Indonesian Political, Business & Finance News

Archive: 18 July 2000

60 articles found

Lippo to open factory outlet in Karawaci

Lippo to open factory outlet in Karawaci JAKARTA (JP): Giant retailer PT Lippo Supermall will launch Factory Outlet Supermall Karawaci in August, offering merchandise with far lower prices than those offered by other shops. The factory outlet will sell well-known brands at prices 50 percent to 70 percent lower than usual market prices, a statement from PT Lippo Supermall said.

Portuguese cartography at Museum Sejarah

Portuguese cartography at Museum Sejarah By Boy de Waart JAKARTA (JP): Looking for a piece of history? Go and check out the exhibition currently on at the Museum Sejarah Jakarta. The exhibition, Cartography of the West-East Encounter, will run until July 26 and is the fruit of cooperation between the Instituto Portugues de Oriene in Macau, the Portuguese foreign affairs ministry, Fundacao Oriente, the Portuguese embassy in Jakarta and the Museum Sejarah Jakarta.

RI rules out foreign troops for Maluku

RI rules out foreign troops for Maluku JAKARTA (JP): Top government officials rebuffed suggestions on Monday that foreign troops be stationed in the Maluku islands, saying steps were already being taken to end the violence in the area.

Muladi insists on Chief Justice post

Muladi insists on Chief Justice post JAKARTA (JP): Shaking off rumors of sex and financial scandals, former justice minister Muladi told a "fit and proper" hearing for new justices at the House of Representatives on Monday that he wants no less than the top Supreme Court job. Muladi, who served under both former presidents Soeharto and B.J.

Bimantara to sell its affiliate firms

Bimantara to sell its affiliate firms JAKARTA (Dow Jones): Indonesian diversified holding company PT Bimantara Citra announced Monday that it plans to sell 46.57 million shares, or a 13.5 percent stake, in its affiliate hotelier PT Plaza Indonesia. Bimantara said it will also sell 5,300 shares, or its entire 15.5 percent stake in its affiliate baby food producer PT Nestle Indonesia and its entire 90 percent stake in automotive unit Bimantara Cakra Nusa.

Australian business directory

Australian business directory JAKARTA (JP): The Australian ambassador to Indonesia, John McCarthy, will introduce the 2000/2001 Directory of Australian Businesses in Indonesia at his residence here on Wednesday. Compiled by an Australian company, the Gold Group, and its Indonesian partner, Masindo, the directory was published in cooperation with the Australian Trade Commission, the Australian Embassy said in a statement on Monday.

Malaysia's palm oil prices rebound but outlook uncertain

Malaysia's palm oil prices rebound but outlook uncertain KUALA LUMPUR (Reuters): Malaysian palm oil futures rebounded from early losses on short covering, but the outlook remained uncertain following bearish July 1-15 export figures, traders said on Monday. The official June output, stocks and export figures released by the Malaysian Palm Oil Board (MPOB) were largely discounted by players. "It's still rangebound trading," said one trader in Kuala Lumpur.

Titanium deposits row heats up in Kenya

Titanium deposits row heats up in Kenya By Sam Aola MOMBASA, Kenya (AFP): Mineral-rich sands on Kenya's south coast have provoked an escalating row involving a Canadian mining company, local residents and environmental pressure groups. The stakes are high: the Kwale district contains an estimated 12 percent of the world's known titanium ore deposits and is also home to several thousand farmers who would have to be relocated if and when excavation begins.

Land disputes hampering E. Timor's development

Land disputes hampering E. Timor's development DILI, East Timor (AP): No one knows who really owns the blackened, burned-out building where Canadian businessman Kirk MacManus is trying to set up East Timor's first supermarket. A Portuguese man claims it, saying the army threw him out when Indonesia invaded in 1975. Later, it housed an Indonesian bank. Then came East Timor's secession last year.

Oil-rich Brunei declares sweeping economic reforms

Oil-rich Brunei declares sweeping economic reforms BANDAR SERI BEGAWAN (AFP): Mindful that its vast oil resources would run out in 25 years, Brunei on Sunday announced sweeping economic reforms including plans to impose income taxes, slash subsidies and set up a regional financial hub. Officials said the Asian financial crisis in 1997 had jolted the tiny Southeast Asian sultanate into realizing it has to shed its almost total dependence on oil and gas revenues.

Government soon to complete reform targets

Government soon to complete reform targets JAKARTA (JP): Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie expressed optimism on Monday all reform targets agreed to with the International Monetary Fund would be achieved before Thursday's deadline. "There are several items that we haven't completed yet under the letter of intent, but we are sure that we can complete them by July 20," Kwik said before attending the weekly meeting of economic ministers.

JICT's new shipping service

JICT's new shipping service JAKARTA (JP): Port operator Jakarta International Container Terminal (JICT) announced on Monday a new ship providing service at its Jakarta container terminal. The MV Sky Bright, owned by Taiwanese firm Cheng Lie Navigation Company, already operates a once weekly intra-Asian service from the terminal, the company said in a statement.

Rice production at risk in Vietnam

Rice production at risk in Vietnam HANOI (AP): Worsening floods are threatening rice production in Vietnam's Mekong Delta, officials said on Monday. More than 40 percent of 558,000 hectares of paddies are under water in An Giang, Dong Thap and Long An provinces in the extreme south of the country. Thousands of soldiers have been dispatched to help farmers fight the floods, but more rain is forecast this week.

Investigating wealth a foregone conclusion

Investigating wealth a foregone conclusion It took only 10 minutes for the House of Representatives (DPR), in a plenary session attended by 58 members (which is less than required quorum), to approve 45 names to sit on a commission to investigate the wealth of civil servants. This is an effort to combat the illegal accumulation of wealth by civil servants and to bring about a clean government, at least in theory. How will the commission fare in practice?

Gus Dur's leadership and Indonesia's survival

Gus Dur's leadership and Indonesia's survival By Jusuf Wanandi JAKARTA (JP): Many have asked whether President Abdurrahman Wahid can survive the People's Consultative Assembly (MPR) session next month, such is the amount of criticism that has been directed against him over the last two months. Theoretically and constitutionally the MPR can act against the President, including impeaching him, if he has acted against the constitution and/or has seriously violated the law.

Mahathir's 20th year in power

Mahathir's 20th year in power By Eileen Ng KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad, the country's longest-serving leader, is to start his 20th year in office Sunday without any sign he will soon hand over the reins of power, analysts and politicians say.

Low rhino numbers in Ujung Kulon concern park officials, experts

Low rhino numbers in Ujung Kulon concern park officials, experts By Pandaya UJUNG KULON, West Java (JP): There is nothing more enigmatic than the Javan rhino, as far as the famed Ujung Kulon National Park is concerned. These animals are so timid that experts rely on their dung and tracks to estimate their number. Although rarely sighted, they have become the main attraction of the park. In fact, Ujung Kulon is almost synonymous to the rhino.

U.S. re-establishing military links with Indonesia: Cohen

U.S. re-establishing military links with Indonesia: Cohen SYDNEY, Australia (AP): U.S. Secretary of Defense William Cohen said Monday that the United States is re-establishing military links with Indonesia, but he denied his country is selling arms to Jakarta. "There have been reports that the United States has resumed arms sales to Indonesia. Those reports are incorrect," Cohen said in Sydney, Australia, where he was meeting his Australian counterpart, John Moore.

Asian monies down late, rupiah sets weaker tone

Asian monies down late, rupiah sets weaker tone SINGAPORE (Dow Jones): Asian currencies were lower late Monday, weighed on by the rupiah as the Indonesian political climate heats up in the countdown to a key parliamentary assembly next month. Many currency watchers are optimistic that the U.S. dollar could run up to Rp 10,000 before the People's Consultative Assembly, or MPR by its Indonesian acronym, meets in mid-August to review President Abdurrahman Wahid's performance.

Arms heist prompts KL to keep ISA

Arms heist prompts KL to keep ISA KUALA LUMPUR (Reuters): Malaysia has put on hold its review of a law that provides for detention without trial following an arms heist that shook the nation, a Cabinet minister said on Monday. "The review of ISA has to take a back seat," Rais Yatim, minister in charge of legal affairs in Prime Minister Mahathir Mohamad's Cabinet, was quoted as saying by the official Bernama news agency.

Govt agrees to recapitalize Bank Bali

Govt agrees to recapitalize Bank Bali JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) and Bank Indonesia finally reached an out of court settlement with the former owner of Bank Bali, the Ramli family, paving the way for the government to recapitalize the publicly listed bank.

Burial agency under fire over levies

Burial agency under fire over levies JAKARTA (JP): Governor Sutiyoso has ordered city Chief Inspector Hendarmin Ono Saleh to investigate alleged illegal payments being levied at the city's cemeteries. "I have instructed Inspector Hendarmin to immediately question the Burial Agency head Hariono Seno about the reported irregularities," Sutiyoso said late last week.

Dumping duties on RI fibers

Dumping duties on RI fibers BRUSSELS (AFX): EU member states said they confirmed imposition of definitive antidumping duties on imports of synthetic staple fibers of polyester from Australia, Indonesia and Thailand. The duties on Australian imports are 12.0 percent for all companies; 15.8 percent for Indonesia, except for lower rates on five named companies; and 27.7 percent for Thailand, except for three named companies, an EU regulation said.

Suwandi, Fahmi cruise on

Suwandi, Fahmi cruise on JAKARTA (JP): Indonesian tennis player Suwandi defeated fellow countryman Sebastian Da Costa 6-1, 6-1 and cruised to the second round of the Extra Joss Men's Future-3 at Kemayoran Tennis Center on Monday. Indonesian hopeful Hendri Susilo Pramono, however, lost to third seed Per Thornadtsson of Sweden 1-6, 1-6. Thornadtsson will face Suwandi in the US$15,000 event on Wednesday.

Marzuki insists that Soeharto attend trial

Marzuki insists that Soeharto attend trial JAKARTA (JP): Attorney General Marzuki Darusman insisted on Monday that former president Soeharto be present in court when his corruption trial begins, possibly next month. "If Soeharto cannot attend the trial because of illness or other factors, then the trial will have to be delayed until he can appear in court," Marzuki announced after a meeting with his staff to discuss the Soeharto case.

RI seeks bilateral talks with U.S. to settle debt

RI seeks bilateral talks with U.S. to settle debt JAKARTA (JP): Indonesia is seeking bilateral talks with the United States government to help solve the country's private- sector debt problem with American creditors, Indonesian ambassador to the U.S. Dorodjatun Kuntjorodjakti said on Monday. Dorodjatun said that although the U.S.

Team begins inquiry into attack on PDI headquarters

Team begins inquiry into attack on PDI headquarters JAKARTA (JP): A joint military-police investigation team initiated on Monday an inquiry into the involvement of both military and police personnel in the July 27, 1996 attack on the Indonesian Democratic Party (PDI) headquarters on Jl. Diponegoro in Central Jakarta. The team questioned on Monday five military personnel as witnesses in a four-hour session at the National Military Police headquarters on Jl. Medan Merdeka Timur in Central Jakarta.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 17, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on July 17, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 550 0 0 Adindo Foresta Indonesia 310 10 855,500 Alakasa Industrindo 900 0 0 Alfa Retailindo 885 -15 30,000 Alter Abadi 285 -15 184,000 Alumindo Light Metal 1,225 -75 29,000 Aneka Kimia Raya 325 -5 29,000 Aneka Tambang (Persero) 1,190 15 982,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Biased foreign broadcast

Biased foreign broadcast From Republika As a faithful listener of Elshinta radio station, I was extremely shocked at a broadcast by The Netherlands Radio about the issue of Maluku, which was being aired by Elshinta a few minutes before 5 a.m. on Monday, July 10, 2000.

Where to go in Bandung:

Where to go in Bandung: Films * French Film at CCF - French Cultural Center, Jl. Purnawarman 32 (Phone 4212417), 2 p.m., 6:30 p.m.: L'Horloger de Saint-Paul, July 18. Le Juge et I'Assassin, July 21. L.627, July 25. L'appat, July 28. Exhibition * Batik Wood and Stone Accessories at the Lobby, Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 431631), 9 a.m. to 9 p.m., until July 31. Music and Entertainment * Sheraton Bandung Hotel and Towers, Jl. Ir. H. Juanda No.

C. Java athletes join training

C. Java athletes join training SEMARANG (JP): Four Central Java athletes have been invited to join an Indonesian Amateur Athletic Association (PASI) training camp following on from their successes in the 2000 National Games (PON) in East Java last month. PASI's Central Java chapter official in charge of coaching, Bambang Siswoyo named the athletes as female sprinter Sih Hernawati, female discus thrower Darminah, male long-distance runner Fery Junaidi and male walker Sutrisno.

Unlicensed AK-47 rifle given to Haryogi under order: Witness

Unlicensed AK-47 rifle given to Haryogi under order: Witness JAKARTA (JP): An Army captain testified on Monday that he handed over an AK-47 rifle without proper documents to defendant Haryogi M. Maulani under the order of his father, Lt. Gen. (ret) Zaini Azhar Maulani, the former chief of the State Intelligence Coordinating Board (Bakin). "As an adjutant of the Bakin chief (Zaini), I acted under the orders of my boss and his personal assistant (Col. Abdul Djalil)," Capt.

ACPC urges RI to cut back on coffee exports

ACPC urges RI to cut back on coffee exports JAKARTA (JP): The Association of Coffee Producing Countries (ACPC) urged Indonesia on Monday to join its scheme to cut back exports by 20 percent, pointing to hefty financial penalty for members who refuse to comply. ACPC "still expects Indonesia to join the retention plan that has been agreed on by ACPC members," the group said in a statement received here.

Asia concerned about Japan's growth

Asia concerned about Japan's growth HONG KONG (Dow Jones): It's not keeping Japanese interest rates at zero that matters to the rest of Asia, it's ensuring growth in the region's biggest economy rises decisively from that level. In that regard, analysts are generally confident Japan's growth has begun an upward trajectory - that the country is once again playing a positive role in the region by generating more investment, tourism, lending and consumption.

Officials say forest fires increasing

Officials say forest fires increasing By Tomi Soetjipto JAKARTA (Reuters): Forest fires on the Indonesian island of Sumatra are increasing, but officials on Monday played down the possibility of a repeat of Southeast Asia's smog crisis of 1997. They said they had no immediate strategy to put out the fires, which sent thick smog over some parts of neighboring Malaysia over the weekend. That smog started to disperse on Monday, although health concerns remained.

Quake injures six on in Philippines

Quake injures six on in Philippines MANILA (AP): A strong earthquake injured at least six people, damaged homes, toppled power lines and caused landslides on one of the Philippines' northernmost islands, officials said on Monday. The earthquake, with a magnitude of 6.4, rocked Batanes island at midday on Sunday and was centered near Basco, the capital of Batanes province, the Philippine Institute of Volcanology and Seismology said.

Gowa fingers BTN directors for graft

Gowa fingers BTN directors for graft JAKARTA (JP): The non-governmental organization Government Watch (Gowa) filed a report at National Police Headquarters on Monday against current and former members of state Bank Tabungan Negara (BTN)'s board of directors. The report accused two current and three former board members of graft.

Dental and mouth disease on the rise

Dental and mouth disease on the rise BANDUNG: Dental and mouth diseases among Indonesians is on the rise in the last 20 years with 90 percent of the population having suffered with dental and mouth problems. Speaking at a meeting on dental health here on Monday, Ahmad Djojosugito, director general of medical services at the Ministry of Health, said that a 1998 study found that Indonesians had lost an average of four teeth due to the dental disease.

Taufik to compete in Indonesia Open

Taufik to compete in Indonesia Open JAKARTA (JP): Defending champion Taufik Hidayat has confirmed his participation in the Sanyo Indonesia Open, which starts on Wednesday, after previous reports that he might withdraw due to a back injury. Speaking to The Jakarta Post on Monday evening before training at the tournament's venue, the Senayan Tennis Indoor Stadium, Taufik said he and the Badminton Association of Indonesia (PBSI) official doctor Michael Triangto had met orthopedic specialist Dr.

PSSI is tired of 'Pacho' Rubio

PSSI is tired of 'Pacho' Rubio JAKARTA (JP): Chilean striker Francisco Javier Rodriguez Rubio, who currently plays for Arema Malang, is to be banned from playing in the national league, a top soccer official has said. "Having looked at his performances since the Bank Mandiri national soccer league kicked off last year, we note that he has failed to act as a professional in his behavior and actions.

Men behind RI's most powerful woman

Men behind RI's most powerful woman By Kornelius Purba JAKARTA (JP): They say that behind every powerful man is a strong woman. Some are asking if there are any strong men behind Vice President Megawati Soekarnoputri, arguably Indonesia's most powerful woman. Two men that immediately come to mind are vice presidential secretary Bambang Kesowo and, of course, Megawati's husband, Taufik Kiemas.

Sultan Bolkiah questions furor over his donation

Sultan Bolkiah questions furor over his donation JAKARTA (JP): Minister of Foreign Affairs Alwi Shihab said Brunei's Sultan Hassanal Bolkiah questioned the public furor here over his US$2 million donation to President Abdurrahman Wahid, saying the monarch conferred the money in a personal capacity.

Provinces asked to honor contracts signed by Jakarta

Provinces asked to honor contracts signed by Jakarta JAKARTA (JP): President Abdurrahman Wahid urged provincial and district administrations on Monday to honor business contracts concluded by the central government and to act as good hosts to businesses.

IPB student expelled for forging marks

IPB student expelled for forging marks BOGOR (JP): A new student at Bogor Agricultural Institute (IPB) was expelled from the institute for forging his high school marks. IPB spokesman Amiruddin Saleh identified the student only as "a pupil from a West Java high school" and said that the student was accepted to the institute through talent screening.

... and expert urges 'some form of federalism'

... and expert urges 'some form of federalism' LONDON (JP): Indonesia needs to adopt some form of fiscal and political federalism if it wants to survive as one country, economist Anne Booth says. While acknowledging the historically poor image of the concept among Indonesians, the professor at the School of Oriental and African Studies said there are many forms of fiscal and political federalism being practiced in the modern world.

Indonesia Democracy Institute launched

Indonesia Democracy Institute launched JAKARTA (JP): The New Indonesia Democracy Institute, established by noted figures from the Indonesian Democratic Party of Struggle (PDI Perjuangan), was launched on Monday as a body designed to heighten political awareness and education. The institute's chairman Dimyati Hartono said that the organization was a vehicle to help improve the ethics of Indonesian politicians. "This is an open organization.

A welcome show of unity

A welcome show of unity Whatever has prevented the nation's leaders from meeting to defuse the political tension currently gripping Indonesia, as intellectuals and analysts have urged, it did not stop legislators in the People's Consultative Assembly from issuing their own statement aimed at easing the tension.

Defendants get five years for distributing fake money

Defendants get five years for distributing fake money JAKARTA (JP): Two defendants in a counterfeit money case winced on Monday after a judge sentenced them to five years each in prison for distributing Rp 80 million (US$8,421) of fake money. "The court finds defendants Timothy Erick Yonathan, alias Temmy, 36, and Hassan Foh, 47, guilty of violating Article 245 of the Criminal Code on fake money distribution," presiding judge Manis Sudjono told a hearing at the Central Jakarta District Court.

Irregularities in state finances add up to Rp 209.43t

Irregularities in state finances add up to Rp 209.43t JAKARTA (JP): The Supreme Audit Agency (BPK) said on Monday it had found some 779 instances of irregularities involving Rp 209.43 trillion (US$23.27 billion) in the management of the state budget and state companies during fiscal year 1999/2000 that ended in March.

MPR's call for calm gets cool response

MPR's call for calm gets cool response JAKARTA (JP): A unified stance proclaimed on Sunday by all 11 factions of the People's Consultative Assembly (MPR) to reduce mounting political tensions got mixed reactions from observers with some saying it would help strengthen the plunging rupiah and others describing it as having little impact. Senior political observer Soedjati Djiwandono said on Monday that he doubted the statement would have any significant impact on the escalating political tension.

New appointments in the foreign ministry

New appointments in the foreign ministry JAKARTA (JP): Foreign Minister Alwi Shihab swore in four high- ranking officials to key positions at the ministry here on Monday. Hassan Wirajuda, signatory to the Humanitarian Pause on Aceh, was sworn in as Director General for Political Affairs replacing senior diplomat Nugroho Wisnumurti. Adian Silalahi took over as Director General ASEAN Cooperation, a post which he assumed several months earlier.

Sleep better knowing you saved a life

Sleep better knowing you saved a life By Danielle Bray JAKARTA (JP): Concern over endangered species, the loss of habitat and illegal trading in wildlife have prompted partnership between the Bass Hotel & Resort group, and the World Wide Fund for Nature (WWF) Indonesia. A small crowd gathered at the Crowne Plaza Hotel in Jakarta Thursday to learn more about the dangers of extinction facing Indonesian wildlife, and how the hotel patrons can support this cause.

Muslim TV stations necessary

Muslim TV stations necessary With reference to Mr. Pandu K's letter in The Jakarta Post dated July 12, 2000, titled Discrimination against Islam, I fully agree and am concerned that films shown on all TV stations are not Islamic and can have a very bad effect on our lives, especially on the younger generation. But expressing our concern about the bad effects of the electronic media is not enough, especially when the TV stations are in business to make money.

Residents foil taxi robberies

Residents foil taxi robberies JAKARTA (JP): Residents of Lebak Bulus, South Jakarta, and Penjaringan, North Jakarta, foiled taxi robberies in their respective areas early on Sunday morning, and handed over the suspects to the police. The decision by the locals to turn over the suspects to the police was somewhat unusual, given the recent spate of vigilantism in the capital.

Revised Agrarian Law demanded

Revised Agrarian Law demanded MAKASSAR, South Sulawesi (JP): Thousands of farmers and fishermen in the province marched to the provincial council office on Monday demanding revisions to the 1960 Agrarian Law which they described as "unjust". The protesters grouped in the People's Committee for Agrarian Renewal (KRSPA) said the People's Consultative Assembly in Jakarta should issue a regulation to revise the law. "The law has oppressed small farmers and fishermen since Soeharto's period.

Mysterious murder

Mysterious murder Recently local TV reported that a man traveling on an express train from Surabaya to Jakarta was killed when he went to the bathroom on the train. But the circumstances of the murder were so mysterious that it is comparable to a Sherlock Holmes story. The man apparently went to Surabaya to see his son win a gold medal for gymnastics at the National Games (PON).

Mayors postpone crackdown on street vendors

Mayors postpone crackdown on street vendors JAKARTA (JP): To safeguard against possible attacks on City Public Order officials, Jakarta's five mayors have decided to leave street vendors out of a cleanup operation of the capital. Interviewed separately, the mayors insisted, however, that stern action be taken against beggars, illegal traffic wardens, becak (pedicab) drivers, street corner car washers and street musicians. "We'll take care of the vendors later on.

Workshop questions Indonesia's autonomy laws

Workshop questions Indonesia's autonomy laws The School of Oriental and African Studies in London held a workshop on Southeast Asian politics on July 7-8. In this and the accompanying article, Santi W.E. Soekanto of The Jakarta Post gives her report on the discussions on Indonesia.

Fuad elected as new chairman of KAHMI

Fuad elected as new chairman of KAHMI SURABAYA (JP): The Corps of the Alumni of Islamic Students Association (KAHMI) ended its three-day congress here on Sunday with the election of Fuad Bawazier as its new chairman, who vowed to keep the organization independent. Fuad, a National Mandate Party (PAN) member of the People's Consultative Assembly (MPR), promised to keep the independent KAHMI on its current track.