Indonesian Political, Business & Finance News

Archive: 21 June 2000

50 articles found

Rizal Ramli reports 'Detak' for defamation

Rizal Ramli reports 'Detak' for defamation JAKARTA (JP): The National Logistics Agency (Bulog) chief Rizal Ramli filed a report at the Jakarta Police Headquarters on Tuesday over news coverage by Detak weekly tabloid about an alleged bribe attempt.

Visa International

Visa International I refer to Mr. Eddy Noegroho's letter VISA/BNI Card (The Jakarta Post, June 9, 2000). We would like to reassure Mr. Eddy Noegroho that Visa International remains the world's leading payment system, and is accepted at over 19 million locations worldwide, including at more than...

PT Telkom agrees with plan to open up telecom sector

PT Telkom agrees with plan to open up telecom sector JAKARTA (JP): State-owned listed telecommunications company PT Telkom will not oppose the government's plan to remove its monopoly much earlier than the existing schedule, the company's senior executive said on Tuesday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on June 20, 2000: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 675 0 0 Adindo Foresta Indonesia 325 0 1,422,500 Alakasa Industrindo 600 0 0 Alfa Retailindo 900...

Pyongyang summit: Reflections of the South Korean reporter

Pyongyang summit: Reflections of the South Korean reporterBy Chon Shi-yong PYONGYANG: Except for the hoopla surrounding the inter-Korean summit, Pyongyang appeared to be little different from what I had seen on television and learned from the accounts of those who visited the North Korean capital...

Where to go in Surabaya, for Wednesday, June 21, 2000

Where to go in Surabaya, for Wednesday, June 21, 2000Exhibition* Miniature Ship Exhibition and Workshop, at Art Deco Lobby, Hotel Majapahit, Mandarin Oriental, until June 27. Workshop at 10 a.m. to 2 p.m., 6 p.m. to 8 p.m.Performance* Music: Fete de la Musique, at CCCL - French Cultural Center, Jl.

IBRA concedes asset disposal rate still low

IBRA concedes asset disposal rate still low JAKARTA (JP): Deputy chairman of the Indonesian Bank Restructuring Agency (IBRA) Arwin Rasyid acknowledged on Tuesday that the agency's asset disposal rate over the past two years -- 2.5 percent -- was still relatively low.

Complaints over marriage cost

Complaints over marriage cost BANYUMAS, Central Java: Gumelar district residents complained on Tuesday about the high cost of getting married as set by the local office of the Ministry of Religious Affairs (KUA).

Gus Dur says Soeharto worth US$45 billion

Gus Dur says Soeharto worth US$45 billion CAIRO (JP): Speaking at the same place where two-years ago then president Soeharto described reports that he was one of the world's richest men as libelous, President Abdurrahman Wahid said on Tuesday that the former president's wealth is so huge it could...

Alleged gambling operator could face light sentence

Alleged gambling operator could face light sentence JAKARTA (JP): A prosecutor demanded on Tuesday that the Central Jakarta District Court sentence an alleged gambling operator to 10 months imprisonment with eight months for his three employees.

Pegadaian to issue Rp 150b bonds

Pegadaian to issue Rp 150b bonds JAKARTA (JP): State-run pawnshop operator PT Perum Pegadaian will issue Rp 150 billion (US$17.6 million) bonds with an eight- year tenure in mid-July, the company's president Sjamsir Kadir said on Tuesday.

Jakarta and Tangerang to have a joint terminal

Jakarta and Tangerang to have a joint terminal JAKARTA (JP): Jakarta and Tangerang will soon have a new shared bus terminal to provide better, congestion free transportation services for the residents, an official said on Monday.

Student detained over drugs despite exam

Student detained over drugs despite exam PURWOKERTO, Central Java: Local police have pledged to continue detaining high school student Dana, who was arrested for using crystal amphetamine derivative Shabu-Shabu, in a bid to get more information of a possible drug ring.

Bank Indonesia's conversion rates on June 20, 2000:

Bank Indonesia's conversion rates on June 20, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,140.00 9,140.00 8,597.00 8,683.00 Australian dollar 1 4,924.70 5,534.27 5,201.19 5,257.56 Austrian schilling 1 566.65 636.60 598.47 604.77 Belgian franc 1 193.

TNI and civilian achievements

TNI and civilian achievements Dr. Kusnanto Anggoro, a military observer from the Centre for Strategic and International Studies (CSIS) observed that the reformation in the Indonesian Military (TNI) is moving at a snail's pace. TNI is only transferring members to different positions.

Doctors cause health care havoc

Doctors cause health care havoc SEOUL (Reuters): Up to 35,000 doctors in South Korea, upset about a law that will hit their pocketbooks, began an indefinite strike on Tuesday, throwing the nation's health care system into havoc.

The puzzle of good governance

The puzzle of good governanceBy Satish Mishra JAKARTA (JP): The considerable literature on the role of institutions in development suggests that we are far from being able to define an ideal universal institutional structure or incentive which helps define "good governance.

Traditional drugs harming Malaysians

Traditional drugs harming Malaysians KUALA LUMPUR (AFP): Hundreds of brands of unregistered traditional medicines widely available in Malaysia can be deadly because they contain steroids and poison, Health Minister Chua Jui Meng said on Tuesday.

Police arrest Kamra member for stealing handgun

Police arrest Kamra member for stealing handgun TANGERANG (JP): Ciledug Police have charged a 19-year-old civilian militia (Kamra) member with stealing a revolver from a security guard, an officer said on Monday.

RP's Muslims fight for 'usurped' homeland

RP's Muslims fight for 'usurped' homelandBy Girlie Linao MANILA (DPA): A marine proudly waved the Philippine flag, while other jubilant troops gathered for a photo in front of a bombed-out mosque after capturing a key camp of separatist rebels in the southern Philippines.

Locals ask for job at Menara Permai

Locals ask for job at Menara Permai BOGOR (JP): About 1,000 locals residing near the Menara Permai industrial complex at the regency rallied on Monday demanding factories operating in the area to give them jobs.The demonstrators blocked the entrance of the complex from 6 a.m.

Govt to adopt program on the elderly

Govt to adopt program on the elderly JAKARTA (JP): The government is preparing a program to enable people over 60 years of age to become independent and productive.In line with the policy of having the elderly live within the family, a national program is being devised based on studies in...

Regional autonomy

Regional autonomyFrom NeracaThe central government's policy to grant greater autonomy to the regions has been incorporated in Law No. 22/1999 on regional administration and Law No. 25/1999 on financial equilibrium between the central government and regional administrations.

TNI members attacked police station: Witness

TNI members attacked police station: Witness JAKARTA (JP): Driver of the Kopaja public bus who drove a group of men on Monday to Mampang Police subprecinct in South Jakarta identified the mob, who violently attacked the police station and stabbed three men, as military personnel.

Companies under JITF get special treatment

Companies under JITF get special treatment JAKARTA (JP): The Jakarta Stock Exchange (JSX) management has agreed to exempt poorly performing companies from the existing listing requirement if they are engaged in debt restructuring talks with their respective creditors.

Council says KKN remains rampant in administration

Council says KKN remains rampant in administration JAKARTA (JP): The City Council criticized Jakarta Governor Sutiyoso on Tuesday for his failure to clean up corruption, collusion and nepotism practices from his administration.

ASEAN to set up cardiology college

ASEAN to set up cardiology college SINGAPORE (DPA): A College of Cardiology will be set up to pool medical resources and advance research in cardiology in the Southeast Asian region, it was reported on Tuesday.

BCA building and other prime assets for sale

BCA building and other prime assets for sale JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will sell the prime Bank Central Asia (BCA) office building next month in its first attempt to dispose of the property assets surrendered by former bank owners, according to an agency official.

No fake tickets on sale, PON chief Imam Utomo says

No fake tickets on sale, PON chief Imam Utomo says SURABAYA (JP): Chairman of the organizing committee of the 15th National Games (PON) Imam Utomo denied reports that fake tickets were sold during the opening ceremony of PON on Monday.

Observers hail support for Cabinet reshuffle

Observers hail support for Cabinet reshuffle JAKARTA (JP): Political observers have welcomed the apparent show of solidarity for the President in undertaking a Cabinet reshuffle, saying despite the political bickering, it demonstrated that major political parties still put the national interest...

Government battling with refugee dilemma

Government battling with refugee dilemma JAKARTA (JP): The problem of refugees is quickly becoming a major unresolved problem in the country with over three-quarters of a million people displaced from their homes due to various conflicts.

Health regulation for president needed: Amien

Health regulation for president needed: Amien JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais on Tuesday continued his drive for a health requirement to be imposed on the President suggesting that a bill be drafted which clearly defines these criterion for future presidents.

Bus shelters have extra functions for street people

Bus shelters have extra functions for street people JAKARTA (JP): It is now common to see bus shelters in the city being used as trading places, sites for street musicians and even "homes" for vagrants.

N. Maluku flares up again, over 100 die

N. Maluku flares up again, over 100 die AMBON, Maluku (JP): Resurgent violence has shattered weeks of calm in North Maluku, with the military putting the death toll on Tuesday at 108.Outgoing Pattimura Military Commander overseeing Maluku Brig. Gen.

Politics may be behind Tg. Priok probe report

Politics may be behind Tg. Priok probe report The National Commission on Human Rights' committee for the 1984 mass killing in Tanjung Priok, North Jakarta (KPP HAM Tanjung Priok), has come under fire for its report to the House of Representatives (DPR) suggesting to summon parties related to the...

ASEAN to meet allies in Bangkok

ASEAN to meet allies in Bangkok BANGKOK (Reuters): Foreign ministers of the 10-member Association of South East Asian Nations (ASEAN) will hold their 33rd annual meeting in Bangkok on July 24-25, a Thai foreign ministry official said on Tuesday.

Bad governance

Bad governance The way Indonesia's major aid donors are going on about the need to establish good governance, both in public and corporate sectors, raises a question about the objective of this exercise.

Foreign investment dropped by 84% in May

Foreign investment dropped by 84% in May JAKARTA (JP): Foreign direct investment dropped by 84 percent to US$167.6 million in May from $1.084 billion in April, a senior government official said on Tuesday.

Bulogate

Bulogate Principally, corruption, collusion and nepotism (KKN), however insignificant it may look, must be eradicated fairly and justly. But it should not shift the focus away from more important national tasks, i.e.

Govt may sell 25%-35% of its Sucofindo stake

Govt may sell 25%-35% of its Sucofindo stake JAKARTA (JP): The government is considering selling 25 percent to 35 percent of its stake in surveyor company PT Sucofindo as part of this year's privatization program, a senior government official said on TuesdaySecretary to State Minister of Investment...

Malaysia palm oil ends down

Malaysia palm oil ends down KUALA LUMPUR (Reuters): Malaysian palm oil futures surrendered early gains and closed lower on Tuesday in thin volume due to a lack of follow-through support, dealers said.The benchmark third position September contract KPOU0] ended down four ringgit at 1,064 ringgit...

Conductor killed over Rp 200 row

Conductor killed over Rp 200 row JAKARTA (JP): A bus conductor was stabbed to death after a quarrel over Rp 200 with three unofficial traffic wardens operating on Jl. I Gusti Ngurah Rai, Pondok Kopi, East Jakarta, police said Tuesday.

RI-U.S. joint venture enters pulp industry

RI-U.S. joint venture enters pulp industry JAKARTA (JP): A new Indonesian and American joint venture, PT Indokor Callaway, plans to invest a total of US$4 million to build two plants to produce chemicals for the improvement of the quality of the country's pulp and paper.

Balinese boy's day is full of work and play

Balinese boy's day is full of work and playBy Wawan S. Husin SINGARAJA, BALI (JP): Elementary school student Nyoman Sukarma is about 10 years old but his day begins long before school opens.At 5:30 a.m. he wakes up to help his parents set up their coffee stall on Tejakula Beach.

Host E. Java takes lead on PON opener

Host E. Java takes lead on PON openerBy Ivy Susanti SURABAYA (JP): Host East Java stood at top of the medal standings on Tuesday on the first day of the 15th National Games (PON) here with a total of nine golds, four silvers and a bronze.

Soldiers arrested for grenade blast

Soldiers arrested for grenade blast MEDAN, North Sumatra: Local military police have detained and are currently questioning two soldiers in connection with Monday's grenade blast at Meliala Hotel, Bukit Barisan Military Commander Maj. Gen. Affandi said on Tuesday.

DBS bids for Chase's unit

DBS bids for Chase's unit SINGAPORE (AFP): Singapore banking giant DBS Group has mounted an aggressive billion dollar plus bid for Chase Manhattan's retail business in Hong Kong, a report here said Tuesday.

NOL hopes port deal finalized this month

NOL hopes port deal finalized this month SINGAPORE (Dow Jones): Neptune Orient Lines Ltd. of Singapore said Tuesday it expects a final decision on the tender results for a container port project at Tanjung Priok, in Indonesia at the end of June.

Money a strong motive for leaked high school exams

Money a strong motive for leaked high school exams JAKARTA (JP): Thirteen people are currently being investigated as suspects by the National Police for leaking the nationwide senior high school final examinations (Ebtanas).Minister of National Education Yahya A.

Workers killed in dorm fire

Workers killed in dorm fire JAKARTA (JP): A fire destroyed a dormitory housing employees of PT Kencana Aga Lestari on Jl. Raya Wajok, Siantan district, Pontianak regency, West Kalimantan, early on Tuesday morning, killing eight workers.