Indonesian Political, Business & Finance News

Archive: 31 August 2000

58 articles found

Peace, calm yet to fully return to riot-hit Poso

Peace, calm yet to fully return to riot-hit Poso MAKASSAR, South Sulawesi (JP): Peace and calm have yet to fully return to riot-hit Poso with the possibility of fresh outbreaks. Wirabuana Military Command spokesman Lt. Col. Mulyono told The Jakarta Post on Wednesday that in general the situation was under control, however, based on police predictions, the town was not completely stable, despite a peace deal signed by the Sulawesi governors.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 30, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

House passes international agreements bill

House passes international agreements bill JAKARTA (JP): The House of Representatives on Wednesday officially passed a bill on international agreements which will give greater power to legislators to intervene in government decisions to enter into international agreements.

Policeman dies in Makassar brawl

Policeman dies in Makassar brawl MAKASSAR, South Sulawesi: Police Chief Sgt. Edi Guntoro was stabbed to death when he attempted to intervene in a brawl on Jl. Andi Pangeran Pettarani on Tuesday night. "Edi tried to disperse the crowd by firing warning shots, but the mob attacked him. Nearby residents tried to save him but he died en route to the hospital," said Makassar Regional Police chief Sr. Supt. Aryanto Boedihardjo on Wednesday.

U.S. says no concessions on Philippine hostage

U.S. says no concessions on Philippine hostage ZAMBOANGA, Philippines (Agencies): The United States said on Wednesday it would give no concessions to rebels holding an American hostage in the southern Philippines but formally asked Manila for help in securing his release. "We will not pay ransom, change policies, release prisoners or make any concessions that reward hostage-taking," said a statement from the U.S. Embassy in Manila on the kidnapping of Jeffrey Schilling, from Oakland, California.

Artist Tisna Sanjaya in search of peace

Artist Tisna Sanjaya in search of peace By Matdon BANDUNG (JP): When trying to get a good grasp of the ideas of Tisna Sanjaya, a 52-year-old graphic artist from Bandung, most would first raise their brows before finally comprehending his pristine ideas. Some may smile bitterly, laugh in pain or burst into tears for no apparent reason.

Balinese culinary tastes threaten endangered turtles

Balinese culinary tastes threaten endangered turtles By I Wayan Juniarta DENPASAR, Bali (JP): It was midnight. Putu Liza Kusuma Mustika, a turtle conservationist, was startled by a phone call from her colleague urging her to rush to the nearby Kuta beach. On the phone was Nyoman Gede Sugiharta, another conservationist, telling her that a rare olive ridley's (Lepidochelys olivacea), was spotted landing on the beach and had laid about 100 eggs.

NEAC steers the economy out of recession

NEAC steers the economy out of recession The National Economic Action Council (NEAC) was established in January 1998, six months after the onset of the crisis in mid- July following speculative attacks on the Thai baht. The setting up of the NEAC reflects firm commitment and also determination on the part of the government to deal with the worst-ever economic and financial crisis afflicting Malaysia and other countries in the region.

Merak-Bakauheni ferry fare hike

Merak-Bakauheni ferry fare hike MERAK, West Java: The passenger fare for the Merak-Bakauheni ferry will increase 52.5 percent from Rp 2,500 (about 30 US cents) to Rp 3,800. The fee for vehicles boarding the ferry which connects West Java and Lampung will increase to Rp 36,000 for private vehicles, Rp 42,500 for medium-sized trucks and Rp 56,900 for large trucks. The president director of PT Angkutan Sungai Danau dan Penyeberangan transportation company, Capt.

Recalling East Timor's mayhem

Recalling East Timor's mayhem By Aboeprijadi Santoso AMSTERDAM (JP): One year on, the killings and rampage by Army- backed militias following the vote for independence in East Timor, remain an intriguing issue with many questions left unanswered. The September mayhem marks one of the worst atrocities by Army elements since the 1965-66 bloodbath.

Mahathir warns against colonialism

Mahathir warns against colonialism KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad, in a speech to mark the 43rd anniversary of independence, said on Wednesday "foreign powers" were still bent on recolonizing the country. In a radio and television address before National Day on Thursday, Mahathir also accused "extremist" Chinese and Malay groups of fanning racial sentiments that could lead to confrontation.

Bank NISP expands lending by 74 percent

Bank NISP expands lending by 74 percent JAKARTA (JP): While most banks remain hesitant about lending to a corporate sector groaning under mountains of debt, publicly listed Bank NISP expanded its lending 74 percent to Rp 2.3 trillion (US$277.1 million) in the first semester of this year. Bank NISP president Pramukti Surjaudaja said here on Wednesday total loans outstanding as of June represented an even larger increase of 154 percent from the previous year.

Soeharto trial venue rocked

Soeharto trial venue rocked JAKARTA (JP): The South Jakarta District Court is due to begin the long-awaited trial of former president Soeharto on Thursday amid more uncertainty following an explosion adjacent to the trial venue late on Wednesday night. A parked yellow Koantas Bima city bus was left mangled by the explosion. No casualties were reported and there was also little damage to surrounding buildings. The bus was parked in front of the Mitra Karya auto repair shop on Jl.

E. Timor wants foreign troops to stay on

E. Timor wants foreign troops to stay on DILI, East Timor (Agencies): An independent East Timor should ask foreign troops to stay on after the United Nations pulls out if Indonesia does not rein in violent militias, an East Timorese leader said on Wednesday. Nobel peace laureate Jose Ramos-Horta said the international community had an obligation to help protect East Timor as long as pro-Jakarta militias based in Indonesian West Timor posed a threat.

Soeharto's trial

Soeharto's trial From a historical perspective, there seems to be only one lesson to be drawn from the trial of Indonesia's former strong man turned dictator, Soeharto. Do not stay in power too long and while in power do more for others than you do for your own clan and cronies. Otherwise, you will end up like Napoleon -- in solitary confinement, spiritually, politically and physically, in your bedroom or a prison cell.

Immorality in the media

Immorality in the media From Republika The dissolution of the information ministry by President Abdurrahman Wahid has spawned a lot of new mass media opportunities, including new television programs ranging from discussions and talk shows to entertainment. This new media environment encourages creativity. Unfortunately only a small number of people in the media try to be innovative and create new information products that are educative for the community.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 30, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 575 -45 6,500 Adindo Foresta Indonesia 260 0 196,500 Alakasa Industrindo 815 0 0 Alfa Retailindo 850 -10 89,000 Alter Abadi 250 -5 52,500 Alumindo Light Metal 990 -10 5,000 Aneka Kimia Raya 320 0 28,500 Aneka Tambang (Persero) 1,075 -40 1,053,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

UN agency resumes work in West Timor

UN agency resumes work in West Timor GENEVA (Agencies): The United Nations High Commission for Refugees has resumed operations in West Timor after a six-day suspension that followed an attack on three of its workers by militia members. The agency took its decision after Indonesian officials promised a thorough investigation and said two of the men involved in last week's attack had been arrested and will be charged in court.

'Floating trial' prepared for criminal offenders in Maluku

'Floating trial' prepared for criminal offenders in Maluku AMBON, Maluku (JP): Civil emergency administrator Maluku Governor Saleh Latuconsina said his office was preparing a "floating trial" for criminal offenders in the conflicts which have ravaged the islands. The trials would be held on board a Naval battleship or civilian vessel guarded by the security forces in a bid to speed up the law enforcement process in Maluku, Latuconsina told journalists here on Wednesday.

Short covering lifts KL palm

Short covering lifts KL palm KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed mostly higher on Wednesday as players took profits ahead of the Independence Day celebration. At the close on Tuesday, the benchmark third position November futures contract rose 10 ringgit to 1,003 ringgit ($261.32) a ton, after trading as high as 1,009. Volume was 1,526 lots against 1,076 at the close Tuesday.

Suharto on trial

Suharto on trial Having run its course, will Mr. Suharto's trial really restore some semblance of credibility to one of the most notoriously corrupt governments and judiciaries in Asia? President Abdurrahman Wahid is struggling in Indonesia's treacherous political waters. He has neither displaced Mr. Suharto's former ruling Golkar Party nor solidified his own political base. No doubt he hopes the trial will help shore up his support, but it could just as easily destabilize the situation.

Hugo Chavez's aspirations

Hugo Chavez's aspirations The tour by Venezuelan President Hugo Chavez through OPEC countries which finished last week has taken the president to visit the Iran of Mohammad Khatami, the Iraq of Saddam Hussein, the Libya of Moammar Gadhafi and the Algeria of Abdelaziz Bouteflika. Chavez also traveled to Indonesia, Suadi Arabia, United Arab Emirates, Qatar, Kuwait and Nigeria.

Christian wary of early hurdles for shuttlers

Christian wary of early hurdles for shuttlers JAKARTA (JP): Indonesian top coach Christian Hadinata said on Wednesday the world number two mixed doubles team, Tri Kusharjanto and Minarti Timur, stood a great chance to win a gold medal in the Olympic Games, should they overcome their tricky early hurdles. Christian warned that in such a big event like the Olympics, little known shuttlers could become dark horses for top-ranking positions.

Govt prepares Cyberlaw

Govt prepares Cyberlaw JAKARTA (JP): The government expects to finalize the draft of a new cyberlaw by the end of the year to provide legal assurance for business and transactions conducted over the Internet, Director-General of Post and Telecommunications Sasmito Dirdjo said on Wednesday.

Singh meets Rizal amid possible changes in reform

Singh meets Rizal amid possible changes in reform JAKARTA (JP): The International Monetary Fund (IMF) again vowed on Wednesday to continue supporting Indonesia despite signs that the new chief economics minister wanted some changes in the IMF-sponsored economic reform program.

On capital punishment

On capital punishment From Jurnal Indonesia Tangerang District Court's decision to hand out the death penalty to a drug dealer deserves to be hailed. In the midst of legal uncertainties, there are still judges who make determined verdicts, and ones in accordance with the law. For a long time drug dealers and users have only received light sentences, triggering people to distribute drugs like shabu-shabu, heroin, marijuana and the like. That is why drugs have widely spread everywhere.

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), 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 Oct. 2. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m. * Museum Puri Lukisan, Jl.

Dutch warned not to internationalize Maluku conflict

Dutch warned not to internationalize Maluku conflict JAKARTA (JP): Indonesia has strongly warned the Netherlands not to internationalize the Maluku conflict because such a course of action could endanger its bilateral relations with Indonesia, Minister of Foreign Affairs Alwi Shihab disclosed on Wednesday.

Govt announce investor update on telecommunications

Govt announce investor update on telecommunications JAKARTA (JP): Foreign investors can only own up to 49 percent interest in local communication companies that provide telephone infrastructures and call services, Director-General of Post and Telecommunications Sasmito Dirdjo said on Wednesday. Sasmito said foreign investors were allowed to have majority ownership of up to 95 percent only on local communication companies that provide non-basic or value-added products and services.

Oil stays high, defying U.S. crude stock increase

Oil stays high, defying U.S. crude stock increase LONDON (Reuters): Blazing oil prices showed no signs of retreating on Wednesday, trading steady despite reports of a big increase in U.S. crude stocks as fears of heating oil shortages this winter in the West mounted. International benchmark Brent crude futures for October delivery were trading eight cents down at $31.28 while U.S. light crude futures were 12 cents down at $32.62.

UI rector says he will not compromise with students

UI rector says he will not compromise with students JAKARTA (JP): University of Indonesia (UI) rector Asman Budi Santoso said on Wednesday he would not compromise with students refusing to pay extra school fees. "Those who still refuse to pay the Education Quality Improvement Fund (DPKP) will not be allowed to attend classes. There's already a rule on that," Asman told The Jakarta Post at Cipto Mangunkusumo General Hospital.

Tolerance

Tolerance I lived in Indonesia in the 1980s and visit the country as often as personal finances allow. I write this in Jakarta after a wonderful trip through Central and East Java, seeing sights both exciting and humbling. The fact that we could make the trip at all is thanks to the great progress made in Indonesia's societal organization.

Message from the Ambassador

Message from the Ambassador Today Malaysia celebrates the 43rd anniversary of its independence. All Malaysians have a special reason to rejoice on this day. This is the first national day celebrated in the new millennium. It comes at a time when the country's economy is rebounding robustly following the recent region-wide crisis. Much of this comes through the country's self-discipline, hard work and trusting the capability of its own people.

Astra, Honda Motors set up joint venture

Astra, Honda Motors set up joint venture JAKARTA (JP): Publicly listed PT Astra International and Japan-based Honda Motors Corp. Ltd. announced on Wednesday the establishment of a joint venture in a bid to boost the two companies' motorcycle production. Speaking at a media conference, Astra president Theodore Permadi Rachmat said the two companies' existing joint ventures -- PT Honda Federal and PT Federal Motor -- would be merged into the new joint venture, called PT Astra Honda Motor.

Discover the beauty of Malaysia

Discover the beauty of Malaysia Tourism in Malaysia has undergone rapid development over the past years. The industry has grown stronger and stronger to become a leading revenue generator as well as making a significant contributor to the nation's economic growth. As a tourist destination, Malaysia has been attracting millions of visitors over the years.

Night spots refuse to reopen

Night spots refuse to reopen TANGERANG (JP): Night spot owners are reluctant to rebuild their businesses after the May 1998 riot which destroyed many of the buildings, a hotel executive said here on Wednesday. "Based on our experience, we'll have to think twice before building singing halls and discotheques," an executive of Istana Nelayan Hotel, Peter Djasman, told reporters.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Program 9:00 Interval 2:00 p.m. News 2:30 Children's Program 3:00 Documentary 3:30 Music 4:00 Regional News 4:30 Talk Show 5:30 TVRI News 6:30 Religious Teachings 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 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. Religious Teachings 6:00 News 7:00 Music 7:30 Music 9:00 Indian Film 12:00 p.m.

A new partnership

A new partnership The new division of tasks between President Abdurrahman "Gus Dur" Wahid and Vice President Megawati Soekarnoputri marks a new partnership which should plug one of the chief deficiencies of the government. It promises a new beginning for the government whose performance has been criticized as lackluster at best. It is now clear that one of the problems with Abdurrahman's presidency has been his physical disabilities, particularly his impaired vision.

Bali police nab alleged drug couriers

Bali police nab alleged drug couriers DENPASAR, Bali: Tabanan Police arrested two alleged drug couriers on Wednesday morning and seized at least 1.88 kilograms of shabu-shabu (crystal methamphetamine) in Kediri, some 10 kilometers west of Denpasar, an officer said. The drugs are believed to belong to one of the biggest drug dealers on the island, Bali Police chief of detectives Sr. Supt. Bambang Hendarso said. "At around 12:45 a.m.

PKB calls for probe into affair slander

PKB calls for probe into affair slander JAKARTA (JP): The National Awakening Party (PKB) urged on Wednesday a police investigation over parties spreading defamation against President Abdurrahman Wahid who was alleged to have had an extramarital affair in the past. "We support a police investigation against parties spreading slander against the President," PKB's faction secretary at the House of Representatives Abdul Khaliq Ahmad said as he read a party political statement.

Groups press councillors to fire Governor Sutiyoso

Groups press councillors to fire Governor Sutiyoso JAKARTA (JP): Some 200 activists from six groups staged rallies at the City Council compound on Wednesday demanding that councillors dismiss Governor Sutiyoso over his failure to maintain order in the capital and his alleged involvement in the July 27, 1996 incident.

Indonesia, Iraq set up early soccer final's match

Indonesia, Iraq set up early soccer final's match JAKARTA (JP): Indonesia and Iraq assured themselves of tickets for the final after scoring 1-0 wins each in their second matches of the Independence Cup soccer tournament at Senayan Stadium here on Wednesday. Midfielder Bima Sakti slammed the winner for Indonesia in the 30th minute as the host team found that its flurry of attacks were met with a solid China Taipei defense.

Asian monies generally down but Korea won bucks trend

Asian monies generally down but Korea won bucks trend SINGAPORE (Dow Jones): Most Asian currencies were weaker late Wednesday as the sagging Indonesian rupiah continued to unsettle its Southeast Asian counterparts. In contrast, the South Korean won outshined its regional peers as dollar-selling by exporters propelled the currency to a four- month high.

PDI Perjuangan meets to maintain party unity

PDI Perjuangan meets to maintain party unity JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) Chairperson Megawati Soekarnoputri assembled party legislators here on Wednesday and instructed them to maintain unity amid speculation of a growing internal rift.

Setiabudi reports losses

Setiabudi reports losses JAKARTA (JP): Publicly listed PT Jakarta Setiabudi Property (JSP) suffered a net loss of Rp 148.05 billion (US$17.8 million) in the first semester of 2000 compared to a net profit of Rp 125.6 billion in the same period last year in spite of higher revenue. Revenue during the six months amounted to Rp 169.3 billion, up from Rp 165.4 billion a year earlier, largely from the hotels it operates.

Police 'must wait' until missing activists recover

Police 'must wait' until missing activists recover JAKARTA (JP): A human rights campaigner protested on Wednesday the City Police's plan to summon the four activists of the Agrarian Reform Consortium (KPA), who had allegedly been abducted, for questioning, suggesting that the police wait until the activists recover from their mental trauma. "The police look keen in their effort to deal with the case. But, we have warned them that the four activists have yet to recover from their mental trauma.

Ashram Gandhi Candi Dasa offers spiritual enlightenment

Ashram Gandhi Candi Dasa offers spiritual enlightenment By Dewi Anggraeni CANDI DASA, East Bali (JP): Mention Bali to most tourists and they will very likely come up with stories about their stays in Kuta, Sanur, Ubud or Nusa Dua, probably in that order as well. Another place which is increasingly gaining a reputation for its upmarket tourist industry is Candi Dasa, on the east coast of Bali some 80 kilometers northeast of Denpasar.

Ownership of PT Smelting

Ownership of PT Smelting In The Jakarta Post on Aug. 26 it was mentioned that PT Smelting, one of the companies recently inaugurated by President Abdurrahman Wahid, was owned by PT Petrokimia and PT Semen Gresik. We object to this news because it is not true, and will cause wide misunderstanding among your huge numbers of readers, which include our customers and suppliers. The true ownership of our shares is as follows: 1. Mitsubishi Materials Corporation: 60.5 percent 2.

Two Asian records broken in Jakarta athletic c'ships

Two Asian records broken in Jakarta athletic c'ships JAKARTA (JP): In the absence of the continent's best, two championships records were shattered on Wednesday to lend some relief to the 13th Asian Track and Field Championships. After three days of competition, a total of three new meet records have been produced, thanks to Sri Lankan runner Damayanti Darsha who won the women's 400 meters and China's Li Hong who snatched victory in the women's 10-kilometer walk on Wednesday.

No international rights inquiry: Minister

No international rights inquiry: Minister JAKARTA (JP): Minister of Foreign Affairs Alwi Shihab said on Wednesday the government was adamant it would not accept an international inquiry into alleged rights abuses in East Timor, but was still open to the possibility of accepting foreign prosecutors and judges in the eventual trial.

IBRA announces sale of seven Salim oleochemical firms

IBRA announces sale of seven Salim oleochemical firms JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) announced on Wednesday that it would sell seven oleochemical companies pledged by the Salim Group conglomerate. Head of IBRA asset management investment division Thomas Lembong said that companies would be sold in one package through a two-stage bidding process which was expected to be completed before the end of this year.

S'pore tourists up 12%

S'pore tourists up 12% SINGAPORE (Dow Jones): Tourist arrivals in July rose 12 percent on year to an all-time high of 706,318, with double-digit growth in tourists from Africa, the Americas and Asia, the Singapore Tourism Board said on Wednesday. The STB said the number of tourists from Australia, China, UK, U.S., South Korea, Hong Kong and India rose to an all-time high. Arrivals from Indonesia rose 18.4 percent, Japan 13.8 percent and China 11.6 percent, it said.

Indonesia overseas investment hits $6.37 billion

Indonesia overseas investment hits $6.37 billion JAKARTA (JP): Indonesia's direct overseas investment reached a total of US$6.37 billion in June, only slightly lower than the $7.15 billion in direct foreign investment recorded in the same month, Bank Indonesia reported on Wednesday. Bank Indonesia deputy governor Achjar Iljas said that although the investment made by Indonesian residents overseas appeared to be high, capital flow still recorded a surplus.

Rebel shot dead in Aceh skirmish

Rebel shot dead in Aceh skirmish BANDA ACEH, Aceh: An alleged member of the separatist Free Aceh Movement (GAM) was shot dead during an armed skirmish with a joint patrol in Buloh Blang Ara village, North Aceh, on Tuesday, police said on Wednesday. Muhammad Jafar, 40, was killed in the clash that ensued after GAM members threw a grenade at security forces on patrol in the area, North Aceh Police chief Supt. Abadan Bangko said.

Team exhumes remains of two Tanjung Priok victims

Team exhumes remains of two Tanjung Priok victims JAKARTA (JP): A joint team of forensic experts, police and members of the National Commission on Human Rights (Komnas HAM) on Wednesday exhumed the remains of two bodies which are believed to be the victims of the 1984 Tanjung Priok incident and concluded provisionally that the men had been buried improperly. Leading the team at the Mengkok cemetery in Semper, North Jakarta, Maj. Gen.

The leading figures in Soeharto's trial

The leading figures in Soeharto's trial By Tertiani Simanjuntak JAKARTA (JP): Dubbed by many as a milestone in the country's law enforcement history, the hearing of former president Soeharto's alleged corruption case to begin today involves a panel of five judges and eight prosecutors. From the defendant's side, a team of eight, mostly senior lawyers, are ready to argue to protect their client from all charges.

Qantas bolsters Jakarta-Sydney route

Qantas bolsters Jakarta-Sydney route JAKARTA (JP): Australian airline Qantas Airways Limited will operate two Boeing 747 airplanes to anticipate a surge in passengers in its Jakarta-Sydney route during and after the upcoming Olympic Games. Qantas General Manager for Indonesia John Campbell said that one of the 300-seater jets had started to fly the route to bring in athletes and tourists to the sports event which will be officially opened in Sydney on Sept. 15.

Government urged to lift decree on houses of worship

Government urged to lift decree on houses of worship JAKARTA (JP): Religious figures have called on the government to revoke a controversial joint ministerial decree which requires a government permit before a mosque, church, temple or other houses of worship can be constructed. They charged it was against the 1945 Constitution, which guarantees freedom of religion.