Indonesian Political, Business & Finance News

Archive: 12 April 2000

48 articles found

Newmont's closure could harm effort to woo investors

Newmont's closure could harm effort to woo investors JAKARTA (JP): The ruling by a local court in North Sulawesi ordering gold mining company PT Newmont Minahasa Raya to shut down its operations could undermine the government's efforts to attract foreign investors and might harm the government...

PDI Perjuangan opposes direct presidential election

PDI Perjuangan opposes direct presidential election JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan) said on Tuesday that it would fight any move to replace the indirect presidential election mechanism even though the system cost it the presidency last year.

Teachers get sympathy aplenty and little else

Teachers get sympathy aplenty and little else JAKARTA (JP): Leaders of the House of Representatives expressed sympathy for poorly paid teachers on Tuesday but fell short of endorsing their plan for a massive strike this week.

Thai gets 15 years for heroin possession

Thai gets 15 years for heroin possession TANGERANG (JP): Thai national Khancana Thiangthum, 29, could wept on Tuesday after a presiding judge sentenced her to 15 years in prison plus a fine of Rp 150 million (US$20,000) after finding her guilty of possession of heroin.

Gus Dur unyielding over communist ban

Gus Dur unyielding over communist ban CANCUN, Mexico (JP): President Abdurrahman Wahid rebuffed critics at home on Tuesday, insisting that his controversial proposal to lift a 34-year ban on communism would bring about a national reconciliation in Indonesia.

Toward a fair pricing system for fuel oil

Toward a fair pricing system for fuel oilBy Otto Soemarwoto This is the second of two articles on fuel pricing. BANDUNG (JP): The higher tax and parking fees, and the limitation of parking space would work as a disincentive for using cars in inefficient ways.

Muslim scholars claim Islam upholds democracy

Muslim scholars claim Islam upholds democracy JAKARTA (JP): Unlike the general perception that Islam is anti-West, Muslim scholars asserted on Tuesday that the religion was the pioneer of democracy and introduced the concept of a civil society.

Is it Papua or Irian Jaya?

Is it Papua or Irian Jaya? JAYAPURA, Irian Jaya: Although still not formally endorsed by the central government, people could refer to Irian Jaya by its new name Papua, an official said on Tuesday.A final decision had yet been taken by the central government, said Florens Imbiri, who heads the...

Mayor wants vendors to relocate soon

Mayor wants vendors to relocate soon JAKARTA (JP): Central Jakarta mayor Andi S. Abdullah urged the City owned market operator PD Pasar Jaya on Tuesday to be more active implementing the relocation program of street vendors operating in Senen district.

RI's foreign lenders to meet on debt terms

RI's foreign lenders to meet on debt terms PARIS (Bloomberg): Indonesian government officials will meet with the country's foreign creditors on Wednesday to ease terms for repaying billions of dollars in debt, a crucial step toward putting Indonesia's economy back on track.The U.S.

Irianese tribes want activists for Freeport audit

Irianese tribes want activists for Freeport audit JAKARTA (JP): Tribes from Irian Jaya have asked the government to include international environmental organizations in the team to assess the impact of Freeport Indonesia's gold mining operation on the environment in the province.

Changes transforming economy

Changes transforming economyBy Ken Gibson JAKARTA (JP): Indonesia has clearly caught the 'dot com flu' -- new startups are cropping up every day; U.S. dot coms have arrived in Jakarta; and a host of companies are busily trying to put an 'e-spin' on their Old Economy businesses.

Matori's attack remains mystery

Matori's attack remains mystery JAKARTA (JP): The city police have failed to uncover the motive or the mastermind behind the March 5 attempted murder of National Awakening Party Chairman Matori Abdul Djalil at his South Jakarta residence.

Police to be firm on armed protesters

Police to be firm on armed protesters JAKARTA (JP): Jakarta Police chief Maj. Gen. Nurfaizi said on Tuesday that police officers would take stern measures against people who brandish weapons during protests."Do not blame me if the police start to take strict action. We cannot tolerate it anymore.

Government: Public to be spared fee hike

Government: Public to be spared fee hike JAKARTA (JP): The city administration announced on Tuesday a plan to increase the fees of 19 business-related items beginning next Monday after a thorough examination of possible consequences.

Australians told to help East Timor with jobs

Australians told to help East Timor with jobs MELBOURNE (AFP): Australian businesses were urged on Tuesday to take a leading role in rebuilding the devastated East Timor, in particular through projects that employed East Timorese.

Oil firm donates schools to Pulau Seribu residents

Oil firm donates schools to Pulau Seribu residents KELAPA ISLAND, Pulau Seribu (JP): Argentinean-owned oil firm YPF-Maxus inaugurated on Tuesday its donation of two schools, a jetty and an access road to residents of Kelapa in the Jakarta Bay.

Proposal lauded to send ex-becak drivers abroad

Proposal lauded to send ex-becak drivers abroad JAKARTA (JP): Governor Sutiyoso welcomed on Tuesday a proposal, the first of its kind, to send some 300 former becak (pedicab) drivers, to work at plantations and furniture manufacturers in neighboring Malaysia.

Motorola, ITB hold tech contest

Motorola, ITB hold tech contest JAKARTA (JP): The U.S.-based mobile phone company, Motorola, in collaboration with the Electrical Engineering Student Association of the Institute of Technology Bandung will hold a nationwide competition to design applications using a microcontroller.

One shot dead for attacking officer

One shot dead for attacking officer FAKFAK, Irian Jaya: A resident of Kaimana, Fakfak regency, was shot dead by police on Tuesday morning after he reportedly attacked an officer.Yanto Revideso, who allegedly slashed an officer with a sharp weapon, was shot while hiding in a nearby forest, police...

Instrument teaching method

Instrument teaching method I was very pleased to read Gus Kairupan's article about Christiane Hutcap's master classes (The Jakarta Post, April 7, 2000). The article is very well-written and pleasant to read.

Aspac books semis berth to mark last performance

Aspac books semis berth to mark last performance JAKARTA (JP): Jakarta-based Aspac basketball club marked its exit from the women's league by cruising to the semifinal of the Megawati Soekarnoputri Cup women's basketball tournament at Senayan basketball hall here.

'Time' hearing postponed over lawyers' delay

'Time' hearing postponed over lawyers' delay JAKARTA (JP): Miscommunication forced judges at the Central Jakarta District Court to adjourn on Tuesday the hearing of a civil lawsuit filed by former president Soeharto against New York-based Time magazine.

IBRA insists ad hoc judges be used in bankruptcy cases

IBRA insists ad hoc judges be used in bankruptcy cases JAKARTA (JP): Legal affairs chief of the Indonesian Bank Restructuring Agency (IBRA) Agustus Sani Nugroho stressed on Tuesday that the agency still wanted independent ad hoc judges to examine its bankruptcy cases despite "resistance" from head...

N. Korea keen to join ASEAN security forum

N. Korea keen to join ASEAN security forum BANGKOK (AFP): North Korea's Foreign Minister Paek Nam-Sun told his Thai counterpart that the isolated state was "very keen" to join the ASEAN Regional Forum (ARF), Thailand said on Tuesday.

Truth commission urged to unveil 1965 bloodshed

Truth commission urged to unveil 1965 bloodshed JAKARTA (JP): An observer suggested on Tuesday the first task undertaken by the government's proposed truth and reconciliation commission be to unveil the truth behind the mass killings that followed the 1965 abortive coup blamed on the Indonesian...

Bus strike causes traffic jam

Bus strike causes traffic jam CILACAP, Central Java: Thousands of people were stranded when more than 250 local bus drivers stopped work to stage a protest demanding an increase in fares.The protesters marched to the local legislative council to press their demand, which resulted in congestion in...

A Latief told to negotiate with IBRA

A Latief told to negotiate with IBRA JAKARTA (JP): The Jakarta Commercial Court delayed on Tuesday proceedings in the bankruptcy suit filed against trading firm A Latief Corporation to allow the company the opportunity to reach an out of court settlement.

Rizal suspects collusion involving Bulog employees

Rizal suspects collusion involving Bulog employees JAKARTA (JP): State Logistics Agency (Bulog) chairman Rizal Ramli has ordered an investigation into how 9,300 tons of Chinese rice destined for East Nusa Tenggara found its way to Lampung.

DialMart to enter e-commerce era

DialMart to enter e-commerce era JAKARTA (JP): Grocery delivery service company DialMart, providing customers with a limited selection of items via telephone and facsimile, plans to connect their service to e- commerce business, an executive said on Monday.

Gudang Garam suspends operation after labor strike

Gudang Garam suspends operation after labor strike SURABAYA (JP): Giant publicly listed clove cigarette producer PT Gudang Garam in Kediri, some 125 kilometers southwest of here, suspended operations for five days starting on Tuesday following a huge labor strike for better conditions.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 11, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 800 0 0 Adindo Foresta Indonesia 525 0 856,500 Alakasa Industrindo 475 0 0 Alfa Retailindo 925 25...

Villagers say they were shortchanged

Villagers say they were shortchanged MAKASSAR, South Sulawesi: Some 200 residents of Mandai district marched to the local prosecutor's office on Tuesday demanding more compensation for their land acquired for the extension of Hasanuddin International Airport.

Tanri says no favoritism in picking Davis Cup players

Tanri says no favoritism in picking Davis Cup players JAKARTA (JP): Indonesian Tennis Association (Pelti) chairman Tanri Abeng said on Tuesday that there would be no favoritism in choosing the members of the Davis Cup team, who will play against Chinese Taipei in the final of Group Two Asia Oceania...

Indonesian people smugglers jailed

Indonesian people smugglers jailed PERTH, Australia (AFP): Fifteen Indonesian people smugglers were jailed on Tuesday for periods of up to five and a half years.The penalties were imposed in the District Court in Broome, a pearling port in the far north of Western Australia, by Judge Peter Blaxell.

TV today

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

Bring Soeharto to court pronto

Bring Soeharto to court prontoFrom Rakyat MerdekaI love Indonesia's first president, the late Sukarno (Bung Karno), and highly appreciate his merits in the fight for Indonesia's independence. I feel enduring sadness and disappointment over his fate following his downfall until his death.

Soerjadi arrested over 1996 case

Soerjadi arrested over 1996 case JAKARTA (JP): Former Indonesian Democratic Party (PDI) chairman Soerjadi was arrested by police on Tuesday following a marathon questioning over his alleged role in the riots sparked by a forcible takeover of the party's office in 1996.

UN special envoy to visit Myanmar

UN special envoy to visit Myanmar KUALA LUMPUR (AFP): The United Nations' newly appointed special envoy to Myanmar said on Tuesday he would visit the country next month and meet pro-democracy leader Aung San Suu Kyi.

Proving Soeharto's innocence

Proving Soeharto's innocence Recently, Juan Felix Tampubolon, one of Soeharto's lawyers, was shown almost every day on many television channels and stated that Soeharto was medically unfit to undergo questioning by prosecutors from the Attorney General's Office.

People turning to traditional medicines

People turning to traditional medicines JAKARTA (JP): Soaring drug prices have made many people turn to traditional medicines.The surge in demand for alternative medicines has tempted unscrupulous businesspeople to import unregistered and well-known brandnames illegally.

BNI still seen as poorly capitalized

BNI still seen as poorly capitalized NEW YORK (Dow Jones): Moody's affirmed Monday the ratings of PT Bank Negara Indonesia at Caa2 for long-term deposits and senior debt, Not Prime for short-term deposits and E for financial strength.

Pedicab drivers defend lawsuit

Pedicab drivers defend lawsuit JAKARTA (JP): Becak (pedicab) drivers have defended their decision not to name the City Council (DPRD) as one of the defendants in their class action against a citywide ban on becak.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on April 11, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,574.00 7,650.00Australian dollar 1 4,501.99 4,550.99Austrian schilling 1 529.23 535.10Belgian franc 1 180.53 182.53Brunei dollar 1 4,404.77 4,451.56Canadian dollar 1 5,178.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333): - Indigo Restaurant & Bar: Music You Can Talk To, live show at 7 p.m. to 10 p.m. * Hyatt Regency Surabaya, Jl. Jend.

TNI regrets UN rebuff on border accord

TNI regrets UN rebuff on border accord DILI, East Timor (JP): Udayana Military Commander Maj. Gen. Kiki Syahnakri expressed on Tuesday disappointment over the United Nations' refusal to accept Indonesia's proposal for a border agreement.

New tax rule for Batam opposed

New tax rule for Batam opposed BATAM, Riau (JP): A new government regulation imposing value- added taxes (VAT) and sales taxes on luxury goods on Batam and neighboring islands has drawn opposition from locals and entrepreneurs.

Rekayasa hopes to acquire foreign firm

Rekayasa hopes to acquire foreign firm JAKARTA (JP): State-owned engineering and construction company PT Rekayasa Industry is seeking to acquire a foreign engineering technology licenser firm prior to its privatization.