Indonesian Political, Business & Finance News

Archive: 22 July 2000

59 articles found

Poor people and cheap VCDs

Poor people and cheap VCDs The Jakarta Post editorial on July 19, 2000, entitled A nation of pirates caught my attention. The Post categorized those who pirate VCDs, CDs and software and those who buy them as notorious culprits that have behaved immorally, and, accordingly, should be crushed as if...

Asian currencies mixed late, Indonesia concerns dominate

Asian currencies mixed late, Indonesia concerns dominate SINGAPORE (Dow Jones): Asian currencies were mixed late Friday, as U.S. Federal Reserve Chairman Alan Greenspan's relatively benign testimony overnight did little to neutralize concerns over heightened political tensions in Indonesia, dealers...

All Indonesian tennis final in men's doubles

All Indonesian tennis final in men's doubles JAKARTA (JP): Indonesia assured itself of the men's doubles title at the US$15,000 Extra Joss Men's Future-3 tennis tournament on Friday.The pairing of Febi Widhiyanto and Hendri Susilo Pramono booked their place in Saturday's final with a hard-earned...

Street vendors rally against eviction

Street vendors rally against eviction MAKASSAR, South Sulawesi: Some 500 street vendors at the Terong public market staged a peaceful protest here on Friday against an impending eviction.The protesters marched through the downtown streets and stopped in front of the office of city mayor H.B.

Indofood plans stock split

Indofood plans stock split JAKARTA (JP): Publicly listed food giant PT Indofood Sukses Makmur will carry out a five-for-one stock split to improve the liquidity of the company's stock trading on the stock exchange.

Suu Kyi appeals to ASEAN

Suu Kyi appeals to ASEAN BANGKOK (Agencies): Aung San Suu Kyi urged Myanmar's neighbors on Friday to help bring restore democracy in the country, saying its problems were now the responsibility of the whole region.

Doyok defends as drug user

Doyok defends as drug user JAKARTA (JP): Comedian Doyok Sudharmaji had confessed before police investigators that he was merely a drug user, a city police officer said on Friday."We don't have evidence yet to prove that Doyok is a drug trafficker," acting city police spokesman Supt.

Another earthquake shakes the capital

Another earthquake shakes the capital JAKARTA (JP): An earthquake measuring 5.5 on the Richter scale hit the capital on Friday morning.No damages or fatalities were reported.Many Jakartans were unaware of the jolt, which according to the Meteorology and Geophysics Agency (BMG) lasted for about 10...

Are we committed to getting better?

Are we committed to getting better?By Nirwan Idrus JAKARTA (JP): Many would agree that one gets over an illness much quicker if one really and truly wants to get better. Anecdotal evidence also supports this. Just ask your doctor.

Security troika to win approval

Security troika to win approval BANGKOK (AFP): ASEAN's plan for a "troika" to mediate on regional disputes looks likely to win support from the group's foreign ministers who will meet here next week, analysts said on Friday.

American women laud taxi driver

American women laud taxi driver On June 28, 2000, a Blue Bird taxi driver was driving for a couple of American citizens who are relocating to Jakarta from Moscow in the near future. They were looking for a place to live and doing various other tasks involved in moving, one of which was stopping by...

Living in foreign countries brings maturity: Shuttler Agus

Living in foreign countries brings maturity: Shuttler Agus JAKARTA (JP): As one of the world's badminton powerhouses, Indonesia has proven its capability of producing many talents of international standard.

Political concerns haunt RI's bonds

Political concerns haunt RI's bonds HONG KONG (Dow Jones): Asian benchmark bonds held firm Friday and remained well bid despite lower U.S. Treasury yields from Thursday's rally.Indonesia's bond spread suffered the most due to renewed political concerns.

Tradition and values live on at RSCM

Tradition and values live on at RSCMBy Ida Indawati Khow Cipto Mangunkusumo General Hospital used to provide free treatment to the poor, and at one stage even paid women to have babies there. Its turbulent history is testament to the struggles the institution endured to uphold the hospital's values...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: From Rural to Urban, by Amrus Natalsya, at Galeri 678, Jl. Kemang Raya no. 32, South Jakarta (Phone: 71792164), until July 31. * Painting Exhibition by Moh. Rusnoto Susanto, at Galeri Cipta III, Ismail Marzuki Cultural Center, Jl.

Ministry proposes new school curriculum

Ministry proposes new school curriculum JAKARTA (JP): The Ministry of National Education is in the initial phase of trying out a new curriculum which will give schools the freedom to choose one of three curriculums most suitable to them.

Haze to cloud western part of N. Sumatra

Haze to cloud western part of N. Sumatra JAKARTA (JP): Haze due to forest fires is expected to linger and envelop the western coastal area of North Sumatra for the next three weeks, officials disclosed on Friday.

RI youth in court on hacking charges

RI youth in court on hacking charges SINGAPORE (DPA): An Indonesian youth faces 16 charges of unauthorized computer access and modifications after admitting he hacked into the server of a Singapore research and development institute from Australia, it was reported on Friday.

Governors request command over provincial police

Governors request command over provincial police JAKARTA (JP): Governor Sutiyoso hinted on Friday that all Indonesia's 26 governors recently issued a joint recommendation to central government that provincial police be put under their supervision.

PSSI mulls punishing league's organizer

PSSI mulls punishing league's organizer JAKARTA (JP): The disciplinary commission of the Soccer Association of Indonesia (PSSI) is unsure whether it will impose sanctions against the organizing committee of the Indonesian league's semifinals and final for failing to avoid an invasion of the field...

Barak said to accept U.S. proposal

Barak said to accept U.S. proposal THURMONT, Maryland (Reuters): Israeli Prime Minister Ehud Barak has accepted a U.S. proposal for shared rule in Arab East Jerusalem, one of his ministers said on Friday, but the Palestinians said it fell far short of their demand for full sovereignty.

We need Gus Dur as a symbol: Riswandha

We need Gus Dur as a symbol: Riswandha After Thursday's session between the President and legislators, Riswandha Imawan, lecturer of politics at the Yogyakarta-based Gadjah Mada University, suggests a "win-win solution.

S&P pulls Satelindo from the Creditwatch

S&P pulls Satelindo from the Creditwatch JAKARTA (Dow Jones): Standard & Poor's Corp. said Friday it has raised its long-term corporate credit rating on Indonesian cellular operator PT Satelindo to CCC from CCC-, and removed the rating from CreditWatch, where it was placed in May 1998.

BI to join Bank for Int'l Settlement

BI to join Bank for Int'l Settlement JAKARTA (JP): Acting governor of Bank Indonesia Anwar Nasution said on Friday that the central bank would join the Bank for International Settlement (BIS) after winning the approval of the House of Representatives.

Jealous husband throws acid on wife

Jealous husband throws acid on wife DEMAK, Central Java: Police arrested on Thursday a man who allegedly doused his 19-year-old wife with acid.Demak Supt. R.M.L. Tampubolon said on Friday that Koi Suh, 20, was jealous of his beautiful wife, Sumarti, as she was sometimes seen flirting with other men.

Councillors set terms for Sutiyoso to keep job

Councillors set terms for Sutiyoso to keep job JAKARTA (JP): City councillors from three major political factions say that Governor Sutiyoso could keep his job provided he makes some improvements in the administration.

Court to hear Anwar's appeal

Court to hear Anwar's appeal KUALA LUMPUR (Reuters): Malaysia's highest court will hear on Aug. 1 an appeal by jailed former finance minister Anwar Ibrahim to make Prime Minister Mahathir Mohamad testify at his sex trial, which has just ended.

BI takes action to curb speculation on the rupiah

BI takes action to curb speculation on the rupiah JAKARTA (JP): Bank Indonesia said on Friday it had been moving to curb speculation on the beleaguered rupiah by actively monitoring the activities of commercial banks' dealing rooms to ensure they abided by prudential rulings.

Voting vs consensus

Voting vs consensus To many, the events and proceedings that took place inside and outside Jakarta's City Hall on Jl. Kebon Sirih on Thursday may look somewhat complicated and confusing. To those, however, who have a knowledge of the procedures by which things have always been done in the corridors...

RP rebels release four Malaysians and two Filipinos

RP rebels release four Malaysians and two Filipinos MANILA (AP): Moro extremists holding several dozen hostages in a remote Philippine jungle freed two Filipino teachers and four Malaysians on Friday, in their biggest releases so far.

Foreign movement suspected behind mining protests

Foreign movement suspected behind mining protests JAKARTA (JP): Minister of Mines and Energy Susilo Bambang Yudhoyono has blamed the involvement of an "international movement" on growing protests against Indonesian mining operations.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on July 21, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 635 100 234,500 Adindo Foresta Indonesia 320 10 3,114,000 Alakasa Industrindo 875 -25 500...

Minister calls for pause extension

Minister calls for pause extension BANDA ACEH, Aceh: Minister of Human Right Affairs Hasballah M. Saad said there was a need to extend the humanitarian pause in the province "as violence here has been reduced in quantity in the past couple of months".

Rights groups urge RP to resume peace talks with Moro rebels

Rights groups urge RP to resume peace talks with Moro rebels BANGKOK (AFP): Asian human rights groups urged Philippine President Joseph Estrada on Friday to resume peace talks with Moro separatist guerrillas in the south of the country.

'I'm Sorry': Gus Dur

'I'm Sorry': Gus Dur JAKARTA (JP): A day after his scathing attack on the House of Representatives, President Abdurrahman Wahid offered his apology on Friday and pleaded with the legislative body to let the interpellation matter rest in order to reduce political tension.

PKB vows to become inclusive party

PKB vows to become inclusive partyBy Ahmad Junaidi JAKARTA (JP): Can the National Awakening Party (PKB), which was established by the country's largest Muslim organization Nahdlatul Ulama (NU), become truly pluralistic?The party, once dubbed as "the only son" of the NU, is set to proclaim itself a...

Attorney General seizes Granadi Building

Attorney General seizes Granadi Building JAKARTA (JP): The Attorney General's Office confiscated on Friday the Granadi Building on Jl. H.R. Rasuna Said, South Jakarta, which belongs to the foundations owned by former president Soeharto.

Malaysia orders a clamp down on cult members

Malaysia orders a clamp down on cult members KUALA LUMPUR (Agencies): Department heads in Malaysia's government service have been ordered to crack down on staff who belong to the Al-Ma'unah mystical Islamic cult, a senior official said on Friday.

Gun counters at JCC prove a big draw

Gun counters at JCC prove a big draw JAKARTA (JP): A man walked toward a crowd of people gathered in front of several stands at the Police Technology Exhibition 2000 at the Jakarta Convention Center in Central Jakarta on Friday.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on July 21, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,525.00 9,525.00 8,980.00 9,070.00Australian dollar 1 4,970.08 5,557.84 5,235.34 5,292.35Austrian schilling 1 577.59 645.62 608.42 614.

Oil slips further as Saudis seen opening taps

Oil slips further as Saudis seen opening taps LONDON (Reuters): Oil prices slipped again on Friday amid mounting confidence that OPEC giant Saudi Arabia is quietly pumping more crude to cool overheated energy markets.North Sea Brent crude futures for September were down 26 cents at US$28.

East Timor wants to join ASEAN, SPF: Ramos Horta

East Timor wants to join ASEAN, SPF: Ramos Horta BANGKOK (AFP): East Timor will seek membership of both the Association of Southeast Asian Nations (ASEAN) and the South Pacific Forum (SPF) after it gains full independence, leader Jose Ramos Horta said on Friday.

Megawati to open congress

Megawati to open congress SEMARANG, Central Java: Vice President Megawati Soekarnoputri, who is also the leader of the Indonesian Democratic Party of Struggle (PDI Perjuangan), is scheduled to open the party's regional congress here on Saturday.

Sutiyoso preparing to deliver revised annual speech

Sutiyoso preparing to deliver revised annual speech JAKARTA (JP): As a consequence of the City Council's rejection of his annual accountability speech on Thursday, Governor Sutiyoso said on Friday he would continue running the administration while preparing a redrafted speech next month.

Exhibition of sunken treasure

Exhibition of sunken treasureBy Junus Satrio Atmodjo JAKARTA (JP): Thousands of years ago, when the relationship between humans and their hegemony over technology was still simple, the inhabitants of the Nusantara archipelago interacted commercially with each other using all means available.

Police look for burglary suspects

Police look for burglary suspects TANGERANG (JP): A burglary took place at the residence of Sr. Supt. Iman Haryatna, a senior officer of the National Police Intelligence Directorate, in Vila Melati housing complex here on Friday morning.First Insp.

RI asked to distance from IMF and U.S.

RI asked to distance from IMF and U.S. BAGHDAD (AFP): Iraqi President Saddam Hussein is calling on Indonesia to distance itself from the United States and from the International Monetary Fund, which he called an "American-Zionist trap".

Language in modern day society

Language in modern day society I am referring to Carl Chairul's story on Bahasa Indonesia in The Jakarta Post on July 16, 2000. He mentions: "America, the land of high technology, cannot claim ... ". It never ceases to amaze me the amount of comments from Indonesians in the paper, implying in some...

17 justice candidates proposed

17 justice candidates proposed JAKARTA (JP): The House of Representatives announced on Friday the names of 17 candidates it hopes to propose to President Abdurrahman Wahid to serve in the Supreme Court.

House members support plan to recapitalize BRI, BTN

House members support plan to recapitalize BRI, BTN JAKARTA (JP): Majority members of the House of Representatives commission IX on banking and state budget approved the government's proposal to recapitalize state Bank Rakyat Indonesia (BRI) and Bank Tabungan Negara (BTN).

Malaysia's Proton unable to compete by 2005: Yoshimi

Malaysia's Proton unable to compete by 2005: Yoshimi KUALA LUMPUR (Reuters): Malaysia's national car maker Perusahaan Otomobil Nasional Bhd (Proton) will not be able to compete under liberalized market conditions in 2005, its alternate director Fumio Yoshimi said on Friday.

Golkar mulls leaving Cabinet for opposition

Golkar mulls leaving Cabinet for opposition JAKARTA (JP): The Golkar Party said on Friday it was waiting for the right moment to withdraw itself and become a formal opposition party in the country.Following the results of a three-day leadership meeting, which said Golkar "was ready" to become an...

Hidayat optimistic on RI's tourism targets

Hidayat optimistic on RI's tourism targets JAKARTA (JP): State Minister for Tourism and the Arts Hidayat Jaelani is confident that Indonesia will meet its tourism target of 5.1 million foreign visitors and $5 billion in income this year, with some help from Chinese tourists.

Tell ASEAN truth about shakey economic recovery

Tell ASEAN truth about shakey economic recovery BANGKOK (AFP): Southeast Asians should be told the truth about the region's wobbly recovery from the 1997 financial crisis, which is often glossed over in official statistics, a leading social activist said Friday.

RI dominates men's doubles, Mia loses in quarterfinals

RI dominates men's doubles, Mia loses in quarterfinals JAKARTA (JP): Indonesia maintained its supremacy in the men's doubles as women's singles seeded players were upset in the quarterfinals of the US$150,000 Sanyo Indonesia Open on Friday.

Purchasing power of consumers recovers: Aprindo

Purchasing power of consumers recovers: Aprindo JAKARTA (JP): The country's retail sector has almost returned to precrisis level thanks to an improvement in the country's economy, according to the Association of Indonesian Retailers (Aprindo).

Are the foreign investors giddy about Vietnam again?

Are the foreign investors giddy about Vietnam again?By Michael Mathes HO CHI MINH CITY, Vietnam (DPA): Investors and brokers who gathered round the Ho Chi Minh City Securities Trading Center (STC) were all smiles last Thursday as Vietnam launched its first-ever bourse and inched closer to...

Japanese banks cautiously return to post-crisis Asia

Japanese banks cautiously return to post-crisis Asia TOKYO (Reuters): Three years after a devastating currency crisis hit the economies of East and Southeast Asia, Japanese banks are cautiously resuming lending to the region through syndicated loans, bankers say.

Datakom Asia's rating down

Datakom Asia's rating down SINGAPORE (Dow Jones): Standard & Poor's Friday lowered its long-term corporate credit rating on Indonesia-based Datakom Asia (P.DTK) to 'SD', or selective default, from CC.The CC rating on Pratama Datakom Asia B.V.