Indonesian Political, Business & Finance News

Archive: 30 June 2000

42 articles found

Indonesia rubber output to fall in 2000

Indonesia rubber output to fall in 2000 HAT YAI, Thailand (Reuters): Indonesian rubber output is expected to fall by as much as five percent in 2000 to around 1.47 million tonnes from last year's 1.55 million tons, a top Indonesian Rubber Association official said on Thursday. "Due to low rubber prices last year, some farmers in some regions have shifted to other cash crops such as oil palm," Suharto Honggokusumo, executive director at Indonesia's rubber association told Reuters in an interview.

Where to go in Jakarta: Friday, June 30, 2000

Where to go in Jakarta: Friday, June 30, 2000 Exhibitions * Sculpture, Sketch Exhibition: Dua Perintis at Mon Decor Gallery, Jl. Gunung Sahari Raya no. 1 blok B 13-14, Central Jakarta (Phone: 6299660), Monday to Saturday, 10 a.m. to 6 p.m., Sunday, 10 a.m. to 4 p.m., until July 9. * Sculpture Exhibition: Netherlands Small Size Sculpture, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), until July 29.

Foreign operators question Indonesia's telecoms policy

Foreign operators question Indonesia's telecoms policy JAKARTA (JP): Foreign giant telephone firms France Telecom and Singapore Telecom questioned on Thursday the Indonesian government's planned reform of the country's telecommunications sector, calling it "ambiguous".

Huge flood causes extensive damage

Huge flood causes extensive damage BOGOR (JP): Extensive flooding from four days of torrential rains and storms through Tuesday destroyed crops, irrigation systems, roads, schools, and hundreds of houses in 11 villages in Bogor regency. Mimi, 39, a local resident at Gunung Picung village said on Wednesday flood waters rose suddenly while she and her family were chatting in their house located beside a river.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on June 29, 2000 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

GSM 1800 for Telkom, Indosat

GSM 1800 for Telkom, Indosat JAKARTA (JP): The government will award PT Telkom and PT Indosat with new licenses as mobile telephone operators for the GSM 1800 format as part of its plan to turn the two firms into full network service providers, a government official said. Secretary-general of post and telecommunications Sasmito Dirdjo said on Thursday that the new licenses would likely be delivered in August.

Pressure on Thai govt eases as rival backs off

Pressure on Thai govt eases as rival backs off BANGKOK (AFP): Thailand's Prime Minister Chuan Leekpai won a reprieve on Thursday from intense pressure to call an early election, as an opposition party backed down from its threats to resign from parliament. The Social Action Party (SAP) had threatened to join the New Aspiration Party (NAP) which staged a mass resignation Wednesday as parliament convened for a new session.

Asian monies mixed; U.S. rate worries remain

Asian monies mixed; U.S. rate worries remain SINGAPORE (Dow Jones): Asian currencies were mixed late Thursday, as investors remained guarded on expectations the U.S. Federal Reserve could resume its rate tightening cycle. Asian currencies barely reacted to the Federal Open Market Committee's vote, at the end of their two-day meeting Wednesday, to hold the key federal funds rate steady at 6.50 percent. The Fed had implemented six interest-rate increases since June 1999.

Pujiono: 'Kendang' maker with a modest life

Pujiono: 'Kendang' maker with a modest life By Singgir Kartana BANYUWANGI, East Java (JP): To many, the kendang, a small drum covered with leather at each end, is just another musical instrument. To Pujiono, 44, however, it signifies life itself. Thanks to this musical instrument, which is made of wood and cow hide, he can feed his family. So when a kendang is played in the morning, his life spirit soars to welcome another day.

Students demand closure of IIU

Students demand closure of IIU MEDAN, North Sumatra: Dozens of activists of the Indonesian Christian Students Movement (GMKI) rallied in front of the Inti Indorayon Utama (IIU) pulp company here on Wednesday. Dressed in traditional costumes along with ulos scarfs, the students began to throng the company office on Jl. Iskandar Muda at around 10 a.m. Some of them delivered public speeches, while their friends chanted traditional songs and performed Tortor dances.

Jakarta surrenders PON title to E. Java for the first time

Jakarta surrenders PON title to E. Java for the first time By Ivy Susanti SURABAYA (JP): East Java secured the overall champion title of the 15th National Games (PON) for the first time in history by collecting 130 golds, 105 silvers and 113 bronzes. Defending champion Jakarta was runner-up after earning 114 golds, 83 silvers and 92 bronzes. Ironically, Jakarta earned its first overall champion title and lost it for the first time in Surabaya.

Rp 5 million for Soewondo

Rp 5 million for Soewondo From Neraca The settlement of the case related to the manipulation of the Yanatera Foundation (dubbed Bulogate) is nearing completion. The Jakarta Police have interrogated a number of people allegedly involved in this case and have even obtained information from President Abdurrahman Wahid and a number of people from the palace. However, the police have still yet to find and arrest the chief perpetrator.

Emergency status in Maluku takes effect at snail's pace

Emergency status in Maluku takes effect at snail's pace AMBON, Maluku (JP): With open attacks largely suppressed in Ambon, sniper fire has become the most immediate concern for many residents. Throughout the city sporadic solo gunfire, believed to come from gunmen hiding in ruble and vacated buildings, could be heard as the state of civil emergency in Maluku and North Maluku entered its third day on Thursday. Rosa Pieters, a woman who was shot by a sniper a day earlier, died on Thursday at Dr.

BI says recent increase in interest rate is 'temporary'

BI says recent increase in interest rate is 'temporary' JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution said on Thursday that the sharp increase in its benchmark interest rate was "temporary" due to the sudden high liquidity demand in the interbank money market. Anwar said that several banks suffered funding mismatches and had to go to the interbank money market to get liquidity, causing the interest rate to jump.

People have yet to adjust after a regime change

People have yet to adjust after a regime change The following is the first part of an interview with Greg Barton Ph.D, senior lecturer at Deakin University, Australia, who is also the authorized biographer of Indonesian President Abdurrahman "Gus Dur" Wahid. An expert on liberal Islam in Indonesia, Barton started writing the biography a long time before Gus Dur became President last October. He expects to finish the book toward the end of this year.

Non-budgetary funds 'must go' into state coffers by July 10

Non-budgetary funds 'must go' into state coffers by July 10 JAKARTA (JP): Finance minister Bambang Sudibyo announced on Thursday that all non-budgetary funds belonging to government ministries and state agencies, including the military, must be transferred to a special state revenue account by July 10 at the latest.

Police to replace Paspampres, says Gen. Rusdihardjo

Police to replace Paspampres, says Gen. Rusdihardjo JAKARTA (JP): National Police Chief Gen. Rusdihardjo disclosed on Thursday that the Presidential Security Detail (Paspampres) would be dissolved soon and the duty would be handed over to police personnel.

Foreign investment has yet to recover

Foreign investment has yet to recover JAKARTA (JP): Despite an increasing number of foreign investment projects, the capital may see a decline in investment value this year, an official said on Thursday.

Wealth commission candidates named

Wealth commission candidates named JAKARTA (JP): The House of Representatives on Thursday announced a lineup of 204 candidates for a 45-member commission to audit the wealth of state officials. The House Commission II for home and legal affairs said that the announcement was aimed at subjecting the 204 names to public scrutiny. Antara reported that among the candidates were the Indonesian Corruption Watch's Teten Masduki, human rights activists Bambang Widjojanto, Zoemrotin K.S.

270 refugee feared dead as ship sinks

270 refugee feared dead as ship sinks AMBON, Maluku (JP): A boat carrying at least 270 refugees fleeing sectarian violence in Tobelo, Halmahera island in North Maluku, is believed to have sunk somewhere in the Sahu waters off the northern tip of Sulawesi. There was no immediate information on survivors or confirmation of the exact condition of the overloaded ferry.

Dynaplast to buy foreign plant

Dynaplast to buy foreign plant JAKARTA (JP): Shareholders of plastic packaging company PT Dynaplast approved on Thursday the management's proposal to acquire a 51 percent stake of another plastic packaging company based in Thailand, Berli Prospack Co. "We will spend Rp 35 billion to finance the acquisition," said company corporate secretary Gunawan Tjokro after the shareholders meeting. He said the company expected the acquisition to take place in mid-July.

Fire razes disputed bungalows

Fire razes disputed bungalows DENPASAR, Bali: Midday fire destroyed six of nine uninhabited bungalows in Jimbaran, near here, on Thursday. Kuta police subprecinct chief Capt. Made Astawa said strong wind and the fragility of the buildings had helped the fire to spread. It took fire fighters around two hours to douse the flames. Astawa said the bungalows, managed by the Jimbaran Club, had been uninhabited for eight years due to a legal dispute over their ownership.

Gus Dur opens 12th Ansor congress

Gus Dur opens 12th Ansor congress BOYOLALI, Central Java (JP): President Abdurrahman Wahid opened the 12th congress of the Ansor Youth Movement (GP Ansor), the youth wing of Nahdlatul Ulama (NU), here on Thursday, calling on the youth to remain critical in their approach to national problems.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on June 29, 2000: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 675 0 3,000 Adindo Foresta Indonesia 350 25 11,083,500 Alakasa Industrindo 650 0 0 Alfa Retailindo 900 0 283,000 Alter Abadi 200 0 0 Alumindo Light Metal 1,150 -25 8,500 Aneka Kimia Raya 325 0 43,000 Aneka Tambang (Persero) 1,100 0 1,973,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Pertamina promises to probe graft report

Pertamina promises to probe graft report JAKARTA (JP): State-owned oil and gas company Pertamina promised on Thursday it would probe graft allegations amounting to Rp 1.054 trillion (US$122 million) in a recent audit by the Development and Finance Comptroller (BPKP). Pertamina spokesman Ramli Djaafar said the company was always open to BPKP's investigations and would take legal actions against any findings of corrupt activities.

Oil tracks sideways above $30 a barrel

Oil tracks sideways above $30 a barrel LONDON (Reuters): Oil prices tracked sideways on Thursday above US$30 a barrel as dealers balanced concerns over the possible release of U.S. government reserves against news of a fall in exports from big Middle East producer Iraq. London Brent blend futures traded 16 cents higher to $30.27 a barrel and U.S. light crude was unchanged at $31.90. U.S.

Vehicular emission

Vehicular emission From Media Indonesia I am very concerned about the air pollution prevailing in Jakarta. One of the causes of pollution is emissions from buses. Many buses emit black smoke from their exhaust pipes, and yet they are allowed to operate freely in the city. On June 22, 2000, which was the anniversary of Jakarta, I was driving to my campus. A medium-sized Big Bird bus with plate number B 7061 BW was in front of me.

Talipot: Journey to the root of the water dance

Talipot: Journey to the root of the water dance By Wawan S. Husin JAKARTA (JP): If you want to laugh and be happy and yet still have something to think about after the curtain has fallen, you may wish to consider attending a performance by Par Le Theater Talipot (Talipot Theater). In Bandung, Talipot Theater performed at Taman Budaya Jawa Barat on June 22. The performance was part of a cooperation between Taman Budaya and CCF Bandung.

'Love Bug' suspect charged in RP

'Love Bug' suspect charged in RP MANILA (AP): Philippine investigators filed criminal charges on Thursday against a computer programming student suspected of having released the "ILOVEYOU" computer virus which crippled e- mail systems worldwide, officials said. The filing of charges against the 23-year-old student, Onel de Guzman, had been delayed while lawyers for the National Bureau of Investigation studied evidence and applicable laws.

Pencak silat fit for exhibition in 2002 Asiad

Pencak silat fit for exhibition in 2002 Asiad SURABAYA (JP): After struggling for several years, traditional martial arts pencak silat finally has a great chance to be featured as an exhibition event at the 2002 Asian Games in Pusan, South Korea. Sakchye Tapsuwan, a sports commission official of the Olympic Committee of Asia (OCA), said the sport would likely be officially featured at the 2006 Asiad.

Students receive emergency fund

Students receive emergency fund PURWOKERTO, Central Java: Around 25 percent of students ranging from elementary to senior high schools here are listed as recipients of state emergency funds under the social safety net program, an official said on Thursday. Secretary of the program's coordinating board here, Hudi Utami, said the number of poor students who received the state fund had nose dived to 38,000 in 1999/2000 fiscal year from around 150,000 in the previous period.

Warni's tragic story

Warni's tragic story The tragic death of Warni in Saudi Arabia could happen to any of the hundreds of thousands of Indonesians working there or in other foreign countries. The 27 year old from Malang, East Java, was executed three weeks ago for murdering her Arab employer in 1998.

Indofood bypasses paying dividens for 1999

Indofood bypasses paying dividens for 1999 JAKARTA (JP): Publicly listed PT Indofood Sukses Makmur said on Thursday it would not pay any dividend for 1999 financial year as most of the Rp 1.4 trillion net profit made during the year would be retained to help pay its debts. "We didn't pay out any dividends this year because Indofood needs to repay debts," Indofood president Eva Riyanti Hutapea said after the company's annual shareholders meeting.

IBRA threatens to confiscate Djajanti's assets

IBRA threatens to confiscate Djajanti's assets JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has threatened to confiscate the assets of plantation and fishery interest Djajanti Group unless it provides the agency with a lump payment of Rp 206.5 billion (US$23.7 million) in cash as part of its debt restructuring deal. The agency, in a letter dated June 28 (Wednesday), a copy of which was made available to reporters, gave Djajanti until Thursday to provide the cash.

In need of help

In need of help From Suara Pembaruan I fully agree with President Abdurrahman Wahid's decision to ask the United States' for assistance in combating corruption, collusion and nepotism (KKN) in this country.

Pest infestation hinders RI cocoa flow, yields

Pest infestation hinders RI cocoa flow, yields SINGAPORE (Dow Jones): Indonesia could have easily produced another 100,000 to 500,000 metric tons of cocoa beans yearly if it hadn't been for a widespread pest infestation in many growing areas across the country, Halim Razak, vice chairman of the Indonesian Cocoa Association of Sulawesi said Thursday. "The pod borer is everywhere in Sulawesi and it's a big problem," Razak told Dow Jones Newswires.

Govt to divest up to 14% stake in Aneka Tambang

Govt to divest up to 14% stake in Aneka Tambang JAKARTA (JP): The government plans to further divest up to 14 percent stake in the state owned general mining company PT Aneka Tambang (Antam) in October either through the stock exchange or direct placement to strategic investors. The plan is contained in the new 2000 master plan of state enterprises launched by the State Minister of Investments and State Enterprises Development Rozy Munir on Thursday.

The list continues to grow

The list continues to grow We highly appreciate the political stance announced by President Abdurrahman Wahid's administration last year to make the eradication of corruption the government's first priority. However, it is only natural for the public to be disappointed over the law enforcement apparatus' slow progress regarding the matter. The longer the list of cases of corruption, collusion and nepotism grows, the heavier the burden that the police and attorneys have to bear.

Dutch to build estate at Kramat Tunggak

Dutch to build estate at Kramat Tunggak CIPAYUNG, West Java (JP): Dutch companies, in cooperation with local firms, are planning to build a housing and office complex on the site of the former Kramat Tunggak red-light district in North Jakarta, Deputy Governor for Social Affairs Djailani said on Thursday. Djailani, however, said he could not remember the precise name of the investors. "It will be a private-to-private initiative.

Govt predicts solid non-oil and gas exports

Govt predicts solid non-oil and gas exports JAKARTA (JP): Chairman of the National Agency for Export Development (NAFED) Gusmardi Bustami said he was upbeat the upward trend in non-oil and gas exports would continue until the year-end, thanks to returning foreign buyers' confidence in Indonesian goods. Gusmardi said the growth of the non-oil and gas exports in the next semester could exceed the 28 percent increase recorded in the January to April period of this year.

House votes to question President

House votes to question President JAKARTA (JP): The House of Representatives overwhelmingly approved on Thursday an interpellation motion to question President Abdurrahman Wahid over the recent dismissal of two of his economic ministers. Preceded by a fierce debate, House members voted 332 to 63 to support the interpellation proposal in an open vote.

RI falls to 109 in UN HDI report

RI falls to 109 in UN HDI report JAKARTA (JP): Despite falling another four places to 109 out of 174 countries in this year's Human Development Index (HDI) report, United Nations officials remained upbeat on Indonesia saying many other indicators had shown an upward trend.