Indonesian Political, Business & Finance News

Archive: 4 March 2000

53 articles found

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Mar. 3, 2000: Bank notes rates Buying Selling Rp RpU.S. dollar 1 7,413.00 7,487.00Australian dollar 1 4,516.74 4,565.57Austrian schilling 1 519.49 524.89Belgian franc 1 177.20 179.05Brunei dollar 1 4,308.38 4,353.92Canadian dollar 1 5,083.

Bank Bali to decide rights issue plan this month

Bank Bali to decide rights issue plan this month JAKARTA (JP): Publicly listed Bank Bali expects to hold an extraordinary meeting later this month to approve its rights issue plan.The Indonesian Bank Restructuring Agency (IBRA) said on Thursday that the agency was still waiting for approval from...

Dengue outbreak kills five

Dengue outbreak kills five JEPARA, Central Java: At least five children have died from dengue fever here in February, while 15 others were hospitalized and reportedly in critical condition.The regency's health agency chief, Gunawan W, revealed on Friday that dengue fever has affected 20 villages in...

Asian monies mostly lower, peso up on tighter policy

Asian monies mostly lower, peso up on tighter policy HONG KONG (Dow Jones): Most Asian currencies ended regional dealing hours Friday lower against the U.S. dollar following a nearly featureless trading session.

Bonit and Sulistyo cruise to Futures doubles semis

Bonit and Sulistyo cruise to Futures doubles semis JAKARTA (JP): Indonesia's veteran pair of Bonit Wiryawan and Sulistyo Wibowo made their way to the semifinals of the US$15,000 Indonesia Futures-2 at the Kemayoran Tennis Center in Central Jakarta on Friday.

How to manage or mismanage state companies

How to manage or mismanage state companies Some say politicians would be able to practice what they preach if they controlled state firms, while others raise warnings of worse inefficiencies. The Jakarta Post talked to political economist Revrisond Baswir of the Gadjah Mada University in...

Love a splendored, spiteful thing at films

Love a splendored, spiteful thing at films JAKARTA (JP): A story of a mother who knows best and a daughter who knows better, and a forbidden love in films currently playing at local cinemas might amuse moviegoers this weekend.

Govt should enact regional autonomy

Govt should enact regional autonomy JAKARTA (JP): The Association of the West Kalimantan Community in Jakarta (IKKB) warned the government to fully prepare for the implementation of regional autonomy otherwise it would only worsen the economic disparity in resource-rich provinces.

Local shipowners oppose Hutchison's takeover plans

Local shipowners oppose Hutchison's takeover plans JAKARTA (JP): The Indonesian Shipowners Association (INSA) has strongly opposed plans by Hongkong's Hutchison Port Holdings to purchase a 48 percent interest in PT Humpuss Terminal Petikemas (HTP), an operator of a container terminal at Jakarta's...

No reprieve for finance ministry in illegal demolition lawsuit

No reprieve for finance ministry in illegal demolition lawsuit JAKARTA (JP): A senior city official overruled on Monday a proposal that the city administration not prosecute the finance ministry for its failure to prevent damages to the former Supreme Court building.

Peace reigns in old Dutch cemeteries

Peace reigns in old Dutch cemeteriesBy Ida Indawati Khouw Jakartans bored with conventional recreational spots such as Ancol Dreamland in North Jakarta and Taman Mini Indonesia Indah in East Jakarta may want to consider Dutch cemeteries as an alternative.

Freeport told to donate 20% of shares for locals

Freeport told to donate 20% of shares for locals JAKARTA (JP): Outgoing Irian Jaya Governor Rear Adm. Freddy Numberi petitioned mining-giant PT Freeport Indonesia on Friday to donate 20 percent of its shares and profits to the regional administration in Irian Jaya to support the community where the...

Lack of transportation a bane for Jakarta Fairground

Lack of transportation a bane for Jakarta Fairground JAKARTA (JP): The frequent exhibitions and sociocultural events at the Jakarta Fairground in Kemayoran, Central Jakarta, have led to call for the city administration to consider establishing bus routes to and from the area.

PBSI hopes to serve up two titles in All England

PBSI hopes to serve up two titles in All England JAKARTA (JP): The Badminton Association of Indonesia (PBSI) is holding out hope for its shuttlers to take the men's singles and doubles at the All England championships in Birmingham, England, next week.

UGM to decide on alleged plagiarism

UGM to decide on alleged plagiarism YOGYAKARTA (JP): A Gadjah Mada University (UGM) team is to inquire into an alleged case of plagiarism involving a doctorate student, Ipong S. Azhar, and will complete its investigations on March 25.

Golf training at Imperial Golf Club

Golf training at Imperial Golf Club JAKARTA (JP): If you are still green at playing golf, you can join the Saturday Clinic at 10 a.m. or 11 a.m. at the 18-hole Imperial Golf Club at Lippo Karawaci, Tangerang.The clinic offers golf training after a buffet lunch at La Terrazza in the clubhouse.

TV today

TV todayTVRI 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 Students' Quiz 5:30 Sports 6:00 Music 6:30 News (in English) 7:00 Evening News 7:30 Quiz 8:00 TV Drama...

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on March 03, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 750 0 0 Adindo Foresta Indonesia 625 0 1,419,500 Alakasa Industrindo 425 0 0 Alfa...

Experts say three-in-one should stay on the roads

Experts say three-in-one should stay on the roads JAKARTA (JP): The city administration should cancel its plan to revoke the three-in-one traffic restriction zone policy as it would only create new problems for the city, experts said on Friday.

Immigration office helps Australia keep out illegals

Immigration office helps Australia keep out illegals JAKARTA (JP): The Immigration Directorate General announced on Thursday that the office had so far prevented 291 foreigners from illegally entering Australia and had deported 114 of them.

Aceh massacre trial delayed again

Aceh massacre trial delayed again BANDA ACEH, Aceh (JP): State Minister of Human Rights Affairs Hasballah M. Saad confirmed here on Friday that the trial of a massacre in West Aceh allegedly committed by soldiers has again been postponed another month.

Snags in consumer protection law

Snags in consumer protection lawBy Destivano Wibowo JAKARTA (JP): The passing of Law No. 8/1999 on Consumer Protection, which will become effective on April 20, indicates the government's earnestness in protecting the rights of consumers to obtain and consume quality goods and/or services.

Adaro picks 'Mincom' software

Adaro picks 'Mincom' software JAKARTA (JP): Coal mining company PT Adaro Indonesia has chosen Mincom's software, Minescape 4, for its mine planning system in its coal mine in South Kalimantan."We believe that Mincom's Minescape will allow us to effectively address all the technical complexities and...

Movement leader dies from wound

Movement leader dies from wound NABIRE, Irian Jaya (JP): An alleged mob leader identified as Willem Manimwarba died on Friday, a day after being shot in a drive-by.Phil Karel Erary, an advisor to the province's State Minister for Human Rights Office, told The Jakarta Post that Willem died while...

Shenny needs to reach best 5 in Asian C'ships

Shenny needs to reach best 5 in Asian C'ships JAKARTA (JP): Indonesian women's diver Shenny Ratna Amelia is expected to reach the best five at the Asian Swimming Championships in Pusan, South Korea, late March as a warm-up for the Olympic Games in September.

Manulife expects 20% growth

Manulife expects 20% growth JAKARTA (JP): A subsidiary of a Canadian-listed life insurance company, PT Asuransi Jiwa Manulife Indonesia, expects a growth in new policy holders of between 20 percent and 30 percent over the next five years.

IBRA hands over Rp 4.7 trillion in cash to govt

IBRA hands over Rp 4.7 trillion in cash to govt JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has transferred in cash to the government Rp 4.7 trillion out of about Rp 10.5 trillion raised by the agency since April last year.

1,000 students quit school

1,000 students quit school SEMARANG: At least 1,000 students have dropped out of universities in the past couple of years mostly due to economic crisis, students affairs director of the ministry of education Sudarmaji said on Friday."Most of them are unable to pay the tuition fees.

Can we put an end to plagiarism in Indonesia

Can we put an end to plagiarism in IndonesiaBy Setiono JAKARTA (JP): A serious intellectual crisis seems to have struck the academic world here, centered on the fact that plagiarism is now perceived as a common practice.

Government urged to delay Consumer Protection Law

Government urged to delay Consumer Protection Law JAKARTA (JP): Business associations urged the government on Friday to delay the implementation of the Consumer Protection Law, saying that most industries were not yet well prepared enough for it.

Raids catch 12 for unlicensed gun possession

Raids catch 12 for unlicensed gun possession JAKARTA (JP): South Jakarta police have arrested 12 men suspected of possessing guns and bullets without legal permits, during raids over the last five days, the chief said on Friday.Col.

Police puzzled by reward offer in painting theft

Police puzzled by reward offer in painting theft JAKARTA (JP): The Cilandak Police in South Jakarta have decided to review their investigation into a robbery at a residence on Jl. Anggur following the appearance of a Rp 100 million reward advertisement for a painting stolen in a New Year's Eve...

Govt denies rumors of Cabinet reshuffle

Govt denies rumors of Cabinet reshuffle JAKARTA (JP): The government denied on Friday there was about to be a Cabinet reshuffle amid strong speculation that Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie was about to tender his resignation.

BNI opens retail center

BNI opens retail center JAKARTA (JP): State Bank Negara Indonesia (BNI) has officially launched a retail business service center located at the bank's Jakarta Kota branch."We want to be a universal bank with retail business as part of our focus in our credit portfolio," the bank said in a statement.

Manila unfazed by marine issue

Manila unfazed by marine issue KUALA LUMPUR (Agencies): The Philippines is not unduly concerned about its security in the South China Sea as the United States has pledged to protect it in the event of an attack, Foreign Secretary Domingo Siazon said on Friday.

Military to check illegal gun sales to GAM: Graito

Military to check illegal gun sales to GAM: Graito SURABAYA (JP): Indonesian Military (TNI) spokesman Rear Marshal Graito Usodo said on Friday that the military would recheck the Jakarta Police's discovery of illegal gun sales to the Free Aceh Movement (GAM) allegedly involving TNI personnel.

ASEAN told to abondon non-interference policy

ASEAN told to abondon non-interference policy SINGAPORE (AFP): Southeast Asian nations should change their policy of non-interference in other member countries where internal political problems have regional implications, former Philippine president Fidel Ramos suggested on Friday.

'Amend discriminative Article 6'

'Amend discriminative Article 6' JAKARTA (JP): A group of Chinese Indonesians have urged the People's Consultative Assembly (MPR) to amend Article 6 of the 1945 Constitution on presidential nominations, which they claimed was discriminative.

Timber firms halt work due to conflicts with locals

Timber firms halt work due to conflicts with locals JAKARTA (JP): At least 50 timber companies have stopped their logging activities due to security uncertainty and growing conflicts with local communities, according to the Association of Indonesian Forest Concessionaires (APHI).

600 E. Timorese murdered in 1999

600 E. Timorese murdered in 1999 DILI, East Timor (AFP): More than 600 people were murdered in East Timor last year, UN officials said here on Friday.A total of 627 victims, killed between January and October last year, were the only cases known to the UN civilian police, said Rafik Hodzic of the...

Armed gang robs basic supplies

Armed gang robs basic supplies JAMBI, Jambi: A group of six armed men robbed a truck loaded with basic necessities and Rp 3.6 million (US$486) in cash in quiet Mudo village here on Thursday, police said.Quoting witnesses, Tanjung Jabung Barat Police chief Lt. Col.

Criteria for chief justice

Criteria for chief justice I fully agree with Faisal Baasir's criticism of the United Development Party (PPP) concerning President Abdurrahman "Gus Dur" Wahid's supporters, who always try to justify his ideas, including his wish to appoint Benyamin Mangkoedilaga as the new chief justice to replace...

RI forex reserves rise

RI forex reserves rise JAKARTA (JP): The country's net foreign exchange reserves rose by US$54.2 million to $16.9 billion in the week ending Feb. 29.Bank Indonesia said in its latest weekly report that the increase was mainly due to revenue from oil exports.

Sutiyoso proposes 11.11% decrease in new budget

Sutiyoso proposes 11.11% decrease in new budget JAKARTA (JP): Governor Sutiyoso submitted to the City Council on Friday a draft city budget for the 2000 fiscal year worth Rp 3.295 trillion (US$438.6 million), an 11.11 percent decrease on the current budget of Rp 3.69 billion.

Cemex to become majority shareholder in Semen Gresik

Cemex to become majority shareholder in Semen Gresik JAKARTA (JP): The government tentatively agreed to a proposal by Mexico's Cemex SA de CV to increase its stake to become the majority shareholder in state-owned cementmaker PT Semen Gresik.

Lippo Life responds

Lippo Life responds First of all, we would like to thank Mr. Mark William Riddett for placing his trust in us through taking part in our program insurance.We have read and studied the contents of his letter published under the title Lippo Life service in the Feb. 29 issue of The Jakarta Post.

Singapore locates hot spots in Riau

Singapore locates hot spots in Riau SINGAPORE (Agencies): The Singapore Environmental Ministry has sent satellite pictures of "hot spots" - forest fires on the Indonesian island of Sumatra - to authorities in Jakarta in hopes of warding off another environmental debacle, officials said on Friday.

Handheld PC lost at hotel

Handheld PC lost at hotel I work for an American company. On Tuesday, Feb. 29, my colleague and I were sitting in front of the Bogor restaurant at Borobudur Hotel from 4:30 p.m. to 6 p.m. Afterward, I headed to the parking lot at the back of the hotel and stopped at the toilet for a minute.

U.S. wants trial over E. Timor mayhem

U.S. wants trial over E. Timor mayhem JAKARTA (JP): The United States warned on Friday that military cooperation between Washington and Jakarta would only be restored if those responsible for atrocities in East Timor last year were brought to justice.

Workers strike enters third day

Workers strike enters third day BOGOR (JP): Some 5,000 factory workers from three different companies in Cileungsi here continued on Friday with wage-related strikes and protests for the third consecutive day.

Govt unaware of antipregnancy pill

Govt unaware of antipregnancy pill JAKARTA (JP): The government is unaware of the existence of pills which can effectively prevent pregnancy if they are taken within 72 hours after unprotected intercourse.

Suspects arrested for gang rape

Suspects arrested for gang rape JAKARTA (JP): South Jakarta Police detectives have arrested two casual public minivan drivers suspected of raping a mute and nearly deaf girl, Chief Warrant Officer Purwani said on Friday.

Slovakian scholars nabbed in Palawan

Slovakian scholars nabbed in Palawan PUERTO PRINCESA, Philippines (AFP): Four Slovakian scientists were arrested here on Friday for attempting to smuggle out rare insects from the western Philippine province of Palawan, environment officials said.