Indonesian Political, Business & Finance News

Archive: 15 August 2000

55 articles found

Poso back to normal after signing of peace accord

Poso back to normal after signing of peace accord POSO, Central Sulawesi (JP): The town of Poso returned to normal on Monday following the signing of a peace accord by Sulawesi governors the day before and the deployment of Cinta Damai (Love of Peace) special troops from the Wirabuana Regional Military Command since June. Vendors and shop owners looked busy serving customers, while government employees were back in their offices.

Three foreigners apply to Persijap

Three foreigners apply to Persijap SEMARANG (JP): Three foreign soccer players from Cameroon, Brazil and Liberia have requested to join the Persijap Jepara club, an official said here on Monday. The three players are Simon Atangana (Cameroon), Arliston de Olivera (Brazil) and Jonah Ballah (Liberia). Beni Hartono, the club's coach, said on Monday that they are considering whether to accept the three players on the team. "I have received the names of the players and the amount of their contracts.

Tunas posts higher profit

Tunas posts higher profit JAKARTA (JP): Publicly listed automotive company PT Tunas Ridean announced on Monday net profits of Rp 45 billion (US$5.6 million) for the first half of this year. Company corporate secretary Miranti Andiyana said the figure reflected an increase of 342 percent from the Rp 10 billion it booked over the same period last year.

RI sets time frame for refugee camp closure

RI sets time frame for refugee camp closure JAKARTA (JP): Minister of Foreign Affairs Alwi Shihab said on Monday that East Timorese refugee camps in West Timor would be closed within three to six months. However, he called on the international community to help resettle the some 100,000 people who have been living in the camps since last year.

Voices against proposal on 'syariah' law heard

Voices against proposal on 'syariah' law heard YOGYAKARTA (JP): Voices disagreeing with the proposal to include Islamic syariah law in the 1945 Constitution were heard throughout the country on Monday. Many people warned of the danger of social segregation if it was passed.

Sjahril files lawsuit

Sjahril files lawsuit JAKARTA (JP): Suspended Bank Indonesia governor Sjahril Sabirin has filed a pretrial lawsuit against the Attorney General's Office over his arrest status, a South Jakarta District Court official said on Monday. M. Yusuf, a clerk at the court, said the court's officials were studying the plea. Sjahril's lawyers said the arrest of their client, who is detained at the Attorney General's Office, was aimed at intimidating Sjahril rather than facilitating a smooth investigation.

City to lease houses to expats

City to lease houses to expats JAKARTA (JP): City-owned property developer, PT Sarana Wisesa Properindo, will lease 12 houses, located on Jl. Pejaten Raya in South Jakarta, to expatriates, company president Dede Chatab said in a statement, copies of which were made available to The Jakarta Post on Monday. The launching ceremony will be held on Tuesday, Aug. 22.

Tension high in Ambon ahead of Aug. 17 celebrations

Tension high in Ambon ahead of Aug. 17 celebrations AMBON, Maluku (JP): Tension gripped Ambon on Monday ahead of the Aug. 17 Independence Day celebrations as rumors of renewed massive attacks continued to spread fear among the city's residents.

Most Asian currencies rise late, rupiah at 3-month high

Most Asian currencies rise late, rupiah at 3-month high SINGAPORE (Dow Jones): Increasing signs that the Indonesian government will successfully weather its latest political storm helped push the rupiah to a three-month high Monday, and provided a lift to other Asian currencies. President Abdurrahman Wahid last week took a major step toward diffusing political tensions by offering an apology for his performance to lawmakers who had called for his impeachment.

MPR wants Megawati's tasks to be detailed

MPR wants Megawati's tasks to be detailed JAKARTA (JP): Subcommission C of the People's Consultative Assembly (MPR) has agreed to prepare only one draft decree that instructs the President to issue a detailed presidential decree on the Vice President's new tasks. The decree will incorporate the Assembly's recommendations to state institutions, including the government.

House approval for BCA, Niaga divestment needed

House approval for BCA, Niaga divestment needed JAKARTA (JP): The government is seeking approval from the House of Representatives (DPR) to divest ownership of publicly listed Bank Central Asia (BCA) and Bank Niaga this year. Secretary of the Financial Sector Policy Committee (FSPC) Syafruddin Tumenggung said here on Monday that the Finance Ministry and Indonesian Bank Restructuring Agency (IBRA) would meet with House members later this month to obtain approval for the divestment plans.

RI tourist office in China

RI tourist office in China JAKARTA (JP): The government is canceling a plan to reopen its Indonesian tourist office in Los Angeles and instead prioritizing opening one in Beijing, Minister of Art and Tourism Hidayat Djaelani said on Monday. He was quoted by Antara as saying that Beijing was chosen because of its great market potential. At least seven million people in China travel overseas every year, he said. "At the moment, not even one percent of those Chinese tourists visit Indonesia.

JSX suspends three Texmaco subsidiaries

JSX suspends three Texmaco subsidiaries JAKARTA (JP): The Jakarta Stock Exchange (JSX) temporally suspended on Monday the trading of PT Polysindo Eka Perkasa, PT Texmaco Perkasa Engineering and Texmaco Jaya, three of four publicly listed subsidiaries of the giant Texmaco Group. The suspension followed the three companies' failure to submit their first quarterly monthly financial reports to the exchange on schedule, a JSX media statement said.

Shareholders' meeting to decide KPC's future

Shareholders' meeting to decide KPC's future JAKARTA (JP): The shareholders of coal mining company PT Kaltim Prima Coal in East Kalimantan will meet here to decide on the company's future, following failed efforts to end a dispute with striking workers.

Antidumping body still has much to do

Antidumping body still has much to do By Erry Bundjamin JAKARTA (JP): The issue of dumping goods has received a great deal of attention in Indonesia recently. As such, it is necessary, in order to avoid confusion, to familiarize people with the minimum essential procedural and technical requirements the Indonesian Anti-Dumping Committee (KADI) must comply with in investigating the dumping of imports.

Jacob Tobing mindful of duty but not overawed

Jacob Tobing mindful of duty but not overawed JAKARTA (JP): How does it feel to be in charge of a commission assigned to alter the nation's Constitution? "Anxious," was Commission A chairman Jacob Tobing's answer. In the last two sessions of the People's Consultative Assembly, in October and the current annual session, the Indonesian Democratic Party of Struggle (PDI Perjuangan) legislator has been a man to watch.

Witness in Soeharto case dies

Witness in Soeharto case dies JAKARTA (JP): A witness in former president Soeharto's alleged graft trial, Dharmais foundation treasurer Brig. Gen. (ret) Hedijanto, died from a brain hemorrhage on Monday morning after undergoing surgery the previous evening. He was 73. Hedijanto is survived by his wife, Nuk Setiowati, and five children. He was sworn in on July 14 at the Attorney General's Office along with 12 other witnesses. Separately, South Jakarta Police chief Sr. Spt.

BI official expects SBI rate to fall this week

BI official expects SBI rate to fall this week JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution expects the benchmark interest rate on Bank Indonesia one-month SBI promissory notes to decrease at the weekly auction on Wednesday. Anwar said the condition was ripe for the interest rate to drop. "There have been signs for the (SBI) interest rate to drop," Anwar announced following a meeting with senior economic ministers.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 14, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 690 0 0 Adindo Foresta Indonesia 305 -5 787,500 Alakasa Industrindo 700 0 0 Alfa Retailindo 900 -5 75,000 Alter Abadi 280 0 283,500 Alumindo Light Metal 1,250 0 0 Aneka Kimia Raya 360 0 7,000 Aneka Tambang (Persero) 1,210 -5 931,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Writing TNI in the Constitution

Writing TNI in the Constitution After so many attacks on the political role played by the Indonesian Military (TNI), I was surprised to read in The Jakarta Post of Aug. 9, 2000 an article titled TNI set to write itself into the Constitution. It is reported that the People's Consultative Assembly (MPR) is almost certain to write the political role of the TNI into the 1945 Constitution under a compromise among the country's major political parties.

OPEC capacity limits start to bite: 'MEES'

OPEC capacity limits start to bite: 'MEES' NICOSIA (Reuters): OPEC oil production edged up by 100,000 barrels per day (bpd) to 28.10 million bpd in July, with output capacity constraints starting to limit flows from the cartel, the Middle East Economic Survey (MEES) said on Monday. The industry newsletter said output from the 10 members of the Organization of the Petroleum Exporting Countries taking part in production restraint excluding Iraq climbed by 200,000 bpd to 25.66 million bpd.

PDI vs PDI-P in Bali

PDI vs PDI-P in Bali DENPASAR, Bali: Hundreds of disgruntled supporters of the Indonesian Democratic Party of Struggle (PDI Perjuangan) stormed the party's office in Jembrana, some 90 kilometers west of Denpasar, on Monday. The violence took place after their candidate, I Ketut Sandiyasa, loss the regent's post to an unexpected figure, Gede Winasa, in an election in the morning. Sandiyasa got 11 votes, while Winasa garnered 19.

MPR changes definitions of territorial borders

MPR changes definitions of territorial borders JAKARTA (JP): Upon hearing expert advice, members of the People Consultative Assembly's (MPR) Commission A made a last- minute change to a constitutional amendment, which initially defined Indonesia's territorial borders using map coordinates. During the last day of hearings, the commission charged with drafting constitutional amendments decided to scrap their initial definitions proposed in an article on state territory.

Students reject other races

Students reject other races KUALA LUMPUR (AFP): Racial polarization is still a major problem at Malaysian universities with some students refusing to share rooms with those from different races, a report said on Monday. The Sun newspaper quoted Mohamad Hafeez Abdul Samad, a students' representative at the University of Malaya, as saying about 10 percent of undergraduates refused to share rooms with different races. Malays make up just over half the population, followed by Chinese and Indians.

'Sacred' Dayak tattoos lose their meaning

'Sacred' Dayak tattoos lose their meaning By Edi Petebang and Theresia Game PONTIANAK (JP): The indigenous Dayak in Kalimantan are known for the art of tattooing, but it is hard to tell whether it is an original tradition or whether it was introduced from outside. It is strongly believed that the art of tattooing among the Dayak in Kalimantan, both in Indonesia and Malaysia, originated from China.

Excuse me, may we interrupt?

Excuse me, may we interrupt? JAKARTA (JP): Anyone speaking in support of President Abdurrahman Wahid must be prepared to face a three-pronged attack.

How to refill Lake Toba and save its surroundings

How to refill Lake Toba and save its surroundings By Pasi Lehmusluoto JAKARTA (JP): A careful reading of the article, "Renun River dilemma brought about by deforestation" (The Jakarta Post, Aug. 8, 2000) revealed that the diversion of the Renun River into Lake Toba, its historical direction, was not planned to raise the water level of the lake.

Purbalingga lacking teachers

Purbalingga lacking teachers PURBALINGGA, Central Java: As many as 568 elementary schools in 237 villages in the regency of Purbalingga need more than 1,000 teachers, regent Triyono Budi Sasongko said here on Monday. He said a large number of teachers had retired, while the new ones had yet to be officially appointed due to bureaucratic reasons. "Of the 1,021 teachers we need, 729 are sports teachers," he said.

Fish to curb water pollution

Fish to curb water pollution BANDUNG: In a bid to negate the level of pollution of the Cirata, Saguling and Jatiluhur dams in West Java, a special species of fish will be released into the waters of the three large dams. Muhammad Husen, the head of the water exploitation office at the fishery office in Bandung said here on Monday that the Hypophthalmichtys prolitrix fish (silver carp or Chinese carp) would function as a biocleaning agent in the dams' waters.

Sophan causes a stir with doctors

Sophan causes a stir with doctors JAKARTA (JP): Indonesia Democratic Party of Struggle (PDI Perjuangan) faction chairman Sophan Sophiaan caused quite a stir with doctors on Monday after a brief head massage. Sophan had sat down at one of the stands at the MPR complex for some traditional relief after being convinced by the masseuse that a forehead massage could keep him fresh over the long proceedings.

Where to go in Bandung:

Where to go in Bandung: Film * Steven Spielberg Film at CCF - French Cultural Center, Jl. Purnawarman 32 (Phone 4212417), 2 p.m., 6:30 p.m.: Indiana Jones et le Temple Maudit, Aug. 15. Jurassic Park, Aug. 18. * Cannes Film Screening at CCF, 2 p.m., 6:30 p.m.: L'odeur de la papaye verte, Aug. 22. La Haine, Aug. 29. Underground, Aug. 31. Music and Entertainment * Sheraton Bandung Hotel and Towers, Jl. Ir. H. Juanda No. 390 (Phone: 022 2500303): - SOB Fun Pub, at 9 p.m.

Lee visits Malaysia to boost bilateral ties

Lee visits Malaysia to boost bilateral ties KUALA LUMPUR (Agencies): Singapore Senior Minister Lee Kuan Yew arrived in Malaysia on Monday for his first visit in a decade, and Malaysia's foreign minister said he hoped for progress in settling long-standing disputes. Lee, who drove up from Singapore, was greeted on arrival at his hotel in Kuala Lumpur by Foreign Minister Syed Hamid Albar. His four-day visit includes talks with Prime Minister Mahathir Mohamad.

President asked to lift investment ban on dot-coms

President asked to lift investment ban on dot-coms JAKARTA (JP): State Minister of Investment and State Enterprises Development Rozy Munir is asking President Abdurrahman Wahid to revise his controversial decree which bans foreign investment in the multimedia and telecommunications sectors, a senior official of the office of the state minister said on Monday.

PET exporters escape EC antisubsidy investigation

PET exporters escape EC antisubsidy investigation JAKARTA (JP): The European Commission has withdrawn its threat to impose antisubsidy measures on Indonesia's polyethylene terephthalate (PET) products due to a lack of evidence.

Response to starving refugees

Response to starving refugees Commenting on the article Refugees die of starvation (The Jakarta Post, July 27, 2000, page 2) we would like to give our explanation based on the results of monitoring carried out in the refugee camps and statements made to the service office concerned by the Ministry of Health's South Sulawesi provincial office as follows: 1. According to Satkorlak's June 2000 data of the province of South Sulawesi, the total number of refugees is 1,067 not 8,500. 2.

One killed in a well

One killed in a well PURWOKERTO, Central Java: One person was killed while three others slightly injured when they were cleaning a water well in the village of Pageraji, Banyumas regency, on Sunday. Eyewitness Darminto, 45, who is also the owner of the well, told police that Zaenuddin, 35, the deceased, had agreed to clean the well for him, and asked three other people, Suparno, 30, Mistahudin, 25 and Qoridin, 20, to help him.

A betrayal

A betrayal It now looks almost certain the People's Consultative Assembly (MPR) will extend the political role of the Indonesian Military (TNI) beyond 2004, the original deadline promised by leaders of the 1998 reform movement that included the likes of President Abdurrahman Wahid, Vice President Megawati Soekarnoputri and Assembly Speaker Amien Rais.

Foreign funds crucial to SE Asian recovery: Lee

Foreign funds crucial to SE Asian recovery: Lee SINGAPORE (AFP): Foreign investment was crucial to sustaining Southeast Asia's economic recovery, Singapore Senior Minister Lee Kuan Yew said in remarks published Monday. Lee said that except for Singapore, foreign investment in the rest of the region had slowed, and he warned the trend made the rebound from financial crisis vulnerable. "A word of caution is necessary.

New fisheries ministry urged for new Cabinet

New fisheries ministry urged for new Cabinet JAKARTA (JP): The Indonesian Fisheries Community on Monday urged President Abdurrahman Wahid to set up a ministry in charge of sea and inland fisheries development in the new Cabinet which he is to announce early next week.

Travel ban planned for former bank owners

Travel ban planned for former bank owners JAKARTA (JP): Attorney General Marzuki Darusman said on Monday that the government would impose a travel ban on former owners and management of 42 commercial banks who allegedly abused the government liquidity support. Marzuki said the travel ban was needed to facilitate an impending investigation process. "Minister of Finance Bambang Sudibyo has agreed to impose the travel ban immediately this week.

Application of syariah law

Application of syariah law As a comment to The Jakarta Post's interview with Irfan S. Awwas, chairman of Mujahidin Congress organizing committee, I would like to say that the suspicion and fear among non-Muslims of the idea to apply syariah law in Indonesia is understandable. I can point out at least two things which make me fear the idea. One is the massive mobilization of Laskar Jihad in the troubled land of Ambon, which has proven to have added more killings in the region.

IBRA announces sale of five mosquito coil firms

IBRA announces sale of five mosquito coil firms JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) announced on Monday the sale of five mosquito coil companies which together control 59 percent of the domestic market. Phoa Bing Han, division head of IBRA's Asset Management Investment (AMI) unit, said the five companies are controlled by PT Holdiko Perkasa, a holding company established as part of the debt settlement agreement between IBRA and the Salim Group.

UAI opens its doors to prospective students

UAI opens its doors to prospective students JAKARTA (JP): The Al-Azhar Islamic School Foundation's newly- founded University of Al-Azhar Indonesia (UAI) is opening its doors to prospective students, regardless of their religion, a foundation executive said on Monday. Chairman of the foundation Moeslim Aboud Ma'ani said at its headquarters on Jl. Sisingamangaraja in Kebayoran Baru, South Jakarta, that registration for the current academic year started on Aug. 8.

Factors beyond Pertamina affecting fuel supply

Factors beyond Pertamina affecting fuel supply By Rikza Abdullah JAKARTA (JP): The recent gasoline shortage here, the first of its kind in 30 years, made the public wonder if there might be something wrong with the country's fuel distribution system. The shortage, which also affected East Java and Bali, was said to be linked with the shutdown of the Balongan oil refinery in West Java, which has a processing capacity of 125,000 barrels of crude oil per day (bpd).

More than 1,000 rally at Assembly session

More than 1,000 rally at Assembly session JAKARTA (JP): Over 1,000 people from different groups rallied on Monday in front of the People's Consultative Assembly (MPR), voicing various demands ranging from support for the government of President Abdurrahman Wahid to the expulsion of the military/police faction in the nation's highest law-making body. It was the largest demonstration since the Assembly's Annual Session started last week.

BPS gets new soft loan worth $12.9b from Japan

BPS gets new soft loan worth $12.9b from Japan JAKARTA (JP): The Central Bureau of Statistics announced on Monday a new soft loan worth 1.4 billion yen (US$12.9 million) from the Japanese government to improve its computerized system of data collection. BPS' head Soedarti Surbakti said the new loan provided by the Japan Bank for International Cooperation would be used to buy new computer equipment and finance computer training programs for the agency's employees nationwide.

MPR unlikely to complete amendment drafts

MPR unlikely to complete amendment drafts JAKARTA (JP): The People's Consultative Assembly (MPR) looks certain to delay its overhaul of the 1945 Constitution after Commission A, assigned with deliberating the amendments, reached agreements on only 23 of 79 draft articles at the end of Monday. Many considered the draft articles, approved by representatives of factions in the commission, to be insignificant.

VP warns of declining appeal of scout movement

VP warns of declining appeal of scout movement JAKARTA (JP): The scouting movement is no longer compulsory and is fast losing appeal because of failing to keep up with the times.

Sumatran tiger, RI's vanishing treasure

Sumatran tiger, RI's vanishing treasure By Maria Kegel JAKARTA (JP): The statistics are disturbing: there are only between 400 and 600 Sumatran tigers left in the wild. And that was in 1992. With rampant poaching and a steep decline in the tigers' habitat, their numbers are sure to be lower now, experts contend.

Indonesia's politics

Indonesia's politics The Indonesian people and the international community are sick and tired of the ongoing internal discord within the administration. It is not as if the infighting has stemmed from disagreements over any particularly worthy cause. All the political party leaders should recognize this clearly.

More discussion about TNI/Police

More discussion about TNI/Police JAKARTA (JP): People's Consultative Assembly factions defended their decision on Monday to extend the Indonesian Military (TNI)/Police role in the Assembly, calling on critics to face the "political reality" that immediately abolishing their political roles could lead to further turmoil.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 14, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

CPO prices fall on rising RI exports

CPO prices fall on rising RI exports KUALA LUMPUR (Reuters): Liquidation dominated the Malaysian palm oil market on Monday, with prices falling on July output, stocks and export figures and the prospect of rising exports from Indonesia. Traders said official July data to be issued by the Malaysian Palm Oil Board (MPOB) on Tuesday was likely to be discounted by players. The market was showing more interest in August 1-15 export figures to be issued at the same day, they said.

Acehnese free to hoist flags: GAM chief

Acehnese free to hoist flags: GAM chief BANDA ACEH, Aceh (JP): With tension high following the fatal shooting of two students at state-run Syiah Kuala University on Monday, a Free Aceh Movement (GAM) commander said people in the province could fly the Indonesian flag on Independence Day on Aug. 17 if they wished.

Parties' task forces ready to end gambling

Parties' task forces ready to end gambling JAKARTA (JP): Task forces of major political parties have expressed their readiness to deploy their private troops to help the Jakarta Administration in its efforts to close down gambling dens in the capital.