Indonesian Political, Business & Finance News

Archive: 8 December 2000

52 articles found

Gas found in Timor Sea

Gas found in Timor Sea TOKYO (Dow Jones): Tokyo-based Indonesia Petroleum Ltd. has discovered natural gas in an area of the Timor Sea belonging to Indonesia, company sources said Thursday, according to the Nihon Keizai Shimbun's Friday morning edition.

Kudos to the House

Kudos to the House Kudos to the special committee of the House of Representatives (DPR) for their perseverance in looking for evidence of involvement of just anybody, including the President, in the Bulog, Brunei and other scams.

Three killed, four injured in Abepura

Three killed, four injured in Abepura JAYAPURA, Irian Jaya (JP): Fresh violence broke out in Irian Jaya as three people, including two policemen, were killed and four officers injured when some 100 armed rioters attacked the police station in Abepura just before dawn on Thursday.

Thousands of false 'Lea' jeans confiscated

Thousands of false 'Lea' jeans confiscated JAKARTA (JP): Police personnel raided on Wednesday a warehouse manufacturing imitation Lea jeans in the small-scale industrial complex (PIK) on Jl. Penggilingan, East Jakarta, an officer said on Thursday.East Jakarta Police chief of detectives Sr. Insp.

Pertina expels 5 boxers from training

Pertina expels 5 boxers from training JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) expelled five boxers from its 2001 Kuala Lumpur Southeast Asian (SEA) Games training program at the Ragunan sports school early this month.

Nightspots vandalized for ignoring regulations

Nightspots vandalized for ignoring regulations MAKASSAR, South Sulawesi (JP): Dozens of people, claiming to be members of Laskar Jundullah, a Muslim organization, destroyed a nightspot on Thursday for ignoring operating hours during the Muslim fasting month.

'Ruwatan' rite wishes disaster-free country

'Ruwatan' rite wishes disaster-free countryBy Tarko Sudiarno YOGYAKARTA (JP): Burning incense sent fragrant rings of thick white smoke wafting high, filling the entire space of the Pendapa Ndalem Yudhanegaran hall at Yogyakarta palace.

Outclassed again

Outclassed again It would probably not be quite correct to say that the findings of a survey conducted by the Third Mathematics and Science Study (TIMSS) of 38 of its members and published in this newspaper yesterday comes as much of a surprise to most Indonesians.

PRSI rounds up 6 C. Java swimmers

PRSI rounds up 6 C. Java swimmers SEMARANG (JP): The Indonesian Swimming Federation (PRSI) has rounded up six swimmers from Central Java to join the 2001 Kuala Lumpur Southeast Asian (SEA) Games training program.

Australia and RI in talks to repair ties

Australia and RI in talks to repair ties CANBERRA (Reuters): Indonesia and Australia began two days of long-delayed ministerial talks here on Thursday aimed at repairing a bilateral relationship badly damaged by Australia's decision to lead a multinational force to East Timor.

Probe into Bulog scandal to continue during recess

Probe into Bulog scandal to continue during recess JAKARTA (JP): House of Representatives Speaker Akbar Tandjung said on Thursday the special committee investigating two financial scandals linked to President Abdurrahman Wahid could continue its work during the House's month-long recess, which...

Shell to invest $5.3b in KL

Shell to invest $5.3b in KL KUALA LUMPUR (Reuters): Shell Malaysia, a unit of the Royal Dutch/Shell Group, said on Thursday it plans to invest 20 billion ringgit (US$5.3 billion) over the next five years to expand its oil and gas operations in Malaysia.

KL confirms new chief justice

KL confirms new chief justice KUALA LUMPUR (Agencies): The Malaysian government confirmed the appointment of a new chief justice on Thursday in a move legal experts hope will restore the integrity of a judiciary criticized at home and abroad after the convictions of former deputy premier Anwar...

Batam Police anticipate holidays

Batam Police anticipate holidays BATAM, Riau: In anticipation of the coming Christmas, Idul Fitri and New Year holidays, the Batam, Rempang and Galang (Barelang) police will deploy at least 500 personnel to ensure security, chief Supt. Bachrul Effendi said here on Wednesday.

Ambassador McCarthy ends 'satisfying' four years in RI

Ambassador McCarthy ends 'satisfying' four years in RIBy Meidyatama Suryodiningrat JAKARTA (JP): For four years John McCarthy has been Australia's most senior representative in Indonesia, overseeing an often precarious relationship which in his time has reached both ends of the extreme.

Most Asia currencies close higher

Most Asia currencies close higher SINGAPORE (Dow Jones): Most Asian currencies were higher late Thursday, with the Philippine peso bucking the trend, underscoring yet again that there is only so much the central banks could do to counter the pressure from domesticpolitical woes, market watchers...

Prajogo balks judges on Bob Hasan case

Prajogo balks judges on Bob Hasan case JAKARTA (JP): Prominent businessman Prajogo Pangestu could only respond with a series of "I don't remember" and "I don't know" answers as he frustrated judges trying to extract information from him regarding the multi-million dollar graft trial of Mohamad...

Aceh refugees to return home ahead of Idul Fitri

Aceh refugees to return home ahead of Idul Fitri JAKARTA (JP): The Aceh administration, in collaboration with the Ministry of Health and Social Welfare, is set to return some 70,000 displaced people across the province to their homes ahead of Idul Fitri, which falls on Dec. 27.

Inmate found dead in police cell

Inmate found dead in police cell JAKARTA (JP): An inmate was found dead, early on Wednesday morning, in a cell at the Menteng Police subprecinct in Central Jakarta.Yohannes Dewa, 27, died after he hung himself, using shoe- laces wound tightly around his neck, from the ceiling of the cell.

Witnesses fail to satisfy prosecutors

Witnesses fail to satisfy prosecutors JAKARTA (JP): Central bank director for bank supervision Maulana Ibrahim failed on Thursday to answer prosecutors' questions over the alleged misallocation of Rp 583.4 billion (US$61.

Govt does not protect women

Govt does not protect womenFrom KompasI agree with Julia Suryakusuma in her article published in Kompas of Sept. 27 under the title of Government regulation No. 10, an effective weapon or an instrument of power? because in reality this government regulation does not protect the wives of civil...

BI reports Rp 15.1t in new lending

BI reports Rp 15.1t in new lending JAKARTA (JP): Bank Indonesia said Thursday that new lending through September reached about Rp 15.1 trillion (US$1.59 billion).Bank Indonesia director for banking supervision Djoko Sarwono said that the new lending had been mostly channeled to the industrial,...

Gus Dur wants release of leaders in Irian Jaya

Gus Dur wants release of leaders in Irian Jaya JAKARTA (JP): President Abdurrahman Wahid called on the police on Thursday to release Irian Jaya pro-independence leaders currently in detention so that dialog between Jakarta and locals in the troubled province could resume.

Land market prices set to increase

Land market prices set to increase JAKARTA (JP): The city administration will increase the taxable property price (NJKP) of land and building tax from 20 percent to 40 percent of the market price of properties which have a market price of Rp 1 billion (US$105,263) and over.

Better sanitation and sanitary habits needed

Better sanitation and sanitary habits needed JAKARTA (JP): Indonesia has to strife for better sanitation and water management since only about 49 percent of the country's villages have toilets and only 65.7 percent of the 69,000 villages nationwide receive sanitized water.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 7, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,500 -25 285,500 Adindo Foresta Indonesia 125 15 939,000 Alakasa Industrindo 425 0 0 Alfa...

Ericsson's free gift

Ericsson's free gift In early September 2000 I bought a copy of Ronan Keating's latest album, produced by PT Polygram Indonesia, and to my surprise I found an enclosed coupon from Ericsson, offering a free gift of their latest product, R310.

KL palm oil barely changed

KL palm oil barely changed KUALA LUMPUR (Reuters): Malaysian palm oil futures surrendered early gains to close barely changed on Thursday as players awaited November stocks, exports and output estimates from private forecaster Ivan Wong.

East Timor inquiry has no legal basis: Lawyers

East Timor inquiry has no legal basis: Lawyers JAKARTA (JP): Attorney General Marzuki Darusman brushed aside complaints from lawyers of 22 individuals allegedly responsible for the violence in East Timor last year, saying that they were only being questioned and not handed over to the UN...

All ASEAN ministers to attend EU meeting

All ASEAN ministers to attend EU meeting BANGKOK (AFP): All ten Association of Southeast Asian Nations (ASEAN) foreign ministers are to attend a meeting with the European Union (EU) in Laos next week, the Thai foreign ministry said on Thursday.

EU to press ASEAN over human rights in Myanmar

EU to press ASEAN over human rights in Myanmar HANOI (Agencies): British Foreign Office Minister John Battle said on Thursday ASEAN's position of non-interference in Myanmar's affairs was unsustainable and warned Yangon's generals they were accountable for rights violations.

Police to name suspects in Tommy's escape

Police to name suspects in Tommy's escape JAKARTA (JP): National Police spokesman Brig. Gen. Saleh Saaf said on Thursday the police would soon name three people believed to have helped Hutomo "Tommy" Mandala Putra escape justice.

Vacationers warned about more disasters

Vacationers warned about more disasters JAKARTA (JP): The government has issued a fresh warning to vacationers about the safety of their trips during the upcoming holidays as certain parts of Indonesia remain prone to flood, landslide and related natural disasters.

Govt asked to form team to review telecom merger

Govt asked to form team to review telecom merger JAKARTA (JP): Legislators have urged the government to establish an interdepartmental team to review its stance on a proposal to merge telecommunication companies PT Telkom and PT Indosat.

Ramadhan time for Jakarta

Ramadhan time for JakartaFriday Maghrib 6:02 p.m.Saturday Imsak 3:58 a.m.Subuh 4:08 a.m.

Makassar has enough rice stocks

Makassar has enough rice stocks MAKASSAR, South Sulawesi: The local logistics agency announced on Wednesday that the province had enough rice stocks to secure local demands for the next three years.The agency's spokesman Abd.

PM appears before corruption panel

PM appears before corruption panel BANGKOK (AP): Thai Prime Minister Chuan Leekpai testified to Thailand's anti-corruption board on Thursday that he failed to declare ownership of certain shares because they were given to him without his knowledge.

A number of 'too lates'

A number of 'too lates' Relying mainly on my intuition and common sense (intellectual analysts may arrive at different conclusions based on their expertise, party loyalty, or political instincts), I have here some "too lates" which are detrimental to the nation's interests in the short and...

Kabelvision's disservice

Kabelvision's disservice I am writing to you rather than to Kabelvision out of frustration with their lack of service and concern for subscribers.On Dec. 5, the transmission of cable television in the Kebayoran Baru area of South Jakarta was interrupted a number of times, especially during the...

DGS pays bond interest

DGS pays bond interest JAKARTA (Bloomberg): Holders of bonds issued by PT Daya Guna Samudera, Indonesia's biggest fishing company, received an on- time interest payment they hadn't expected.After being told by Daya Guna's parent, Djajanti Group, that they wouldn't receive full interest payments on...

Riau to get maximum 20% stake in CPP: Pertamina

Riau to get maximum 20% stake in CPP: Pertamina JAKARTA (JP): The government has allocated the province of Riau a 20 percent stake in the joint venture that will run the Coastal Plain Pekanbaru (CPP) oil block in Riau, according to a senior official at state oil and gas company Pertamina on...

FPI to finally face action from police

FPI to finally face action from police JAKARTA (JP): After being seemingly helpless watching the spate of violent attacks on many nightspots by members of the Islamic Defenders Front (FPI), the National Police finally announced that they would no longer tolerate the group's unlawful activities.

Sampang regent's office attacked by angry mob

Sampang regent's office attacked by angry mob SURABAYA (JP): Tired of the public service which has been crippled for months due to the absence of the regent, hundreds of residents of Sampang on the island of Madura ravaged the regent's office and set an official car on fire on Thursday.

Muladi, Bagir Manan nomination endorsed

Muladi, Bagir Manan nomination endorsed JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) legislators walked out on Thursday as the House of Representatives (DPR) plenary session endorsed the candidacy of Muladi and Bagir Manan as the Supreme Court Chief.

UN to stay on in E. Timor after independence

UN to stay on in E. Timor after independence UNITED NATIONS (Reuters): The United Nations Security Council backed a strong international presence in East Timor after the territory becomes independent next year and told Indonesia to reign in armed gangs intimidating refugees.

480 kgs ganja destroyed

480 kgs ganja destroyed JAKARTA (JP): The Jakarta Police destroyed more than 480 kilograms of dried marijuana on Thursday.The marijuana was seized from locations across the capital during an antinarcotics operation the police launched in October.The police also destroyed 338.2 grams of heroin and 7.

Indonesia to retain winning Davis Cup team

Indonesia to retain winning Davis Cup team JAKARTA (JP): The Indonesian Tennis Association (Pelti) announced on Thursday the team that will face Uzbekistan early next year in the Davis Cup Group I Asia Oceania zone tie.

U.S.-S'pore FTA sets the new trend in ASEAN

U.S.-S'pore FTA sets the new trend in ASEANBy Tommy Koh SINGAPORE: Let me attempt to answer a number of questions which have been raised since President Bill Clinton and Prime Minister Goh Chok Tong issued their joint statement (on a free trade agreement between the United States and Singapore) on...

Pertamina to almost double exploration investment

Pertamina to almost double exploration investment JAKARTA (JP): State-owned oil and gas company Pertamina said on Thursday that it planned to almost double its exploration and production investment from an annual Rp 1 trillion (some US$105 million) to about Rp 1.8 trillion starting next year.

New law 'will fire' BI board of governors

New law 'will fire' BI board of governors JAKARTA (JP): Coordinating Minister for the Economy Rizal Ramli said on Thursday that the incumbent board of governors of Bank Indonesia should be suspended after the new central bank law becomes effective.

RI almost illiterate in essential knowledge

RI almost illiterate in essential knowledge An international study on mathematics and science which found Indonesia among the lowest six countries reflects the basic flaws of the education system here, Mochtar Buchori told The Jakarta Post.

Rupiah Rates Dec. 7

Rupiah Rates Dec. 7 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,075.00 10,075.00 9,527.00 9,623.00Australian dollar 1 4,975.82 5,529.16 5,223.65 5,281.10Austrian schilling 1 587.42 652.44 616.68 623.17Belgian franc 1 200.37 222.55 210.35 212.