Indonesian Political, Business & Finance News

Archive: 12 July 2000

54 articles found

Monopoly at Tanjung Priok

Monopoly at Tanjung PriokFrom KompasOn July 1, 2000, Kompas reported that the president director of Humpuss Terminal Petikemas stated that Ocean Investment Ltd, a subsidiary of Hutchison Whampoa had won the tender to buy all of PT Humpuss Terminal Petikemas's shares.

PLN customers to pay bills at one of four designated banks

PLN customers to pay bills at one of four designated banks JAKARTA (JP): Customers of the state electricity firm PLN in Jakarta and Tangerang who used to pay their monthly bills via on- line banking systems are being required to register their payment transactions at only one bank in order to avoid...

Where to go in Surabaya:

Where to go in Surabaya:Exhibitions * Photo Exhibition at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), until July 30. * Textile Exhibition, Workshop: Gedog Tuban woven textile, at Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 545 4333), until July 19.

Muhammadiyah's mission

Muhammadiyah's mission After four days of sometimes heated debate and deliberations, Indonesia's second-largest Muslim organization, Muhammadiyah, ended its 44th congress in Jakarta yesterday with the election of a new executive board and readoption of Islam as its basic philosophical principle,...

Internet seminar to be held

Internet seminar to be held JAKARTA (JP): Local and regional Internet experts from Singapore, Hong Kong and Australia will participate in a seminar on Indonesia's Internet industry, titled "e-Indonesia".

Astaga!com has new boss

Astaga!com has new boss JAKARTA (JP): The Board of Directors of Astaga!com announced on Tuesday the appointment of Andrew Hayek as the new chief executive officer, replacing Jonathan Morris.The company said the reshuffle was a "transitional move coinciding with a general readjustment at a number of...

Local businessmen want implementation of AFTA delayed

Local businessmen want implementation of AFTA delayed JAKARTA (JP): Indonesian businessmen called for the Association of Southeast Asian Nations (ASEAN) to delay the implementation of the association's trade liberalization agreement as most member countries are not ready to enter an open...

Palace flag to be replaced to remove 'Soeharto voodoo'

Palace flag to be replaced to remove 'Soeharto voodoo' JAKARTA (JP): A senior member of the Nahdlatul Ulama (NU) Muslim organization said on Tuesday that the red-and-white flag at the State Palace is going to be replaced to remove the "black spirit" of former president Soeharto.

Nine basketball clubs to take part in 2000 league

Nine basketball clubs to take part in 2000 league JAKARTA (JP): Nine clubs are going to compete in the 2000 Nuvo Kobatama basketball league, including home favorite and defending champion Mahaka Satria Muda and former champion Panasia Indosyntec of Bandung.

Ananda, Trisutji redefine classical music

Ananda, Trisutji redefine classical musicBy Y. Bintang Prakarsa JAKARTA (JP): Many classical concerts are not user-friendly, that is, they often leave the audience in a state of aural confusion. This is especially true of music from the 20th century.

Stop the suffering of the Malukus

Stop the suffering of the Malukus Religious cleansing in the Maluku islands is now in full view of the world -- and so too is Jakarta's inability to stop it. Instead of saying it is an internal matter, Jakarta must accept foreign help in resolving what could become one of the world's worst crimes...

Results of Taperum probe to be revealed

Results of Taperum probe to be revealed JAKARTA (JP): The government will unveil on Wednesday the results of the internal investigation into alleged irregularities in the Civil Servants Housing Savings (Taperum) that reportedly involved House of Representatives Speaker Akbar Tandjung.

Gen. Tyasno named in counterfeit money ring

Gen. Tyasno named in counterfeit money ring JAKARTA (JP): A defendant in a Rp 19.2 billion (US$2.1 million) counterfeit money case told the Central Jakarta District Court on Tuesday that the money was produced with the full knowledge of former chief of the Indonesian Military Intelligence Body...

Taufik haunted by back injury, title unsure

Taufik haunted by back injury, title unsure JAKARTA (JP): Indonesian Open defending champion Taufik Hidayat may lose his chance to retain his title as he is suffering from a back injury.The official doctor of the Badminton Association of Indonesia (PBSI), Michael Triangto, said on Tuesday that...

Government cannot simply shut Indorayon plant: Minister

Government cannot simply shut Indorayon plant: Minister JAKARTA (JP): State Minister of Environment Sony Keraf reiterated here on Tuesday that the government's decision last month to reopen the pulp unit of publicly-listed PT Inti Indorayon Utama is final.

Hookers flock Semper neighborhood

Hookers flock Semper neighborhood JAKARTA (JP): Residents of Semper Timur subdistrict in North Jakarta demanded on Monday that City Council Commission E for social welfare take action against the rampant prostitution in the neighboring subdistrict of Kampung Rawa Malang.

Change of E. Timor system considered

Change of E. Timor system considered DILI (AP): In an attempt to address growing resentment of East Timor's UN administrators, the world body is considering the inclusion of senior independence leaders in governing positions, officials said on Tuesday.

House accepts Gus Dur's date for interpellation

House accepts Gus Dur's date for interpellation JAKARTA (JP): The House of Representatives agreed on Tuesday to delay the closure of its in-session period to allow President Abdurrahman Wahid to reply to an interpellation motion on July 20.

School enrollment fees

School enrollment feesFrom KompasAt the beginning of every school year, parents wishing to enroll their children at elementary schools (SD), junior high schools (SLTP) and senior high school (SLTA) are confused by the fees.

Utut draws again in Beijing

Utut draws again in Beijing JAKARTA (JP): Indonesian Grand Master Utut Adianto had to accept the offer of a draw from Chinese Grand Master Xu Jun in the sixth Tan Chin Nam Cup, a 16-category chess championship, in Beijing on Monday.

Parents of dead student enraged

Parents of dead student enraged BANDUNG: The parents of Eri Rachman, a freshman from the State Administration Institute (STPDN) who was allegedly tortured to death by his seniors in March, are irate after learning that the court has still not tried their son's case.

Rp 825b in humanitarian aid for Aceh held up: Governor

Rp 825b in humanitarian aid for Aceh held up: Governor JAKARTA (JP): Aceh Governor Ramli Ridwan said on Tuesday his people were reaping little benefit from a cease-fire between separatist rebels and security forces, and urged an extension of the accord.

Gus Dur vows Tangguh LNG project to benefit Irianese

Gus Dur vows Tangguh LNG project to benefit Irianese JAKARTA (JP): President Abdurrahman Wahid has promised that the planned Tangguh LNG plant in Berau Bay, Irian Jaya, would benefit the people of Irian Jaya.

Supriati expected to qualify for Olympics

Supriati expected to qualify for Olympics JAKARTA (JP): Indonesian women's long distance runner Supriati Sutono is expected to qualify for the Olympic Games in Sydney in September in the Asian Track and Field Championships late August at the Senayan Madya Stadium.

20 RI women held as sex slaves freed

20 RI women held as sex slaves freed KUALA LUMPUR (AP): Immigration officers acting on a public tip-off discovered 20 Indonesian women who alleged that a Malaysian prostitution syndicate was holding them captive in a three-story building, a news report said Tuesday.

Teenager charged with raping

Teenager charged with raping JAKARTA (JP): Defendant Muhammad Hasanudin, 18, kept his head down on Tuesday when prosecutor Samadi charged him with raping a four-year-old girl in a room of the vacant flood control office in Kebon Melati subdistrict, Central Jakarta.

DEN says govt may fail to meet IMF deadline again

DEN says govt may fail to meet IMF deadline again JAKARTA (JP): Secretary of the National Economic Council (DEN) Sri Mulyani Indrawati said on Tuesday that the government might again fail to meet the deadline in the implementation of certain key reform programs as promised to the International...

More dead feared in Manila garbage slide

More dead feared in Manila garbage slide MANILA (Reuters): Philippine officials said on Tuesday 91 bodies had been recovered and about 100 others were missing feared dead in the collapse of a mountain of garbage on a Manila shantytown.

Muhammadiyah readopts Islam as key principle

Muhammadiyah readopts Islam as key principle JAKARTA (JP): The country's second largest Muslim organization, Muhammadiyah, wrapped up its congress on Tuesday with a decision to restore Islam as its basic principle, replacing state ideology Pancasila.

Vietnam troops to save rice

Vietnam troops to save rice HANOI (Reuters): Vietnam has sent more than 1,000 soldiers to its Mekong Delta rice bowl to help residents save 1.3 million hectares of rice hit by early floods, official media reported on Tuesday.

RI, Thailand, Malaysia plan base rubber price

RI, Thailand, Malaysia plan base rubber price BANGKOK (Reuters): Thailand, Indonesia and Malaysia have agreed to jointly set a minimum rubber selling price, Thai Deputy Agriculture Minister Arkhom Engchuan said on Tuesday.

Workshop for poor children at Cibubur

Workshop for poor children at Cibubur JAKARTA (JP): Some 450 poor children are participating in an annual three-day Camp for the Rags workshop at the Cibubur Camping Site in East Jakarta, that began on Monday.

The menace of bus crime

The menace of bus crimeFrom Bisnis IndonesiaA friend of mine recently took a No. 86 Kopaja Bus to Kalideres. The bus was packed with passengers so he had to stand at the rear. No sooner had he boarded the bus than a passenger, also standing, said to him roughly, "You are from Palembang, aren't...

'Distorted notions' behind violence against women

'Distorted notions' behind violence against women JAKARTA (JP): Domestic violence, especially against women, fails to attract much attention due to the public's misconstrued notions of family harmony, an official of the State Ministry of Human Rights Affairs said.

Incentives offered for Irian Jaya investment

Incentives offered for Irian Jaya investmentBy Berni K. Moestafa JAYAPURA, Irian Jaya (JP): Minister of Industry and Trade Luhut Pandjaitan has proposed offering incentives to investors in Irian Jaya to stimulate economic development in the most eastern part of Indonesia.

Suba Indah's stock split

Suba Indah's stock split JAKARTA (JP): Publicly-listed PT Suba Indah food and beverage company will split its stock in light of its upcoming rights issue to raise about Rp 337.5 billion (US$37.5 million) fresh funds for new investment.

Reforming the banking system

Reforming the banking system The following is the first of two articles by I Putu Gede Ary Suta, the former chairman of the Indonesian Capital Market Supervisory Agency. It is based on his presentation at the launching of his two new books Foundations of our Capital Market and Menuju Pasar Modal...

Makassar cruising to soccer league finals

Makassar cruising to soccer league finals MAKASSAR, South Sulawesi (JP): PSM Makassar ensured its semifinals ticket in the Bank Mandiri national soccer league following a 3-2 victory over Pupuk Kaltim (PKT) of East Kalimantan in Group B's second encounter at Mattoangin stadium here Tuesday.

Jonathan, Afrina best hope in ASEAN Gymnast C'ships

Jonathan, Afrina best hope in ASEAN Gymnast C'ships MEDAN, North Sumatra (JP): Indonesia's best male gymnast Jonathan Sianturi and best female Afrina Siahaan are expected to grab a series of gold medals in the upcoming Sixth Southeast Asian Confederation (SEACON) Gymnast Championships at the Medan...

Dayaks play 'senggayung' according to tradition

Dayaks play 'senggayung' according to traditionBy Erma S. Ranik PONTIANAK, West Kalimantan (JP): Fruit harvest time is much awaited by Dayak Jalai people. For the Dayak people living in the bigger part of Jelai Hulu subdistrict in Ketapang regency, the fruit harvest season is not only the time to...

Recapitalization of BRI finished soon: Bambang

Recapitalization of BRI finished soon: Bambang JAKARTA (JP): Finance Minister Bambang Sudibyo said on Tuesday that the crucial recapitalization program of the state Bank Rakyat Indonesia (BRI) would be completed "soon.

Bomb explosion aimed at 'tarnishing TNI'

Bomb explosion aimed at 'tarnishing TNI' JAKARTA (JP): Jakarta Military commander Maj. Gen. Ryamizard Ryacudu said on Tuesday that last week's explosion in the Attorney General's Office compound was aimed at tarnishing the image of the Indonesian Military (TNI).

Investors urged to seek military help

Investors urged to seek military help JAKARTA (JP): Minister of Defense Juwono Sudarsono encouraged mining investors on Tuesday to cooperate with the military and the police in ensuring the safety of their businesses amid widespread security instability in the country.

Direct management of Riau oil field denied

Direct management of Riau oil field denied JAKARTA (JP): Oil analysts affiliated with the so-called Group of 20 expressed opposition on Tuesday to the Riau provincial administration being given the option of managing the Coastal Plains Pekanbaru oil field.Ramses O.

Security officers still on alert in tense but under control Tegal

Security officers still on alert in tense but under control Tegal TEGAL, Central Java (JP): The situation in Hardjo Sari village, Tegal regency, Central Java, was under control on Tuesday as a large number of security officers remained on alert.

Farmers plan to hold nationwide protest

Farmers plan to hold nationwide protest JAKARTA (JP): Some one million farmers plan to stage a mass protest simultaneously in 11 cities on Monday to demand agrarian reform.The protest is aimed at urging the People's Consultative Assembly's Ad Hoc Commission II on non-Constitutional Amendments to...

Students, parties' task forces gear up for MPR session

Students, parties' task forces gear up for MPR sessionBy Novan Iman Santosa JAKARTA (JP): Several groups and student organizations in the capital have been organizing themselves, for better or worse, ahead of next month's General Session of the People's Consultative Assembly (MPR).

Ministry told to anticipate recurrence of forest fires

Ministry told to anticipate recurrence of forest fires JAKARTA (JP): President Abdurrahman "Gus Dur" Wahid has ordered the Ministry of Forestry and Plantations to establish a task force to anticipate a recurrence of large-scale forest fires.

Bus plunges into gorge, killing 10

Bus plunges into gorge, killing 10 MAGETAN, East Java (JP): At least 10 people died and 13 others were injured when a bus carrying a family heading to a wedding reception fell into a ravine near Sarangan village, East Java on Sunday evening.Magetan Police Precinct chief Supt.

West Java athletes upset over 'unfair' bonuses

West Java athletes upset over 'unfair' bonuses BANDUNG (JP): The 15th National Games' (PON) West Javanese athletes expressed their dissatisfaction on the cash bonuses handed over by the West Java administration here on Tuesday.The administration provided Rp 4.

Illegal gold miners protest heinous acts at Pongkor

Illegal gold miners protest heinous acts at Pongkor BOGOR (JP): Hundreds of illegal miners working at gold-rich Pongkor Mountain thronged the Bogor Council building on Monday, complaining about violent measures they had suffered from security officers of mining firm PT Aneka Tambang.

KL palm oil ends higher

KL palm oil ends higher KUALA LUMPUR (Reuters): Malaysian palm oil futures closed higher on Tuesday, rebounding from Monday's falls on the back of overnight gains by Chicago soyoil futures.But traders said further upside was likely to be capped by slower export demand.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 11, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 675 0 0 Adindo Foresta Indonesia 310 5 658,000 Alakasa Industrindo 800 0 1,000 Alfa Retailindo 900 25...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 11, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,813.00 9,813.00 9,266.00 9,360.00Australian dollar 1 5,211.13 5,807.33 5,478.99 5,539.25Austrian schilling 1 611.39 681.05 642.81 649.