Indonesian Political, Business & Finance News

Archive: 17 March 2000

51 articles found

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on March 15, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,398.00 7,472.00Australian dollar 1 4,539.41 4,588.56Austrian schilling 1 519.62 525.36Belgian franc 1 177.25 179.21Brunei dollar 1 4,327.07 4,372.92Canadian dollar 1 5,053.

Foreign investors watch for outcome of Indorayon case

Foreign investors watch for outcome of Indorayon case JAKARTA (JP): Although Indonesia's pulp and paper industry remains attractive to foreign investors, they are monitoring the resolution of the PT Inti Indorayon dispute, the chairman of the Indonesian pulp paper association (APKI) said.

Widjojo to head new economic team

Widjojo to head new economic team JAKARTA (JP): President Abdurrahman Wahid announced Wednesday that he's planning to create a team of economic experts to support his economic ministers.Abdurrahman said that the new unofficial team will be headed by Widjojo Nitisastro, the chief economic adviser of...

U.S. awards grant to Batam

U.S. awards grant to Batam JAKARTA (JP): The U.S. Trade and Development Agency (TDA) awarded a grant of US$483,500 for the feasibility study on the wastewater treatment plant on the island of Batam, Riau, the U.S. embassy in Jakarta said.The grant was awarded by TDA's director J.

IBRA taken to task on property bad debt bind

IBRA taken to task on property bad debt bind JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has failed to make significant progress in restructuring bad debts of property developers since assuming them two years ago, property expert Panangian Simanjuntak said here on Wednesday.

Irianese leaders accused of plot against the govt

Irianese leaders accused of plot against the govt JAYAPURA, Irian Jaya (JP): Local police have officially named nine leading Irianese figures here as suspects for allegedly plotting against the state.Irian Jaya Police chief of detectives Col.

Bittersweet win for Malaysia's Anwar Ibrahim

Bittersweet win for Malaysia's Anwar IbrahimBy Nelson Graves KUALA LUMPUR (Reuters): Malaysia's jailed former finance minister Anwar Ibrahim has won legal vindication over a beating he suffered in police detention, but his assailant's trial prompted renewed criticism of the system of justice.

City told to open women empowerment office

City told to open women empowerment office JAKARTA (JP): A central government team met with Governor Sutiyoso on Wednesday to ask that the City administration to open a bureau to deal with empowering women in the capital.

Citibank gets new manager

Citibank gets new manager JAKARTA (JP): Citibank Indonesia announced on Thursday the appointment of Michael Zink as its new country corporate officer and acting global corporate and investment bank business manager.

TNI, UNTAET vow to guard border

TNI, UNTAET vow to guard border ATAMBUA, East Nusa Tenggara (JP): The Indonesian Military (TNI) and the United Nations Transitional Authority in East Timor (UNTAET) pledged on Wednesday to work together to stop reported cross-border attacks by pro-Jakarta militias.

Religious organizations divided over bill on religious harmony

Religious organizations divided over bill on religious harmony JAKARTA (JP): Religious organizations are divided over the need for a bill on "religious harmony". Some fear it could be used as an instrument to inhibit the preaching of religion and conversing of peoples of other faiths.

Muslims observe holy Day of Sacrifice

Muslims observe holy Day of Sacrifice JAKARTA (JP): Most of the country's Muslims celebrated Idul Adha (the Islamic Day of Sacrifice) on Thursday, as calm returned to the restive territories of Aceh and Maluku.

Saving Kartini

Saving Kartini An Indonesian maid in the United Arab Emirates has been sentenced to death by stoning.Indonesia must save Kartini at all costs from this brutal legal murder and join forces with Amnesty International, the media and perhaps the world, and bring to light that by 2000, stoning a person...

Golfers to join St. Patrick Blues

Golfers to join St. Patrick Blues JAKARTA (JP): More than 120 national and international golfers will attend the St. Patrick Blues' golf tournament at the Imperial Golf Club at Lippo Karawaci, Tangerang, on Friday.

Local consumers confidence back at precrisis level: Survey

Local consumers confidence back at precrisis level: Survey JAKARTA (JP): Indonesian consumers are more optimistic about the future of the country's economy and their own income and quality of life today than in recent years, a survey conducted by Mastercard International has found.

Bogor detective removed from post

Bogor detective removed from post BOGOR (JP): Bogor Regional Police chief Col. Edi Darnadi has relieved Bogor City Police chief of detectives Capt. Umar Sumardi of his duties for his improper release of a suspect in a counterfeiting case.

ADB approves US$200m to aid RI deregulation

ADB approves US$200m to aid RI deregulation MANILA (AFP): The Asian Development Bank (ADB) said here Thursday that it has approved a US$200-million loan for a program to liberalize Indonesia's complex and over-protected industrial sector.

Forgotten hero

Forgotten hero Indonesia's aviation world has lost one of its early pioneers with the death of Petit Muharto on March 8, 2000. He was 81, and he had lived through the remaining years of Dutch rule, World War II, the struggle for independence and the nation-building years which brought Indonesia...

What RI crisis means to the region

What RI crisis means to the region The following article is based on a paper presented by Minister of Foreign Affairs Alwi Shihab when opening the Council for Security Cooperation in the Asia Pacific (CSCAP) conference on Indonesia on March 8.

Port operators cash in on privatization

Port operators cash in on privatization JAKARTA (JP): State-managed operators of the country's two busiest ports reported massive profits on Wednesday for 1999 following the successful partial privatization of their container terminal facilities last year.

Understanding the readers: 'Guardian' case

Understanding the readers: 'Guardian' case The following is a report from Sirikit Syah, director of media watchdog the Consumers Press Institute and The Jakarta Post contributor in Surabaya, who recently visited Britain to attend a media seminar.

Siamese twins to return home in a week: Doctors

Siamese twins to return home in a week: Doctors JAKARTA (JP): Six-month-old Siamese twin boys who have successfully undergone surgery for their separation are expected to leave Cipto Mangunkusumo General Hospital within a week, their doctors said.

Sigit denies role in alleged Balongan graft

Sigit denies role in alleged Balongan graft JAKARTA (JP): The oldest son of former president Soeharto denied on Wednesday involvement in alleged corruption in the Balongan oil refinery project.Sigit Harjojudanto said he took no active part during the project's negotiation period or when the...

AcuBid takes over JDI

AcuBid takes over JDI JAKARTA (JP): AcuBid.com.Inc of the United States has agreed to take 90 percent of the outstanding stocks of PT Jaring Data Interaktif to turn the Indonesian firm into one of the largest diversified Internet service providers in Asia.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Ceramics Exhibition: Pagerjurang, at Bentara Budaya Jakarta, Jl. Palmerah Selatan, Central Jakarta, March 17. * Painting Exhibition: Pameraya 2000 by H. Widayat at the National Gallery, Central Jakarta, until March 31.

Sondakh swore in amid protests

Sondakh swore in amid protests MANADO, North Sulawesi: A.J. Sondakh and Freddy Sualang were installed as North Sulawesi governor and deputy governor respectively on Wednesday, disregarding allegations of irregularities en route to their election.

Political side to Matori murder attempt: Police

Political side to Matori murder attempt: Police JAKARTA (JP): National Police chief Lt. Gen. Rusdihardjo said on Thursday that the attempted murder of National Awakening Party (PKB) chairman Matori Abdul Djalil on March 5 was not a random act of crime.

BI to issue new bank restructuring ruling

BI to issue new bank restructuring ruling JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Wednesday that the central bank was designing a new policy aimed at accelerating the restructuring process of the country's ailing banking sector.

Government slaps travel ban on Bob Hasan

Government slaps travel ban on Bob Hasan JAKARTA (JP): The government confirmed on Wednesday that business tycoon Mohamad "Bob" Hasan and his colleagues Kaharuddin Ongko and Irjanto Ongko were barred from leaving the country for their alleged involvement in banking fraud.

Poducers to withhold coffee to boost prices

Poducers to withhold coffee to boost prices SALVADOR, Brazil (AP): The world's two largest coffee producers plan to withhold about six million bags of their upcoming harvests in efforts to bolster frazzled coffee prices, a top Brazilian official said Wednesday.

BI downplays fears of fake banknotes

BI downplays fears of fake banknotes JAKARTA (JP): Bank Indonesia said on Wednesday the amount of fake rupiah banknotes in circulation during the past three years was relatively small compared to the total number of counterfeit bills seized by the police.

31 killed after bus pitches into a ravine in South Sumatra

31 killed after bus pitches into a ravine in South Sumatra PALEMBANG, South Sumatra (JP): At least 31 people were killed and five others seriously injured when their intercity bus plying the Bandarlampung-Bengkulu route plunged into a ravine in Lahat, South Sumatra, on Tuesday.

Our conscience

Our conscience Indonesia must count as one of the few nations in the world which can remain indifferent to the carnage that saw more than half a million of their own people killed 30 years ago. The regime of president Soeharto, through sinister social engineering, managed to brainwash almost the...

Drugs destroyed in Medan, Surabaya

Drugs destroyed in Medan, Surabaya SURABAYA: East Java Police and their North Sumatra colleagues destroyed on Wednesday thousands bottles of alcohol, marijuana and sedative pills confiscated during past raids.East Java Police chief Maj. Gen.

Taufik earns Norm National Master title

Taufik earns Norm National Master title JAKARTA (JP): Young Taufik Hilai gained the Norm National Master chess title by collecting five victory (VP) points in the eighth round of the Enerpac Fair Play championship at Bekasi on Wednesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 15, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 775 0 0 Adindo Foresta Indonesia 625 0 904,500 Alakasa Industrindo 450 0 0 Alfa Retailindo 1,000 -25...

A disappointing event

A disappointing event My friend and I went to Pondok Indah Mall on the afternoon of March 13 to meet Gil, a pop star from Germany.There were hundreds and hundreds of fans who did not even get see him. The event was a waste of time for nearly all the fans.

Hope for Marzuki Darusman

Hope for Marzuki DarusmanFrom Warta KotaWarta Kota showed a picture in its March 8 edition of Attorney General Marzuki Darusman sitting on the floor among students associated with the Student Action Front for Reform and Democracy (FAMRED) in one the rooms of his office.

Judge sentences man to 14 years

Judge sentences man to 14 years TANGERANG (JP): The Tangerang District Court sentenced Munawar, 32, on Tuesday to 14 years in jail for possessing 111.5 kilograms of marijuana.According to a panel of judges, Munawar was caught carrying the narcotics to a rented Mitsubishi Colt on Jl. Sudirman No.

President says Aceh security improving, GAM losing ground

President says Aceh security improving, GAM losing ground JAKARTA (JP): President Abdurrahman Wahid belied concerns over worsening security in Aceh, saying that the situation there was good and boasted that separatist rebels were loosing ground in their battle against the Indonesian Military (TNI).

President tells military officers to remain loyal

President tells military officers to remain loyal JAKARTA (JP): President Abdurrahman Wahid issued a blunt warning saying that discontent Indonesian Military (TNI) officers must remain loyal and obey his commands or face the axe.

Former banker named Telkom chief: Nasution

Former banker named Telkom chief: Nasution CIPANAS, West Java (JP): President of state-owned telecommunications monopoly PT Telkom, A.A. Nasution, said on Wednesday the government had made a decision to appoint former director of Bank Bukopin, M. Nazif, as his replacement.

Government depends on rain to douse forest fire: Sonny

Government depends on rain to douse forest fire: Sonny JAKARTA (JP): State Minister of Environment Sonny Keraf conceded on Wednesday that Indonesia had so far relied mainly on rain to help douse the raging fires in Sumatra and Kalimantan.

Police destroy Rp 20b of drugs, seize more ganja

Police destroy Rp 20b of drugs, seize more ganja JAKARTA (JP): The National Police burned on Wednesday 21 kgs of pure heroin, four kgs of cocaine, some 550 kgs of marijuana and 75 kgs of shabu-shabu (crystal methamphetamine).Chief Lt. Gen. Rusdihardjo said the drugs, worth some Rp 20 billion (US$2.

Fire razes 51 shacks, injures 4

Fire razes 51 shacks, injures 4 JAKARTA (JP): Fire razed more than 50 shanties and injured four people on Wednesday evening on Jl. Mangga Besar, Central Jakarta, local residents said on Thursday.Although there were no fatalities, the fire caused panic among the residents in the slum area.

West Java handicraft makers unite for fair price

West Java handicraft makers unite for fair priceBy Des Price JAKARTA (JP): In West Java, as well as in more remote parts of Indonesia, small handicrafts associations make mostly traditional items for international markets.

Plan to reopen 1965 coup case draws controversy

Plan to reopen 1965 coup case draws controversy JAKARTA (JP): President Abdurrahman Wahid's approval of attempts to reopen the case of the 1965 abortive coup and its bloody aftermath has caused some controversy.

Swimmers aim to make Asian top 10

Swimmers aim to make Asian top 10 JAKARTA (JP): The Indonesian synchronized swimming team is aiming to finish in the Asian top 10 in the Asian swimming championship in Pusan, South Korea, in late March, coach Dinda Rahmani said.Dinda named the team members as Lenny Puspita and Tyas Titisari.

Environmental report key to subway's future

Environmental report key to subway's futureBy Novan Iman Santosa JAKARTA (JP): The fate of the proposed mass rapid transit (MRT) project for the capital will be announced at the end of this year, with results of the environmental impact analysis to be a major deciding factor, an official said on...

Tribute to Tiffany taxi driver

Tribute to Tiffany taxi driver I guess you do not get many letters documenting honesty in taxi service. But it happens.Debarking from the Surabaya to Jakarta red-eye at 6 a.m. the other day, I hopped in a Tiffany from the train station to the Regent.

Goat traders left to count losses

Goat traders left to count losses JAKARTA (JP): Poor sales made Thursday's Idul Adha (the Islamic Day of Sacrifice) a black day for many of the capital's goat traders.Although some Muslims, particularly members of the Nahdlatul Ulama organization, are waiting for Friday to celebrate the Day of...