Indonesian Political, Business & Finance News

Archive: 20 May 2000

53 articles found

Investigation into Texmaco scandal halted

Investigation into Texmaco scandal halted JAKARTA (JP): The Attorney General's Office has halted an investigation into the high profile Texmaco Rp 9.6 trillion (US$1.15 billion) alleged loan scandal due to lack of evidence.

Reform agenda set

Reform agenda set An important element of the uncertainty responsible for the plunge in the rupiah's value in the past eight days was removed when the government finally signed on Wednesday the new letter of intent (LoI) that details the country's economic reform agenda for the next few months.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 TV Series: Labyrinth 9:30 Interval 2:00 p.m. News 2:30 Documentary Film 3:00 Music 4:00 Regional News 4:30 Sports 5:00 News 5:30 TVRI News (in English) 6:00 Music 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 World...

Asian monies up late as dollar surge pauses

Asian monies up late as dollar surge pauses HONG KONG (Dow Jones): Most Asian currencies were higher against the U.S. dollar late Friday as the U.S. unit took a pause from its recent rise, the Philippine central bank hiked rates and Singapore's government released stronger-than-expected growth...

Manila wins one against rebels

Manila wins one against rebels MANILA (AFP): Philippine Defense Secretary Orlando Mercado raised the country's flag over a war-torn highway and declared it cleared of occupying rebels in a show of triumph in the southern island of Mindanao.

KL gets tough on publishers

KL gets tough on publishers KUALA LUMPUR (AFP): Malaysia will introduce tougher penalties under a law which controls newspaper and magazine publishing, a minister said on Friday.The home ministry will also tighten conditions for new publishing permits to prevent abuse, Deputy Home Minister Chor...

Sony pledges to go all out to keep running its business

Sony pledges to go all out to keep running its business JAKARTA (JP): Electronic giant PT Sony Electronics Indonesia vows to go all out to keep running its business despite the ongoing massive strike by its workers since April 26, its executive said on Friday."We'll continue operating in Indonesia.

Mass burials in East Nusa Tenggara as death toll rises

Mass burials in East Nusa Tenggara as death toll rises MAUMERE, East Nusa Tenggara (JP): Breaking with local custom, East Nusa Tenggara authorities were forced on Friday to conduct a mass burial as the death toll due to floods in the region rose to 148.

Soeharto case to be submitted to court

Soeharto case to be submitted to court JAKARTA (JP): Corruption charges against former president Soeharto will be filed in the court before expiration of the last extension of his city arrest status on Aug. 10 at the latest, Attorney General Marzuki Darusman announced on Friday.

HSBC cuts Indonesia's growth forecast to 3.0 percent in 2000

HSBC cuts Indonesia's growth forecast to 3.0 percent in 2000 SINGAPORE (Dow Jones): Economists at HSBC Ltd., worried about the country's slowing exports, have cut the bank's forecasts for Indonesia's economic growth to 3.0 percent for this year and 1.5 percent in 2001.

National Awakening Day

National Awakening Day National Awakening Day may be the best occasion for each and every one of us to reflect on our positive and negative aspects as a member of society. This is particularly true for such an important national figure as Abdurrahman Wahid, as the country's No 1.

KL firms allegedly involved in illegal timber trade

KL firms allegedly involved in illegal timber trade JAKARTA (JP): Timber companies and military personnel in Malaysia are allegedly involved in an illegal timber trade in Tarakan, East Kalimantan at the border between the eastern part of Kalimantan and the Malaysian state of Sabah, a senior...

I am ready to run for 2004 presidency: Amien

I am ready to run for 2004 presidency: Amien JAKARTA (JP): Outspoken chairman of the People's Consultative Assembly (MPR) Amien Rais said on Friday that he was ready to run for the presidency in 2004.Amien, who is on a four-day visit to South Korea, was quoted by Antara as saying in Seoul that he...

Australian analyst hails first minister proposal

Australian analyst hails first minister proposal YOGYAKARTA (JP): An Australian political observer, Herbert Feith, welcomed the idea voiced by the Supreme Advisory Council (DPA) on appointing a first minister to help President Abdurrahman Wahid improve the performance of his Cabinet.

BI warns government of pushing state banks to support rupiah

BI warns government of pushing state banks to support rupiah JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin warned the government on Friday not to force state banks to use their reserves to support the ailing rupiah.

PC sales may not reach target: Expert

PC sales may not reach target: Expert JAKARTA (JP): Sales of personal computers (PC) this year will likely fall short of the targeted 350,000 units, a computer expert said on Friday."Looking at the conditions (of the rupiah) these past two weeks, the target may not be reached," said IBM country...

House members seek to question President

House members seek to question President JAKARTA (JP): Almost half of the 500 legislators in the House of Representatives have agreed to exercise their interpellation rights to question President Abdurrahman Wahid over his recent controversial policies.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on May 19, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,950.00 8,950.00Australian dollar 1 4,547.40 5,123.88Austrian schilling 1 516.74 582.06Belgian franc 1 176.26 198.55Brunei dollar 1 4,592.72 5,173.41Canadian dollar 1 5,299.

Wynne gets closer to Olympic wild card pass

Wynne gets closer to Olympic wild card pass JAKARTA (JP): Indonesia women's tennis hopeful Wynne Prakusya is getting closer to earning a wild card for a debut in the singles event of the 2000 Olympic Games in Sydney in September.

Myohdotcom to go public

Myohdotcom to go public JAKARTA (JP): Software developer PT Myohdotcom Indonesia Tbk will launch its initial public offering (IPO) next month to raise funds to finance its expansion.The company's chief commissioner Jaegopal Hutapea said here early this week that the company will sell between 150...

OPM supporters greet Megawati in Jayawijaya

OPM supporters greet Megawati in Jayawijaya JAYAPURA, Irian Jaya (JP): About 10,000 supporters of the Free Papua Movement (OPM) thronged Wamena Airport in Jayawijaya regency, Irian Jaya, shortly before Vice President Megawati Soekarnoputri's departure to Jayapura on Friday afternoon.

Police arrest two for possession of Rp 55.7m fake money

Police arrest two for possession of Rp 55.7m fake money JAKARTA (JP): South Jakarta Police detectives arrested two men at a money changer in Blok M area of Kebayoran Baru on Thursday for possession of fake Rp 50,000 banknotes valued at Rp 25.7 million (US$3,000).

Government policies ignore poor children

Government policies ignore poor children MAKASSAR, South Sulawesi (JP): The government of President Abdurrahman Wahid has yet to side with the children of poor families, says a scholar.Abdul Razak Taha, head of the center for food, nutrition and health study at Hasanuddin University said on...

Tailors and maid named suspects in violent rape

Tailors and maid named suspects in violent rape JAKARTA (JP): South Jakarta Police detectives have arrested two tailors and a cleaner over the violent rape and murder of a 24-year-old woman on Tuesday last week at her rented room in Setiabudi, an officer said on Friday.South Jakarta Police chief Lt.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions* Antique Batik Exhibition at ICAC House, Jl. BonaVista Raya, Lebak Bulus, Jakarta (Phone: 75816710 - 14), 10 a.m. to 3 p.m., May 27. ICAC coffee morning, Batik on Wood Art presentation, demonstration, exhibition and sales, 10 a.m. to 3 p.m., May 25.

Discord in economic team continues

Discord in economic team continues Economists stand by exasperatedly as political interests keep overshadowing steps to recovery, says economist Arif Arryman. He recently spoke to The Jakarta Post during a meeting among former fellow student activists in Yoygakarta.

Eddie Hara bares his soul and mind in new exhibition

Eddie Hara bares his soul and mind in new exhibitionBy Susi Andrini YOGYAKARTA (JP): Painting mirrors its creator's soul and mind. It is true of the works of Eddie Hara currently on show at Bentara Budaya in Yogyakarta.

Raids on pirated VCDs

Raids on pirated VCDs Although the network of the pirated VCD trade must be abolished to protect copyrights, the mastermind behind the raid on illegal VCDs which resulted in riots in the Glodok area on May 13, 2000 needs to be investigated.

Police increase presence in Bali

Police increase presence in Bali DENPASAR, Bali: Police have tightened their operations this month in a bid to curb mounting crime on the holiday-resort island, resulting in four suspected thieves being shot while attempting to steal a motorcycle in the first two weeks of May.

31 soldiers in E. Java dismissed

31 soldiers in E. Java dismissed SURABAYA: Brawijaya Military Chief Maj. Gen. Sudi Silalahi said here on Friday that he had recently dismissed 31 soldiers for breaking the law and for other disciplinary acts."I signed the orders (for their dismissal) about a week ago.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 19, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 725 0 0 Adindo Foresta Indonesia 400 0 25,500 Alakasa Industrindo 1,000 0 0 Alfa Retailindo 850 -25...

Two injured in Senen clash

Two injured in Senen clash JAKARTA (JP): A clash erupted near the Senen Atrium shopping center on Friday between local residents and street vendors in Central Jakarta, injuring at least two traders, an officer said.Deputy chief of the Senen police precinct, Capt.

Semarang thief burned alive

Semarang thief burned alive SEMARANG, Central: Mob justice took its toll on Friday morning when a group of people beat and burned alive a youth for allegedly stealing kitchen utensils.Antara quoted eyewitnesses as saying that Inung, 20, was caught red-handed as he was about to make off with the...

Audit says no graft by JSX management

Audit says no graft by JSX management JAKARTA (JP): The chief commissioner of the Jakarta Stock Exchange (JSX), Erry Riyana Hardjapamekas, said on Friday the investigative audit on the management of the exchange has found no traces of corruption as alleged by the capital market watchdog.

Indonesia faces China in Thomas Cup final

Indonesia faces China in Thomas Cup finalBy Primastuti Handayani KUALA LUMPUR (JP): The 8,000 spectators at the Putra Indoor Stadium here Friday burst into jubilation as Marlev Mainaky's smash hit the center of Kenneth Jonassen's court to take Indonesia to the Thomas Cup championship final against...

Two robber suspects shot dead

Two robber suspects shot dead JAKARTA (JP): Senen Police subprecinct officers shot dead two unidentified suspects in a robbery attempt on Thursday night, an officer said on Friday.Senen Police chief Maj.

Street justice still rampant

Street justice still rampant Almost every day, we read in local newspapers of suspected thieves being tortured to death in a variety of ways, some of which could not even be imagined by any humane person. In most of these cases these murderers got away with their crimes.

Catholic churches reveal the past

Catholic churches reveal the pastBy Ida Indawati Khouw After being banned by the Dutch colonial authorities for almost two decades, Catholics in Batavia, as Jakarta was then known, started to build places of worship.

RI seaman gets 7 years for people-smuggling

RI seaman gets 7 years for people-smuggling PERTH, Australia (AFP): An Indonesian seaman was jailed for seven years on Friday for attempting to smuggle 282 illegal immigrants, the biggest group ever caught by Australian authorities, earlier this year.

Antidumping action -- remedy or protection?

Antidumping action -- remedy or protection? This is the second of two articles on antidumping actions written by Herry Soetanto, director for multilateral cooperation at the Ministry of Industry and Trade, and Alfons Samosir, the ministry's deputy director for trade defense/remedy, based on a...

Government must act on military businesses

Government must act on military businesses Under an increasingly tight budget, would a trust fund, as mentioned on Tuesday by Army Chief of Staff Gen. Tyasno Sudarto, be appropriate to improve soldiers' welfare? Following is an excerpt of an interview on the subject with political researcher Ikrar...

Cycle buys more Astra shares

Cycle buys more Astra shares SINGAPORE (AFP): Singapore-listed Cycle and Carriage Ltd. (CCL) on Friday said it had entered an agreement to buy an additional 103.61 million shares in Indonesian automotive giant PT Astra International for US$50 million.

Sutiyoso tells Jakarta to stay on top in PON

Sutiyoso tells Jakarta to stay on top in PON JAKARTA (JP): While Jakarta is considered the home of the nation's top athletes, Governor Sutiyoso has asked the city's contingent for the 15th National Games in Surabaya next month to maintain its top position in the quadrennial sports event.

Gus Dur attends Pangestu congress

Gus Dur attends Pangestu congress SURAKARTA, Central Java (JP): In a testament to his religious pluralism, President Abdurrahman Wahid on Friday attended the 14th Pangestu (a Javanese spiritual/mystical belief) Congress.

PLN says billing system change not a rate hike

PLN says billing system change not a rate hike JAKARTA (JP): Officials of state-owned electricity company PT PLN denied on Friday imposing a rate hike for households, arguing the introduction of a new billing system did not affect the overall billing system.

Thiess wins Arutmin order

Thiess wins Arutmin order SYDNEY (Dow Jones): PT Thiess Contractors Indonesia, a subsidiary of Australia's Leighton Holdings Ltd., said on Friday it has won a contract worth A$800 million over five years to operate two coal mines in Kalimantan in Indonesia.

Researchers say new law needed

Researchers say new law needed BANDUNG: Researchers from the Intellectual Property Agency at the Institution of Technology in Bandung called on the government to draft a law that would protect the country's natural resources and locally crafted technologies from being patented by foreign nation's.

Tourist industry asked to look to home in tough times

Tourist industry asked to look to home in tough times JAKARTA (JP): An overreliance on foreign tourists is one of the main factors in the worsening fortunes of the country's tourism industry, a high-ranking official said.

Police need more financial aid: Experts

Police need more financial aid: Experts JAKARTA (JP): Observing that police operations are expensive, a senior police officer and a legal observer conceded on Friday that the police often rely on "nonbudgetary" financing to carry out their duties.

Social conflict and poor education

Social conflict and poor education Citing the issue that social conflict stems from poor education (The Jakarta Post, May 3, 2000), I wish to contribute some ideas to that problem based on my own experience.

Reconciliation and the new Indonesia

Reconciliation and the new IndonesiaBy H.S. Dillon JAKARTA (JP): Although victims of apartheid, justly considered a gross violation of human rights, black South Africans have ended violent conflict through negotiations with their onetime masters.

Online firm to promote local textile industry

Online firm to promote local textile industry JAKARTA (JP): Business and finance information provider IndoExchange.com said on Friday that its new Nexiaonline portal would help promote the local textile industry in the international market.

Shoot-on-sight order issued to stop Ambon violence

Shoot-on-sight order issued to stop Ambon violence AMBON, Maluku (JP): Chief of Pattimura Military Command overseeing Maluku Brig. Gen. Max Tamaela issued a shoot-on-sight order on Friday to stop continued violence, which has claimed four more lives.