Indonesian Political, Business & Finance News

Archive: 14 April 2000

50 articles found

Cambodia, U.S. upbeat after Havana talks

Cambodia, U.S. upbeat after Havana talks PHNOM PENH (AP): Cambodia and the United Nations appear closer to a deal to jointly try Khmer Rouge leaders for genocide following a meeting between UN Secretary-General Kofi Annan and Prime Minister Hun Sen, Cambodian and U.S. officials said on Thursday.

Danamon to extend Rp 2 trillion for lending

Danamon to extend Rp 2 trillion for lending JAKARTA (JP): Publicly listed Bank Danamon plans to extend some Rp 2 trillion (US$2.68 billion) in new credit during the remainder of the year in a bid to return the bank into the black, according to credit director Mahendra Wardhana.

Ryamizard dissolves Bakorstanasda Jaya

Ryamizard dissolves Bakorstanasda Jaya JAKARTA (JP): Jakarta Military Commander Maj. Gen. Ryamizard Ryacudu on Thursday dissolved the Jakarta chapter of the much feared Agency for the Coordination of Support for the Development of National Stability (Bakorstanasda Jaya).

Soehandoyo holds new post

Soehandoyo holds new post BANDUNG: Former spokesman for the Attorney General's Office Soehandoyo was installed on Wednesday as the head of the Rangkasbitung Prosecutor's Office.Speaking after a ceremony presided over by West Java Prosecutor's Office chief Haprileny, Soehandoyo said he did not feel...

IBF asks Indonesia to include Mia on Olympic team

IBF asks Indonesia to include Mia on Olympic team JAKARTA (JP): Former Indonesian badminton star Mia Audina has always been a newsworthy figure among local badminton fans, not least after she left for the Netherlands last year to reside with her Dutch-Surinamese husband.

Aceh congress postponed by troop deployment

Aceh congress postponed by troop deployment BANDA ACEH, Aceh (JP): A major congress to forge peace in Aceh scheduled to start next week has been delayed indefinitely following the massive deployment of security forces in recent weeks.

Tin shortage likely in two years as output falls

Tin shortage likely in two years as output falls HONG KONG (Bloomberg): The world is heading towards a shortage of tin in two to three years as output declines in Brazil and Indonesia, leaving China to fill the gap, industry officials said.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on April 13, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,100.00 8,100.00Australian dollar 1 4,255.74 4,859.19Austrian schilling 1 493.64 563.75Belgian franc 1 168.38 192.30Brunei dollar 1 4,127.91 4,712.04Canadian dollar 1 4,852.

Gudang Garam resumes operation early

Gudang Garam resumes operation early SURABAYA (JP): The biggest clove cigarette company, PT Gudang Garam, resumed operation on Thursday in Kediri, three days earlier than expected following pressure from the local administration.

Attotney general puts Soeharto under city arrest

Attotney general puts Soeharto under city arrest JAKARTA (JP): The Attorney General's Office stepped up its corruption investigation against Soeharto on Thursday, putting him under city arrest only one day after banning the former president from leaving the country.

Ometraco in process of liquidation, lawyer says

Ometraco in process of liquidation, lawyer says JAKARTA (JP): PT Ometraco Corporation told the Jakarta Commercial Court on Thursday to turn down a bankruptcy petition filed by the Indonesian Bank Restructuring Agency (IBRA) as the company was already in the process of liquidation.

National library plans show of VOC drawings

National library plans show of VOC drawings JAKARTA (JP): The National Library, in cooperation with Rijksmuseum of Amsterdam, is planning to exhibit what experts call an invaluable collection of 18th century topographical drawings of Jakarta and Java.

Gaikindo plans first expo in 4 years

Gaikindo plans first expo in 4 years JAKARTA (JP): In a sign of growing confidence in the market, the Association of Indonesian Automotive Industries (Gaikindo) will hold its first car exposition since 1996 in September.The 10th Gaikindo Automobile Exposition from Sept. 6 to Sept.

New electricity rates irrational: Steelmakers

New electricity rates irrational: Steelmakers JAKARTA (JP): The federation of steel-related producers said on Thursday most of its 97 active members could be forced to close down their plants if state-owned electricity company PLN maintained its new higher electricity rates.

Denying past deeds

Denying past deeds Referring to the letter from Aboeprijadi Santoso in The Jakarta Post of April 10, 2000, I would like to comment as follows: Since he made a comparison between Indonesia's occupation of East Timor and the the occupation of Indonesia by the Dutch during the period from 1945 to...

Pestaraga to foster young bodybuilders

Pestaraga to foster young bodybuilders JAKARTA (JP): Pestaraga, the 2000 annual national body building championships is expected to foster young talent for future development of the sport.National bodybuilder Ade Rai told a press conference on Thursday that the championships -- jointly sponsored by...

Bouraq opens new route

Bouraq opens new route SEMARANG (JP): Private airline operator Bouraq Airlines has opened a direct flight from Semarang to Pontianak to benefit from the surge in the number of air passengers from the provincial capital of West Kalimantan.

No date set for Djoko S. Tjandra's new hearing

No date set for Djoko S. Tjandra's new hearing JAKARTA (JP): The South Jakarta District Court has yet to set a date for a new hearing of a corruption case involving Djoko S. Tjandra in the high-profile Bank Bali scandal because the newly appointed judge assigned to preside over the trial is ill.

Health centers fare poorly

Health centers fare poorly YOGYAKARTA: The Indonesian Consumer Foundation (YLKI) said on Wednesday most community health centers here provided poor service and had limited medical facilities.YLKI official Ari Wibowo said a recent two-month study showed that most of the health centers only had six...

MAS told to cut fares

MAS told to cut fares KUALA LUMPUR (AFP): The government has ordered Malaysia Airlines (MAS) to cut fares between the peninsula and the eastern states of Sabah and Sarawak, parliament was told Thursday.

Straw puppets on show at Japanese Cultural Center

Straw puppets on show at Japanese Cultural Center JAKARTA (JP): Javanese traditional art enthusiasts will have a chance to see a rare show of wayang suket by dalang (puppetmaster) Slamet Gundono at the Japanese Cultural Center on Friday starting at 7 p.m.

'Laskar Jihad' agrees to leave, surrender weapons

'Laskar Jihad' agrees to leave, surrender weapons BOGOR (JP): Some 3,000 volunteers of the Laskar Jihad (Jihad Force) agreed on Thursday to surrender their weapons and vacate their military-style training camp at the Munjul village of Kayumanis in Tanah Sareal District here.

No set standard for quality of life

No set standard for quality of lifeBy Inge Komardjaja and Harald Leisch BANDUNG (JP): The second international conference on Quality of Life in Cities, held in Singapore from March 8 to 10, intensively discussed the socioeconomic and physical aspects that constitute the quality of life of citizens.

Retired Army generals face questioning over 1996 case

Retired Army generals face questioning over 1996 case JAKARTA (JP): The National Police announced plans on Thursday to summon three retired Army generals for questioning in connection with the violence that followed the forcible takeover of the Indonesian Democratic Party (PDI) office in 1996.

Controversial decree on Kopri functionaries to be revised

Controversial decree on Kopri functionaries to be revised JAKARTA (JP): Institute of State Personnel Administration (BAKN) chief Sofian Effendi said the government would revise the controversial ministerial decree awarding structural ranks to functionaries in the Civil Servants Corps (Korpri).

Supreme Court orders delay in Newmont mine closure

Supreme Court orders delay in Newmont mine closure JAKARTA (JP): The Supreme Court has ordered the Tondano District Court in Minahasa, North Sulawesi, to delay the execution of its order shutting down PT Newmont Minahasa Raya's gold mine.

DRD acquires Indonesian mine

DRD acquires Indonesian mine JOHANNESBURG (AFP): South African gold producer Durban Roodepoort Deep Ltd (DRD) has acquired 69 percent of Dome Resources NL (Dome) in Indonesia and has extended its offer period, it announced on Thursday.Dome is listed on the Australian stock market.

Leave cars at home on Earth Day: Official

Leave cars at home on Earth Day: Official JAKARTA (JP): In search of some fresh air, owners of private cars and motorcycles across the country are requested to leave their vehicles at home for 12 hours on April 23.The gesture to refrain from driving private vehicles from 6 a.m. to 6 p.m.

More piracies in RI waters

More piracies in RI waters KUALA LUMPUR (AFP): Indonesian waters remain dangerous for ships, accounting for more than 30 percent of piracy attacks worldwide during the first three months of this year, the International Maritime Bureau (IMB) said on Thursday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 13, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 800 0 0 Adindo Foresta Indonesia 525 0 322,500 Alakasa Industrindo 625 150 24,500 Alfa Retailindo 875...

BI mulls temporary measures to speed economic recovery

BI mulls temporary measures to speed economic recovery JAKARTA (JP): Bank Indonesia deputy governor Subarjo Joyosumarto said on Thursday that the central bank was considering to launch temporary measures to help accelerate the country's economic recovery.

Police probe rebel training

Police probe rebel training JAYAPURA, Irian Jaya: Irian Jaya Police chief Brig. Gen. S.Y. Wenas said here on Thursday the police were investigating reports that an armed rebel group was conducting military training in Fakfak regency.

Undermining mining contracts

Undermining mining contracts Major investment in natural-resource development in Indonesia would grind to a complete halt if other local administrations treated foreign companies the same way Newmont Mining Corp. has been treated in North Sulawesi.

Appeal to the Jakarta Police

Appeal to the Jakarta PoliceFrom RepublikaThe media reported on April 10, 2000 the death of two women who had jumped from a PPD-52 city bus while a hold-up was taking place on board the bus.One week earlier, my younger sister was also the target of a hold-up.

Newspapers told to go online to stay ahead of competition

Newspapers told to go online to stay ahead of competition JAKARTA (JP): Newspapers in Indonesia must go online to survive the increased competition resulting from the Internet, leading newspaper publisher Jacob Oetama of Kompas daily said on Thursday.

Four arrested over fake money

Four arrested over fake money JAKARTA (JP): North Jakarta Police detectives arrested four men for allegedly trying to sell undercover detectives packages they claimed contained Rp 800 million (US$106,700) in counterfeit Rp 50,000 bills, on Jl. RE Martadinata on Tuesday night.

Council agrees to increase in public transportation fares

Council agrees to increase in public transportation fares JAKARTA (JP): The city council approved on Thursday the proposal for a hike in public bus fares, but declined to settle on the amount of the increase.

Australia faces East Timor challenge to oil rights

Australia faces East Timor challenge to oil rights SYDNEY (AFP): Australia may have to concede most of the potentially massive oil and gas reserves in the Timor Sea to an independent East Timor, legal and oil industry officials said Thursday.

Chiyoda-Mitsubishi wins LNG plant design contract

Chiyoda-Mitsubishi wins LNG plant design contract JAKARTA (JP): State oil and gas company Pertamina and its American contractor Atlantic Richfield Company (ARCO) awarded the contract to make the blueprint for the Tangguh liquefied natural gas (LNG) in Irian Jaya to Japanese consortium Chiyoda-...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Tilo Kaiser, at Duta Fine Arts Foundation, Jl. Kemang Utara 55A, South Jakarta (Phone: 7990226), Tuesday to Saturday at 10 a.m. to 7 p.m., Sunday, Monday at 11 a.m. to 4 p.m., until April 20.

PSMS ties 1-1 with Persijatim

PSMS ties 1-1 with Persijatim MEDAN, North Sumatra (JP): PSMS Medan tied 1-1 with Persijatim East Java in the Bank Mandiri national soccer league at the Teladan stadium here on Wednesday.Persijatim striker Abdul Manan scored for his team in the 10th minute while PSMS Chilean stroker Jaime Rojas...

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Variety Show 9:00 Music 10:00 Interval 2:00 p.m. News 2:30 Film 3:00 Documentary 4:00 News 4:30 TV Series 5:30 TVRI News (in English) 6:00 Music 6:30 News 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 World News 9:35 Music 10:30...

Jealous cop's wife shoots husband

Jealous cop's wife shoots husband BOGOR (JP): In an apparent fit of jealousy, a 32-year-old policeman's wife, Siti Jubaedah, shot her husband, Sgt. Maj. Slamet Tunjang Suryanto, at the couple's house in Kedung Halang, North Bogor, in the small hours of Wednesday.

To be rich and to be poor

To be rich and to be poor I once lamented the poor souls carving out a living from begging at traffic lights, but was stopped in the track by a partner of mine making a rejoinder that if the then Liem Sioe Liong (one of the richest men in the world, and from Indonesia) were to see us, he would...

Asia behind U.S. in e-commerce

Asia behind U.S. in e-commerce HONG KONG (Dow Jones): In light of the recent plunge in technology stocks, Goldman Sachs analyst Rajeev Gupta highlighted some of the challenges facing Asia's Internet companies.

Gus Dur claims new attempts to topple government

Gus Dur claims new attempts to topple government HAVANA, Cuba (JP): President Abdurrahman Wahid renewed his allegations on Wednesday (Thursday in Jakarta) that several parties have been waging a campaign to topple his government in the run up to the People's Consultative Assembly session in August.

RP leader returns to grassroots

RP leader returns to grassrootsBy Martin Abbugao MANILA (AFP): On a recent visit to Manila's most famous slum district, President Joseph Estrada ordered presidential guards to push aside iron sawhorses that separated him from a horde of adoring fans.

Two sisters murdered in East Jakarta

Two sisters murdered in East Jakarta JAKARTA (JP): Pulogadung Police detectives are pursuing a construction worker, who allegedly murdered two aging sisters and wounded the husband of one of the two at their residence in the Jati subdistrict of East Jakarta early Thursday morning.

Paris Club reschedules Indonesia's debts

Paris Club reschedules Indonesia's debts PARIS (Agencies): The Paris Club of 19 government creditors agreed on Thursday to reschedule US$5.8 billion in Indonesia's debts due to mature between April, 2000 and March 2002.

KONI gets Rp 1.5b from state enterprises

KONI gets Rp 1.5b from state enterprises JAKARTA (JP): The National Sports Council (KONI) received another Rp 1.5 billion (US$200,000) cash from state enterprises to cover its expenses for the Olympic Games.