Indonesian Political, Business & Finance News

Archive: 13 July 2000

58 articles found

Status quo forces exploiting press freedom: Gus Dur

Status quo forces exploiting press freedom: Gus Dur JAKARTA (JP): Forces loyal to former president Soeharto are fighting against political reforms through the media that they control, President Abdurrahman Wahid said on Wednesday.

Asian states' fight to lure foreign funds under way

Asian states' fight to lure foreign funds under way SINGAPORE (Reuters): As imports rise and erode external surpluses, Asian countries are eyeing every opportunity to lure overseas capital to sustain growth.

Indonesia, KL, Thailand to meet on rubber price plan

Indonesia, KL, Thailand to meet on rubber price plan BANGKOK (Reuters): Officials from Thailand, Indonesia and Malaysia will meet in Kuala Lumpur in August to hammer out a way of setting up a minimum selling price for rubber, a Thai minister said on Wednesday.

Sutiyoso promises shelter, jobs for integrationists

Sutiyoso promises shelter, jobs for integrationists JAKARTA (JP): Governor Sutiyoso vowed on Wednesday to provide temporary shelter and employment for some 40 East Timorese integrationists who have been taking refuge at the House of Representatives compound since last month.

Replica of golden Hermes to be erected at Harmoni

Replica of golden Hermes to be erected at Harmoni JAKARTA (JP): Hermes -- the Greek god of commerce, eloquence, invention, travel, theft -- will soon once again grace the busy Harmoni bridge in Central Jakarta after an absence of nearly one year.

Ex-Bank Bali owner demands compensation

Ex-Bank Bali owner demands compensation JAKARTA (JP): Former owner and CEO of the publicly listed Bank Bali, Rudy Ramli, demanded the government pay some Rp 9 billion (US$1 million) in compensation, and to "freeze" the rights of Deutsche Bourse Clearing (DBC) in the bank.

Lufthansa seals PAL deal

Lufthansa seals PAL deal MANILA (AFP): Lufthansa Technik AG, a subsidiary of the German airline Lufthansa, has formally sealed its acquisition of the engineering and maintenance unit of Philippine Airlines (PAL).

FPI offers to join antivice task force

FPI offers to join antivice task force JAKARTA (JP): The Islam Defenders Front (FPI) offered its services on Tuesday to help curb vice in Jakarta as councillors pondered a proposal for a new task force.

Coffee backbone of devastated E. Timor

Coffee backbone of devastated E. Timor ERMERA, East Timor (AP): High in East Timor's hills, hundreds of poor farmers lead donkeys laden with sacks of freshly picked red coffee cherries down muddy tracks to a local factory.

Asiri charity night

Asiri charity nightFrom Media IndonesiaI was one of the many present at the Asiri & Indonesian artists charity night held in the grand ballroom of Mulia Hotel, Senayan, Jakarta on March 13, 2000.The Asiri chairman in his address that night pointed out that the money raised would be used to help...

Pertamina wins approval to sell LNG to India

Pertamina wins approval to sell LNG to India JAKARTA (JP): State oil and gas company Pertamina said on Wednesday that it won approval from India to sell its natural liquefied gas (LNG) to the country."We plan to sign a memorandum of understanding on the sale tomorrow (Thursday).

Ginandjar's role in alleged graft to be probed: Marzuki

Ginandjar's role in alleged graft to be probed: Marzuki JAKARTA (JP): Attorney General Marzuki Darusman said on Wednesday his office would continue investigations into alleged corruption in the renewal of PT Freeport Indonesia's mining contract and the awarding of a power purchase contract to PT...

Military adopts wait-and-see stance on fake money case

Military adopts wait-and-see stance on fake money case JAKARTA (JP): The Indonesian Military (TNI) is temporarily taking a wait-and-see position following the testimony of a defendant in a Rp 19.2 billion counterfeit money case which indicated the alleged involvement of Army Chief Gen.

Educational ads

Educational adsFrom Media IndonesiaOur educational sector is in a mess now because the government has yet to take stringent measures against educational institutions -- courses and colleges -- which violate the law.

Where to go in Bali:

Where to go in Bali:Exhibition * Painting Exhibition: Kebiar Seni VI Bibit, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until October 2.SymposiumThe International Symposium on Conserving Cultural Heritage for Sustainable Social Economy and Tourism...

Death toll hits 116 in RP dump avalanche

Death toll hits 116 in RP dump avalanche MANILA (AFP): The death toll from a garbage avalanche that wiped out an entire community of scavenger families near Manila climbed to 116 Wednesday, as fears grew about the risk of disease.

Informal meeting of top political leaders delayed

Informal meeting of top political leaders delayed JAKARTA (JP): The planned meeting of the country's top political leaders was delayed for an indefinite period on Wednesday, with President Abdurrahman Wahid expressing his lack of awareness.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 12, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,915.00 9,915.00 8,902.41 8,996.47Australian dollar 1 5,238.45 5,831.01 5,504.64 5,564.60Austrian schilling 1 615.68 685.10 646.96 653.

Iber carries on tradition of Dayak sculpture

Iber carries on tradition of Dayak sculptureBy Erma S. Ranik PONTIANAK, West Kalimantan (JP): It was sunset and some small children were running around in Sami, a public hall. Soon, the rumah panjang -- the traditional long-house of the Dayaks, a local ethnic group -- in Sahapm village, Sengah...

Investment path, rupiah show 'promising trend'

Investment path, rupiah show 'promising trend' JAKARTA (JP): Investors are optimistic that the rupiah would strengthen and the country's investment climate would improve after the annual meeting of People's Consultative Assembly (MPR) in August, according to Sofyan Wanandi, the chairman of the...

Cultural legacies must be conserved

Cultural legacies must be conservedBy I Wayan Juniarta SANUR, Bali (JP): Bali is rich in cultural heritage but the rapid growth of development projects and the tourism industry has threatened these centuries-old legacies.

Woman's death sparks retaliation

Woman's death sparks retaliation DENPASAR, Bali: An angry mob set fire to an intercity bus a few hours after it was involved in an accident which killed a woman on Tuesday evening.The bus was plying the Surabaya-Denpasar route when it collided with a truck at Gumbrih village, Jembrana, around 80...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 12, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 600 -75 3,000 Adindo Foresta Indonesia 310 0 197,500 Alakasa Industrindo 900 100 12,000 Alfa...

Hawkers, vendors, amateur guides, tourist nuisances

Hawkers, vendors, amateur guides, tourist nuisancesBy Putu Wirata DENPASAR, Bali (JP): Tourism is the major economic backbone of Bali, but visitors have often complained of being annoyed by hawkers, amateur guides and other local vendors in the street while visiting cultural and religious sites on...

Reforming the Indonesian banking system

Reforming the Indonesian banking system The following is the second of two articles by I Putu Gede Ary Suta, 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...

ASEAN to hold tariff talks

ASEAN to hold tariff talks BANGKOK (Reuters): Trade ministers from the Association of South East Asian Nations (ASEAN) will meet in Thailand in October to tighten procedures for granting concessions from free trade rules, officials said on Wednesday.

Indonesians 'want direct presidential elections'

Indonesians 'want direct presidential elections' JAKARTA (JP): A recent survey conducted by the Center for Electoral Reform (Cetro) has revealed that most Indonesians support a direct presidential election system.

How to strengthen the rupiah

How to strengthen the rupiah There is little the monetary authority can do to support the rupiah. The point is that aside from the fact that it doesn't have the money, the downside of the currency is caused mainly by political factors.

McMoran expects to post loss

McMoran expects to post loss NEW ORLEANS, Mississippi (Reuters): Mining company Freeport- McMoran Copper & Gold Inc. on Wednesday said it expects to report a second-quarter loss of about $19 million or 12 cents a share due to lower-than-expected metal sales and a landslide cleanup in Indonesia.

Six clubs fight for semis on Thursday

Six clubs fight for semis on Thursday JAKARTA (JP): With the final round-robin quarterfinals taking place on Thursday at both the Senayan Stadium here and Mattoangin Stadium in Makassar, South Sulawesi, the remaining six clubs will fight their best to grab the three semifinal tickets.

PSIS dismisses foreign players

PSIS dismisses foreign players SEMARANG (JP): Home favorite PSIS soccer club will discharge two foreign players following its failure in the 2000 Bank Mandiri national soccer league which has forced the relegation of the 1999 league's champion to first division.

Kwik upbeat government will meet IMF deadline

Kwik upbeat government will meet IMF deadline JAKARTA (JP): The government said on Wednesday it was optimistic it would meet the deadline set by the International Monetary Fund (IMF) to complete key economic reform programs.

RP, N. Korea begin diplomatic ties

RP, N. Korea begin diplomatic ties MANILA (AFP): The Philippines and North Korea signed an agreement here on Wednesday establishing diplomatic relations.The Philippines is the last member of the Association of Southeast Asian Nations (ASEAN) to establish relations with North Korea, paving the way...

Thai named Timor force commander

Thai named Timor force commander BANGKOK (AFP): The United Nations has appointed Thailand's Lt. Gen. Boonsrang Niumpradit as the new commander of the UN force in East Timor, the foreign ministry said on Wednesday.

Millions lost in daylight robbery

Millions lost in daylight robbery DENPASAR, Bali: Armed robbers managed to get away with Rp 11.7 million during a daylight robbery as three employees of Tiara Dewata supermarket were conducting a transaction at a money changer.

Negotiators back on Jolo island to resume talks

Negotiators back on Jolo island to resume talks JOLO, Philippines (Agencies): Philippine negotiators seeking the release of 40 mostly foreign hostages held by separatist group sailed back to the southern island of Jolo on Wednesday after a month-long break in talks.

Mother brutally killed in public

Mother brutally killed in public BANDUNG: A 27-year-old mother named Cucu Mulyati met her tragic death on Wednesday morning when a homeless man named Uju dragged her from a crowded alley near Cijerah Islamic Boarding school in Bandung Kulon.Mulyati was on her way to her office at around 7 a.m.

Arms sweep by military intensifies in Maluku

Arms sweep by military intensifies in Maluku JAKARTA (JP): Security authorities have seized thousands of weapons and explosives in a series of arms sweeping operations in Maluku, which remains tense despite the two-week imposition of a civil emergency status.Indonesian Military (TNI) Commander Adm.

Stressing on honesty and inner conscience

Stressing on honesty and inner conscienceFrom Suara KaryaI feel concerned as I witness the recent political turbulence, which continues to rage. As a common citizen, the demands of my family and I are simple: a safe, peaceful country with affordable food and clothing and where my children can go to...

Quake hits Jakarta, West Java, ruins houses

Quake hits Jakarta, West Java, ruins houses JAKARTA (JP): An earthquake hit Jakarta and some areas in West Java on Wednesday, destroying dozens of buildings, mostly residents' houses, in Sukabumi and Bogor.

NGO activist sues ex-legislator

NGO activist sues ex-legislator JAKARTA (JP): A non-governmental organization activist has filed a lawsuit with National Police Headquarters, demanding that police prosecute former House of Representatives (DPR) legislator Muhammad Buang for alleged defamation.

Man douses lover with acid

Man douses lover with acid JAKARTA (JP): Central Jakarta police detectives are still looking for a man accused of pouring acid on his 17-year-old lover at the latter's house in Johar Baru last Thursday, an officer said on Wednesday.Central Jakarta Police detective deputy chief Sr. Insp.

No rush to rethink ASEAN currencies despite slide

No rush to rethink ASEAN currencies despite slide SINGAPORE (Reuters): Unwelcome flashpoints on the region's political horizons have triggered sharp falls in ASEAN currencies in recent days but most analysts say there is no reason to panic.

Indonesia needs transformational leaders

Indonesia needs transformational leadersBy Aleksius Jemadu BANDUNG (JP): Democracy will be reduced to being its own worst enemy if politicians continue to treat it as merely a matter of power politics. As we move closer to the annual session of the People's Consultative Assembly (MPR) in August,...

Legislators propose inquiry into Bulog, Brunei scandals

Legislators propose inquiry into Bulog, Brunei scandals JAKARTA (JP): Legislators from four major factions submitted a proposal on Wednesday for an inquiry into the Rp 35 billion State Logistics Agency (Bulog) scandal and the confusion surrounding a US$2 million donation from Brunei.

Supriati to race in Europe for Olympics ticket

Supriati to race in Europe for Olympics ticket JAKARTA (JP): Women's long-distance runner Supriati Sutono will compete in a tournament in Europe before taking part in the Asian Track and Field Championships at Senayan Madya Stadium later in July to earn a ticket to the 2000 Olympic Games.

Persija to appeal for Leandro

Persija to appeal for Leandro JAKARTA (JP): Soccer club Persija will appeal to the Soccer Association of Indonesia (PSSI) for leniency over a sanction against its Brazilian midfielder, Luciano Leandro, the club's chairman, Ahmaddin Ahmad, said on Wednesday.

Security for investors

Security for investors Minister of Defense Juwono Sudarsono's call to mining companies to cooperate with the military and police to protect their businesses from rioters and looters is so far the strongest stance ever taken by the government to defend the business sector from disorder and...

Badminton seeds lose in Thailand opener

Badminton seeds lose in Thailand opener JAKARTA (JP): Seeds tumbled in the opening round of the three- star Thailand Open in Bangkok Wednesday starting with the 13th seed Roslin Hashim of Malaysia.Roslin, Malaysia's best hope in the tournament, surprisingly bowed out to little-known Shoji Sato of...

Rights minister rules out civil emergency for Aceh

Rights minister rules out civil emergency for Aceh JAKARTA (JP): Minister of Human Rights Hasballah M. Saad ruled out on Wednesday the possibility of declaring a state of civil emergency in conflict-torn Aceh.

ITB arts festival leaves some disappointed

ITB arts festival leaves some disappointedBy Hera Diani BANDUNG (JP): "Welcome to Pasar Seni ITB. You can shop 'til you drop," screamed the long-haired Ariya, a student at the School of Art and Design at the Bandung Institute of Technology (ITB).

Police question Tommy's escorts over bomb blast

Police question Tommy's escorts over bomb blast JAKARTA (JP): South Jakarta police detectives have so far questioned 20 people, including nine bodyguards of former president Soeharto's son, Hutomo Mandala Putra, as witnesses in connection with last week's blast at the Attorney General's Office, an...

Rate hike fails to stop rupiah's fall

Rate hike fails to stop rupiah's fall JAKARTA (JP): The rupiah hit a 21-month low of Rp 9,500 to the dollar on Wednesday due to a combination of external factors and ongoing concern over domestic political uncertainty.

Gus Dur's 'harassment' of DPR may not be to his benefit

Gus Dur's 'harassment' of DPR may not be to his benefit President Abdurrrahman Wahid has agreed to meet legislators on July 20, which has been read as a "maneuver" as it was one day before the legislature's recess -- which was finally rescheduled.

On Muhammadiyah's mission

On Muhammadiyah's mission I refer to your editorial of the July 12, 2000 edition of The Jakarta Post titled Muhammadiyah's mission. While I wholeheartedly support the promotion of social change and education promoted by Muhammadiyah I have to question its efficacy, especially with regard to our...

Government pledges to support cooperatives

Government pledges to support cooperatives JAKARTA (JP): President Abdurrahman Wahid reiterated on Wednesday his government will uphold Article 33 of the 1945 Constitution because it ensures people's rights to the state riches.

Playing traditional gamelan the American style

Playing traditional gamelan the American styleBy I Kadek Suartaya UBUD, Bali (JP): The villagers in Ubud, Bali, were dazed by a group of Americans playing gamelan and dancing deftly to the tune of this traditional musical instrument.

Semarang to host karate c'ships

Semarang to host karate c'ships SEMARANG (JP): Semarang will host the national karate championships from July 29 to July 30 at Jatidiri Stadium, organizing committee chairman Bambang Raya Saputra has said."At least 500 karatekas throughout the country will attend the championships.