Indonesian Political, Business & Finance News

Archive: 26 April 2000

54 articles found

Navy foils fuel smuggling attempts over past months

Navy foils fuel smuggling attempts over past months MAKASSAR, South Sulawesi (JP): The Indonesian Navy has caught three tanker ships attempting to export fuel illegally over the past three months, officials said. Commander of the Navy's Eastern Fleet Commodore Ari Haryono said here on Monday that the first two large tanker ships weighing a total of 2,000 tons each were apprehended in waters off riot-torn Tual in Maluku in January.

ASSA rejects WB proposal program

ASSA rejects WB proposal program JIMBARAN, Bali (JP): The ASEAN Social Security Association (ASSA) has turned down a Word Bank (WB) proposal to allow private fund managers to handle workers' pension funds and other social security programs.

Foreigners arrested over psychotropic substances

Foreigners arrested over psychotropic substances JAKARTA (JP): Customs officers at Soekarno-Hatta International Airport have arrested two foreigners for attempting to smuggle 157,640 pills and 3,008 vials of medicine containing psychotropic substances into the country. Head of the airport's customs and excise office Jody Koesmendro told reporters on Tuesday that the arrests were made on Sunday.

Should RI celebrate copyright day?

Should RI celebrate copyright day? By A. Ariobimo Nusantara JAKARTA (JP): Intellectual property right piracy has so far not subsided. The Feb. 22, 1999 edition of Publisher's Weekly reported the 1998 global piracy value was US$12.38 billion, 60 percent higher than $11.69 billion the previous year.

Difficult days ahead?

Difficult days ahead? Rumors of a possible Cabinet reshuffle, constantly rejected by President Abdurrahman Wahid in the past few days, have been answered.

Luhut plans to focus on foreign investment

Luhut plans to focus on foreign investment SINGAPORE (Bloomberg): Indonesia's newly appointed trade and industry minister, Luhut Panjaitan, said he plans to focus on attracting foreign investors by offering them incentives and easier access. Indonesian President Abdurrahman Wahid yesterday fired Trade and Industry Minister Yusuf Kalla and appointed Luhut, currently Indonesia's ambassador to Singapore, to replace him.

RP air controllers suspended

RP air controllers suspended MANILA (AP): Air transport officials suspended on Tuesday three air traffic controllers who were on duty when an Air Philippines plane crashed outside southern Davao city last week, killing all 131 people aboard in the country's worst air disaster. The Boeing 737-200 jet plowed into a coconut grove on a hill on Samal island near Davao airport last Wednesday, killing all 124 passengers and seven crew.

Kwik vows to push economic team to meet IMF deadline

Kwik vows to push economic team to meet IMF deadline JAKARTA (JP): Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie vowed on Tuesday he would work to ensure there would be no more delays in the implementation of the IMF-sponsored economic reform programs. But Kwik added he could not fully guarantee his new economic team would be able to meet future IMF deadlines.

Major changes in the military

Major changes in the military A big change is going on in the Indonesian Military (TNI), a change long awaited by civilian politicians. Students and mass organizations have staged numerous demonstrations demanding the abolition of the military's dual function policy. The demonstrations were participated in by thousands of people, some out of conviction and many for handsome pocket money as they do not know what it is all about.

ECONIT blames economic team for slow recovery

ECONIT blames economic team for slow recovery JAKARTA (JP): The Advisory Group on the Economy, Industry and Trade (ECONIT) said on Tuesday the country's sluggish economic recovery was a result of the poor overall performance of the economic team in the Cabinet. The consultancy firm's latest quarterly report said the team's weakness originated from an absence of operational leadership, which was pivotal in translating strategies into operational policies and actions.

RI construction industry to grow by 100% this year

RI construction industry to grow by 100% this year JAKARTA (JP): Investment in the construction industry is expected to almost double to Rp 80 trillion (US$ 10.2 billion) this year from Rp 44 trillion last year as a result of the recovering economy, an analyst said on Tuesday. Director of construction information service company PT BCI Asia Emanuel Bineratno said the sharp increase in investment was still below its precrisis level of over Rp 110 trillion.

Massive effort to rescue 21 hostages fail

Massive effort to rescue 21 hostages fail SEMPORNA, Malaysia (AP): Intelligence reports said on Tuesday that 21 people seized from a Malaysian diving resort were in the southern Philippines. But by nightfall, rescue efforts in Southeast Asian seas had failed for a second day. A Filipina waitress who escaped the abduction added weight to claims by Muslim rebels that they carried out the hostage-taking on Sipadan Island off the northeast coast of Borneo on Sunday night.

Mean parents and local mafia our worst threat, says Didit

Mean parents and local mafia our worst threat, says Didit SURABAYA (JP): Eight children between the ages of 8 and 14 played their music and sang before an audience of some 30 children during Sunday School at Maria Immaculata in Surabaya. They sang various songs, from their own compositions, titled Kaladebu and Hermin, to famous dangdut songs and even some songs by the Beatles and Elvis. They are part of a 30-member group from SMP Alang-alang, well known in Surabaya for their "nice street music".

Textile workers demand higher pay

Textile workers demand higher pay BANDUNG: Some 400 workers of textile factory PT Yutica Loka Kencana marched to the local legislative council building on Tuesday demanding that management pay the new wage of Rp 286,000 per month made effective April 1 as stipulated by a Ministry of Manpower decree. The workers said they receive Rp 260,000 and the management had yet to grant menstrual leave for woman workers. "This is our right," Reni, who has worked for the company for seven years, said.

KL relaxes bond regulation

KL relaxes bond regulation KUALA LUMPUR (AFP): In a move to stimulate the private debt securities market, domestic and foreign companies are now allowed to issue bonds without the central bank's approval, reports said Tuesday. Bank Negara Malaysia governor Ali Abul Hassan Sulaiman was quoted as saying that the move was part of measures to accelerate the development of the capital market.

VP renews peace campaign in Ambon

VP renews peace campaign in Ambon AMBON, Maluku (JP): Vice President Megawati Soekarnoputri visited Ambon on Tuesday to renew her efforts to restore peace in the town which has been wrecked by sectarian conflicts since January 1999. As if responding to her initiative, some 3,000 people from the Muslim and Christian communities gathered at the Halong Naval Base soccer field, about four kilometers east of Ambon, to hear Megawati make her appeal.

Asian currencies lower late, peso slides to 18-month low

Asian currencies lower late, peso slides to 18-month low SINGAPORE (Dow Jones): Asian currencies are mostly lower late Tuesday led by the peso, which slumped to an 18-month low amid a bribery scandal that threatens multilateral loans. The rupiah was another casualty on the day, as it handed back much of its recent gains on concerns a cabinet reshuffle by Indonesian President Abdurrahman Wahid could trigger a backlash from coalition parties.

Indonesia beats New Zeland 3-0 in Federation Cup ties

Indonesia beats New Zeland 3-0 in Federation Cup ties OSAKA, Japan (Agencies): The 1998 Asian Games champion Yayuk Basuki showed no ill-effects from her maternity leave as she won two matches to lead Indonesia to a 3-0 victory over New Zealand. Yayuk's defeat of Rewa Hudson (6-0, 6-1) was followed by Wynne Prakusya's 6-2, 7-6 (9-7) win over Leanne Baker. Yayuk and Wynne outclassed Hudson and Shelley Stephens 6-4, 6-2.

Utut ties with Timman as Polgar tops standings

Utut ties with Timman as Polgar tops standings By Ivy Susanti SANUR, Bali (JP): Indonesia's top chess player Grand Master (GM) Utut Adianto forced GM Jan Timman of the Netherlands to tie in the 28th move in a do-or-die duel at the JAPFA Classic International Tournament 2000 on Tuesday. Another host player, GM Ruben Gunawan, surrendered to GM Jaan Ehlvest of Estonia in the 37th move using the Queen Indian defense in the US$56,500 tournament held at the Grand Bali Beach hotel here.

Parties warn of desertion from Cabinet

Parties warn of desertion from Cabinet JAKARTA (JP): Golkar Party and the Indonesian Democratic Party of Struggle (PDI Perjuangan) threatened to withdraw all their representatives in the Cabinet on Tuesday unless the President gives a satisfactory reason for Monday's reshuffle. "We might withdraw ministers who come from Golkar. But that's a last resort," Golkar chairman Akbar Tandjung told reporters.

No supervision for city buildings

No supervision for city buildings From Kompas In the past few months many houses in the Menteng area in Central Jakarta -- buildings which should be protected by the capital's administration for their historical value and architecture -- have been demolished. New houses have been built which are a far cry from the style prevalent in Menteng. It has, of course, led to a loss of the area's character.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on April 25, 2000: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 725 0 0 Adindo Foresta Indonesia 400 -25 618,500 Alakasa Industrindo 700 50 66,500 Alfa Retailindo 800 0 696,000 Alter Abadi 150 -125 42,500 Alumindo Light Metal 1,075 -50 46,500 Aneka Kimia Raya 300 -25 42,000 Aneka Tambang (Persero) 1,025 0 798,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Prudential launches new product

Prudential launches new product JAKARTA (JP): Prudential BancBali Life launched on Tuesday three additional new funds of its PRUlink investor account, an investment linked product that was first introduced last April and has already raised Rp 55 billion (US$7 million) in sales last year.

RI traditional drama at JIS

RI traditional drama at JIS JAKARTA (JP): Students of the Jakarta International School are scheduled to perform an Indonesian traditional drama entitled Lakshagraha (Pandawa Obong) at their school compound on Friday evening, the school's intercultural director, S. Money, said. Money said in a statement that the performance constituted an extracurricular project of Indonesian studies at the school.

Police investigate gang-rape rumors

Police investigate gang-rape rumors BOGOR (JP): Bogor Regional Police chief Col. Edi Darnadi said on Monday police officers were expecting residents to come forward to provide information about a group reportedly committing gang rapes. "We don't have any clue about it yet. There weren't any reports made by victims or relatives if the rumors are true," Edi said. "Those who spread the rumors can be charged under articles of the Criminal Code. This also applies to those who don't report rape cases.

Mixed doubles veterans team up for Uber Cup

Mixed doubles veterans team up for Uber Cup JAKARTA (JP): Mixed doubles specialists Minarti Timur and Zelin Resiana are the third doubles pairing for the Uber Cup women's team event, an official from the Badminton Association of Indonesia (PBSI) said on Tuesday.

Kostrad chief orders hunt of missing Sudjono

Kostrad chief orders hunt of missing Sudjono BANDUNG (JP): Army Strategic Reserves Command (Kostrad) Commander Lt. Gen. Agus Wirahadikusumah said on Tuesday that he has ordered two of his intelligence officers to locate the missing Lt. Col. Sudjono, or else they will have to resign. "I have ordered the assistant of intelligence in Kostrad and intelligence chief (in Aceh) to find Sudjono as the key person to the Aceh case.

Decomposed body found in rented house in C. Jakarta

Decomposed body found in rented house in C. Jakarta JAKARTA (JP): A decomposed body was found on Tuesday in a rented house in Cempaka Putih, Central Jakarta, a police officer has said. Chief Sgt. Eko Cahyono of the Central Jakarta Police station said the decomposed body was found in a room of a two-story house belonging to Suwanto Chandra. It is thought the unidentified man met his death some four months ago.

Court approves request to seize charity assets

Court approves request to seize charity assets JAKARTA (JP): The South Jakarta District Court gave its preliminary approval on Tuesday to the request by the Attorney General's Office to seize assets belonging to seven charity foundations set up and chaired by former president Soeharto.

Irianese remember entry into RI

Irianese remember entry into RI JAYAPURA, Irian Jaya: Local residents will commemorate the 37th anniversary of the transfer of sovereignty over Irian Jaya from the Netherlands to the Republic of Indonesia through the United Nations Temporary Executive Authority (Untea) on May 1. The Papuan Presidium Council announced on Tuesday that a mass prayer to celebrate the historic moment was scheduled to take place here.

Where to go in Surabaya, for Wednesday, April 26, 2000

Where to go in Surabaya, for Wednesday, April 26, 2000 Performances * Traditional Dance: Rangkaian Melati, at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333), 7:30 p.m., April 28. * Concert: The Marvelous Sounds of China by Thai and Indonesian musicians at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, 8 p.m. to 9 p.m., May 3. * Ensemble Concert: Dutch musicians at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, 8 p.m.

Gus Dur -- long on democracy, short on economy

Gus Dur -- long on democracy, short on economy JAKARTA (JP): President Abdurrahman Wahid may be severely handicapped when it comes to dealing with the economy, but he has a strong capacity to lead Indonesia and to transform it into a democratic society, noted scholar Arief Budiman said on Tuesday. Speaking at a seminar titled "Understanding Gus Dur", Arief said the public should not expect too much from the President.

Hotels need to lengthen visitors' stay

Hotels need to lengthen visitors' stay SURABAYA: The length visitors stay at Surabaya hotels is still not satisfactory. The average length of stay is between 2.3 and 2.5 days in three-star hotels. Head of the Indonesian Hotel and Restaurant Association East Java chapter, Sami Ransum, said "In four- and five-star hotels, it could be slightly higher." That figure is for foreign visitors. For local guests it is even lower.

TV today

TV today TVRI 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 Sports 8:30 Talk Show 9:00 World News 9:35 Music 10:30 News Program 2 3:30 p.m. Documentary 4:30 Music 5:30 City News 6:30 Documentary 7:00 Evening News 7:30 Music 8:00 News 8:30 Variety Show TPI 5:30 a.m.

Rates for tax payment, valid from April 24 to April 30

Rates for tax payment, valid from April 24 to April 30 U.S. dollar 1 Rp 7,715.00 Austrian schilling 1 527.02 Australian dollar 1 4,560.34 Belgian franc 1 179.77 Canadian dollar 1 5,196.34 Swiss franc 1 4,622.53 Deutschemark 1 3,710.38 Danish krone 1 970.66 French franc 1 1,105.56 Poundsterling 1 12,165.01 Hong Kong dollar 1 990.58 Italian lira 100 374.53 Japanese yen 100 7,358.13 Malaysian ringgit 1 2,030.32 Dutch guilder 1 3,290.87 New Zealand dollar 1 3,825.10 Norwegian krone 1 889.80 Swedish...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on April 25, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,860.00 7,940.00 Australian dollar 1 4,672.77 4,724.30 Austrian schilling 1 536.25 542.00 Belgian franc 1 182.92 184.88 Brunei dollar 1 4,613.49 4,663.18 Canadian dollar 1 5,320.52 5,378.31 Swiss franc 1 4,695.62 4,745.68 Deutschemark 1 3,772.86 3,813.29 Danish krone 1 989.92 1,000.38 Euro 1 7,378.97 7,458.04 French franc 1 1,124.91 1,136.97 Poundsterling 1 12,406.22 12,536.

BI's forex reserves fall

BI's forex reserves fall JAKARTA (JP): Bank Indonesia said on Tuesday the country's net foreign exchange reserves fell in the third week of April by US$124.7 million to $18.19 billion compared to the previous week. The central bank said in its weekly report the decline was primarily due to debt repayments and the transfer of the Jexim loan to Bank Ekspor Indonesia.

Three killed in road accident

Three killed in road accident SEMARANG: A family of three were killed instantly in a road accident on Monday night near Bangkal village in Temanggung, some 100 kilometers southwest of here. Spokesman for the Central Java Police Lt. Col. M. Ramlie said on Tuesday that Rumadi, 41, his wife, Lilik, 35, and their seven- year-old son Tri Purwoko were run over by a speeding car coming from the opposite direction after they had fallen off their motorcycle when it was hit from behind by a truck.

Bovine disease hurts Seoul feed industry

Bovine disease hurts Seoul feed industry SINGAPORE (Dow Jones): The outbreak of foot-and-mouth disease in South Korea last month is set to scupper any chances of growth in the country's animal feed industry this year, analysts and trade officials told Dow Jones Newswires. They said the impact appears to have negated the positive effects of South Korea's economic recovery this year.

Physicians demand salary hike

Physicians demand salary hike YOGYAKARTA: Some 150 state physicians and dentists demanded a 250 percent hike in salary during a meeting with health minister Achmad Sujudi here on Tuesday. They told the minister that they would stage street protests if the government failed to meet their demand. Sujudi said, however, that the government and the House of Representatives had agreed only to double their salaries. It is unclear, however, when the increase will take effect. (swa)

Half of mangrove forests are destroyed: Observers

Half of mangrove forests are destroyed: Observers JAKARTA (JP): Almost half of the country's mangrove forests have disappeared since 1982, causing land abrasion by the sea and threatening biota living in that environment, activists said on Tuesday.

Is Aussie $12 syymaster more than meets the eye?

Is Aussie $12 syymaster more than meets the eye? By Lela E. Madjiah JAKARTA (JP): Australia takes great pride in its military. Its leading role in the International Force in East Timor (Interfet) has swelled its self-confidence to such an extent that it sees itself as the future "cop" for Asia. The controversial "Howard doctrine", which appeared in Bulletin magazine last year, depicted Prime Minister John Howard as saying Australia planned to become U.S. "deputy sheriff" in Asia.

Imported sugar rules market

Imported sugar rules market SEMARANG: Imported sugar from Brazil has prevailed in Central Java despite a governor's ruling banning the commodity from the market, an official said on Tuesday. Soendoro, head of the provincial chamber of commerce, said that the better quality and lower-priced imported sugar threatened local sugar producers and he called on the local authorities to take stern measures against importers.

Bentoel splits stock

Bentoel splits stock JAKARTA (JP); Listed investment company PT Bentoel Internasional Investama split on Monday the nominal value of its shares to Rp 50, from a previous price of Rp 500. "The stock split will make the company share price more affordable to retail investors," the company said. The company share price stood at Rp 8,500 prior to the stock split. After the split it closed at Rp 750.

President installs 13 Indonesian envoys

President installs 13 Indonesian envoys JAKARTA (JP): President Abdurrahman Wahid swore in on Tuesday 13 new Indonesian ambassadors, including former Air Force chief of staff Air Marshal (ret) Sutria Tubagus and East Timor prointegration leader Lopez da Cruz. Sutria was made the new ambassador to Thailand replacing Vice Marshal (ret) Isbandi Gondo, and Da Cruz replaces Samsubahri Siregar as ambassador to Greece.

The price of neglecting local elections in Indonesia

The price of neglecting local elections in Indonesia Many questions still surround the government's decentralization plan. The Jakarta Post recently talked to lecturer of politics Pratikno about the upcoming regional autonomy. Pratikno, who lectures at Gadjah Mada University, Yogyakarta, was involved in its recent study of local democracy in the post-Soeharto era.

Civilian guards 'hamper TNI', Kostrad chief Agus complains

Civilian guards 'hamper TNI', Kostrad chief Agus complains BANDUNG (JP): The presence of civilian guards affiliated with political parties has hampered the work of the Indonesian Military (TNI), whose duty it is to maintain national stability, Army Strategic Reserves Command (Kostrad) chief Lt. Gen. Agus Wirahadikusumah said.

Official fired for drug trafficking

Official fired for drug trafficking TANGERANG (JP): Mayor HM Thamrin has temporarily dismissed a low-ranking employee at the Ciledug District Public Order office following a court decision finding him guilty of dealing shabu- shabu (crystal methamphetamine). Head of the mayoralty's human resources division Eni Muniggar said the man, Nasarudin, alias Joki, 40, would not receive his monthly salary and other allowances during his 18 months in jail.

The simple ways to detect signs of cancer in children

The simple ways to detect signs of cancer in children By Stevie Emilia JAKARTA (JP): Nunuk A. Prabowo is unable to say how she felt upon learning that her five-month-old daughter, Frida, tested positive for leukemia four years ago. "We weren't ready for the reality. We wanted to scream in disbelief ... I broke down many times when I saw Frida lying helpless in (the hospital's) isolation room with a drip attached to her head," Nunuk said.

IBRA revokes lawsuit against A Latief after debt repayment

IBRA revokes lawsuit against A Latief after debt repayment JAKARTA (JP): Indonesian Bank Restructuring Agency (IBRA) has revoked its bankruptcy petition against trading firm PT A Latief Corporation following the US$15 million debt repayment by the latter to the agency. "The debt repayment is proof of PT A Latief's good intentions all through the process of debt negotiations over the past months with its creditors," the company said in a statement on Tuesday.

Hospital introduces special air evacuation services

Hospital introduces special air evacuation services JAKARTA (JP): A medical team at MH Thamrin International Hospital in Salemba, Central Jakarta, conducted an air evacuation drill from the rooftop of the hospital building on Tuesday.

Private parking operators oppose plan to cut rate

Private parking operators oppose plan to cut rate JAKARTA (JP): Operators of privately owned shopping centers strongly opposed on Tuesday the city administration's plan to order the management of all private parking lots, such as those at shopping complexes, to lower their parking fees from next Monday.

Mirror traders are witnesses to major events at the House

Mirror traders are witnesses to major events at the House By A'an Suryana JAKARTA (JP): No one passing in front of the legislator's building on Jl. Gatot Subroto in Central Jakarta can avoid the shining reflection of mirrors on display at various spots along the sidewalk. The mirror traders, mostly relatives to each other, have been occupying the site since the early 1970s.

Synergy in Cabinet

Synergy in Cabinet President Abdurrahman Wahid finally had the sense of doing what many critics have been telling him to do these past few months: revamp his economic team. By invoking his constitutional prerogative, on Monday, the President replaced Minister of Industry and Trade Yusuf Kalla and State Minister of Investment and State Enterprises Laksamana Sukardi with Lt. Gen. Luhut Panjaitan and Rozy Munir.