Indonesian Political, Business & Finance News

Archive: 23 December 2000

50 articles found

Asian currencies mixed in late trade, rupiah retreats

Asian currencies mixed in late trade, rupiah retreats SINGAPORE (Dow Jones): Asian currencies turned in a mixed performance Friday, splitting generally along a north-south divide.To the north, the South Korean won and New Taiwan dollar had another rough session, both falling to close to two-year...

Texmaco units agree to $1.3b debt restructuring

Texmaco units agree to $1.3b debt restructuring JAKARTA (Dow Jones): Indonesia's largest corporate debtor, the troubled Texmaco group, agreed in principle Friday to restructure US$1.3 billion in debt owed by two of its units to private and government lenders.

Irvine to visit Bali, Jakarta

Irvine to visit Bali, Jakarta JAKARTA (JP): Formula One driver Eddie Irvine of the Jaguar racing team will spend his year-end vacation from Dec. 24 to Jan. 4 in Bali and Jakarta."Irvine will be in Bali until Jan.

Picking up the pieces after disaster

Picking up the pieces after disasterBy Kasparman PADANG, West Sumatra (JP): "This was my house," 65-year-old Amai told The Jakarta Post recently on a hot afternoon at Duo Koto village, Malalo, West Sumatra.Seconds later, tears ran down her cheeks.

Prajogo pledges 20 companies for debt restructuring

Prajogo pledges 20 companies for debt restructuring JAKARTA (JP): Prajogo Pangestu has pledged 20 companies to the Indonesian Bank Restructuring Agency (IBRA) as part of his debt restructuring deal with the government, Financial Sector Policy Committee (FSPC) secretary Syafruddin Tumenggung said on...

Bank BNI hopes to record modest profit in 2001

Bank BNI hopes to record modest profit in 2001 JAKARTA (JP): After returning to the black this year, state- owned Bank BNI hopes to book a Rp 1.4 trillion ($147 million) profit in 2001, largely by cutting back on the huge reserves fund it had built to cover non-performing loans (NPLs).

Toto to boost production

Toto to boost production TOKYO (AFX-ASIA): Toto Ltd plans to boost annual capacity for making toilets at its Indonesian unit by 30 percent to 2.2 million units, the Nihon Keizai Shimbun reported, citing company sources.The firm will invest 1.

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.

New order regime still strong, stifling reform movement

New order regime still strong, stifling reform movement JAKARTA (JP): Although Soeharto has been dethroned, his New Order legacy through its political machine, the Golkar Party, remains strong and is stifling the reform movement, observers said on Friday.

Immigration revokes Tommy's passport

Immigration revokes Tommy's passport JAKARTA (JP): The Directorate-general of Immigration revoked on Friday the passport belonging to Hutomo "Tommy" Mandala Putra, the youngest son of former president Soeharto, nearly two months after the fugitive went missing on Nov. 3, 2000.

Chief justice row takes new turn

Chief justice row takes new turn JAKARTA (JP): President Abdurrahman Wahid again dropped a bombshell here on Friday saying that "it all depends" on Vice President Megawati Soekarnoputri now to pick and choose other candidates for the Supreme Court chief justice.

Workers strike forces Shangri-La to move guests

Workers strike forces Shangri-La to move guests JAKARTA (JP): The management of the five-star Shangri-La Hotel had to evacuate their room guests to another hotel and temporarily close most of its facilities, including its bar and restaurants, following an all out strike by its workers on Friday.

House 'to focus on' legislative function

House 'to focus on' legislative function JAKARTA (JP): House Speaker Akbar Tandjung pledged that the House of Representatives in 2001 would focus on its legislative function to deliberate on about 80 bills already submitted by the government and review numerous out-of-date laws.

ASEM eyes for single currency

ASEM eyes for single currency TOKYO (AFP): Asian and European nations will set up a joint task force to examine ways to create an economic zone in East Asia under a euro-like single currency, according to a report Friday.

Muslim groups rally for Al-Quds

Muslim groups rally for Al-Quds JAKARTA (JP): At least 200 people from various Muslim groups staged an anti-America and anti-Israel protest in the capital on Friday, to show support for Palestinians in their struggle for outright independence.

Pelita to hire foreign players

Pelita to hire foreign players SEMARANG (JP): Pelita soccer club in Surakarta, Central Java, will hire four players from Senegal, Mali and Uzbekistan to face the 2001 Bank Mandiri Soccer League."The foreign players are midfielder Djabate Seran of Mali and strikers Libasse Layeser (Senegal) and...

BI to improve ruling on rupiah transaction

BI to improve ruling on rupiah transaction JAKARTA (JP): Bank Indonesia would improve the ruling on rupiah transactions by non-residents in a bid to help stabilize the ailing local unit, Bank Indonesia deputy governor Miranda Goeltom said in a press statement on Friday.

Man mobbed over suspicion

Man mobbed over suspicion JAKARTA (JP): A resident of Kemanggis in the Palmerah subdistrict, West Jakarta, with the help of 20 accomplices, mobbed a neighbor to death as they thought he had tried to deceive them on Thursday night, a police officer said on Friday.

Jihad Force declares 'war'

Jihad Force declares 'war' SURAKARTA, Central Java (JP): The commander of a Jihad Force Ja'far Umar Tholib, declared on Friday that Surakarta was a battleground for his group to fight hoodlums.Speaking in front of some 2,000 people at the Surakarta Islamic Hall on Friday, Ja'far stated that the...

E. Java commander warns of unrest

E. Java commander warns of unrest SURABAYA: Brawijaya Military Commander Maj. Gen. Sudi Silalahi on Friday claimed that there were several groups, who were mobilizing the poor to create unrest on Christmas eve.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 22, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 2,300 -50 204,500 Adindo Foresta Indonesia 105 0 0 Alakasa Industrindo 425 0 0 Alfa Retailindo 975 -25...

Lippobank helps flood victims

Lippobank helps flood victims JAKARTA (JP): Lippobank will hold community outreach programs throughout Indonesia starting from Dec. 21 to Dec. 23 to celebrate Christmas, Idul Fitri and New Year.The bank said the programs would be held in several provinces, especially in areas recently hit by floods...

Malaysia to deport 110,000 illegal migrant workers

Malaysia to deport 110,000 illegal migrant workers JAKARTA (JP): Malaysian authorities will gradually deport a total of 110,000 Indonesian workers illegally working in the country in the coming months.Vivi Aryanti Pancaweda, director of labor protection at the Ministry of Manpower and...

Kamra members get severance pay

Kamra members get severance pay YOGYAKARTA (JP): Some 300 members of the People's Security (Kamra) of the Sleman regency enjoyed Rp 1 million each in severance pay on Friday, thanks to governor Sultan Hamengkubuwono X's prompt help.

Forests 'endangered' by regional autonomy

Forests 'endangered' by regional autonomy JAKARTA (JP): Indonesia's forestry resources could be endangered, with all its dire consequences, when regional administrations gain more power from the central government starting next year, Minister of Forestry Nurmahmudi Ismail warns.

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 TV Series: Labyrinth 9:00 Interval 2:00 p.m.

Police asked to take firm action against vandalism

Police asked to take firm action against vandalism JAKARTA (JP): A number of Muslim organizations and legal associations asked the National Police on Friday to take firm action against certain groups which have repeatedly attacked and vandalized nightspots during the fasting month of Ramadhan.

Insurance firm Manulife to sue former Dharmala boss

Insurance firm Manulife to sue former Dharmala boss JAKARTA (JP): The Canadian-based insurance company Manufacturer Life Insurance Co. will sue the former president of the now bankrupt PT Dharmala Sakti Sejahtera in a Singapore civil court over a share purchase dispute as the legal fight between...

Government decides to restore Sabang's status as free port

Government decides to restore Sabang's status as free port SABANG, Aceh (JP): The government, represented by Vice President Megawati Soekarnoputri, carried out its promise to declare Sabang a free port and Weh island a free trade zone on Friday.

Badminton has more problems than titles

Badminton has more problems than titlesBy Primastuti Handayani JAKARTA (JP): Will Indonesia still be prominent in the badminton world in 2001? The answer is, possibly no. The fact that Indonesia only managed to bring home one gold from three finals at the Sydney Olympics indicates that the...

City Hall's plan on rights issue queried

City Hall's plan on rights issue queried JAKARTA (JP): The Jakarta administration has failed to protect and promote people's legal and human rights, the Jakarta Legal Aid Institute (LBH) has concluded in its year-end evaluation of the administration's performance.

Chess Quiz

Chess Quiz In the Chess Quiz appearing on page 7 of The Jakarta Post, Dec. 22, 2000, the answer to White Best Move? In your paper is Solution 1. Qd5ch! Kg6 2. Qg8ch wins the (black) queen.I think, most players would prefer a simpler solution: 1. e4ch! black king moves. 2.

Ramadhan time for Jakarta

Ramadhan time for JakartaSaturday Maghrib 6:09 p.m.Sunday Imsak 4:05 a.m.Subuh 4:15 a.m.

Government unveils minimum wage hike

Government unveils minimum wage hike JAKARTA (JP): The government on Friday officially announced an average hike of 33.5 percent in the monthly minimum wage in 24 provinces which is expected to become effective on Jan. 1.

Cigna raises RI stake

Cigna raises RI stake JAKARTA (JP): Cigna International of the United States has increased its stake in its Indonesian joint venture PT Asuransi Niaga Cigna Life.The move raised its equity in the Indonesian joint venture to 80 percent, Cigna said in a statement.

ISSI hopes to win nine SEAG golds

ISSI hopes to win nine SEAG golds JAKARTA (JP): The Indonesian Cycling Association (ISSI) expects to attain nine gold medals at the Kuala Lumpur 2001 Southeast Asia (SEA) Games."We expect gold medals from the men's 4,000 meter individual pursuit (IP), the 4,000m team pursuit (TP) and the women's...

KL palm oil ends up on pre-holiday covering

KL palm oil ends up on pre-holiday covering KUALA LUMPUR (Reuters): Malaysian palm oil futures closed higher on Friday, the last trading session of 2000, due to short covering ahead of the long holiday, traders said.

Jakarta Police call 2000 the year of headaches

Jakarta Police call 2000 the year of headachesBy Joko E.H. Anwar JAKARTA (JP): Deadly bomb attacks and high-profile political cases dominated the scene of the year 2000 in the capital along with other common crimes, such as murders, robberies, and drugs abuse.

Accidents mar annual exodus, claim eight lives

Accidents mar annual exodus, claim eight lives JAKARTA (JP): The annual exodus of people heading to their hometowns for next week's Idul Fitri and Christmas holidays was marked on Friday by at least two automobile accidents on the northern coast highway with at least eight people killed.

Six track athletes to join SEAG squad

Six track athletes to join SEAG squad SEMARANG (JP): Six athletes from the Dragon athletics club in Salatiga, Central Java, are being groomed to join the national team for the Kuala Lumpur 2001 Southeast Asia (SEA) Games."We expect three or four of them to join the national team.

Firms asked to open water treatment plants

Firms asked to open water treatment plants TANGERANG (JP): Chief of the local Environmental Impact Management Agency M. Harun said on Friday that 72 out of 580 factories still have no water treatment plant, which is required according to existing regulations.

WB okays loans for RI

WB okays loans for RI WASHINGTON (Dow Jones): The World Bank Thursday approved new loans for Indonesia and Russia as its board rushed to complete its agenda of loan requests before the onset of the holidays.The World Bank said in a statement it has approved a loan of US$48.

KONI told to hire foreign coaches for SEA Games

KONI told to hire foreign coaches for SEA Games JAKARTA (JP): Some sports organizations, whose athletes are being groomed for the 2001 Southeast Asian (SEA) Games in Kuala Lumpur, are still dependent on the National Sports Council (KONI) for financial assistance to hire foreign coaches, despite the...

50,000 E. Timorese return home: UNHCR

50,000 E. Timorese return home: UNHCR GENEVA (Agencies): Almost 50,000 East Timorese refugees have returned home this year, bringing to 174,000 the number who have gone back since October last year, the UN's refugee agency, UNHCR, said on Friday.

Rupiah Rates Dec.22

Rupiah Rates Dec.22 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,880.00 9,880.00 9,333.00 9,427.00Australian dollar 1 4,929.29 5,489.33 5,180.75 5,237.64Austrian schilling 1 591.51 658.63 621.69 628.43Belgian franc 1 201.77 224.66 212.06 214.

Marzuki calls on Sjahril to take leave

Marzuki calls on Sjahril to take leave JAKARTA (JP): Attorney General Marzuki Darusman called on Bank Indonesia Governor Sjahril Sabirin to take a leave of absence once his court trial started.Marzuki said Friday that if Sjahril continued to lead Bank Indonesia during his trial, it could affect the...

Bouncer denies attack on prince

Bouncer denies attack on prince KUALA LUMPUR (AFP): A nightclub bouncer pleaded not guilty on Friday to injuring a prince from the royal family of Malaysia's Selangor state during an incident outside a Kuala Lumpur discotheque.P.

Tourism unaffected by Yogyakarta blast

Tourism unaffected by Yogyakarta blast YOGYAKARTA (JP): Despite the recent bomb attack on a hospital earlier last week, major hotels have not seen a decline in occupancy rates with most claiming to be fully booked till the end of the year.

City council ponders ethics committee

City council ponders ethics committee JAKARTA (JP): The city council might set up an ethics committee and draft an internal code of conduct to deal with, among other things, money its members regularly received from city officials and business people.

W. Javanese culture becoming extinct

W. Javanese culture becoming extinct BANDUNG, West Java (JP): Governor Nuriana disclosed recently that at least 32 types of West Javanese traditional arts had become officially extinct."We're very concerned with the development of arts in West Java...