Indonesian Political, Business & Finance News

Archive: 10 May 2000

51 articles found

Police arrest four students for murder

Police arrest four students for murder JAKARTA (JP): South Jakarta Police detectives have arrested four senior high school students in the past two days over the killing of another student, Leo Henriyanto, 18, during a brawl on Saturday, a police officer said on Tuesday. The officer, who refused to be named, identified the four as Agus Riyadi and Supriyatna, both students at STM Bhakti senior technical high school in East Jakarta, Ahmad Lutfi, alias Ciney, and Dominique, alias Dumay.

Independence lost?

Independence lost? From Panji In any political structure it is common to see intellectuals join the ruling regime. In the Sukarno era this phenomenon was quite evident, as the intellectuals were generally involved in and became part of the revolution. In fact, Sukarno and Moh. Hatta were themselves genuine intellectuals. All the intellectuals had excellent practical political capabilities, because they previously had much experience in organizational affairs gained during their campus life.

Investment in forestry, plantations at zero level

Investment in forestry, plantations at zero level JAKARTA (JP): Virtually no new money has entered the forestry and plantation sectors the past two years because potential investors have been frightened off, an executive said on Tuesday. Agribusiness Club secretary-general Tony Kristanto said the country's questionable security and the government's unfavorable investment policies combined to make investors hesitant to enter these sectors.

Misery of Kedungombo villagers lingers

Misery of Kedungombo villagers lingers By Kartika Bagus C. KEDUNGOMBO, Central Java (JP): A five-by-two meter motorboat carries two elderly women across the vast Kedungombo reservoir. Two men sitting opposite them chat and occasionally puff on their kretek cigarettes. Birds circle above a tall tree standing in the middle of the reservoir. After a 20 minute ride, the boat lands at Kedungpring village, which has only a handful of houses left.

Honoring contracts

Honoring contracts President Abdurrahman Wahid's reaffirmation on Monday of the Indonesian government's full commitment to honor contracts with international companies seems designed to assuage the fears of investors pending the decentralization of political and fiscal authority to the provinces and districts early next year. Many resource-based ventures, notably mining and plantation operations outside Java, have become frequent victims of harassment at the local level.

Political discord 'hampers business'

Political discord 'hampers business' JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) urged politicians and the government on Tuesday to enhance political stability by not exaggerating political differences. Kadin chairman Aburizal Bakrie said the highest concern of the business community at present was that of political stability.

Draft bill on regional autonomy under fire

Draft bill on regional autonomy under fire JAKARTA (JP): The government's draft regulation on regional autonomy sparked severe debate here on Tuesday as legislators and experts criticized its failure to delegate enough authority to the regions. Oesman Sapta, chairman of the 65-member Regional Representatives Forum (FUD) at the People's Consultative Assembly (MPR), charged that the provisions in the draft regulation were not in line with the 1999 law on regional autonomy.

Golden Truly closes earlier than scheduled

Golden Truly closes earlier than scheduled JAKARTA (JP): PT Bima Nuansa Cempaka, the parent company of the Golden Truly department store chain, has closed its outlet on Jl. Fatmawati in South Jakarta some weeks earlier than a May 31 agreement. The sudden closure on May 4 of the Fatmawati Golden Truly, without prior notice, disappointed its 200 staff and dozens of customers, who were stunned and upset when they arrived at the padlocked store up to a number of days after the closure.

Acehnese to hold mass prayer ahead of peace accord

Acehnese to hold mass prayer ahead of peace accord BANDA ACEH, Aceh (JP): Classes will be suspended across strife-torn Aceh on Friday while students and teachers gather together for mass prayers ahead of the signing of a memorandum of understanding between the government and the Free Aceh Movement (GAM) in Geneva. The head of the province's Ministry of National Education office, A.

Problems facing teachers greater than low pay alone

Problems facing teachers greater than low pay alone By Mochtar Buchori JAKARTA (JP): The teachers' demand for a salary increase is only one aspect of a greater problem. Their grievance does not come only from their meager salaries, but from the loss of their professional dignity and social standing. Since the mid-1960s their standing within society has declined gradually, and it seems to have reached its lowest point this year.

Bank consortium to help export-oriented firms

Bank consortium to help export-oriented firms JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan said on Tuesday the government planned to set up a consortium of two state and seven foreign banks to provide financing facilities for export-oriented firms. Luhut said state Bank Mandiri and Bank Negara Indonesia 46 (BNI) would be part of the consortium, with Mandiri expected to be the lead arranger.

Two RI players on top in JAPFA Open

Two RI players on top in JAPFA Open JAKARTA (JP): International Master (IM) Danny Juswanto and IM Cerdas Barus are two Indonesian chess players who stayed in the top position with 6 match points (MP) at the JAPFA International Open 2000 tournament in the Grand Bali Beach Hotel, Sanur, Bali.

Marsinah's death remembered

Marsinah's death remembered SURABAYA: About 100 activists from the Workers-People Society movement staged a drama in front of Brawijaya Military Command on Monday in commemoration of the murder of labor activist Marsinah. The group demanded a thorough investigation into the murder, which it is alleged involved several military members. "We want the case to be solved once and for all. We want an explanation," said Yudho, an activist.

Tutut sues 11 banks for loan delay

Tutut sues 11 banks for loan delay JAKARTA (JP): The eldest daughter of former president Soeharto Siti Hardiyanti Rukmana, also known as Mbak Tutut, is demanding that 11 local banks pay her company US$55 million in compensation due to a delay in the disbursement of loans.

Police probe supermarket attack

Police probe supermarket attack JAKARTA (JP): South Jakarta Police detectives are investigating Monday's night attack on a supermarket in Kebayoran Lama allegedly by 50 military men. South Jakarta Police chief of detectives Maj.

RI boys team lose to Korea in NEC opener

RI boys team lose to Korea in NEC opener JAKARTA (JP): Indonesia's under-16 tennis team lost to South Korea 1-2 in its opening group one match in the qualifying round in the Asia/Oceania zone of the NEC World Youth Cup on Tuesday. Indonesia's first singles player Naharudin was powerless to stop South Korean Kim Seung-jin and bowed out in straight sets 6- 7 (4-7), 3-6. Second singles Eko Kurniawan failed to earn a point for his country, giving up to Lee Seung-joo 4-6, 2-6.

JSX told to provide more evidence on Lippo e-Net

JSX told to provide more evidence on Lippo e-Net JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has asked the management of the Jakarta Stock Exchange (JSX) to provide more evidence on alleged misleading information given by publicly listed PT Lippo e-Net. "We want clarification from the JSX about what specific capital market rules have been breached (by Lippo e-Net)," head of the company financial assessment bureau at Bapepam Freddy Saragih said on Tuesday.

Maskapai Reasuransi's profit down

Maskapai Reasuransi's profit down JAKARTA (JP): PT Maskapai Reasuransi Indonesia Tbk, a publicly listed reinsurance company, reported on Tuesday a 40 percent drop in net profits to Rp 2.75 billion (US$35,000) in 1999 from Rp 4.55 billion in 1998. Company president R.A. Wuwungan said the lower profit was due to a drop in premium and investment income amid a slowdown in the country's economy.

Govt, Marubeni to split Chandra Asri 80%:20%

Govt, Marubeni to split Chandra Asri 80%:20% JAKARTA (Dow Jones): After long and tedious negotiations, the Indonesian government and Japan's Marubeni Corp. (J.MRB) have agreed in principle to split PT Chandra Asri Petrochemical Center's equity 80 percent: 20 percent, a government official said on Tuesday. The split is part of the solution to restructure the company's debt totaling around US$1.05 billion.

Tangerang council fires speaker and deputies

Tangerang council fires speaker and deputies TANGERANG (JP): A plenary session held by 35 legislators of Tangerang Council on Monday dismissed speaker Gian Sugiharsono and three of his deputies following a mob attack at the council building two weeks ago. Gian had been accused of masterminding the attack, which left at least one councillor and one attacker injured.

Residents seek help

Residents seek help BANDUNG: Hundreds of Tenjolaut and Cikalong villagers went to the provincial legislature on Monday to protest alleged intimidation by state-owned tea plantation company PTPN VIII Panglejar in a land dispute. The villagers, accompanied by several students, said they could no longer stand the terror and intimidation which they believed was being committed by a group of thugs hired by the firm's management.

Private parking lot operators balk at new rates

Private parking lot operators balk at new rates JAKARTA (JP): A lawyer for the Communication Forum for Private Parking Operators (FKPPS) insisted on Tuesday the group would sue the city if it held to a plan to seal private parking lots which did not comply with a new rate structure. "We'll file a lawsuit against the city administration at the Jakarta State Administrative Court if it insists on closing down the parking lots," the forum's lawyer, Purbadi Hardjoprajitno, said in a media conference.

Indonesia yet to have democratic culture

Indonesia yet to have democratic culture By Cornelis Lay The following article is based on a paper presented at a conference on Europe, East Timor and Indonesia in Bogor on May 2, 2000. This is the first of two articles. BOGOR: After the fall of Soeharto, most Indonesians agreed that general elections were the only way to restore trust and political legitimacy.

Traveling councillors told not to visit Israel

Traveling councillors told not to visit Israel JAKARTA (JP): City Council Speaker Edy Waluyo has instructed 12 members of Commission C for financial affairs, who are on an overseas trip financed by the city budget, to cancel their visit to Israel, a senior councillor said on Tuesday. Councillor Tadjus Sobirin quoted Edy as saying that the order was mainly based on the absence of diplomatic ties between Indonesia and Israel.

Government wants jihad force to leave Maluku

Government wants jihad force to leave Maluku JAKARTA (JP): The government said on Wednesday it wanted all Laskar Jihad (Jihad Force) Muslim group members to leave Maluku because their presence would only worsen the fragile situation in the riot-torn region. Acting Coordinating Minister for Political Affairs and Security Lt. Gen. (ret) Surjadi Soedirdja described the group's intention as to "cause trouble".

Bank bailouts in Asia add to bond market woe

Bank bailouts in Asia add to bond market woe CHIANG MAI, Thailand (Dow Jones): Bank bailouts in Asia in the past few years have prompted an explosion of bond issuance, which threatens to compound the problem of underdeveloped debt market mechanisms, according to analysts and some government officials. Indonesia, for example, has exchanged Rp 573 trillion (US$71.2 million) of new five- and 10-year government paper with banks in order to buy bad loans off their books.

Military welcome Papuan rights body

Military welcome Papuan rights body JAYAPURA, Irian Jaya: The National Commission on Human Rights' (Komnas HAM) plan to open a branch office here has received support, including from military authorities. Irian Jaya Military commander Maj. Gen. Albert Ingkiriwang said over the weekend he had met with the Institute for Human Rights Studies and Advocacy (IHRSTAD) over the matter. "I have urged Albert Hasibuan to realize the plan at once," he said, referring to the commission's secretary general.

Twists of fate for Sukarno, Soeharto

Twists of fate for Sukarno, Soeharto From Media Indonesia I refer to Media Indonesia's report on May 6 headlined Relatives continue to take care of former president Soeharto. I am prompted to make a short comment on the similarities and the differences in treatment of the country's first president, Sukarno, and second president Soeharto, and on their respective fates. The similarities are that both reigned a long time, and both were toppled by student demonstrations.

On signing of MOU

On signing of MOU The Indonesian government announced that on May 12 or May 13 a memorandum of understanding (MOU) will be signed between the Indonesian government and the Free Aceh Movement (GAM) in Geneva. Signing for Indonesia will be Indonesian Ambassador Hasan Wirayuda, and somebody called Zaini Abdullah will represent GAM. This looks like a signing ceremony involving two sovereign countries, taking place in a neutral foreign country.

At least 30,000 quake refugees badly treated

At least 30,000 quake refugees badly treated MAKASSAR, South Sulawesi (JP): At least 30,000 people rendered homeless by last week's earthquake in Central Sulawesi have insufficient food and water. Meanwhile, the death toll reached 46 on Tuesday. Disrupted roads and communication failures have hampered the delivery of food and medicine for the refugees and quake survivors in isolated areas.

Where to go in Surabaya:

Where to go in Surabaya: Performances * Ensemble Concerts, at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 5454333): Dutch musicians, 8 p.m. to 9 p.m., May 10. Midas Ensemble by Clara de Vries, Gerard Zuyderhoff, Steven Faber, 7:30 p.m., May 19. * Oranje First Annual Choir Competition, at Balai Adika Balroom, Hotel Majapahit, Mandarin Oriental, 6 p.m. to 9 p.m., May 25 and June 8. Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl.

Prabowo suggests supervision of intelligence

Prabowo suggests supervision of intelligence JAKARTA (JP): Lt. Gen. (ret) Prabowo Subianto made his first public appearance here in nearly two years, proclaiming he was back for good and suggesting that the legislature keep a close eye on intelligence operations to prevent their exploitation for certain political interests.

C&C eyes more Astra shares

C&C eyes more Astra shares SINGAPORE (Dow Jones): Singapore's Cycle & Carriage Ltd. confirmed Tuesday that it is in discussions with Lazard Fund Asia to buy a 4 percent stake, or 103 million shares, which Lazard holds in Indonesia's PT Astra International. "Lazard has indicated in writing that it wants to sell its stake in Astra and we are in discussions with them," said Neville Venter, finance director of Cycle & Carriage. Cycle & Carriage currently has a 23 percent stake in Astra.

Soeharto had no intention of creating July 1996 unrest: Soeyono

Soeharto had no intention of creating July 1996 unrest: Soeyono JAKARTA (JP): Unlike other retired generals who have testified against former president Soeharto, former Armed Forces (ABRI) chief of general affairs Lt. Gen. (ret) Soeyono said on Tuesday that the country's former strongman did not have a part in the July 27, 1996 violence. "It was not his (Soeharto's) intention to cause the July 27, 1996 unrest. I followed him for four years... I know his body language.

Cigarette makers defy regulation, activist says

Cigarette makers defy regulation, activist says JAKARTA (JP): Cigarette manufacturers remain defiant of government regulations enacted to curb the hazardous content of their products, a medical association activist said on Tuesday. Chairman of the Indonesian Doctors Association (IDI) Merdias Almatsier said that cigarette producers had been using irrational excuses not to comply with government regulation No.

Principal elects new chief

Principal elects new chief JAKARTA (JP): Principal Indonesia, a member of the Principal Financial Group, announced on Tuesday changes in its board of directors. The company said Jeffrey P. Newnam, who was previously vice president, was named president of the company, replacing F. Dough Rasmussen. Rasmussen assumes a new assignment at Principal's head office in Des Moines, the United States. Iskandar Sutadisastra remains in his position as vice president as does Rudi Kamdani as director.

Tancho share issuance set

Tancho share issuance set JAKARTA (JP): PT Tancho Indonesia, a publicly listed producer of cosmetics, perfumes and plastic goods, plans a share issuance later this month to raise funds to finance the construction of a plastic package factory. The company said it expected to raise about Rp 78 billion (about US$10 million) in cash from the sale of 78 million new shares in the rights issue.

Sarwono sets terms for lease of Indonesian islets

Sarwono sets terms for lease of Indonesian islets JAKARTA (JP): Foreign investors wishing to lease islets in Indonesian waters must comply with conservation standards and their businesses have to be community-based, Minister of Maritime Exploration Sarwono Kusumaatmaja said on Tuesday. "Small islands are rich (in resources), but they are vulnerable. A small mistake could mean an island's destruction," Sarwono said after opening a communications forum to promote his ministry's programs.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 09, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 725 0 1,000 Adindo Foresta Indonesia 400 -25 715,000 Alakasa Industrindo 1,300 250 69,500 Alfa Retailindo 900 -25 393,000 Alter Abadi 175 -25 45,000 Alumindo Light Metal 1,225 -25 159,500 Aneka Kimia Raya 325 -25 89,000 Aneka Tambang (Persero) 1,075 -25 592,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Criticism pours in over role of 'Banser'

Criticism pours in over role of 'Banser' JAKARTA (JP): The manner in which Nahdlatul Ulama (NU) civilian guards settled a dispute over an alleged slanderous report run by the Surabaya-based Jawa Pos daily has served a notice to the future of democracy in the country, observers warned on Tuesday. Minister of Defense Juwono Sudarsono urged political parties as well as mass organizations to control their affiliated civilian task forces and to take off their military-style uniforms if necessary.

EU wins RP assurance on safety of hostages

EU wins RP assurance on safety of hostages MANILA (AFP): European Union envoy Javier Solana said on Tuesday he won a guarantee from President Joseph Estrada that the Philippines will seek a peaceful solution to a 16-day old international hostage crisis involving seven Europeans and 14 other captives.

UMNO may suffer same fate as Kuomintang: Mahathir

UMNO may suffer same fate as Kuomintang: Mahathir KUALA LUMPUR (AFP): Malaysia's ruling party will suffer the fate or Taiwan's Kuomintang or India's Congress unless it heeds the "wake-up call" given by last November's general election, Prime Minister Mahathir Mohamad said on Tuesday. "1999 holds an important lesson for us.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on May 9, 2000: Bank notes rates Buying Selling Rp Rp U.S.

Petisi 50 group warns of New Order regime elements

Petisi 50 group warns of New Order regime elements JAKARTA (JP): After two decades of opposition, the Petisi 50 (Petition 50) group was unrelenting on Tuesday, marking its anniversary with a strong warning that allies of its old foes, the New Order regime, were still threatening democratization.

Qantas, BA have new boss

Qantas, BA have new boss JAKARTA (JP): Qantas and British Airways announced on Tuesday the appointment of John Campbell as new general manager to oversee the two airlines' joint operation in Indonesia. The airlines said Campbell previously served as general manager for Qantas' operations in Switzerland and East Europe. Campbell said in a statement he aimed to expand the two airlines' businesses in Indonesia and help promote the country's tourism sector by bringing visitors here.

A stable Indonesia vital for Southeast Asian security

A stable Indonesia vital for Southeast Asian security By Paul Dibb This is the second of two articles based on a paper presented at an international conference recently held in Bogor, co-hosted by the Jakarta-based Research Institute for Peace and Democracy. BOGOR: One way to avoid a dangerous struggle for power among the major powers is to strengthen the multilateral organizations that deal with peace and security in the Asia-Pacific.

Denmark, China self-assured of Thomas Cup spot

Denmark, China self-assured of Thomas Cup spot By Primastuti Handayani KUALA LUMPUR (JP): Denmark and China are quietly confident of their chances of winning the Thomas and Uber Cup championships at the Putra Indoor Stadium here. Danish men's singles Peter Gade Christensen said on Tuesday that his team had a chance, despite the fact that Indonesia and China were favorites. "If everybody is playing really well, we have a better than ever chance. We have the spirit from the beginning.

Bhinneka Sritex to question basketball body's sanction

Bhinneka Sritex to question basketball body's sanction JAKARTA (JP): The Indonesian Basketball Association (Perbasi) sanctioned Surakarta-based Bhinneka Sritex on Tuesday after it walked of court during a match against Aspac in the final of the A Mild Kobatama basketball tournament.

Mia Audina now a Dutch citizen, coach says

Mia Audina now a Dutch citizen, coach says KUALA LUMPUR (JP): Indonesian-born women's singles player Mia Audina became a Dutch citizen in early April, the Netherlands' head badminton coach said on Tuesday. "As soon as she arrived, we requested citizenship for her," Martijn van Dooremalen said during his team's practice session for the Thomas and Uber cups at the Putra Indoor Stadium here. "Mia gained her citizenship early April.

Man killed by mob on ship

Man killed by mob on ship JAKARTA (JP): Angry passengers onboard the KM Bukit Siguntang mobbed a man to death on Tuesday after he was caught stabbing the ship's security guard two hours before it reached Tanjung Priok Port. A source at Tanjung Priok Police (KP3) identified the dead suspect as Tareka. The security guard was identified as Budi Siswanto. "Budi is currently in Pelni Petamburan Hospital. We cannot question him until he has recovered.

Marzuki to submit written testimony at 'Time' hearing

Marzuki to submit written testimony at 'Time' hearing JAKARTA (JP): Attorney General Marzuki Darusman will give his written testimony in the hearing of a legal dispute between New York-based Time magazine and former president Soeharto next week, the magazine's lawyer said on Tuesday.