Indonesian Political, Business & Finance News

Archive: 23 August 2000

59 articles found

Visits to Australia exempt from tax

Visits to Australia exempt from tax KUPANG, E Nusa Tenggara (Antara): Indonesians living in the Indonesia-Australia economic cooperation areas -- such as Kalimantan, Sulawesi, Maluku, Irian Jaya, East Nusa Tenggara and West Nusa Tenggara -- are to be exempt from paying departure tax when visiting...

Special team to probe helicopter crash

Special team to probe helicopter crash SURABAYA (JP): Navy Chief of Staff Adm. Achmad Sutjipto dismissed on Tuesday speculation that sabotage was behind a Navy helicopter crash which killed all five people on board on Monday.

Speculative buying lifts Malaysian palm oil

Speculative buying lifts Malaysian palm oil KUALA LUMPUR (Reuters): Speculative buying lifted Malaysia's palm oil futures on Tuesday on expectations that the government will soon announce the list of companies which will be allowed to export crude palm oil duty-free this year.

Rainy season should start in October, weather agency says

Rainy season should start in October, weather agency says JAKARTA (JP): With the weather in Indonesia settling into its normal pattern starting this month, this year's wet season should begin in October, the state Meteorology and Geophysics Agency (BMG) said on Tuesday.

Sepang offers F1 package

Sepang offers F1 package JAKARTA (JP): The Sepang International Circuit (SIC) is offering several packages for Formula 1 fans in Indonesia to attend the final race of the 2000 season at the Sepang circuit from Oct. 20 to Oct. 22.

Utut aims to finish 20th in Chess Olympics

Utut aims to finish 20th in Chess Olympics JAKARTA (JP): Indonesian Grand Master (GM) Utut Adianto has set a target of finishing 20th in the men's team competition at the 34th Chess Olympic Games in Istanbul in October."We want to improve our rank.

Properindo leases to expatriates

Properindo leases to expatriates JAKARTA (JP): City-owned property developer PT Sarana Wisesa Properindo officially offered expatriates on Tuesday the opportunity to lease 12 upmarket houses, a move aimed at giving the city an infusion of cash.The fully furnished houses stand on a 3.

Super Mitory boosting sales

Super Mitory boosting sales JAKARTA (JP): PT Super Mitory Utama, a publicly-listed producer of sports shoes, filament yarn and fabric mainly destined for the export market, expects much better sales this year due to higher polyester prices, the company said in a statement.

BCA has profit of Rp 606.73b

BCA has profit of Rp 606.73b JAKARTA (JP): Publicly listed Bank Central Asia (BCA) booked a pretax profit of Rp 606.73 (about US$71 million) during the first six months of this year compared to net loss of Rp 579.47 billion in the same period last year.The bank said its total assets increased 22.

Three civilians shot dead in Sorong clash

Three civilians shot dead in Sorong clash SORONG, Irian Jaya (JP): Three civilians were killed and nine others injured during a clash between supporters of the pro- independence movement and police officers on Tuesday.Official sources said that 38 civilians have been detained following the incident.

Where to go in Surabaya

Where to go in SurabayaExhibition * Design Exhibition at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), through Aug. 26.Performance * Concert: Surabaya Symphony Orchestra - Robin Clavreul (French Cellist), Jean-Paul Minelli Bella (French Arpeggina Player), Hansjorg Koch...

Hutchison, Petrochina, CNPC plan oil Web portal

Hutchison, Petrochina, CNPC plan oil Web portal HONG KONG (Reuters): Hutchison Whampoa Ltd, China National Petroleum Corp (CNPC) and PetroChina announced on Tuesday an agreement to establish a business-to-business (B2B) Internet portal for the oil and gas industry in China with total investment of...

Police tightlipped over ex-boss probe

Police tightlipped over ex-boss probe JAKARTA (JP): Officers at the National Police Headquarters were tightlipped on Tuesday about the questioning of former National Police chief, Gen. Roesmanhadi, over his alleged involvement in the embezzlement of Rp 300 billion (US$33.

Fate of Habibie's IPTN

Fate of Habibie's IPTNFrom KompasAs an Indonesian, I was very sad to learn the fate of the National Aircraft Industry (IPTN), which in the past decade was the prima donna of Indonesia's strategic industry, demonstrating the country's hi-tech leap into the 21st century.

Unemployment programs need coordination

Unemployment programs need coordination JAKARTA (JP): After three years of social safety net programs, unemployment in the country is a staggering 37 million and rising, a minister said.Last year's number stood at 36 million.

Finding comfort food at New York Deli in Jakarta

Finding comfort food at New York Deli in JakartaBy Grace Segran JAKARTA (JP): Things are not always what they seem. Nestled in the quiet back streets of Menteng, not flashy as the name might imply, the New York Deli offers simple lunch and "after-work" menus without the hassle of hotel lobbies and...

Children's rights campaign launched

Children's rights campaign launched BANDUNG (JP): About 40 non-governmental organizations (NGOs) launched on Tuesday a two-day campaign to raise the government's awareness of the need to protect children's rights.

Break-in at missing activist's house

Break-in at missing activist's house BANDUNG: A number of unidentified people broke into the house of missing activist Usep Setiawan here at noon on Tuesday, stealing important documents on his work at the Agrarian Reform Consortium (KPA), a television set and gold jewelry belonging to his wife.

Poso leaders bury hatchets for peace before Gus Dur

Poso leaders bury hatchets for peace before Gus Dur JAKARTA (JP): Leaders of warring Muslim and Christian communities from 15 districts in the Central Sulawesi town of Poso buried a buffalo head on Tuesday in a symbolic gesture of burying their hatchets and putting differences aside in order to...

City to assist grave exhumation of Priok victims

City to assist grave exhumation of Priok victims JAKARTA (JP): The City Administration is ready to assist the National Commission on Human Rights with its plan to exhume graves believed to contain victims of the bloody 1984 incident in Tanjung Priok, North Jakarta, an official said on Tuesday.

More militiamen enter E. Timor: UN

More militiamen enter E. Timor: UN DILI, East Timor (AP): Growing numbers of armed anti- independence militiamen are infiltrating East Timor, raising fears of more attacks on UN forces, a peacekeeping officer said on Tuesday.UN peacekeeping spokesman Norwegian Col.

Tripanusa, Priok Port sign deal

Tripanusa, Priok Port sign deal JAKARTA (JP): PT Tripanusa Dinamika has won a 15-year build, operate and transfer (BOT) contract to supply fresh water to ships stopping over in Tanjung Priok Port, North Jakarta.

C. Java rower fails drug test

C. Java rower fails drug test SEMARANG (JP): Central Java rower Djodi Winarso, the bronze medalist in the 15th National Games, was found guilty of using the banned substance penipropanolamin.A member of the Games antidoping commission, Cahyo Adi, said on Monday evening that should Central Java...

IBRA's asset sales

IBRA's asset sales As the exchange rate of the rupiah against the American dollar is still almost 70 percent lower than it was at the beginning of the economic crisis in late 1997 and most big and medium-scale businesses are in financial distress with huge sums of bad debts, Indonesia is supposed...

Councillors attack fare hike plan

Councillors attack fare hike plan BOGOR (JP): Bogor city councillors condemned on Tuesday the planned fare hike by angkot (public minivan) owners on Sept. 1 without the consent of Bogor City Council."The operators are selfish, thinking only of their interests without any consideration of the...

RI spikers win silver, bronze

RI spikers win silver, bronze JAKARTA (JP): The Indonesian men's beach volleyball team of Markodji and Irilkhun Shofanna finished second at the Asian Circuit championships in China from Aug. 17 to Aug. 21, while the women's team of Bertha Kaize and Agustina took third place.

Soeharto's trial at Ministry of Agriculture: Yusril

Soeharto's trial at Ministry of Agriculture: Yusril JAKARTA (JP): Minister of Law and Legislation Yusril Ihza Mahendra hinted on Tuesday that the trial of former president Soeharto on corruption charges would most likely be held in the Ministry of Agriculture offices in Pasar Minggu, South Jakarta.

Sapuan spends birthday at initial court hearing

Sapuan spends birthday at initial court hearing JAKARTA (JP): Former State Logistics Agency (Bulog) deputy chairman Sapuan spent his 56th birthday in a South Jakarta District Court room on Tuesday when he appeared as a defendant in the initial hearing of a Rp35 billion (US$4.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 22, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 675 -25 45,000 Adindo Foresta Indonesia 305 0 311,500 Alakasa Industrindo 815 0 0 Alfa...

Govt to facilitate efforts to procure new public buses

Govt to facilitate efforts to procure new public buses JAKARTA (JP): Governor Sutiyoso renewed his commitment on Tuesday to help public transportation owners procure new and environmentally friendly buses through a soft loan from a Chinese banking consortium.

The other side of RI's history

The other side of RI's history The following is based on a presentation by historian Asvi Warman Adam from the Indonesian Institute of Sciences (LIPI). It is based on a presentation for a symposium on East Timor and Indonesia, held in Portugal last month.

Police arrest businessman over murder

Police arrest businessman over murder JAKARTA (JP): Police have arrested a businessman over the murder of the secretary-general of the Jakarta-based Siliwangi Boxing Club, Erwin Sapta Wiradi, an officer said on Tuesday.Chief of Jakarta Police detectives Sr. Supt.

Asian currencies strengthen, focus stays squarely on rupiah

Asian currencies strengthen, focus stays squarely on rupiah HONG KONG (Dow Jones): Asian currency traders had attention focused squarely on a stronger Indonesian rupiah again Tuesday, although earlier buying gave way later to selling as cautiousness tempered underlying bullish sentiment.

New Cabinet in for tough challenges

New Cabinet in for tough challenges JAKARTA (JP): The new Cabinet will be confronted with five formidable tasks that must be solved immediately to bolster the ailing economy and ensure social stability, according to senior economist Emil Salim.

RI's bad image affects German investment

RI's bad image affects German investment JAKARTA (JP): The German-Indonesian Chamber of Commerce and Industry (EKONID) said on Tuesday that German investors were reluctant to enter Indonesia because of the country's bad image.

Prices rise as drivers' strike continues

Prices rise as drivers' strike continues MEDAN, North Sumatra (JP): The public transport drivers' strike here continued for a second consecutive day on Tuesday, creating new headaches for residents in the form of soaring prices for essential commodities.

Telkom reports lower earnings in first half

Telkom reports lower earnings in first half JAKARTA (JP): Publicly listed telecommunications company PT Telkom reported on Tuesday an unaudited net income of Rp 1.24 trillion (US$152.43 million) during the first semester of this year, down 15.2 percent from Rp 1.

Megawati 'fully involved' in new Cabinet planning

Megawati 'fully involved' in new Cabinet planning BANDUNG (JP): Minister of Mines and Energy Susilo Bambang Yudhoyono asserted on Tuesday the decisive role played by Vice President Megawati Soekarnoputri in the intensive lobbying and discussions ahead of the announcement of the new Cabinet later...

Govt to announce E. Timor mayhem suspects

Govt to announce E. Timor mayhem suspects JAKARTA (JP): The government on Wednesday will announce the names of suspects implicated in last year's violence in East Timor in spite of a controversial constitutional amendment that many feel has virtually shielded past human rights abusers.

Bank Bali to launch rights issue soon

Bank Bali to launch rights issue soon JAKARTA (JP): Publicly listed Bank Bali plans to launch its rights issue in late September to help raise Rp 5.3 trillion (US$646 million) in recapitalization funds, the bank said on Tuesday.

LG launches mobile service

LG launches mobile service JAKARTA (JP): Electronics manufacturer LG Electronics Indonesia, a subsidiary of the South Korean firm LG Electronics, launched on Tuesday mobile after-sales service for its customers in Jakarta and surrounding areas.

Meanings of educational professionalism

Meanings of educational professionalismBy Mochtar Buchori JAKARTA (JP): When a young journalist asked my opinion about the criteria for a "professional minister of education", I could not immediately reply.

Waniaindah's acquisition plan

Waniaindah's acquisition plan JAKARTA (JP): Publicly-listed PT Waniaindah Busana, which operates in the garment and electronics industries, announced on Tuesday a plan to acquire PT Texmaco Micro Indo Utama, a high- tech electronics manufacturer.

Insurance companies turn away from bank deposits

Insurance companies turn away from bank deposits JAKARTA (JP): The majority of life insurance companies in Indonesia increasingly are turning away from time deposits because of sharply falling returns, an industry executive said on Tuesday.

700 UI students face expulsion

700 UI students face expulsion DEPOK (JP): About 700 University of Indonesia students said on Tuesday they were ready to be expelled rather than pay an extra fee for the upcoming semester.Head of the UI students executive board Taufik Riyadi said he and his colleagues were preparing themselves to...

3 drug smugglers sentenced to death

3 drug smugglers sentenced to death JAKARTA (JP): Judge Asep Iwan Irawan of the Tangerang District Court handed down the death sentence on Tuesday for defendants Deni Setya Maharwan, 28, Ranni Andriani, 25, and Merika Franola alias Ola, 30, for being part of an international drug ring and...

Sumatra congress being prepared

Sumatra congress being prepared BANDAR LAMPUNG, Lampung: The Sumatra People's Congress to discuss autonomy for the island is expected to take place early next year, organizers said on Monday.Executive chairman of the Lampung Autonomy Council (MKL), Syafarudin, told Antara the non-governmental...

Dumping charges against China's motorbikes

Dumping charges against China's motorbikes JAKARTA (JP): The Indonesian Association of Motorcycle Assemblers & Manufacturers (Pasmi) filed a petition on Tuesday with the Anti-Dumping Committee of Indonesia (KADI) against all brands of imported motorbikes from China.

Walhi demands Freeport apologize for misleading info

Walhi demands Freeport apologize for misleading info JAKARTA (JP): The Indonesian Forum for the Environment (Walhi) demanded on Tuesday that mining giant PT Freeport Indonesia apologize to the public for spreading misleading information on a recent accident at its overburden dump.

Sjahril accuses Marzuki over wrongful detention

Sjahril accuses Marzuki over wrongful detention JAKARTA (JP): Lawyers for Bank Indonesia governor Sjahril Sabirin accused on Tuesday Attorney General Marzuki Darusman of wrongfully detaining their client over his alleged role in the Rp 546 billion Bank Bali corruption scandal.

IBM and Great Wall group launch $25 million venture

IBM and Great Wall group launch $25 million venture BEIJING (Reuters): U.S. computer giant IBM Corp and China Great Wall Computer Group announced on Tuesday the launch of a US$25 million plant in Beijing to make circuit boards for Nokia Corp mobile phones.

Japan woos Indian firms to mend strained ties

Japan woos Indian firms to mend strained ties BANGALORE, India (Reuters): Japanese Prime Minister Yoshiro Mori called on Tuesday for greater cooperation between Japanese and Indian technology firms to bolster a relationship soured by New Delhi's nuclear tests.

Indonesia hopes for 2 gold medals in Olympic Games

Indonesia hopes for 2 gold medals in Olympic Games JAKARTA (JP): Indonesia is hoping to win two gold medals in the Sydney Olympic Games next month, improving its achievement of four years ago in Atlanta, Georgia, when national shuttlers Ricky Subagja and Rexy Mainaky brought home the country's sole...

Total eradication of Soeharto's cronies

Total eradication of Soeharto's croniesFrom Rakyat MerdekaThe government of the republic of Indonesia with Abdurrahman Wahid (or Gus Dur) as president is what I call the government of stage III of the New Order. 1.

SPH sets up two television news units

SPH sets up two television news units SINGAPORE (AFP): Southeast Asia's leading publishing group Singapore Press Holdings (SPH) announced on Tuesday the setting up of two television news units, clearing the way for its foray into broadcasting next year.

Sexual attitude

Sexual attitude If we are discussing sexual attitudes in Indonesia today, let's set the record straight. After having read yet another article pertaining to this topic in Sunday's The Jakarta Post on Aug. 20, 2000, again western influence bears the brunt.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Aug. 22, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,605.00 8,605.00 8,064.00 8,146.00Australian dollar 1 4,478.58 5,071.79 4,748.89 4,801.25Austrian schilling 1 498.29 564.13 528.37 534.

Perbakin to select team for 2001 SEA Games

Perbakin to select team for 2001 SEA Games JAKARTA (JP): The Indonesian Shooting and Hunting Association (Perbakin) will select the team for the 2001 Southeast Asian (SEA) Games based on athletes' performances at three championships this year.

An emasculate cabinet?

An emasculate cabinet? From the beginning, after President Abdurrahman Wahid's apology in the recently concluded Annual Session of the People's Consultative Assembly (MPR), it had been emphasized that the new Cabinet which the two were to form should be free from political considerations.