Indonesian Political, Business & Finance News

Archive: 3 June 2000

53 articles found

Angry fishermen torch trawlers

Angry fishermen torch trawlers PALEMBANG, South Sumatra: Dozens of local fishermen in Musi Banyuasin regency burned three trawlers on Wednesday, injuring three people. South Sumatra Police spokesman Maj. Arum Priyono said on Friday skippers of the trawlers, identified as Indra, Arbain and Kajo Subowo, survived with minor burns. Arum said the arson was triggered by the fishermen's anger with the presence of the trawlers, which they accused of stealing their livelihood.

Abdurrahman to visit Portugal

Abdurrahman to visit Portugal JAKARTA (JP): In a sign of improving relations between Jakarta and Lisbon, Portugal's visiting Foreign Minister Jaime Gama said on Friday that President Abdurrahman Wahid had agreed to visit the country later this year. The visit is expected to occur in September. "I have the honor to convey the Portuguese President's invitation to President Wahid to pay an official visit to Portugal this year ...

On direct elections

On direct elections If, as you suggest in your June 2 editorial, Indonesia holds a direct presidential election in 2004, it should use a one person- one vote system with 50 percent plus one needed to win. This would avoid the anti-Javanese bias of the 1999 general election and selection of the People's Consultative Assembly (MPR).

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 2, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 725 0 0 Adindo Foresta Indonesia 275 0 75,500 Alakasa Industrindo 950 0 0 Alfa Retailindo 800 0 306,500 Alter Abadi 125 0 3,000 Alumindo Light Metal 1,000 -200 10,000 Aneka Kimia Raya 300 0 15,000 Aneka Tambang (Persero) 1,075 25 3,112,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Crisis boosts govt debt to $134 billion

Crisis boosts govt debt to $134 billion JAKARTA (JP): Indonesia's economic crisis increased government debt to US$134 billion, or about 83 percent of gross domestic product (GDP), in the early part of this year from $53 billion, or 23 percent of GDP, before the crisis started in the middle of 1997, according to the latest World Bank report. The bank said that nearly three-quarters of the increase was domestic debt to finance the government's bank restructuring and recapitalization program.

Government policies

Government policies I fully agree with the government policies implemented after careful consideration and through thoughtful deliberation. Hence, I call on all of us to help the government realize its policies in the efforts to solve the prevailing problems and to give the government a chance to finish its five-year term.

Fund established for reform projects

Fund established for reform projects JAKARTA (JP): In a bid to boost the process of economic and social reforms in Indonesia, the government and several foreign institutions have established an organization to help fund various reform projects. Some US$50 million in grants is eventually expected to be made available.

PT Pos Indonesia says stamp prices must go up

PT Pos Indonesia says stamp prices must go up BANDUNG (JP): State-owned postal company PT Pos Indonesia (Posindo) announced on Friday that it would propose a significant increase in the cost of stamps due to rising operational costs. Posindo spokesman M. Sabarudin said the company would specifically ask for hikes in the cost of sending regular letters, aerograms and postcards.

Blaming politics for the abyss

Blaming politics for the abyss By Satish Mishra JAKARTA (JP): It is fashionable these days to blame politics for everything. The downward revision of national income projections by the Central Bureau of Statistics, the slow progress of asset sales under the Indonesian Bank Restructuring Agency and the swings in the value of the rupiah relative to the dollar have one thing in common: political instability, lack of political will, money politics or just plain politics.

Cargill enters RI plantation

Cargill enters RI plantation SINGAPORE (Dow Jones): Cargill Inc., Golden Agri-Resources Ltd. and Temasek Holdings signed a joint venture agreement Friday to own, develop and operate palm-oil plantations in Indonesia, according to a Golden Agri-Resources' company release. The pact combines the strengths of each partner. Cargill's global trading capabilities, Golden Agri-Resources' experience in managing Indonesian palm-oil plantations and Temasek's investment experience in Asia, the release said.

Dutch buildings designed modestly, experts say

Dutch buildings designed modestly, experts say JAKARTA (JP): The Dutch colonial government didn't construct tremendous buildings during their decades of rule in ancient Jakarta, and this is chiefly because they were concerned with making money, experts said on Wednesday.

Fire razes nine houses in Kramat Jati

Fire razes nine houses in Kramat Jati JAKARTA (JP): Fire razed nine stores in Kramat Jati district, East Jakarta, at midday on Friday, a firefighter said. Tukiman said the fire broke out at about 1:30 p.m. and razed the stores, which had been converted from homes. An electronic store, a privately owned telecommunications booth and a retail store on Jl. Raya Bogor were among the destroyed property.

Drunken sergeant assaults masseuse

Drunken sergeant assaults masseuse PURWOKERTO, Central Java: About 200 residents of Kaliori subdistrict here marched to Wijaya Kusuma Military Command on Thursday night to protest the beating of a masseuse named Yanti by Sgt. Roy for undisclosed reasons. The command's intelligence chief, Lt. Col. Ahmad Safuan, said on Friday the villagers were angered by Roy's behavior who often turned violent when he was drunk at the massage parlor.

Badminton fan

Badminton fan I am a Malaysian citizen and a fan of badminton. I praise the Indonesian badminton players. I think they are really wonderful. Kudos to them! They have shown their might and capability, despite the fact that Indonesia has been plagued by various problems, and succeeded in retaining the Thomas Cup. I would like to ask whether there is a badminton fan club in Indonesia which I could join via a website. I particularly admire Hendrawan, Rexy and Taufik Hidayat.

Papuans reject the creation of provisional govt

Papuans reject the creation of provisional govt JAYAPURA, Irian Jaya (JP): A majority of participants at a landmark conference on the future of Irian Jaya rejected on Friday an idea to create a provisional government in exile for an independent West Papua state, fearing the move would trigger a harsh counter-measure from Jakarta.

Govt urged to act to curb fuel smuggling

Govt urged to act to curb fuel smuggling JAKARTA (JP): A Reform faction legislator has called on the government to take strict measures against "rife" fuel smuggling which he said was causing massive losses to government and consumers. "The government must take strict action because smuggling has caused diesel oil and kerosene scarcities in Central and East Java, East Kalimantan and several other provinces," faction deputy-secretary Alvin Lie said.

Once prestigious Stovia building revisited

Once prestigious Stovia building revisited By Ida Indawati Khouw In commemoration with the recent May 21 National Awakening Day, the following 41st article of a weekly series on historical protected sites in the capital focuses on the Stovia building, a key component in the creation of Awakening Day. JAKARTA (JP): In the old days, it was a big and prestigious name.

End the Soeharto Era

End the Soeharto Era At long last, someone in the Cabinet has the guts to publicly unveil the face of the provocateurs behind the various conflicts which have wreaked havoc in Indonesia these past two years. Minister of Defense Juwono Sudarsono echoed what has been on the minds of most people in this country when he said on Thursday that the series of riots and disturbances plaguing Indonesia were linked to the supporters of former president Soeharto.

Laskar Jihad link in Nganjuk blast negated

Laskar Jihad link in Nganjuk blast negated SURABAYA (JP): A survivor and prime witness of Tuesday's car blast in Nganjuk has denied any links with the Laskar Jihad Ahlus Sunnah Wal Jamaah (Jihad Force) and said he thought he was only transporting foodstuff.

Global Sources to launch RI portal

Global Sources to launch RI portal JAKARTA (JP): The Hong Kong-based Global Sources Ltd., a leading B2B market maker and e-commerce solutions provider for the global trade community, announced on Friday that it has signed a licensing agreement with PT Global Jaringan Nusantara (PT Global) to establish a new local portal, Indonesian Sources Online.

Police general implicated in corruption

Police general implicated in corruption JAKARTA (JP): At least one of three police generals, accused of alleged malfeasance involving Rp 300.77 billion (US$35.4 million) of the National Police 1999-2000 Crash Funding Program, has been implicated in corruption, an official said on Friday. National Police chief Gen. Rusdihardjo told reporters on the sidelines of a reception for his promotion to four-star general that his office was gathering more evidence to proceed further with the case.

Suspicious parcel found outside Salvator Church

Suspicious parcel found outside Salvator Church JAKARTA (JP): The West Jakarta police are still waiting for the National Police examination results of an object, believed to be a bomb, found outside the backdoor of Salvator Christ Church on Jl. K.S. Tubun on Thursday, an official said. "I haven't received the official results yet. The question is whether it was a real bomb or not. From the looks of it, no... but I'd have to wait for the official results," West Jakarta Police chief Col.

Asian currencies rise on news of RI capital control plan

Asian currencies rise on news of RI capital control plan SINGAPORE (Dow Jones): Mounting confusion over whether Indonesia would impose capital controls and the resilience in most regional stock markets lifted Asian currencies late Friday, dealers said. Remarks by Indonesian officials Thursday downplaying the possibility of capital controls being imposed to stabilize the rupiah did little to ease market jitters.

Man reports car robbery

Man reports car robbery JAKARTA (JP): A man reported on Friday the robbery of a rented 1995 model silver Mercedes Benz to the city police headquarters, and that he had allegedly been drugged by the thieves. A city police detective identified the man who lodged the complaint as Subur, 36, a resident of Bali Matraman in Manggarai Selatan, South Jakarta. "Subur named a lawyer, Syamsuddin Abdullah, as one of the witnesses.

Three more parking operators adjust rates

Three more parking operators adjust rates JAKARTA (JP): Three more parking operators adjusted their rates in line with a city-mandated regulation on Friday to avoid the prospect of their premises being sealed off by the administration. Head of City Parking Agency Yani Mulyadi said the three -- operators at Cipto Mangunkusumo General Hospital, Sentra Mulia and Menara Mulia -- brought the list of operators who had succumbed to his warning letters to 25.

KONI to clarify report on illegal migrant workers

KONI to clarify report on illegal migrant workers JAKARTA (JP): Secretary General of the National Sports Council (KONI) Rudolf S. Warouw said he would invite representatives of three sports organizations to respond to allegations that they had sent illegal migrant workers overseas by falsely identifying them as athletes and sports official.

Govt mulls capital control to protect rupiah

Govt mulls capital control to protect rupiah JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan confirmed on Friday that the government was studying the possibility of imposing capital control to arrest the falling rupiah. "Frankly speaking, Indonesia's foreign exchange regime is so liberal that we need to make some necessary adjustments," he told reporters.

Sapuan shifts blame to Gus Dur, Suwondo

Sapuan shifts blame to Gus Dur, Suwondo JAKARTA (JP): Suspended National Logistics Agency (Bulog) deputy chairman Sapuan pointed his finger on Friday at President Abdurrahman Wahid and his masseur, Suwondo, in connection with a Rp 35 billion scam, saying the two know where the money is and why it was taken.

BPS reports continued upward trend in exports

BPS reports continued upward trend in exports JAKARTA (JP): The upward trend in exports continued in April, according to the Central Bureau of Statistics (BPS), indicating that the economy is still recovering. Newly appointed BPS chief Soedarti Surbakti said April's exports increased by 0.65 percent to US$4.97 billion compared to $4.94 billion in March.

Little-known dugong center stage at Sea World bash

Little-known dugong center stage at Sea World bash By Jihan F. Labetubun JAKARTA (JP): Many people think the strange creature with the Latin name dugong dugon is a fish, and it is indeed the stuff of myth. The dugong, along with the now extinct sea cow and the endangered manatee, is believed to have been the inspiration for sightings of mermaids by seafarers who, after many months away from their loved ones, mistook its form for enticing sirens of the deep.

Thais come to the aid of elephant

Thais come to the aid of elephant BANGKOK (AFP): A group of Thai specialists will leave for Indonesia in two weeks to tend to a sick elephant and bring the animal back home, a government minister said Friday. "The mission will leave Bangkok on June 17 ... and then travel by boat to (the Indonesian province of) Aceh," where they will try to rescue an ailing 35-year-old elephant named Plai Kingkaoe, said Pavena Hongsakul, the office minister for the prime minister.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on June 2, 2000: Bank notes rates Buying Selling Rp Rp U.S.

Where to go in Jakarta: Saturday, June 3, 2000

Where to go in Jakarta: Saturday, June 3, 2000 Exhibitions * Painting Exhibition by Eddy Sundara, at Negeri Lama Gallery, Jl. Cinere Raya A-36, South Jakarta (Phone: 7543133), 10 a.m. to 7 p.m., until June 25. * Painting Exhibition by John Van Der Sterren at Galeri Kafe Linggar, Jl. Kemang Timur No. 36, South Jakarta (Phone: 7990008), until June 5. * Photo Exhibition: Absolutely Asia by Paul Beiboer, Duta Fine Arts Foundation, Jl. Kemang Utara 55A, South Jakarta (Phone: 7990226), until June 8.

'Antara' Bali has new chief

'Antara' Bali has new chief DENPASAR, Bali: Antara chief editor Mohamad Sobary installed on Friday Chandra Hamdani Noor as the head of the news agency's bureau in Bali, replacing IGB Alit Wiratmaja. In his remarks, Sobary criticized the national press for abusing its freedom by allowing "a spill-over of anger and revenge". The phenomenon, he said, has spread fear, anxiety and threat.

Equity research report on BCA

Equity research report on BCA I refer to my article Report on Bank Central Asia: Setting the record straight (The Jakarta Post, May 31, 2000), I would like to make some corrections on the mistakes found in the first paragraph. The paragraph reads: There are several misconceptions related to the analysis contained in the equity research report on the Bank Central Asia prepared by its lead underwriter PT Danareksa, as reflected in the article by Melville S.

Truce takes effect in Aceh despite murder of rebel leader

Truce takes effect in Aceh despite murder of rebel leader BANDA ACEH, Aceh (JP): The three-month long truce between the Indonesian government and the Free Aceh Movement (GAM) separatist rebels officially took effect on Friday, despite the murder of rebel leader Teuku Don Zulfahri in Malaysia on Thursday. Security in the strife-torn province was generally good for the landmark day although rain poured on the capital city of Banda Aceh.

Taufik vows to retain Indonesia Open title

Taufik vows to retain Indonesia Open title JAKARTA (JP): Indonesian rising star Taufik Hidayat has vowed to retain the Indonesian Open title that he won last year in Bali. This year's tournament will be held at Senayan indoor stadium from July 19 to July 23. "As a defending champion, I want to maintain my domination here. But I will feel terribly sorry if China does not take part in this tournament," Taufik told a media briefing on Friday.

Gus Dur on estates

Gus Dur on estates From Republika I worked for a long time at state-owned estates (PTP), even before the nationalization of Dutch-owned companies in 1957, until I retired in 1984. I feel deeply concerned about President Gus Dur's statement on May 23, 2000 in front of the participants of the National Conference on the Management of Natural Resources. The President said that "Those estate companies have, in fact, stolen land (belonging to the people).

Sutiyoso disappointed at renewed Matraman brawls

Sutiyoso disappointed at renewed Matraman brawls JAKARTA (JP): Governor Sutiyoso said on Friday that he was deeply disappointed at the fresh outbreaks of mass brawls between two neighborhoods near Jl. Matraman Raya, East Jakarta, in spite of a joint forum to bridge the two communities.

Dharmala Intiland not part of Dharmala Sakti

Dharmala Intiland not part of Dharmala Sakti JAKARTA (JP): Disturbed by the bankruptcy status of its sister company, PT Dharmala Intiland clarified on Friday that it had separate operations with the recently bankrupt company, PT Dharmala Sakti Sejahtera. "The two companies operate separately and independently from each other," Dharmala Intiland said in a statement available to The Jakarta Post.

RI asks Malaysia to jointly probe timber theft

RI asks Malaysia to jointly probe timber theft JAKARTA (JP): Indonesia has suggested the Malaysian government form a joint fact-finding mission to investigate the illegal timber trade across the border between the eastern part of Kalimantan and the Malaysian state of Sabah. Secretary-General of the Ministry of Forestry and Plantations Suripto said his ministry made the suggestion to Malaysia on Friday through its ambassador here and it was positively received.

Keeping the rupiah in check

Keeping the rupiah in check Money, at present, is not just legal tender. It has become a commodity as well as a war device, or an instrument to topple a government. For those reasons it is extremely difficult to keep the rupiah in check. The currency is very exotic and has proved itself to be profitable to speculators. Indonesia's geopolitical position and its great influence on its neighbors are additional factors that must be considered.

Bus plunges in Padang ravine

Bus plunges in Padang ravine PADANG, West Sumatra: Two people died and eleven were injured when an "Amanah" intercity bus, on its way to Padang from Sijunjung, plunged into a ravine, 15 meters deep, at the Panorama Satu Sitinjau Lauik curve on Friday morning. Antara reported that apparently the brakes failed on the 32- passenger bus and the driver, Syahrul Ahyar, could not control it.

Govt lifts ban on imports of luxury cars

Govt lifts ban on imports of luxury cars JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan revoked on Friday a decree that banned the import of luxury cars, but will impose a high rate of duty to replace the ban. Ministerial Decree No.192/2000 revokes decree No 49/2000, which then minister of industry and trade Yusuf Kalla issued last February to ban the imports of luxury cars.

Asmindo sets up foundation

Asmindo sets up foundation YOGYAKARTA (JP): The local branch of the Indonesian Association of Furniture and Handicraft Industry (Asmindo) announced on Thursday the establishment of a foundation to help promote furniture and handicraft industries in the city. The chairman of the Asmindo Yogyakarta Foundation Supriyanto said at least 70 furniture and handicraft manufacturers in the area were currently involved in the foundation's activities.

The Euro: A cold reception for strong money

The Euro: A cold reception for strong money By Frank Vinke This is the last of a two-part article looking at the fate of the euro and its prospects. JAKARTA (JP): What then has been the driving force behind the euro's decline? The answer is as simple as it is illusive: market sentiments. These have been positive towards the dollar and negative towards the euro. Views on the dollar are linked to the United States economy, which has obtained the image of being like a super-economy.

IBRA picks BNI, Deloitte to aid in commercial credit settlement

IBRA picks BNI, Deloitte to aid in commercial credit settlement JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has selected a consortium of Bank Negara Indonesia (BNI) and Deloitte Touche Tohmatsu to handle the commercial credit settlement in the second round of its outsourcing program.

Most Asian stock markets end higher

Most Asian stock markets end higher HONG KONG (AP): Most Asian stocks markets ended the week higher Friday on the back of an overnight rally on Wall Street. Singapore shares posted the sharpest gains, with the Straits Times Index rising 73.14 points, or 4 percent, to 1,910.40. In Hong Kong, the blue-chip Hang Seng Index rose 342.91 points, or 2.3 percent, closing at 15,284.10. On Thursday, it gained 227.33 points, or 1.6 percent.

Bandung shoe factory razed

Bandung shoe factory razed BANDUNG, West Java: A fire razed PT Primarindo, said to be one of the biggest shoe factories in Asia, causing losses of hundreds of millions of rupiah. The fire occurred in Rancabolong, Gedebage district on Friday at dawn. It took five-hours before the fire was extinguished. No fatalities were reported.

Sjahril questioned over scandal-linked meeting

Sjahril questioned over scandal-linked meeting JAKARTA (JP): Governor of the Bank Indonesia (BI) Sjahril Sabirin on Friday maintained his alibi during questioning to verify reports that he was present in a meeting linked to the Bank Bali scandal. "I have already given my testimony, and I am consistent with my statement. I did not attend the meeting on Feb. 11 (last year)," Sjahril told journalists during a break from his questioning at the Attorney General's Office.

Supreme Court employee arrested

Supreme Court employee arrested JAKARTA (JP): South Jakarta Police detectives arrested on Thursday an employee of the Supreme Court, for alleged possession of three guns, 70 bullets, a small packet of marijuana and equipment for smoking shabu-shabu (crystal methamphetamine), in a room of a South Jakarta hotel. South Jakarta Police chief Lt. Col.

Soeharto files suit against attorney general

Soeharto files suit against attorney general JAKARTA (JP): Only two days after the Attorney General's Office issued a ruling on Monday that former president Soeharto be put under house arrest, the country's former strongman has struck back challenging the validity of the ruling. Spokesman to the South Jakarta District Court Soedarto confirmed on Friday that the court received the pretrial lawsuit on Wednesday. "The lawsuit is now in the hands of the Head of the South Jakarta District Court.

Police nab 22 over fake money

Police nab 22 over fake money DENPASAR, Bali: During a series of raids over the past few weeks, local police have arrested 22 suspects for allegedly distributing some Rp 149 million of fake bank notes. Bali Police Chief Brig. Gen. I Wayan Ardjana told a media briefing on Wednesday that among the suspects was a police sergeant major from Badung Police precinct identified only as Mul. "We seized around Rp 25 million of bogus money from Sgt. Maj. Mul, most of it was Rp 50,000 notes," Ardjana said.