that he wanted to attract more high-spending, "value-added" tourists to the island.

Local hotel chains try to look on the bright side

Local hotel chains try to look on the bright sideBy Gedsiri Suhartono JAKARTA (JP): Having survived 40 months of a dire monetary crisis and ongoing political uncertainty, the Indonesian tourism industry has little choice but to remain optimistic that the hard times will eventually pass.

The younger beauty business queen

The younger beauty business queen JAKARTA (JP): Once upon a time Mooryati Soedibyo and Martha Tilaar, founder of Martina Berto, were friends. In fact they did business together.Today the bitterness between two of the most prominent houses of cosmetics has become talk of the town.