Indonesian Political, Business & Finance News

Archive: 12 September 2000

50 articles found

Where to go in Bandung:

Where to go in Bandung:Performances* Traditional Dance, Workshop by Rigas Dance Studio at Gedung Kesenian Rumentang Siang, Jl. Baranang Siang 1, Kosambi (Phone: 022 4233562), 3 p.m., Sept. 16-17. * Sundanese Traditional Music Competition, at Gedung Kesenian Rumentang Siang, 10 a.m., Sept. 19-20.

Youths call on government to ban luxury car imports

Youths call on government to ban luxury car imports JAKARTA (JP): Dozens of people calling themselves the Anti- Luxury Cars Movement (GAMM), staged a rally at the Jakarta Convention Center on Jl. Gatot Subroto, South Jakarta, on Monday demanding the government ban the import of luxury cars.

Investment climate key to recovery: BI

Investment climate key to recovery: BI MELBOURNE (Reuters):Indonesia's central bank acting governor on Monday declared that improvement in the country's investment climate was key to a sustainable recovery for its economy."We are very serious about improving the investment climate.

Few Malaysian visitors to RI

Few Malaysian visitors to RI JAKARTA (JP): Indonesia is not a very attractive place to visit for Malaysians compared to several other countries in the region, despite the close cultural ties between the nations, chairman of the Malaysian Association of Tour and Travel Agents (MATTA) Tunku Iskandar...

'It was Soeharto's order': Sutiyoso

'It was Soeharto's order': Sutiyoso JAKARTA (JP): Governor Sutiyoso, a retired three-star Army general, admitted on Monday that military personnel were assigned to take over the PDI headquarters on Jl. Diponegoro, Central Jakarta, on July, 27, 1996 after then president Soeharto had implicitly...

ASEAN warned of being sidelined

ASEAN warned of being sidelined SINGAPORE (DPA): ASEAN parliamentarians were warned on Monday the regional organization will be marginalized and relegated to the sidelines by international investors if it continues to be perceived as "weakened and drifting.

Bob Hasan's graft trial begins on Sept. 20

Bob Hasan's graft trial begins on Sept. 20 JAKARTA (JP): The multimillion dollar graft trial against timber tycoon and former president Soeharto's golfing buddy, Muhamad "Bob" Hasan, will begin on Wednesday next week at the Central Jakarta District Court, an official said on Monday.

One killed as group attacks school

One killed as group attacks school BOGOR (JP): A high school student was killed and another one severely injured when a group of armed scoundrels, allegedly from SMK YTKB high school in Pasar Mawar area, raided and attacked a public minivan in the crowded street of Jl.

Honor must be protected

Honor must be protected No prophet has ever prohibited any believer, man or women, to run, jump, throw, wrestle, knock or swim for the honor of his or her country or to compete for the glory of sports.But what begun about 500 BC in honor of Zeus, a god from Greek mythology, in Olympiad, Greece --...

Mini tennis tour for students

Mini tennis tour for students SEMARANG (JP): The Central Java chapter of the Indonesian Tennis Association is organizing a mini tennis tournament for elementary school students."We expect to recruit talented young players from the tournament.

Kerinci Seblat Park: Conservation vs economic interest

Kerinci Seblat Park: Conservation vs economic interestBy Yusran Edo Fauzi KERINCI SEBLAT, West Sumatra (JP): Conservation efforts at Kerinci Seblat National Park are being thwarted. The park, which straddles Jambi, West Sumatra, Bengkulu and South Sumatra provinces, has become a stage where the...

Housing complex residents rally

Housing complex residents rally JAKARTA (JP): Some 200 residents of the Angkasa Pura housing complex in Kemayoran, Central Jakarta, rallied at the Kemayoran New Town Authority (DPPPKK) offices on Monday, demanding the right to buy their houses.

Kamra wants legal status

Kamra wants legal status YOGYAKARTA: Some 700 members of People's Security (Kamra) civilian militia from Yogyakarta and the Central Java towns of Semarang, Surakarta and Klaten staged a street protest on Monday, demanding their status be clarified.

TV today

TV todayTVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 Music 9:00 TV Drama 10:00 Interval 2:00 p.m. News 2:30 Children's Show 3:30 Music 4:00 News 4:30 Talk Show 5:30 News (in English) 6:00 Sports 7:00 Evening News 7:30 TV Drama 8:00 Sports 9:00 News 9:30 TV Drama 10:30...

Indonesia cuts export taxes on CPO and products

Indonesia cuts export taxes on CPO and products JAKARTA (JP): Minister of Trade and Industry Luhut Pandjaitan said on Monday that the government had agreed to cut down export taxes on crude palm oil (CPO) to five percent and on its products to two percent.

Tension grips Pasaman after day of unrest

Tension grips Pasaman after day of unrest PADANG, West Sumatra (JP): Tension gripped Pasaman regency, located some 150 kilometers southwest of here, on Monday following an overnight riot involving thousands of locals in the Airgadang Simpang plantation area.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 11, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 690 60 483,000 Adindo Foresta Indonesia 245 -15 126,500 Alakasa Industrindo 695 -95 19,000...

Malaysian palm oil futures fall

Malaysian palm oil futures fall KUALA LUMPUR (Reuters): Falls in Chicago Board of Trade (CBOT) Project A screen trading wiped out earlier gains by Malaysian palm oil futures on Monday while August 1-10 export figures failed to remove worries about rising stocks in the coming months, traders said.

10 foreign fund managers eye Indonesia's debt market

10 foreign fund managers eye Indonesia's debt market JAKARTA (JP): Ten foreign fund managers with some US$5 billion in investment funds are on a visit here to take a closer look at the Indonesian debt market, a senior executive at a local investment firm said on Monday.

State firms 'must set aside' profit for the poor

State firms 'must set aside' profit for the poor JAKARTA (JP): The government announced on Monday it would order state-owned companies to contribute 1 percent of their net profit to poor families and small-scale enterprises.

Hotel workers demand management pay salaries

Hotel workers demand management pay salaries JAKARTA (JP): Dozens of Sari Pan Pacific hotel workers staged a rally in front of the four-star hotel's lobby on Jl. MH Thamrin in Central Jakarta on Monday, demanding that management pay their salaries, which have been unpaid since June.

More bodies of 'massacre victims' recovered in Poso

More bodies of 'massacre victims' recovered in Poso POSO, Central Sulawesi (JP): A fact-finding team investigating the recent sectarian riots here has recovered 19 more bodies in a ravine situated between Taipa and Bancea villages in South Pamona subdistrict, some 95 kilometers south of here.

House refuses to discuss bill on development plan

House refuses to discuss bill on development plan JAKARTA (JP): The House of Representatives on Monday postponed initial hearing on a bill on the National Development Program (Propenas) due to the absence of Coordinating Minister for the Economy Rizal Ramli.

Government to consider lifting ban on polygamy

Government to consider lifting ban on polygamy JAKARTA (JP): Minister of Religious Affairs Tolchah Hasan said on Monday that he would consider demands to end a ban on polygamy for civil servants which has been in force since the 1970s.

Kidnappers strike Malaysian resort, three abducted

Kidnappers strike Malaysian resort, three abducted KOTA KINABALU, Malaysia (Agencies): Gunmen have seized hostages from an east Malaysian dive resort in the second such kidnapping in five months and were headed by boat for the southern Philippines with their three captives, officials said on Monday.

Citra drivers want Organda dissolved

Citra drivers want Organda dissolved JAKARTA (JP): Some 1,000 taxi drivers staged a protest against the Jakarta office of the Organization of Land Transportation Owners (Organda) in Mayestik, South Jakarta, and later gathered at the compound of the legislators' building in Central Jakarta.

Probe on Jihad Force leader

Probe on Jihad Force leader AMBON, Maluku: Maluku Police chief Brig. Gen. Firman Gani said on Monday that his office was currently gathering evidence and statements from witnesses for the investigation of alleged provocateurs in the strife-torn province.

Asian, Middle Eastern gas producers told to cooperate

Asian, Middle Eastern gas producers told to cooperate PATTAYA, Thailand (AP): Asian and Middle Eastern gas producers should join hands to benefit from the growing market for gas fuel in Asia, especially in China and India, a top official said Monday.

The shackles of the farming life

The shackles of the farming lifeBy Muyanja Aba Ssenyonga YOGYAKARTA (JP): One day during a break in a Bahasa Indonesia class there was a seemingly relaxed boy in his late teens idling away under the acacia shade on the campus grounds.

Plan to buy buses from China opposed

Plan to buy buses from China opposed JAKARTA (JP): A transportation expert from Yogyakarta's Gajah Mada University, Heru Sutomo, urged the Jakarta city administration to be cautious in its plan to import buses from China.

PSF producers take EU row to government

PSF producers take EU row to government JAKARTA (JP): Makers of polyester staple fiber (PSF) products have called on the government to intervene after the European Union and Turkey imposed antidumping duties on their products.

Sydney-based Indonesians to support RI athletes

Sydney-based Indonesians to support RI athletes JAKARTA (JP): The more than 28,000 Indonesians living in Sydney are ready to throw their weight behind Indonesian hopefuls at the Sydney Olympic Games."The residents, about 6,000 to 7,000 of which are students, will give their support, especially to...

22 candidates named for election commission

22 candidates named for election commission JAKARTA (JP): The House of Representatives announced on Monday it had received a list of 22 candidates for the General Elections Commission (KPU) from President Abdurrahman Wahid.Deputy House Speaker A.M.

Thriving China to provide opportunities for HK: Rubin

Thriving China to provide opportunities for HK: Rubin HONG KONG (AFX-ASIA): Chairman of Citigroup Inc's executive committee Robert Rubin said a thriving economy in China will provide tremendous business opportunities for Hong Kong, although he added that the territory's importance will "diminish"...

Investing in RI companies

Investing in RI companies In the past few months many investors have complained about the lack of protection from capital market authorities, via radio, TV shows, etc., when the company they had shares in were delisted.

Myanmar tarnishes ASEAN's image

Myanmar tarnishes ASEAN's image MANILA: The Burmese (Myanmarese) military authorities have clamped severe restrictions on opposition leader Aung San Suu Kyi and her party colleagues after 200 police hauled them back to Rangoon (Yangon) last weekend from Dala, a suburb where they had been stopped...

Students enforce Indian oil blockade

Students enforce Indian oil blockade GUWAHATI, India (AFP): Production and transportation of crude oil in the northeastern Indian state of Assam was hit by thousands of student protesters Monday who demanded more jobs in the sector, officials here said.

Two explosive devices rock Aceh, police officer says

Two explosive devices rock Aceh, police officer says BANDA ACEH (JP): Two homemade bombs exploded at two separate locations in the Aceh capital of Banda Aceh early Monday morning, a police officer said.Aceh Besar police chief Supt.

Asian economies hit oil patch as prices stay high

Asian economies hit oil patch as prices stay high SINGAPORE (Reuters): Despite the weekend agreement by OPEC to boost output by 800,000 barrels per day, analysts envisage sustained high energy prices and a knock-on impact on highly oil- dependent Asian economies.

Gus Dur judges his trip to U.S. a success

Gus Dur judges his trip to U.S. a success JAKARTA (JP): Brushing off international condemnation of Indonesia's role in the deaths of three UN workers in West Timor, President Abdurrahman Wahid boasted on Sunday his visit to the United States was a diplomatic success.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Sept. 11, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,906.00 8,906.00 8,364.00 8,448.00Australian dollar 1 4,412.34 4,974.89 4,667.95 4,719.05Austrian schilling 1 498.88 562.31 527.78 533.

President's help sought in Sampang regent row

President's help sought in Sampang regent row SURABAYA (JP): The East Java administration will seek President Abdurrahman Wahid's help in handling a rift over the newly elected regent of Sampang, Madura, Governor Imam Utomo said on Sunday evening.

Bomb hoax rocks Yogyakarta

Bomb hoax rocks Yogyakarta YOGYAKARTA (JP): An unidentified man called the Yogyakarta Police early on Monday claiming that bombs had been planted on the campus of the University of National Development (UPN).First. Isnp. Junaidi received the call.

Ambarawa-Bedono Special steams again

Ambarawa-Bedono Special steams againBy Tjahjono Rahardjo SEMARANG (JP): It was midday at the railway station of Ambarawa, a small town in Central Java. The engineer sounded the shrill whistle of the locomotive.

East Timor case a whitewash

East Timor case a whitewashFrom Jurnal IndonesiaThe Attorney General's Office announced on Sept. 1, 2000, 19 "possible suspects" in the East Timor violence.General Wiranto and other leaders of the Indonesian Military, which were earlier recommended by the National Commission on Human Rights (Komnas...

PanAsia Paper inks contract

PanAsia Paper inks contract Singapore (Dow Jones): Singapore's PanAsia Paper Co., a major newsprint producer in Asia, said on Monday it has inked a three- year contract to supply up to 42,000 metric tons of newsprint a year to Singapore Press Holdings Ltd.

Thailand opens further to foreign investors

Thailand opens further to foreign investors BANGKOK (Reuters): The Thai Securities Exchange Commission said on Monday it would allow foreign investors to buy non-voting depositary receipts (NVDRs) for Thai shares within two months, widening investment options for foreigners.

Nandar's post as Indonesia's head coach still unclear

Nandar's post as Indonesia's head coach still unclear JAKARTA (JP): With only one month left to go to the 2000 Asian Cup in Lebanon, the Soccer Association of Indonesia (PSSI) remained tight-lipped on the fate of national coach Nandar Iskandar.

Cabinet meets over Atambua killings

Cabinet meets over Atambua killings JAKARTA (JP); Under international pressure following the killing of three UN workers in Atambua, East Nusa Tenggara, last week, President Abdurrahman Wahid called a special Cabinet meeting to discuss the latest situation in the area shortly after returning from a...

JAL to pay repairs to houses damaged by falling engine

JAL to pay repairs to houses damaged by falling engine JAKARTA (JP): Japan Airlines (JAL) announced on Monday it would pay for repairs to houses in three Tangerang villages that were damaged when engine parts from a Boeing 747 fell on them last week.