Indonesian Political, Business & Finance News

Archive: 9 August 2000

54 articles found

Korea helps IBRA with asset disposal program

Korea helps IBRA with asset disposal program JAKARTA (JP): The Korea Asset Management Corporation (KAMCO) agreed here on Tuesday to help the Indonesian Bank Restructuring Agency (IBRA) sell the assets it has received from the former owners of the country's closed and recapitalized banks. KAMCO executive director Cheong Hong Kim said his office would share with IBRA some of its experience in managing distressed assets so as to help the latter accelerate the debt restructuring program.

Asia rebounding, but Indonesia lagging: Koehler

Asia rebounding, but Indonesia lagging: Koehler WASHINGTON (Dow Jones): Indonesia continues to lag its Southeast Asian neighbors in rebounding from the financial crisis of three years ago and President Abdurrahman Wahid must set a clear path to recovery, the head of the International Monetary Fund (IMF) declared Monday.

Official gets lost in the crowd

Official gets lost in the crowd JAKARTA (JP): Noted commentator Andi Mallarangeng may know his way around politics, but he seemed quite "lost" at a political venue like the House of Representatives compound. Speaking to journalists as he made his way around the complex, Andi suddenly realized he was lost. "Wait, we are heading for the door again! I was trying to get inside the plenary hall, not outside," Andi said with a smile.

Students urge law enforcement

Students urge law enforcement SURABAYA: Around 100 students from a number of universities staged a protest on Tuesday to demand the government focus on enforcing the law, particularly in the case involving former president Soeharto.

Ovarian cancer, a silent killer for Indonesian women: Study

Ovarian cancer, a silent killer for Indonesian women: Study JAKARTA (JP): Pouring talcum powder on your body just after a bath can make you feel fresh and fragrant. But, be careful, a study reveals that a woman who has used talc in her genital area for years may be at a high risk of developing ovarian cancer. Dr. Sjahrul Sjamsuddin, a gynecologist and oncologist at the Dharmais Cancer Hospital in Jakarta, explained that talcum powder has become part of a woman's life.

Aprilia, Bayu to join German Open

Aprilia, Bayu to join German Open JAKARTA (JP): Women's judoka Aprilia Marzuki and men's judoka Kresna Bayu will compete in the German Open judo championships in Frankfurt on Aug. 13 and Aug. 14 as a warm-up for the 2000 Olympic Games in Sydney. Indonesian Judo Association (PJSI) official in charge of athletes development Subardi Suar said on Tuesday the association had not set any specific targets for Aprilia and Bayu, who compete in the 70-kgs and 90-kgs divisions respectively.

Message from the Ambassador

Message from the Ambassador Today is Singapore's National Day. As we celebrate our 35th year of Independence, and Indonesia prepares to celebrate its 55th Independence Day on August 17, I would like to take this opportunity to highlight the key areas of cooperation between the two countries. Over the years, Indonesia and Singapore have built a strong and friendly relationship based on mutual trust and respect.

Half-hearted reform in TNI

Half-hearted reform in TNI From Jurnal Indonesia The larger part of the community is of the opinion that the Indonesian Military (TNI) has been half-hearted in undertaking its reform, which it kicked off in October 1998. This opinion is based on the fact that the military is yet to be pulled out of the political arena. Many military personnel are still occupying important positions which are actually reserved for civilians.

TV today

TV today TVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 Music 9:00 Interval 2:00 p.m. News 2:30 Children's Program 3:30 Music 4:00 News 4:30 Health Program 5:30 TVRI News (in English) 6:30 Cultural Program 7:00 Evening News 7:30 TV Drama 8:00 Sport 8:30 Talk Show 9:00 News 9:35 Economic News 10:00 Comedy 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.

Ruben, Danny into selection finals

Ruben, Danny into selection finals JAKARTA (JP): Grand Master (GM) Ruben Gunawan and International Master (IM) Danny Juswanto progressed on Sunday to the final of the 34th Chess Olympics Games national selection tournament here. Ruben improvised in the third move to respond to the Queen Hindu defense applied by FIDE Master (FM) Hamdani Ruben. But in the 29th move Ruben repeated his moves three times and in the 33th move he claimed a draw. Ruben ended with a 1.5-0.5 victory against Hamdani.

Traffic dispute ends in shooting

Traffic dispute ends in shooting BANDUNG: Twenty-eight-year-old Dedi Junaedi was shot in the leg by another motorist after becoming involved in a traffic dispute on Jl. Sukajadi here on Monday morning. Dedi was reportedly driving to an auto repair shop at about 10 a.m. when a speeding motorbike approached him from behind and swerved to avoid a pothole in the road. "I was startled and also tried to avoid the pothole. The driver of the motorbike, however, lost his balance and fell.

Photo album

Photo album Photo A: Stand JP/bay BOTTOMS UP: Golkar faction members Usman Ermulan (left) and A. Djahidin (right) sip from a glass of jamu herbal medicine at one of the stands in the People's Consultative Assembly compound. Photo B: Vehicle JP/bay INSIDE OUT: Police check a vehicle entering the grounds of the People's Consultative Assembly compound. All vehicles are being thoroughly inspected as a precautionary measure.

Cetro fights for direct presidential elections

Cetro fights for direct presidential elections JAKARTA (JP): A coalition of 12 organizations campaigning for a direct presidential election system in 2004 is taking its battle to the corridors of the People's Consultative Assembly (MPR) which convenes its Annual Session this week. The coalition grouped under the Center for Electoral Reform (Cetro) has set up an office at the business center of Hotel Mulia, where many of the 700 MPR members are staying for their 12-day annual session.

WB did not finance airport project

WB did not finance airport project On your column "Across the Archipelago" on Aug. 5, 2000, there was a story entitled Ketaping airport project "to resume". The fourth paragraph stated: "According to ICW, the airport project, which is to be funded by the World Bank, is tainted by corruption, collusion and nepotism (KKN)".

Mediterranean fusion at Tuscany restaurant, Bandung

Mediterranean fusion at Tuscany restaurant, Bandung BANDUNG (JP): After a day out on Shoe Street and Jeans Street, and having nasi Padang for lunch and gorging ourselves at every other es cendol and pisang goreng stall on the street, we decided to settle for something continental for dinner. "Wood fired pizzas" and "nightly buffets happenings" in the Events Newsletter in our hotel room was enough to draw us towards Tuscany's at the Sheraton Bandung that evening.

Officials suspect boar meat was dumped by suppliers

Officials suspect boar meat was dumped by suppliers JAKARTA (JP): Officials from the City Animal Husbandry Agency said on Tuesday they suspected the nearly one ton of wild boar meat found in a sewer in Kemayoran, Central Jakarta, on Sunday was dumped by distributors following a significant drop in demand for the meat.

Regional representatives demand their own faction

Regional representatives demand their own faction JAKARTA (JP): Regional representatives are stepping up their fight to be recognized as a separate faction and not to be merged with the factions of their respective political parties in the People's Consultative Assembly.

Asian currencies mostly up late on improved rupiah sentiment

Asian currencies mostly up late on improved rupiah sentiment SINGAPORE (Dow Jones): Improved sentiment toward the Indonesian rupiah pushed most Asian currencies higher late Tuesday, dealers said. The New Taiwan dollar was marginally higher after the central bank intervened, while the South Korean won recovered from Monday's steep decline. The Philippine peso and the Singapore dollar were steady late in the day after having relinquished earlier gains.

Police reenact events prior to bombing

Police reenact events prior to bombing JAKARTA (JP): As part of their ongoing investigation into last week's bomb blast outside the residence of Philippine Ambassador Leonides T. Caday, city police detectives reenacted on Tuesday the chronology of the incident on Jl. Imam Bonjol in Central Jakarta. It was not a full reenactment, however, as just a Suzuki minivan was put in place about one-meter to the right of the original blast site.

Legislator misses a beat on stage

Legislator misses a beat on stage JAKARTA (JP): Reading a faction's general response before a nationally televised audience is no easy task. It becomes even harder when all the eyes of the nation are upon you and the first page of what is supposed to be read is missing. Nurdiati Akma of the Reform faction looked quite distraught after she stepped in front of the podium to read her faction's official response and realized something was wrong.

Headline: So underwhelming

Headline: So underwhelming Amien Rais, leader of an important Indonesian political party, got it about right when asked to appraise President Abdurrahman Wahid's speech of apology yesterday to a highly critical parliament. He said that it was "okay". Such faint praise is just what Wahid deserves for the 85- minute address read on his behalf as the first annual progress report on his own performance in office. It was long on fine generalities, but short on specifics.

Constitutional crisis?

Constitutional crisis? The Second Amendment to the 1945 Constitution, now being discussed at the People's Consultative Assembly (MPR), is actually a series of alterations to Indonesia's basic law. The proposed amendment contains as many as 29 items, which if approved, will expand the 1945 Constitution from the present 37 articles to no less than 76. In contrast, the First Amendment, passed in October, contained 13 changes, but left the number of articles essentially intact.

Search for missing Aceh activist begins

Search for missing Aceh activist begins BANDA ACEH, Aceh (JP): Security authorities began searching on Tuesday for the chairman of the New York-based nongovernmental organization International Forum for Aceh (IFA), Jafar Sidik Hamzah. He was reported missing in the North Sumatra capital Medan on Saturday and it is feared he has been abducted. North Sumatra Police chief Brig. Gen.

Where to go in Surabaya:

Where to go in Surabaya: Exhibition * Design Exhibition at CCCL - French Cultural Center, Jl. Darmokali 10 (Phone: 031 5678639), through August 26. Performance * Concert: Surabaya Symphony Orchestra - Robin Clavreul (French Cellist), Jean-Paul Minelli Bella (French Arpeggina Player), Hansjorg Koch (German Pianist), at Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 545 4333), 8 p.m. to 10 p.m., August 25. Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl.

Books on Communism hot sellers at MPR

Books on Communism hot sellers at MPR JAKARTA (JP): The People's Consultative Assembly (MPR) may reject President Abdurrahman Wahid's call to revoke the 1965 decree prohibiting communism, but books on communism and leftist figures were the most popular sellers at a book kiosk on the Assembly compound. Among the most popular books available were on Frederick Engels, Che Guevara and leftist national figure Tan Malaka.

Luhut regrets govt ban on dot-com investors

Luhut regrets govt ban on dot-com investors JAKARTA (JP): Minister of Industry and Trade Luhut Pandjaitan said on Tuesday the recent ban of foreign investors in the country's nascent Internet sector was against the government's drive to attract foreign funds. The minister said the policy was a mistake and should be reviewed if Indonesia really wants to win back foreign investors' confidence.

Routine bomb sweep at AG office

Routine bomb sweep at AG office JAKARTA (JP): Following a series of bomb blasts and threats in the capital recently, the Attorney General's Office initiated on Tuesday a routine bomb sweep within the office compound, an official said. "I admit that state offices are easy targets for bomb threats and terrorism.

Cabinet changes likely this month: Alwi

Cabinet changes likely this month: Alwi JAKARTA (JP): President Abdurrahman Wahid is likely to reshuffle his Cabinet toward the end of the month after the Annual Session of the People's Consultative Assembly (MPR) closes on Aug. 18, a top government minister said on Tuesday. Foreign minister Alwi Shihab elaborated on the President's remark on Monday that there would be ministerial changes soon.

Bad quality of Tangerang water

Bad quality of Tangerang water We, Tangerang's residents, have long since subscribed to the Tangerang Drinking Water Company (PDAM Tangerang), but now the water quality gets worse every day which disappoints us. The water is blackish like gutter water and small worms can always be easily detected in the water. We are disinclined to use it directly for taking a bath, afraid of getting infected with skin disease, let alone using it for drinking water or cooking.

Political lies lead to disaster

Political lies lead to disaster Political structures built on lies, seen solid from the outside, will not last and will succumb to the forces of truth in the end. A book to that effect, mostly referring to the New Order, was launched on Sunday (August 6) by the Sinar Harapan publishing company. It contains views and statements by a leading member of the Indonesian Democratic Party of Struggle (PDI Perjuangan) and former banker before he became a minister in the reform cabinet.

Beware, crime at Cawang

Beware, crime at Cawang From Jurnal Indonesia Those passing through the Cawang traffic light, precisely on the crossroad between Jl. MT Haryono, Jl. D.I. Panjaitan, near the traffic light, must be careful as the area has of late been a very sensitive location for crimes. Many people have fallen victim to the brutality of robbers or snatchers disguised as street musicians or cigarette vendors. They daringly and openly threaten drivers by holding them up with a knife.

TNI set to write itself into Constitution

TNI set to write itself into Constitution JAKARTA (JP): The People's Consultative Assembly (MPR) is almost certain to write the political role of the Indonesian Military (TNI) into the 1945 Constitution under a compromise among the country's major political parties.

Malaysia's palm oil ends off lows

Malaysia's palm oil ends off lows KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed off the day's lows on Tuesday with players awaiting fresh developments on the possibility of duty-free exports. The benchmark third position October futures contract ended down six ringgit at 1,037 ringgit (US$272.89) a ton after trading as high as 1,045 ringgit. Volume was 462 lots compared with 772 lots at the close on Monday. "Once again we saw some deliberate buying," said one trader in Kuala Lumpur.

South Jakarta court receives dossiers on Soeharto

South Jakarta court receives dossiers on Soeharto JAKARTA (JP): With the decision on a location for the trial remaining unsettled, government prosecutors submitted the dossiers on former president Soeharto's alleged corruption to the South Jakarta District Court on Tuesday. "Insya Allah (God willing) ...

Transportation fares to rise next month

Transportation fares to rise next month JAKARTA (JP): Minister of Communications Agum Gumelar said here on Tuesday that new sea and land transportation fares would take affect beginning next month. The minister said that fare increases could not be avoided as the current charges were no longer enough to cover operational costs. Although the increases were still well below the level demanded by transportation operators, the hikes would improve margins for their operations, the minister opined.

Pertamina resumes Balikpapan refinery operation

Pertamina resumes Balikpapan refinery operation JAKARTA (JP): State oil and gas company Pertamina said on Tuesday operation of its refinery in Balikpapan, East Kalimantan, had resumed after a blast on Monday forced it to close one of its production facilities. Company spokesman Ramli Djaafar said the production facility Balikpapan II was operating at 65 percent of its capacity after it was shut down on Monday.

Defiant Anwar jailed nine years for sodomy

Defiant Anwar jailed nine years for sodomy KUALA LUMPUR (AFP): A Malaysian judge on Tuesday jailed ex- deputy premier Anwar Ibrahim for nine years for sodomy -- a sentence which could keep him behind bars till 2014. The sentence effectively dashes hopes of a political comeback by the charismatic Anwar, seen as the natural successor to Prime Minister Mahathir Mohamad until their dramatic falling-out.

Migrant settlers return to Java

Migrant settlers return to Java PADANG, West Sumatra: Hundreds of migrant settlers from several towns in Java left their lands at Pagai Utara Utara and Sipora area in Mentawai islands to return to their hometowns over a land dispute with the natives. Head of Regional Transmigration Office, Fachri Syam, said the settlers had lived at the site for about 15 years. His office, he added, is now attempting to stop the Javanese migrants and their families, still living at the site, from leaving.

Barring direct investment in Internet unwise

Barring direct investment in Internet unwise By Zatni Arbi JAKARTA (JP): As the Internet penetrates everyone's life, one of the major phenomena that it brings is the dot-coms that offer almost any conceivable type of goods and services through the web of sites: books, CDs, toys, computers, clothes, groceries, houses, airline tickets, cars, information, late-breaking news, you name it.

Soldier killed in fresh violence in Ambon

Soldier killed in fresh violence in Ambon AMBON, Maluku (JP): A trail of fresh violence continued to rock Ambon, leaving at least one soldier killed and four people injured, including one serviceman, officials said on Tuesday. Pattimura Military Commander Brig. Gen. I Made Yasa confirmed the death of Pvt. Ihwantoro of the 141st Sriwijaya Infantry Battalion who was shot in the head during an ambush in Hunuth village, about 15 kilometers north of Ambon on Monday at about 2:30 p.m. local time.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 8, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 655 0 0 Adindo Foresta Indonesia 305 0 310,000 Alakasa Industrindo 900 0 0 Alfa Retailindo 890 -5 38,500 Alter Abadi 265 -10 156,500 Alumindo Light Metal 1,250 0 0 Aneka Kimia Raya 345 0 9,500 Aneka Tambang (Persero) 1,200 5 1,194,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

KPC renews force majeure status as strike continues

KPC renews force majeure status as strike continues JAKARTA (JP): Coal mining company PT Kaltim Prima Coal said on Tuesday it had renewed its force majeure status with its customers as striking workers had made it impossible to continue coal shipments from its mine in the Sanggata regency, East Kalimantan. "Mining operations and conveying of coal to the port have been halted since the afternoon of Aug. 2, when several workers re- imposed an illegal blockade," the company's statement said.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Aug. 8, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

KL delegation to E. Timor

KL delegation to E. Timor KUALA LUMPUR (AFP): Malaysian Foreign Minister Syed Hamid Albar said Tuesday he would lead a delegation to East Timor to seek investment opportunities and help the violence-torn territory to develop. The three-day visit from Wednesday was part of a cabinet decision to find out what sort of help Malaysia could give East Timor, Syed Hamid was quoted by the official news agency Bernama as saying.

Indonesia supports declaration of Palestinian state

Indonesia supports declaration of Palestinian state JAKARTA (JP): Foreign Minister Alwi Shihab said on Tuesday that Jakarta would support the Palestinian leadership in its plan to unilaterally declare independence next month, but stressed that peace talks with Israel must continue. He also said, without elaborating, that Indonesia was prepared to play a role in the talks. "Indonesia will support Palestinian independence if it is declared on Sept.

Investigation into loan abuse to be accelerated

Investigation into loan abuse to be accelerated JAKARTA (JP): Attorney General Marzuki Darusman vowed on Tuesday to accelerate the investigation of some 48 commercial banks for the alleged misuse of government liquidity supports equivalent to billions of U.S. dollars. Marzuki said that his office would meet with the Finance Ministry and the Supreme Audit Agency (BPK) this week to make final preparations for the investigation.

L&M expects boost from RI

L&M expects boost from RI SINGAPORE (Dow Jones): L&M Group Investments Ltd. expects the acquisition of Van Der Horst Ltd.'s assets in Indonesia to boost its revenue by S$10 million for the current financial year, Marcel Tjia, executive director of L&M said Tuesday. This will increase L&M's revenue for the year ending Dec. 31 to S$30 million-S$35 million.

Gus Dur under fire at MPR

Gus Dur under fire at MPR JAKARTA (JP): President Abdurrahman Wahid came under fire on Tuesday from virtually every faction in the People's Consultative Assembly (MPR) for what they judged to be a lackluster first 10 months in office.

Welcoming new column

Welcoming new column I noted with interest the new weekly column "Opening up" which kicked off with an interview of Zannuba "Yenny" Arifah Chafsoh Rahman (The Jakarta Post, Aug. 6, 2000). Judging by questions put to Ms. Yenny (President Wahid's daughter), this column is designed to focus on personal matters rather than social and political opinions.

Zarkasih quits post at Taekwondo body

Zarkasih quits post at Taekwondo body JAKARTA (JP): Ahmad Zarkasih Hamid has resigned from his post of secretary-general of the Indonesian Taekwondo Association (TI) as of Aug. 1, saying he wanted to focus on his business. TI chairman Suharto appointed chief of student and college division Adrian Lumowa to replace Zarkasih until new management could be set up in the national congress in 2001.

Wal-Mart eyes Asia expansion

Wal-Mart eyes Asia expansion MANILA (AFX-ASIA): Wal-Mart Stores Inc is seeking to establish a retail firm in the Philippines and possibly make the country its depot for expansion in Asia, Trade and Industry Secretary Manuel Roxas II said. Roxas said Wal-Mart was encouraged by the imminent entry of the Casino Group of France into the local market via a stake in Uniwide Holdings Inc.

IBRA oversight body to review MSAA agreement

IBRA oversight body to review MSAA agreement JAKARTA (JP): The newly-formed oversight committee for the Indonesian Bank Restructuring Agency (IBRA) said on Tuesday it would review the controversial Master of Settlement and Acquisition Agreement (MSAA) signed last year by IBRA and former bank owners. Committee chairman Mar'ie Muhammad said that the main purpose of the review was to minimize potential losses to the government as a result of the agreement.

Supeni seeks fair decision in weightlifting evaluation

Supeni seeks fair decision in weightlifting evaluation JAKARTA (JP): Indonesian weightlifter Supeni expects a fair judgment in the final evaluation of Olympic Games qualifiers on Aug. 9 in Pringsewu, Lampung, and Aug. 14 at the Ragunan sports school in South Jakarta. Supeni said on Tuesday she would accept the results of the evaluation, whatever they were, as long as the process was fair. "As an athlete I only want to focus my attention on preparing for the Olympics in Sydney in September.

IBF questions PBSI over 'match fixing'

IBF questions PBSI over 'match fixing' JAKARTA (JP): The International Badminton Federation (IBF) has questioned the Badminton Association of Indonesia (PBSI) over alleged match fixing in the women's doubles between Indonesian players at the US$150,000 Sanyo Indonesia Open. PBSI Secretary-General Leo Chandra Wiranata said on Tuesday that a letter dated Aug. 4 was sent to PBSI after the Badminton Association of England sent a complaint letter to IBF about the suspected problem.