Indonesian Political, Business & Finance News

Archive: 19 April 2000

48 articles found

Where to go in Surabaya:

Where to go in Surabaya: Performance * Traditional Dance: Rangkaian Melati, at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333), 7:30 p.m., April 28. 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.

Pertamina to cut kerosene supply to stop smuggling

Pertamina to cut kerosene supply to stop smuggling JAKARTA (JP): State oil and gas company PT Pertamina said on Tuesday it would cut its kerosene supply to Jakarta and West Java and verify the demand for diesel in both areas to prevent fuel smuggling. Director of supply and domestic trade for Pertamina Harry Poernomo said the company would reduce its kerosene supply to both areas to 12,500 kiloliters per day from 14,300 kiloliters.

Cocoa prices seen down

Cocoa prices seen down LONDON (Dow Jones): Cocoa crop year 1999-00 promises to spawn record production, keeping prices at depressed levels, said the Economist Intelligence Unit in its quarterly report on Tuesday. Ivory Coast and Indonesia are expecting their biggest crops ever and Ghana its largest for 17 years, leading to a surplus of 106,000 tons by September, twice as much as previously forecast, the EIU said.

Yoris arrested in connection to July 27 case

Yoris arrested in connection to July 27 case JAKARTA (JP): The National Police arrested on Tuesday Yoris Raweyai for his alleged role in the violence which followed the forcible takeover of the Indonesian Democratic Party (PDI) office on July 27, 1996. "Yoris, the vice chairman of Pemuda Pancasila youth organization, was arrested as of 6 p.m. on Tuesday, after police questioned him beginning at 10:30 a.m.

Wisma Soewarna greets investors upon arrival

Wisma Soewarna greets investors upon arrival JAKARTA (JP): In an effort to attract foreign investors, Minister of Communications Agum Gumelar inaugurated on Tuesday Wisma Soewarna, a first-class integrated commercial estate at Soekarno-Hatta International Airport.

PBSI revises shuttler selection system

PBSI revises shuttler selection system JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has given in to its shuttlers' offer and has approved a revision in the promotion and expulsion selection system. PBSI training director Christian Hadinata told reporters on Tuesday that the body agreed to revise and reschedule the selection after an hour discussion with the second string shuttlers early in the morning.

Court asked to suspend Roche drug distribution

Court asked to suspend Roche drug distribution JAKARTA (JP): Drug distributor company PT Perusahaan Dagang Tempo has requested that the South Jakarta District Court order a temporary stop to the distribution of some products of drug company PT Roche Indonesia while a hearing of a dispute between both parties was in progress.

Cigarette companies need to come clean on ills of smoking

Cigarette companies need to come clean on ills of smoking By Michael Kibaara Muchiri YOGYAKARTA (JP): Someone at the Ministry of Health is taking home a paycheck he should not get. Some people at the main private television channels are drawing money that they have not earned. Just sample the succession of images: A hotel attendant is delivering an order from a customer. She presses the doorbell.

Nikko, BII sign agreement

Nikko, BII sign agreement JAKARTA (JP): PT Nikko Securities Indonesia signed an agreement on Tuesday with publicly listed Bank Internasional Indonesia (BII) to allow its retail clients to purchase equity stocks using the bank's debit cards. "Clients of Nikko Securities will have their equity stocks account at BII," said Adler Manurung, director of Nikko Securities. Besides giving services of stock brokering, Nikko Securities also manages mutual funds that are worth Rp 570 billion in total.

Bus crews protest frequent attacks

Bus crews protest frequent attacks BANDUNG: About 300 people working on buses operating along the northern coastal road of West Java rallied at the provincial council building on Jl. Diponegoro on Monday to protest frequent violence against them during their trips. The group demanded that the police protect them because mobs had burned at least four buses in the past two months. "Police must protect us from those angry mobs," Ahmad, a driver, said.

A nation of smugglers

A nation of smugglers The revelation by Kompas daily last week that cheap Indonesian kerosene has been smuggled out of the country in large quantities exposed a major flaw in the government's fuel subsidy system. A subsidy by definition always creates market distortions, and when the discrepancy between local and international prices becomes so large, it encourages smuggling.

Total Indonesie, Indonesia's largest gas producer

Total Indonesie, Indonesia's largest gas producer Total Indonesie is the largest gas producer in Indonesia after the production start up of the Peciko field. With certified gas reserves of 6.2 TCF, equivalent to 1.2 billion barrels of oil, Peciko ranks among the top gas fields discovered worldwide in the past 10 years. Initial production started at 400 mmscfd and quickly increased to 800 mmscfd of gas with about 16,000 b/d of condensate.

La Paene, Ballo to go to Cuba for training

La Paene, Ballo to go to Cuba for training JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) will send two boxers who have qualified for the Olympic Games to Cuba early next month. Pertina deputy secretary-general Didiet Soedijoto said on Tuesday the boxers, light flyweight La Paene Masara and flyweight Hermensen Ballo, would be accompanied by Indonesian coach Frans Bebe and Cuban coach Carlos Penate Torres.

Soeharto's daughter undergoes questioning for five hours

Soeharto's daughter undergoes questioning for five hours JAKARTA (JP): Siti "Tutut" Hardiyanti Rukmana, the eldest daughter of former president Soeharto, was questioned for five hours at the Attorney General's Office on Tuesday in connection with one of her father's charitable foundations.

Travoo's online services

Travoo's online services JAKARTA (JP): PT Travoo Online, a new Internet-based travel company, launched on Tuesday its online ticketing, travel-related products and information services. Speaking during a media conference, company president director Ferri W. Limputra said Travoo provided flight reservations for almost all major airlines serving Indonesia.

NZ okays SIA acquisition

NZ okays SIA acquisition SINGAPORE (DPA): Singapore Airlines (SIA) has received the go- ahead to buy up to 25 per cent of Air New Zealand in a boost to the carrier's hopes of securing a foothold in both the New Zealand and Australian markets, SIA said on Tuesday.

Central Bank to tighten liquidity to help ailing rupiah

Central Bank to tighten liquidity to help ailing rupiah JAKARTA (JP): Bank Indonesia will continue to tighten domestic liquidity conditions in a bid to help stabilize the weakening rupiah, according to central bank deputy director of economic and monetary research Halim Alamsyah. Halim said that the central bank aimed at bringing down the size of base money to below April's Rp 86 trillion target by the end of this week. "We'll try to control the monetary condition more carefully ...

State Secretariat to reduce its staff

State Secretariat to reduce its staff JAKARTA (JP): The State Secretariat will dismiss 25 of its 28 top officials as part of the government's plan to revamp the state agency, acting State Secretary Bondan Gunawan said on Tuesday. Speaking to journalists at Bina Graha presidential office, Bondan said details of the move would be announced later this month. "Of the current 28 positions we will only maintain three of them," said Bondan.

Poso crippled as unrest continues despite deployment of more troops

Poso crippled as unrest continues despite deployment of more troops PALU, Central Sulawesi (JP): Sectarian riots continued sporadically in the Central Sulawesi town of Poso on Tuesday despite the heavy presence of security personnel. Antara reported that smoke was seen billowing from buildings across the paralyzed town. Markets and shops were closed as fearful residents stayed indoors. Some 700 people whose homes were burned down in the unrest have been evacuated.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on April 18, 2000: Bank notes rates Buying Selling Rp Rp U.S.

Study finds little has changed in politics

Study finds little has changed in politics JAKARTA (JP): A study conducted by the Institute for Policy and Community Development Studies (IPCOS) found no significant political changes had occurred in the country despite the democratic election in June 1999. The study found the same sporadic connection between political parties and the electorate today which was seen during the New Order era.

IBRA won't delay BCA IPO amid dull market

IBRA won't delay BCA IPO amid dull market JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) won't delay its overseas road show plan for the initial public offering (IPO) of Bank Central Asia (BCA) despite the sluggish conditions in international stock markets, according to agency deputy chairman Jerry Ng. Jerry expressed optimism that the market would remain enthusiastic for the BCA IPO. "We'll be consistent with our plans...

'Time' did not libel Soeharto: Witnesses

'Time' did not libel Soeharto: Witnesses JAKARTA (JP): Two witnesses testified before the Central Jakarta District Court on Tuesday that a May 24, 1999 cover story of New York-based Time magazine did not defame the good name of former president Soeharto. Senior journalist Goenawan Mohammad and communication law expert Andi Abdul Muis said the magazine's cover story was written within universally accepted standards of journalism.

Ambon refugees need relief aid

Ambon refugees need relief aid AMBON, Maluku: More than 8,100 refugees in Maluku capital have yet to receive the third package of relief aid the provincial government should have distributed last month, Antara reported on Tuesday. Vonce Parinussa, chief of social affairs at the provincial administration, said the refugees accommodated in public buildings in the city had no alternative but to depend wholly on the aid relief package.

'Ojek' drivers stage protest

'Ojek' drivers stage protest BATAM, Riau: Almost all stores in the business areas of Nagoya and Sei Jodoh, Batam, were closed on Tuesday due to a huge demonstration by thousands of ojek (motorcycle taxi) drivers, who objected to the government's tax policy on the industrial bonded zone.

BI to ask S&P over downgraded rating

BI to ask S&P over downgraded rating WASHINGTON (Dow Jones): Bank Indonesia Governor Sjahril Sabirin said Monday that he will ask Standard & Poor's to explain why certain of the country's foreign-currency credit ratings were downgraded earlier to selective default. "We will have to ask Standard & Poor's what is really behind this," he told Dow Jones Newswires in an interview. Then "we can pass good information to them so that we hope they can revise this tomorrow," he added.

One arrested over murder

One arrested over murder JAKARTA (JP): Bogor Police arrested on Saturday one of two men allegedly connected with a vicious murder of a peddler whose body was found late last month in the fields of the Gobang area in the Cidokom village of Rumpin. Bogor Police chief Col. Ade Husen Kartadipura identified the arrested suspect on Tuesday as Ujang Winata, 34, and the suspect still at large as Naca, 33.

China urges U.S. to end weapon sales to Taiwan

China urges U.S. to end weapon sales to Taiwan BEIJING (Agencies): China urged the United States on Tuesday to end all weapon sales to Taiwan, a day after Washington delayed a decision on whether to supply the island with AEGIS naval destroyers. "The Chinese government urges the U.S. government to abide by the norms of the three Sino-US joint communiques.

Four dead, eight injured in a massive train collision

Four dead, eight injured in a massive train collision KARAWANG, West Java (JP): Four people were killed and at least eight others, including a baby girl, injured in a three-train collision on a busy section of track in Karawang early on Tuesday, officials said. Services to and from Jakarta were disrupted throughout Tuesday. The accident occurred when two freight trains collided in Klari district, on the capital's outskirts.

Medan gets new mayor

Medan gets new mayor MEDAN, North Sumatra: Abdillah was installed as the city's mayor on Tuesday despite the fact that he has been declared a suspect in a bribery case. North Sumatra Governor T. Riza Nurdin swore in Abdillah, who replaced Bachtiar Djafar, on behalf of the minister of home affairs. A large number of police officers were stationed outside the local legislative council building in anticipation of a demonstration. Streets leading to the legislative council building, including Jl.

Bimasena offers new dining choice for food lovers

Bimasena offers new dining choice for food lovers By Grace Segran JAKARTA (JP): Dining Room -- Jakarta's newest dining choice -- opened its door to customers for the first time last Friday. Located on the second floor of Bimasena and open only for dinner from 7:00 to 11:00, the restaurant is open to the public but it hopes to attract in particular tenants of the nearby Dharmawangsa apartments and members of the Mines and Energy Society, in whose club premises it is housed.

Teachers' protest turns ugly

Teachers' protest turns ugly JAKARTA (JP): Thousands of West Java teachers descended on the capital on Tuesday holding a boisterous demonstration despite tentative agreement by the government to raise their allowances by 200 percent. Wearing batik uniforms, some 10,000 teachers arrived in hundreds of buses during the early morning. Their primary destination was the House of Representatives building where their numbers completely blanketed the compound.

Regional autonomy needs transition period: Researchers

Regional autonomy needs transition period: Researchers JAKARTA (JP): Regional autonomy, scheduled to become effective May 2001, urgently needs a transition period given the vulnerability to continued communal conflict, researchers said on Tuesday. Laode Ida, chairman of the Center for Regional Development Studies (PSPK), revealed the results of the center's study of conflict-ridden regions such as Maluku, West Kalimantan, Aceh, and Irian Jaya.

Bayer plans to delist from SSX

Bayer plans to delist from SSX JAKARTA (JP): PT Bayer Indonesia will pull out from the Surabaya Stock Exchange (SSX) due to what the pharmaceutical company called a lack of liquidity in the East Java capital's bourse. The company said the plan to delist from the SSX received approval at its annual shareholders meeting on Tuesday. The lack of trading liquidity in the Surabaya market and relatively high administrative costs were cited as reasons for the delisting.

New parking system in Jakarta

New parking system in Jakarta A large amount of criticism has been voiced against the policy of the Jakarta administration, especially the Parking Management. They continue to implement the old parking system with an increase in parking rates, effective March 23, 2000. Motorists now pay Rp 1,000 instead of Rp 500 for parking, while motorcyclists spend Rp 500 instead of Rp 300.

Two sought for stealing taxi

Two sought for stealing taxi JAKARTA (JP): South Jakarta Police detectives are searching for two men in connection with Monday night's theft of a taxi on Jl. Poncol Raya in Cirendeu, Ciputat. South Jakarta Police chief of robberies and thefts unit First. Lt. Budhi Herdi identified the driver as Iwan, 33, who drove a maroon Gaspermindo Taxi, which is part of the Kosti Jaya group.

U.S. sailors punished

U.S. sailors punished MANILA (AP): The U.S. military has punished three American sailors accused of beating a Filipino taxi driver last month while their ship was making a goodwill visit to the Philippines, officials said on Tuesday. The case was seen as the first test of American compliance with a new bilateral accord, the Visiting Forces Agreement, which states that U.S. troops who commit crimes while off duty in the Philippines are subject to Philippine law.

Remote-sensing specialists in Indonesia seek equal treatment

Remote-sensing specialists in Indonesia seek equal treatment JAKARTA (JP): A standard for qualification of professional remote-sensing specialists will soon be forwarded to the government by the Indonesian Geomatics Council to ensure fair treatment between Indonesian and foreign professionals.

Aceh gears up for joint military-civilian tribunal

Aceh gears up for joint military-civilian tribunal BANDA ACEH, Aceh (JP): On the eve of the joint military- civilian tribunal of the Bantaqiah murder case here, Minister of Human Rights Affairs Hasballah M. Saad called on all parties to refrain from seeking revenge. "I really hope the trial will be fair and transparent so nobody gets hurt.

PKB urges Amien Rais to resign as MPR speaker

PKB urges Amien Rais to resign as MPR speaker JAKARTA (JP): Political supporters of President Abdurrahman Wahid have retaliated against Amien Rais' stinging criticism of the President, warning that they would move to replace the People's Consultative Assembly speaker.

Dynamite blast shocks villagers

Dynamite blast shocks villagers TANGERANG (JP): A stick of dynamite, the size of a battery, exploded on Monday evening in the backyard of a resident's home in Dongkal village, Cipondoh Indah subdistrict, without causing any fatalities, a police officer said. "The explosion took place on the lawn of the home of Muhali at 8 p.m. and could be heard one kilometer away. It shattered windows and cracked walls," Cipondoh Police chief of detectives First Lt. Zulkifli told reporters.

Moonlighting pharmacists

Moonlighting pharmacists According to an article published in The Jakarta Post on April 17, 2000, under the title Moonlighting pharmacists neglect public's rights, a survey conducted by University of Indonesia students revealed that in only 5 percent of drugstores surveyed were pharmacists available to serve customers. In the other 95 percent, the pharmacists were not available because they are civil servants or members of the military or the police.

JSX probes 29 firms for wrongdoing

JSX probes 29 firms for wrongdoing JAKARTA (JP): Twenty-nine companies listed on the Jakarta Stock Exchange have been investigated for price manipulation and insider trading during the period from October last year to February this year. The Jakarta Stock Exchange's monthly report said the investigation into 11 of the companies was closed after no proof was found they were involved in wrongdoing.

Laksamana says no sign his job is at risk

Laksamana says no sign his job is at risk JAKARTA (JP): State Minister of Investment and State Enterprises Development Laksamana Sukardi said on Tuesday President Abdurrahman Wahid gave no indication to him his job might be on the line. "I met with Gus Dur (the President's nickname) several times over the past few weeks but he never indicated that I would shortly be replaced," Laksamana said in reply to rumor he would be fired.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Apr. 18, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 750 0 2,000 Adindo Foresta Indonesia 475 0 173,000 Alakasa Industrindo 650 100 4,000 Alfa Retailindo 825 0 1,182,000 Alter Abadi 275 -50 10,000 Alumindo Light Metal 1,075 0 20,000 Aneka Kimia Raya 300 -25 41,500 Aneka Tambang (Persero) 1,050 -25 634,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Hospital staffers to be questioned

Hospital staffers to be questioned JAKARTA (JP): The South Jakarta Police will question four staff members at the Cipto Mangunkusumo General Hospital morgue regarding a severed hand which was stolen and sent to a woman in Setiabudhi subdistrict on Monday last week, an official said on Tuesday. South Jakarta Police chief of detectives Maj. Rycko Amelza Daniel said the four were Mardiono, the head of the morgue, and staff members Suminto, Subekti and Syaifulloh.

Most asian currencies up late as S&P downgrade hurts rupiah

Most asian currencies up late as S&P downgrade hurts rupiah SINGAPORE (Dow Jones): Asian currencies were mostly higher late Tuesday, buoyed by a rebound in most regional bourses after a hammering a day earlier. A recovery on Wall Street Monday after record points losses in major indexes Friday helped lift regional stocks and currencies with the exception of Jakarta equities and the rupiah, which both sank after Standard & Poor's Corp. downgraded Indonesia's credit rating.

NU ulemas support civilian control over military

NU ulemas support civilian control over military MALANG, East Java (JP): A two-day dialog between Nahdlatul Ulama (NU) Muslim organization and top military officers and intellectuals concluded on Tuesday with united calls to uphold civilian supremacy. "The military's involvement in the bureaucracy must be put to an end," the organization's deputy chairman Masdar F. Mas'udi said reading a statement.