Indonesian Political, Business & Finance News

Archive: 12 February 2000

50 articles found

Critics motivate shuttlers: Coach

Critics motivate shuttlers: Coach JAKARTA (JP): Critics from the media and badminton lovers have motivate Indonesia's women's players to prove themselves by qualifying in the final round of the Uber Cup championships in Kuala Lumpur in May.

Draft of new bill on rights tribunal to be finished soon

Draft of new bill on rights tribunal to be finished soon JAKARTA (JP): The final draft of a new bill on a human rights tribunal which specifically encloses a retroactive clause to try past rights abuses will be completed on Feb. 21. The new bill is in anticipation of the likely rejection by the House of Representatives of an earlier submitted regulation drafted under former President B.J. Habibie.

Telkom admits getting it wrong in billing

Telkom admits getting it wrong in billing JAKARTA (JP): State-owned telecommunications company PT Telkom admitted on Friday through their Jakarta office that there was a problem with the billing system in which customers were charged inappropriately for their January telephone bills. The company's external relations coordinator Asep Tatang said that the office had wrongly included a Rp 10,000 (US$1.40) penalty against customers paying their telephone bills after Jan. 20.

Islamic groups find their footing in new Indonesia

Islamic groups find their footing in new Indonesia By Ati Nurbaiti JAKARTA (JP): Munir, the petite human rights activist with a reddish moustache, addresses a seminar in a voice gone quite hoarse over the past weeks: "The great problem in addressing human rights violations," he said, "is that the issues are seen as properties of certain groups." "The issues are responded to with suspicion, instead of being seen as issues of humanity." The slaughter of communists in the aftermath of the 1965...

Strong blast rocks Boker red-light area, injures 12

Strong blast rocks Boker red-light area, injures 12 JAKARTA (JP): A strong blast rocked the Boker red-light district in East Jakarta, in the wee hours of Friday, injuring at least 12 people including Army and police officers, according to witnesses and a police source. The police source, who asked for anonymity, said that before the blast, a dispute had erupted among five security personnel allegedly arguing over distribution of so-called "protection fees".

Cut of liquidity support loans

Cut of liquidity support loans Businessman Probosutedjo was quoted in a Jakarta newspaper on Feb. 8 as saying that he did not want to receive Bank Indonesia liquidity support loans because the bank would take a cut of up to 25 percent. It is up to the House of Representatives and law enforcers to check the veracity of this statement and to take follow-up steps if necessary.

Let's go digital

Let's go digital Indonesia's almost dormant Internet industry received a welcome jolt this week from foreign investors, showing their confidence in the untapped but potentially lucrative local e- business. Detik.com, a popular local cybernews content provider, turned itself into a portal service site on Wednesday after it sold 20 percent of its equity to a Hong Kong internet company. On the same day, Astaga.com, a wholly foreign-owned operation, made its debut as an Indonesian portal.

Soros to acquire Bentoel through third party

Soros to acquire Bentoel through third party JAKARTA (JP): PT Bhakti Investama, a partner of Quantum Fund belonging to U.S. financier George Soros, plans to acquire a majority stake in the ailing cigarette maker PT Bentoel Prima through trading firm PT Transindo Multi Prima.

Italy reschedules RI debts

Italy reschedules RI debts JAKARTA (JP): Italy has agreed to reschedule the repayment of Indonesia's debt to the country for the period of Aug. 6, 1998, to March 31, 2000. A bilateral debt agreement was signed here on Friday by Italian Ambassador to Indonesia Carlo Marsili and director general for the state budget of the Ministry of Finance Anshari Ritonga.

BI sticks with quarterly evaluations of banks' CAR

BI sticks with quarterly evaluations of banks' CAR JAKARTA (JP): Bank Indonesia will continue to evaluate the country's commercial banks every three months to ensure they meet the eight percent capital adequacy ratio (CAR) requirement by end 2001, according the central bank deputy governor Subarjo Djojosumarto. Subarjo said on Friday that the banks' non-performing loans (NPLs) must also be less than five percent by the set deadline.

Search team fails to locate missing glider in Puncak

Search team fails to locate missing glider in Puncak BOGOR (JP): Rescuers on Friday still failed to trace the whereabouts of a 17-year-old paraglider who went missing after being surprised by storms while flying in foggy skies in the popular mountainous resort of Puncak on Tuesday afternoon.

Senior players reign in Niaga Cigna Open

Senior players reign in Niaga Cigna Open JAKARTA (JP): Top tennis players were still leading without any strong contenders from the provinces during the first Niaga Cigna Open 2000 at Senayan tennis stadium here on Friday. Not surprisingly, it will shape up as a fight between the old faces in junior tennis and their seniors in the semifinals and final of the Rp 35 million (US$4,794) tournament on Saturday.

Exhibition at Textile museum

Exhibition at Textile museum JAKARTA (JP): The Textile Museum on Jl. Aipda K.S. Tubun in Central Jakarta will organize an exhibition on natural textile fibers and dyes from Feb. 14 to Feb. 18, an official said on Wednesday. "The exhibition will be held in cooperation with the Korean Fiber Arts Association. Governor Sutiyoso is slated to open the exhibition on the evening of Feb. 14," museum director Dewi Rudiati said in a written statement.

KONI set to launch Damura fund raising drive in April

KONI set to launch Damura fund raising drive in April JAKARTA (JP): The National Sports Council (KONI) will launch a fund-raising program called Damura (The People's Fund for Sports) in April by distributing about 10 million coupons nationwide. KONI's official in charge of media and promotion, Enny Hardjanto, said during a media conference on Friday the council had signed a memorandum of understanding with PT Mutiara Mandala Mahardhika (PT 3M) to manage the distribution of the coupons.

Welcome opposition!

Welcome opposition! A group of people, consisting mostly of young men and women, declared themselves to be the "opposition" when they gathered recently at the Hotel Indonesia traffic circle. What is laudable is the fact that, at least as far as I know, they did not demand or seek to bring about the fall of the government.

KIA to resume national car project in Indonesia

KIA to resume national car project in Indonesia SEOUL (JP): South Korea's KIA Motors Corp. agreed on Friday to resume the stalled national car project from April after its chairman met President Abdurrahman Wahid. The decision came after Abdurrahman visited the company's auto plant in Hwasong, some 80 kilometers south of here, to talk with Hyundai-KIA Motors chairman Chung Mong-koo.

IBRA may be exempted from paying taxes

IBRA may be exempted from paying taxes JAKARTA (JP): The government is considering exempting the Indonesian Bank Restructuring Agency (IBRA) from paying taxes on gains from the sale of assets under its control. Director General of Tax Machfud Sidik said here on Friday that as a governmental institution, IBRA met all the criteria needed to receive the tax-exempt status.

Rare turtle found in Bali

Rare turtle found in Bali DENPASAR, Bali: A rare female turtle (Caretta caretta) has been found by local fishermen in Perancak, Jembrana, some 80 kilometers west of Denpasar, an environmental activist said on Friday. "It was found last week by a fisherman, named Karya, 25 meters below the surface of the sea between Perancak and Air Kuning," Putu Liza Kusuma Mustika from the Worldwide Fund for Nature (WWF) Wallacea, said.

No labor of love to celebrate Valentine's Day

No labor of love to celebrate Valentine's Day By Stevie Emilia JAKARTA (JP): Lovers, get ready to spoil the one who sends your heart racing with thoughts of the birds and the bees. Valentine's Day on Monday is the special day when love is cherished and treasured by those in love. Couples get the message to express their love on Valentine's Day loud and clear, mostly through the advertisements and promotions.

Garuda, MAS sign code-sharing deal

Garuda, MAS sign code-sharing deal JIMBARAN, Bali (JP): Garuda Indonesia and Malaysia Airlines (MAS) signed a code-sharing agreement on Friday, giving their respective passengers more scheduled weekly flights between the two countries. Garuda commercial director Bachrul Hakim and MAS executive vice president Dato' Bashir Ahmad signed the deal here in a ceremony at the Ritz-Carlton Hotel.

Celebrate your love with Bel Canto

Celebrate your love with Bel Canto JAKARTA (JP): For those who like to delight in romantic love, there is one option that is culturally more enriching than just exchanging Valentine gifts or having a romantic dinner in a posh restaurant. What about going to a love-themed concert at the Dharmawangsa Hotel this Saturday evening to listen to the widely acclaimed, international prize-winning Parahyangan Catholic University choir and its conductor Avip Priatna?

Britania Airways for haj pilgrimage

Britania Airways for haj pilgrimage MAKASSAR, South Sulawesi: To anticipate the tremendous rise in the number of haj pilgrims departing from Makassar, local transportation officials here said they had chartered the services of Britania Airways to help. The head of state-owned airport ground handling firm PT Gapura Angkasa Agus Sutomo told The Jakarta Post here on Friday that pilgrims would be using the company's new series of Boeing 767s. "We will not use old planes any longer.

Indonesian government must prove itself to Investors

Indonesian government must prove itself to Investors SINGAPORE (AP): Protests in Indonesia show President Abdurrahman Wahid cannot yet guarantee a stable environment for investors, Singapore Senior Minister Lee Kuan Yew said late Thursday. Villagers on Indonesia's Bintan island held fierce protests last month near resorts and an industrial park in which Singapore has large investments.

Forestry firms violate permits

Forestry firms violate permits MAKASSAR, South Sulawesi: Some 200 hectares of forest land have been illegally exploited by seven forestry firms in Mamuju regency, regent Almalik Pababari claimed on Friday. "The firms have violated their permits by extending their operations, which have now exploited a total of 200 hectares," Almalik told The Jakarta Post. He said the regency would take stern action against the firms for violating their permits. He did not say what kind of action would be taken.

Alternative road to airport

Alternative road to airport TANGERANG (JP): Tangerang city administration will soon widen the four-kilometer Selapang-Karangsari street as an alternative access road to the Soekarno-Hatta International Airport, an official said on Friday. "The project, estimated at Rp 10.5 billion (US$1.45 million), will be funded by the central government," said Tangerang Mayor Muhammad Thamrin, as quoted by Antara.

Kwantas plans RI plantation

Kwantas plans RI plantation KUALA LUMPUR (Dow Jones): Kwantas Corp. Bhd., a Malaysian oil palm company, said Friday it has signed an agreement with Indonesian company PT Agronesia Makmur Sentosa to jointly convert 51,200 hectares of timber land in Kalimantan on the island of Borneo into oil palm plantations. The company didn't divulge the cost of developing the plantations. Malaysian newspaper publisher Utusan Melayu Bhd.

Construction halted near old Supreme Court building

Construction halted near old Supreme Court building JAKARTA (JP): The city administration will hold off issuing construction permits for a four-story building behind the protected former Supreme Court building in Central Jakarta, an official said on Friday. Central Jakarta Mayor Andi Subur Abdullah said the owner of the planned new building, the Directorate General of the Budget of the Ministry of Finance, should first repair damage caused to the Supreme Court building on Jl.

Megawati told to focus on next presidential election

Megawati told to focus on next presidential election MAKASSAR, South Sulawesi (JP): Megawati Soekarnoputri's withdrawal from the race for the top post in the Indonesian Democratic Party of Struggle (PDI Perjuangan) will not affect her chances in the next presidential race, a party executive said on Friday.

Over 9,500 still in hiding in Maluku jungle

Over 9,500 still in hiding in Maluku jungle AMBON, Maluku (JP): As rebuilding starts in riot-torn Maluku, over 9,500 residents of Tehoru and Weriname regencies on Seram Island remain in hiding in the jungle and nearby mountain, a humanitarian group reported recently. The head of the post handling riot victims on the island, Onny Walalayo, said the people were part of some 12,000 residents, mostly Christians, who fled their homes following sectarian riots at the end of December last year.

State bank to sponsor Ligina

State bank to sponsor Ligina JAKARTA (JP): The Soccer Association of Indonesia (PSSI) will sign a sponsorship deal with state Bank Mandiri next week to support the sixth Indonesian Soccer League (Ligina), a PSSI official said on Friday. Marketing and promotion chief Dimas Wahab said on Friday that Bank Mandiri president Robby Djohan gave his commitment for the bank's sponsorship of the ongoing Ligina in a meeting with PSSI chairman Agum Gumelar on Thursday night.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Feb. 11, 2000: Bank notes rates Buying Selling Rp Rp U.S.

Islam is politically difficult to describe

Islam is politically difficult to describe Acting chairman of Muhammadiyah, the country's second largest Muslim organization, Ahmad Syafii Maarif, shares his views with The Jakarta Post on Islam in politics today and the Maluku issue which has flared religious sentiments. Here is an excerpt: Question:How do you see the position of Islam in current political life? Answer: As a sociological phenomenon, Islam is just like other religions. As a political one, it's difficult to describe.

Forensic test matches suspect, police say

Forensic test matches suspect, police say JAKARTA (JP): Ciputat police in South Jakarta have temporarily concluded that Monday's rape and murder of a housewife was committed solely by the suspect, who was arrested on the following day, an officer said on Friday. Head of the police sub-precinct, Capt.

PAN to target constituents from rural areas, Amien says

PAN to target constituents from rural areas, Amien says YOGYAKARTA (JP): National Mandate Party (PAN) chairman Amien Rais has blamed his party's poor performance in last year's elections for its failure to attract votes from people in rural areas. In his accountability speech on Friday during the party's first congress here he said that PAN campaigners had wasted too much time building an image as a party that represented the middle class and the educated.

Beng Kong: Tomb of a forgotten captain

Beng Kong: Tomb of a forgotten captain By Ida Indawati Khouw Residents around Jl. Pangeran Jayakarta in Central Jakarta know of an area in their neighborhood called Beng Kong. But, only a few of them know that the name belongs to a great figure among the Chinese community in Batavia in the 16th century. This is the 25th article in the series on historical sites and buildings in Jakarta in Saturday editions of The Jakarta Post.

Thorough probe pledged into Marsinah's murder

Thorough probe pledged into Marsinah's murder JAKARTA (JP): Minister of Manpower Bomer Pasaribu pledged to ensure that the East Java Provincial Police conduct a thorough reinvestigation into the 1993 murder of labor activist Marsinah. He expressed his desire to see the case settled before President Abdurrahman Wahid attends an International Labor Organ ization (ILO) meeting in June.

After anthrax, now brucellosis

After anthrax, now brucellosis BANDUNG: Still reeling from the recent outbreak of anthrax in Purwakarta, the West Java administration is now on the alert after receiving reports of a possible outbreak of another animal disease, brucellosis. The dangerous disease, caused by the brucella abortus bacteria, affects pregnant cows, especially dairy cows, and causes stillbirths and premature births.

Where to go in Jakarta: Saturday, Feb. 12, 2000

Where to go in Jakarta: Saturday, Feb. 12, 2000 Exhibitions * Fine Arts Exhibition: Desa Batu di Costabrava, by Hanafi, at Galeri Milenium, Golden Plaza complex, Blok B-23, Jl. R.S. Fatmawati No. 15, South Jakarta (Phone: 7507828), 10 a.m. to 8 p.m., until March 2. * Comics Exhibition: Ils revent le monde.., at CCF - French Cultural Center, Jl. Salemba Raya 25 Central Jakarta (Phone: 3908585), until Feb. 29.

New ruling on narcotic import quota drafted

New ruling on narcotic import quota drafted JAKARTA (JP): A new regulation is being drafted to set a quota on the amount of narcotic substances imported and produced in the country in an effort to curb a possible spill-over seeping into the illegal market. Production and import of narcotics in the country are monopolized by privately-run Kimia Farma. Once the new regulation is in place, the government would have the right to restrict the amount that the company can import and produce.

Foreign exchange gain pushes up Telkom's earnings

Foreign exchange gain pushes up Telkom's earnings JAKARTA (JP) Domestic telecommunications provider PT Telkom Indonesia reported on Friday a 85.9 percent increase in net income but the surge failed to incite investors. Its consolidated income statement for 1999 showed a surge in a net earning to Rp 2.17 trillion (US$283.55 million) thanks to the turnaround in its foreign exchange income from a net loss in 1998 to a net profit in 1999.

Rp 3.5 trillion in the works for 2000 city budget

Rp 3.5 trillion in the works for 2000 city budget JAKARTA (JP): The city administration is projecting a 2000 budget of between Rp 3 trillion (US$416 million) and Rp 3.5 trillion, most of which will go toward poverty alleviation and routine expenditure, officials said on Friday. "The budget will reflect what programs need to be prioritized," Governor Sutiyoso said at City Hall.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 9:00 Music 11:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Sports 4:00 Regional News 4:30 English Lessons 5:00 Quiz 5:40 Sports 6:00 Music 6:30 News (in English) 7:00 Evening News 7:30 Quiz 8:00 TV Drama 9:00 World News 9:30 Talk Show 11:00 Film 12:00 a.m. Late News Program 2 4:30 p.m. Dance 5:00 City News 5:30 Music 6:00 TV Drama 6:30 News (in English) 7:00 Evening News 7:30 TV Drama TPI 5:30 a.m.

IRC-led investor group in hunt for Astra stakes

IRC-led investor group in hunt for Astra stakes JAKARTA (JP): Hong Kong-based fund management company Indonesian Recovery Company Co. (IRC) has placed a bid with the Indonesian Banking Restructuring Agency (IBRA) to acquire IBRA's 45 percent stake in PT Astra International. IRC director Robert Appelby said on Friday that IRC represented a consortium of investors interested in the country's largest automaker. He declined to name the other investors.

Extortion outside university

Extortion outside university From Warta Kota My younger brother was a victim of extortion in mid-December 1999. A gang of youths held him up in front of the Indonesian Christian University (UKI) at Cawang, East Jakarta. It happened in broad daylight when he was waiting at a bus stop. It all started with two youths approaching him, talking to him and introducing themselves. Then two other young men arrived at the bus stop, and the foursome sprung into action.

Utut set for Net game with Short

Utut set for Net game with Short JAKARTA (JP): Indonesian Grand Master (GM) Utut Adianto said on Friday he was ready to challenge GM Nigel Short in the first round of the Grand Prix Chess Online via the Internet at Ibis Slipi Hotel, West Jakarta, on Saturday. "Before this Saturday's tournament, I have already tried using the computer five times in the hotel's Kerinci Room.

Attorney General insists on summoning Soeharto

Attorney General insists on summoning Soeharto JAKARTA (JP): The Attorney General's office is insisting Soeharto answer a summons for questioning on Monday despite being informed by lawyers on Friday that the former president is physically and mentally unfit.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 11, 2000: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 -25 70,000 Adindo Foresta Indonesia 800 75 17,064,500 Alakasa Industrindo 600 0 0 Alfa Retailindo 950 0 272,000 Alter Abadi 400 0 0 Alumindo Light Metal 1,075 0 0 Aneka Kimia Raya 500 0 0 Aneka Tambang (Persero) 1,275 0 554,000 Anwar Sierad 325 0 20,000 APAC Centertex Corp.

Something for everyone at the local movie theater

Something for everyone at the local movie theater JAKARTA (JP): A serial killer is on the loose and a lethal chemical weapon is on the run as a teenage ugly duckling turns into a swan. It is all happening at a theater near you. The following reviews and grades are by Oren Murphy and Tam Notosusanto. The Bone Collector. Detective story, 118 minutes; starring Denzel Washington, Angelina Jolie, Queen Latifah, Michael Rooker and Ed O'Neill. Directed by Phillip Noyce.

RP launches Internet gateway

RP launches Internet gateway MANILA (AFP): Leading carrier Philippine Long Distance Telephone Co. (PLDT) said Friday it has launched an Internet gateway service which provides high-speed and cheaper worldwide links. PLDT assistant vice president for business solutions Nerisse Ramos said the move was expected to boost the company's revenue from data services because of its dominance of the local market.

Forging ties with Jakarta

Forging ties with Jakarta At last, relations between India and Indonesia are back on track and clearly on the upswing. The visiting President, Mr. Abdurrahman Wahid, has clearly spelt out his canvas for building pan-Asian ties and creating a new equation between New Delhi and Jakarta. Despite simmering problems at home and his own frail health, Mr.