Indonesian Political, Business & Finance News

Archive: 26 May 2000

53 articles found

'Detikcom' adds Euro 2000 reports

'Detikcom' adds Euro 2000 reports JAKARTA (JP): Soccer enthusiasts can surf the Internet to search for newly updated news on Euro 2000 by visiting www.detik.com for its special feature "Crazy Euro 2000" (Gila Piala Eropa 2000).

Garuda to pledge non-core assets to creditors

Garuda to pledge non-core assets to creditors JAKARTA (JP): Indonesia's flag carrier Garuda Indonesia expects to pledge four of its business units to its creditors as part of its efforts in closing a debt restructuring deal, a company executive said.

Economic growth the linchpin to hold RI together

Economic growth the linchpin to hold RI together The following is an excerpt from an interview with Samuel P. Huntington, a prominent sociopolitical theorist from Harvard University. He was the key speaker in a May 24 conference on the federal system of government in Jakarta hosted by Strategic...

Suspect's role in bogus money case

Suspect's role in bogus money case SURABAYA (JP): A chauffeur of Slamet Hardjo, a suspect in a counterfeit money case, told interrogators on Thursday that he saw Soemarjono, the main suspect, hand over a box believed to contain bogus money to his employer.Surabaya Police chief of detectives Maj.

New chiefs for eight state firms

New chiefs for eight state firms JAKARTA (JP): The government has replaced the presidents of eight major state enterprises operating in banking, insurance, commodity trading and money printing.The Ministry of Finance announced on Thursday that Bank Mandiri president Robby Djohan was replaced by ECW...

CA launches security software

CA launches security software JAKARTA (JP): Software company Computer Associates Indonesia (CA) introduced on Thursday its newest security software to protect Internet businesses from hackers."eTrust and Jasmine ii provide security for e-business applications and ensures a seamless and intelligent...

Govt set to open up new sectors to foreigners

Govt set to open up new sectors to foreigners JAKARTA (JP): The government said on Thursday it would review the negative investment list, which catalogs business sectors barred to foreign investors, in an effort to provide wider investment opportunities.

Reformists meeting canceled due to technical reasons

Reformists meeting canceled due to technical reasons JAKARTA (JP): The officially scheduled dialogue between President Abdurrahman Wahid and the country's three top leaders on Thursday was canceled due to technical reasons.

Witness insists Sjahril attended Feb. 11 meeting

Witness insists Sjahril attended Feb. 11 meeting JAKARTA (JP): Former deputy chairman of Bank Bali Firman Soetjahja confirmed on Thursday that Bank Indonesia Governor Sjahril Sabirin attended a Feb. 11, 1999 meeting at Hotel Mulia in Central Jakarta which discussed measures to accelerate the bank's...

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on May 25, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 725 0 13,500 Adindo Foresta Indonesia 375 25 5,000 Alakasa Industrindo 950 -300 4,000 Alfa...

Prisoners caught using drugs

Prisoners caught using drugs JAKARTA (JP): Security officials of the Cipinang penitentiary in East Jakarta and the Salemba prison in Central Jakarta arrested eight prisoners for alleged abuse and possession of drugs in separate raids on Thursday.

Constitutional changes please

Constitutional changes pleaseFrom RepublikaThe proposal by a number of political experts for the immediate formation of a constitution board, voiced at a national seminar on the amendment of the 1945 Constitution at the University of Indonesia on May 11, 2000, was a very good idea.

Fate and fortunes

Fate and fortunes Besieged in his home city, the sick and frail old man who once ruled Indonesia like a personal fiefdom is experiencing the fate that befalls so many despots once they are overthrown.It is not certain whether the 79-year-old former president Soeharto can hear the calls of militant...

Fortune buys Bawean field

Fortune buys Bawean field JAKARTA (JP): Fortune Oil & Gas, Inc. announces today that its subsidiary, Indo Pacific Oil and Gas, Inc., has signed an agreement to acquire 100 percent of the shares of GFB Resources (Java) Ltd. from Carmanah Resources Ltd. of Calgary, Alberta, Canada.

Megawati to open GMNI Congress

Megawati to open GMNI Congress SEMARANG, Central Java: Vice President Megawati Soekarnoputri is slated to open the second congress of the National Communications Alumni Forum of the Indonesian Nationalist Students Movement (GMNI) here, which will be held from June 1 to June 3.

Indonesia's assets in East Timor left in limbo

Indonesia's assets in East Timor left in limbo YOGYAKARTA (JP): The status of the country's assets in East Timor remains uncertain after negotiations here with representatives of the United Nations Transitional Administration in East Timor (UNTAET) only agreed on the classification of assets in the...

Metrodata targets $14.3m from rights issue

Metrodata targets $14.3m from rights issue JAKARTA (JP): Publicly listed PT Metrodata Electronics expects to raise about US$14.3 million from the its limited public offering next month.Company president Lesan Limanardja said here on Thursday that about 60 percent of the funds raised from the rights...

President renews support for Jakarta's MRT project

President renews support for Jakarta's MRT project JAKARTA (JP): President Abdurrahman Wahid renewed his support on Thursday for the construction of the repeatedly postponed Mass Rapid Transportation (MRT) project in the capital with the help of Japanese funds and technology.

Chinese-Indonesian writers told tales of life around them

Chinese-Indonesian writers told tales of life around themBy Myra Sidharta JAKARTA (JP): About two months ago an unusual book was launched by Kepustakaan Populer Gramedia, a publishing house related to the well-known Gramedia Pustaka Utama.

Oil in Asia drifts above $30 per barrel

Oil in Asia drifts above $30 per barrel SINGAPORE (Reuters): Crude oil in Asia rose above US$30 per barrel in Asia on Thursday, as low stocks in the United States exacerbated supply shortage worries ahead of the nation's peak summer season.

Private parking operators meet deadline on rate

Private parking operators meet deadline on rate JAKARTA (JP): At the eleventh hour, just before the deadline passed on Thursday, all private city parking operators finally complied with existing parking rate regulations.

Texmaco business should be protected, says President

Texmaco business should be protected, says President JAKARTA (JP): President Abddurrahman Wahid reiterated on Thursday that the business of the Texmaco group should be protected and further developed due to its promising future, despite the controversy over its debts to state banks.

Solution to Aceh conflict

Solution to Aceh conflictFrom GammaThere has been so far no sign of a solution to the Aceh conflict, which has been going on for quite some time. This may be caused by the fact that so many societal groups have so many different viewpoints on how to solve the problem.

Dozens reported killed in Galela

Dozens reported killed in Galela AMBON, Maluku (JP): After weeks of calm, sectarian clashes erupted again in the North Maluku district of Galela on Halmahera island in early hours of Thursday when an armed mob attacked Mamuya village.Pattimura Military Commander Brig. Gen.

OCA to send observers to PON 'pencak silat'

OCA to send observers to PON 'pencak silat' JAKARTA (JP): The Olympic Committee of Asia (OCA) will send representatives to observe the pencak silat competition in the 15th National Games (PON) in Surabaya, the vice chairman of the National Sports Council (KONI) Arie Sudewo said Thursday.

TNI members, police may be allowed to vote

TNI members, police may be allowed to vote JAKARTA (JP): House of Representatives (DPR) Speaker Akbar Tandjung suggested here on Thursday returning the right to vote to members of the Indonesian Military (TNI) and National Police should the country adopt a direct presidential election system.

Teenager burned alive by mob

Teenager burned alive by mob JAKARTA (JP): A teenage boy, who wounded a bajaj (pedicab) driver after refusing to pay for a ride, was burned alive by angry Cempaka Putih residents in Central Jakarta on Thursday morning, according to a police report.

Govt to review policy on imports of luxury vehicles

Govt to review policy on imports of luxury vehicles JAKARTA (JP): The government might soon lift the ban on imports of completely built-up luxury cars with engine capacities exceeding 4,000cc, Minister of Trade and Industry Luhut Panjaitan said on Thursday.

Three police sergeants fired

Three police sergeants fired JAKARTA (JP): After months of a thorough investigation of their alleged crimes, three city police sergeants were finally fired from the force beginning on Thursday.The dismissal of the three men -- chief Sgt. Antonius Bargowo, chief Sgt. Sunyoto and Second Sgt.

Corruption: What to do?

Corruption: What to do? Eradicating corruption in Indonesia will take time because cases are rampant. "Such practices have been deeply rooted in society for decades. I need extra prayers and moral support from the people to make our work a success," the chairman of the government's newly installed...

Nippon Oil strikes gas field

Nippon Oil strikes gas field TOKYO (AFP): Japan's Nippon Mitsubishi Oil Corp. said on Thursday its Australian unit had struck a gas field at a survey site in the Timor Sea off Darwin.Nippon Oil Exploration Pty Ltd., owned 51 percent by Nippon Mitsubishi and 49 percent by Japan National Oil Corp.

Bakrie Finance bankrupt: Supreme Court

Bakrie Finance bankrupt: Supreme Court JAKARTA (JP): The Supreme Court has declared PT Bakrie Finance Corporation bankrupt, overruling the verdict issued by the Jakarta Commercial Court in March, a foreign creditor said.

ASEAN urges French investment

ASEAN urges French investment PARIS (AFP): The Association of Southeast Asian Nations urged on Wednesday, French companies to invest in regional infrastructure projects, during the first ASEAN joint investment mission to France.

Luring investment

Luring investment Against a backdrop of the sagging of the rupiah against the U.S. dollar and the dire need of quick recovery from a prolonged economic "impotence", the initiative to lure more foreign investors as televised live by TVRI on the evening of May 23, 2000, deserves praise.

Millennium 2000 Opera Gala Night shows again

Millennium 2000 Opera Gala Night shows again JAKARTA (JP): The "Millennium 2000 Opera Gala Night", premiered last April, will show again at the Dharmawangsa hotel this Saturday.Concert organizer Dorothy Poon-Louvet said the show would take place in the Dharmawangsa's grand ballroom, featuring the...

President to survive interpellation

President to survive interpellation Legislators plan to exercise their interpellation rights and question President Abdurrahman (Gus Dur) Wahid over his controversial policies. Political science lecturer Arbi Sanit of the University of Indonesia shares his views on the possible impact the...

Envoy vows to help probe Indonesian worker abuse case

Envoy vows to help probe Indonesian worker abuse case JAKARTA (JP): Palestinian Ambassador Ribbi Awad vowed on Thursday to help investigate the alleged abuse of a teenage Indonesian migrant worker by her employers and labor agency in Gaza."So far, I haven't received any information about it.

Peleng quake toll rises

Peleng quake toll rises PALU, Central Sulawesi: The death toll of an earthquake on May 4 in Peleng Island rose to 48 after another victim who had been treated in hospital died.Djeraini, 67, a resident of Banggai islands died from on Wednesday after being treated for three weeks.

House okays Bank Niaga recapitalization

House okays Bank Niaga recapitalization JAKARTA (JP): After hours of heated debate, the House of Representatives finally approved late on Thursday to fund the increased costs for the recapitalization of publicly listed Bank Niaga.The recapitalization costs have increased to Rp 9.46 trillion (US$1.

U.S. to resume military ties with Indonesia

U.S. to resume military ties with Indonesia JAKARTA (JP): The United States has quietly moved to begin mending military ties with Indonesia after they were suspended for more than eight months following the East Timor debacle.

Ethnic eruptions in Fiji

Ethnic eruptions in Fiji The civilized world will unanimously condemn the crude attempt to topple the democratically elected government in Fiji, in particular to oust its prime minister. That the principal victim is of Indian origin is only an additional reason why India and Indians will be...

Sapuan questioned over Rp 35b scam

Sapuan questioned over Rp 35b scam JAKARTA (JP): Police questioned on Thursday deputy chief of the National Logistics Agency (Bulog) Sapuan as a suspect in a Rp 35 billion scam which involved a masseur of President Abdurrahman Wahid.Jakarta Police detective chief Col.

ASEAN urges US to back early entry

ASEAN urges US to back early entry KUALA LUMPUR (AFP): The Association of Southeast Asian Nations (ASEAN) urged on Thursday the United States to support the early entry of Cambodia, Laos and Vietnam into the World Trade Organization (WTO).

Kerosene output increased

Kerosene output increased PURWOKERTO, Central Java (JP): In response to the disappearance of kerosene from markets in Central Java and several areas in West Java, state oil and gas company Pertamina increased kerosene output at its refinery in Cilacap, Central Java since Monday.

Lifting ban on communism to promote democracy

Lifting ban on communism to promote democracyBy Kamaluddin Pane JAKARTA (JP): President Abdurrahman Wahid's (Gus Dur) proposal to revoke the Provisional People's Consultative Assembly (MPRS) Decree No. 25/1966 banning communism has triggered mass demonstrations by Muslim political groups for the...

Popeyes to open RI stores

Popeyes to open RI stores ATLANTA (AP): Popeyes Chicken and Biscuit plans take its Cajun flavor to Indonesia.The restaurant, a subsidiary of Atlanta-based AFC Enterprises, has signed a deal to open 56 restaurants with an Indonesian company within five years.

Mari queries Texmaco, Chandra Asri deals

Mari queries Texmaco, Chandra Asri deals JAKARTA (JP): Economist Mari Pangestu questioned on Thursday the debt settlements for textile giant Texmaco Group and petrochemical firm PT Chandra Asri Petrochemical Center, saying the deals lacked transparency.

Parking fee fracas in Bali

Parking fee fracas in Bali DENPASAR, Bali: A clash between villagers in Seririt regency in Buleleng, 120 kilometers northwest of here, erupted on Thursday morning leaving two people badly injured."The clash was ignited by a trivial misunderstanding between several youths from two villages," chief...

Where to go in Jakarta: Friday, May 26, 2000

Where to go in Jakarta: Friday, May 26, 2000Exhibitions* Antique Batik Exhibition and sale, at ICAC House, Jl. BonaVista Raya, Lebak Bulus, 10 a.m. to 3 p.m., May 27. Entrance by donation. * Painting Exhibition by Eddy Sundara, at Negeri Lama Gallery, Jl.

Student clash with police near Cendana

Student clash with police near Cendana JAKARTA (JP): Angered at being repeatedly blocked by tight security, about 800 anti-Soeharto protesters attacked police with rocks and Molotov cocktails on Thursday, burning a traffic police post near the Central Jakarta residence of the former president.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on May 25, 2000: Bank notes rates Buying Selling Rp Rp U.S. dollar 1 7,960.00 8,960.00Australian dollar 1 4,541.18 5,116.16Austrian schilling 1 522.94 588.96Belgian franc 1 178.38 200.90Brunei dollar 1 4,585.52 5,164.56Canadian dollar 1 5,266.

'Left' making inroads into Balinese calm

'Left' making inroads into Balinese calmBy Degung Santikarma DENPASAR, Bali (JP): Over the past year, despite the stagnant Indonesian economy, a new industry has exploded in Bali. With the lifting of restrictions on press permits, dozens of new tabloids, magazines and books have flooded local...

Fairer use of natural riches called for

Fairer use of natural riches called for JAKARTA (JP): Representatives of traditional communities, the business sector, non-governmental organizations, scholars and the government ended a three-day gathering here on Thursday to formulate strategies for sustainable and community friendly natural...