Indonesian Political, Business & Finance News

Archive: 5 July 2000

48 articles found

Unique religious tradition in Bantul

Unique religious tradition in Bantul YOGYAKARTA (JP): Smoke from a blend of burning incense and yellow sandalwood wisped gently upwards while its fragrance spread through the holy altar of Candi Tyas Dalem Yesus, the Temple of the Sacred Heart of Jesus, at Ganjuran in Bantul, Yogyakarta.

Bank Danamon to allocate Rp 1.2t in new loans

Bank Danamon to allocate Rp 1.2t in new loans JAKARTA (JP): Publicly listed Bank Danamon plans to channel up to Rp 1.2 trillion (US$137.93 million) in new lending this year, according to the bank's vice president, Armand B. Arief.

RI Embassy tried hard to save Warni

RI Embassy tried hard to save Warni The unfortunate fate of Warni, as noted in your editorial of June 30, 2000, is indeed tragic and The Jakarta Post deserves credit for reminding us of the position of possibly hundreds of thousands of Indonesians currently working in some Asian and Middle Eastern...

Sutiyoso to grant bonuses to National Games medalists

Sutiyoso to grant bonuses to National Games medalists JAKARTA (JP): Jakarta governor Sutiyoso told reporters Tuesday that the Jakarta administration would grant cash bonuses to the province's 15th National Games (PON) medalists.

Australian attacked at JSX by mistake

Australian attacked at JSX by mistake JAKARTA (JP): An Australia national suffered a light injury on the back of his head after being hammered in the lobby of the Jakarta Stock Exchange (JSX) building in South Jakarta on Tuesday by a local businessman, who mistakenly identified the victim as the...

Huge Asian market awaits Tangguh gas: BP Amoco

Huge Asian market awaits Tangguh gas: BP Amoco JAKARTA (JP): Oil and gas company BP Amoco Plc said on Tuesday growing gas consumption in the Asian region gave its Tangguh LNG gas project in Irian Jaya vast potential markets.

Over 470,000 sit university admission exams

Over 470,000 sit university admission exams JAKARTA (JP): Nearly 472,000 senior high school graduates throughout the country, excluding riot-torn provinces of Maluku, North Maluku and Aceh, turned up for the entrance exams for state universities on Tuesday.

TNI decree a must for probe into PDI incident

TNI decree a must for probe into PDI incident JAKARTA (JP): An officer hinted on Tuesday that a joint National Military Police-National Police investigative team would have to secure approval from the Indonesian Military (TNI) chief before it could start an inquiry into the violent attack on the...

Ministry plans defense against invitation force

Ministry plans defense against invitation force JAKARTA (JP): The Ministry of Defense is designing a new defense plan to anticipate the possibility of an invitation force coming to the country in the interest of another humanitarian mission.

The race in Indonesia's online banking

The race in Indonesia's online banking The following is the first of two articles on on-line banking by C.G. Moghe, a Jakarta-based adviser on financial issues for a multi-industry group in Indonesia and an expert on risk management.

Amirul installed as Kopassus chief

Amirul installed as Kopassus chief JAKARTA (JP): Maj. Gen. Amirul Isnaini officially took over from Maj. Gen. Syahrir M.S. as the commander of Army Special Forces (Kopassus) on Tuesday.Amirul was installed as the new chief of the elite force in a ceremony presided over by Army Chief of Staff Gen.

Foreign markets beckon to local paper, pulpmakers

Foreign markets beckon to local paper, pulpmakers JAKARTA (JP): Indonesia's pulp and paper exports should grow in the coming years as supplies from the world major's producers in North America and Scandinavia continue to decline, a government official said here on Tuesday.

Woman suspects body parts may be her brother's

Woman suspects body parts may be her brother's JAKARTA (JP): A female university student thinks body parts at the morgue of Cipto Mangunkusumo General Hospital (RSCM) could be those of her brother, a senior forensic expert has said.

TNI denies police training linked to Paspampres

TNI denies police training linked to Paspampres JAKARTA (JP): Jakarta Garrison Commander Brig. Gen. Hasanuddin denied on Tuesday a statement made by a senior police officer that some 200 police officers had been undergoing special training to replace the military personnel currently assigned to the...

A tragic odyssey

A tragic odyssey Last Sunday, at about 9 a.m., the answer to the mystery of what happened to the missing Cahaya Bahari was at last revealed.The Minahasa IX passenger ship, alerted by the National Search and Rescue Agency, picked up 11 people who had been adrift for three days in the sea, about 73...

Observers urge political pause for nation's sake

Observers urge political pause for nation's sake JAKARTA (JP): Observers urged politicians on Tuesday to establish a truce to allow the government to concentrate on settling the nation's problems, particularly those related to economic recovery.

Central Jakarta Mayor okays leasing of city assets

Central Jakarta Mayor okays leasing of city assets JAKARTA (JP): Central Jakarta Mayor Andi Subur Abdullah said on Tuesday that his office would let city assets be leased to third parties as long as the deals benefited the city's revenue and the assets were maintained.

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), July 6 to 19.

Asian monies mostly weaker as rupiah dives

Asian monies mostly weaker as rupiah dives SINGAPORE (Dow Jones): Asian currencies were mostly weaker late Tuesday, as market-soothing words from Indonesian President Abdurrahman Wahid helped stabilize the embattled rupiah.

U.S.-Vietnam trade deal still unfinished

U.S.-Vietnam trade deal still unfinished HANOI (AP): Even as U.S. Ambassador Pete Peterson presided over celebrations Tuesday marking the 5th anniversary of U.S.- Vietnamese diplomatic relations, the final step towards normalization - a bilateral trade agreement - remains just out of reach.

An example of political elite

An example of political eliteFrom Media IndonesiaWhat a shame! The fate that awaits us, the little people. Do you want to know the true status of this country's people at a time when their future has become increasingly uncertain.

Hope fading for ferry survivors

Hope fading for ferry survivors JAKARTA (JP): Cries and tears erupted as 10 survivors of the missing Cahaya Bahari ferry, packed with refugees fleeing strife- torn Tobelo district in North Maluku, were reunited with relatives in Bitung Port in North Sulawesi on Tuesday morning.

Council asks PD Pasar Jaya to improve its management

Council asks PD Pasar Jaya to improve its management JAKARTA (JP): In search of a greater contribution from PD Pasar Jaya to the city's revenue, City Council Commission B on Economic Affairs called on the administration on Tuesday to improve the management of the city-owned market operator.

Defendant dares witness to take religious oath

Defendant dares witness to take religious oath JAKARTA (JP): Defendant Nasir Salim, 49, challenged a witness at a Central Jakarta District Court hearing on Tuesday to go through a sumpah pocong death-warranted oath following her conflicting statement in the previous court hearing.

41 Afghans stranded in Surabaya

41 Afghans stranded in Surabaya SURABAYA: A total of 41 Afghans, including 13 children, have been stranded in Surabaya since Monday after being mistakenly taken here by the Barito passenger motorboat from Kupang, East Nusa Tenggara.Chief of Tanjung Perak Port Supt.

E-retailers still need offline outlets

E-retailers still need offline outlets JAKARTA (JP): Indonesian e-retailers still need to blend their new, modern virtual marketing system with the conventional offline shopping approach to boost transactions, an analyst with a global consulting firm said here on Tuesday.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 4, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,470.00 9,470.00 8,925.00 9,015.00Australian dollar 1 5,067.60 5,607.64 5,339.83 5,398.18Austrian schilling 1 583.22 652.42 614.55 621.

Gus Dur backtracks on his accusations

Gus Dur backtracks on his accusations JAKARTA (JP): President Abdurrahman Wahid backtracked on Tuesday on his accusation that legislators were behind many of Indonesia's current political troubles."Who said that the troublemakers are (members of) the DPR (House of Representatives)? I did not say...

Notorious motorcycle robber shot dead

Notorious motorcycle robber shot dead JAKARTA (JP): A police detective in Tangerang shot dead a man, believed to be a member of a notorious gang of motorcycle thieves, in Teluk Naga district, an officer said on Tuesday.Second Insp.

Blast rocks Attorney General's Office

Blast rocks Attorney General's Office JAKARTA (JP): An explosive devise exploded in a building in the Attorney General's Office compound in South Jakarta on Tuesday evening, causing minor damage but no casualties.

Indonesia needs a prime minister

Indonesia needs a prime minister Noted experts and officials meeting in Bali over the weekend offered recommendations to help the nation escape its current crisis. Mochtar Pabottingi, senior researcher at the National Institute of Sciences analyses the recommendations.

Students to hit the streets again

Students to hit the streets again JAKARTA (JP): Activists from several student organizations announced on Tuesday their plan to hold a massive anti-Soeharto rally in the capital on Thursday.Widi from Forbes (Collective Forum) and Fauzan of Famred (Students Action Front for Reforms and Democracy)...

IBRA secures deal with top debtors

IBRA secures deal with top debtors JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has reached a crucial restructuring agreement with some of its largest debtors, according to agency chairman Cacuk Sudarijanto.Cacuk said on Tuesday that an agreement has been reached to restructure 28.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 4, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 675 0 0 Adindo Foresta Indonesia 325 0 1,555,500 Alakasa Industrindo 550 0 0 Alfa Retailindo 900 10...

Reality check for Malaysia's stock market experiments

Reality check for Malaysia's stock market experimentsBy Lim Say Boon SINGAPORE: Today, Malaysia will resume trading of the hitherto-frozen Clob shares -- Malaysian stocks traded over the counter here until the implementation of capital controls in late 1998 -- thus ending an 18-month saga which had...

Rp 900b expected from Kimia Farma divestment

Rp 900b expected from Kimia Farma divestment JAKARTA (JP): The government expects to gain Rp 900 billion (US$101 million) from the divestment of between 10 percent to 35 percent of its stake in pharmaceutical company PT Kimia Farma in December, the company's president said on Tuesday.

Ministers discuss terrorism, piracy

Ministers discuss terrorism, piracy SINGAPORE (Agencies): High-level defense officials from five countries meeting in Singapore on Tuesday discussed the rising threats of terrorism and sea piracy in Asia.

KL palm oil extends losses on liquidation

KL palm oil extends losses on liquidation KUALA LUMPUR (Reuters): Malaysian palm oil futures extended losses on Tuesday on continued long liquidation prompted by weakness in Chicago soyoil prices.Traders said worries over high domestic stocks also continued to drag down prices.

Philippine troops capture part of rebel headquarters

Philippine troops capture part of rebel headquarters COTABATO, Philippines (Agencies): Government troops captured parts of the sprawling headquarters of the biggest Muslim separatist group in the Philippines on Tuesday, and said they could take the complex in two days.

Bottled mineral water -- healthy or hype?

Bottled mineral water -- healthy or hype?By Clare E. Urwin SURABAYA (JP): Drinking bottled mineral water is fashionable and smart, and the recent increase in worldwide consumption has been dramatic and is still growing.

Athletic meet delayed due to Assembly Session

Athletic meet delayed due to Assembly Session JAKARTA (JP): The Asian Track and Field Championships and the Asian Amateur Athletics Association (AAAA) congress, initially scheduled to take place at the Senayan Madya Stadium and the Jakarta Convention Center in early August, have had to be delayed...

Pastoral Congress opens in Maumere

Pastoral Congress opens in Maumere MAUMERE, East Nusa Tenggara: Ende Archbishop Mgr. Abdon Longinus da Cunha Pr opened here on Tuesday the 4th Pastoral Congress with a call for more concern for people suffering from economic woes.

President blames rupiah's fall on complex problems

President blames rupiah's fall on complex problems JAKARTA (JP): President Abdurrahman Wahid blamed the strong volatility of the rupiah, which dropped to a 16-month low of Rp 9,000 to the American dollar on Tuesday morning, on the complexity of problems Indonesia is facing.

Three villages in Ambon set on fire

Three villages in Ambon set on fire AMBON, Maluku (JP): State Pattimura University and three surrounding villages were set on fire by armed attackers as violence intensified here on Tuesday.Hundreds of houses and four churches went up in flames.

Council speaker told to resign

Council speaker told to resign PURWOKERTO, Central Java: Some 400 members of the Indonesian Democratic Party of Struggle (PDI Perjuangan) in Banyumas regency staged a protest on Tuesday demanding that the local legislative council speaker, Tri Waluyo Basuki, resign from the post.

Building a moral force within our current political life

Building a moral force within our current political lifeBy Mochtar Buchori JAKARTA (JP): To be a visible member of a big political party and a not-so visible member of the House of Representatives (DPR) is a privilege that should make one feel proud and content.Yet, this is not the case with me.

China cautious about Taiwan for now

China cautious about Taiwan for nowBy Ellis Joffe ANN ARBOR, Michigan, United States: China will attack the island it regards as a rebel province only if Taiwan's leaders declare independence formally and separate irrevocably from the mainland.

Gunmen take two hostage after arms heist in Malaysia

Gunmen take two hostage after arms heist in Malaysia KUALA LUMPUR (Reuters): Thieves who stole a major weapons cache from two Malaysian army camps by posing as military officers have taken two men hostage, police said on Tuesday.