Indonesian Political, Business & Finance News

Archive: 6 July 2000

55 articles found

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Interval 12:30 p.m. Film 2:00 News 2:30 Children's Program 3:30 Documentary 4:00 Regional News 5:30 TVRI News (in English) 6:30 Religious Teachings 7:00 Evening News 7:30 TV Drama 8:00 Sport 9:00 World News 9:30 TV...

KPC declares force majeur as strike continues

KPC declares force majeur as strike continues JAKARTA (JP): PT Kaltim Prima Coal (KPC), a subsidiary of Australian mining giant Rio Tinto, announced a force majeur to its local and foreign buyers on Wednesday as a workers' strike had made it impossible to continue coal shipments.

'Wayang' gets antidrug twist

'Wayang' gets antidrug twist PURWOKERTO, Central Java: Nine wayang kulit (shadow puppet) masters, including Entus Susmono, will launch an antidrugs campaign on Thursday night.Entus said on Wednesday the puppet shows would be held in the regencies of Kedu, Banyumas and Magelang.

PRD files Rp 5.5b lawsuit against 'Soeharto regime'

PRD files Rp 5.5b lawsuit against 'Soeharto regime' JAKARTA (JP): The Democratic People's Party (PRD) filed a Rp 5.5 billion (US$617,000) lawsuit with the Central Jakarta District Court on Wednesday against former president Soeharto in connection with the July 27, 1996 violence on Jl.

Bali set to become Indonesia's fashion capital

Bali set to become Indonesia's fashion capitalBy Rita A. Widiadana NUSA DUA, Bali (JP): Bali is quickly becoming Indonesia's fashion capital with the opening of International Bali Fashion Week 2000 on Wednesday.

Iraqi brandishes broken bottle at district court

Iraqi brandishes broken bottle at district court JAKARTA (JP): An Iraqi national went berserk on Wednesday afternoon at the Central Jakarta District Court, when police and court officials tried to remove him from the court's detention room and return him to the Salemba Penitentiary in Central...

20 boxers to fight in President Cup

20 boxers to fight in President Cup JAKARTA (JP): The Indonesian Amateur Boxing Association (Pertina) netted 20 boxers who performed well during the 15th National Games (PON) in Surabaya last month, Pertina's deputy secretary-general, Didiet Soedijoto, said on Wednesday.

High-ranking police officers promoted

High-ranking police officers promoted JAKARTA (JP): The National Police Headquarters announced on Tuesday the promotion of 10 high-ranking and 25 middle-ranking police officers at the headquarters."The promotion has a different meaning from previous promotions," National Police chief Gen.

Amien warned against criticizing Gus Dur

Amien warned against criticizing Gus Dur JAKARTA (JP): People's Consultative Assembly Speaker Amien Rais got a dose of his own medicine when the Muhammadiyah Muslim organization, which he chaired for many years, formally reprimanded his incessant attacks on President Abdurrahman Wahid.

Persija hopes to profit from hosting league

Persija hopes to profit from hosting league JAKARTA (JP): Jakarta-based club Persija hopes to profit when it hosts the quarterfinals of the Bank Mandiri national soccer league at Senayan Stadium next week.

Dutch sculpture on display at Erasmus

Dutch sculpture on display at Erasmus JAKARTA (JP): A full overview of the trends in Dutch sculpture from the beginning of the 20th century to the present, from figurative to realistic, is currently on display at Erasmus Huis in South Jakarta until July 29.

Ethnic Chinese live in perfect harmony in Bali

Ethnic Chinese live in perfect harmony in BaliBy I Wayan Juniarta DENPASAR (JP): Bali has been a perfect place for the many ethnic Chinese who have regarded the island as their homeland for hundreds of years.

Arin's mechanical aesthetic unfolds naturally on canvases

Arin's mechanical aesthetic unfolds naturally on canvases JAKARTA (JP): We have come a long way from the Renaissance, and so has Raden Saleh. These days, Indonesian painters are more likely to be mechanics in one way or another -- or they might listen to the pop group Mike and the Mechanics.

Let there be peace in Maluku

Let there be peace in Maluku I am surprised at the way the government is handling the sectarian problem in Maluku. It has been more than a month since I started to read about the violence taking place in that region. And new violence has erupted again.

Floods kill 11, quakes jar nerves in RP

Floods kill 11, quakes jar nerves in RP MANILA (Agencies): At least 11 people were killed and more than 80,000 fled their homes when a tropical storm pounded the Philippines' most populous island of Luzon for the second day on Wednesday, officials said.

No outside trial for Osama: Taleban

No outside trial for Osama: Taleban KARACHI, Pakistan (AFP): Afghanistan's Taleban authorities on Wednesday said they would not deliver suspected terrorist Osama bin Laden to a Lockerbie-style trial, saying there is no evidence against him.

Unique Bissu community on stage at Japan Foundation

Unique Bissu community on stage at Japan Foundation JAKARTA (JP): A one-day discussion and cultural performance by the Bissu community of the Bugis village in South Sulawesi will be held on Thursday and Friday at the Japan Foundation.

Married couple severely burnt

Married couple severely burnt JAKARTA (JP): A married couple Achmad and Minah of Bojong subdistrict in Bogor were found burned in their house at predawn Wednesday.28-year-old Minah died after the fire scorched her body, while her 40-year-old husband was fortunately still alive, although he suffered...

Dangerous practice on toll roads

Dangerous practice on toll roads I am writing this letter because I am concerned about the dangerous practice bus operators on toll roads have recently adopted of off-loading passengers right in the middle of toll roads.The most frequent offenders are Mayasari Bakti buses.

Where to go in Bali:

Where to go in Bali:Exhibitions * Contemporary Indonesian Painting and Sculpture Exhibition at Kafe Warisan, Jl. Raya Kerobokan 38 (Phone: 0361 731175) in Kuta, July 6. * Painting Exhibition: Kebiar Seni VI Bibit, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m.

Govt to cut CPO export tax

Govt to cut CPO export tax JAKARTA (JP): The industry and trade ministry has recommended to the finance ministry that the export tax on crude palm oil (CPO) be halved from 10 percent to 5 percent and that on palm oil products be abolished in a bid to increase the commodity's competitiveness on the...

City Council OKs stern actions against rioters and criminals

City Council OKs stern actions against rioters and criminals JAKARTA (JP): In response to growing public concern over security conditions in the capital, the City Council has given its approval to Jakarta Police Headquarters to take stern action against rioters and criminals, a senior councillor...

Defending the rupiah

Defending the rupiah It seems that the government, notably Bank Indonesia (central bank), does not have a lot of ammunition to shore up the rate of the rupiah, which fell almost 4 percent over the last three days alone and is now hovering at a 16-month low of almost Rp 9,400 to the American dollar.

Indonesia unlikely to seek exemption from AFTA

Indonesia unlikely to seek exemption from AFTA JAKARTA (JP): Indonesia will unlikely ask for an exemption from the ASEAN Free Trade Area (AFTA) for its car industry, Director General for Metal, Machinery, Electronics and Various Industries, Agus Tjahajana, said here on Wednesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 5, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 675 0 3,000 Adindo Foresta Indonesia 315 -10 7,353,000 Alakasa Industrindo 800 250 500 Alfa Retailindo...

New sports website launched

New sports website launched JAKARTA (JP): The Satunet Group launched on Wednesday its new sports website called www.satusports.com, the group's chief executive officer, Robert Eskapa, said."Satusports.com is targeted at Indonesian-speaking Internet surfers.

Standby buyers buy most of PT BM shares

Standby buyers buy most of PT BM shares JAKARTA (JP): Publicly listed PT Bumi Modern announced on Wednesday the majority of the rights shares it offered during its recent limited public offering had been purchased by standby buyers, because most of the existing shareholders did not exercise their...

Terrified residents flee Maluku capital of Ambon

Terrified residents flee Maluku capital of Ambon AMBON, Maluku (JP): Thousands of terrified residents fled the Maluku capital of Ambon on Wednesday following days of rioting that has left many houses and buildings leveled to the ground.

Riau sets up own firm to run CPP oil block

Riau sets up own firm to run CPP oil block JAKARTA (JP): The Riau provincial administration had set up its own company, PT Petroleum Riau Makmur, to develop and manage the Coastal Plain Pekanbaru (CPP) oil block, Governor Saleh Djasid said here on Wednesday.

Asian currencies down on new woes

Asian currencies down on new woes SINGAPORE (Dow Jones): A slew of negative political and economic news pushed most Asian currencies sharply lower Wednesday, with the Indonesian rupiah taking the biggest tumble.

Asian athletics c'ships delay worries athletes

Asian athletics c'ships delay worries athletes JAKARTA (JP): Asian athletes already qualified for the Sydney Olympics in September may not consider the delay of the Asian Track and Field Championships at Senayan Madya Stadium a major problem.

Hope for the police

Hope for the policeFrom Bisnis IndonesiaThe disorder in Jakarta is no longer bearable. A one-way road is now boldly transgressed either by bajaj (three-wheeled motorized vehicle), taxi, motorbikes or bicycles, causing traffic jams.

2,000 Mobile Brigade troops to be sent to Irian Jaya

2,000 Mobile Brigade troops to be sent to Irian Jaya JAYAPURA, Irian Jaya (JP): Some 2,000 of the police's mobile brigade (Brimob) troops will soon be sent to Irian Jaya to maintain security and order in the whole area of the easternmost province, Irian Jaya police chief Brig. Gen.

Indonesia stands firm on Timorese pensions

Indonesia stands firm on Timorese pensions SURABAYA (JP): The Indonesian government is remaining steadfast in its refusal to pay former civil servants of East Timorese origin who have chosen to relinquish their citizenship.

Poso students short on cash

Poso students short on cash MAKASSAR, South Sulawesi: At least 500 university students from Poso fear they can no longer continue their studies as their parents have fled the riot-torn regency.Sukri, an organizer of the Poso Students Task Force, said most of the students had not received any money...

Marzuki undeterred by blast

Marzuki undeterred by blast JAKARTA (JP): Attorney General Marzuki Darusman vowed on Wednesday to continue with cases under investigation by his office despite bomb terrors."If it was intended to terrorize, we are not going to be intimidated.

Massive jams in Ketapang port

Massive jams in Ketapang port DENPASAR, Bali: An influx of holiday makers is causing massive jams in Ketapang, East Java, with vehicles queuing for up to eight hours in to board the ferry across the Bali Strait to Gilimanuk, Bali.

Presidential address transcript

Presidential address transcript As President Abdurrahman Wahid made a denial to the press on July 4, 2000, saying he had never said that the mastermind of riots was in the House of People's Representatives/People's Consultative Assembly, allow me to propose that to enable the public to have an...

Rupiah's plunge 'does not reflect' economic basics

Rupiah's plunge 'does not reflect' economic basics JAKARTA (JP): Coordinating Minister of Economy, Finance and Industry Kwik Kian Gie said here on Wednesday that the rupiah's dramatic drop over the last two days did not reflect the company's economic fundamentals.

The race in Indonesia's on-line banking

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

RP inflation tame but no rate cut seen

RP inflation tame but no rate cut seen MANILA (Reuters): Philippine consumer prices rose a mild 3.9 percent year-on-year in June but the benign figure is unlikely to lead to an interest rate cut because of the weakness of the peso, analysts said on Wednesday.

Central Java tax income below par

Central Java tax income below par BANYUMAS, Central Java: Awareness of the need to pay land and property tax is still low in the Banyumas district.Head of the Banyumas revenue agency Suroso told The Jakarta Post on Tuesday that only eight of 329 villages in the district had paid their dues since...

Twins shine a light under Pluit flyover

Twins shine a light under Pluit flyoverBy Joko E.H. Anwar JAKARTA (JP): It was Tuesday afternoon under the Jembatan Tiga flyover in Pluit, North Jakarta. A group of some 70 children, mostly shoeless and wearing shabby clothes, were seen waiting impatiently for something.

Tourists slow to return to Bali amid promotion

Tourists slow to return to Bali amid promotion NUSA DUA, Indonesia (AFP): Tourists have been slow to return to Bali despite the efforts of the local authorities and tourist industry to restore the reputation of the Indonesian holiday island.

Gopichand gets Arjuna Award

Gopichand gets Arjuna Award JAKARTA (JP): Men's singles shuttler Pullela Gopichand of India received the Arjuna Award -- the highest sporting honor in his country -- from Indian President Kocharil Narayanan earlier this week for his achievements and contributions to badminton, World Badminton...

Iraq may double oil-for-food deal with Indonesia

Iraq may double oil-for-food deal with Indonesia JAKARTA (JP): Iraq will likely double its oil-for-food trade deal with Indonesia next year from the current value of US$500 million to $1 billion, Minister of Trade and Industry Luhut Pandjaitan said here on Wednesday.

BI to maintain tight monetary policy

BI to maintain tight monetary policy JAKARTA (JP): Bank Indonesia said on Wednesday it would continue its tight monetary policy and allow a further increase in interest rates to help curb inflationary threats and strengthen the rupiah.

East Java the best prepared for autonomy, says Affan

East Java the best prepared for autonomy, says Affan SURABAYA (JP): East Java is province best prepared for autonomy, despite certain problems that must be dealt with by the central government, a government official said here on Tuesday.

Three killed in accident

Three killed in accident BOGOR (JP): Three people were killed and 25 others injured when a Navy truck carrying 32 students from high school 79 in Jakarta plunged into a 15-meter deep ravine in Bogor.One of the deceased was the driver of the truck, identified as Bat Adi.

City ready for autonomy, Sutiyoso says

City ready for autonomy, Sutiyoso says JAKARTA (JP): Governor Sutiyoso reiterated on Wednesday his belief in the capital's readiness for the full implementation of regional autonomy next year and also hinted at the residents' political awareness in respect of any future direct presidential...

RI urged to apply for debt relief arbitration

RI urged to apply for debt relief arbitration JAKARTA (JP): Indonesia should strive for a "fairer" debt negotiation mechanism as part of efforts to force foreign creditors to write off some of the country's sovereign debts, according to experts.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 5, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,565.00 9,565.00 8,582.53 8,677.28Australian dollar 1 5,107.31 5,708.39 5,378.63 5,436.85Austrian schilling 1 592.25 662.10 623.72 630.

TNI needs to follow the times

TNI needs to follow the times The reputation of the Indonesian Military (TNI) has been tarnished by accusations of human rights violations in several troubled areas and during mass demonstrations in the capital.

Is your used car stolen? Find out for free at police kiosk

Is your used car stolen? Find out for free at police kiosk JAKARTA (JP): Since opening last February, few people have used the information kiosk at Jakarta Police Headquarters to verify the status of used vehicles they planned to purchase, an officer said on Wednesday.

House names 45 members of wealth inquiry commission

House names 45 members of wealth inquiry commission JAKARTA (JP): The Houses of Representatives will officially name the 45 members of the Inquiry Commission on State Official's Wealth here on Thursday.