Indonesian Political, Business & Finance News

Archive: 28 June 2000

49 articles found

IBRA told to publish audit result

IBRA told to publish audit result JAKARTA (JP): President Abdurrahman Wahid ordered chairman of the Indonesian Bank Restructuring Agency (IBRA) Cacuk Sudarijanto on Tuesday to immediately publish and verify the agency's financial audit result. "The President orders the chairman of IBRA to immediately announce the audit result," said a statement issued by the Presidential office following a cabinet meeting late Monday.

Computer classes for dump-site children

Computer classes for dump-site children By Joko E.H. Anwar BEKASI (JP): The unpleasant odors and flies inside the 2-meter-by-4-meter classroom at the nearby Bantargebang garbage dump could not dampen the mood of the children. "It's such fun," Rasiti, 11, commented joyfully on the new computer in front of her. Rasiti and her 30 friends were totally absorbed in their activities in that tiny room on Monday.

Waryadi goes bananas in his collages

Waryadi goes bananas in his collages By Singgir Kartana YOGYAKARTA (JP): Every cloud has a silver lining, so the age- old adage goes. Waryadi, 72, who hails from Tanon village, Colomadu, Surakarta, Central Java, found it to be true.

Australia assures RI on new defense paper

Australia assures RI on new defense paper JAKARTA (JP): Australia sought on Tuesday to preempt Indonesian concerns and suspicions as Canberra launched a new official document seeking to bolster its defense spending. Coming less than a year after the two giant neighbors exchanged bitter words over East Timor, copies of the discussion paper, including the Indonesian translation, were released by the Australian Embassy to the Indonesian media.

Govt, GAM undecided on troop withdrawal

Govt, GAM undecided on troop withdrawal BANDA ACEH, Aceh (JP): Representatives of the government and the Free Aceh Movement (GAM) in the highest forum in Geneva have failed to come to an agreement on the question of a troop withdrawal, an official said here on Tuesday. The two parties eventually gave up discussing the matter with the Aceh-based joint security committee set up following the enactment of a humanitarian pause early this month.

Telkom, Lucent extend ties

Telkom, Lucent extend ties JAKARTA (JP): American telecommunications equipment maker Lucent Technologies and RisTI, the research and development arm of state telecommunications company PT Telkom, have agreed to extend a 1997 agreement to jointly develop intelligent network software in Indonesia.

Puppet masters attend course

Puppet masters attend course BANYUMAS, Central Java: A two-day course was held here on Tuesday and Wednesday for Javanese puppet show masters, which was aimed at guiding them back to basics. Course organizer Suhardi said the course was part of efforts to resist "a worrisome trend of prostitution of the art" among puppet show masters. "Nowadays, many puppet show masters sacrifice the mainstream to satisfy market demands," Suhardi said.

Eduardus Nabunome still enjoys his golden years

Eduardus Nabunome still enjoys his golden years By Ivy Susanti SURABAYA (JP): National men's marathon runner Eduardus Nabunome remained fastest on the track, netting his second gold medal for Jakarta on Tuesday in the men's five kilometers run at the 15th National Games (PON) at Delta stadium in Sidoarjo. The 35-year-old runner, who has taken part in PON five times since 1989, clocked 14 minutes and 54.09 seconds. I Gusti Gede Karang Asem of West Java narrowly trailed in second place with 14:54.

Indonesia really in transition?

Indonesia really in transition? This is the first of two articles by Chris Manning, who heads the Indonesia Project at The Australian National University in Melbourne. He is also co-editor, with Peter van Diermen, of Indonesia in Transition: Social Aspects of Reformasi and Crisis.

Foreign investment up 16.7% in first semester: Minister

Foreign investment up 16.7% in first semester: Minister JAKARTA (JP): The government said on Tuesday that foreign direct investment approvals during this year's first semester rose by 16.7 percent to US$2.1 billion from $1.8 billion during the same period last year. State Minister of Investment and State Enterprises Development Rozy Munir said that until June 15, the number of approved foreign investment projects rose to 589 from 483 during the same period last year.

What's going on?

What's going on? Even without the outbreaks of violence, developments in Indonesia have received vivid interest from the media and the Australian public. They seem to be as confused as the Indonesians living here. They could not believe that the Indonesian National Police chief could summon the President of the country to appear on the witness stand of a criminal or civil court while the President himself is the head of the National Police.

Rich nations want to enslave Muslims: Mahathir

Rich nations want to enslave Muslims: Mahathir KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad opened a meeting of Islamic nations on Tuesday warning that rich countries plan to use technology and the Internet to turn Muslim countries into banana republics.

Bank Indonesia's conversion rates on June 27

Bank Indonesia's conversion rates on June 27 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Oracle starts program to help RI dot-coms

Oracle starts program to help RI dot-coms JAKARTA (JP): Oracle Indonesia, the subsidiary of American software maker Oracle Corp., announced on Tuesday a US$8 million program to help Indonesian Internet start-ups and accelerate e- business momentum in the country. The company said in a statement that under the program, it will provide qualified start-ups with Oracles's best e-business software, technical support and education services virtually free of charge.

Police detain boatpeople

Police detain boatpeople KUPANG, East Nusa Tenggara: Police have detained 42 Afghan and Pakistani boatpeople who officials believed were bound for Australia, police said Tuesday. Alor deputy police chief Maj. Yasirman was quoted by Antara as saying that the group, comprising mainly adult males, was arrested in a small village of Dulolong last week as they were about to board several small boats owned by local fishermen.

Local carmakers want delay in implementation of AFTA

Local carmakers want delay in implementation of AFTA JAKARTA (JP): Indonesian car manufacturers have called on the government to delay the implementation of the ASEAN Free Trade Agreement (AFTA) to give the local automotive industry more time to enter the free competition era.

Amien visits Sjahril to offer moral support

Amien visits Sjahril to offer moral support JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais visited on Tuesday detained Bank Indonesia (BI) Governor Sjahril Sabirin to give him moral support ahead of a possible trial for his alleged role in the Bank Bali scandal. Amien said after his 15-minute talk with Sjahril that he met the BI governor "as a friend". Being a friend, Amien questioned the detention of Sjahril imposed by the Attorney General's Office last week.

What professionalism, Garuda?

What professionalism, Garuda? Well, it's just fantastic that Garuda is promising to "professionalize" its flight service. However, I personally don't care whether Garuda serves my orange juice in a plastic or crystal container; what concerns me, and I assume the majority of other Garuda customers, is whether our flight and luggage will actually arrive at the point of destination. Recently I foolhardily forwarded personal prepaid freight from Australia to Jakarta using Garuda Freight.

Violence defies civil emergency

Violence defies civil emergency AMBON, Maluku (JP): Gunfire and explosions were the sounds of the day here on Tuesday, defying a state of civil emergency imposed across Maluku hours earlier. Blood tainted the soil of what were once known as the spice islands as a security officer was killed and two civilians injured from gunshots, bringing the death toll in a week of violence to 66. Overnight clashes left 13 people, including five security officers, dead. Pvt.

JSX share price spread revised

JSX share price spread revised JAKARTA (JP): The Jakarta Stock Exchange (JSX) will change the price spread in share trading to Rp 5 from the existing Rp 25 early next month, according to JSX president Mas Achmad Daniri. Daniri said here on Tuesday that each point of the JSX Composite Index -- starting on July 3, 2000 -- would be worth Rp 5 to achieve improved market liquidity. "We expect an increased trading volume following the change of the price spread to a lower denomination.

Man gets robbed at city police gas station

Man gets robbed at city police gas station JAKARTA (JP): City police detectives are still in the dark over a recent violent van robbery, which occurred at a gas station inside the Jakarta Police headquarters. A police detective who requested anonymity told The Jakarta Post on Monday that the police report on the crime had been "kept almost hidden," since the time it was made on June 18, the date of the incident. "Police are frankly ashamed of this incident," the detective said.

Tourism training for taxi drivers

Tourism training for taxi drivers JAKARTA (JP): City Tourism Agency held on Tuesday a training course for 100 taxi drivers to improve the city's tourism human resource as well as transportation service. "Drivers are the first party to deal with tourists when the latter arrive in our country.

New OMC rubber contract attracts interest

New OMC rubber contract attracts interest SINGAPORE (Dow Jones): The Osaka Mercantile Exchange's new technically specified rubber 20 grade futures contract has attracted widespread interest and even excitement within the rubber industry, but many participants will adopt a wait-and-see approach when trading starts this week.

RI pledges support for cooperatives movement

RI pledges support for cooperatives movement By Kornelius Purba SINGAPORE (JP): Vice President Megawati Soekarnoputri made her first international performance here on Tuesday by acting as a keynote speaker at the First International Cooperatives Alliance Asia Pacific Forum at the Mandarin Hotel.

New investors in Lippo's unit

New investors in Lippo's unit HONG KONG (AFX-ASIA): Hutchison Whampoa Ltd, China Resources Enterprise and Softbank Corp will take stakes in Lippo group's 80 percent-owned unit Across Asia Multimedia Ltd, the Oriental Daily News reported. The report said Hutchison Whampoa, CRE and Softbank will become strategic partners of Across Asia Multimedia by taking a total of 8.15 percent in the company.

Killers still at large in NTT

Killers still at large in NTT ATAMBUA, East Nusa Tenggara: The killers of two local traders, whose bodies were found near the West and East Timor border on Saturday, are still at large, local police said on Tuesday. Belu police deputy chief Capt. M.

Keeping fit turns back the biological clock for men

Keeping fit turns back the biological clock for men By Clare E. Urwin SURABAYA (JP): Fitness is youth. Staying young by exercising is a smart move. In today's cut-throat world, men have to look competitive in a younger workforce. Socially it is no longer acceptable to disregard one's physique and appearance. Becoming fit is the second tactic needed for dragging back a man's biological clock.

IMF sees three economic problems hampering recovery

IMF sees three economic problems hampering recovery JAKARTA (JP): The International Monetary Fund (IMF) Jakarta representative John Dodsworth said on Tuesday that there are three structural problems hampering Indonesia's economy from achieving a sustainable recovery. Dodsworth said that these include the huge amount of public debt, the large number of private assets under state control, and the massive amount of corporate overseas loans.

Govt vows to curb influx of cheap Chinese goods

Govt vows to curb influx of cheap Chinese goods JAKARTA (JP): The government said on Tuesday it would find ways to curb the influx of cheap Chinese goods, saying their presence has severely undermined local industries. Minister of Industry and Trade Luhut Pandjaitan said that the government would soon start evaluating whether the imports of the cheap Chinese products complied with existing trade regulations.

BII's mutual funds on the net

BII's mutual funds on the net JAKARTA (JP): BII Lend Lease Investment and its affiliate, Sinar Mas Multiartha, jointly launched on Monday a website called Danamas.com to sell mutual funds to the public. BII Lend Lease Investama president Indra Novan Ginting said that the on-line sales of mutual funds was the first service of its kind available in the country. He said the website will give more opportunity to investors living outside Jakarta to buy all types of mutual funds faster and easier.

Military reform a must for political reform

Military reform a must for political reform By Denny J.A. JAKARTA (JP): The links between the military and politics in Indonesia show a graphic of ups and downs. Researcher Ulf Sundhaussen, for instance, described in his book the developments from the recognition of civilian supremacy, the questioning of the concept, the rejection of civilian supremacy to the times of military power at its peak.

Asean energy talk in Hanoi

Asean energy talk in Hanoi SINGAPORE (Dow Jones): Energy ministers of the Association of Southeast Asian Nations will meet June 28 in Hanoi to discuss developing clean energy sources, Asean's power grid project and ways assist members hit by the regional financial crisis, the Vietnam News, an English language daily, reported Tuesday. The ministers will be taking part in the 18th annual Asean energy conference, the newspaper reported, which is being held in Vietnam for the first time.

Unauthorized fee approved by mayor: Tanah Abang Union

Unauthorized fee approved by mayor: Tanah Abang Union JAKARTA (JP): The Union of the Big Family of Tanah Abang (IKBT) maintained on Tuesday it had legal grounds to impose a Rp 2,000 (23 US cents) daily levy on mikrolet (public minivan) drivers serving the Tanah Abang-Kebayoran Lama and Tanah Abang- Kebon Jeruk routes.

Where to go in Surabaya, for Wednesday, June 28, 2000

Where to go in Surabaya, for Wednesday, June 28, 2000 Exhibition * Photo Exhibition at CCCL - French Cultural Center, Jl. Darmokali 10, July 4 to 30. Seminar * Seminar with Franck Michel, at CCCL - French Cultural Center, Jl. Darmokali 10, 7 p.m., June 28. Performance * Summer Concert: Every Step of the Way by Glenn Bagus Zulkarnain at Hotel Majapahit, Mandarin Oriental, at 8 p.m to 9 p.m., July 25. Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl.

Vietnam plenum begins key meeting

Vietnam plenum begins key meeting HANOI (Reuters): The powerful central committee of Vietnam's ruling Communist Party has begun a key meeting that will address the future of state ownership and integration into the world economy, official media reported on Tuesday. The state-controlled Vietnam News Agency said the 170-member committee gathered for the meeting in Hanoi on Monday. It is expected to last more than a week.

Five RI workers overseas may face death sentence

Five RI workers overseas may face death sentence JAKARTA (JP): At least five Indonesian workers overseas have been charged with murder and are facing possible death sentences. Director General of Manpower Placement and Development Din Syamsuddin revealed on Tuesday that two workers in Saudi Arabia, two workers in Singapore and one in Malaysia have all been charged with murder.

Marubeni, IBRA sign MOU on Chandra Asri's debt plan

Marubeni, IBRA sign MOU on Chandra Asri's debt plan TOKYO (Dow Jones): Marubeni Corp. said Tuesday it has signed a memorandum of understanding with the Indonesian Bank Restructuring Agency (IBRA) on a debt restructuring plan for PT Chandra Asri Petrochemical Center, in which the two parties are creditors.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 27, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 675 0 0 Adindo Foresta Indonesia 350 0 4,113,500 Alakasa Industrindo 850 0 0 Alfa Retailindo 900 0 1,071,500 Alter Abadi 200 0 35,000 Alumindo Light Metal 1,175 25 1,500 Aneka Kimia Raya 325 0 69,000 Aneka Tambang (Persero) 1,075 -25 909,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Experts call for military emergency in Maluku

Experts call for military emergency in Maluku JAKARTA (JP): Just a day after a state of civil emergency was imposed on Maluku and North Maluku, observers suggested on Tuesday raising the alert status further to a military emergency to ensure that violence is truly suppressed. Concerns were also raised about the effectiveness of the civil emergency without replacing exhausted, and possibly biased, troops in the area.

City told to improve its shelter program

City told to improve its shelter program JAKARTA (JP): An activist said on Tuesday that the city administration's street children sheltered housing program had failed and suggested it invited nongovernmental organizations (NGOs) to take part in the project. Head of the Indonesian Child Welfare Foundation's child information division, Andri Yoga Utami, pointed out that the failure of the administration to carry out the program was due to improper planning and lack of qualified human resources.

Malaysia palm oil ends lower

Malaysia palm oil ends lower KUALA LUMPUR (Reuters): Malaysian palm oil prices closed lower on Tuesday, but volume was tiny as most players stayed away from physical and futures markets, traders said. They said the weakness reflected losses at the Chicago Board of Trade (CBOT). The benchmark third position September futures contract ended down six ringgit at 1,045 ringgit ($275) a ton. Overall volume stood at 590 lots, down from 846 lots on Monday.

Women's group slams KL Muslim authorities

Women's group slams KL Muslim authorities KUALA LUMPUR (AP): A Muslim women's rights group has criticized religious authorities for planning to prosecute a well-known Malaysian singer in an Islamic court for being in a restaurant where alcohol was served.

Victims of Poso riots

Victims of Poso riots From Neraca The flaring of riots in Poso regency, Central Sulawesi, has left 200 people dead and 3,000 houses as well as 80 places of worship razed by fire. Three occasions of rioting in Poso have inflicted losses estimated to total some Rp 100 billion. Poso residents have to sustain not only material losses but also the trauma of the riots.

Rates for tax payment, valid from June 26 to July 2

Rates for tax payment, valid from June 26 to July 2 U.S. dollar 1 Rp 8,590.00 Austrian schilling 1 584.12 Australian dollar 1 4,123.94 Belgian franc 1 199.25 Canadian dollar 1 5,818.99 Swiss franc 1 5,192.21 Deutschemark 1 4,111.42 Danish krone 1 1,078.36 French franc 1 1,225.33 Poundsterling 1 12,869.54 Hong Kong dollar 1 1,102.16 Italian lira 100 415.10 Japanese yen 100 8,112.96 Malaysian ringgit 1 2,260.65 Dutch guilder 1 3,647.35 New Zealand dollar 1 4,037.30 Norwegian krone 1 980.65...

Political observers fault leaders with negligence

Political observers fault leaders with negligence JAKARTA (JP): Observers lamented here on Tuesday that all political elites, including President Abdurrahman Wahid, were too busy searching for leverage in the next general election while neglecting their larger responsibilities to the state.

Last chance in Maluku

Last chance in Maluku The imposition of a state of civil emergency in Maluku and North Maluku on Monday may be too little and too late. This is certainly the case for the 3,000 people who have died in, and the hundreds of thousands of others displaced by, the sectarian clashes which first began in January 1999. Both former president B.J. Habibie's and President Abdurrahman Wahid's governments have done very little to try to end the violence.

Deer population at Bogor Palace concerns officials

Deer population at Bogor Palace concerns officials BOGOR (JP): The 804 deer grazing on the 28-hectares Bogor Palace grounds is worrying the palace staff because of the limited amount of grass for their feeding. According to the palace head of protocol Endang Sumitra, the grass on the 20 hectares allowed for feeding the deer is only sufficient for feeding 500 deer. "This is one of the primary problems the Bogor Palace is facing," Endang told The Jakarta Post on Monday.

New oil project to ease RP burden

New oil project to ease RP burden MANILA (AP): The Malampaya natural gas power project near the western Philippine island of Palawan should help reduce the country's dependence on imported oil by at least 25 percent in less than two years, energy officials said Tuesday. Energy Secretary Mario Tiaoqui said the project should bring in revenues of around US$400 million yearly once operations start at the end of 2001.

Sampoerna pays dividend

Sampoerna pays dividend JAKARTA (JP): Shareholders of cigarette maker PT HM Sampoerna approved on Tuesday the management's proposal to distribute a cash dividend of Rp 500 (about 6 U.S. cents) per share for the 1999 financial year. Finance Director Eka Dharmajantokasih said the shareholders would only receive Rp 250 of the dividend because the other Rp 250 had been paid as an interim dividend several months ago.