Indonesian Political, Business & Finance News

Archive: 10 March 2000

51 articles found

End of a chapter

End of a chapter By disbanding the Coordinating Agency to Support the Strengthening of National Stability (Bakorstanas) and all its units in the regions, President Abdurrahman Wahid has closed another chapter in the military's domination of the government in this country.

Angelique, Dea in junior semis

Angelique, Dea in junior semis JAKARTA (JP): Angelique Widjaja and Dea Sumantri moved a step closer to an all-Indonesian final in the girls' singles of the Indonesia Gas Negara International Junior tennis championships on Thursday.

Aussie police ask help over migrants

Aussie police ask help over migrants BOGOR (JP): Australian police have asked for the help of Bogor Regional Police in preventing Middle Eastern migrants illegally entering the country through the West Java port of Pelabuhan Ratu, an official said on Thursday.Bogor Regional Police chief Col.

Police officers deny torture accusations

Police officers deny torture accusations JAKARTA (JP): Two police detectives told the West Jakarta District Court on Thursday that they did not physically or mentally intimidate drug defendant Donny Hendrian during the preparation of his affidavit for alleged drug possession.Chief detectives Sgt.

A most serious legal test case

A most serious legal test case The case involving the mismanagement of Bank Indonesia's liquidity support (BLBI) money (for troubled private banks) will be the final test case for the Attorney General's Office. If it dallies, it is certain to face serious problems.

Taipei, Jakarta leads regional markets as Tokyo, HK end lower

Taipei, Jakarta leads regional markets as Tokyo, HK end lower HONG KONG (AP): Asian stock markets closed mixed Thursday, with the region's two biggest, Tokyo and Hong Kong, closing lower but Taipei and Jakarta gaining more than 2 percent each.

Japan's SMEs eye Indonesia amid concerns over security

Japan's SMEs eye Indonesia amid concerns over securityBy Devi M. Asmarani BATAM (JP): Japanese small and medium enterprises said here on Thursday they were interested in setting up businesses in Indonesia, but were still concerned by the country's security situation.

Athletes in Olympics training suffer injuries

Athletes in Olympics training suffer injuries JAKARTA (JP): Seven athletes currently training for the 2000 Olympic Games in Sydney have to undergo medical treatment for injuries or illnesses, the National Sports Council (KONI) said on Thursday.

PDI-P executive on shortlist for top position at Telkom

PDI-P executive on shortlist for top position at Telkom JAKARTA (JP): Dimyati Hartono, senior executive of the Indonesian Democratic Party of Struggle (PDI Perjuanagan), and president of satellite operator PT Pasifik Satelit Nusantara Adi R.

Bintuni on its share price

Bintuni on its share price JAKARTA (JP): Publicly-listed PT Bintuni Minaraya fishing company explained on Thursday it did not know anything that could be material to the unusually steep rise in the price of its shares that prompted the Capital Market Supervisory Agency to suspend the share trading...

Gemala Container's Rp 92b debt

Gemala Container's Rp 92b debt I refer to a report in a number of newspapers about a Rp 92 billion debt and would like to ask H. Gozali, director of PT Gemala Container the following:1. What were the steps taken by Gemala with Bank Indonesia that exempted the Rp 92 billion debt from interest...

New Jakarta visitors guide to be published in August

New Jakarta visitors guide to be published in August JAKARTA (JP): PT Media Dutaservisindo publishing company in collaboration with the Indonesian Hoteliers & Restaurateurs Association (PHRI) plans to publish its first guidebook to Jakarta in August this year, company executives announced here on...

Cultural differences a sacred cow?

Cultural differences a sacred cow?By Donna K. Woodward MEDAN (JP): Last Dec. 30 The Jakarta Post carried a report from Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie about the state-run electricity firm's loss of Rp 5 trillion because of poor management.

Policemen crushed by falling tree

Policemen crushed by falling tree JEPARA, Central Java: A 30-meter-high tree toppled in a forested area near Darmolo village, Bangsri district here, killing three policemen on patrol.The tree, which was 65 centimeters in diameter, fell on a total of nine policemen. Three remain hospitalized.

Sampoerna back in black due to drop in debts

Sampoerna back in black due to drop in debts JAKARTA (JP): Publicly listed cigarette producer PT HM Sampoerna expects to book a net profit of about Rp 1.36 trillion (about US$181 million) in 1999, a turnaround from a net loss of Rp 95 billion the previous year.The company's finance director, Eka D.

Fisheries touted for net value

Fisheries touted for net value MAUMERE, East Nusa Tenggara (JP): Minister of Maritime Exploration and Fisheries Sarwono Kusumaatmadja said East Nusa Tenggara should prepare its human resources in the maritime sector to exploit its rich marine assets.

Goat sellers out for more than hay at Idul Adha

Goat sellers out for more than hay at Idul Adha JAKARTA (JP): Goat sellers have set up shop on streets in many parts of the city with the Idul Adha Islamic Day of Sacrifice only a week away.The seasonal sellers are back in business for the holiday, which will fall on March 16, and several sidewalks...

All-Jakarta final in Ligina league expected

All-Jakarta final in Ligina league expected JAKARTA (JP): Persija Jakarta returned victorious from Brunei on Thursday only to be challenged by Governor Sutiyoso to set their eyes on reaching the final of the domestic Bank Mandiri soccer league.

Sugarcane farmers bitter about imports

Sugarcane farmers bitter about imports SURABAYA, East Java: Hundreds of sugarcane farmers staged a protest at the provincial legislature on Thursday, demanding the government limit sugar imports because they were undermining the price of local sugar.

Malaysia supports Indonesian unity, warns Aceh rebels

Malaysia supports Indonesian unity, warns Aceh rebels JAKARTA (JP): Visiting Malaysian Prime Minister Mahathir Mohamad affirmed on Thursday his country's support for Indonesia's unity, and warned Aceh separatist rebels not to use his country as a base for their resistance.

Where to go in Jakarta: Friday, March 10, 2000

Where to go in Jakarta: Friday, March 10, 2000Exhibitions * Painting Exhibition: Generasiku Harapanku, My Generation, My Hope, by Trubus S, Kartono Y, Wakidi, Sudarso, Ad Pirous Dullah, etc., at Hotel Mulia Senayan, Jl. Asia Afrika, Senayan, Central Jakarta (Phone: 5747777), until March 17.

Raid on fire arms

Raid on fire armsFrom Pos KotaWhether or not the attack against the Deputy Speaker of the People's Consultative Assembly Matori Abdul Djalil has a political motive, it is a big challenge for the Police.

Prabowo intends to tell all in book

Prabowo intends to tell all in book JAKARTA (JP): Lt. Gen. (ret.) Prabowo Subianto, the disgraced former chief of the Army Strategic Reserves Command (Kostrad), has said he intends to put the record straight in a planned book on events surrounding the bloody May 1998 riots and abduction of student...

Marzuki told to get tough with Soeharto

Marzuki told to get tough with Soeharto JAKARTA (JP): Leading activists on Thursday called on the Attorney General's Office not to waste more time in taking firm action against former president Soeharto as his meeting with President Abdurrahman Wahid on Wednesday proved that his condition was not...

Vendors defy order to close their business

Vendors defy order to close their business JAKARTA (JP): More than 100 street vendors whose kiosks were demolished earlier this week returned on Thursday to the "strategic" site in front of the Senen market.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Mar. 9, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 775 25 5,500 Adindo Foresta Indonesia 650 25 8,117,000 Alakasa Industrindo 425 0 5,000 Alfa...

One luxury car smuggler arrested

One luxury car smuggler arrested JAKARTA (JP): Tanjung Priok Port (KP3) Police detectives in North Jakarta arrested a suspected car smuggler on Tuesday in connection with the seizure of nine illegal luxury cars and 200 spare parts by city traffic police since late January, an officer said on...

The pros and cons of the presidential bill

The pros and cons of the presidential bill The issue of who is to take over the country's reins if the president and vice president both become incapacitated has been the subject of controversy over the past few weeks. Political analyst J. Soedjati Djiwandono reflects on the issue.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Mar. 9, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,396.00 7,470.00Australian dollar 1 4,533.75 4,582.85Austrian schilling 1 517.39 522.78Belgian franc 1 176.49 178.32Brunei dollar 1 4,322.37 4,368.17Canadian dollar 1 5,079.

Razaleigh keeps UMNO hopes alive

Razaleigh keeps UMNO hopes alive KUALA LUMPUR (Reuters): Malaysia's former finance minister Razaleigh Hamzah on Thursday kept alive the dwindling possibility that he will challenge either Prime Minister Mahathir or his deputy for the leadership of the country's dominant party.

Regional autonomy 'needs no rulings'

Regional autonomy 'needs no rulings' JAKARTA (JP): Minister of Law and Legislation Yusril Ihza Mahendra said the government should not issue too many rulings on regional autonomy and instead allow provinces and regencies to take the initiative in handling the affairs.

Primary school teachers 'deserve raises'

Primary school teachers 'deserve raises' YOGYAKARTA (JP): Primary school teachers deserve a salary increase due to the tougher challenges they take on compared to those who teach at high school, an observer said.

More counterfeit money turns up in the capital

More counterfeit money turns up in the capital JAKARTA (JP): Police and airport customs officials have made a number of recent seizures of counterfeit rupiah and U.S. dollar banknotes, raising fears that the capital is becoming a hot spot for the distribution of phony bills.

Indah Kiat gets offshore loan

Indah Kiat gets offshore loan HONG KONG (Dow Jones): Indonesia's Indah Kiat Pulp & Paper Corp is lining up the country's first syndicated loan since the financial regional crisis, marking a turnaround in bank attitudes toward the beleaguered Southeast Asian nation.

IBRA set to put 20 firms on the market this year

IBRA set to put 20 firms on the market this year JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has added another 11 smaller companies onto its list of assets to be sold between April and December this year in a bid to help raise some Rp 18.9 trillion (US$2.

Blok M bus terminal

Blok M bus terminalFrom Warta KotaI change city buses at the Blok M terminal and often feel annoyed at the disorder reigning in this well known area. The Jakarta Administration often praises this terminal as the most modern in the capital city.

Police heed threat of arson attacks

Police heed threat of arson attacks PURWOKERTO, Central Java: Police here have stepped up protection around an unlicensed prostitution site near the Baturaden recreation area after numerous threats of arson attacks.Baturaden Police chief Lt.

Bandung sculptor wins statue design competition

Bandung sculptor wins statue design competition JAKARTA (JP): A board of jurists has declared Bandung sculptor Ketut Winata the winner of a design competition for a statue of national hero Muhammad Husni Thamrin.

New regulation in works to curb illegal fishing

New regulation in works to curb illegal fishing JAKARTA (JP): The government will apply a new fishing licensing regulation as it moves to curb illegal foreign fishing in Indonesian waters, Minister of Maritime Exploration Sarwono Kusumaatmaja said on Thursday.

Killer machine

Killer machineFrom Rakyat MerdekaState Minister of Human Rights Affairs Hasballah M. Saad said at the 40 days commemoration of the death of House member Tgk. Nashirudin from Aceh that in the past two months more than 100 mutilated bodies had been found in Aceh.

President concerned about Roche's case

President concerned about Roche's case JAKARTA (JP): President Abdurrahman Wahid has reiterated that Indonesia should honor the sanctity of contracts and abide by Law No.30/1999 on arbitration and alternative dispute settlement to woo back foreign investors and keep those already doing business in...

Mahathir asks RI to aid investors

Mahathir asks RI to aid investors JAKARTA (JP): Visiting Malaysian Prime Minister Mahathir Mohamad asked Indonesia on Thursday to provide "some facilities" for Malaysian investors to enhance bilateral economic ties.

House may nominate Benjamin for seat on the Supreme Court

House may nominate Benjamin for seat on the Supreme Court JAKARTA (JP): The House of Representatives could still nominate prominent former judge Benjamin Mangkoedilaga as a supreme court justice, even though the Supreme Court has excluded him from the list of candidates, House Speaker Akbar...

S'pore school teaches 'angklung' and computers

S'pore school teaches 'angklung' and computersBy Endy M. Bayuni SINGAPORE (JP): The distinct sound of bamboo being shaken from angklung hailed our arrival at the school yard. As the 20 or so fourth graders played Somewhere Over the Rainbow and Eidelweiss with the traditional Indonesian bamboo...

Jakarta awash with instrumental music

Jakarta awash with instrumental musicBy Y. Bintang Prakarsa JAKARTA (JP): Last week was a time of world-class instrumental musical performances in the city. On the cramped stage of Erasmus Huis, the splendor that was Baroque was resurrected on Sunday in a gripping account by the fourteen members of...

Asrim against excise taxes on soft drinks

Asrim against excise taxes on soft drinks JAKARTA (JP): The Association of Indonesian Soft Drink Producers (Asrim) opposed on Thursday the government's plan to introduce excise taxes on soft drinks.The association's chairman Mugijanto said that imposing excise taxes on "price-sensitive" products...

Abolishment of more TNI bodies urged

Abolishment of more TNI bodies urged JAKARTA (JP): Following the decision to abolish the Coordinating Agency to Support the Strengthening of National Stability (Bakorstanas), legislators and observers urged other military-controlled monitoring bodies to also be dissolved.

U.S. warned on sales to Taiwan

U.S. warned on sales to Taiwan BEIJING (AP): China called on Thursday for the immediate cancellation of U.S. plans to sell air defense equipment to Taiwan, warning that such sales inflame already tense relations.

Do the right thing in Nigeria and Indonesia

Do the right thing in Nigeria and IndonesiaBy Gwynne Dyer LONDON (JP): On Feb. 29, in the Nigerian capital of Abuja, 18 men did a brave thing. At an emergency meeting between President Olusegun Obasanjo and the governors of the country's 36 states, the leaders of the Muslim-majority northern states...

Nuisance at U-turns

Nuisance at U-turnsFrom NeracaFor several years now the number of self-appointed traffic guides at U-turns in Jakarta has increased tremendously. They have not helped in easing congestion but instead often cause bottlenecks and hazards for themselves.

Pirates threaten wealth: Officials

Pirates threaten wealth: Officials SINGAPORE (AP): Pirates in Southeast Asian seas are a major threat to prosperity, officials attending a three-day anti-piracy conference said on Thursday."Participants shared the view that problems of piracy and armed robbery against ships are not only the major...