Indonesian Political, Business & Finance News

Archive: 16 February 2000

54 articles found

Auction on the Internet

Auction on the Internet JAKARTA (JP): Local on-line auction service provider Lelang2000.com announced on Tuesday plans to invest about US$2 million to further develop its site.The company said its business had shown good growth with nearly 3,000 local Internet users becoming members of the service,...

37 HIV/AIDS cases reported

37 HIV/AIDS cases reported JAKARTA (JP): There were 37 new HIV/AIDS cases in Indonesia last month, according to official statistics released by the directorate general for communicable diseases at the Ministry of Health.

World awaits East Timor trial: UN

World awaits East Timor trial: UN JAKARTA (JP): UN Secretary-General Kofi Annan applauded on Tuesday the Indonesian government's actions to investigate rights violations in East Timor, but stressed that the world is watching to see if a credible prosecution of those responsible would occur.

Rosita alleges suspect went missing to thwart investigation

Rosita alleges suspect went missing to thwart investigation JAKARTA (JP): The independent commission on rights abuse in Aceh has suggested that the disappearance of a key suspect in an alleged massacre in the province, was engineered to conceal the identity of the "intellectual perpetrators" of the...

Malaysian minister visits abused RI maid

Malaysian minister visits abused RI maid KUALA LUMPUR (AFP): A Malaysian minister on Tuesday visited an Indonesian maid who suffered serious head injuries in an attack blamed on her employer's wife and said such cases damaged Malaysia's image as a caring society.

Warung Badung serves up quality Padang food

Warung Badung serves up quality Padang food JAKARTA (JP): Warung Badung is nothing if not eclectic. One may talk with the Canadian partner, eat Thai food, drink Mexican beer, listen to a British vocalist, and view Indonesian art all at the same time (except my Mum taught me never to talk with my...

Kia plans to continue with Timor car project: Kalla

Kia plans to continue with Timor car project: Kalla JAKARTA (JP): South Korean car manufacturer Kia Motors Corp. will revive its involvement in the currently suspended Indonesian national car project and is ready to inject some fresh funds into it, Minister of Trade and Industry Jusuf Kalla said on...

Airport operators plan IPOs to sell government stake

Airport operators plan IPOs to sell government stake JAKARTA (JP): State-owned airport management companies Angkasa Pura I and Angkasa Pura II plan to sell a portion of their shares to the public as part of the government's privatization program, executives of the two companies confirmed on Tuesday.

Government to submit two rights bills to House

Government to submit two rights bills to House JAKARTA (JP): Minister of Law and Legislation Yusril Ihza Mahendra said on Tuesday the government would submit two separate bills to the House of Representatives in the third week of March to help bring a closure to past human rights abuses in the...

RI exports 5m tons of paper

RI exports 5m tons of paper SURABAYA (JP): The Association of Pulp and Paper Producers reported on Tuesday that the country produced 8.5 million tons of paper last year, of which 5 million was exported.The association's chairman, Muhammad Mansur, said Indonesia's pulp production reached 5.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 15, 2000: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 900 0 38,500 Adindo Foresta Indonesia 825 0 27,477,500 Alakasa Industrindo 575 0 0 Alfa Retailindo 950 0...

Bakin warns provincial governors of new violence

Bakin warns provincial governors of new violence JAKARTA (JP): Lt. Gen. (ret.) Arie J. Kumaat, the chief of the State Intelligence Coordinating Board (Bakin), asked provincial governors to remain on alert for any new unrest in the country.

Rates for tax payment, valid from Feb. 14 to Feb. 20

Rates for tax payment, valid from Feb. 14 to Feb. 20 U.S. dollar 1 Rp 7,220.00Austrian schilling 1 514.63Australian dollar 1 4,554.38Belgian franc 1 175.55Canadian dollar 1 4,984.47Swiss franc 1 4,408.89Deutschemark 1 3,622.13Danish krone 1 954.61French franc 1 1,079.54Poundsterling 1 11,536.

Government plans IPO for BRI

Government plans IPO for BRI JAKARTA (JP): Finance minister Bambang Sudibyo said on Tuesday that he would push for the initial public offering (IPO) of Bank Rakyat Indonesia (BRI) after the state bank's recapitalization program was completed.

Relatives identify murdered transsexual

Relatives identify murdered transsexual JAKARTA (JP): The mutilated body of a man found near Tanjung Barat Railway Station in Lenteng Agung, Jagakarsa, on Monday morning has been identified as Hugo Yonathan, alias Ihok, 35.South Jakarta Police chief of detectives Maj.

Judo body optimistic about Olympics chances

Judo body optimistic about Olympics chances JAKARTA (JP): The Indonesian Judo Association (PJSI) is optimistic that its two athletes' chances will net Olympic berths in the Asian Championships in Osaka, Japan, in May.

WTO pursues agriculture, services liberalization

WTO pursues agriculture, services liberalization JAKARTA (JP): Following its failure to launch a new round of multilateral trade negotiations in Seattle last November, the World Trade Organization is pursuing negotiations on agriculture and services.

KL outlines first global Islamic money market

KL outlines first global Islamic money market LABUAN, Malaysia (Reuters): Malaysian and Gulf market regulators and bankers agreed on Tuesday to launch what they called the first global Islamic inter-bank market with Bahrain and Malaysia's Labuan as the two trading centres.The U.S.

KL firm wins RI timber rights

KL firm wins RI timber rights KUALA LUMPUR (Dow Jones): 0K.P. Keningau Bhd., a Malaysian timber company, said Tuesday it secured exclusive rights to purchase timber logs from a forest concession area covering 46,000 hectares in East Kalimantan, Indonesia.

KONI members see PON as necessary for friendship

KONI members see PON as necessary for friendship JAKARTA (JP): Participants of the National Sports Council (KONI) plenary meeting consider the National Games (PON) necessary bind athletes in the name of friendship and develop young athletes before joining the national team.

2,500 workers rally over wage increase

2,500 workers rally over wage increase SEMARANG: At least 2,500 mostly female workers of jamu producer PT Nyonya Meneer held a demonstration on Tuesday, demanding wage increases and welfare improvement.

Letter to Kofi Annan

Letter to Kofi Annan We welcome your visit to Indonesia to learn firsthand about the efforts that the people of Indonesia are making to account for the atrocities experienced by the men and women of East Timor.

KONI seeks funds for Olympics training

KONI seeks funds for Olympics training JAKARTA (JP): The National Sports Council (KONI) is approaching three big companies to arrange sponsorship funds to prepare Indonesian athletes for the 2000 Olympic Games in Sydney in September.

Seven years sought for drug producing

Seven years sought for drug producing JAKARTA (JP): A prosecutor demanded on Tuesday the Central Jakarta District Court sentence defendant Yosep Agustian Chendra to seven years in jail for allegedly producing drugs.

Surjadi ceremony a protocol 'snafu'

Surjadi ceremony a protocol 'snafu' JAKARTA (JP): Minister of Law and Legislation Yusril Ihza Mahendra acknowledged on Tuesday that the swearing-in ceremony of Surjadi Soedirdja to temporarily assume ministerial duties of Gen.

Sorong provocateur arrested

Sorong provocateur arrested JAYAPURA, Irian Jaya (JP): Sorong police have arrested a man for allegedly provoking the Malamoi tribe to close down government and private company offices during a demonstration in Sorong last week.Chief of the Sorong police precinct Lt. Col.

Elderly man refuses to descend from tower

Elderly man refuses to descend from tower JAKARTA (JP): Residents of the Gang Buncit V slum area in South Jakarta on Tuesday attempted to convince a 60-year-old man to climb down from a high-voltage electricity tower.

Electricity firm may lose $1.87b this year

Electricity firm may lose $1.87b this year JAKARTA (JP): State electricity company PT PLN may lose Rp 13.7 trillion (US$1.87 billion) during the 2000 fiscal year beginning in April, Minister of Mines and Energy Susilo Bambang Yudhoyono warned on Tuesday."But these losses could be cut to only Rp 4.

RI to host Asian athletics c'ship

RI to host Asian athletics c'ship JAKARTA (JP): Indonesia will host the Asian track and field championship for the third time at the Madya athletic stadium here from Aug. 2 to Aug. 5, the Indonesian Amateur Athletics Association (PASI) chairman Bob Hasan said on Monday.

Indonesia ready for India in Uber Cup

Indonesia ready for India in Uber Cup JAKARTA (JP): Indonesia is optimistic the team can overcome host India in the first day of the Uber Cup semifinals in New Delhi on Wednesday.Team manager, Christian Hadinata, told The Jakarta Post Tuesday that on paper, Indonesian women's shuttlers would be...

Government mulls including Riau in CPP project

Government mulls including Riau in CPP project JAKARTA (JP): Riau may become joint owner and developer of the Coastal Plains Pekanbaru (CPP) oil block with state oil and gas company Pertamina and PT Caltex Pacific Indonesia, an official said on Tuesday.

Bumi Modern fails to get approval for rights issue

Bumi Modern fails to get approval for rights issue JAKARTA (JP): Publicly listed tourism and hotel concern PT Bumi Modern failed to secure approval from the Capital Market Supervisory Board (Bapepam) for its planned rights issue to raise Rp 9.3 trillion (about US$1.

Standard Chartered mulls RI as fifth core market

Standard Chartered mulls RI as fifth core market BANGKOK (Reuters): British-based Standard Chartered Bank Plc was is looking for opportunities to develop either Indonesia, the Philippines, or Taiwan as its fifth core market in Asia,David Proctor, head of corporate and institutional banking...

Cellular phone shop ransacked in Bogor

Cellular phone shop ransacked in Bogor BOGOR (JP): Cellular phone shop Global 315 Surya Kencana, a distributor of German-made Ericsson phones, suffered Rp 62.5 million in losses in a robbery on Tuesday.

Doctors say Soeharto still too ill

Doctors say Soeharto still too ill JAKARTA (JP): Soeharto's medical team formally informed the Attorney General's Office on Tuesday that the former president was too sick to face a corruption investigation.Neurologist Teguh A.S.

Irianese's life expectancy only 40 years

Irianese's life expectancy only 40 years JAKARTA (JP): The life expectancy of the Irianese is about 40 years, the shortest among ethnic groups in Indonesia, due to malnutrition and a poor health service, a senior local official says.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Feb. 15, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,224.00 7,296.00Australian dollar 1 4,530.89 4,579.70Austrian schilling 1 513.65 519.03Belgian franc 1 175.21 177.05Brunei dollar 1 4,263.71 4,308.75Canadian dollar 1 4,961.

Sports council not deterred from fund raising program

Sports council not deterred from fund raising program JAKARTA (JP): The National Sports Council (KONI) said it would stick to its plan to launch its fund-raising program, the People's Fund for Sports (Damura), despite statements from the Indonesian Consumers Foundation (YLKI) and the Indonesian...

Outdoor advertising permit to be simplified

Outdoor advertising permit to be simplified JAKARTA (JP): City administration will shorten the bureaucratic red tape on outdoor billboard applications by simplifying its procedures, an official said on Tuesday.

Hutchison Whampoa looks to buy 5% stake in Multipolar

Hutchison Whampoa looks to buy 5% stake in Multipolar JAKARTA (JP): Hong Kong-based conglomerate Hutchison Whampoa Ltd. intends to acquire a 5 percent stake in technology company PT Multipolar Corp. of Lippo Group through a direct placement, the president of the latter company said.Jeffrey K.

Supreme Court examines dossiers on Goro case

Supreme Court examines dossiers on Goro case JAKARTA (JP): The Supreme Court is examining dossiers on the controversial Rp 95.4 billion (US$13.4 million) Goro land case which were filed on appeal with the court about two months ago, an official said on Tuesday.

WestJava, Central Java vie to host 2004 National Games

WestJava, Central Java vie to host 2004 National Games JAKARTA (JP): Two candidates for the 2004 National Games (PON) boasted on Tuesday their full preparation to host the quadrennial event.Chairmen of the National Sports Council (KONI) West Java chapter, Dedem Ruchlia, and KONI Central Java...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Music 4:00 News 4:30 Indonesian Lessons 5:00 Music 5:30 Sports 6:30 TVRI News 7:00 Evening News 7:30 TV Drama 8:00 Music 9:00 World News 9:35 Talk Show...

Government to introduce excise tax on tires, cement, soft drinks

Government to introduce excise tax on tires, cement, soft drinks JAKARTA (JP): The government is set to introduce an excise tax on cement, tires and soft drinks in April in a bid to raise about Rp 2 trillion (about US$275.8 million) to help finance the April- December 2000 state budget.

Israel wants to develop ties with Indonesia

Israel wants to develop ties with IndonesiaBy Oei Eng Goan JERUSALEM (JP): Israel wants to build friendly and diplomatic ties with Indonesia and wishes to see their relations develop naturally now that a major change has taken place in the world's largest Muslim country, Israeli Minister of...

Agency to restore vanished parks

Agency to restore vanished parks JAKARTA (JP): The City Park Agency hopes to restore two parks in each of Jakarta's five mayoralties each year in a drive to regreen the capital.Over the last decade, 302 city parks covering 174.9 hectares have been reduced to 203 with 102.

Mahathir may face arrest if he snubs order to testify

Mahathir may face arrest if he snubs order to testify KUALA LUMPUR (Agencies): Defense lawyers in the Anwar Ibrahim sodomy trial said on Tuesday they may seek a warrant to arrest Malaysian Prime Minister Mahathir Mohamad if he fails to obey a subpoena to testify.

Contamination causes harvest failures

Contamination causes harvest failuresFrom Pikiran RakyatWe, the farmers of Rancaekek subdistrict, Bandung regency, have had harvest failure for the last 10 years because the waste water from a dye factory has not been treated before release, therefore causing water contamination.

Police burn contraband

Police burn contraband JAKARTA (JP): Ciputat Police in South Jakarta destroyed on Tuesday 151.3 kilograms of dry marijuana leaves, confiscated from five suspected drug dealers on Jl. Nyai Dasimah in the Sawah Lama village of Ciputat, Tangerang, in December last year.South Jakarta police chief Col.

Religiosity must renounce vengeance

Religiosity must renounce vengeance I was petrified to read your interview with the acting chairman of Muhammadiyah, Ahmad Syafii Maarif in The Jakarta Post edition of Feb. 12, 2000. Although he claimed he and his organization were "not radical", almost in the same breath he irresponsibly uttered...

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333): A Night of Love features musician Glenn Bagus Zulkarnaen, 6:30 p.m., Feb. 24. * Hyatt Regency Surabaya, Jl. Jend.

Probe on PDI HQs attack to take 3 months

Probe on PDI HQs attack to take 3 months JAKARTA (JP): National Police chief Lt. Gen. Rusdihardjo vowed on Tuesday that the police would take up to three months, to complete an investigation into the July 27, 1996 bloody takeover of the Indonesian Democratic Party (PDI) headquarters.

Khofifah voices concern over abortion case

Khofifah voices concern over abortion case JAKARTA (JP): State Minister of the Empowerment of Women Khofifah Indar Parawansa called on Tuesday for tough measures against three people, including a doctor and midwife, accused of performing abortions in the capital.

Oil prices surge to near nine-year high in Asia

Oil prices surge to near nine-year high in Asia SINGAPORE (Reuters): Crude oil prices remained near nine-year highs in Asia on Tuesday after breaking through the psychologically important $30 a barrel level in New York.March New York Mercantile Exchange crude futures were quoted at US$30.