Indonesian Political, Business & Finance News

Archive: 23 June 2000

47 articles found

Factories offer free schooling for workers

Factories offer free schooling for workers TANGERANG (JP): Enlightened by the awareness that education is a valuable investment in order to earn a decent living, many casual workers at factories -- with strong support from their employers -- have proudly begun to take part in classes at the plants.

Govt comes under fire over Sjahril

Govt comes under fire over Sjahril JAKARTA (JP): The government came under strong attack from top politicians on Thursday for detaining Bank Indonesia (BI) Governor Sjahril Sabirin on corruption charges.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on June 22 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,200.00 9,200.00 8,656.00 8,744.00 Australian dollar 1 4,923.28 5,528.28 5,197.06 5,254.27 Austrian schilling 1 563.56 632.55 594.90 601.

Dump non-intervention policy ASEAN states told

Dump non-intervention policy ASEAN states told BANGKOK (APF): ASEAN members must dump their cherished tradition of non-interference in each other's affairs or risk never resolving the differences that could drive them apart, Thailand's deputy foreign minister said.

IBRA raises about Rp 2.8t as of mid-June

IBRA raises about Rp 2.8t as of mid-June JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has raised about Rp 2.8 trillion (US$324.07 million) in cash as of June 16, less than 15 percent of the Rp 18.

Rosena chooses family over Sydney Olympics

Rosena chooses family over Sydney Olympics SURABAYA (JP): Most athletes in the world dream of competing in the Olympic Games. But not so with Indonesian women's archer Rosena Gelanteh, who prefers to live a happy life with her family and concentrate on her job rather than the Olympics.

On Pancasila

On Pancasila Dr. Hj. Nina Herlina Lubis, M.S., historian at Padjadjaran University (Unpad) Research Institute and lecturer at the History Department of the School of Letters of Unpad, wrote in the Pikiran Rakyat daily on June 5, 2000 an article titled Straightening out the history of the birth of...

Military officers role in Poso riots investigated

Military officers role in Poso riots investigated MAKASSAR, South Sulawesi (JP): Wirabuana Military Police are investigating the alleged involvement of 28 soldiers in the Poso riots which began on May 23, regional military commander Maj. Gen. Slamet Kirbiantoro disclosed on Thursday.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on June 22, 2000: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 675 0 0 Adindo Foresta Indonesia 350 25 8,218,000 Alakasa Industrindo 600 0 0 Alfa Retailindo 850...

Presidential control of police backed by legal experts

Presidential control of police backed by legal experts JAKARTA (JP): In search of an independent and professional police force, legal experts and a sociologist supported on Friday a proposal to put the National Police under the direct supervision of the president.Legal experts J.E.

Students support Islamic customs

Students support Islamic customs MAKASSAR, South Sulawesi: Hundreds of students rallied at the provincial legislature here on Thursday demanding the adoption of Islamic principles in the province when the regional autonomy law takes effect next year.

Disappointment leads to birth of new moral movement

Disappointment leads to birth of new moral movement JAKARTA (JP): A new moral movement made up of some 33 public figures is emerging out of the growing disappointment at the slow pace of reform under the administration of President Abdurrahman Wahid.

Olympic-trained swimmers undergo selection at PON

Olympic-trained swimmers undergo selection at PONBy Ivy Susanti SURABAYA (JP): The performance at the 15th National Games (PON) of swimmers who attended the Olympic training program will help determine who will be selected to represent Indonesia at the quadrennial event being held in Sydney in...

Residents called on to help rebuild Jakarta

Residents called on to help rebuild Jakarta JAKARTA (JP): Governor Sutiyoso urged city residents on Thursday to use Jakarta's 473rd anniversary as the momentum to rebuild the city after the unrest of past years had left so much destruction.

Free certificates for residents

Free certificates for residents TANGERANG (JP): The Tangerang office of the National Land Agency (BPN) is offering free and simple processing of land certificate applications for residents in four villages of Kosambi district, an official said here on Wednesday.

Bulog puts nonbudgetary funds onto balance sheet

Bulog puts nonbudgetary funds onto balance sheet JAKARTA (JP): The State Logistics Agency (Bulog) has shifted its controversial Rp 383 billion (US$45 million) nonbudgetary funds onto the agency's balance sheet, the agency's chairman Rizal Ramli said here on Thursday.

Supremacy of law vital to rebuild nation

Supremacy of law vital to rebuild nation JAKARTA (JP): Respect and improvement of judicial principles and individual and collective political freedom based on the supremacy of law are needed to rebuild the battered nation, a political scientist said.

Heri Dono genetically engineers 'wayang'

Heri Dono genetically engineers 'wayang'By Prasetyohadi and Pandaya JAKARTA (JP): Lovers of the arts streamed out of Teater Utan Kayu giggling, grinning and even laughing out loud when discussing the bizarre shadow puppet show they had just seen.

Nokia opens new center

Nokia opens new center JAKARTA (JP): Cell phone producer Nokia Mobile Phones Indonesia opened on Thursday a new sales and service center at the Sudirman Central Business District (SCBD) office complex.The company said in a statement the Nokia Professional Center aimed to increase Nokia's...

Striking Cambodian garment worker shot

Striking Cambodian garment worker shot PHNOM PENH (Reuters): Security guards at a Malaysian-owned garment factory shot a 21-year-old female worker in the head on Thursday during a violent protest outside the factory over pay and conditions, police said.

Asian currencies mostly down in late trade

Asian currencies mostly down in late trade SINGAPORE (Dow Jones): Asian currencies were mostly weaker late Thursday after regaining some lost ground following an upgrade in Thailand's sovereign credit rating by Moody's Investors Service Inc., dealers said.

Pupuk Kaltim outgrows its yearly profit target

Pupuk Kaltim outgrows its yearly profit targetBy Berni K. Moestafa BONTANG, East Kalimantan (JP): Scheduled for privatization this year, the country's largest state-owned fertilizer company, PT Pupuk Kaltim, is upbeat that this year's profits will exceed last year's despite the sluggish market.

Guthrie to up RI palm area

Guthrie to up RI palm area KUALA LUMPUR (Dow Jones): Malaysia's Kumpulan Guthrie Bhd. (P.KUG) is awaiting approvals from the Indonesian government to increase its oil palm plantations there to 200,000 hectares, the state-funded Bernama news agency reported Thursday.

Indonesia: How to restore confidence

Indonesia: How to restore confidence This is the second article on restoring confidence by Laksamana Sukardi, former state minister of investment and state enterprises development. JAKARTA (JP): Transparency is obviously a key component of good governance.

Strike brings work at KPC to a halt

Strike brings work at KPC to a halt JAKARTA (JP): A strike by around 150 workers of coal mining company PT Kaltim Prima Coal (KPC) has forced the company to halt its mining operations in East Kalimantan, a senior government official said on Thursday.

Bulogate criminal category

Bulogate criminal category I observed with interest remarks made by police chief Alex Bambang and Attorney General Marzuki Darusman, that the Rp 35 billion drain is a criminal offense.I tend to disagree since a law is missing declaring that these extra-budgetary funds that are floating around are...

Swiss firm to control PT Semen Cibinong

Swiss firm to control PT Semen Cibinong JAKARTA (JP): Swiss cement giant Holderbank Financiere Glarus AG has agreed to increase its stake in publicly listed cement producer PT Semen Cibinong to become a controlling shareholder of the company.

Balongan refinery shut down

Balongan refinery shut down JAKARTA (JP): State oil and gas company Pertamina said on Thursday its Balongan refinery in West Java had been shut down on Tuesday for ten days of maintenance."There were some problems that prevented the refinery from operating at full capacity.

More youths turn street singing as crisis drags on

More youths turn street singing as crisis drags onBy Prabandari YOGYAKARTA (JP): For bus passengers and commuters from Solo (Surakarta) to Yogyakarta, pengamen (street singers) are very familiar. They get on the bus at every major bus stop and get off at the next one.

Roche clarifies

Roche clarifies I am writing in response to an article published on June 22, 2000 in The Jakarta Post entitled Roche rules out withdrawal from RI despite legal fiasco.The article stated that Roche would not pull out of Indonesia even if it loses the appeal over a controversial Rp 281 billion fine...

Leave the rupiah alone

Leave the rupiah alone For better or for worse, the government's decision to detain Bank Indonesia Governor Sjahril Sabirin on corruption charges on Wednesday may have removed one major element of political uncertainty that has bugged the rupiah over these past few months.

Agus receives discharge, 4-year sentence

Agus receives discharge, 4-year sentence JAKARTA (JP): Army Second Lt. Agus Isrok stood motionless when a military court discharged him from the Army on Thursday in addition to sentencing him to four years in prison and fining him Rp 10 million (US$1,176).

Govt to control price of medicine

Govt to control price of medicine JAKARTA (JP): In anticipation of higher medicine prices the government is planning to control prices for branded-generic and patented medicines.An official from the Ministry of Health, Sampurno, said on Thursday that the price of branded-generic medicines can now...

Syahril's resistance

Syahril's resistance The animosity between the President and Bank Indonesia Governor Syahril Sabirin has escalated into open warfare in the media. The President has called Syahril irresponsible, while Syahril has accused the President of interference, which is clearly against the law with respect...

Bambang threatens stubborn debtors

Bambang threatens stubborn debtors JAKARTA (JP): Minister of Finance Bambang Sudibyo warned indebted businesspeople on Thursday to cooperate in settling their debts to domestic banks or risk the seizure of their assets and legal prosecution.

Tanamur marks Jakarta's anniversary in its own way

Tanamur marks Jakarta's anniversary in its own way JAKARTA (JP): Tanamur, the oldest discotheque in the country, celebrated the capital's 473rd anniversary with transvestites wearing overmodified Betawi costumes and seemingly never-ending house music, giving the term 'cross-cultured' an extra twist.

'Illegal' polling on Irian's fate underway

'Illegal' polling on Irian's fate underway JAYAPURA, Irian Jaya (JP): Biak Military chief Lt. Col. Bayu Purwiyono confirmed on Thursday reports that residents of at least 10 villages in the regency had been asked to respond to a poll checking their attitude toward a campaign to set up an...

On racism

On racism Having read Rosaline's article in The Jakarta Post on June...., 2000 titled Expat racism, I find she seems to be a bit racist herself by what she writes.I sympathize if someone has treated her unfairly.

Tragedy of the commons in RI archipelago

Tragedy of the commons in RI archipelagoBy Roger Michael Johnson and Daniel Rosyid SURABAYA (JP): In a project here focusing on the sustainable technological development of traditional fishing vessels, an almost identical set of conclusions have been found to the comments of Mark V.

Where's the aid? ask quake victims

Where's the aid? ask quake victims BENGKULU, Bengkulu: People affected by the recent earthquake here have demanded to see the Rp 700 million aid package Vice President Megawati Soekarnoputri gave to Governor Hasan Zen when she visited the province on June 15.

Where to go in Jakarta: Friday, June 23, 2000

Where to go in Jakarta: Friday, June 23, 2000Exhibitions* Irian Jaya (Papua) Art and Culture Care Exhibition at Arkadia Plaza, Arkadia Office Building, Jl. T.B. Simatupang kav. 88, South Jakarta, until June 24.

Asia-EU links on the brink of a new era

Asia-EU links on the brink of a new eraBy Shada Islam BRUSSELS (DPA): Often-strained relations between the European Union and Asian nations are set to enter a more dynamic phase at a series of meetings in Lisbon next week.

Tension grips Maluku as violence continues

Tension grips Maluku as violence continues AMBON, Maluku (JP): Violence persisted in restive Maluku province on Thursday after overnight clashes here left at least 11 people, including five security personnel, dead.

Ministers accept Cabinet shake-up

Ministers accept Cabinet shake-up JAKARTA (JP): With the Cabinet revamp countdown ticking on, ministers expressed no resistance to their destiny on Thursday.Some of them exhibited traces of tension before and after attending the weekly Cabinet meeting presided over by President Abdurrahman Wahid at...

No autonomy without reform!

No autonomy without reform!By Donna K. Woodward MEDAN (JP): There is a lust in some quarters for the consummation of regional autonomy. Before lawmakers have even had time to shape the new political creature, would-be opportunists are focusing myopically on this economically promising initiative,...

Indocopper pays dividends

Indocopper pays dividends JAKARTA (JP): PT Indocopper Investama Corporation announced on Thursday it would distribute a cash dividend of Rp 702.86 per share for the 1999 financial year, a decrease from the Rp 2,146.16 dividend per share the previous financial year.

Future of Tenda Semanggi hangs in the balance

Future of Tenda Semanggi hangs in the balance JAKARTA (JP): The administration will put Tenda Semanggi, a popular hangout among Jakarta's young elite in South Jakarta, in order because it has violated the building code.