Indonesian Political, Business & Finance News

Archive: 15 April 2000

52 articles found

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Apr. 14, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,110.00 8,110.00 Australian dollar 1 4,241.12 4,840.05 Austrian schilling 1 492.06 561.50 Belgian franc 1 167.85 191.53 Brunei dollar 1 4,149.40 4,734.38 Canadian dollar 1 4,830.82 5,514.01 Swiss franc 1 4,301.79 4,909.20 Deutschemark 1 3,461.94 3,950.50 Danish krone 1 908.81 1,037.03 French franc 1 1,032.21 1,177.88 Poundsterling 1 11,268.64 12,861.65 Hong Kong dollar 1 912.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Sculpture Exhibition: Hanung Mahadi, at Galeri Lontar, Komunitas Utan Kayu, Jl. Utan Kayu 68 H, East Jakarta (Phone: 8573388), 10 a.m. to 5 p.m., until May 7. * 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.

U.S. to resume military assistance to Indonesia: Juwono

U.S. to resume military assistance to Indonesia: Juwono JAKARTA (JP): Minister of Defense Juwono Sudarsono has expressed his optimism that the United States will resume its military assistance to Indonesia. Speaking before Indonesian citizens in New York on Thursday, Juwono said his prior talks with Pentagon officials indicated that the U.S. government would review the embargo on Hercules aircraft components in the next two or three months. He said, however, the U.S.

Police seize Rp 29 billion in bogus rupiah in three years

Police seize Rp 29 billion in bogus rupiah in three years JAKARTA (JP): Police revealed on Thursday that from January 1997 through February of this year, they have seized counterfeit rupiah that amounted to Rp 29 billion (US$3.7 million) and called on the public not to hesitate to report to the police when they received fake bills. National Police spokesman Brig. Gen.

Humpuss gets back building

Humpuss gets back building JAKARTA (JP): The diversified Humpuss Group of companies is ready to reoccupy its sealed off twin-tower property after it secured a legal guarantee from the Jakarta State Administrative High Court (PTTUN), which was upholding a verdict from the lower administrative court. "The verdict, which decided the Central Jakarta Mayoralty's order to seal off the property was unlawful, was issued on Jan. 19. We, as well as the mayoralty, received the ruling on March 15.

Indosteel refocuses on electronics

Indosteel refocuses on electronics JAKARTA (JP): Publicly listed PT Indosteel of the Texmaco Group announced on Friday its plan to acquire affiliated company Texmaco Micro Indo Utama to refocus on the electronics industry. Announcing the plan at a public expose at the Jakarta Stock Exchange, Texmaco Group corporate secretary Tunaryo said the acquisition required Indosteel to issue right shares worth Rp 30 billion.

PT Securindo defends rights to do business

PT Securindo defends rights to do business JAKARTA (JP): Secure Parking service provider PT Securindo Packatama Indonesia (SPI) has stated that it had a legal permit to run its business at public facilities. "We have secured a permit to manage parking at offices, shopping centers and hotels," SPI's president director Rustam Rahmat told a hearing with City Council's Commission D on development affairs on Wednesday. He cited the permit No.

Indonesia to host Asian Physics Olympiad

Indonesia to host Asian Physics Olympiad JAKARTA (JP): Indonesia will host the first Asian Physics Olympiad as it attempts to increase students' interest in the subject, an official said on Friday. Director General of Elementary and Secondary Education Indra Djati Sidi said the event would serve as a forum to promote physics among students. Physicists have expressed concern about the widening gap in the ratio of physicists compared to the country's population.

Four questioned after anti-Soeharto protest

Four questioned after anti-Soeharto protest JAKARTA (JP): Jakarta Police chief Maj. Gen. Nurfaizi said on Friday that police investigators were questioning four people in connection with a violent student protest in Central Jakarta on Thursday. "They are being questioned at city police headquarters," he announced after addressing the inauguration of the Matraman Police Substation in Central Jakarta.

Foreign ships rule North Sumatra

Foreign ships rule North Sumatra MEDAN, North Sumatra: Local fishermen have complained that foreign fishing vessels are operating in North Sumatra. Representing the local fishermen, Nurdin Harahap, who is the chairman of North Sumatra chapter of the Indonesian Fishermen's Association (HNSI), said the foreigners often clashed with local fishermen.

More rainfalls in several areas

More rainfalls in several areas JAKARTA (JP): The city's northern and central parts will have more sporadic rainfall compared to other areas during the ongoing transitional period before the start of the dry season, an official said on Thursday. Waan Tarmin, a staff member at the public information department of the Meteorology and Geophysics Agency (BMG), said other areas would mostly have drizzling rains only.

Lacking in consistency

Lacking in consistency When the government submitted its draft state budget for the current fiscal year, among the things mentioned were salaries for civil servants and military personnel would be raised. To augment state revenues, government subsidies for fuel and electricity would be cut, which means their prices would increase. However, when the government tried to implement these decisions, it was met with protests, demonstrations and even strikes.

Debt deal gives momentum to recovery

Debt deal gives momentum to recovery JAKARTA (JP): The government must take advantage of the positive "momentum" resulting from the rescheduling of US$5.8 billion in sovereign debts to speed up the country's economic recovery, according to experts. University of Gadjahmada economist Sri Adiningsih said on Friday that the debt rescheduling deal should create a snowball effect in expediting the economic recovery.

Polemic on MPRS decree revocation

Polemic on MPRS decree revocation From Media Indonesia The polemic on the revocation of decree No.XXV/1966 of the Provisional People's Consultative Assembly (MPRS) has recently taken a swift turn upward after President Abdurrahman Wahid (Gus Dur) repeatedly said that the revocation of the decree was important.

Expansion at Bali airport

Expansion at Bali airport JAKARTA (JP): The expansion of facilities at Ngurah Rai International Airport in Denpasar, Bali, is expected to be completed in June. Project head Widjaya Lagha said the work was funded by the Japanese Overseas Economic Cooperation Fund, which provided Rp 105 billion (US$14 million).

Major Asian stock markets end week lower

Major Asian stock markets end week lower HONG KONG (AP): Most Asian stocks markets ended the week lower Friday, dragged down by steep declines overnight on Wall Street. South Korea shares closed sharply lower, with the key index slumping more than 4 percent as the tumble on Wall Street caused foreign and local institutional investors to sell heavily, analysts said.

Bali teachers stage silent protest

Bali teachers stage silent protest DENPASAR, Bali (JP): Hundreds of teachers and members of the Bali chapter of Indonesian Teachers Union (PGRI) staged a street demonstration here on Friday urging the government to take concrete steps in improving the welfare of the nation's teachers. Unlike the noisy protests by teachers in other cities over the past week, the demonstration in Denpasar was one of silence.

GM Polgar to visit Jakarta

GM Polgar to visit Jakarta JAKARTA (JP): Grand Master (GM) Judith Polgar of Hungary will arrive at Soekarno-Hatta International Airport in Jakarta on Monday evening for a three-day visit. She is scheduled to meet State Minister of Youth Affairs and Sports Mahadi Sinambela on Tuesday before flying to Bali to compete in the US$56,500 JAPFA Classic International chess tournament 2000 at Sanur, Bali, tournament spokesman Kristianus Liem said.

Qantas to fly East Timor

Qantas to fly East Timor CANBERRA, Australia (AP): Qantas Airways Ltd. will offer regular flights between Australia and East Timor from next month, Australia's largest carrier announced Friday. The airline will conduct a daily round trip flight four days a week between the northern Australian city of Darwin and East Timor's capital of Dili from May 2, Qantas said. The carrier said it will increase the service to two daily flights, four days a week from July 31.

Dave Koz to perform in five cities in Indonesia

Dave Koz to perform in five cities in Indonesia JAKARTA (JP): Contemporary jazz star Dave Koz will perform in five cities in Indonesia for the next week following his performance on Friday in Bogor, the shows' organizer A Mild Live Production said. The American saxophonist is scheduled to perform in Yogyakarta on Sunday, Bandung (West Java) on Monday, Surabaya (East Java) on Wednesday) and Semarang (Central Java) on April 24.

Soeharto's children to be questioned

Soeharto's children to be questioned JAKARTA (JP): The Attorney General's Office has issued summonses to two of former president Soeharto's children for questioning in a bid to speed up investigation of his alleged corruption during 32 years of rule. The lawyer representing Soeharto's family, Juan Felix Tampubolon, told The Jakarta Post on Friday he received the summonses for Soeharto's eldest daughter Siti Hardijanti Rukmana and second son Bambang Trihatmodjo earlier in the evening.

Trial of Agus Isrok in civilian court sought

Trial of Agus Isrok in civilian court sought JAKARTA (JP): Lawyers of drug defendant Army Second Lt. Agus Isrok demanded the Jakarta Military Court on Friday drop the indictment against their client and that the trial be heard at a civilian instead of military court. "The defendant is accused of committing a crime, along with accomplice Donny Hendrian, who is a civilian.

Exporters get break on Batam tax policy

Exporters get break on Batam tax policy JAKARTA (JP): Minister of Trade and Industry Yusuf Kalla made clear on Friday that the introduction of value-added tax (VAT) and sales tax on luxury goods on Batam island would not affect export-oriented companies. "The imposition of value-added tax and the luxury tax will not affect export-oriented businesses," he told a news conference.

Ministerial decree on Korpri functionaries under fire

Ministerial decree on Korpri functionaries under fire JAKARTA (JP): The new ministerial decree awarding structural ranks to functionaries of the Civil Servants Corps has sparked fierce criticism from major factions at the House of Representatives. House Deputy Speaker Soetardjo Soerjoguritno asked the government on Friday to revoke the decree issued by State Minister of Administrative Reforms Freddy Numberi because it lacked any legal basis. "Korpri cannot be treated as a state agency.

PBB seeks to impeach Gus Dur over communism issue

PBB seeks to impeach Gus Dur over communism issue JAKARTA (JP): The House faction of the Muslim Crescent and Star Party (PBB) called on the People's Consultative Assembly (MPR) on Friday to hold an emergency session to demand the accountability and possible impeachment of President Abdurrahman Wahid, popularly known as Gus Dur. Faction chairman Achmad Sumargono told reporters that the President violated his oath of office and the 1945 Constitution by seeking to lift the ban against communism.

Women's paper launched amid hopes, skepticism

Women's paper launched amid hopes, skepticism JAKARTA (JP): High hopes and skepticism greeted the introduction of a special women's newspaper called Koran Perempuan, the first of its kind here. Launched on Thursday in a discussion on the role of the media in empowering women, participants hoped the daily would voice the perspectives of women in its reports, while executives assured it would not "exploit women".

Postcrisis a turning point in history

Postcrisis a turning point in history By Mehru Jaffer JAKARTA (JP): East Asian nations are bound to return to the main stage when global history is determined by the interaction of not just western powers, but all Asians as well. This was an observation made by Australian writer Greg Sheridan, author of Asian Values, Western Dreams and foreign affairs editor of The Australian.

Japan asked to lift warning

Japan asked to lift warning YOGYAKARTA (JP): Visiting Japanese travel agents have called on their government to lift its warning on travel to Yogyakarta. T. Narita, the president of International Developers Inc., which represents about 30 Japanese tourism agencies, said on Wednesday the travel warning should be lifted because unlike other areas of the country, the situation in the city was safe.

Corruption watchdog queries credit fund

Corruption watchdog queries credit fund TANGERANG (JP): The Tangerang Government Watch (TGW) has urged the local authorities to reevaluate the credit distribution system to farmers after 836 farmers did not receive funds. The non-governmental organization's chairman, Tony Wismantoro, said on Thursday funds were believed to have been misused by local entrepreneurs with close relationships to officials in charge of the credit distribution.

'Laskar Jihad' to leave training camp on Sunday

'Laskar Jihad' to leave training camp on Sunday BOGOR (JP): Laskar Jihad (Jihad Force) members surrendered their weapons on Friday and vowed to vacate their military-style training camp at the Munjul village of Kayumanis in Tanah Sareal District here on Sunday. A total of 487 sharp weapons, including sickles and machetes, were handed over to the police at about 5 a.m. on Friday, following an overnight agreement between Bogor Regional Police chief Col.

CLS takes Cup with easy victory

CLS takes Cup with easy victory JAKARTA (JP): Cahaya Lestari Surabaya (CLS) proved itself a champion in winning the Megawati Soekarnoputri Cup at Senayan basketball hall here on Friday, thrashing Merah Putih (MP) Medco 70-44. The team hopes the result is a foretaste of success in this year's national women's basketball league (Kobatama), which is scheduled to begin after June. CLS has won the league title for four consecutive years since 1996.

Government withdraws Damura permit, says minister

Government withdraws Damura permit, says minister JAKARTA (JP): The government gave a thumbs down on the fund raising scheme called Damura (the People's Fund for Sports) and decided to withdraw the permit -- issued by ex-ministry of social services on Sept. 15, 1999. State Minister for Social Affairs and chairman of the National Social Welfare Agency (BKSN) Anak Agung Gde Agung told a press conference on Friday that the decision was made after considering complaints from citizens.

Rupiah unchanged despite Paris Club agreement

Rupiah unchanged despite Paris Club agreement SINGAPORE (Dow Jones): The South Korean won tumbled under the weight of a stock market sell-off Friday, while the Singapore dollar spiked up on reports of intervention by local monetary authorities. The Indonesian rupiah remained in relatively good shape but almost unchanged one day after the government reached an agreement with the Paris Club group of creditor nations to reschedule $5.8 billion worth of sovereign debt.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Apr. 14, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 800 0 0 Adindo Foresta Indonesia 525 0 982,000 Alakasa Industrindo 575 -50 78,000 Alfa Retailindo 850 -25 485,000 Alter Abadi 325 0 0 Alumindo Light Metal 1,125 -25 43,000 Aneka Kimia Raya 325 25 2,000 Aneka Tambang (Persero) 1,125 0 570,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Sutiyoso to announce new bus fares next week

Sutiyoso to announce new bus fares next week JAKARTA (JP): Governor Sutiyoso said on Friday he would announce the new bus fares as soon as he received the official recommendation letter from the City Council, which is expected sometime early next week. The governor said that as of Friday afternoon his office had not received the recommendation letter from the council, which on Thursday approved a hike in city bus fares.

Airforce: RI needs more radars

Airforce: RI needs more radars YOGYAKARTA: The Indonesian Airforce reactivated its radar system located in the west coast village of Congot, some 45 kilometers west of Yogyakarta, in a ceremony led by its chief Air Marshal Hanafie Asnan on Friday. The Congot radar system was built in 1962 but has been inactive since 1972 due to a shortage of spare parts. "After being unused since 1972, the radar station has now been reactivated.

Indecent ad from Bentoel

Indecent ad from Bentoel From Republika I feel strongly disturbed by the Bentoel Mild cigarette advertisement on television. A naked man opens the door of his hotel room to answer a call from a waitress bringing his order of food. He is only covered in bath foam from his waist down to his thighs. This advertisement, aired on private television stations, is, in my opinion, improper. The presentation of a scene that reflects amoral behavior should be stopped.

NGOs reveal 'secret' report on PT Newmont

NGOs reveal 'secret' report on PT Newmont JAKARTA (JP): Non-governmental organizations criticized the Supreme Court on Friday for ordering a delay of execution of the local district court's decision to shut down a gold mine in North Sulawesi, saying the decision would be harmful to the environment. They also revealed an official June 1999 report yet to be made public on environmental damages involving the mining company PT Newmont Minahasa Raya.

The Havana summit

The Havana summit The most intriguing question for me, and I am sure many other people as well, is what went on in President Abdurrahman Wahid's (Gus Dur's) mind when he heard Cuban (communist) leader Fidel Castro, as the media reported, lash out at the International Monetary Fund (IMF), as being the main culprit of poverty and backwardness among people of developing nations.

Intraco expects bullish market

Intraco expects bullish market JAKARTA (JP): PT Intraco Penta, the publicly listed heavy equipment and spare parts distributor, expects a bullish market this year due to growing activity in the country's mining and forestry sectors. Finance director Petrus Halim said on Friday that sales were projected to increase by nearly 140 percent to Rp 616.2 billion (about US$82 million) this year from Rp 258.8 billion last year due to a surge in orders from forestry and mining companies.

Discrimination and mixed marriage

Discrimination and mixed marriage By Martin R Jenkins JAKARTA (JP): Living as a foreigner in any country has its pros and cons, but as far as discrimination toward foreigners goes, Indonesia sadly takes the biscuit. Talk to any male expatriate who has started a family here with an Indonesian wife and he will tell you about the blatant discrimination that expatriate men, their Indonesian spouses and children have to face.

City Council under pressure to remove Governor Sutiyoso

City Council under pressure to remove Governor Sutiyoso JAKARTA (JP): Pressure mounted on City Council Friday to remove Governor Sutiyoso from his post due to his alleged involvement in the July 27, 1996 forced takeover of the Indonesian Democratic Party (PDI) headquarters.

Lombok waits for tourists to return

Lombok waits for tourists to return By Grace Segran MATARAM, West Nusa Tenggara (JP): The people of Lombok still speak of the tragic events as though they took place yesterday. What happened on Jan 17 to Jan. 19, 2000, they say, was a terrible mistake which will forever be etched in their memories as three days of disbelief and shame. One cannot help but notice the lonely streets and empty beaches, sadly devoid of tourists.

The history of 'gambar-gambar idoep'

The history of 'gambar-gambar idoep' By Ida Indawati Khouw The history of gambar-gambar idoep (the old spelling for motion picture) in Jakarta started almost five years after the euphoria in Europe. This 34th serial article on buildings, cultures and lifestyles of Jakarta from times past is made in coincidence with the 55th anniversary of the Indonesian Union of Cinema Owners (GPBSI) on April 10.

Aceh rights abuse trial postponed, says local judge

Aceh rights abuse trial postponed, says local judge BANDA ACEH, Aceh (JP): The unprecedented joint military- civilian tribunal of the Bantaqiah murder case has been tentatively postponed for two days, a senior judge at the district court said on Friday. "The trial will begin at the soonest on Wednesday," said Tabyuni, the deputy chief of Banda Aceh Court.

Students expelled for gambling

Students expelled for gambling CIREBON, West Java: Five students of a state Islamic senior high school have been expelled after they were caught gambling, the school principal, Sudirno, said on Friday. "The expulsion was discussed with the teachers council and the parents of the students. The parents accepted the decision," said Sudirno of MAN high school in Cigugur, Kuningan.

Asian crude prices lower on weak demand

Asian crude prices lower on weak demand SINGAPORE (Bloomberg) Asian crude prices were lower on Friday because of weak demand for remaining May-loading Minas cargoes, traders said. In the spot market, Indonesian Minas crude was 40 cents lower at $23.95 a barrel, or 85 cents a barrel more than its Indonesian Crude Price. June Brent crude oil futures on the Singapore International Monetary Exchange settled 17 cents lower at $22.95 a barrel.

Qantas, BA support RI tourism

Qantas, BA support RI tourism JAKARTA (JP): Australian carrier Qantas Airways and British Airways will support an international tourism event, the Jakarta Highland Gathering, scheduled for May 28 at Lippo Karawaci in Jakarta. General manager for Qantas and British Airways in Indonesia John Campbell said the involvements were part of the airlines' commitment to supporting Indonesian tourism. He said the two airlines previously supported the same events in 1996 and 1997.

Police need a watchdog

Police need a watchdog JAKARTA (JP): The central government must seriously consider establishing a Police Commission to help supervise and control the discipline of police, including their acts towards suspected criminals, a criminologist suggested on Wednesday. Criminologist Adrianus Meliala of the University of Indonesia told a seminar that the proposed commission would comprise government officials, members of the House of Representatives and National Police officers.

BP Amoco-Arco to become Asia's top gas producer

BP Amoco-Arco to become Asia's top gas producer SINGAPORE (Bloomberg): BP Amoco Plc's purchase of Atlantic Richfield Co. will make the merged company Asia's No. 1 non-state natural gas producer, giving it access to the world's fastest growing natural gas markets in China and Japan. London-based BP Amoco, the world's third largest publicly traded oil company, said U.S. antitrust authorities yesterday approved its US$33 billion buyout of Atlantic Richfield, known as Arco.

Reprieve from Paris

Reprieve from Paris The approval by the Paris Club of 19 sovereign creditors on Thursday for rescheduling a portion of Indonesia's almost $70 billion foreign debts was strongly predicted. But it came as a great surprise that the amount of US$5.8 billion to be rescheduled was more than twice the $2.2 billion Indonesia said earlier it had proposed.

IPTN to lay off 2,500 workers

IPTN to lay off 2,500 workers BANDUNG (JP): Consistent with streamlining its workforce due to financial problems, the state-owned aircraft manufacturer PT IPTN plans to retire early at least 2,500 employees within 10 months, a company manager says. The company's human resources development and administration manager, Jusman SD, told journalists here on Friday that the company still employed 10,294 people.