Indonesian Political, Business & Finance News

Archive: 29 April 2000

49 articles found

Lone woman player Polgar keeps lead in JAPFA Classic

Lone woman player Polgar keeps lead in JAPFA Classic By Ivy Susanti SANUR, Bali (JP): Grand Master (GM) Judit Polgar of Hungary held her lead on Friday with 4.5 Match Points (MP) after she drew with GM Alexander Khalifman of Russia in the sixth round of the JAPFA Classic International Tournament 2000. Russian chess legend GM Anatoly Karpov shared second place with GM Gilberto Milos of Brazil with 4 MP each, followed by Khalifman and GM Yasser Seirawan of the United States with 3.5 MP.

PlayStation rental houses boom in Jakarta

PlayStation rental houses boom in Jakarta By Hera Diani JAKARTA (JP): The economic meltdown, which is yet to completely recover, has had its good side. It has at least inspired people from all walks of life to think about different ways to make ends meet in order to weather the economic struggle.

Witness tells court Agus not the owner of seized drugs

Witness tells court Agus not the owner of seized drugs JAKARTA (JP): A witness testified in the drug trial of Second Lt. Agus Isrok that the defendant was not the owner of the illegal substances seized by the police from a room of a West Jakarta hotel last August.

Marzuki seeks Swiss's help to find Soeharto's account

Marzuki seeks Swiss's help to find Soeharto's account JAKARTA (JP): Attorney General Marzuki Darusman reiterated on Friday his appeal to the Swiss government to help the Indonesian authorities probe former president Soeharto's financial wealth which might be hidden in that country. Marzuki also disclosed that the government was awaiting reports from Indonesian embassies on foreign assets owned by the former first family.

Astra International earns Rp 1.5t in 1999

Astra International earns Rp 1.5t in 1999 JAKARTA (JP): Publicly listed automotive giant PT Astra International said on Friday it registered net income of Rp 1.5 trillion last year (US$192 million at the current rate), compared to a net loss of Rp 3.7 trillion the previous year. It said last year's net income was the highest it achieved since it posted Rp 469 billion in 1996. Company president T.P.

KONI supports urine tests to detect illegal drugs use

KONI supports urine tests to detect illegal drugs use BOGOR (JP): The National Sports Council (KONI) will support sports organizations that undertake urine tests on athletes suspected of using illegal drugs. After witnessing the Thomas and Uber Cup teams simulation at the Padjadjaran Stadium on Thursday night the council's vice chairman, Arie Sudewo, said KONI and all its members had declared war against illegal drugs at the national plenary meeting in February.

IBRA wants 'fair' price for BCA public offering

IBRA wants 'fair' price for BCA public offering By Reiner S. SINGAPORE (JP): The Indonesian Bank Restructuring Agency (IBRA) wants to set a "fair" price for the landmark initial public offering of Bank Central Asia (BCA). The are doing so in order to help maintain a positive momentum for the country's future IPO or privatization programs, according to agency deputy chairman Jerry Ng.

Military to set up special administrative tribunal

Military to set up special administrative tribunal BANDUNG (JP): The Indonesian Military (TNI) will establish a special tribunal to handle cases relating to disputes between officers and their subordinates, TNI Deputy Chief of Staff Gen. Fachrul Rozi said. The establishment of the tribunal sometime this year is part of TNI's efforts to bolster legal reform within the institution, Fachrul said after opening the 27th regular course of the TNI Staff and Command School here on Friday.

Laksamana denies graft allegations

Laksamana denies graft allegations JAKARTA (JP): Laksamana Sukardi denied on Friday graft charges that cost him his post as state minister of investment and state enterprises development, and demanded that President Abdurrahman Wahid clear him of the allegations.

Public urged to accept new fares

Public urged to accept new fares JAKARTA (JP): Arguing a fare hike was unavoidable, Governor Sutiyoso appealed to residents on Friday to understand the city administration's decision to start implementing new bus fares on Sunday. "The city administration considered the hike very carefully in order not to overly burden the residents," he said at City Hall. "We, however, will be ready for any protests." He said the fare hike would provide benefits to the public in the long term.

'Time' gets award for RI coverage

'Time' gets award for RI coverage NEW YORK (AP): Time magazine has won an award from the Overseas Press Club for its coverage of Indonesia and East Timor. John Colmey, David Liebhold and Time's Asia staff won best magazine business reporting for writing about the fortune of deposed president Soeharto and his family.

Outdoor equipment shops flourish in Yogyakarta

Outdoor equipment shops flourish in Yogyakarta By Anis Suryani YOGYAKARTA (JP): The fast-growing adventure tours and sports industry in Yogyakarta has been accompanied by a mushrooming of shops selling outdoor equipment. Most of these shops are located near universities and high schools because students manage and organize many adventure groups. Currently, there are around 100 organizations dealing with adventure tours.

PT Newmont

PT Newmont Correction: A few words were inadvertently left out in the sixth paragraph of the letter PT Newmont responds of the April 28 edition. The paragraph should read "... nor do our ongoing community development programs and their associated budgets. None of the community development programs, the Yayasan or the monies that fund them will be controlled by the Bupati or the regional government". We apologize for the inconvenience caused. --Editor

Transparency and corporate governance in RI

Transparency and corporate governance in RI This is the second of two articles by Mark Baird, the World Bank's country director, based on a presentation on April 25 at the conference on freedom of economic information, held here among others by the LP3ES research group in cooperation with the Washington-based Center for International Private Enterprise.

RI wants talks with Australia, E. Timor

RI wants talks with Australia, E. Timor JAKARTA (JP): President Abdurrahman Wahid proposed on Friday a three-nation summit between Indonesia, Australia and East Timor to mend ties and create stability in the region. "I have proposed that on my way back from Canberra, we should meet either in Darwin, Dili or Kupang," the President told a news conference after a meeting with East Timor independence leader Jose Alexandre "Xanana" Gusmao at Bina Graha presidential office.

Angry university students burn senate hall

Angry university students burn senate hall JAKARTA (JP): Angry maritime engineering students of Dharma Persada University in Pondok Kelapa, East Jakarta, set on fire on Friday morning the student senate boardroom of the university's School of Engineering. "The maritime engineering students have been having this dispute with the engineering students since Thursday.

City to enforce lower private parking fees

City to enforce lower private parking fees JAKARTA (JP): Governor Sutiyoso insisted on Friday all privately managed parking lots must lower their parking fees in compliance with city regulations. "Private parking lot operators have to put up signboards informing residents about the new parking fees, which will come into effect on May 1," he said at City Hall. "We have a monitoring team to check on the placement of the signboards ....

Talk, talk and talk

Talk, talk and talk Instead of coming out with ways of solving the country's many pressing problems, President Abdurrahman Wahid and leaders of the House of Representatives ended up hurling accusations at each other in their latest round of consultations on Thursday. It is now clear that the controversy over the dismissal of two Cabinet ministers this week will take up the attention of our politicians in the days, weeks or even months to come.

Muniarsih reveals herselft in painting

Muniarsih reveals herselft in painting By Tjahjono EP YOGYAKARTA (JP): Verbal language is too limited to expressively reveal one's fantasies and impressions. The Bali-born painter I Gusti Ayu Kadek Muniarsih is trying to express her inner feelings and ideas by using languages of signs, symbols and colors in her figurative paintings currently exhibited at Galeri Seni Cemeti in Yogyakarta through May 14.

Where to go in Yogyakarta: Saturday, April 29, 2000

Where to go in Yogyakarta: Saturday, April 29, 2000 Exhibitions * Painting exhibition by Yaksa Agus, Bentara Budaya Yogyakarta, Jl Suroto 2 (phone: 0274-560404) April 25 - May 2. * Installation video exhibition: Evolution 2.0, Rotraut Pape, CCF French Cultural Center, Jl. Sagan 3 (phone: 0274-566520), May 1- 5. * Ceramics exhibition from the village of Bayat, Klaten, Central Java, Bentara Budaya, May 4-11. * Painting exhibition by Edi Hara, Bentara Budaya, May 13-20.

FPI members suspected behind attack on bar

FPI members suspected behind attack on bar JAKARTA (JP): City police detectives are investigating an act of vandalism which occurred on Thursday night in which a karaoke bar in Ciputat was seriously damaged and resulted in an attack on an officer of the Elite Police Mobile Brigade (Brimob). According to Jakarta Police spokesman, Lt. Col.

Less babies born in Singapore

Less babies born in Singapore SINGAPORE (AP): Singaporeans may be having fewer babies, but the number of educated women having children is on the rise, a health ministry official said on Friday. In 1987, 16,012 babies, or 38 percent of all babies born were of mothers with at least secondary education, meaning they have gone to school but not necessarily to university.

Fire devastates historical Pasar Gede in Surakarta

Fire devastates historical Pasar Gede in Surakarta SURAKARTA, Central Java (JP): Fire devastated Pasar Gede, the oldest traditional market in Central Java in the early hours of Friday morning, leaving more than 1,000 vendors jobless. No fatalities were reported in the blaze, but the losses resulting from the fire, which destroyed almost every building in the market, were estimated to be around Rp 10 billion. "The total losses are still being calculated.

Investors begin to turn to Asian high-grade bonds

Investors begin to turn to Asian high-grade bonds HONG KONG (Dow Jones): After months of wild swings in U.S. asset markets, Asian bond investors are feeling more than a little battered and bruised; the average spread on Asian sovereign bonds widened to a 12-month high of nearly 300 basis points over U.S. Treasurys in early April. But in recent weeks, with U.S.

Sion Church: Jakarta's oldest building

Sion Church: Jakarta's oldest building By Ida Indawati Khouw This is the 2nd article on old churches in Jakarta published in commemoration of Easter. It is also the 36th in a series of articles on old and protected buildings in the capital published every Saturday in The Jakarta Post.

Senate candidate gets two years

Senate candidate gets two years BANGKOK (AP): In a fresh sign that reforms to clean up politics are taking hold, a Senate candidate has been sentenced to two years jail for vote-buying, a court official said on Friday. But the verdict came amid growing reports of new poll abuses ahead of an election rerun ordered on Saturday for 78 Senate seats that were deemed to have been won by fraud in a first vote March 4.

UN: Volunteers need better networking to solve problems

UN: Volunteers need better networking to solve problems JAKARTA (JP): Better networking among organizations of volunteers is needed to share experiences to solve common problems such as funding and overlapping, activists said on Friday. Program officer of the United Nations Volunteers (UNV) Menchie O.

Indorayon warns govt to let it reopen or face lawsuit

Indorayon warns govt to let it reopen or face lawsuit JAKARTA (JP): Publicly listed pulp and fiber rayon firm PT Inti Indorayon has given the Indonesian government one week to allow the company to resume operations or face international arbitration. "If the government closed Indorayon without a due process of law, I would see that as the government's choice.

Low power supply causes blackout

Low power supply causes blackout PALEMBANG, South Sumatra: The recent blackout in some areas in South Sumatra and the neighboring provinces of Lampung, Bengkulu and Jambi was caused by an insufficient electric power supply, an official said here on Friday. The head of the regional office of state electricity company PLN serving the four provinces, Samsul Arifin, was quoted by Antara as saying that the inadequacy forced the company to schedule the blackout between 6 p.m. and 9 p.m.

Alinafiah: Pos Indonesia ready to end monopoly, face competition

Alinafiah: Pos Indonesia ready to end monopoly, face competition JAKARTA (JP): State-owned PT Pos Indonesia says it is ready to let go of its monopoly rights to deliver personal letters, postcards, and aerograms and face competition, including from courier companies. "PT Pos did not want the monopoly in the first place, it was the government's decision," Pos president Alinafiah said on the sidelines of a meeting of the Asperindo, the Indonesian association of courier companies, on Friday.

East Timorese man cleared of spying

East Timorese man cleared of spying KUPANG, East Nusa Tenggara: Police said here on Friday they did not have enough evidence to charge an East Timorese man with spying, Antara news agency reported. "He has been declared innocent because we have been unable to find enough evidence to indicate espionage," East Nusa Tenggara Police spokesman Capt. I Wayan Dana was quoted as saying.

Hobbled Yayuk carves out Fed Cup win

Hobbled Yayuk carves out Fed Cup win OSAKA, Japan (AFP): Asian Games singles champion Yayuk Basuki teamed up with Wynne Prakusya to clinch a 2-1 win over third seeds Taiwan and keep Indonesia's hopes alive in the Fed Cup tennis Asia Oceania Group One on Friday. The win left both Indonesia and Taiwan with three wins against one defeat in the pool B round robin. China tops the pool with four straight wins. Although they were beaten, Taiwan appeared confident of beating China.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Apr. 28, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,445.00 8,445.00 Australian dollar 1 4,383.62 4,976.64 Austrian schilling 1 492.30 558.73 Belgian franc 1 167.93 190.59 Brunei dollar 1 4,364.78 4,953.95 Canadian dollar 1 5,036.53 5,716.90 Swiss franc 1 4,309.45 4,890.55 Deutschemark 1 3,463.65 3,931.04 Danish krone 1 908.92 1,031.39 French franc 1 1,032.72 1,172.07 Poundsterling 1 11,711.73 13,291.59 Hong Kong dollar 1 955.

Cleansed royal heirlooms ward off evil

Cleansed royal heirlooms ward off evil By R. Agus Bakti YOGYAKARTA (JP): The Sura month, the first month in the Javanese calendar is considered sacred. The Javanese royal families usually hold a series of ceremonies to purify their priceless and royal heirlooms. One of the ceremonies is siraman kereta, the bathing of the ancient royal carriage, Kanjeng Nyai Jimat, one of the Yogyakarta court heritages, to spiritually cleanse it of any bad influences.

Over 20 people injured in train crash in South Jakarta

Over 20 people injured in train crash in South Jakarta JAKARTA (JP): At least 24 people were injured on Friday evening when a Jabotabek commuter train heading for Bogor careered into a Pakuan Express train, also Bogor-bound, between Manggarai and Tebet stations in South Jakarta. Head of state-owned PT Kereta Api Indonesia for the Jabotabek (Jakarta-Bogor-Tangerang-Bekasi) area Masjraul Hidajat said no fatalities had been reported and his office was still investigating the cause of the 6:00 p.m.

Yusril owns up to taking Rp 1b from Habibie

Yusril owns up to taking Rp 1b from Habibie JAKARTA (JP): Crescent Star Party (PBB) chairman Yusril Ihza Mahendra acknowledged on Friday accepting Rp 1 billion from then president B.J. Habibie to help finance the newly established party prior to the 1999 general election. Yusril said his party received a total of Rp 2.9 billion in financial assistance -- including Rp 1.57 billion in donations from supporters and the Rp 1 billion from Habibie -- since its founding in July 1998.

RI to join meeting on democracy in Warsaw

RI to join meeting on democracy in Warsaw JAKARTA (JP): Indonesia will participate in the international conference on "Toward a Community of Democracies" in Warsaw, Poland, on June 26 and 27. The new Polish Ambassador to Indonesia Krzysztof Szumski told the media on Friday night that Minister of Foreign Affairs Alwi Shihab was scheduled to be one of the main speakers in the conference, which will be attended by foreign ministers and high- ranking officials from about 100 countries.

PLN books net loss of Rp 11.3t this year

PLN books net loss of Rp 11.3t this year JAKARTA (JP): Cash-strapped state-owned electricity company PT PLN booked a net loss of Rp 11.3 trillion (US$1.4 billion) this year, up from Rp 9.5 trillion in 1998, PLN said on Friday. PLN's revenue, however, rose to Rp 15.6 trillion from Rp 13.7 trillion last year, the company said. PLN said soaring operation costs contributed to an increase in its operating losses this year, which stood at Rp 5.5 trillion compared to Rp 2.7 trillion last year.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on April 28, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 800 0 0 Adindo Foresta Indonesia 375 0 111,000 Alakasa Industrindo 650 25 6,500 Alfa Retailindo 800 -25 239,000 Alter Abadi 175 25 359,500 Alumindo Light Metal 1,150 25 5,000 Aneka Kimia Raya 275 -25 69,000 Aneka Tambang (Persero) 975 -25 250,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Govt and GAM to sign peace accord in Geneva

Govt and GAM to sign peace accord in Geneva JAKARTA (JP): State Minister of Human Rights Affairs Hasballah M. Saad said on Friday that an agreement would be signed in the next week with the Free Aceh Movement (GAM) "to resolve the Aceh issue". Hasballah would not go into detail on the proposed agreement, saying only that it would be signed before May 7 in Geneva, Switzerland. Further details of the agreement would be disclosed after the signing, Hasballah pledged.

Fake diesel made in Tanjung Barat

Fake diesel made in Tanjung Barat JAKARTA (JP): Residents of a neighborhood unit in the Tanjung Barat subdistrict of Jagakarsa, South Jakarta, alleged on Friday that a cooperative had long used a plot of land in the area to manufacture fake diesel. The cooperative is reportedly for upmarket customers. The residents alleged the owner of the business was a military-run cooperative. "I can't give you names.

Councilor to be questioned over attack on council

Councilor to be questioned over attack on council TANGERANG (JP): Local police are to question Tangerang Council speaker Gian Sugiharsono as the alleged mastermind behind Monday's attack on the council building, which resulted in two people, one a councilor, sustaining injuries. Tangerang Police chief Lt. Col. Pudji Hartanto told reporters on Friday his office sent a letter on Thursday to West Java Governor H.R.

Removal of Laksamana bad for RI

Removal of Laksamana bad for RI By Jeffrey A. Winters CHICAGO (JP): President Abdurrahman Wahid (Gus Dur) showed poor judgment when he fired Laksamana Sukardi from the Cabinet. No one can disagree that a president should be able to choose ministers he can work with and who can work with each other. This is surely a minimum requirement for effective governance. But ousting Laksamana was a mistake, and the way it was done was disgraceful.

A disappointing meeting

A disappointing meeting As had been expected, the meeting on Thursday between President Abdurrahman Wahid and the House of Representatives turned out to be not very productive, even though House members, particularly PDI Pejuangan and Golkar Party representatives, bombarded the President with pointed questions that gave the session a somewhat tense atmosphere.

KIA Motor eyes 10% of RI auto market

KIA Motor eyes 10% of RI auto market KUTA, Bali (JP): PT KIA Mobil Indonesia, the sole distributor of South Korean KIA Motors' products targets between eight and ten percent of Indonesian market annually. Company chief commissioner AM Hendropriyono briefed journalists here on Thursday evening that with the sales target his company would ship a total of 14,900 cars of various types from South Korea per year.

Panin Sekuritas floats shares

Panin Sekuritas floats shares JAKARTA (JP): PT Panin Sekuritas plans to float its shares on the Jakarta Stock Exchange in May to raise operating cash. The shares will be sold at between Rp 500 and Rp 600 each during the offering period between May 24 and May 26. The share listing will be on June 19, 2000. Panin Sekuritas -- which provides services in share brokering, underwriting and financial and investment advice -- booked a net profit of Rp 1.4 billion from Rp 14.6 billion in revenue in 1999.

Where to go in Jakarta: Saturday, April 29, 2000

Where to go in Jakarta: Saturday, April 29, 2000 Exhibitions * Sculpture Exhibition: Klein Plastiek, at Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5252321), 8 a.m. to 5 p.m., until May 20. * Paper and Signs Exhibition by Manuel Hernandez, at Galeri Nasional Indonesia, Jl. Medan Merdeka Timur 14, Gambir, Central Jakarta (Phone: 3813021, 34833954), 10 a.m. to 7:30 p.m., until May 4. * Painting Exhibition: Yogya! Yogya!, by Andree Suryaman, at Galeri Linggar, Jl.

Adventurous tour hits Yogyakarta

Adventurous tour hits Yogyakarta By Bambang Trisno and Anis Suryani YOGYAKARTA (JP): Have you had enough of "conventional" touring for your holidays? Turn to an adventurous picnic. It lifts up your spirit and doesn't cost that much money. Look at what some local travel agents have to offer. Kartika Trekking charges a mere Rp 20,000 to Rp 40,000 per person, depending on the number of participants, for a 30 kilometer fun walk.

Ra Kyung-min axed from S. Korean Uber Cup team

Ra Kyung-min axed from S. Korean Uber Cup team JAKARTA (JP): South Korea surprisingly excluded women's and mixed doubles specialist Ra Kyung-min from the Uber Cup team despite her contribution in the qualifying round in New Delhi in February. A release from the International Badminton Federation (IBF) on Thursday did not state a reason for Ra's exclusion.