Indonesian Political, Business & Finance News

Archive: 23 February 2000

48 articles found

Spectators stunned by Agus' court appearance

Spectators stunned by Agus' court appearance JAKARTA (JP): The presence of Army second Lt. Agus Isrok in the West Jakarta District Court on Monday stunned onlookers, who clearly did not expect an appearance by the son of an active four-star Army general.

Indonesia demands explanation for covert Australian flights

Indonesia demands explanation for covert Australian flights JAKARTA (JP): The Indonesian Foreign Ministry has sent a diplomatic note demanding Canberra explain the existence of illicit flights made by Australian airplanes entering Indonesian airspace over the Maluku Islands.The note, dated Nov.

Indonesia to introduce new education curriculum

Indonesia to introduce new education curriculum JAKARTA (JP): Setting its sights on lifting national scholastic aptitude to new standards, the government will introduce a core education curriculum in the school year beginning in July.

American found dead in hotel room

American found dead in hotel room JAKARTA (JP): The body of an American national was found in a room on the fourth floor of a three-star hotel in the Bidakara complex on Jl. Gatot Subroto, South Jakarta, on Tuesday morning.

Two dead as buses collide in Batang

Two dead as buses collide in Batang BATANG, Central Java: A collision between two intercity buses on Tuesday morning in Kalibalik village, Batang district, claimed at least two lives and injured 50.The dead were identified as one of the bus drivers, Roki, 35, and passenger Suparman, 30.

Caltex regrets news report

Caltex regrets news report JAKARTA (JP): Oil company PT Caltex Pacific Indonesia denied on Tuesday it backed the Riau provincial administration's demand to take over full ownership of the Coastal Plains Pekanbaru oil block.

Three arrested over drugs

Three arrested over drugs JAKARTA (JP): Sunda Kelapa Police detectives arrested three people for possession of three kilograms of marijuana early on Tuesday morning.Police suspect they intended to sell the drug to fishermen in the Tanjung Priok area.Tanjung Priok Seaport (KP3) Police chief Lt. Col.

25% of funds deposited overseas has returned

25% of funds deposited overseas has returned JAKARTA (JP): Indonesian Business Development Council chairman Sofyan Wanandi estimated on Tuesday a quarter of the funds deposited overseas by local businesspeople had returned to the country and been reinvested.

City prepares draft bylaw on asset management

City prepares draft bylaw on asset management JAKARTA (JP): Head of the City Supplies Office, Dadang Ruskandar, said on Tuesday that the city administration was ready to submit a draft bylaw on city asset management as requested by the City Council.

Pertamina finds Jambi gas

Pertamina finds Jambi gas JAKARTA (JP): State oil and gas company Pertamina announced on Tuesday it had found gas and condensate at its Rengan Condong No. 1A well, 60 kilometers southwest of the provincial capital of Jambi.The company said in a statement the well flow was 11.

Vision 2020 campaign fights for people's right to sight

Vision 2020 campaign fights for people's right to sight JAKARTA (JP): People's ignorance about eye care, poor nutrition and the inadequate number of ophthalmologists combine to keep the incidence of preventable blindness high in Indonesia.

Gus Dur mulls beginning of antigraft commission

Gus Dur mulls beginning of antigraft commission JAKARTA (JP): President Abdurrahman Wahid sent out a warning to all corrupt state officials and legislators on Tuesday to be prepared to face tough action as he would appoint strict and clean enforcers to lead the charge in weeding out corruption.

Footwear workers strike in Semarang

Footwear workers strike in Semarang SEMARANG: About 1,000 workers of footwear company PT Famous Shoes staged a demonstration on Tuesday outside the provincial council to demand a salary increase and better welfare provisions.

Donation beefs up KONI's Olympic training fund

Donation beefs up KONI's Olympic training fund JAKARTA (JP): Fast food firm McDonald's Indonesia has pledged Rp 1 billion (US$137,000) toward the National Sports Council's (KONI) training of athletes for the 2000 Olympic Games in Sydney in September.

Economics team to decide fate of Indorayon

Economics team to decide fate of Indorayon JAKARTA (JP): State Minister of Environment Sonny Keraf said on Tuesday he was waiting for a decision from the Cabinet's economics team over his proposal to close the pulp and rayon plant belonging to PT Inti Indorayon Utama.

Workers left to grin and bear planned minimum wage hike

Workers left to grin and bear planned minimum wage hike JAKARTA (JP): Workers in the greater Jakarta area who receive the minimum wage said on Tuesday a planned raise would make little difference in their spending power due to the spiraling cost of living.

Officers questioned over July 27 incident

Officers questioned over July 27 incident JAKARTA (JP): The National Police chief has questioned three generals and two colonels in connection with the investigation into the July 27, 1996 bloody takeover of the Indonesia Democratic Party (PDI), an officer said on Tuesday.Col.

Puzzle surrounds beating of Nigerian in C. Jakarta

Puzzle surrounds beating of Nigerian in C. Jakarta JAKARTA (JP): Central Jakarta Police transferred a Nigerian, who Cempaka Putih residents beat after he was accused of raping a housemaid, to Jakarta Police Headquarters on Monday for further investigation, an officer said.

IBRA approves interbank claims on closed banks

IBRA approves interbank claims on closed banks JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has decided that 34 interbank claims on banks closed by the government last year totaling Rp 1 trillion and US$32.8 million are eligible for the government guarantee program.

Observers call for review of laws on TNI role in politics

Observers call for review of laws on TNI role in politics JAKARTA (JP): The House of Representatives and the People's Consultative Assembly came under fire on Tuesday for lacking concrete moves to restrict Indonesian Military (TNI) from politics.

Hiking taxes may be catastrophic

Hiking taxes may be catastrophicBy Christopher Lingle UBUD, Bali (JP): Like many other governments in crisis-torn East Asia, the Indonesian government is struggling under the weight of large budget deficits.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Feb. 22, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,413.00 7,487.59Australian dollar 1 4,639.06 4,689.11Austrian schilling 1 534.68 540.29Belgian franc 1 182.39 184.30Brunei dollar 1 4,339.66 4,385.54Canadian dollar 1 5,088.

KPU steadfast over planned local elections

KPU steadfast over planned local elections JAKARTA (JP): The General Elections Commission (KPU) reiterated on Tuesday local elections in newly established provinces and regencies would take place despite challenges from the government and major factions in the House of Representatives.

The minimum wage riddle

The minimum wage riddle How do you eke out an existence on a monthly salary of Rp 231,000 (US$31)? It is a riddle that can be answered in thousands of different ways. Many workers in Jakarta who are paid the current minimum wage are bound to have different tales to tell of how they make ends meet.

Woman arrested over flour

Woman arrested over flour BOGOR (JP): Local police have arrested Lilis Suryajaya, a 46- year-old resident of Jl. Raya Cisaat in Sukabumi, for allegedly repacking imported flour into sacks bearing the blue triangle and key logos of PT Bogasari and passing it off as Bogasari flour.

Official says Indonesia has freedom of religion

Official says Indonesia has freedom of religion JAKARTA (JP): Past practices of prohibiting major religions have been based on political motives and not theological considerations as the state itself acknowledges the freedom of all faiths, including Judaism.

Aussie told to buy RI textile

Aussie told to buy RI textile BANDUNG (JP): Indonesian textile producers have asked Australian businessmen to buy more textiles and related products in a bid to improve trade between the two countries.Lili Asdjudireja, the chairman of the West Java branch of Indonesian Textile Association (API),...

Accent Australia at the Grand Hyatt

Accent Australia at the Grand HyattBy David Eyerly JAKARTA (JP): The Grand Hyatt Jakarta recently invited a dozen or so distinguished journalists from some of the finest publications in the capital to a special behind-the-scenes look at the hotel's Taste of Australia food promotion, which runs...

Favor-seeking entrepreneurs

Favor-seeking entrepreneurs As President Abdurrahman Wahid has told us, many businesspeople come to him asking for favors, i.e. government projects. Those people lack the creativity and the capacity to start their own undertakings.

Government raises its target on revenue

Government raises its target on revenue JAKARTA (JP): The government decided on Tuesday to revise upward its targets for asset sales, oil export price, and tax revenues in the April-December 2000 budget year following pressure from the House of Representatives.

January car sales drop

January car sales drop JAKARTA (JP): Indonesia's domestic car sales dropped to 11,036 in January, compared to 15,348 a month earlier, according to data from the Association of Indonesian Automotive Industries.Exports of vehicles also dropped to 2,204 in January from 3,527 in December.

Astaga's users hit 25,000

Astaga's users hit 25,000 JAKARTA (JP): New Internet website Astaga!Com said on Tuesday it had recorded 25,000 registered users since its launch two weeks ago.It further said traffic to the website had been growing by 20 percent with an average of 850,000 hits per day.

Banten group asks to go it alone

Banten group asks to go it alone BANDUNG: The Banten Communication and Aspiration Forum (FAMB) has officially submitted a request to secede from West Java and form an independent province.A group comprising local councilors and students representing Banten conveyed their request to West Java...

Forsad threatens to damage police HQ

Forsad threatens to damage police HQ JAKARTA (JP): The Study Forum of Democratic Actions (Forsad) has challenged city police detectives to prove with legal evidence the drug case and charge of car theft following the arrest of one of its executives.

Commercial Court starts trial of Dharmala Sakti bankruptcy

Commercial Court starts trial of Dharmala Sakti bankruptcy JAKARTA (JP): The Jakarta Commercial Court will hold the first hearing of a US$2.4 million bankruptcy case between plaintiff PT Hanil Bakrie Finance Corporation and defendant PT Dharmala Sakti Sejahtera on Wednesday.

Unwanted images of Soeharto

Unwanted images of SoehartoFrom NeracaRecent newspaper reports said that the Rp 50,000 banknote bearing the likeness of former president Soeharto could not be exchanged for rial in Saudi Arabia. The government denied the report and said it was only a rumor.

Hero posts record profit

Hero posts record profit JAKARTA (JP): Publicly-listed Hero Supermarket announced on Tuesday a record operating profit of Rp 80 billion (US$11.1 million) for 1999, up 10.7 percent from 1998.Hero's president Ipung Kurnia said net profit (after tax and minorities) for last year, however, totaled Rp...

Sports officials to meet President

Sports officials to meet President JAKARTA (JP): National Sports Council (KONI) chairman Wismoyo Arismunandar, State Minister of Youth Affairs and Sports Mahadi Sinambela and organizers of the 15th National Games (PON) will meet with President Abdurrahman Wahid on Wednesday.

Violence rocks Maluku after week of calm

Violence rocks Maluku after week of calm AMBON, Maluku (JP): A church in the Central Maluku regency capital of Masohi was burned in a bomb blast as fresh violence rocked the province on Tuesday.The attack broke weeks of calm in Maluku after a year of sectarian conflict which left thousands dead and...

Military police declare Agus a suspect

Military police declare Agus a suspect JAKARTA (JP): Just one day after a district court heard the testimony of Army Second Lt. Agus Isrok as a witness in a civilian drug case, military police prosecutors completed their dossiers on Agus and have declared him a suspect.

Shoe exports to reach $2 billion

Shoe exports to reach $2 billion SURABAYA (JP): The Association of Indonesian Shoe Producers (Aprisindo) expect shoe exports to increase to US$2 billion this year from $1.7 billion in 1999.The association's chairman Tjandra M.

New minimum wages panned by NGOs

New minimum wages panned by NGOs JAKARTA (JP): The Jakarta Legal Aid Institute (LBH) and the Information System and Legal Education Institute (Sisbikum) have urged workers to reject the new regional minimum wages, saying the level was too low and against international standards.

Indonesia remains attractive to Japanese investors

Indonesia remains attractive to Japanese investors JAKARTA (JP): Ongoing uncertainties on Indonesia's political, security and social fronts will not deter Japanese investors from investing in the country, a senior official at the Japanese External Trade Organization (JETRO) said.

ASEAN paving way 'for new ideas'

ASEAN paving way 'for new ideas' SINGAPORE (DPA): The Association of Southeast Asian Nations (ASEAN) has become the driving force behind new ideas fostering cooperation and dialog among Southeast Asian countries, a key figure said in a conference report on Tuesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 22, 2000: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 0 0 Adindo Foresta Indonesia 700 -50 6,649,000 Alakasa Industrindo 475 -100 11,500 Alfa Retailindo...

Fake finger gives 'yakuza' away

Fake finger gives 'yakuza' away MANILA (AP): A Japanese yakuza gang member was sent back to Japan by Philippine authorities after they discovered he was using a fake finger to hide one that had been cut off, officials said on Tuesday.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333): - Balai Adika Ballroom: A Night of Love features musician Glenn Bagus Zulkarnaen, 8 p.m. to 9 p.m., Feb. 24. * Hyatt Regency Surabaya, Jl. Jend.

Central Java council says let South Sumatra host 2004 PON

Central Java council says let South Sumatra host 2004 PON SEMARANG (JP): Central Java Council members urged the province administration to allow South Sumatra to host the 2004 National Games (PON) and focus its attention on the 2008 PON.