Indonesian Political, Business & Finance News

Archive: 4 May 2000

60 articles found

Mall security guard fatally mobbed

Mall security guard fatally mobbed JAKARTA (JP): West Jakarta Police detectives are looking for four men who they believe mobbed to death a mall security guard after dragging him from his house in Rawa Buaya, Cengkareng. West Jakarta Police chief of detectives Capt. Sahar identified on Wednesday the prime suspect as Sumarno. He said the Tuesday killing was most likely an act of revenge. The victim, who worked at Mal Taman Anggrek shopping mall, was identified as Irawan Lusta Luhu, 35.

Police arrest two, seize drugs

Police arrest two, seize drugs JAKARTA (JP): City Police detectives apprehended a married couple on Tuesday for possession of 1,863 ecstasy pills, 590 grams of shabu-shabu (crystal methamphetamine), some marijuana, a pistol and some bullets at their house on Jl. Sunter Kirana VII in Tanjung Priok, North Jakarta. City Police detective chief of narcotics Lt. Col. Abdullah identified the suspects as Sutrisno Karjo Husodo, alias Nick Setiawan, 36, and wife Lizki Ananda, 19.

Poverty alleviation program helps the poorest of the poor

Poverty alleviation program helps the poorest of the poor By I Wayan Juniarta KARANGASEM, East Bali (JP): Imagine what it is like to wake up each day with no clean water, little food and no place to take an ailing child. For some, the ongoing multidimensional crisis has made their already poor lot even worse. In Bali, the most impoverished villages have witnessed the effect on education.

Where to go in Bali for Thursday, May 4, 2000

Where to go in Bali for Thursday, May 4, 2000 Exhibitions * Painting Exhibition, Seni Lukis Kaca Nagasepaka, Buleleng, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until May 23. * Painting Exhibition at Seniwati Showspace, Jl. Raya Ubud, until May 31. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m. * Museum Puri Lukisan, Jl.

Deposit insurance: Moral hazard here to stay

Deposit insurance: Moral hazard here to stay HONG KONG (Dow Jones): The absence deposit insurance spelled financial disaster for Indonesia in October 1997, reinvigorating a debate about how much governments should be willing to guarantee banks.

Govt, IMF yet to reach final accord

Govt, IMF yet to reach final accord JAKARTA (JP): The government and the International Monetary Fund have completed the review of Indonesia's reform measures but have yet to agree on a new letter of intent (LoI), Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie said on Wednesday. Kwik said at a media conference the new LoI, originally scheduled to be signed on Wednesday, had yet to be examined and approved by the IMF executive board in Washington.

Rozy Munir appoints 31 directors to office

Rozy Munir appoints 31 directors to office JAKARTA (JP): State Minister for Investment and State Enterprises Development Rozy Munir swore in 31 directors to his office on Wednesday, just one week after he moved into the job. Rozy, whose appointment by President Abdurrahman Wahid was marred by accusations of nepotism, disclosed he planned to make some changes to his deputies, as well as appointing third and fourth echelon officials.

Team set up to probe Nomensen case

Team set up to probe Nomensen case MEDAN, North Sumatra (JP): North Sumatra Police chief Brig. Gen. Sutanto vowed on Wednesday to investigate the bloody clash which claimed the lives of two Nomensen Christian University students on Monday. He said a special team had been established to conduct the investigation. "The team will find out if there was a procedural error or anything relating to the fatal clash between the students and the police." Meanwhile, North Sumatra Police spokesman Lt. Col.

Cartoonist Eddy Hermanto exhibits his serious side

Cartoonist Eddy Hermanto exhibits his serious side By Wawan S. Husin BANDUNG (JP): Gallery Bandung, one of the few galleries in the West Java capital that "dares to be different", is exhibiting about 30 works of cartoonist Eddy Hermanto. The solo exhibition was opened by Tisna Sanjaya, a graphic artist and lecturer at the Bandung Institute of Technology (ITB), on April 28. In his notes for the exhibition, Sanjaya wrote "...

Private parking operators threaten to sue government

Private parking operators threaten to sue government JAKARTA (JP): Operators of privately owned shopping centers warned on Wednesday that they would sue the city administration if it went ahead with its plan to close down the city's private parking lots for their failure to adjust their parking fees in tandem with official fees by June 1.

Indonesian team manager hopeful of Thomas Cup chances in KL

Indonesian team manager hopeful of Thomas Cup chances in KL JAKARTA (JP): Indonesia's team manager Sumaryono expressed optimism about the men's shuttlers chance of retaining the Thomas Cup for the 12th time in the Thomas and Uber Cup championships in Kuala Lumpur next week. "We are very optimistic about retaining the Thomas Cup, especially if the shuttlers are in good physical condition.

Alleged con artist nabbed in Yogyakarta

Alleged con artist nabbed in Yogyakarta JAKARTA (JP): Central Jakarta Police detectives are awaiting the arrival of their counterparts from Yogyakarta who are expected to hand over a 55-year-old woman accused of having collected Rp 470 million by deceiving 12 people, including a Navy officer. Second Officer Lt.

Students hunger for cheap school fees

Students hunger for cheap school fees MAKASSAR, South Sulawesi: Two students of the state-run Hassanudin University staged a hunger strike and hung themselves in front of the university's main gate to demand cheaper school tuition. M. Syukur and Hambali, both students of the School of Fishery, began their strike on Tuesday after the university decided to raise the fees, which can be paid in three installment in a year.

South Jakarta court annuls mining agreement

South Jakarta court annuls mining agreement JAKARTA (JP): The South Jakarta District Court has annulled an agreement between Canadian mining firm Ag Armeno Mines and Minerals Inc. and Indonesian mining entrepreneur Yusuf Merukh over the acquisition of shares in the Batu Hijau gold project in West Nusa Tenggara, a court official said. A secretary of the court, Dimyati Masduki, said on Tuesday the panel of judges announced the verdict during a hearing on Monday.

Between IBRA and Danaharta

Between IBRA and Danaharta This is the first of two articles by Sidhesh Kaul, a Jakarta- based regional commentator on economic and political issues, on bank restructuring efforts in Indonesia and Malaysia. JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) seems to be taking one step forward and two steps backward. Progress is slow and it appears that politicization of the institution has transformed its scared denizens into reluctant and indecisive paper-pushers.

Act firmly on Aceh rebels!

Act firmly on Aceh rebels! If we read the news in our dailies, especially about the violence in Aceh, we cannot help feeling that the situation there is going from bad to worse. The police are attacked almost every day and casualties among civilians and members of the police are mounting. Besides attacking the police, the rebels burn houses, attack offices and government installations. I can understand the difficult psychological position of law enforcement troops.

SingTel buys 30% of CyberCity

SingTel buys 30% of CyberCity JAKARTA (JP): Singapore Telecommunications (SingTel) has bought a 30 percent share of PT CyberCity Indonesia (CCI), which is developing a 10-hectare site in Kemayoran for domestic and international Internet-related businesses. "The deal was valued at US$15 million," CCI president Edward S. Soeryadjaya (left) said in a statement here on Wednesday.

Military witnesses in Aceh trial defend shooting

Military witnesses in Aceh trial defend shooting BANDA ACEH, Aceh (JP): Three military witnesses testified on Wednesday that troops fired in self-defense after Islamic leader Tengku Bantaqiah and his followers attacked them in Beutong Ateuh village, West Aceh, last year. Second Cpl.

'Mystical Machine Made in Indonesia' stuns audiences

'Mystical Machine Made in Indonesia' stuns audiences By Prasetyohadi JAKARTA (JP): This may be an unnecessary inquiry but a valid one nonetheless: Do you find it disturbing when you realize that technology, a human achievement that is supposed to make life easier, ends up making your life more difficult? Such questions were raised in the recent performance of multimedia artists entitled The Mystical Machine Made In Indonesia from Yogyakarta at the Teater Utan Kayu over the weekend.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on May 3, 2000: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 775 0 0 Adindo Foresta Indonesia 400 -25 200,500 Alakasa Industrindo 925 175 8,500 Alfa Retailindo 825 0 3,318,500 Alter Abadi 225 25 3,500 Alumindo Light Metal 1,125 0 90,000 Aneka Kimia Raya 325 0 106,500 Aneka Tambang (Persero) 1,050 0 7,268,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on May 03, 2000: Bank notes rates Buying Selling Rp Rp U.S.

PDI Perjuangan and Golkar are still worlds apart

PDI Perjuangan and Golkar are still worlds apart Amid signs of cooperation between the Indonesian Democratic Party of Struggle (PDI Perjuangan) and Golkar, lecturer in politics Cornelis Lay says it would be too risky for PDI Perjuangan to join forces with the former ruling party. An excerpt of the interview with the lecturer from Gadjah Mada University in Yogyakarta follows: Question: The dismissal of two ministers has led to signs of cooperation between PDI Perjuangan and Golkar.

ASEAN swap plan needs $20b

ASEAN swap plan needs $20b BANGKOK (Dow Jones): The Association of Southeast Asian Nations (ASEAN) needs to greatly increase the scope of its currency swap plan with its northern neighbors, China, South Korea, and Japan, for it to work, Japan's former Vice Finance Minister for International Affairs Eisuke Sakakibara said Wednesday.

U.S. sees improvement in RI protection of IPR

U.S. sees improvement in RI protection of IPR JAKARTA (JP): The United States government has seen a remarkable improvement in Indonesia's protection of intellectual property rights and has accordingly moved the country down to Watch List from Priority Watch List, the government announced here on Wednesday.

E-stock trading launched

E-stock trading launched SINGAPORE (AP): Oversea-Chinese Banking Corp.'s stock brokerage unit Wednesday launched its online stock trading system amid an increasingly competitive market and plunging brokerage fees. The Internet site, www.iOCBC.com, will allow investors to trade shares in Singapore, Malaysia, Indonesia, Thailand, the Philippines and Hong Kong, OCBC Securities said. The move comes at a time when Singapore's financial services industry are undergoing rapid change.

SE Asia urged to boost support for chemical weapons treaty

SE Asia urged to boost support for chemical weapons treaty SINGAPORE (AFP): Southeast Asian nations were urged on Wednesday to strengthen support for an international treaty banning the production and use of chemical weapons.

New Formula One magazine launched

New Formula One magazine launched JAKARTA (JP): Formula One racing enthusiasts need no longer search for magazines abroad about the sport as a new racing publication was launched here on Wednesday. The first edition of F1 Racing contains 120 pages and is priced at Rp 20,000. It is published once a month with a circulation of 17,000. The magazine's publisher, Iman Kusumo, said on Wednesday that F1 Racing was very popular worldwide. It is printed in 13 languages in 16 countries on four continents.

Rupiah undervalued due to volatile politics

Rupiah undervalued due to volatile politics JAKARTA (JP): The rupiah is undervalued due to lingering volatility on the Indonesian political front, according to an executive of a foreign hedge fund. "Theoretically the rupiah is still undervalued. It should range between Rp 6,500 and Rp 7,000 (against the dollar)," Calvin Y. L. Ho, senior portfolio manager at Citicorp Investment Bank Ltd. of Singapore, said on Wednesday.

Salary hike for public-service doctors

Salary hike for public-service doctors JAKARTA (JP): Doctors and dentists assigned to community health centers got a government pledge on Wednesday to raise basic salaries by 100 percent. But it took a personal telephone call from Minister of Finance Bambang Sudibyo to convince doctor and dentist representatives from seven provinces in Java and Sumatra that their demands had been met.

Bangkok sends invite to N. Korean FM

Bangkok sends invite to N. Korean FM BANGKOK (AFP): North Korean Minister of Foreign Affairs Paek Nam-Sun has been formally invited by Thailand to visit in July at the time Bangkok hosts the annual ASEAN Regional Forum (ARF), the Thai foreign ministry said on Wednesday.

Misunderstanding Gus Dur

Misunderstanding Gus Dur News reports published in some newspapers in recent days have drawn the conclusion that President Abdurrahman Wahid said he would retire in September this year, based on an interview with the President published in the Australian Financial Review on April 28, 2000. This is not correct. In the interview he said that before he became president he had a plan to retire at 60 years of age.

A tough task lies ahead

A tough task lies ahead Director-General of Land Transportation Santo Budiono and State Railroad Company Director Edie Haryoto have announced their resignation in the wake of the train crash that left four people dead, reflecting their awareness of their public responsibilities. In his statement, Santo Budiono said, "I am resigning because of my moral responsibility in the matter. Enough people have died in accidents," adding that his resignation would not solve the existing problems.

Bali's Nagasepaha village a living museum of glass paintings

Bali's Nagasepaha village a living museum of glass paintings By Rosemarie F. Oei BULELENG, North Bali (JP): The first glass paintings in Indonesia were created in Java where this form of art was probably introduced by the Dutch in the 19th century. Historically, painting on glass dates from the 14th century in The Netherlands. It spread throughout Europe and thence to Iran in the following centuries.

Govt raises teachers' allowance

Govt raises teachers' allowance JAKARTA (JP): The government on Wednesday increased the functional allowance of teachers an additional 50 percent, while slashing in half the controversial structural allowance hike for high-ranking officials. With the new increase teachers now will receive a total allowance increase of 150 percent, with the House of Representatives already approving a 100 percent hike in March.

Pertamina and Caltex negotiations suspended

Pertamina and Caltex negotiations suspended JAKARTA (JP): Current negotiations between state oil and gas company Pertamina and PT Caltex Pacific Indonesia over future operations in the Coastal Plain Pekanbaru (CPP) oil producing block, have been suspended following President Abdurrahman Wahid's decision to allow the Riau provincial administration to take over the block. Minister of Mines and Energy Susilo Bambang Yudhoyono said on Wednesday that the negotiations would no longer be needed.

Army pledges to punish errant troops in Maluku

Army pledges to punish errant troops in Maluku AMBON, Maluku (JP): Army Chief of Staff Gen. Tyasno Sudarto has proposed a special team be sent to Maluku to deal with soldiers who overstep their authority in the riot-hit province. Speaking to reporters on Wednesday before completing a two-day visit here, Tyasno pledged the supremacy of the law and promised to be tough with errant soldiers. "I'm aware of people's allegations of Army involvement in instigating the conflicts in Maluku.

Apjati to hold congress

Apjati to hold congress JAKARTA (JP): The Association of Labor Export Companies (Apjati) plans to hold an extraordinary congress later this month to revamp the association and review labor export procedures. A congress was not planned until 2002, but due to complicated problems within the association and labor export procedures an extraordinary meeting will be held in Bogor, West Java, from May 23 to May 25.

Indosat reports earnings of Rp 433b

Indosat reports earnings of Rp 433b JAKARTA (JP): Publicly listed international telephone operator PT Indosat reported on Wednesday consolidated net income of Rp 433.8 billion (US$54.2 million) for the first quarter of this year. The company said that the figure represented a 16 percent increase over the corresponding period in 1999.

Most private parking firms ignore the official rate

Most private parking firms ignore the official rate JAKARTA (JP): Despite the recent ruling that parking fees must be adjusted in line with the official rates set by the city administration, some private parking operators still charged higher fees on Wednesday. Head of City Parking Agency Yani Mulyadi and other city officials observed the operators' noncompliance during an inspection to monitor the implementation of the 1999 Gubernatorial Decree No. 1698 on off-street parking fees.

'No ASEAN-EU meeting without Myanmar'

'No ASEAN-EU meeting without Myanmar' YANGON (Agencies): A long-delayed ministerial meeting between the Association of Southeast Asian Nations and the European Union will not take place without Myanmar, the military state's foreign minister said on Wednesday. Minister Win Aung told a press briefing at the foreign ministry in Yangon that ASEAN would not discriminate against one of its own members, by agreeing to a formula for the meeting that would sideline Myanmar, also known as Burma.

Migrant ditch diggers wait it out on street corners

Migrant ditch diggers wait it out on street corners By Ida Indawati Khouw JAKARTA (JP): Many people may not believe that seasonal ditch diggers in the city could survive without a single penny in their pockets. Armed with hoes, baskets and crowbars, the migrant workers usually gather at several street medians of Grogol area in West Jakarta. The location is famous among construction foremen in search of cheap manual labor.

Govt urged to speed up corporate restructuring

Govt urged to speed up corporate restructuring JAKARTA (JP): Former International Monetary Fund (IMF) Asia Pacific director Hubert Neiss urged Indonesia to speed up its key corporate restructuring and legal reform programs in order to recover the economy and catch up with other crisis-hit nations in the region.

GDP growth to be over 4 percent in first quarter: BI

GDP growth to be over 4 percent in first quarter: BI JAKARTA (JP): Bank Indonesia (BI) said on Wednesday the country's economic growth would exceed its initial target of 4 percent in the first quarter this year compared to the same period last year. Deputy governor Achjar Ilyas said the central bank still needed one or two days to know the exact figure of the first quarter's Gross Domestic Product (GDP) expansion as important data were still being evaluated.

Middle Eastern countries 'committed to helping Indonesia'

Middle Eastern countries 'committed to helping Indonesia' JAKARTA (JP): A number of Middle Eastern countries have given commitments to help Indonesia's economic recovery and are ready to invest in the country, Minister of Foreign Affairs Alwi Shihab said on Wednesday. He said Kuwait, Saudi Arabia and Oman had made concrete plans for new investments in the oil, petrochemical and fishery sectors.

KAI shifts collision blame to device theft

KAI shifts collision blame to device theft JAKARTA (JP): While human error was blamed as the main cause of the head-on collision between two trains last Monday, state railway company PT Kereta Api Indonesia (KAI) has shifted the culpability to rampant thefts of its supporting devices. "Signal transmission defects had a share in Monday's accident. "Such defects occur at our Central Control System (CTC) in Manggarai, South Jakarta.

President rebukes careless media

President rebukes careless media JAKARTA (JP): President Abdurrahman Wahid reiterated on Wednesday his full commitment to a free press, but rebuked some media for abusing the country's new freedom. "We need freedom, but freedom should go hand in hand with the ability to use it wisely," Abdurrahman said in his address to 100 Southeast Asian journalists at Bina Graha presidential office.

Transmigrants want to go home

Transmigrants want to go home JAYAPURA, Irian Jaya: As many as 47 transmigrant families at the Bonggo resettlement unit VIII marched to the provincial legislative council to demand that the government send them home or resettle them in a more appropriate area. The head of Commission F of the legislature, Hulda Wanggober Imbiri, who received the transmigrants, admitted that the area where the families were resettled was inadequate.

Thieves' terrible sense of humor

Thieves' terrible sense of humor CILACAP, Central Java (JP): At least one dead patient at Majenang clinic missed his last ride home on Tuesday when the ambulance that was to take him was stolen. The hospital workers went into frenzy when they discovered that the ambulance parked at a Puskesmas (public health center) in the nearby village of Cipodang, which had borrowed the carriage the day before, had disappeared.

Semarang port bans imported sugar

Semarang port bans imported sugar SEMARANG: The Tanjung Emas port is closed to imported sugar and raw sugar, Central Java Governor Mardiyanto said here on Wednesday. Mardiyanto told reporters that a letter banning the entrance of imported sugar and raw sugar had been issued, the copies of which had been sent to the minister of industry and trade and the minister of finance. "We urge the government not issue permits to importers intending to ship sugar and raw sugar from abroad," Mardiyanto said.

Asian currencies mixed in muted trading

Asian currencies mixed in muted trading SINGAPORE (Dow Jones): Asian currencies were mixed in muted trading Wednesday. With markets in Japan closed for the Golden Week holiday, activity was influenced mostly by local and technical factors. Most currencies were range bound, except for the Indonesian rupiah, which got a lift after Indonesian officials said they were on the verge of signing a new agreement with the International Monetary Fund (IMF).

RI supports efforts to curb illegal small arms trade

RI supports efforts to curb illegal small arms trade JAKARTA (JP): Indonesia will support international efforts to curb illegal small arms and light weapons trading, as the region as a whole has become fertile ground for such trading. Foreign Ministry's Director of International Organizations, Sudjadnan Parnohadiningrat, said on Wednesday. He also stressed the need for countries in the region to take a stance and deal with the problem which could effect the domestic security.

Police shoot dead six robbery suspects

Police shoot dead six robbery suspects BANDUNG (JP): Six men, believed to be members of a crime syndicate, were shot dead by Bandung Police detectives in a shootout in nearby Cimahi on Tuesday. Another alleged thief, an Army lieutenant, was injured in the drama. Bandung City Police chief Yusuf Manggabarani identified the dead men on Wednesday as Kating Siregar, Asmar Joni Nainggolan, Dani Harahap, Sahat Hasibuan, Ronald Simson Manurung and Deden Sianipar. All were shot in the chest and torso.

A matter of faith

A matter of faith If the Crescent Star Party (PBB) is a reflection of all political parties in Indonesia which use Islamic symbols, then the Islamic movement in this country still has a long way to go before it can become a force to be reckoned with. PBB ended its congress on Monday by reelecting Yusril Izha Mahendra as chairman, but not before losing 18 disgruntled party leaders who now plan to form a breakaway party.

Three ministers deny rumors they will resign

Three ministers deny rumors they will resign JAKARTA (JP): Following days of speculation over their future, three ministers insisted on Wednesday that they would stay in the Cabinet, while another minister opted to abandon the top post of a political party for the sake of his state job. Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said he had fully recovered from exhaustion on Tuesday and vowed to remain in charge of the country's economic policies. "No, I will not quit.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 Music 9:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Documentary 3:30 Soccer: Indonesian League (live) 5:30 TVRI News (in English) 6:00 Talk Show 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 World News 9:30 TV Series: Hotel 10:30 News 11:00 Music Program 2 3:30 p.m. Documentary 4:30 Music 5:30 City News 6:00 TV Drama 6:30 Documentary 7:00 Evening News 7:30 Music 8:00 News TPI 5:30 a.m.

Up in the air

Up in the air I thank Mr. Richard B. Ness of PT. Newmont Minahasa Raya for his courtesy in responding to my article so thoughtfully and openly (The Jakarta Post, April 28, 2000). Mr. Ness says correctly that my article was based on news reports of the settlement terms and not on the settlement document itself. If I understand Mr. Ness correctly, the settlement actually involved a payment of US$500,000 for unpaid taxes and penalties, not $2.5 million.

Mining firms told to be more flexible over regional demands

Mining firms told to be more flexible over regional demands JAKARTA (JP): Mining companies should be more flexible in facing vocal and often demanding provincial administrations, a senior mining official said on Wednesday. Director general of general mining at the Ministry of Mines and Energy Surna Tjahja Djajadiningrat said mining companies should be willing to listen to aspirations of the regions.

Growing tension at Besakih Temple

Growing tension at Besakih Temple By Degung Santikarma KLUNGKUNG, East Bali (JP): As the afternoon shadows lengthen across an elite neighborhood in Denpasar, a normally quiet house becomes a feverish flurry of activity. The booming voice of the father echoes through the halls, ordering the maids to finish pressing his sarong and ceremonial shirt.

Try, Moerdani grilled over Tanjung Priok incident

Try, Moerdani grilled over Tanjung Priok incident JAKARTA (JP): Former vice president Gen. (ret) Try Sutrisno and former armed forces commander Gen. (ret) L.B. Moerdani were questioned on Wednesday over their roles in a 1984 shooting in Tanjung Priok, North Jakarta, that left at least 40 people dead. Try, who was the Jakarta Military commander when the incident took place, was quizzed for around three hours starting from 10:30 a.m.

'labalaba.com' launched

'labalaba.com' launched JAKARTA (JP): The country's Internet market welcomed a newcomer on Wednesday as PT Labalaba Interaktif Adiwara launched its new search engine portal, www.labalaba.com. Company president Farishad Latjuba said the portal would mainly provide different sites allowing users to contribute their own short features, articles and jokes, all of which would be rated by other users through a poll.