Indonesian Political, Business & Finance News

Archive: 27 April 2000

84 articles found

Seizure of Soeharto assets to begin soon

Seizure of Soeharto assets to begin soon JAKARTA (JP): The Attorney General's Office announced on Wednesday it would begin the seizure of assets related to former president Soeharto's corruption charges in the coming few days.

Sulawesi students stage rally, renew demand for independence

Sulawesi students stage rally, renew demand for independence MAKASSAR, South Sulawesi (JP): Street rallies by disgruntled students protesting the dismissal of Minister of Industry and Trade Yusuf Kalla here started Wednesday off with a renewed threat to break away from the republic.

Japan foreign minister to visit Indonesia

Japan foreign minister to visit Indonesia TOKYO (DPA): Japanese Foreign Minister Yohei Kono said on Tuesday he will visit Indonesia as part of his three-nation five- day trip starting on Friday.The overseas visit will also take Kono to Singapore and the former Indonesian province East Timor.

Sutiyoso 'invited' in July 27 probe

Sutiyoso 'invited' in July 27 probe JAKARTA (JP): The National Police has issued what they term an "invitation" to three former retired military generals to answer questioning as witnesses in connection with the forcible takeover of the Indonesian Democratic Party (PDI) headquarters on July 27,...

Most Asian currencies close lower, rupiah still suffering

Most Asian currencies close lower, rupiah still suffering SINGAPORE (Dow Jones): Most Asian currencies weakened against the U.S. dollar in regional trading hours Wednesday with the Indonesian rupiah bearing the brunt of the decline.

Manila blames rebels for Sipadan abduction

Manila blames rebels for Sipadan abduction ZAMBOANGA, Philippines (AFP): Members of a separatist group have brought 21 hostages abducted from a Malaysian resort to a southern Philippines stronghold and are reportedly seeking a two million dollar-plus ransom, officials said on Wednesday.

Traditional drama at JIS

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 for three consecutive days starting from Thursday evening, the school's intercultural director,...

Unbeaten Grant sees upset of champion Lewis in 10th round

Unbeaten Grant sees upset of champion Lewis in 10th round NEW YORK (AFP): Unbeaten Michael Grant predicted a 10th-round stoppage of undisputed world heavyweight champion Lennox Lewis in their title showdown here Saturday, vowing to pressure the British boxer until he cracks.

Man injured in vehicle blast

Man injured in vehicle blast DENPASAR, Bali: A van carrying gasoline exploded here on Wednesday, severely injuring its driver.The vehicle, which was formerly used as public transportation vehicle, was transporting 25 plastic tanks containing 20 liters of gasoline each.

Alleged fraud at flying service company probed

Alleged fraud at flying service company probed JAKARTA (JP): City police detectives began an investigation on Wednesday into the alleged embezzlement of Rp 744 million (US$99,200) and $63,722 at aviation consultancy firm PT Aerospace Nusantara Service Center (ASC).

Portugal to help preserve its heritage in Indonesia

Portugal to help preserve its heritage in Indonesia JAKARTA (JP): In a move to improve Portuguese-Indonesian relations, Portuguese Ambassador Ana Gomes promised on Tuesday her government would assist with the preservation of its colonial heritage here.

Inco earning up 1st quarter increases

Inco earning up 1st quarter increases JAKARTA (JP): Publicly-listed PT International Nickel Indonesia (Inco) announced on Wednesday unaudited net earnings of $18.1 million in the first quarter of 2000, or seven cents per share, compared to a loss of $2.1 million (one cent per share) a year earlier.

Teacher land hike in allowance, still short of demand

Teacher land hike in allowance, still short of demand JAKARTA (JP): The government has agreed to raise teachers' functional allowances by 100 percent, far below various demands made by protesting teachers.

Phony VCDs, CDs, CD-Roms seized

Phony VCDs, CDs, CD-Roms seized JAKARTA (JP): Central Jakarta Police detectives seized some 1 million counterfeit video compact discs (VCDs) and CDs in a raid on two houses on Jl. Dwiwarna in Kartini subdistrict, Sawah Besar, on Wednesday morning.Central Jakarta Police detectives chief Capt.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on April 26, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 800 75 500 Adindo Foresta Indonesia 375 -25 586,500 Alakasa Industrindo 675 -25 7,500 Alfa...

House to question President over his Cabinet reshuffle

House to question President over his Cabinet reshuffle JAKARTA (JP): House of Representatives legislators are planning to grill President Abdurrahman Wahid over his latest Cabinet shake-up when they meet with him for a regular consultation on Thursday.

Some 67 dead in Burundi ahead of Mandela visit

Some 67 dead in Burundi ahead of Mandela visit BUJUMBARA (AFP): At least 67 people have died as fighting between Burundi's army and rebels flared only days before chief peace mediator Nelson Mandela is due to visit the country in the latest bid to end seven years of civil war.

Politics affect art and tourism sectors in Bali

Politics affect art and tourism sectors in BaliBy Degung Santikarma DENPASAR, Bali (JP): In the tiny village of Peliatan, south of Ubud, Bali, a small artshop has recently been renovated. The gaudy paint and shiny ceramic tiles have been replaced with natural stone and mud-plastered walls in...

Three more opposition supporters die in Kariba

Three more opposition supporters die in Kariba HARARE (AP): Political violence has claimed the lives of three more opposition supporters and also threatened to deprive Zimbabwe's economy of its biggest hard-currency earner, officials said on Wednesday.

Asian stock markets close lower

Asian stock markets close lower HONG KONG (AP): Most Asian stock markets closed lower on Wednesday, with the key index in Tokyo falling to a four-month low after investors cashed in on early gains.Japan's benchmark 225-issue Nikkei Stock Average shed 138.02 points, or 0.

China banks on Xia, Ji in Thomas Cup c'ship

China banks on Xia, Ji in Thomas Cup c'ship JAKARTA (Agencies): China is putting its hopes on young shuttlers Xia Xuanze and Ji Xinpeng in the Thomas Cup in Kuala Lumpur next month while experienced women players will be recruited for the Uber Cup team.

UN movea to introduce defender for rights activists

UN movea to introduce defender for rights activists GENEVA (AFP): The United Nations rights body voted overwhelmingly on Wednesday to give human rights defenders their own defender.Fifty of the 53 members of the UN Human Rights Commission voted at the body's annual session here to appoint a special...

Medco ties up with Mitsui

Medco ties up with Mitsui JAKARTA (JP): Publicly listed PT Medco Energi Internasional signed a memorandum of understanding with Japanese trading company Mitsui & Co. Ltd. on Wednesday for cooperation in marketing crude oil, financing arrangements and development projects.

Gore to criticize Bush plans on health care

Gore to criticize Bush plans on health care BOSTON, Massachusetts (AP): Republicans "have blood in their eyes," Vice President Al Gore warned as he tried to keep pace with Republican Party fund raising and rolled out an all-points critique of the policy agenda of Republican presidential rival...

Daewoo union extends strike

Daewoo union extends strike SEOUL (AFP): The union of South Korea's ailing Daewoo Motor Co. said on Wednesday it would continue at least until Saturday its wildcat strike in protest against the arrest of union leaders.

Gus Dur defends Cabinet reshuffle

Gus Dur defends Cabinet reshuffle JAKARTA (JP): President Abdurrahman Wahid defended on Wednesday his decision to replace two of his economics ministers as an ordinary Cabinet reshuffle well in line with his prerogative as head of government.

Falling tree kills movie director, injures crew

Falling tree kills movie director, injures crew BOGOR (JP): A 52-year-old TV drama series director, Abdul Kadir, died during the shooting of his Borobudur action series when a tree fell on him in a forest studio at Situ Gede village, Sindang Barang Jero in West Bogor on Wednesday afternoon.

FINA to lift ban on two swimmers

FINA to lift ban on two swimmers LAUSANNE, Switzerland (AP): World swimming's governing body said on Tuesday it is ready to lift the four-year suspensions given to two swimmers who tested positive for nandrolone, citing new evidence that the steroid could have been present in meat they consumed.

Bribery allegation hits judge candidate Teguh

Bribery allegation hits judge candidate Teguh JAKARTA (JP): Teguh Samudra, one of 10 independent ad hoc judges proposed by the government for the Jakarta Commercial Court, was allegedly involved in a Rp 2 billion (US$250,000) court bribery involving a civil dispute occurring in 1998, according to a...

Property sector 'on road to recovery'

Property sector 'on road to recovery' JAKARTA (JP): The property sector, especially housing, will recover to its precrisis level next year as sales this year are predicted to double from 1999, leading property developer Ciputra said on Wednesday.

Police shoot two in Merauke spat

Police shoot two in Merauke spat MERAUKE, Irian Jaya: A street quarrel between two policemen and two civilians here on Monday resulted in the shooting of the latter.Irian Jaya Police chief Brig. Gen. SY Wenas confirmed the shooting on Wednesday, saying it was due to a misunderstanding.

RI in throes of fragile recovery

RI in throes of fragile recovery BANGKOK (AP): Indonesia is showing signs of a fragile recovery after three years of economic and political turmoil, but it will take years for the debt-ridden finance sector to be restored to health, the Asian Development Bank reported Wednesday.

Rudy Ramli agrees to drop lawsuit

Rudy Ramli agrees to drop lawsuit JAKARTA (JP): Former controlling owner and president of Bank Bali Rudy Ramli agreed on Wednesday to drop his lawsuit against the central bank and the Indonesian Bank Restructuring Agency (IBRA).

Government urged to stop interventionist approach

Government urged to stop interventionist approach JAKARTA (JP): The government should stop intervening in the formation of partnerships between small and medium-sized enterprises and large companies, according to a survey.

Barbie pieces worth Rp 5.2b reported stolen

Barbie pieces worth Rp 5.2b reported stolen JAKARTA (JP): Jakarta Police detectives are investigating the theft of Barbie doll parts from PT Mattel Indonesia's factory in Cikarang, Bekasi.According to a police source, it is suspected some Rp 5.

The power of Men Brayut's legacy remains in Bali

The power of Men Brayut's legacy remains in BaliBy Leslie Dwyer DENPASAR, Bali (JP):As fact-finding commissions and special investigations work to uncover the truth behind the past 35 years of Indonesian history, numerous crimes are being brought to light.

Action against unregistered vendors postponed

Action against unregistered vendors postponed JAKARTA (JP): The City Administration has delayed taking firm action against 120,000 unregistered street vendors operating in the capital on humanitarian grounds and will wait until the recovery of the country's economy, an official said on Wednesday.

Columbian artist goes abstract at National Gallery

Columbian artist goes abstract at National Gallery JAKARTA (JP): Manuel Hernandez is quite possibly an unfamiliar name to most Indonesian art lovers -- he is a contemporary art maestro from a country as far away as Columbia in Latin America.

S'pore to reward nicotine quitters

S'pore to reward nicotine quitters SINGAPORE (AFP): A year after launching a visually shocking campaign featuring blood clots in the brain and fatty heart deposits, Singapore is switching to incentives to get its population to quit smoking.

Navratilova in women's doubles

Navratilova in women's doubles LOS ANGELES, California (AP): Martina Navratilova, retired from competitive for almost five and a half years, will enter the women's doubles draw at Wimbledon, her spokeswoman said on Tuesday.

Wheels of justice turn slowly -- if at all -- in Polish courts

Wheels of justice turn slowly -- if at all -- in Polish courtsBy Magdalena Kulig WARSAW (AP): Poland's chronic inability to give suspects speedy trials turned into a blessing for five archivists charged with destroying secret-police records from the communist era.

School up in arms about regiment

School up in arms about regiment SEMARANG, Central Java: About 500 students from Walisongo State Academy for Islamic Studies (IAIN) rallied at the provincial legislature on Wednesday to demand the expulsion of student paramilitary regiments (Menwa) from campuses.

Where to go in Bali for Thursday, April 27, 2000

Where to go in Bali for Thursday, April 27, 2000Exhibitions * Painting Exhibition by Ni Made Suciarmi, Seniwati Showspace, Jl Raya Ubud, April 28. * Painting Exhibition, Seni Lukis Kaca Nagasepaka, Buleleng, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m.

Blues eliminated from Western Conference series

Blues eliminated from Western Conference series ST. LOUIS, Missouri (AP): All the St. Louis Blues has for its 114-point regular-season championship is a worthless trophy.Steve Shields rebounded from a shaky Game 6 with 21 saves as the San Jose Sharks tightened up on defense to eliminate the Blues...

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on April 26, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,525.00 8,525.00Australian dollar 1 4,420.19 5,011.85Austrian schilling 1 502.73 569.79Belgian franc 1 171.49 194.36Brunei dollar 1 4,407.80 4,996.48Canadian dollar 1 5,121.

Asia says Asia can wipe out poverty by 2025

Asia says Asia can wipe out poverty by 2025 BANGKOK (AFP): Poverty in Asia should largely be eradicated by 2025 as economic growth transforms the lives of the 900 million people who now survive on less a dollar a day, the Asian Development Bank said on Wednesday.

ADB confident of oil price stability

ADB confident of oil price stability MANILA (DPA): The Asian Development Bank (ADB) said Wednesday recent rounds of oil price increases are expected to push up inflation in industrialized countries, but would not likely plunge the world economy into another recession.

Top int'l chess players to compete in JAPFA Open

Top int'l chess players to compete in JAPFA Open SANUR, Bali (JP): Top international Grand Masters will participate in the JAPFA Classic International Open Tournament 2000 at the Grand Bali Beach Hotel here from May 3 to May 11.GM Jaan Ehlvest of Estonia (elo rating 2,622), GM Gilberto Milos Jr.

International peacekeepers set for Lebanese borders

International peacekeepers set for Lebanese borders BEIRUT (AP): Lebanon said on Wednesday -- for the first time -- that it will accept international peacekeepers in areas to be vacated by Israeli forces in southern Lebanon, a move that could help prevent attacks by Lebanese guerrillas.

S. Korea-Vietnam oil venture

S. Korea-Vietnam oil venture SEOUL (AP): A consortium of U.S., South Korean and Vietnamese companies will begin a US$54 million project to search for oil off Vietnam, South Korean officials said Wednesday.The consortium involving Conoco Inc., Korea National Oil Corp. and Vietnam Oil and Gas Co.

IBRA loses new bankruptcy case against Ometraco

IBRA loses new bankruptcy case against Ometraco JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) lost another legal battle in the Jakarta Commercial Court, which dismissed the agency's bankruptcy suit against PT Ometraco Corporation on Wednesday.

A wasted chance on nuclear arms?

A wasted chance on nuclear arms? This morning (Tuesday), members of the United Nations begin a month of meetings on nuclear arms. Officially, it is the five- year review of the Nuclear Non-Proliferation Treaty. Unofficially, it is the greatest meeting ever held to discuss the state of nuclear arms.

Workers of two firms rally for wage hike, right to join union

Workers of two firms rally for wage hike, right to join union JAKARTA (JP): Two groups of workers staged separate protests in the city on Wednesday demanding the right to organize and proper wage increases.

Uncertainty spooks market

Uncertainty spooks market While everybody agrees that it is President Abdurrahman Wahid's constitutional prerogative to appoint and replace his Cabinet members and that his economic team did require a realignment, his sacking of Industry Minister Jusuf Kalla and State Minister of Investment and...

Flying balloons to promote 2002 World Cup

Flying balloons to promote 2002 World Cup SEOUL (Agencies): Ten Chinese, Japanese and South Koreans will fly in balloons across the Sea of Japan next week to promote the 2002 World Cup, organizers said Wednesday."The goal is clear.

Clean and real democracy

Clean and real democracy I would like to contribute my thoughts -- how dare Australia take all the credit concerning East Timor.I wonder how the Australian government (John Howard) can give all the credit to its armed forces for the freedom of East Timor, by saying, "it's because of Australian...

Sikh try to heal massacre wounds

Sikh try to heal massacre woundsBy Surinder Oberoi CHATISINGHPORA, India (AFP): Life is cautiously returning to normal in the picturesque Kashmir village of Chatisinghpora, where 36 Sikh men were massacred by unidentified gunmen more than one month ago.

Tyasno apologizes for Army's past mistakes

Tyasno apologizes for Army's past mistakes JAKARTA (JP): Army Chief of Staff Gen. Tyasno Sudarto delivered an apology to the nation on Wednesday for "Army troops' past mistakes" and pledged such actions would not be repeated in the future.

PM Amato's new government sworn in

PM Amato's new government sworn in ROME (AP): Premier Giuliano Amato was sworn into office on Wednesday along with a rehashed center-left coalition already looking frayed after one of his choices refused to take up his ministry post.

Chinese army exercises part of military move

Chinese army exercises part of military move TAIPEI (AFP): Taiwan said stepped-up Chinese military exercises were aimed at cranking up psychological pressure on Taipei and urged its population not to panic over escalating tensions on Wednesday.

Rare Bali starling on the brink of extinction

Rare Bali starling on the brink of extinctionBy Ketut Sutika DENPASAR, Bali (ANTARA): A century ago, Bali was a paradise for the rare starling leucopsar rothschildi, a small white bird with black wing tips and a brilliant aqua-blue streak around the eyes.

Fed concerned U.S. economy showing no signs of slowing

Fed concerned U.S. economy showing no signs of slowing WASHINGTON (AFP): The U.S. economy is showing no sign of slowing and is producing upward wage and price pressures, a Federal Reserve Bank president warned here on Tuesday.

Violence flares in Ambon after Megawati departure

Violence flares in Ambon after Megawati departure AMBON, Maluku (JP): Two men were killed here on Wednesday only hours after Vice President Megawati Soekarnoputri left the provincial capital on a two-day visit aimed at effecting peace in the prolonged sectarian conflict.

Two Koreas set to hold crucial talks for summit; tension eases

Two Koreas set to hold crucial talks for summit; tension eases SEOUL (AFP): North and South Korea are to hold a crucial second round of talks to prepare for a historic inter-Korean summit as attention is fixed on the agenda Pyongyang will possibly table for the June meeting.

Iraq offers to cooperate with UN after lifting of sanctions

Iraq offers to cooperate with UN after lifting of sanctions BAGHDAD (Agencies): Iraq will be ready to cooperate with the United Nations Security Council once the decade-old embargo has been lifted, an official newspaper said on Wednesday.

Teachers make selfish demand

Teachers make selfish demandFrom Suara KaryaWhile Indonesia is still in the throes of a deep economic crisis, the government has, quite daringly, decided to raise the salaries of civil servants and members of the military and the police by quite a small percentage (30 percent).

Microsoft must remain in one piece to innovate: Gates

Microsoft must remain in one piece to innovate: Gates SEATTLE (AP): Microsoft Corp. chairman Bill Gates said on Tuesday that consumers would be hurt if his company were broken up by the federal government because the synergy between the various divisions and products are the key to his company's...

Pick of the Flicks (for Thursday, April 27, 2000)

Pick of the Flicks (for Thursday, April 27, 2000)Hollywood KC Deuce Bigalow 14:15 16:55 19:05 21:15 Sleepy Hollow 14:55 17:35 19:45 21:55 The Bachelor 14:15 16:55 19:05 21:15 Bicentennial Man 14:55 17:35 19:45 21:55 Boys Don't Cry 14:15 16:55 19:05 21:15Senayan Sleepy Hollow 13:00 15:15 17:30 19:45...

Central bank says time ripe to sell U.S. dollars

Central bank says time ripe to sell U.S. dollars JAKARTA (JP): Bank Indonesia (BI) deputy governor Miranda Gultom said on Wednesday that the central bank was ready and in a good position to sell its U.S. dollars in a bid to help ease pressure on the rupiah.

Letter bomber gets nine years

Letter bomber gets nine years CANBERRA (AP): A disgruntled former tax worker who spread terror through Australia when he mailed letter bombs to former colleagues and an equal opportunities commission was jailed on Wednesday for nine years.

Observations and suggestions

Observations and suggestions I have had the privilege of residing in Indonesia for over a year. This is a great country, especially its vast and rich culture. The following personal observations seem rather "unique" and I wish to share them with fellow readers.

Musique Surya makes debut in Jakarta today

Musique Surya makes debut in Jakarta todayBy Y. Bintang Prakarsa JAKARTA (JP): A new chamber ensemble is making its debut this Thursday, April 27, at 7.30 p.m. at Erasmus Huis. Musique Surya is presently made up of Ade Simanjuntak-Simbolon (piano), Lynn Davidoff (flute), and Sharon Eng (viola).

Air Force to receive six new Hawks from UK

Air Force to receive six new Hawks from UK JAKARTA (JP): The Indonesian Air Force will receive six new Hawk jet fighters from the United Kingdom in June. They will be stationed at Supadio Air Base in Pontianak, West Kalimantan.

South Korea hit by CIH-virus

South Korea hit by CIH-virus SEOUL (AFP): Computer viruses called CIH hit South Korea for the second consecutive year on Wednesday, crippling thousands of computers in houses, companies and government offices, officials said.

Russia exhibits Hitler's skull

Russia exhibits Hitler's skull MOSCOW (AFP): The Russian authorities on Wednesday put on display what they said was a bullet-marked fragment of Hitler's skull, but admitted they had no conclusive proof as to how the Nazi dictator killed himself.

KL lawyers urge brutality probe

KL lawyers urge brutality probe KUALA LUMPUR (AFP): A group of Malaysian lawyers urged the government on Wednesday to probe allegations of police brutality on opposition supporters during April 15 street protests.

Malaysian media calls for greater security

Malaysian media calls for greater security KUALA LUMPUR (AP): Malaysian media jostled on Wednesday over whether better security in Southeast Asian seas would keep pirates and terrorists at bay and preserve the steady flow of tourists to the country's beaches.

Aceh rights abuse tribunal to continue, judges say

Aceh rights abuse tribunal to continue, judges say BANDA ACEH, Aceh (JP): Judges in the joint military-civilian tribunal here ruled on Wednesday to proceed with the trial of 24 soldiers and a civilian charged with mass killings in West Aceh last year.

AJSI calls for a unified security program provider

AJSI calls for a unified security program provider JIMBARAN, Bali (JP): The Association of Social Security Providers in Indonesia (AJSI) has called on the government to merge five state companies running social security programs for the sake of efficiency and better services.

Oracle helps Asia Internet

Oracle helps Asia Internet SINGAPORE (Dow Jones): Oracle Corp. said Wednesday it has invested S$55 million (US$32 million) in a program to support Internet startup companies in South Asia.Oracle said it has signed a memorandum of understanding with eight incubation centers in Singapore to provide...

Thailand's exports soar

Thailand's exports soar BANGKOK (DPA): Thailand's exports in the first quarter of 2000 reached US$17.1 billion, a 30.3 per cent jump over the same period last year, government officials said Wednesday.In the January to March period, imports also increased 21.6 per cent to reach $13.

Zaw braces to fight top players at JAPFA

Zaw braces to fight top players at JAPFABy Ivy Susanti SANUR, Bali (JP): Being the only International Master (IM) in the 16th category JAPFA Classic International Chess Tournament does not frighten Zaw Win Lay.

Call goes out in ugent effort for environment

Call goes out in ugent effort for environment UNITED NATIONS (AP): Despite improvements in the last 30 years, efforts to keep the globe eco-friendly remain the world's "urgent, unfinished agenda," the deputy United Nations chief said on Wednesday.

Global currencies

Global currencies Value Net Changes 1 Day 1 Month 2000 Japanese yen 106.080 -0.2249 +0.21% +0.67% -3.37%Euro 1.0873 +0.0014 -0.12% -5.95% -8.59%Poundsterling 0.6344 +0.0020 -0.31% -1.12% -2.59%Singaporean dollar 1.7046 +0.0011 -0.06% +0.63% -2.27%Australian dollar 1.7000 +0.0149 -0.88% -4.01% -10.