Indonesian Political, Business & Finance News

Archive: 18 August 2000

55 articles found

Qaddafi acts to free RP hostages

Qaddafi acts to free RP hostagesBy Rudolph Chimelli PARIS (DPA): If Libyan revolutionary leader Muammar Qaddafi manages to secure the release of the hostages being held in the Philippines, then he will have taken an enormous step towards casting off his persona non grata label and his...

SE Asia needs reforms to catch neighbors

SE Asia needs reforms to catch neighbors KUALA LUMPUR (Reuters): Southeast Asia lags behind Japan and its neighbors in overcoming the region's financial crisis and will catch up only if it embraces structural reforms, Singapore Senior Minister Lee Kuan Yew said on Wednesday.

RI plans to axe CPO tax

RI plans to axe CPO tax JAKARTA (Reuters): Indonesia plans to axe its taxes on exports of crude palm oil (CPO) and palm oil by-products this month to make its products more competitive internationally, a senior trade ministry official said on Wednesday.

State security bill must not be signed

State security bill must not be signedBy Matthew Draper and Yuli Swasono JAKARTA (JP): There are strong fears that President Abdurrahman Wahid plans to quietly sign the state security bill in the coming months.

Gus Dur vows to restructure govt

Gus Dur vows to restructure govt JAKARTA (JP): President Abdurrahman Wahid pledged on Wednesday to restructure his administration to ensure it would be more able to effectively develop policies for the betterment of the people.

BAT books first profit

BAT books first profit JAKARTA (JP): Publicly listed cigarette producer PT BAT Indonesia booked a net profit of Rp 64.75 billion (US$7.8 million) during the first semester of this year, up from Rp 54.07 billion in the same period last year.

BI estimates inflation to exceed government target

BI estimates inflation to exceed government target JAKARTA (JP): Bank Indonesia said on Wednesday that inflation would likely be at about 7.67 percent this year, exceeding the government's target of between 5 percent and 7 percent.

Malaysia, S'pore could end problems in months

Malaysia, S'pore could end problems in months KUALA LUMPUR (Agencies): Singapore Senior Minister Lee Kuan Yew said on Thursday that his country and neighboring Malaysia could resolve bilateral problems in two to three months if there was enough political will on both sides.

Announcement of new Cabinet delayed

Announcement of new Cabinet delayed JAKARTA (JP): President Abdurrahman Wahid has decided to delay announcing his new Cabinet until Aug. 24 at the earliest, as he needs to further consult with Vice President Megawati Soekarnoputri and other political leaders, Cabinet Secretary Marsilam Simanjuntak...

KPC waiting for govt action before making final decision

KPC waiting for govt action before making final decision JAKARTA (JP): PT Kaltim Prima Coal (KPC) is waiting for the government to end a blockade of its mine in Sanggata regency, East Kalimantan, before issuing a final decision on whether it will maintain its operation or pull out of the province.

Household workers

Household workers It is a cause for hope when a leading national newspaper devotes its editorial space to the needs of the disenfranchised. The Jakarta Post's Aug. 12 editorial spoke out on behalf of Indonesia's lowest level of female household workers, our pembantus.

Two taxi rapists sentenced to 14 years and 13 years

Two taxi rapists sentenced to 14 years and 13 years JAKARTA (JP): Rusdi bin Busri, 25, and Arkomi, alias Komeng, 30, stared at the floor when judges respectively handed down a 14-year jail term and a 13-year jail term for a vicious robbery and rape of a 23-year-old woman in a taxi last January.

Negotiators behind peaceful rallies

Negotiators behind peaceful rallies JAKARTA (JP): Smarting from the past, when demonstrations were prone to clashes between protesters and security personnel, police have found a recipe for dealing with street rallies, regardless of their size, during the Annual Session of the People's Consultative...

'Syariah' bid based on false assumption

'Syariah' bid based on false assumption The People's Consultative Assembly (MPR) has decided to postpone for a year deliberations on the possible inclusion of syariah (Islamic law) in the Constitution. The rector of the Syarif Hidayatullah State Institute for Islamic Studies (IAIN), Azyumardi Azra,...

Bad weather holds up release of hostages in RP

Bad weather holds up release of hostages in RP ZAMBOANGA, Philippines (Agencies): Bad weather on Thursday delayed the expected release of foreign hostages taken by Moro rebels, but officials were confident all 17 captives would be freed from a southern Philippine island this week.

China, Korea dumping steel

China, Korea dumping steel WASHINGTON (Reuters): The U.S. International Trade Commission has ruled that China, South Korea and other countries appear to be dumping steel used to reinforce concrete on the United States, but cleared Japan and Russia of the same charges.In a report sent to the U.S.

Ginandjar to be summoned for further clarification: Marzuki

Ginandjar to be summoned for further clarification: Marzuki JAKARTA (JP): Attorney General Marzuki Darusman said on Wednesday that his office would soon summon former coordinating minister for the economy, finance and industry Ginandjar Kartasasmita to clarify his previous statement before...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition Bukan Pelukis by Sitok Srengenge, Butet Kartaredjasa, Djaduk Ferianto, and Agus Noor, at Galeri Milenium, Golden Plaza complex, Blok B-23, Jl. R.S. Fatmawati No. 15, South Jakarta (Phone: 7507828), 10 a.m. to 8 p.m., until Aug. 30.

Bank Patriot's assets up

Bank Patriot's assets up JAKARTA (JP): Bank Patriot, a private banks included in the government-sponsored recapitalization program, reported an improved performance during the first half of this year.The Indonesian Bank Restructuring Agency (IBRA) said here on Wednesday the bank's total assets rose...

Sandvik's deal with Freeport

Sandvik's deal with Freeport STOCKHOLM (Dow Jones): Engineering group Sandvik AB has received two orders worth a combined SEK120 million for machinery, tools and other equipment for mining and construction work in Australia and Indonesia.

Archipelago food promo at the Peninsula

Archipelago food promo at the PeninsulaBy Grace Segran JAKARTA (JP): From Aug. 14 until the end of the month, the Menara Peninsula will be running a food promotion featuring cuisines from around the Indonesian archipelago at its Kafe Coleman.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Aug. 16, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,822.00 8,822.00 8,280.00 8,364.00Australian dollar 1 4,586.04 5,176.75 4,854.56 4,908.00Austrian schilling 1 518.31 584.89 548.66 554.

Legislator practices politics for people

Legislator practices politics for people JAKARTA (JP): Efforts to brush aside the long-standing image of the House of Representatives as a mere rubber-stamper of the government should not simplify the role played by a young politician from Golkar Party, Ade Komarudin.

KONI expels Supeni from Olympic weightlifting squad

KONI expels Supeni from Olympic weightlifting squad JAKARTA (JP): The National Sports Council (KONI) finally expelled women's weightlifter Supeni from its Olympic Games squad but she will still be groomed for the 2001 Southeast Asian Games in Kuala Lumpur and 2002 Asian Games in Pusan, South Korea.

Two train passengers murdered in two days

Two train passengers murdered in two days BANDUNG (JP): Two passengers died in two different economy- class trains on Monday and Tuesday, forcing railway company PT Kereta Api Indonesia (KAI) to engage in further efforts to improve security on board its trains.

Observers stress need for professional Cabinet

Observers stress need for professional Cabinet JAKARTA (JP): Observers have emphasized the need to recruit professionals, instead of people linked to political parties, for the new Cabinet.Economist Sri Adiningsih from the Yogyakarta-based Gadjah Mada University said the government was facing more...

Portal for paper and pulp

Portal for paper and pulp SINGAPORE (Dow Jones): Alliance Technology & Development Ltd. on Thursday said ATD.com Pte Ltd., a unit, has formed a joint venture company with Indonesia's The-eWorld.com Ltd. to operate an online portal for the pulp and paper industry, www.epulppaper.com

BCA to hike wages after workers protest

BCA to hike wages after workers protest JAKARTA (JP): Some 1,000 Bank Central Asia (BCA) employees rallied on Wednesday in front of the company's headquarters on Jl. Sudirman, South Jakarta, demanding more pay.The protesters, mostly wearing a red ribbon on their arm, arrived at 10 a.m.

S'pore dotcom business up

S'pore dotcom business up SINGAPORE (AP): The number of private sector businesses going online has increased more than 50 times in the past five years to about 16,000 Web sites in Singapore, a government official said on Thursday.

YACB to hold tours on anti-drug abuse

YACB to hold tours on anti-drug abuse JAKARTA (JP): Yayasan Cinta Anak Bangsa (YACB), a foundation preventing drug abuse, is organizing a series of tours and seminars in Semarang, Yogyakarta, Solo and Bali from Aug. 21 until Sept. 4, a foundation official said on Wednesday.

Akbar calls on the nation to boost spirit of nationalism

Akbar calls on the nation to boost spirit of nationalism JAKARTA (JP): House of Representatives Speaker Akbar Tandjung in his address at the official start of a new House session on Wednesday stressed the need for the nation to evoke the spirit of nationalism to face the country's problems.

Light tremors shake Bengkulu

Light tremors shake Bengkulu BENGKULU, Bengkulu: A deep-seated earthquake measuring 4.6 on the Richter scale rocked Bengkulu and its surrounding villages on Wednesday morning. No casualties were reported.

BPKP KO'd, KKN OK?

BPKP KO'd, KKN OK?From RepublikaThe 1945 Constitution on state finances puts the President in a hard position. The President does not have the authority to fully arrange the supervisory function of state finance.

Kotagede festival opens

Kotagede festival opens YOGYAKARTA: A two-week festival featuring traditional arts, performances and cuisine began on Thursday in Kotagede, about five kilometers southeast of Yogyakarta."We plan to hold Festival Kotagede every August," said the chairman of the festival's organizing committee, M.

PDI-P, Golkar dismiss antimilitary protests

PDI-P, Golkar dismiss antimilitary protests JAKARTA (JP): The two largest factions in the People's Consultative Assembly -- the Indonesian Democratic Party of Struggle (PDI Perjuangan) and the Golkar Party -- have brushed off the outcry over the continued presence of the Indonesian Military (TNI)...

Body found in parked car

Body found in parked car JAKARTA (JP): A decomposing body was found inside a Kijang van parked in the Hilton Hotel compound on Thursday, a police officer said.Tanah Abang Police Sr. Insp. Angesta Romano Yoyol said the body, later identified as Erwin Sapta Wiradi, was noticed by the hotel parking...

Top seed Taufik beats Sun, Hashim

Top seed Taufik beats Sun, Hashim JAKARTA (JP): Indonesian teen idol Taufik Hidayat made a giant stride on Thursday at the US$150,000 Proton-Eon Malaysia Open at Malawati Stadium in Shah Alam, Malaysia, after overwhelming Sun Jun of China and Roslin Hashim of Malaysia.

Past rights crimes may get protection under Constitution

Past rights crimes may get protection under Constitution JAKARTA (JP): The People's Consultative Assembly is almost certain to pass a controversial constitutional amendment which will protect anyone from being charged for crimes committed in the past, including human rights abuses, using a newly...

Aug. 17 celebration at palace marred by rally

Aug. 17 celebration at palace marred by rally JAKARTA (JP): President Abdurrahman Wahid led on Thursday a solemn commemoration of Indonesia's 55th anniversary on the grounds of the official residence, Istana Merdeka, as students staged noisy demonstrations in the Monas Square nearby the palace.

Limit foreigners in airline sector: Official

Limit foreigners in airline sector: Official JAKARTA (JP): Restrictions on foreign investment in Indonesia's airline industry should be retained to prepare local airlines for the free trade area, a senior official at the Ministry of Communications said on Wednesday.

House alerts IBRA over revenue target

House alerts IBRA over revenue target JAKARTA (JP): The House of Representatives budget committee called on the Indonesian Bank Restructuring Agency (IBRA) on Wednesday to speed up its asset disposal program to raise some Rp 11.4 trillion (US$1.37 billion) in cash over the next three months.

Oil up in Asia as OPEC refuses to raise output

Oil up in Asia as OPEC refuses to raise output SINGAPORE (Reuters): Oil prices in Asia inched higher on Thursday, as OPEC signaled an output rise was not likely in the near term, despite current sizzling prices.

Sawung Jabo bangs a gong for world music

Sawung Jabo bangs a gong for world musicBy Sonya Sandham SYDNEY (JP): If you thought you had heard the last of Sawung Jabo and his words of condemnation for social injustice, think again. He is back with more songs, a new outlook and a band with a difference.

Independence Day passes peacefully across the country

Independence Day passes peacefully across the country JAKARTA (JP): People across the country, including those in troubled areas, marked the 55th Independence Day on Thursday with solemn ceremonies and traditional games.No reports of violence were recorded.

Asia, spared so far, keeps wary eye on oil price

Asia, spared so far, keeps wary eye on oil price TOKYO (Reuters): Asia's plump trade surpluses and plentiful spare capacity are cushioning the impact of stubbornly high oil prices on its economies, analysts said on Wednesday.

GM launches first model of CBU Chevrolet Blazer

GM launches first model of CBU Chevrolet Blazer JAKARTA (JP): As the competition in the local automobile market heats up, General Motors Indonesia (GMI) launched on Wednesday its first completely built up (CBU) vehicle, the Chevrolet Blazer V6.

Sawung Jabo's new band offers contemplative music

Sawung Jabo's new band offers contemplative musicBy Matdon BANDUNG (JP): Yogyakarta musician Sawung Jabo was linked to the bands SWAMI and Kantata for the last decade, but now he is forging his own path."I got fed up with SWAMI and Kantata's musical styles.

Confidence drops again in July: Danareksa survey

Confidence drops again in July: Danareksa survey JAKARTA (JP): The confidence of chief executives in the country's economy declined in July by 1.3 percent to a level of 116 percent, according to the latest survey conducted by the Danareksa Research Institute.

Watch out for boar meat!

Watch out for boar meat!From Suara KaryaThe mass media in Jakarta has contained news about the illegal sale of boar meat which is sold as beef, not in local government- owned markets but in other places.

PLO to reassess planned statehood declaration: Arafat

PLO to reassess planned statehood declaration: Arafat JAKARTA (JP): Visiting Palestinian leader Yasser Arafat said on Wednesday the Palestinian Liberation Organization (PLO) would "reassess" its plan to unilaterally declare an independent Palestinian state on Sept. 13.

Vitamins for MPR deputy speaker

Vitamins for MPR deputy speaker JAKARTA (JP): Everyone has their secret potions, including People's Consultative Assembly deputy speaker Sucipto.In order to keep fit during the long sessions, Sucipto takes a daily dose of Vitamin A, Vitamin E and honey.

KADI remains objective

KADI remains objective The Anti-Dumping Committee of Indonesia (KADI) wishes to refer to the article in The Jakarta Post on Aug. 15, 2000, titled Anti- dumping Body still has much to do, written by Erry Bundjamin.

Brunei prepares for APEC meeting

Brunei prepares for APEC meeting JAKARTA (JP): Brunei, gearing up to host the Asia-Pacific Economic Cooperation (APEC) summit in November, is training 2,000 job-seekers to help cater to the needs of the region's political and business elite, an official of APEC secretariat in Bandar Seri Begawan...

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 16, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 700 0 0 Adindo Foresta Indonesia 300 -5 474,500 Alakasa Industrindo 700 0 0 Alfa Retailindo...

Tegal doctors remove 15 kgs tumor

Tegal doctors remove 15 kgs tumor SEMARANG, Central Java (JP): A team of doctors from Kardinah General Hospital in Tegal here has succeeded in removing a 15 kilogram tumor from a 72 year-old woman's ovary.