Indonesian Political, Business & Finance News

Archive: 29 June 2000

57 articles found

One-way ticket to scaffold

One-way ticket to scaffold Minister of Manpower Bomer Pasaribu's statement (The Jakarta Post, June 20, 2000) that "... the government did all it could to save the life of Indonesian maid Warni ..." who was recently "secretly" beheaded in Saudi Arabia, raises some questions and begs for some comments. First, the unfortunate maid was sentenced to death three years ago; why did it take the ministry so long to make the verdict known to the Indonesian people?

Bank Indonesia's conversion rates on June 28, 2000:

Bank Indonesia's conversion rates on June 28, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Tunas Ridean 1Q profits up

Tunas Ridean 1Q profits up JAKARTA (JP): Publicly listed motor vehicle distributor PT Tunas Ridean posted net income of Rp 26 billion (US$3 million) in the first quarter of this year, compared to Rp 800 million in the same period last year. "First quarter results surpassed our Rp 15 billion forecast," the company said attributing the good performance to improved sales and increased consumer financing.

RI forex reserves increase

RI forex reserves increase JAKARTA (JP) Indonesia's international reserve and foreign currency liquidity, more popularly called gross foreign reserves, increased by US$157.8 million to $27.4 billion as of June 24 from $27.2 billion in the previous week. Bank Indonesia said Tuesday that the rise was partly due to the increase in the government's revenues from oil and gas exports.

South, N. Korea fail to reunion case

South, N. Korea fail to reunion case SEOUL (AFP): South and North Korean negotiators holding talks in the North on reuniting families separated for more than half a century failed on Wednesday to settle a thorny issue of a rejected entry to a South Korean journalist, a South Korean pool report said.

Sutiyoso accepts second place in PON

Sutiyoso accepts second place in PON JAKARTA (JP): With an enormous difference in the 15th National Games (PON) medal tally between defending champion Jakarta and host East Java, Jakarta Governor Sutiyoso seemed able to accept the reality that the host would take the overall champion title. Sutiyoso said Wednesday he could understand if Jakarta had to bow out to the host as many national athletes, who previously resided in Jakarta, moved to other provinces especially East Java.

Global firms pack communications and IT expo

Global firms pack communications and IT expo JAKARTA (JP): Leading communications and information technology companies from most parts of the world packed an exhibition on Wednesday to flaunt their latest products and services in the hope of sharing in the country's huge market potential.

Police chief meets U.S. Embassy reps

Police chief meets U.S. Embassy reps JAKARTA (JP): City police chief Maj. Gen. Nurfaizi met with three representatives from the U.S. Embassy at his office on Wednesday. Nurfaizi refused to give details of the meeting and only said that "it was just a discussion". One of the three men from the American Embassy told reporters before leaving the police compound that the talk was about "security assessment". The identities of the U.S. envoys were also not available.

Art forgery, a thorn in Indonesia's cultural bleak side

Art forgery, a thorn in Indonesia's cultural bleak side By Putu Wirata DENPASAR, Bali (JP): In the last few weeks, the Balinese art world has been heavily shaken by a case of art forgery involving the noted painter Nyoman Gunarsa and the art dealer Hendra Dinata. The dispute between Gunarsa and Hendra, owner of Sinyo Gallery in Denpasar, began when the painter found a number of fake paintings bearing his signature and displayed in Hendra's gallery.

Govt urged to help migrant workers

Govt urged to help migrant workers JAKARTA (JP): Some 50 people marched to the Ministry of Foreign Affairs and later to the Saudi Embassy in Jakarta urging intervention to ensure the best legal defense for three Indonesian workers facing murder charges in Saudi Arabia. The protesters, including relatives of the three workers, called on the government to hire top lawyers and translators to defend them in the Saudi courts.

Assembly to vote on constitutional amendment

Assembly to vote on constitutional amendment JAKARTA (JP): The General Session of the People's Consultative Assembly will likely have to vote on constitutional amendments on the issue of a direct presidential election and the general election system as committees have failed to reach a consensus on the contentious items.

U.S. drug firm aids Vietnam

U.S. drug firm aids Vietnam HANOI (AFP): U.S. pharmaceutical firm Pfizer Inc on Wednesday gave communist Vietnam drugs worth $16.8 million to help eradicate the blindness-causing disease trachoma in a move U.S. ambassador Pete Peterson hailed as a model of private charity.

IBRA asks Sjamsul to settle his Rp 28.5t debt

IBRA asks Sjamsul to settle his Rp 28.5t debt JAKARTA (JP): The Indonesian Bank Restructuring (IBRA) called for businessman Sjamsul Nursalim of the Gajah Tunggal Group conglomerate on Wednesday to be cooperative in settling his obligation to the agency. IBRA deputy chairman Mahmuddin Yasin said that the businessman owed the agency some Rp 28.5 trillion (US$3.31 billion).

UN sees way to independence in East Timor

UN sees way to independence in East Timor UNITED NATIONS (Reuters): The UN administrator for East Timor predicted on Tuesday that elections and possibly independence from Indonesia for the former Portuguese colony could take place by the end of next year. But Sergio Vieira de Mello told the UN Security Council during an all-day debate that the devastated territory, plagued by unemployment, a dearth of skilled personnel and an army of homeless, still faced enormous obstacles before independence.

Some 34,000 homeless after fierce floods

Some 34,000 homeless after fierce floods KENDARI, Northeast Sulawesi: Over 34,000 people have been left homeless following floods which hit 145 villages here and two neighboring regencies. The head of the Social Agency, A. Aziz, said that the number of displaced people would continue to rise because there had been no more reports from other deluged areas, including Muna and Kolaka regencies. Rescue workers have so far recovered one body in the natural disaster.

Rebuilding to begin in Bengkulu

Rebuilding to begin in Bengkulu BENGKULU, Bengkulu: State oil company Pertamina, steel producer Krakatau Steel and private television channel Indosiar have been named sponsors of a construction project to rebuild public facilities damaged by a powerful earthquake earlier this month. Governor Hasan Zen told Antara on Wednesday that the sponsors would construct elementary school buildings, medical facilities and doctors' residences.

Tribunal ruling on dumping

Tribunal ruling on dumping HAMILTON, Canada (Dow Jones): Stelco Inc. said the Canadian International Trade Tribunal has ruled that dumped imports of carbon steel plate from Brazil, Finland, India, Indonesia, Thailand and Ukraine "have caused material injury to Canadian producers, including Stelco." In a press release, Stelco said the tribunal also found material injury from subsidized imports of plate produced in India, Indonesia and Thailand.

RI in transition? Or just muddling through?

RI in transition? Or just muddling through? This is the second 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.

'IHT', 'JoongAng IIbo' tie up

'IHT', 'JoongAng IIbo' tie up JAKARTA (JP): The International Herald Tribune (IHT) and JoongAng Ilbo plan to form a publishing partnership in South Korea. According to the announcement jointly issued by the two newspapers in Paris on Tuesday, JoongAng llbo will produce an 8- page section in English that covers news, economy, business, culture and sport in South Korea.

Smokers not beaten by economic crisis

Smokers not beaten by economic crisis BANDUNG (JP): Despite wallowing in poverty, many Indonesians still find enough spare cash to buy cigarettes. A recent survey indicates some 60 million people, most of whom earn less than US$1 a day, are smokers.

Shoemakers seeks duties on Chinese imports

Shoemakers seeks duties on Chinese imports JAKARTA (JP): The Indonesian Footwear Association (Aprisindo) urged the government on Wednesday to impose countervailing duties on imports of Chinese footwear, suspecting dumping practices behind their cheap prices. Aprisindo secretary general Djimanto said the association had sent a letter earlier this month to the Indonesian Antidumping Committee (KADI) requesting the countervailing duties.

JSX to start scripless trading next month

JSX to start scripless trading next month JAKARTA (JP): Ahead of the commencement of scripless trading scheduled for July 11, the Jakarta Stock Exchange (JSX) will hold a few rounds of mock trading to test the computer system starting on Saturday. "Everything else is on schedule. We'll start scripless trading in early July," JSX Head of Communications Division Intan Abdams told The Jakarta Post on Wednesday.

'Kompas' at 35

'Kompas' at 35 In those parts of the world where freedom of expression has long been regarded as a major pillar of democracy, 35 years may not be such a long time for a newspaper to survive.

PDI-P serious about interpellation

PDI-P serious about interpellation JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) legislators were warned by their faction chief on Wednesday to either support a motion for interpellation of President Abdurrahman Wahid or face sanctions. Faction chairman Arifin Panigoro insisted on Wednesday that there should be no detractors among party ranks as it was faction policy. "The interpellation has become the faction's policy and should be supported.

PON: In search of a better format

PON: In search of a better format By Johannes Nugroho SURABAYA (JP): The outbreak of the economic crisis two years ago appeared to mark the beginning of a succession of ruinous incidents against this nation and its identity. The past two years have seen nothing but further subjugation as well as humiliation of Indonesia on the international scale.

Irene contributes more golds for riot-torn Maluku

Irene contributes more golds for riot-torn Maluku By Ivy Susanti SURABAYA (JP): Winning three gold medals at the 15th National Games (PON) does not only mean fame and riches for national women's sprinter Irene Truitje Joseph of Maluku but also a proof of her patriotism.

Drug addicts reach 2 million

Drug addicts reach 2 million MANADO, North Sulawesi: The number of drug addicts in the country has reached an alarming mark of two million, a police official said here on Wednesday. The National Police's director of drugs and addictive substance abuse, Brig. Gen. (Pol.) Sudirman Ail, told a seminar that most of the addicts were aged between 15 and 30 years old, although in big cities like Jakarta, teenagers under 15 had also been affected, Antara reported.

Tri Polyta seeks full approval for its debt restructuring

Tri Polyta seeks full approval for its debt restructuring JAKARTA (JP): Publicly listed PT Tri Polyta Indonesia said on Wednesday that 70 percent of its bondholders agreed to its debt restructuring proposal but it still needed to achieve a unanimous approval to make the debt restructuring take effect. Tri Polyta president Iman Sucipto Umar said the company had to get 100 percent approval of the bondholders as stipulated in the debt agreement between the company and the bondholders.

NU rules out Gus Dur's interference in election

NU rules out Gus Dur's interference in election SEMARANG (JP): Leaders of the country's biggest Muslim organization Nahdlatul Ulama (NU) dismissed on Wednesday speculation that President Abdurrahman Wahid interfered in the election of the new chief of its youth wing GP Ansor. "It is too much if Gus Dur intervenes in the (election) process," said Solahudin Wahid in reference to Abdurrahman, who is his elder brother.

Administration to review its security incentives

Administration to review its security incentives JAKARTA (JP): In a move to improve security in the capital, Governor Sutiyoso hinted on Wednesday he would review the incentives currently given to the police and military. He said the city administration currently allocated one percent of its revenue from vehicle tax (PKB) and vehicle ownership transfer tax (BBNKB) each year to the headquarters of the Indonesian Military (TNI) and the city police.

Djajanti submits new debt repayment proposal to IBRA

Djajanti submits new debt repayment proposal to IBRA JAKARTA (JP): Plantation and fishery concern Djajanti Group sent a new debt repayment proposal to the Indonesian Bank Restructuring Agency (IBRA) on Wednesday to avoid potential legal action by the agency. The new proposal was made amid rumors that IBRA planned to file bankruptcy petitions against four of its largest debtors, including Djajanti, for being uncooperative.

Police arrest seven for ATM thefts

Police arrest seven for ATM thefts DENPASAR, Bali: The Central Java Police arrested a group of seven people on Wednesday for a series of thefts of automated teller machines (ATMs) here. Bali Police spokesman Lt. Col. Y. Suyatmo said on Wednesday afternoon that the seven were arrested in the Central Java town of Temanggung when they were trying to escape a police patrol in a stolen BMW car.

Police tell residents to be wary of telephone fraud

Police tell residents to be wary of telephone fraud JAKARTA (JP): City police have warned people to be wary of telephone fraud, which has been on the increase in the capital lately. Chief of city police detectives Col. Harry Montolalu said seven members of an eight-member gang from North Jakarta were arrested recently, suspected of involvement in a series of telephone frauds throughout the country.

Minangkabau community visits Sjahril

Minangkabau community visits Sjahril JAKARTA (JP): Under the banner of Minangkabau brotherhood, several figures of West Sumatran origins offered bail for their detained "kindred brother" Bank Indonesia Governor Sjahril Sabirin. Describing themselves as members of a so called Minangkabau cultural movement in Greater Jakarta, Gebu Minang, they visited Sjahril at the Attorney General's Office on Wednesday to give him moral support.

Java no longer option for medical graduates

Java no longer option for medical graduates JAKARTA (JP): An overwhelming demand for medical internships in the larger provinces has forced the government to close off certain areas to medical graduates. Minister of Health Achmad Sujudi said the provinces of North Sumatra, Riau, Jakarta, West Java, Central Java, Yogyakarta, East Java and Bali would be off-limits to general practitioners.

Robber shot woman on the palm

Robber shot woman on the palm TANGERANG (JP): Police detectives here are still trying to find two men, one of whom shot his female victim in the hand on Tuesday afternoon after the latter refused to hand over her purse containing, among other things, a cellular phone and Rp 1 million cash. Serpong Police subprecinct chief First Lt.

Organizers revise down visitor target due to transportation

Organizers revise down visitor target due to transportation JAKARTA (JP): With 11 more days to go before closing, organizers of the Jakarta Fair have reduced their visitor target from two million people to 1.5 million. Nugroho Aditomo, corporate communication officer of PT Jakarta International Trade Fair, blamed poor public transportation to the fairground in Kemayoran, Central Jakarta, for the lower than expected turnout at the month-long fair, which ends on July 9.

'Kurma Asih': Turtle defenders on patrol

'Kurma Asih': Turtle defenders on patrol By Kyla Evans When a rare species of turtle suddenly returned, after decades of absence, to nest on the beach in Bali where it was once abundant, local hunters formed themselves into a protection force and now spend much of their time helping to ensure that their traditional turtle population will flourish once more.

Semblance of calm slowly returns to ravaged Ambon

Semblance of calm slowly returns to ravaged Ambon AMBON, Maluku (JP): An uneasy calm returned here on Wednesday as a state of civil emergency entered its second day, but sniper attacks were still reported in several parts of the riot-ravaged town. Yacob Tamaela, 24, a resident of the Batu Gajah area, died when he was shot in the head at about 2 p.m. on Wednesday by an alleged sniper in the Petak Sepuluh area, about 800 meters from his house.

14 killed in train derailment

14 killed in train derailment JAKARTA (JP): At least 14 people died and dozens of others were injured when a cargo train derailed at Jembatan Tinggi, Lembah Anai, West Sumatra on Wednesday. The cause of the derailment remains unclear. Antara reported that the use of the railway in the area has risen in the past week due to the closure of main roads connecting Bukittinggi and Padang Panjang with Padang Pariaman and the provincial capital of Padang.

Asian currencies mixed ahead of Fed interest rate decision

Asian currencies mixed ahead of Fed interest rate decision SINGAPORE (Dow Jones): Asian currencies were narrowly mixed late Wednesday as investors refrained from taking large positions before the Federal Reserve makes its decision on interest rates, taming the U.S. dollar's movements. The Federal Open Market Committee is widely expected to forego another interest rate hike at its two-day meeting, which wraps up Wednesday.

Purged from IKIP

Purged from IKIP On June 1, 2000, I wrote a letter to the chairman of the National Commission on Human Rights (Komnas HAM) about action taken against me and my colleagues -- eleven persons in all -- by the then chairperson of the presidium of the Jakarta Teachers Training Institute (IKIP Jakarta), now State University of Jakarta, Prof. Dr. Hj. Maftuchah Jusuf, along with members of the institute's screening committee and students council.

Alleged shaman mobbed to death

Alleged shaman mobbed to death JAKARTA (JP): A 60-year-old woman in Tambun, Bekasi, was beaten to death early on Wednesday morning by dozens of neighbors who suspected she was a shaman and had practiced black magic, putting their lives at risk, an officer said. "The locals were concerned as they believed the woman was practicing black magic at her house in Kampung Pulo Puter," acting Jakarta Police spokesman Lt. Col. Alex Mandalika said.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 28, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 675 0 0 Adindo Foresta Indonesia 325 -25 5,614,000 Alakasa Industrindo 650 -200 500 Alfa Retailindo 900 0 448,000 Alter Abadi 200 0 1,000 Alumindo Light Metal 1,175 0 25,000 Aneka Kimia Raya 325 0 60,000 Aneka Tambang (Persero) 1,100 25 1,287,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

The politics of early childhood in Bali

The politics of early childhood in Bali By Degung Santikarma DENPASAR, Bali (JP): In a quiet neighborhood on the outskirts of Denpasar, the lazy, humid midday air carries the sounds of a small war. In front of the local village meeting hall, a group of preschool children run in wild circles, giggling, shrieking and teasing each other.

Eddie urges pencak silat referees to improve quality

Eddie urges pencak silat referees to improve quality SURABAYA (JP): Chairman of the Indonesian Pencak Silat Association (IPSI) Eddie M. Nalapraya has urged pencak silat referees to improve themselves in order to make fair judgments. Eddie's impetus came after allegation that pencak silat referees had been unfair during the semifinals of the 15th National Games (PON) at Gelora Pantjasila hall here on Monday. "Our referees are not of superior quality. They still need improvement.

RP military condemns ambush

RP military condemns ambush MANILA (DPA): The Philippines' military chief condemned on Wednesday an ambush by communist rebels that killed 13 soldiers who were returning from a medical mission in a northern province. Armed Forces Chief of Staff General Angelo Reyes vowed to hunt down the New People's Army (NPA) guerrillas behind the attack on the military convoy on Tuesday afternoon in the town of Linomot Jones, Isabela province, 300 kilometers north of Manila.

Europeans mull efforts to free hostages in RP

Europeans mull efforts to free hostages in RP JOLO, Philippines (AFP): Germany, France and Finland were under pressure to launch backdoor efforts to win the release of their nationals among 20 hostages held by Moro extremists in the Philippines, Vice President Gloria Arroyo said on Wednesday. The message was conveyed to Arroyo in Poland on Monday when she met the foreign ministers from the three European countries and Finland to brief them on the 66-day hostage crisis in southern Jolo island.

Indonesia may not join coffee retention plan, says AICE chief

Indonesia may not join coffee retention plan, says AICE chief JAKARTA (JP): Indonesia may not join a global coffee retention plan due to financial difficulties and an estimated drop in coffee exports, chairman of the Association of Indonesian Coffee Exporters (AICE) Oesman Soedargo said on Wednesday. Oesman said the association had difficulties obtaining the Rp 4.9 billion (US$569,767) needed in setting up storage facilities and to allocate reserve funds to support the retention plan.

Civil emergency still 'adequate' for Maluku

Civil emergency still 'adequate' for Maluku JAKARTA (JP): Despite mounting pressure to raise the alert status in the riot-torn Maluku islands to a military emergency, a senior Cabinet member said on Wednesday that the civilian emergency currently imposed on the islands was still "adequate". "I think we will stick to the civil emergency. It is adequate at the moment," Minister of Defense Juwono Sudarsono said after attending a Cabinet meeting.

A sound decision

A sound decision With a state of civil emergency declared in Maluku, it is well to reflect a while on the role of the military. In the case of Maluku, the military have been acting most atypically. They are seen to be present, but they are ineffective in stopping the bloodshed. They go on patrol, but are incapable of preventing ambushes and massacres. They have surrounded the islands but cannot stop arms from being smuggled in.

SBI interest rate jumps to 12.33%

SBI interest rate jumps to 12.33% JAKARTA (JP): The benchmark interest rate on the one-month Bank Indonesia SBI promissory notes increased to 12.33 percent on Wednesday, the highest level since the end of last year. Bank Indonesia said in a statement that its Wednesday weekly auction of one-month SBI notes resulted in a weighted average interest rate of 12.33 percent compared to 11.74 percent last week.

Where to go in Bali for Thursday, June 29, 2000

Where to go in Bali for Thursday, June 29, 2000 Exhibition * Painting Exhibition by Made Duatmika, at the Chedi Gallery, until Jun. 30. 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. Raya Ubud, Gianyar (Phone: 0361 975136), daily, 8 a.m. to 4 p.m. * Museum of Bali, Jl. Letkol Wisnu, downtown of Denpasar (Phone: 0361 2277271), Tuesday to Sunday, 8 a.m. to 3 p.m.

Progress in free trade plan

Progress in free trade plan SINGAPORE (DPA): Trade officials from Singapore and Japan hailed the "excellent progress" made on Wednesday toward a bilateral free trade agreement (FTA) between the two countries. The Joint Study Group exploring the initiative held "substantive and broad-ranging discussions on the merits of a FTA and the mutual benefits it will bring to both countries," said a statement following two days of meetings.

Coffee dispute resolved

Coffee dispute resolved SINGAPORE (AFP): A Singapore appeals court resolved a brewing dispute between coffeemakers by ruling the word "coffeemix" was not exclusive to one manufacturer, the Straits Times reported Wednesday. The court on Tuesday ruled that Super Coffeemix Manufacturing, a listed Singapore company, and an Indonesian firm and the Singapore importer of Indocafe Coffeemix, were both free to use the word "coffeemix" for its products.

Defendant begs Matori for forgiveness

Defendant begs Matori for forgiveness JAKARTA: To a rapt court on Wednesday, the man charged with complicity in the attempted murder of National Awakening Party chairman Matori Abdul Djalil fell to his knees in front of him and begged for forgiveness. "Pak, I am sincerely sorry. I never meant to kill you.

Legal action a must for bad debtors: Kwik

Legal action a must for bad debtors: Kwik JAKARTA (JP): The government must start taking legal action against the country's recalcitrant debtors and former bank owners as one of the preconditions set to obtain the next loan disbursement from the International Monetary Fund (IMF), Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie said on Wednesday.