Indonesian Political, Business & Finance News

Archive: 19 May 2000

56 articles found

Mob attacks three Metro Minis

Mob attacks three Metro Minis JAKARTA (JP): Galur residents in Kemayoran, Central Jakarta, vandalized three Metro Mini public minibuses on Wednesday evening after another minibus ran over a local in the morning, police said on Thursday. "The incident happened at about 7:45 p.m. when some 100 angry residents damaged three passing minibuses serving the route of Tanjung Priok in North Jakarta to Kemayoran in Central Jakarta," city police spokesman Lt. Col. Zainuri said.

27 killed at fresh Ambon violence

27 killed at fresh Ambon violence AMBON, Maluku (JP): Sectarian clashes continued in Ambon on Thursday, bringing the death toll to 27 since violence first re- erupted on Tuesday. Six people were killed on Thursday when mobs rampaged through Ahuru subdistrict, five kilometers east of here, burning the Waihoka community health post, the Petra church and dozens of houses in the area. Ahuru is a hilly area which separates Muslim and Christian communities.

Hotel opts for in-house meals

Hotel opts for in-house meals JAKARTA (JP): The management of Bumi Karsa Hotel in South Jakarta has decided to discontinue all outside catering services after food poisoning forced dozens of participants in two training sessions to be rushed to hospital on Tuesday. "We have since then decided to cut all the catering services.

RI forex reserves fall

RI forex reserves fall JAKARTA (JP): The country's net foreign exchange reserves declined US$215.3 million to $18.05 billion in the week ending May 15. Bank Indonesia said in its latest weekly report that the decrease was mainly due to the repayment of the country's sovereign debts and financial charges paid to the International Monetary Fund. The central bank said the country's gross foreign exchange reserves also decreased by $227.10 million to $29.25 billion. The monetary base increased Rp 2.

Indonesia, Denmark have equal chances

Indonesia, Denmark have equal chances KUALA LUMPUR (JP): Indonesia will battle against Denmark for the last ticket to the final of the Thomas Cup championships at the Putra Indoor Stadium here on Friday. However, both teams seem unsure of their chances, saying it will be a very open and tough match as each has its own advantage and disadvantage.

Soldiers get jail terms for Aceh killings

Soldiers get jail terms for Aceh killings BANDA ACEH, Aceh (JP): A joint military-civilian court sentenced on Wednesday 24 Indonesian Military (TNI) soldiers and one civilian to prison terms ranging from 8.5 to 10 years for last year's mass killings at a West Aceh boarding school. Critics, however, were quick to criticize the verdict, saying it excluded the real culprits and that the trial itself was chiefly a public relations exercise.

Lack of political support blamed for economic woes

Lack of political support blamed for economic woes JAKARTA (JP): A senior economist on Wednesday blamed failing political support for the government's coalition cabinet as being the main factor in the deterioration of the country's economic recovery process. Noted economist and head of the National Economic Council (DEN) Emil Salim said that Indonesia's economic recovery was already on the right track before political pressure against President Abdurrahman Wahid mounted.

Deadline set for Dharmala

Deadline set for Dharmala JAKARTA (JP): The Jakarta Commercial Court gave on Wednesday two more weeks to listed holding company PT Dharmala Sakti Sejahtera to restructure US$180 million in debts with its creditors or face a bankruptcy verdict. "The majority of creditors will decide by the end of May whether to approve Dharmala Sakti's debt restructuring proposal," Judge Syamsudin Manan Sinaga said, adding that a rejection would send the company to a bankruptcy status.

Police officers deployed on trains

Police officers deployed on trains BANDUNG: In a bid to improve security aboard trains, Bandung's office of the state railway company PT KAI has stationed two Mobile Brigade police officers in every coach of trains departing from Bandung station, starting from Thursday.

Three arrested for burglaries

Three arrested for burglaries BOGOR (JP): Three men were arrested for a series of robberies on bungalows and villas in the hilly resort area of Puncak on Wednesday, police announced on Thursday. Bogor Police chief Lt. Col. Ade Husen Kartadipura told reporters on Thursday that the three, identified as Misbach, Surip and Ade, were picked up at their residences in a silent operation led by First Lt. Ogiyanto. "Misbach and Surip were arrested at about 4:00 a.m.

Navy ship collides with freighter in Java sea

Navy ship collides with freighter in Java sea SURABAYA (JP): One person is missing after the Pulau Ratewo warship collided with the Iris Masaudi freighter in Karang Jamuan waters off Gresik, East Java, on Tuesday, witnesses said on Thursday. Tanjung Perak Port Police chief Lt. Col. Widjaja Purbaja confirmed the incident, but declined to elaborate. The reports claim the missing person is a crew member of the naval warship, while 54 other crew members are safe.

Strengthening the rupiah

Strengthening the rupiah We welcome the President's instruction for finance minister Bambang Sudibyo to take the necessary steps and evaluate once again the possible effects that the declining value of the rupiah could have on the state budget. Such measures could at least help us to anticipate further falls in the rupiah's value against the U.S. dollar.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 17, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 725 0 0 Adindo Foresta Indonesia 400 50 507,000 Alakasa Industrindo 1,000 0 0 Alfa Retailindo 875 75 513,500 Alter Abadi 150 -25 15,000 Alumindo Light Metal 1,100 25 52,500 Aneka Kimia Raya 300 -25 133,000 Aneka Tambang (Persero) 1,050 25 915,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Deliberation of bill on Banten province postponed

Deliberation of bill on Banten province postponed JAKARTA (JP): The government and the House of Representatives agreed to postpone deliberation of the bill on Banten province as they work to resolve "technical hurdles". Speaking before a House special committee that is currently deliberating the bill, Home Affairs Minister Surjadi Soedirdja said the postponement was pending approval from the West Java provincial administration and the Banten Regional Autonomy Advisory Board (DPOD).

LoI signing moved after press boycott

LoI signing moved after press boycott JAKARTA (JP): A boycott by Palace journalists protesting coverage restrictions forced the signing of the Letter of Intent between the International Monetary Fund (IMF) and the government to be moved from its original venue at Bina Graha Presidential Office on Wednesday.

KL condemns Rais over Anwar case

KL condemns Rais over Anwar case KUALA LUMPUR (AFP): Malaysia hit back on Thursday at "offensive" criticism by Indonesia's top legislator of the treatment of Anwar Ibrahim. Foreign Minister Syed Hamid Albar said the criticism by Amien Rais of the treatment of the jailed Malaysian ex-deputy premier also violated the ASEAN spirit of non-interference in members' internal affairs.

Vendors of pirated VCDs say police's raid was unjust

Vendors of pirated VCDs say police's raid was unjust JAKARTA (JP): Pirated Video Compact Disc (VCD) vendors questioned the police over a raid conducted last Saturday, saying they were being treated unjustly. Several VCD vendors were in the area to observe the parking lot in front of the Harco electronics building in Glodok where they used to run their business, hoping that they could resume their activities there.

Kartini's freedom

Kartini's freedom From Gamma The demands and hopes from many circles that Kartini Binti Karim, an Indonesian migrant worker spared from being stoned to death for suspected adultery, have been fulfilled. The Council of Judges of Fujairah Court, United Arab Emirates, declared Kartini free. In this context, Legal Aid Institute-Association of Women for Justice (LBH-APIK) highly appreciates the Indonesian government for its noble work.

Memorandum of economic and financial policies

Memorandum of economic and financial policies The government signed a new letter of intent with the International Monetary Fund (IMF) on Wednesday May 17, 2000. The agreement is expected to free US$400 million in blocked IMF support funds by early June. Following is the full text of the agreement (the text with tables and boxes of the agreement are available at The Jakarta Post website: www.thejakartapost.com). I. Introduction 1.

Customs seizes sex toys at Soekarno-Hatta Airport

Customs seizes sex toys at Soekarno-Hatta Airport TANGERANG (JP): Customs and Excise officers at Soekarno-Hatta International Airport have recently foiled a series of attempts to smuggle sex toys and Viagra pills into the country, an official said on Wednesday.

JIEP expects high occupancy rate this year

JIEP expects high occupancy rate this year JAKARTA (JP): State owned PT Jakarta Industrial Estate Pulogadung (JIEP) expects a stable occupancy rate this year despite negative reports on the country's investment climate. JIEP president Otje Soetoto said here on Wednesday that he was optimistic that the unfavorable reports regarding Indonesian investment would not really hurt investors confidence.

Ratna's 'Alia' puts human face on Aceh's tragedy

Ratna's 'Alia' puts human face on Aceh's tragedy By Rita Sri Hastuti JAKARTA (JP): White ropes hung down from the ceiling, separating the stage and the audience at Graha Bhakti Budaya at Taman Ismail Marzuki Cultural Center (TIM). The black cloth around the stage radiated a sense of grief. Sorrow and sadness were the dominant themes from May 12 to May 17 in Teater Satu Merah Panggung.

Thai, KL sign cooperation pact

Thai, KL sign cooperation pact BANGKOK (AFP): Thailand and Malaysia signed on Thursday a new cooperation agreement which replaces a 20-year-old pact and addresses sticky issues including the border fence and new checkpoints. The "in principle" agreement was signed here at the annual meeting of the general border committee by Thai Prime Minister and Defense Minister Chuan Leekpai and Malaysia's Defense Minister Najib Tun Razak. Thailand's Maj. Gen.

Observers warn against increase in 'bad journalism'

Observers warn against increase in 'bad journalism' JAKARTA (JP): Observers and veteran journalists warned here on Tuesday against an increase in "bad journalism", and called on the media to regulate itself in upholding professionalism and its code of ethics. Speaking at a seminar on the media, Southeast Asia Press Alliance deputy chairman Lukas Suwarso said unprofessional journalism was a result of an "excess" of the country's newfound freedom and openness.

Moral appeals won't stop spread of AIDS: Activist

Moral appeals won't stop spread of AIDS: Activist JAKARTA (JP): Graphic campaigns promoting condom use to prevent the spread of HIV/AIDS have failed to change sexual behavior, an expert said. Publisher of the Jakarta-based journal WartAIDS Chris W. Green told The Jakarta Post on Wednesday that "if there was a reason not to use condoms, then people will use that reason".

Dibyo grilled over July 27 case

Dibyo grilled over July 27 case JAKARTA (JP): Former National Police chief Gen. Dibyo Widodo appeared at his former office on Wednesday for questioning as a witness in the forcible takeover of the Indonesian Democratic Party (PDI) headquarters on July 27, 1996. "I was responsible for security during the July 27 incident. The National Police had to secure the area around the PDI headquarters (on Jl.

PSN plans listing on local stock exchanges

PSN plans listing on local stock exchanges JAKARTA (JP): Satellite communications provider PT Pasifik Satelit Nusantara (PSN) said on Wednesday it would list its shares on the Jakarta or Surabaya stock exchange after completing a debt-restructuring program with the Indonesian Bank Restructuring Agency (IBRA). PSN's president, Adi R.

New Order's responsibility

New Order's responsibility From Tajuk The share of the same fate under foreign colonization in the past caused all existing ethnic groups in Indonesia to unite to establish the Republic of Indonesia. That happened at the beginning of the nation's struggle for freedom. As time went by, the sense of one nation and unity began declining, resulting from a gap and discriminative treatment done by the central government toward the provinces. This state of affairs prevailed during the New Order era.

Jasindo aims to boost retail market revenue

Jasindo aims to boost retail market revenue JAKARTA (JP): State-owned general insurance firm PT Asuransi Jasa Indonesia (Jasindo) said on Wednesday that it would raise its retail-driven revenue to 20 percent from last year's 8 percent. Jasindo spokesman Reni Rizal said the target was part of the company's strategy to focus more on its retail market. "We began to realize the huge potentials of the retail market," Reni said at a press meeting.

JAPFA wins chess tourney

JAPFA wins chess tourney JAKARTA (JP): JAPFA chess team of Surabaya beat Bali Jeff team of Bali 3-1 to claim the 2000 Indonesian chess league title at Novotel Surabaya on Wednesday. JAPFA pocketed Rp 8 million and Bali Jeff Rp 6 million.

Detectives sent to East Java for murder probe

Detectives sent to East Java for murder probe JAKARTA (JP): Tanjung Duren Police in West Jakarta has sent a team of detectives to East Java cities in search of a suspect, who allegedly stabbed to death a maidservant in an empty house and stole motorcycle on Wednesday morning. Tanjung Duren police chief of detectives First. Lt. Mulyanto identified the dead woman as Mumun, 23, who had worked for more than five years for the family of Loh Mulyadinata, 44, whose motorcycle was stolen.

Pirated VCD producers should be tried: Judge

Pirated VCD producers should be tried: Judge JAKARTA (JP): Pressure is mounting on the police to put producers and key distributors of pirated video compact discs (VCDs) on trial amid rampant VCD piracy. West Jakarta District Court spokesman Sri Handojo said the district court tried many cases involving VCDs, but the trials did not touch on distributors and producers. "We have prosecuted several street vendors selling pirated VCDs several times.

False story

False story In the Sunday (April 9, 2000) edition, under Travel & Leisure you published a story Tropical winery contends with fungi, religious riots, which misreported that Hatten Wines of Bali is "The only winery in the world's largest Muslim nation ..." Perhaps your reporter imbibed too much of the Hatten grape, for his story is absolutely untrue. Banyu Sakti sells a drinkable (if not fameux) red wine called Indigo, made from Isabella grapes from the North Bali.

Wanaartha eyes lower end of market

Wanaartha eyes lower end of market JAKARTA (JP): PT Asuransi Jiwa Adisarana Wanaartha plans to increase its share in the Indonesian life insurance market by targeting middle-to-lower income groups, with the help of PT Pos Indonesia and Bukopin Bank. The company, also known as Wanaartha Life, signed separate agreements on Wednesday with state-owned PT Pos Indonesia and Bukopin Bank allowing it to use their extensive networks of branches in Indonesia through which customers could pay premiums.

IBRA critisizes Jakarta Commercial Court

IBRA critisizes Jakarta Commercial Court By Wachyudi Soeriaatmadja JAKARTA (JP): Seemingly confused, the Indonesian Bank Restructuring Agency (IBRA) has voiced concerns against 'funny' verdicts made by the Jakarta Commercial Court in bankruptcy cases filed by the agency against recalcitrant debtors. "The point is not that the creditor always has to win the case, but legal certainty is at stake here," IBRA legal head Agustus Sani Nugroho said on Wednesday.

Political gestures vital to calm the market

Political gestures vital to calm the market The Central Bureau of Statistics (BPS) revised downwards on Monday its projection regarding Indonesia's economic growth this year, from about 4 percent to 1.5 percent, due to continuing political instability. Secretary of the National Economic Council (DEN) Sri Mulyani Indrawati disagrees with the BPS projection. Question: What do you think about the BPS downward projection?

RP storm claims four lives

RP storm claims four lives MANILA (AFP): Four people were killed on Thursday and 12,500 were displaced as a storm battered the main Philippine island of Luzon, the Red Cross said. A mother and her daughter were crushed to death by a wall which fell on their house in the town of Valenzuela north of Manila while two men drowned at a swollen creek in the northern Manila district of Novaliches, a Red Cross spokesman said.

What's up Gus?

What's up Gus? For the past six months, the nation has learned to cope with the eccentricities of President Abdurrahman Wahid's leadership. People in this country are actually beginning to accept his unconventional and at times controversial style as long as he delivers the goods. As many of his supporters would say, judge not the President by the process, but by his achievements. The way he tamed the wayward Indonesian Military (TNI) and the way he disposed of TNI strongman Gen.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on May 17, 2000: Bank notes rates Buying Selling Rp Rp U.S.

Limited Levi's for Jakarta residents

Limited Levi's for Jakarta residents JAKARTA (JP): Amid the endless business and security uncertainties in Indonesia, particularly in the capital, Jakarta, one of the world's leading garment producers, Chicago-based Levi Strauss & Co, has decided to launch its new millennium products here. "We are offering a limited supply of 5,000 units of men's and women's jeans, men's jackets, overall dresses and skirts.

Media boycott PDI-P news

Media boycott PDI-P news BANDUNG: Journalists in the Bandung Journalists Solidarity group have agreed to boycott all news concerning the Indonesian Democratic Party of Struggle (PDI Perjuangan) following the alleged torture of a reporter from Pikiran Rakyat daily by the party's security guards in Purwakarta. The decision was made on Wednesday after some 200 journalists failed to get clarification from the party's faction at the provincial legislative council.

China beats Indonesia to meet Denmark in Uber Cup final

China beats Indonesia to meet Denmark in Uber Cup final By Primastuti Handayani KUALA LUMPUR (JP): Indonesia found the going too tough against the heavily favored Chinese team in the Uber Cup badminton event, losing 0-3 in the semifinal at Putra Indoor Stadium on Wednesday. Defending champion China, aiming to claim the sport's most prestigious women's team event for the seventh time, faces Denmark on Saturday. The Danes trounced South Korea in the last four.

Vietnam needs reform

Vietnam needs reform The Vietnamese administration is stepping up efforts to root out corruption. It is planning to update its laws on foreign investment. We hope for further improvements that will renew the flow of foreign capital. We are concerned, however, that Vietnam is being overcautious in its foreign relations. The U.S.-Vietnam talks on a bilateral trade agreement have been put on hold since basic agreement on the issue was reached in July last year.

Malaysian media blames BAM president for failure

Malaysian media blames BAM president for failure KUALA LUMPUR (JP): Following the defeat of host and runner-up Malaysia, local media has put the blame firmly on Badminton Association of Malaysia (BAM) president Abdullah Fadzil Che Wan, saying he should be held responsible. Malaysia bowed out 1-4 to Denmark in a do-or-die group match in the Thomas Championships on Tuesday.

Dead toll after Aceh latest clashes stands at 12

Dead toll after Aceh latest clashes stands at 12 BANDA ACEH, Aceh (JP): The signing of a peace accord between the Free Aceh Movement (GAM) and the government last week has failed to stop violence in Aceh; at least 12 people have been killed and two military personnel injured in separate incidents in the restive province this week.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Photo Exhibition: Private Expressions 2000, at Galeri Foto Cahya, Wisma Surya Kemang, Jl. Raya Kemang no. 33, South Jakarta (Phone: 7193731), South Jakarta, 10 a.m. to 8 p.m., until May 31. * Painting Exhibition Sekuntum Asa untuk Millennium Tiga at the Lobby of World Trade Center, Jl. Jend. Sudirman Kav. 29-31, South Jakarta (Phone: 5211320), 9 a.m. to 8 p.m., May 19. * Photo Exhibition: Absolutely Asia by Paul Beiboer, Duta Fine Arts Foundation, Jl.

30,000 Buddhists celebrates Waisak at Borobudur

30,000 Buddhists celebrates Waisak at Borobudur MAGELANG, Central Java (JP): Over 30,000 people joined prayers and meditations at Borobudur temple on Thursday, in observance of Waisak, the Buddha's Day of Enlightenment. Later in the day, President Abdurrahman Wahid, House of Representatives Speaker Akbar Tandjung and Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie attended a celebration at the Jakarta Hilton Convention Center.

Antidumping -- remedy or protection?

Antidumping -- remedy or protection? This is the first of two articles on antidumping actions written by Herry Soetanto, director for multilateral cooperation of the Ministry of Industry and Trade, and Alfons Samosir, the ministry's deputy director for trade defense/remedy, based on a presentation at a seminar in Jakarta on May 11. JAKARTA (JP): Dumping is usually defined as price discrimination between domestic and foreign markets.

Pirated VCDs

Pirated VCDs From Neraca The destruction and torching of Harco shopping center in downtown Glodok, West Jakarta, started with riots around the VCD displays on the sidewalk. The root of the matter and a wise solution should be found to overcome the problem. The action might have been a provocation launched by parties who had suffered losses due to pirated VCDs against the sides which enjoyed the circulation of the pirated VCDs, mainly dealers and indirectly consumers.

Public lacks appreciation of libraries, officials say

Public lacks appreciation of libraries, officials say JAKARTA (JP): Librarians are lamenting the lack of appreciation for libraries amid all the hubbub about globalization. Libraries will play an increasingly important role in the globalization era as a provider of information and "he who has information will win", Hernandono, head of the National Library, said.

Floods kill at least 38 people in East Nusa Tenggara

Floods kill at least 38 people in East Nusa Tenggara JAKARTA (JP): Floods following two days of rain in East Nusa Tenggara have killed at least 38 people and swept through hundreds of homes, Antara said on Thursday. In its evening news broadcast on Thursday, state television TVRI quoted data issued by the provincial administration as saying that 125 people had died and no less than 160 houses severely damaged in the floods.

'Waisak' marks a sipiritual transformation

'Waisak' marks a sipiritual transformation By Harkiman Racheman MEDAN, North Sumatra (JP): This year, Waisak, Buddha's Day of Enlightenment, was celebrated on May 18 by Buddhists worldwide. In Indonesia, a national commemoration by local Buddhists of various persuasions was centered around the Borobudur temple in Central Java.

C&C to pay Lazard $50m

C&C to pay Lazard $50m SINGAPORE (Bloomberg): Cycle & Carriage Ltd., Singapore's third largest auto distributor, will pay $50 million for most of Lazard Asia Fund's stake in PT Astra International, Indonesia's largest carmaker. Cycle & Carriage said in a statement it would purchase 3.9 percent of Astra from Lazard, adding to its 23.3 percent stake in the company. Lazard had partnered the Singapore company in a consortium which bought 38.4 percent of Astra for $506 million in March, securing a 4.

Government and IMF sign letter of intent

Government and IMF sign letter of intent JAKARTA (JP): The government finally signed on Wednesday a new letter of intent (LoI) with the International Monetary Fund to pave the way for the release of a US$400 million loan early next month. The agreement was signed by the Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie, finance minister Bambang Sudibyo and Bank Indonesia Governor Sjahril Sabirin.

Governor rejects police's proposal for more funds

Governor rejects police's proposal for more funds JAKARTA (JP): Governor Sutiyoso rejected on Wednesday the possibility of granting more money to the city police for additional operational expenditures. While insisting that the police's financing is not the responsibility of the city administration, Sutiyoso said that allocating additional funds to the city police force would be inappropriate.

Jatis plans JV in Malaysia

Jatis plans JV in Malaysia JAKARTA (JP): PT Jatis, a local company providing information technology service, said on Wednesday that it planned to establish a joint venture company in Kuala Lumpur, Malaysia. Jatis' executive officer Jusuf Sjariffudin said the company was negotiating with a Malaysian company to establish the joint venture. The joint venture, which will have an initial investment of US$300,000, will operate in Internet banking and portals.