Indonesian Political, Business & Finance News

Archive: 4 August 2000

57 articles found

Bomb scare rattles Japanese diplomat's home

Bomb scare rattles Japanese diplomat's home MAKASSAR, South Sulawesi (JP): Bomb hoaxes in separate places, including the residence of the Japanese Consul General residence, alarmed the South Sulawesi capital of Makassar on Thursday.

AsiaOne, Asian Bourses tie up

AsiaOne, Asian Bourses tie up SINGAPORE (Dow Jones): SPH AsiaOne Ltd. said on Thursday it has established a strategic partnership with Asian Bourses Corp. Pte. Ltd. to develop a comprehensive investment and financial Internet portal.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 3, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 670 15 166,000 Adindo Foresta Indonesia 310 -5 246,000 Alakasa Industrindo 900 0 0 Alfa Retailindo 895...

Carrefour apologizes

Carrefour apologizes I refer to Angelina Putri's letter Taking note of prices at Carrefour published in The Jakarta Post on July 21, 2000. I would like to extend our sincerest apologies to you on behalf of all the management and staff of Carrefour for the unpleasant experience which happened to you...

Maj. Gen. Slamet installed as new city military commander

Maj. Gen. Slamet installed as new city military commander JAKARTA (JP): The capital received a new military commander on Wednesday when Maj. Gen. Ryamizard Ryacudu handed the post to his successor, Maj. Gen. Slamet Kirbiantoro.

Astaga secures US$1.5m from new investor

Astaga secures US$1.5m from new investor JAKARTA (JP): The Astaga Group, parent company of news portal Astaga!com and Internet firm Indonesia Online, announced on Thursday it had obtained new funding worth US$1.5 million from its new investor Hong Kong-based financial firm Capital Z Asia.

Evacuation of villages begins following unrest

Evacuation of villages begins following unrest AMBON, Maluku (JP): Police and military personnel started to evacuate about 2,000 residents on Thursday from ravaged Waai village and the Salahutu hill area in Central Maluku regency following savage attacks earlier this week.

Government bans export of urea fertilizer

Government bans export of urea fertilizer JAKARTA (JP): The government has banned the export of urea to prevent a shortage of the fertilizer at home, especially with the start of the planting season in October.

Exclusive right on geothermal resources lifted

Exclusive right on geothermal resources lifted JAKARTA (JP): The government has lifted the decade-long monopoly by state oil and gas company Pertamina on the country's geothermal resources and transferred the management of the resources to the regions.Under Presidential Decree No.

Indonesian TV cable industry gets much-awaited boost

Indonesian TV cable industry gets much-awaited boostBy Antariksawan Jusuf JAKARTA (JP): At this lethargic time when every economic actor is playing a wait-and-see game, Indonesia's cable industry got a much-awaited boost.

KL to step up war against piracy

KL to step up war against piracy KUALA LUMPUR (AP): Marine police have vowed to increase patrols along the Malacca Strait to snuff out bandit attacks in the busy sea channel, Malaysia's national news agency reported.

S&P affirms double-C rating on Paiton

S&P affirms double-C rating on Paiton JAKARTA (Dow Jones): Standard & Poor's Corp. on Thursday affirmed its double-C rating on Paiton Energy Funding B.V.'s US$180 million senior secured bonds which are guaranteed by PT Paiton Energy Co.The outlook remains negative, the ratings agency said.

Spatial planning needs proactive steps

Spatial planning needs proactive steps JAKARTA (JP): A central government official has urged the Jakarta administration and council to take proactive steps in ensuring suited implementation of city spatial planning ahead of regional autonomy.

Murdered reporter case reopened

Murdered reporter case reopened YOGYAKARTA: Local police on Thursday started the process of requestioning 20 witnesses in the 1996 murder of local Bernas daily reporter Fuad Mohammad Syafruddin alias Udin.

Soeharto formally charged with corruption

Soeharto formally charged with corruption JAKARTA (JP): Former president Soeharto was formally charged with corruption on Thursday following an exhaustive eight months of investigation.The Attorney General's Office handed over the case, including its jurisdiction to put Soeharto under house arrest,...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 3, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,315.00 9,315.00 8,771.00 8,859.00Australian dollar 1 4,864.28 5,458.59 5,131.04 5,191.37Austrian schilling 1 553.09 620.29 583.42 589.

Agri unit buys RI company

Agri unit buys RI company SINGAPORE (AFX-ASIA): Golden Agri-Resources Ltd said its unit PT Ivo Mas Tunggal has acquired PT Agropalma Sejahtera, which owns palm plantations in West Kalimantan, for a cash consideration of Rp 1.3 billion.

An act of terror

An act of terror The perpetrators of Tuesday's bomb attack on the Philippine ambassador's residence have shown a certain finesse in the timing of their act and target of their attack. However, whoever they are and whatever their motive, any acts of terror must be condemned.

Abdurrahman turns 60 today

Abdurrahman turns 60 today JAKARTA (JP): A simple gathering of family and friends will be held at Cipanas Presidential Palace, West Java, to commemorate President Abdurrahman Wahid's 60th birthday on Friday morning.

PT Pos maintains monopoly over postal services

PT Pos maintains monopoly over postal services JAKARTA (JP): The government will maintain the exclusive rights awarded to state-owned PT Pos Indonesia in providing postal services in the country.Director General of Post and Telecommunications Sasmito Dirdjo said here on Wednesday the state-owned...

Two Poso riot leaders arrested

Two Poso riot leaders arrested MAKASSAR, South Sulawesi: Two alleged leaders of the Poso riots, Dominggus Soares and Marimus, were arrested in a special military operation on Monday, officials said on Thursday.Chief of Peace Task Force on Poso riots Col. M.

MPR's Annual Session to cost Rp 25.7 billion

MPR's Annual Session to cost Rp 25.7 billion JAKARTA (JP): The coming 10-day Annual Session of the People's Consultative Assembly (MPR) is expected to cost the state Rp 25.7 billion (US$2.8 million).More than half of the funds will be used for hotel accommodation for the 700 members of the Assembly.

Obsolete regulation

Obsolete regulation One of the few New Order regulations I considered reasonable at the time of its introduction in the late 1980s, when rich people used to fly to Singapore or other places just for shopping -- namely that residents had to pay an exit tax when departing this country -- is a...

Court sentences Zimbabwean to eight years for heroin

Court sentences Zimbabwean to eight years for heroin JAKARTA (JP): The Central Jakarta District Court sentenced on Thursday Zimbabwean national Mecksom Ramson, alias Baba, 37, to eight years in prison and fined him Rp 5 million (US$560) for selling heroin through a go-between in December last year.

Allied forms Batam unit

Allied forms Batam unit SINGAPORE (AFX-ASIA): Allied Components International Ltd said it has formed a new unit, PT Allied Batam, in Batam, Indonesia.PT Allied Batam, which will have an authorized capital of US$290,000, is principally engaged in printed circuit board assembly.

GM opens automotive plant in Thailand

GM opens automotive plant in Thailand RAYONG, Thailand (DPA): General Motors (Thailand) opened a US$650 million automotive assembly plant in southeast Thailand on Thursday and called it a linchpin to the world's largest automotive company's expansion into the Asia Pacific region.

Woman jailed for chocolate bar

Woman jailed for chocolate bar BANDUNG, West Java: A 30-year old woman has been forced to spend nearly a week in the Regol police precinct's cell for allegedly stealing three chocolate bars worth Rp 6,000 from a local supermarket.

Politics played key role in military reshuffle

Politics played key role in military reshuffle The need for military support by the government and internal rivalry led to the latest military reshuffle, says military analyst Kusnanto Anggoro of the Jakarta-based Centre of Strategic and International Studies.

Firmer rupiah drives Asian currencies high

Firmer rupiah drives Asian currencies high SINGAPORE (Dow Jones): Asian currencies were firmer late on Thursday, basking in the Indonesian rupiah's ascent to a six-week high.Snapping out of its recent consolidation against the rupiah, the dollar skidded through one support level after another late...

Seeded players checked in selection tourney

Seeded players checked in selection tourney JAKARTA (JP): Three seeded men's players -- Grand Master (GM) Ardiansyah, GM Ruben Gunawana and International Master (IM) Danny Juswanto -- had a rough go of it on their first day of play at the 34th Chess Olympic Games national selection tournament on...

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Program 8:30 Music 9:30 Interval 2:00 p.m. News 2:30 Cartoon 3:00 Documentary 4:00 News 5:30 TVRI News (in English) 6:30 Music 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 World News 9:35 Music 10:30 NewsProgram 2 5:30 p.m.

Munir rues DPR's human rights stance

Munir rues DPR's human rights stance JAKARTA (JP): A combination of incompetence and legacies from past regimes are inhibiting the government from upholding the law and protecting human rights, a watchdog chairman said on Thursday.

Calls grow for int'l help in Maluku

Calls grow for int'l help in Maluku JAKARTA (JP): Calls for a foreign peacekeeping mission in the Maluku Islands grew here on Thursday following a National Commission on Human Rights (Komnas HAM) statement that the government should consider "international cooperation" to end the violence there.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Sculpture and Ceramic Exhibition Keanekaragaman Karsa dan Cipta, at Galeri Cipta II, Taman Ismail Marzuki, Jl. Cikini Raya 73, Central Jakarta; Phone: 3154087; through August 12, 10 a.m. to 9 p.m.

BI plans to lure export earnings back home

BI plans to lure export earnings back home JAKARTA (JP): Bank Indonesia (BI) will provide exporters incentives to lure their billions of dollar earnings parked overseas back home, acting governor of the central bank Anwar Nasution said on Thursday.

RI maid forced to drink bleach

RI maid forced to drink bleach KUALA LUMPUR (AFP): Malaysian police have arrested a housewife who allegedly forced her Indonesian maid to drink bleach after beating and scalding her, Bernama news agency said on Thursday.

Amendment to Constitution sparks criticism from experts

Amendment to Constitution sparks criticism from experts JAKARTA (JP): A noted constitutional expert has criticized the ongoing amendments being made by the People's Consultative Assembly (MPR) to the 1945 Constitution, saying the Assembly should form a new Constitution based on the current...

On illegal logging

On illegal logging Regarding your article on illegal logging in Tanjung Puting National Park (The Jakarta Post, July 27, 2000), we would like to correct two points.In a meeting with President Abdurrahman Wahid on July 25, 2000 the Environmental Investigation Agency (EIA) and Telapak Indonesia were...

Telkomsel upgrades networks

Telkomsel upgrades networks JAKARTA (JP): Local cellular network operator Telkomsel has awarded U.S.-based telecommunications company Motorola a contract worth US$27 million to upgrade its nationwide GSM900 cellular network.

Bonix, Juan win golds in 19th President's Cup

Bonix, Juan win golds in 19th President's Cup SANUR, Bali (JP): Indonesian boxers Bonix Saweho and Juan Saparipan won two gold medals for the country at the 19th President's Cup international amateur boxing tournament on Thursday.Albert Papilaya from Indonesia lost in the third round against R.

Most SOE commissioners inexperienced: Survey

Most SOE commissioners inexperienced: Survey JAKARTA (JP): More than 95 percent of commissioners at state- owned enterprises (SOE) are either senior government officials or military personal, according to a survey released here on Thursday.

Death demanded for alleged cocaine smuggler

Death demanded for alleged cocaine smuggler TANGERANG (JP): A prosecutor demanded the Tangerang District Court on Thursday sentence defendant Merika Franola, alias Ola, aged 30, to death and fine her Rp 1 billion (US$112,400) for allegedly attempting to smuggle cocaine and heroin out of Indonesia.

PDI-P opposes giving more power to MPR

PDI-P opposes giving more power to MPR JAKARTA (JP): A president should be allowed to serve his full five-year term in office without any interruptions, not even from the People's Consultative Assembly (MPR), the Indonesian Democratic Party of Struggle (PDI Perjuangan) said on Thursday.

Garuda's old 747's

Garuda's old 747's Recently Garuda put ads in your paper and others, expensive half-page, made by Matari advertising.This ad is surprisingly silly and detrimental to Garuda's image, since the focus is a photograph of an antique Boeing 747 of 17 or more years old, series 200.

Sepang's F1 aims to lure nearly 4,000 Indonesians

Sepang's F1 aims to lure nearly 4,000 Indonesians JAKARTA (JP): Sepang International Circuit (SIC) Sdn. Bhd. is aiming to attract nearly 4,000 Indonesians to watch the final leg of the 2000 Formula 1 Grand Prix series in Malaysia in October.

Gus Dur: No ordinary father

Gus Dur: No ordinary fatherBy Yenny Zannuba Rahman JAKARTA (JP): He took me aside that night. I still remember the urgency in his voice. He told me gently, "please be prepared if I'm taken away." I nodded and did not say anything. I could not.

Police arrest two men with fake banknotes

Police arrest two men with fake banknotes JAKARTA (JP): North Jakarta Police detectives arrested on Wednesday two men at a house on Jl. Kalibaru for possession of counterfeit money totaling Rp 5 million in new Rp 50,000 bills, an officer said on Thursday.North Jakarta Police detectives chief Asst.

Accountability speech needs 'clear criteria'

Accountability speech needs 'clear criteria' JAKARTA (JP): Experts and officials agreed on Thursday that councillors must establish a set of objective and valid criteria to assess the annual accountability speeches by regional administration heads.

MPR factions' accord quite a relief

MPR factions' accord quite a reliefFrom RepublikaThe accord of 11 factions of the People's Consultative Assembly (MPR) to curb tension among the national political elite, particularly in facing the annual MPR session, is a relief for the people at large.

Anton and Ismu to warm up in Indocement Cup open

Anton and Ismu to warm up in Indocement Cup open JAKARTA (JP): Men's table tennis players Anton Suseno and Ismu Harinto stayed low profile on their outside chance to win the fourth Indocement Cup open table tennis tournament.

Ambassador Caday denies knowledge about bomber

Ambassador Caday denies knowledge about bomber JAKARTA (JP): Philippine Ambassador Leonides T. Caday denied on Thursday saying he knew the people behind the devastating bomb in front of his house on Jl. Diponegoro in Central Jakarta.He was quoted by the Embassy consulate general, Narciso T.

Wang retains lead by one shot at Olympic Golf meet

Wang retains lead by one shot at Olympic Golf meet JAKARTA (JP): Wang Ter Chiang of Chinese Taipei remained top of the scoreboard on Thursday after carding a two-under-par 70 for a seven-under 209 after three rounds of play at the Olympic Golf Championships at Rancamaya Golf and Country Club in...

Ministers to discuss free trade

Ministers to discuss free trade BANGKOK (AP): Economic ministers of the 10-member Association of Southeast Asian Nations will meet in Thailand during Oct. 2-7 to discuss issues including the group's plans for a free trade area, the state Thai News Agency reported on Thursday.

Militiamen banned from entering MPR complex

Militiamen banned from entering MPR complex JAKARTA (JP): City police do not have the right to prevent Banser civilian militiamen from entering the city, however, they will take stern action if one illegally approaches the legislative complex during the Annual Session, a police officer said on...

Get outside help

Get outside help The National Commission on Human Rights (Komnas HAM) is not the first organization to appeal to the government to seek outside help in ending the bloody sectarian conflict in Maluku. Given its strong reputation in mediation efforts as well as its neutrality in the conflict,...

JSX delays plans for delisting measure

JSX delays plans for delisting measure JAKARTA (JP): The Jakarta Stock Exchange (JSX) said on Thursday it had delayed until Sept. 12 plans to delist four companies.The four companies are PT Super Mitory Utama, PT Dharmala Sakti Sejahtera, PT Daya Guna Samudra and PT Bintuni Minaraya.

Rp 1.86b lawsuit against former boss

Rp 1.86b lawsuit against former boss JAKARTA (JP): Seventeen reporters filed a Rp 1.86 billion (US$209,700) lawsuit with the Central Jakarta District Court on Thursday against chief editor Robinson Pangaribuan of Moneter Indonesia business daily for firing them without severance pay and without...