Indonesian Political, Business & Finance News

Archive: 1 August 2000

56 articles found

The Army reshuffle

The Army reshuffle As could have been expected, the replacement on Monday of Lt. Gen. Agus Wirahadikusumah, the chief of the Army Strategic Reserves Command (Kostrad), has opened up a trail of questions that are begging to be answered.

Criticized at home, British schools prosper in SE Asia

Criticized at home, British schools prosper in SE AsiaBy Joshua Kurlantzick BANGKOK (AFP): Under fire at home, British schools are gaining popularity in Southeast Asia, where they are making changes schools in Britain should heed, teachers and parents have said.

Mob attacks kill 21

Mob attacks kill 21 BANYUMAS, Central Java: Fourteen people have been burned alive and seven more hacked to death by mobs in Cilacap regency over the last seven months.Cilacap Police chief Supt. Bambang Sudarisman said on Monday that the violence had left 44 people injured, 75 houses gutted and...

Jayapura accepts refugees fleeing strife-torn Maluku

Jayapura accepts refugees fleeing strife-torn Maluku SORONG, Irian Jaya (JP): The remaining 968 refugees fleeing strife-torn Maluku on board the KM Dobonsolo disembarked in Jayapura on Monday."After a few days of disputes and rejection from some locals, the refugees were finally dropped off in...

Indonesia fails to meet coffee retention 'deadline'

Indonesia fails to meet coffee retention 'deadline' JAKARTA (JP): Indonesia had failed to meet the July 31 deadline set by the Association of Coffee Producing Countries (ACPC) to decide whether to join the global coffee retention program, an executive of the Association of Indonesian Coffee...

Jakarta wins Junior C'ships

Jakarta wins Junior C'ships SEMARANG (JP): Jakarta won the overall championship at the National Karate Junior Championships at Jatidiri indoor stadium on Sunday evening.The team from the capital finished with nine golds, seven silvers and five bronzes.

Asian currencies mostly down; baht hits new 10-month low

Asian currencies mostly down; baht hits new 10-month low SINGAPORE (Dow Jones): Asian currencies were mostly weaker late Monday, undermined by the dollar's strength against the yen, dealers said.Concerns were increased the prospect of widening interest rate differentials between Asian currencies...

EVA Air says traffic loads back to precrisis level

EVA Air says traffic loads back to precrisis level JAKARTA (JP): The number of passengers flying between Taipei and three Indonesian cities on EVA Air has returned to its precrisis level, the Taiwan-based airline said on Monday.

S'pore's C&C profit seen hit by Astra

S'pore's C&C profit seen hit by Astra SINGAPORE (Reuters): Singapore motor distributor Cycle & Carriage's interim profit is likely to be dragged down by its 30 percent stake in Indonesia's loss-making Astra International, analysts said on Monday."We expect the numbers to be poor in the first half.

Wild boar meat sold as beef

Wild boar meat sold as beef JAKARTA (JP): The Jakarta administration warned shoppers on Monday not to buy inexpensive wild boar meat which may be sold in markets as beef.The meat, believed to have been smuggled in from Sumatra and to have bypassed inspection authorities, has been passed off as beef...

Eight cops discharged

Eight cops discharged BANDUNG: West Java Police chief Insp. Gen. Adang Daradjatun dishonorably discharged eight noncommissioned officers on Monday for theft, drug abuse and desertion."This is our way to achieve police professionalism.

Malaysia palm oil closes lower on data, Project A

Malaysia palm oil closes lower on data, Project A KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower on Monday, pressured by bearish export figures and sharp falls in Chicago Board of Trade (CBOT) soybean futures in Project A screen trading.

Team to discuss request for MPR special session

Team to discuss request for MPR special session JAKARTA (JP): The plenary session of the People's Consultative Assembly's working committee was postponed on Monday after a group of legislators presented two letters, one of them demanding that the Assembly provide the possibility of turning the...

City to have three new fish auction centers

City to have three new fish auction centers JAKARTA (JP): Jakarta will soon have three new fish auction centers, besides the one in Muara Angke, North Jakarta, as part of the administration's double-edged campaign to promote the fishing industry and the consumption of fish.

Rates for tax payment, valid from July 31 to August 6

Rates for tax payment, valid from July 31 to August 6 U.S. dollar 1 Rp 8,850.00Austrian schilling 1 599.22Australian dollar 1 5,178.14Belgian franc 1 204.41Canadian dollar 1 6,013.05Swiss franc 1 5,317.23Deutschemark 1 4,217.70Danish krone 1 1,108.52French franc 1 1,257.02Poundsterling 1 13,367.

RI IT ace gets green card

RI IT ace gets green card NUREMBERG, Germany (AFP): Indonesian computer specialist Harianto Wijaya became the first person Monday to receive a special permit allowing non-European Union nationals to work in Germany because of their sought-after information technology (IT) skills.

Mandiri merges subsidiaries

Mandiri merges subsidiaries JAKARTA (JP): State Bank Mandiri signed here on Monday a legal document for the merger of its three securities companies into a single business entity.The bank said PT Bumi Daya Securities, formerly operated by Bank Bumi Daya, and PT Exim Securities, formerly owned by...

Letters on record

Letters on record I feel encouraged to learn from the "Letters" column of July 31 that Mr. Sukardi has been included in the Museum of Records as the most productive letter writer in The Jakarta Post's "Your Letters" column, and encouraged not to break Mr.

Anton and Ismu to show up at Indocement Cup tournament

Anton and Ismu to show up at Indocement Cup tournament JAKARTA (JP): Men's table tennis players Anton Suseno of NHI club and Ismu Harinto of Gani Artha club will compete at the fourth Indocement Cup table tennis open tournament from Aug. 3 to Aug. 6.

Megawati last to confirm for Yogya summit

Megawati last to confirm for Yogya summit JAKARTA (JP): Vice President Megawati Soekarnoputri agreed on Monday to attend a meeting with three other national leaders in Yogyakarta on Tuesday after some intensive lobbying by President Abdurrahman Wahid and Sultan Hamengkubuwono X, the ruler of the...

No civilian militias allowed at MPR building

No civilian militias allowed at MPR building JAKARTA (JP): Jakarta Police Chief Insp. Gen. Nurfaizi called on all civilian militias on Monday to stay away from the Senayan legislative building complex during the upcoming Annual Session of the People's Consultative Assembly (MPR) next week.

Akbar furious over Golkar flag burners

Akbar furious over Golkar flag burners SEMARANG (JP): Chairman of Golkar Party Akbar Tandjung has urged the police to be tough on people who burned the party's flags during protests last week."We respect the law and we want the law to be enforced," Akbar, who is also the House of Representatives'...

Pros and cons over non Jakarta-based taxis

Pros and cons over non Jakarta-based taxis JAKARTA (JP): The decision adopted recently by the Land Transportation Agency (DLLAJ) for its Jakarta chapter to prohibit non Jakarta-based taxis has received strong objections from owners of Jakarta-based taxis.

Maid found dead in E. Jakarta

Maid found dead in E. Jakarta JAKARTA (JP): Duren Sawit Police detectives are still searching for robbers believed to have broken into a house in the Cipinang Indah residential complex, East Jakarta."The thieves killed the young maid and escaped with 500 grams of jewelry on Sunday night," said...

The new letter of intent between IMF and Indonesia

The new letter of intent between IMF and Indonesia The following is the complete text of the new Letter of Intent signed by the Indonesian government and the International Monetary Fund on Monday. The text and tables may be found on http://www.thejakartapost.com.I. INTRODUCTION 1.

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.: La vie est un long fleuve tranquille, August 1. Le bonheur est dans le pre, August 8. E.T. I'Extraterrestre, August 11. Indiana Jones et le Temple Maudit, August 15.

Percasi to stage Olympics selection

Percasi to stage Olympics selection JAKARTA (JP): The Indonesian Chess Association (Percasi) will hold a selection tournament which will determine the men's and women's teams that will compete in the Chess Olympics in Istanbul from Oct. 28 to Nov. 14.

Fuel siphoners earn a living by running after dregs

Fuel siphoners earn a living by running after dregsBy A'an Suryana JAKARTA (JP): Motorists in and around the capital are probably familiar with the sight of teenage boys and young men chasing after passing fuel trucks, opening the valves on the backs of the vehicles, collecting drops of fuel in...

Indonesian manufacturers: Adjust or perish

Indonesian manufacturers: Adjust or perishBy Lion A. Kraaybeek JAKARTA (JP): The dawn of globalization has brought new challenges to manufacturing companies all over the world. Old concepts are being replaced by new ones, competition is becoming more fierce and everyone is forced to adjust.

Bigotry rears its ugly head in multi-racial Malaysia

Bigotry rears its ugly head in multi-racial Malaysia KUALA LUMPUR: Veteran politician Lim Keng Yaik wears the look of a troubled man.As the Primary Industries Minister, he has been through the wars before -- seen rubber prices plummet to a 30-year low and battled a robust campaign by soya-bean...

Djoko S. Tjandra faces jail term of 18 months

Djoko S. Tjandra faces jail term of 18 months JAKARTA (JP): A prosecutor demanded on Monday a jail term of one year and six months for Djoko S. Tjandra, the primary defendant in the Rp 546 billion (US$61.3 million) Bank Bali scandal.

Indonesia okays plan to close East Timor refugee camps

Indonesia okays plan to close East Timor refugee camps JAKARTA (JP): President Abdurrahman Wahid has approved a plan to close shelters for East Timorese refugees in East Nusa Tenggara amid growing allegations that anti-independence activists were using the camps as a base to sneak into the former...

OPIC claim needs DPR approval: Government

OPIC claim needs DPR approval: Government JAKARTA (JP): The government needs approval from the House of Representatives to settle an outstanding US$290 million claim made by the U.S. government's Overseas Private Investment Corp. (OPIC), Minister of Finance Bambang Sudibyo said on Sunday.

Soeharto fit for trial: Marzuki

Soeharto fit for trial: Marzuki JAKARTA (JP): Former president Soeharto is fit to face trial over charges of corruption, Attorney General Marzuki Darusman said on Monday."A comprehensive medical examination on Pak Harto one month ago has again proved that he is fit to undergo questioning," Marzuki...

Regent Hotel program

Regent Hotel program I'm writing about the recent campaign held by Regent Hotel Jakarta. The campaign is promoting the Platinum Plus Program wherein a new member is entitled to a (1) complimentary stay; (2) vouchers worth 75 percent off the room rate; a 750 milliliter bottle of wine or liquor to be...

Destruction of Tanjung Puting continues

Destruction of Tanjung Puting continues JAKARTA (JP): The destruction of Tanjung Puting National Park in Central Kalimantan shows no sign of stopping, leaving its few remaining orangutans -- Asia's only great ape -- on a desperate plight, environmentalists have warned.

One killed, nine injured in crash

One killed, nine injured in crash TANGERANG (JP): A man was killed and nine others severely injured when a public minibus plying between Cimone and Balaraja collided head-on with a water tanker at around 5 a.m. on Monday in Cikupa district, police said.

Agus W.K. removed from Kostrad

Agus W.K. removed from Kostrad JAKARTA (JP): Lt. Gen. Agus Wirahadikusumah, a controversial Army figure, was replaced as the chief of the Army Strategic Reserves Command (Kostrad) on Monday after only four months on the job.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on July 31, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,503.00 9,503.00 8,958.00 9,048.00Australian dollar 1 4,945.34 5,531.70 5,209.97 5,266.84Austrian schilling 1 570.60 638.05 601.14 607.

Jakarta workers get 20% wage hike

Jakarta workers get 20% wage hike JAKARTA (JP): The Ministry of Manpower has granted workers in Jakarta a 20 percent mid-term minimum wage (UMR) rise effective from next month, an official said on Monday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 31, 2000: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 635 -40 5,000 Adindo Foresta Indonesia 305 -5 165,500 Alakasa Industrindo 900 0 0 Alfa Retailindo 895...

MPR factions still undecided over regional representatives

MPR factions still undecided over regional representatives JAKARTA (JP): Party factions in the People's Consultative Assembly (MPR) remain undecided about a plan by 164 regional representatives to form their own faction at the upcoming MPR Annual Session.

Indonesia supports EC proposal to hold new WTO round this year

Indonesia supports EC proposal to hold new WTO round this year JAKARTA (JP): Indonesia has thrown its support behind the European Commission's proposal to relaunch a new round of talks for global trade liberalization in the World Trade Organization framework this year, Minister of Industry and...

Jihad group raids discotheque

Jihad group raids discotheque PURWOKERTO, Central Java: Around 150 people claiming to represent the Toriqotul Jihad Front (FTJ) Muslim group raided a discotheque on Sunday, seizing 52 bottles of alcohol and bringing them to the police.

School enrollment fees

School enrollment feesFrom Suara KaryaWhile the issue of enrollment fees was explained when enrollment began, we've read in the newspapers lately of state- owned schools collecting enrollment fees amounting to Rp 1 million and above for state Senior High Schools.

East Timor issue

East Timor issue Indonesia's credibility over the East Timor issue has once again been brought into question by the failure of the court in Kupang to handle the notorious Eurico Gutteres seriously. Within hours of the UN Security Council's call for Jakarta to take firm action against the...

Shrinking habitat and greedy men endanger rare birds

Shrinking habitat and greedy men endanger rare birdsBy Kafil Yamin BANDUNG (JP): A good soldier knows what he is supposed to give as a present to his commander when he returns from duty in the jungle. Not fresh fruit or live fish, but a rare species of monkey, bird or deer.

Locals shine in President's Cup quarters

Locals shine in President's Cup quarters SANUR, Bali (JP): Indonesian welterweight Bara Gomies survived a hard fight in the quarterfinals of the 19th President's Cup international amateur boxing tournament on Monday, narrowly beating Chinese Lu Zong Wei 8-7.

Agus, Ryamizard deny political motives behind reshuffle

Agus, Ryamizard deny political motives behind reshuffle JAKARTA (JP): Outgoing Army Strategic Reserves (Kostrad) commander Lt. Gen. Agus Wirahadikusumah and his successor Maj. Gen. Ryamizard Ryacudu have brushed aside political motives behind their reshuffle.

Bulog to become state company next year: Ramli

Bulog to become state company next year: Ramli JAKARTA (JP): The government will change the status of the National Logistics Agency (Bulog) to a state firm by June next year in a move to improve the agency's performance, Bulog chief Rizal Ramli said on Monday.

Indonesia signs new LoI to receive $400m aid from IMF

Indonesia signs new LoI to receive $400m aid from IMF JAKARTA (JP): The government signed a new letter of intent (LoI) with the International Monetary Fund (IMF) on Monday, paving the way for the next disbursement of IMF funds.

Pedicab drivers win lawsuit against Jakarta governor

Pedicab drivers win lawsuit against Jakarta governor JAKARTA (JP): Over 1,000 people crammed into the Central Jakarta District Courthouse and joyfully screamed after the judges ruled in favor of becak (pedicab) drivers, declaring unlawful the Jakarta governor's ban on pedicabs in the capital.

Gold medalists to get Rp 1b awards

Gold medalists to get Rp 1b awards JAKARTA (JP): Companies are catching Olympic fever, pledging money to sponsor the Indonesian contingent at the quadrennial event.With seven weeks to the Olympics, the National Sports Council (KONI) managed to entice PT Bintang Toedjoe, the producer of the isotonic...

Salim Group debt 'won't be annuled'

Salim Group debt 'won't be annuled' JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie said on Monday the government would not cancel a debt settlement agreement signed between the Indonesian Bank Restructuring Agency (IBRA) and the Salim Group.

Honesty and responsibility

Honesty and responsibility We would like to thank Vredy Hopkins of the American Women's Association (AWA) for reporting her story about the Blue Bird taxi driver. It is indeed unusual to entrust a taxi driver with US$100 to change at the money changer.

Anwar supporters defect to UMNO

Anwar supporters defect to UMNO KUALA LUMPUR (AP): About 50 members of jailed politician Anwar Ibrahim's opposition party from his hometown in northern Malaysia defected to Prime Minister Mahathir Mohamad's ruling group on Monday, a news report said.