Indonesian Political, Business & Finance News

Archive: 10 August 2000

60 articles found

Detention status of Soeharto changed to city arrest

Detention status of Soeharto changed to city arrest JAKARTA (JP): In an apparent move to smooth the way for the prosecution of former president Soeharto, the South Jakarta District Court changed the defendant's detention status on Tuesday from house arrest to city arrest.M.

SAP to build Indofood e-system

SAP to build Indofood e-system JAKARTA (JP): Food giant PT Indofood will set up an e-business system within 18 months using PT SAP Asia's supply chain management module, SAP said on Wednesday.SAP Indonesia Managing Director Krish Datta said the module would help Indofood optimize business processes...

Students protest fee hike

Students protest fee hike BOGOR (JP): Some 600 students of Manunggal Vocational High School on Jl. Raya Jakarta-Bogor in Cibinong walked out of class on Wednesday to protest a school fee hike.The students urged school management to fulfill its promise to provide sport facilities and lower the...

BI warns speculators of deportation

BI warns speculators of deportation JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution warned on Wednesday that foreign currency traders and bankers violating prudential banking rules would be expelled from the country.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 9, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 680 25 2,000 Adindo Foresta Indonesia 300 -5 138,000 Alakasa Industrindo 700 -200 8,000 Alfa Retailindo...

Garment industry major pollutant in Bali

Garment industry major pollutant in Bali DENPASAR, Bali (ANTARA): The lucrative garment and handicraft industries, as well as other small-scale enterprises, have made Bali prosperous, but they have also created a serious environmental problem for this tourist destination.

Recovering E. Asia lacks quality growth, says WB

Recovering E. Asia lacks quality growth, says WB BANGKOK (AFP): Although developing countries in East Asia are recovering from the regional economic crisis, many states are not delivering "quality growth" to their citizens, a leading World Bank official said here on Wednesday.

Message loud and clear, President tells MPR

Message loud and clear, President tells MPR JAKARTA (JP): After accepting criticism and complaints from political factions in the People's Consultative Assembly (MPR), President Abdurrahman Wahid called on Wednesday night for their cooperation in resolving the country's many problems.

KL may increase petrol price for first time in two decades

KL may increase petrol price for first time in two decades KUALA LUMPUR (Reuters): Malaysia said on Wednesday that petrol prices were likely to be raised for the first time in nearly two decades, spurring concerns of higher inflation.

ASEAN's future is at stake

ASEAN's future is at stakeBy Jusuf Wanandi JAKARTA (JP): At the same time that the Association of Southeast Asian Nations (ASEAN) foreign ministers met at the end of last month in Bangkok, 10 experts from the original five members had a two-day meeting to discuss its long term future.

Vietnam investment drops 44%

Vietnam investment drops 44% HANOI (Reuters): Foreign investment approvals in Vietnam fell 44 percent year-on-year in the first seven months of this year to US$440.5 million, official media said on Wednesday.

More Merpati flights to Ambon

More Merpati flights to Ambon JAKARTA (JP): State-owned PT Merpati Nusantara Airlines is increasing its flights to strife-torn Ambon to four flights a week from three at the moment after the town's port was closed to passenger ships on Thursday (today), Antara reported on Wednesday.

Irian Jaya to get 9b euro aid

Irian Jaya to get 9b euro aid JAYAPURA, Irian Jaya: Some countries grouped in the European Economic Union have expressed their willingness to provide a total of 9 billion euros to boost the development of the easternmost province of Irian Jaya.The head of Development Program Bureau, Terry J.

Won gets boost from Hyundai plans

Won gets boost from Hyundai plans HONG KONG (Dow Jones): Signs the Hyundai Group may soon release its restructuring plans boosted the Korean won Wednesday.The U.S. dollar was trading mostly lower against major Southeast Asian currencies on hopes for a soft landing in the U.S.

What does constructive engagement add up to?

What does constructive engagement add up to?By David Jardine JAKARTA (JP): What is noninterference in your neighbor's affairs? Is it always a value-free stance? These questions bear critically on the continued pursuit of the Association of Southeast Asian Nations' (ASEAN) policy of "constructive...

The word is out, Bali is back as world class tourist mecca

The word is out, Bali is back as world class tourist meccaBy Rob Goodfellow WOLLONGONG, Australia (JP): After three years of uncertainty following the Asian economic meltdown, the Indonesian general election and the East Timor crisis, Bali is back in vogue as a world class tourist destination.

Fund raising

Fund raising It has been brought to my attention that a lot of Indonesian university students are now standing proudly in the middle of the main streets asking all passing vehicles to contribute for the benefit of Ambon, Aceh, Bengkulu and other areas in Indonesia who are suffering at the moment.

MPR still undecided over constitutional team

MPR still undecided over constitutional team JAKARTA (JP): Factions at the People's Consultative Assembly (MPR) are taking a wait-and-see stand as to whether an independent commission is needed to help it amend the 1945 Constitution.

Gus Dur revives hopes for reform and recovery

Gus Dur revives hopes for reform and recovery We can hope for a better cabinet if the President reduces his role in domestic affairs, writes Wimar Witoelar, chief editor of Indonesian Business and a public affairs commentator.

Police boss visits officers

Police boss visits officers JAKARTA (JP): Unlike the previous days, the hundreds of police officers posted in the People's Consultative Assembly compound were smiling on Wednesday and there was a notable easing of tension, thanks to the visit, albeit brief, of their commander Insp. Gen. Nurfaizi.

Aceh NGOs urge government to locate IFA chief

Aceh NGOs urge government to locate IFA chief BANDA ACEH, Aceh (JP): Nine local prominent nongovernmental organizations (NGOs) called on the government on Wednesday to do its utmost to locate Jafar Siddiq Hamzah, the chief of the New York-based International Forum on Aceh (IFA) who is missing...

PBSI to set up fact-finding team on 'match fixing'

PBSI to set up fact-finding team on 'match fixing' JAKARTA (JP): The Badminton Association of Indonesia (PBSI) will set up a fact-finding team to investigate allegations of match fixing during the US$150,000 Sanyo Indonesia Open at the Senayan Tennis Indoor Stadium in July.

Jakarta auto expo to show latest products

Jakarta auto expo to show latest products JAKARTA (JP): About 100 leading automotive manufacturers and other car-related firms are displaying their latest products at an automotive exhibition in Jakarta next month, its organizers said on Wednesday.

President's progress report

President's progress report It is interesting to observe the opinions that members of the People's Consultative Assembly (MPR) have expressed about the President's progress report on Aug. 7, 2000, which was read by the cabinet secretary, particularly because to some MPR members this report is...

KL firm scraps RI oil plan

KL firm scraps RI oil plan KUALA LUMPUR (Dow Jones): Malaysia's Tenggara Capital Bhd. said Wednesday its unit won't proceed with plans to explore and develop an oil and gas field in Indonesia.In a statement to the Kuala Lumpur Stock Exchange, Tenggara said, based on findings by two independent...

Desy testifies at court

Desy testifies at court JAKARTA (JP): Famous actress Desy Ratnasari appeared on Wednesday at South Jakarta District Court as a witness in a drug case allegedly involving her friend Himandaka Wimala.Defendant Himandaka was arrested by police detectives along with Desy and three other friends on May...

Peeping toms legal in RP

Peeping toms legal in RP MANILA (AFP): Philippine lawmakers on Wednesday started working on a bill outlawing voyeurism after discovering the country had no law against peeping toms."There is no criminal liability on voyeurs so we have to draft legislation related to this," Robert Barbers, head of...

Palm oil ends lower, awaits export data

Palm oil ends lower, awaits export data KUALA LUMPUR (Reuters): Malaysian palm oil futures retreated from early gains to close lower due to a lack of follow-through support or fresh leads.Trading remained thin as players awaited the release of export data for the first 10 days of August on Thursday.

Balinese architectural legacy under threat

Balinese architectural legacy under threatBy I Wayan Juniarta DENPASAR, Bali (JP): The Taman Ujung water garden was once a favorite resting place for the Karangasem royal family in East Bali.Located eight kilometers south of Amlapura, Taman Ujung is now in a dilapidated condition.

Jailed Anwar still a force in politics

Jailed Anwar still a force in politics KUALA LUMPUR (Reuters): Former Finance Minister Anwar Ibrahim, sentenced to nine years in jail on Tuesday for sodomy, remains a force in Malaysian politics from behind bars.

MPR session unheeded in Padang

MPR session unheeded in Padang JAKARTA (JP): The acrimonious debate in the People's Consultative Assembly (MPR) has made the headlines since the Annual Session began on Monday, but unlike most citizens nationwide, people in Padang mayoralty appear to have turned a deaf ear to the event.

Ruben gets jump on Danny in chess final

Ruben gets jump on Danny in chess final JAKARTA (JP): Grand Master (GM) Ruben Gunawan beat International Master (IM) Danny Juswanto in the 54th move using the Nimzo Hindia defense in the first match of the finals of the 34th Chess Olympic Games national selection tournament here on Wednesday.

Laborers, farmers to meet ministers

Laborers, farmers to meet ministers JAKARTA (JP): Nearly 2,550 labors and farmers from the greater Jakarta area and other places in Java will hold a three-day dialog with Cabinet ministers at the Proklamasi Monument in Central Jakarta starting on Friday, one of the organizers said on Wednesday.

Osama supporting hostage-takers: RP defense chief

Osama supporting hostage-takers: RP defense chief JOLO, Philippines (Agencies): Philippine Defense Secretary Orlando Mercado accused alleged international terrorist Osama bin Laden on Wednesday of bankrolling Filipino Muslim extremists holding more than a dozen hostages.

PT Matahari reports strong growth during first half

PT Matahari reports strong growth during first half JAKARTA (JP): Publicly listed retail company PT Matahari Putra Prima announced solid growth in sales during the second semester of this year due to the sharp increase in sales from its supermarket operation.

Democracy and 'Javanization'

Democracy and 'Javanization' Most observers were caught by surprise upon learning that Abdurrahman Wahid (Gus Dur) was elected chairman of the Syuro (Legislative) Council of the National Awakening Party (PKB) and Matori Abdul Jalil was elected to the party's Tanfidzi (executive) board.

Where to go in Bali:

Where to go in Bali:Exhibitions * Painting Exhibition by 27 painters at Pranoto's Art Gallery on Ubud Main Road (Phone: 0812 3946595), until Aug. 31. * Painting Exhibition: Kebiar Seni VI Bibit, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), 8 a.m. to 4 p.m., until October 2.

Stop violence!

Stop violence!From Suara KaryaAs an Indonesian working woman riding the city bus on the main streets of the city of Jakarta, I'd like to express my concern about the recent bomb blast at the residence of the Philippines Ambassador to Indonesia, which left two dead and dozens seriously injured.

City administration fails to fight spread of leprosy

City administration fails to fight spread of leprosy JAKARTA (JP): While claiming to have continuously provided free medication for lepers, the city administration remains unable to curb the number of people infected with leprosy.

Sulawesi governors to meet over Poso clashes

Sulawesi governors to meet over Poso clashes MAKASSAR, South Sulawesi (JP): Governors, local figures and religious leaders from Sulawesi's four provinces are to meet on Saturday in an effort to settle the prolonged sectarian violence in Poso, Central Sulawesi.

Backroom politicking saves Gus Dur's job

Backroom politicking saves Gus Dur's job JAKARTA (JP): President Abdurrahman Wahid's decision to delegate the daily execution of government to Vice President Megawati Soekarnoputri may have been as much about his own political survival as it was improving the performance of his administration.

PDI-P, Golkar reject inclusion of Jakarta Charter in Constitution

PDI-P, Golkar reject inclusion of Jakarta Charter in Constitution JAKARTA (JP): An attempt to include syariah Islam (Islamic law) in the 1945 Constitution looks certain to stall after two major factions in the People's Consultative Assembly -- the Indonesian Democratic Party of Struggle (PDI...

Enjoying the night with Indonesian-German poems

Enjoying the night with Indonesian-German poemsBy Wawan S. Husin BANDUNG (JP): The night was dark yet the stars were still peeping from behind the trees as about one hundred and fifty listeners, mostly artists and students of the German language, packed the French Cultural Center's auditorium in...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 9, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,075.00 9,075.00 8,532.00 8,618.00Australian dollar 1 4,718.22 5,307.06 4,985.25 5,039.81Austrian schilling 1 528.56 594.35 558.47 564.

Street vendors invited to sell legal products

Street vendors invited to sell legal products JAKARTA (JP): Songwriters, disappointed by the authorities' lack of law enforcement in curbing the piracy of music recordings on tapes, audio compact discs (CD) and video compact discs (VCD), have decided to invite street vendors to trade in the...

President's reply drawn up in hotel

President's reply drawn up in hotel JAKARTA (JP): The affairs of state were moved on Wednesday from Medan Merdeka to a presidential suite on the 12th floor of a five-star hotel in Senayan, Central Jakarta, where President Abdurrahman Wahid spent the whole day.

House yet to give support to plan to revise MSAA

House yet to give support to plan to revise MSAA JAKARTA (JP): The House of Representatives would only support the government's plan to revise an earlier agreement with former bank owners after a thorough study has been completed, according to House Speaker Akbar Tandjung.

Sinivasan ready to release large stake in Texmaco

Sinivasan ready to release large stake in Texmaco JAKARTA (JP): The majority shareholder of the giant Texmaco Group, Marimutu Sinivasan, said on Wednesday that he was ready to release his controlling stake in four of its publicly listed subsidiaries to help restructure their total debts of US$2.

27 arrested for torching houses

27 arrested for torching houses DENPASAR, Bali: Police have arrested a total of 27 people suspected of burning residents' houses and a structure for Ngaben (cremation ceremony) in three villages.Bali Police Spokesman Supt.

Faulting the economic record

Faulting the economic record Most analysts and factions at the People's Consultative Assembly (MPR) criticized President Abdurrahman Wahid for his unsatisfactory record in the economic field and complained that his progress report on Monday was completely devoid of any strategic goals, let alone a...

Anger mounts over Anwar's conviction in Malaysia

Anger mounts over Anwar's conviction in Malaysia KUALA LUMPUR (Reuters): Malaysia was hit by a wave of criticism on Wednesday over the conviction of former finance minister Anwar Ibrahim for sodomy, with the United States saying it was outraged by his nine-year jail sentence.

Five killed in Bali landslide

Five killed in Bali landslide DENPASAR, Bali: Five people, including two women, were killed when a landslide hit the remote village of Muncan, Karangasem regency, some 80 kilometers east of here, on Tuesday.

Megawati set to take charge

Megawati set to take charge JAKARTA (JP): President Abdurrahman Wahid, who has been widely criticized in recent days for the management of his government, agreed on Wednesday night to hand over the day-to-day running of his administration to Vice President Megawati Soekarnoputri.

Government to review ban on foreign dot-com investors

Government to review ban on foreign dot-com investors JAKARTA (JP): The government will review the controversial ruling banning the entry of foreign investors into the Internet sector.Riza Primadi, the senior assistant on communications and media to the state minister of investment and state...

Angolan sentenced to death for smuggling 1.1kg of heroin

Angolan sentenced to death for smuggling 1.1kg of heroin TANGERANG (JP): Tangerang District Court sentenced on Wednesday an Angola national to death for trafficking drugs earlier in January.Twenty-eight-year-old Thomas Daniel went on trial for smuggling 1.

Dealing with debtors

Dealing with debtorsFrom Bisnis IndonesiaOn Aug. 3, 2000 there was a report in a newspaper that Has S.D., the former manager of Bank P. has declined to sign an indebtedness note as he felt unfairly treated.

Artistic eloquence by three aquarellists

Artistic eloquence by three aquarellistsBy Pavan Kapoor JAKARTA (JP): The scope of the fluid and fascinating medium of watercolor are displayed at the hands of three senior aquarellists, Benny Setiawan, Sandy Leonardo and Lie Tjoen Tjay.

TNI's presence in MPR not good for democracy: Analysts

TNI's presence in MPR not good for democracy: Analysts JAKARTA (JP): Analysts are questioning the possible "compromise" that would amend the 1945 Constitution and enshrine the Indonesian Military/National Police presence in the People's Consultative Assembly (MPR).

Pope condemns violence in Russia, Spain, Maluku

Pope condemns violence in Russia, Spain, Maluku VATICAN CITY (Reuters): Pope John Paul on Wednesday condemned bombings in Russia and Spain and made a renewed appeal for an end to fighting between Christians and Muslims on the Indonesian Maluku islands.

Dozens of houses burned in clash

Dozens of houses burned in clash PADANG, West Sumatra: Dozens of residents' houses in the village of Mulyo Kersik Tuo, in the Kayu Aro tea plantation in Kerinci regency, 400 kilometers from here, were burned down following a two-day clash between the residents which erupted on Monday.