Indonesian Political, Business & Finance News

Archive: 19 August 2000

58 articles found

KONI picks up archer Hamdiah for Olympics

KONI picks up archer Hamdiah for Olympics JAKARTA (JP): The Indonesian Archery Association (Perpani) finally named only Hamdiah to compete in the individual event of the Olympic Games in Sydney next month. The Olympics executive training deputy Imron Z. Syarifuddin said Hamdiah outclassed teammates Nurfitriyana Lantang Saiman and Lusia Elizabeth Sampow in the championships in South Korea from Aug. 9 to Aug. 16.

Mosque yard good enough for Abkar

Mosque yard good enough for Abkar JAKARTA (JP): All religions teach that everyone is equal before God. House of Representatives Speaker Akbar Tandjung and Deputy Speaker Muhaimin Iskandar conceded just that when they said their Friday prayers. A packed Baiturrahman Mosque at the House compound left no room for the two late arrivals, forcing them to perform their religious duty in mosque's yard.

Illegal logging involves 'central govt officials'

Illegal logging involves 'central govt officials' JAKARTA (JP): The multi-billion illegal logging business in forests across the country involves not only local officials and businessmen but also government officials in Jakarta and members of their networks in Singapore and Hong Kong.

Penabur puts on birthday shows

Penabur puts on birthday shows JAKARTA (JP): The Penabur Christian Educational Foundation is crowning a series of events to mark its 50th anniversary with theatrical performances in Jakarta and Bandung. The organizers said in a statement on Friday that some 500 students from the foundation, popularly known as BPK Penabur, will take part in the plays at the Jakarta Convention Center this Sunday (Aug. 20) and Sabuga Convention Center in Bandung's Institute of Technology the following week.

Taufik to meet Gopichand in Malaysia Open semis

Taufik to meet Gopichand in Malaysia Open semis JAKARTA (JP): Indonesia's best hope, Taufik Hidayat, survived his quarterfinals test against Chen Hong of China at the US$150,000 Proton-Eon Malaysia Open at the Malawati stadium in Shah Alam on Friday. The 19-year-old Indonesian, currently number three in the world, had to sweat out before taming world number 13 Chen 15-13, 9-15, 15-0.

Cabinet to be 25-strong at the most: Gus Dur

Cabinet to be 25-strong at the most: Gus Dur JAKARTA (JP): President Abdurrahman Wahid hinted on Friday that the number of ministers in the new cabinet would be reduced from the current 35 to a maximum of 25. "There are thousands of resumes in my hands, but we only need about 25 (ministers). And it would be even better if the number could be less than that," Abdurrahman said after Friday prayers at Baiturrahman Mosque within the presidential palace compound.

Most Asian major currencies weaken

Most Asian major currencies weaken HONG KONG (Dow Jones): A delayed cabinet reshuffle in Indonesia and a reweighting of Thai securities in an important investment index swirled around Asian foreign exchange desks Friday, leaving most major currencies weaker. The Thai baht breached an important support level at 41.00 baht to the dollar after news that Morgan Stanley Capital International cut back the number of Thai stocks in its widely tracked Emerging Markets Index.

Malaysia palm oil closes lower on CBOT losses

Malaysia palm oil closes lower on CBOT losses KUALA LUMPUR (Reuters): Malaysian palm oil futures closed lower on Friday as renewed selling, prompted by tumbling soy products on the Chicago Board of Trade (CBOT), wiped out gains made the previous day. The benchmark third position November futures contract ended down 10 ringgit at 998 ringgit (US$262.63) a ton, closing at below the 1,000 ringgit support level for the first time since July 5.

Trustix's regional office

Trustix's regional office JAKARTA (JP): Norway-based e-business management company Trustix opened its Southeast Asia regional office in Jakarta on Friday. "Due to our rapidly increasing level of activity here in Southeast Asia, we need more space and a new office," Trustix chief executive officer Havard Wollan said in a statement. The company, which provides e-business systems management solutions for Linux and Secure Linux, began its operation in Jakarta in March.

Jakarta Police release students without charges

Jakarta Police release students without charges JAKARTA (JP): City police released without charge on Friday six students who had been in custody after red-handedly found lowering the national flag at the Attorney General's Office compound in South Jakarta the day before. The six left city police headquarters at 11 a.m, escorted by dozens of their friends. Muhammad Ismail Sambas, one of the students, said they were released by the police after hours of investigation.

SingTel to lift limit rule

SingTel to lift limit rule SINGAPORE (AFP): Singapore Telecommunications Ltd. (SingTel) said Friday it was moving to lift a cap on foreign ownership which would clear the way for the entry of a strategic partner. The move is expected to dilute the government's 78.39 percent stake in Singapore's biggest telecommunications firm, but analysts said the extent of the divestment was still unclear.

Desires voiced with motherly love

Desires voiced with motherly love JAKARTA (JP): There are many ways to promote an idea or aspiration. To attract people's attention, the Indonesian Muslim Workers Brotherhood (PPMI) used the service of motherly looking women to distribute a media statement at the closing of the People's Consultative Assembly (MPR) Annual Session on Friday. Dressed in Islamic outfits, the women greeted people and presented them with the pamphlets.

RI urged to use loans properly

RI urged to use loans properly BANDUNG: The Italian government has urged Indonesia to properly use the money from its soft loan for the development of small-scale leather businesses.

Teenage scientists awarded

Teenage scientists awarded JAKARTA (JP): The National Institute of Sciences (LIPI) awarded eight school children with prizes on Wednesday at the annual Scientific Contest for Teenagers (LKIR) in a ceremony televised on state television station TVRI. Agung Pranowo, chairman of the jury, read out the winners' names, witnessed by LIPI chairman Taufik Abdullah. The contest, of which there were 15 finalists, was divided into three categories, namely technology, pure science and social science.

Constitutional amendment eases central govt power

Constitutional amendment eases central govt power JAKARTA (JP): The People's Consultative Assembly endorsed on Friday the second constitutional amendment which significantly gives more power to regional administrations and the House of Representatives, but at the expense of the central government. Through the amendment, the Constitution recognizes the wider autonomy of the provinces except for certain administrative affairs which will remain in the government's hands.

Workers of KPC coal mining firm lift blockade

Workers of KPC coal mining firm lift blockade JAKARTA (JP): Employees of coal mining firm PT Kaltim Prima Coal (KPC) in Sangata regency, East Kalimantan, ended their strike on Friday after assurances were made that the company would not fire them.

Rave review for raids

Rave review for raids From Sinar Pagi It was interesting to learn that members of the South Jakarta municipality administration have disguised themselves as the customers of prostitutes, often appearing as school or university students and waiting for prostitutes, day and night, in Blok M, Melawai, Falatehan, Prapanca and Mahakam, all in South Jakarta. The raids were conducted from Aug. 8 at midnight up to Aug.

Observers disappointed with MPR's Annual Session

Observers disappointed with MPR's Annual Session JAKARTA (JP): Numerous political observers were disappointed with the People's Consultative Assembly's (MPR) 10-day Annual Session which concluded on Friday, saying it paid more attention to power bargaining than the economic crisis afflicting the country.

Balinese winery shut

Balinese winery shut DENPASAR, Bali: The Bali Police seized thousands of bottles of wine, labeled Wine Of Gods, from a winery allegedly owned by five Australian nationals on Jl. Raya By Pass Ngurah Rai, before shutting the premises down on Friday. "This establishment has no license to produce alcoholic liquor, and the plant itself has no official building permit from the Bali administration," Bali police chief of detectives Sr. Supt. Bambang Hendarso said.

Mastel wants govt to clarify new telecoms policy

Mastel wants govt to clarify new telecoms policy JAKARTA (JP): Indonesian Telecommunications Society (Mastel) called on the government on Friday to clarify its plan to allow foreign investors to own up to 95 percent in local telecommunications companies.

On protecting women workers

On protecting women workers Your editorial Protect all women workers (Aug. 12, 2000) sharply criticizes a campaign to stop sending women workers to Saudi Arabia, which was prompted by 22 NGOs and supported by the First Lady. Most of those women work as domestic staff. The most important criticism launched in the editorial is that legal protection should also apply to pembantu (domestic staff) in our own country. I have some comments on this.

Tsingtao Brewery buys U.S. stakes in 2 China breweries

Tsingtao Brewery buys U.S. stakes in 2 China breweries BEIJING (Reuters): Tsingtao Brewery Co Ltd, China's largest beer maker, agreed on Friday to buy two U.S.-controlled breweries in Beijing, marking a further retreat from the glutted market by foreign companies. Tsingtao will pay Asian Strategic Investments Corp (ASIMCO) US$22.5 million in cash for its 63 percent stake in Beijing Five Star Beer Co and its 54 percent stake in Beijing Three Ring Asia Pacific Beer Co, Tsingtao officials said.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 TV Series: Labyrinth 10:00 Cultural Exhibition Opening Ceremony 2:00 p.m. News 2:30 Children's Show 3:00 Music 4:00 Regional News 4:30 Music 5:30 TVRI News (in English) 6:00 Music 7:00 Evening News 7:30 TV Drama 9:00 World News 9:30 Film 10:30 News Program 2 5:30 p.m. News 6:00 Music 7:00 Evening News 7:30 TV Drama 8:00 City News TPI 5:30 a.m.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 18, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Asian wheat demand seen to boost world prices

Asian wheat demand seen to boost world prices SINGAPORE (Reuters): Asian wheat demand will rise substantially this year as the region recovers from financial crisis and should help spur world prices higher in 2000/2001, the top U.S. wheat industry representative in Asia said on Friday. The United States is expecting to boost its Asian wheat sales this year, often at the expense of its main competitor in the region, Australia, Mark Samson, vice-president for South Asia of U.S.

Malaysia, Singapore struggle to mend fences

Malaysia, Singapore struggle to mend fences By K. Baranee Krishnaan KUALA LUMPUR (Reuters): Singapore has signaled it wants to mend ties with Malaysia but stinging remarks by Senior Minister Lee Kuan Yew during a visit this week to Kuala Lumpur might not help. Singapore's founding father ended a four-day visit to Kuala Lumpur on Thursday saying he was more optimistic than when he arrived that the sibling states could settle thorny differences.

Garuda responds

Garuda responds With reference to Y. Santo's letter Garuda's old 747s of Aug. 4, 2000, we would like to thank you for your attention and concern toward Garuda Indonesia. Nevertheless, to avoid further misunderstanding among our customers, we feel it necessary to explain that in our published advertisements we have never featured a Boeing 747-200 as part of the visualization.

S'pore Lee's visit 'constructive'

S'pore Lee's visit 'constructive' KUALA LUMPUR (AFP): The Malaysian foreign minister described on Friday the just-ended visit by Singapore Senior Minister Lee Kuan Yew as a "constructive and productive" development in bilateral relations. "We are always positive to any action to enhance ties between Malaysia and Singapore. I believe his visit will work toward enhancing bilateral ties," Syed Hamid Albar told reporters.

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. * Painting Exhibition by Lie Tjoen Tjay, Benny Setiawan, and Sandy Leonardo, at Sriyanto Gallery, Jl. Gedung Hijau Raya 36, South Jakarta (Phone: 7503117), 10 a.m. to 8 p.m., until Aug. 28.

Visa offers e-card

Visa offers e-card JAKARTA (JP): Visa International, in cooperation with Bank Universal, launched on Friday a new virtual credit card designed especially for payments over the Internet. Visa country manager Ellyana Fuad said the Bank Universal Visa Virtual Card could be used at all websites accepting Visa cards. Cardholders are issued account numbers and electronic certificates to ensure a secure online transaction, Ellyana said in a statement.

80 BI officials to be questioned over scam

80 BI officials to be questioned over scam JAKARTA (JP): Bank Indonesia senior deputy governor Anwar Nasution said on Friday that 80 central bank officials will be questioned over a possible involvement in fraud related to the disbursement of massive government liquidity supports to commercial banks between 1998 and 1999. "There are many ...

Too rosy forecast

Too rosy forecast Bank Indonesia's latest forecasts of key economic indicators for the rest of the year and next year could generate a sense of optimism, a precious commodity sorely needed by the business sector, and bolster consumer confidence which is the main locomotive of the nascent recovery. The central bank foresaw an economic growth (gross domestic product) of four to five percent next year, compared to an estimated three to four percent this year.

Hundreds rally as search for activists continues

Hundreds rally as search for activists continues JAKARTA (JP): Hundreds of people from various groups rallied outside the compound of the People's Consultative Assembly (MPR) to express their disappointment with the results of the Annual Session, which concluded on Friday.

Agronomic trade potential

Agronomic trade potential By Daniel Kingsley JAKARTA (JP): It is a government priority and focus to develop small and medium enterprises in Indonesia as a foundation for bringing the country out of it's present economic slump. Indonesia has a strong agricultural foundation which, unfortunately, is stunted by an inefficient distribution system that was never allowed to develop under the New Order government.

Summary of Amendments to the 1945 Constitution

Summary of Amendments to the 1945 Constitution Chapter VI Local Government The original single article on the division of Indonesia into small and large territories, has now been expanded to three articles which highlight the right of each province and regency/municipality to administer their jurisdictions based on the principle of autonomy. The articles also stresses that governors, regents and mayors shall be democratically elected by the people.

Traditional 'angklung' dance retains popularity in E. Java

Traditional 'angklung' dance retains popularity in E. Java By Singgir Kartana BANYUWANGI, East Java (JP): It was a merry Wednesday night in Kalibaru Cottage's lobby. Dozens of foreign tourists got carried away watching an angklung dance performed by three young girls, Fitri, Prima and Uut. They are members of the Sekar Wangi Dance Company. When the dance was over, some male tourists looked exhausted after dancing along with the dancers for nearly half an hour.

Police detectives have yet to identify bomb hoaxers

Police detectives have yet to identify bomb hoaxers JAKARTA (JP): Police detectives are still in the dark over the identity of persons responsible for a series of bomb hoaxes which disrupted the capital following the large explosion in front of the residence of Philippine Ambassador to Indonesia Leonides T. Caday early this month. Sr. Supt.

New industrial policy centers on technology

New industrial policy centers on technology JAKARTA (JP): The government announced on Friday it was adopting a new industrial policy that would boost the use of technology as a means to improve the nation's competitiveness. Minister of Industry and Trade Luhut Pandjaitan said the new policy would become the government's guideline in designing future trade and industrial policies.

Hit-and-run accident kills two

Hit-and-run accident kills two DENPASAR, Bali: Police are searching for the driver of a truck in a hit-and-run accident that killed two people on a motorcycle on Jl. Raya Kesambi in the Abasan area, some 10 kilometers west of Denpasar on Friday afternoon. "It was a yellow truck with a movable tank on it. The truck- driver split with the truck after the crash," a police officer said. The two victims were identified as Joni, 21, and Hadi, 18, who both lived on Jl. Kunti in Seminyak, Kuta.

IMF data show Indonesia increases borrowings

IMF data show Indonesia increases borrowings WASHINGTON (Reuters): Russia and Brazil made big repayments to the International Monetary Fund in the year to July 31, according to IMF figures released on Thursday. The figures, published on the IMF's web site, also show Indonesia increased its borrowings from IMF to US$10.49 billion as of July from $9.34 billion a year earlier.

MPR approves nine decrees, TNI's presence included

MPR approves nine decrees, TNI's presence included JAKARTA (JP): Concluding its Annual Session on Friday, the People's Consultative Assembly (MPR) endorsed nine decrees, two of which certified the military's presence at the Assembly until 2009 and the new tasks for Vice President Megawati Soekarnoputri. The decrees, which take effect on Aug.

IBRA to give 100% interest discount to small debtors

IBRA to give 100% interest discount to small debtors JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA), in collaboration with 10 domestic banks, has agreed to provide bank refinancing facilities to indebted small and medium enterprises (SMEs) interested in joining the agency's Crash Program with a 100 percent interest rate discount.

From Washington to Jakarta

From Washington to Jakarta The presence in Jakarta of (Palestinian leader Yasser) Arafat and (Israel's Shimon) Peres gives us reason to be proud of the fact that there are still others who are turning to Indonesia, a nation in a deep crisis, to resolve the decades-old Middle East crisis. Such trust seems to negate the (Indonesian) government's inability to resolve the crisis at home.

Gus Dur concerned about preserving national culture

Gus Dur concerned about preserving national culture YOGYAKARTA (JP): President Abdurrahman Wahid said on Friday night during a Javanese ritual Ruwatan Sukerto in Yogyakarta that he had asked Sultan Hamengkubuwono X to chair a board which will deal with the dynamic movement of national culture in facing modernization and globalization.

Can Thai Rak Thai reverse economic policies?

Can Thai Rak Thai reverse economic policies? By Thanong Khanthong BANGKOK: CAN the Thai Rak Thai Party reverse the key economic policies implemented by the Democrats if it wins the next election? Kitti Limsakul, an adviser to Thai Rak Thai, believes so. He accuses the Democrats of mishandling the management of the economy, which has led to the sluggish recovery.

Asia-Pacific nations urged to help curb oil prices

Asia-Pacific nations urged to help curb oil prices BANGKOK, Thailand (AP): Thailand has urged a powerful group of Asia-Pacific nations to pressure oil exporting countries into reducing the high crude prices before "it leads to another economic crisis." In a letter dated Thursday to the foreign ministers of the 21- member Asia Pacific Economic Cooperation forum, Foreign Minister Surin Pitsuwan said his government is "very concerned about the adverse impact of high oil prices on the global...

MPR's Annual Session too expensive, says Akbar

MPR's Annual Session too expensive, says Akbar JAKARTA (JP): Only at the end of the Annual Session of the People's Consultative Assembly (MPR) on Friday, did the Golkar Party faction finally come to the conclusion that the expenditure involved in the 10-day event was excessive. It suggested that the MPR cut the budget by 50 percent for next year's session.

Maersk fetes new ship

Maersk fetes new ship JAKARTA (JP): Container transport service Maersk Sealand celebrated a new weekly service for Asia on Friday with the arrival of 1,382 twenty-foot equivalent unit freighter Bernhard Schulle at the Jakarta International Container Terminal (JICT).

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 18, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 680 -20 29,500 Adindo Foresta Indonesia 295 -5 154,000 Alakasa Industrindo 815 115 1,000 Alfa Retailindo 890 10 7,500 Alter Abadi 275 0 0 Alumindo Light Metal 1,050 -200 14,500 Aneka Kimia Raya 345 0 8,000 Aneka Tambang (Persero) 1,210 5 179,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Sjahril's arrest extended again for another 30 days

Sjahril's arrest extended again for another 30 days JAKARTA (JP): The Attorney General's Office extended the arrest of central bank governor Sjahril Sabirin on Monday for another 30 days, pending the completion of the investigation into his involvement in the Bank Bali scandal. Spokesman for the Attorney General's Office, Yushar Yahya, told reporters on Friday that the prosecutors' request to extend the arrest status of Sjahril was approved on Tuesday by the Central Jakarta District Court.

Double-decker goes up in flames on Jl. Sudirman

Double-decker goes up in flames on Jl. Sudirman JAKARTA (JP): A double-decker bus serving the Pulogadung-Blok M route with some 40 passengers on board caught fire in front of the Indocement building on the city's major thoroughfare of Jl. Sudirman in Central Jakarta on Friday morning. No fatalities were reported as all the passengers, the driver and conductor managed to escape the blaze, which occurred after black smoke began to emerge from the rear of the vehicle.

GAM claims to have special links with TNI

GAM claims to have special links with TNI BANDA ACEH, Aceh (JP): A commander of the Free Aceh Movement (GAM) separatist rebels in restive North Aceh regency Abu Sofyan Daud conceded that the movement has special links with officers in the Indonesian Military (TNI). "We have special links with members of Kopassus (Army's Special Force) as they have been supplying us with weapons, information and other logistics.

Singapadu pioneers village arts festival in Bali

Singapadu pioneers village arts festival in Bali By I wayan juniartha SINGAPADU, Bali (JP): The people of Singapadu village, 12 kilometers east of Denpasar, deserve a special place in Bali's arts history for organizing the first village-level arts festival. The Singapadu Arts Fiesta, which started on Aug. 15 and runs through Aug.

Thailand's white sugar premiums under pressure

Thailand's white sugar premiums under pressure BANGKOK (Reuters): Thai white sugar premiums are expected to come under pressure for the rest of this year and into 2001 if India starts to export up to one million tons of white sugar at subsidized prices, trade sources said on Friday. Indonesia, traditionally the main importer of Thai sugar, may turn to Indian sugar if its prices come down, they said.

MPR ends its session and avows failure

MPR ends its session and avows failure JAKARTA (JP): The 10-day People's Consultative Assembly Annual Session ended on Friday afternoon producing 10 decrees and several constitutional amendments, but fell far short of tackling much of the nation's pressing problems. Assembly Speaker Amien Rais openly acknowledged the failure of the first ever Annual Session to solve many major challenges due to the complexity of the crisis.

Sophan balances radical, conservative views in PDI-P

Sophan balances radical, conservative views in PDI-P JAKARTA (JP): Many skeptics brush aside the work of legislators, describing them as having an easy life sitting on their backsides. But for those in the midst of the political fray, the tension and moral complexities can be physically too much, especially if you're chairman of the largest faction in the People's Consultative Assembly.

Wanted: Independent films, video producers for show

Wanted: Independent films, video producers for show JAKARTA (JP): Do you like to make films? If the answer is yes, go and submit your work to the upcoming Indonesian Independent Film and Video Festival. There is still plenty of time as the festival's organizer will be accepting works until Sept. 6.

Toyota's Thai plant to buy all parts in Southest Asia

Toyota's Thai plant to buy all parts in Southest Asia TOKYO (DPA): Japan's Toyota Motor Corporation said on Friday its Thai plant will try to procure all parts in Southeast Asia by 2003 thanks to planned reductions of tariffs by the Association of Southeast Asian Nations (ASEAN) in 2002.