Indonesian Political, Business & Finance News

Archive: 13 September 2000

62 articles found

MPs to discuss prevention of military coups

MPs to discuss prevention of military coups JAKARTA (JP): International parliamentarians meeting in Jakarta next month will discuss ways of preventing military coups against democratically elected governments. The topic is one of the two main issues to be discussed during the 104th conference of the Inter Parliamentary Union (IPU) which Indonesia will host for the first time ever on Oct. 15-21.

Documents show Australia knew of E. Timor attack

Documents show Australia knew of E. Timor attack CANBERRA (Agencies): Australia knew in advance of the 1975 Indonesian invasion of East Timor and stood by for three days while Jakarta troops readied for the bloody event, secret documents released by the government revealed on Tuesday.

Deal on transgenic cotton seeds delayed

Deal on transgenic cotton seeds delayed JAKARTA (JP): Strong public pressure and concern over transgenic products have caused a postponement of an agreement between the government and American-based agrochemical and seed company Monsanto on the development of cotton seeds in South Sulawesi.

Citigroup plans major expansion in Asia

Citigroup plans major expansion in Asia SINGAPORE (AP): Asia will be a major target in U.S. financial services giant Citigroup's plans for global expansion, executive committee chairman Robert E. Rubin said on Tuesday. "Our strategy is to grow very aggressively in Asia," Rubin said at a conference in Singapore on electronic finance.

RP oil refiners raise pump prices

RP oil refiners raise pump prices MANILA (Reuters): Philippine oil refiners on Tuesday raised pump prices of politically-sensitive petroleum products by 45 to 47 centavos (around 1.0 U.S. cents) a liter to cope with the rising cost of crude and the weak peso. Officials of the country's three oil refiners also warned of more price hikes in coming months as crude prices were unlikely to come down soon. The latest increase, which excluded cooking gas, was the seventh this year.

Luxury automakers do brisk business at expo

Luxury automakers do brisk business at expo JAKARTA (JP): The Gaikindo Auto Expo 2000 ended here on Tuesday, with big names like DaimlerChrysler, Volvo, BMW, Audi and Ranger Rover reporting brisk business over the seven-day display. Deputy marketing director for DaimlerChrysler Indonesia Anto Nurdiyanto said that orders for the latest Mercedes C-Class model reached 500 cars, far higher than the company's initial estimate.

IOC defends lobbying on behalf of 'Bob' Hasan

IOC defends lobbying on behalf of 'Bob' Hasan SYDNEY (AP): The International Olympic Committee (IOC) Tuesday defended its right to lobby on behalf of a detained associate of former Indonesian dictator Suharto. In Jakarta, the Indonesian government sharply criticized the IOC for asking that Mohamad "Bob" Hasan be released so that he could attend IOC meetings and the Sydney Games. Hasan faces trial next week for allegedly embezzling US$87 million of state money.

KL palm oil rises despite govt forecast

KL palm oil rises despite govt forecast KUALA LUMPUR (Reuters): Some buying interest, aroused by overnight gains at the Chicago Board of Trade (CBOT), lifted Malaysian palm oil futures prices on Tuesday but players ignored the latest government forecast on palm oil output. Primary Industries Minister Lim Keng Yaik said Malaysia had lowered its forecast for palm oil output in 2000 to 10.6 million tons from a previous estimate of 11 million tons due to a decline in yield.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 12, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 720 30 654,500 Adindo Foresta Indonesia 240 -5 45,000 Alakasa Industrindo 695 0 0 Alfa Retailindo 855 -20 42,500 Alter Abadi 240 -25 76,500 Alumindo Light Metal 1,005 0 0 Aneka Kimia Raya 325 0 27,500 Aneka Tambang (Persero) 1,050 -10 281,500 Anwar Sierad 300 0 0 APAC Centertex Corp.

Minister to appoint acting Sampang regent

Minister to appoint acting Sampang regent JAKARTA (JP): The central government has decided to end the ongoing rift over the newly elected regent of Sampang in Madura island off East Java and appoint a caretaker while mediation activities are underway. Minister of Home Affairs and Regional Autonomy Lt. Gen. (ret) Surjadi Soedirdja said on Tuesday he would appoint an acting regent for Sampang regency if the two warring groups could not settle their problem themselves.

Marlev expected to help friends to reach final

Marlev expected to help friends to reach final JAKARTA (JP): Indonesian men's singles shuttler Marlev Mainaky is expected to smooth compatriots Taufik Hidayat and Hendrawan's path to Olympic gold.

Ismail tells court he is fall guy for Gen. Tyasno

Ismail tells court he is fall guy for Gen. Tyasno JAKARTA (JP): Defendant Ismail Putra, 59, told a court hearing on Tuesday that he had been set up by an Army general to take the fall in the Rp 19.2 billion (US$2.2 million) counterfeit money case. "The esteemed court must believe me when I say that I have been set up by Gen. Tyasno Sudarto," Ismail told the Central Jakarta District Court hearing, presided over by judge Poerwanto.

Explosion kills two in Padang

Explosion kills two in Padang PADANG, West Sumatra: Two oxygen factory workers were killed and two others were in critical condition on Tuesday when a pipe they were working on exploded. The dead men were identified as Junaidi and Andi, who worked for PT Ingasuta on Jl. Gurun Laweh. The injured workers, Nirwan and Muslim, are undergoing intensive care at Yos Sudarso Hospital. Witnesses said the blast took place when Junaidi was pumping oxygen into the pipe, which turned out to contain oil.

'Tempo' launches English version

'Tempo' launches English version JAKARTA (JP): The English version of Tempo weekly magazine hit newsstands on Tuesday with the first edition cover story headlined "Massacre in Atambua: The Ugly Militias".

Managing to maintain weight loss

Managing to maintain weight loss By Clare E. Urwin We took a break from the series on weight loss last week with a look at insomnia, which will have hopefully helped a lot of you night owls rest a little easier. But if it's weight loss you're after, don't despair. This week we feature the last article in the four-part series focusing, as promised, on weight management. SURABAYA (JP): Maintaining your new weight is the next important step.

Healthy food to maintain body weight

Healthy food to maintain body weight Question: Hi Clare ! For health conscious people living in Indonesia, it seems to be a tremendous problem to find a proper diet. It's hard to find the ideal ingredients for a balanced diet. Also, Indonesian food, tasty and alluring as it is, with its numerous variations, can clearly not be thought of as being healthy. Separating carbohydrates and proteins is a challenge.

Malpractice at hospital

Malpractice at hospital From Kompas I often accompany family or friends to Dr. Soetomo Public Hospital in Surabaya, East Java. Since the hospital is owned by the government, it is assumed the costs will be lower than at private hospitals. However, it turns out the state-owned hospital is a "mafia nest" that must be eradicated in this era of reform. Corruption, collusion and nepotism rage unchecked in the hospital.

Protect your child from sunburn

Protect your child from sunburn By Donya Betancourt SANUR, Bali (JP): Welcome to Indonesia, where sunburn is likely to be a major concern for you. Sunburn is a first degree burn and is easily treated. However, it is easier to prevent than to cure. Ultraviolet rays are invisible and the most harmful to the skin. They can also reach the skin through reflection from sand, water, sidewalks and grass.

Send in the marines

Send in the marines The government has finally decided to do what it should have done months and months ago: Disarm the gun-totting pro-Indonesia militias who have been terrorizing and killing not only East Timorese refugees but also international humanitarian workers. The decision announced on Monday came just three days after the United Nations Security Council condemned the deaths of three UN workers in the West Timor town of Atambua last week.

APRIL books 21% rise in net profit

APRIL books 21% rise in net profit JAKARTA (JP): Asia Pacific Resources International Holdings Ltd. (APRIL), which owns pulp and paper mills in Riau province, has reported a 21 percent increase in net profit to US$26.2 million in the second quarter, from $21.7 million in the first quarter. APRIL, which is listed in the New York Stock Exchange, said in a statement received here on Tuesday that its net sales increased to $159.4 million in the second quarter from $141.3 million in the first.

15-year term sought for Soemarjono

15-year term sought for Soemarjono SURABAYA: Prosecutor Donny Kadnezar asked the Surabaya District Court on Tuesday sentence Col. (ret) Soemarjono, the main defendant in a Rp 4.2 billion counterfeit case, to 15 years in prison. "Defendant Soemarjono, along with his close associates Hadi Suwito and Slamet Hardjo, committed a flagrant violation of Article 224 of the Criminal Code on counterfeit money," Donny said told the court.

Trikomsel offers SMS service

Trikomsel offers SMS service JAKARTA (JP): Mobile phone distributor PT Trikomsel Citrawahana introduced on Tuesday Short Message Service (SMS), allowing cellular users to send and receive messages to and from three existing GSM operators, namely, Telkomsel, Satelindo, and Excelcomindo.

'Rehabilitation better than jail' for Maya Sigit

'Rehabilitation better than jail' for Maya Sigit JAKARTA (JP): A psychiatrist for drug defendant Gusti Maya Firanti Noor, 29, the wife of former president Soeharto's grandson Ari Sigit, told a court hearing on Tuesday that the defendant would be better off in a rehabilitation center than in jail. "If the defendant ends up in jail, she might come out and start smoking shabu-shabu (crystal methamphetamine) again.

Four anti-Soeharto protesters injured

Four anti-Soeharto protesters injured JAKARTA (JP): At least four of the approximately 50 students staging an anti-Soeharto rally on Jl. Cendana in Central Jakarta on Tuesday were injured after hundreds of supporters of the former president attacked them.

U.S. policy on Papua

U.S. policy on Papua Regarding U.S. Ambassador Gelbard's letter U.S. does not support Papua (The Jakarta Post, Aug. 22, 2000), it is no surprise to learn that the U.S. government does not support the Papuan struggle for independence. In fact, it would be a bizarre change of policy for Washington to oppose Jakarta on this issue. However, I find it hard to believe that the ambassador can seriously deny Mr. Beanal's charge that the U.S.

WB urges end to W. Timor violence

WB urges end to W. Timor violence JAKARTA (JP): World Bank President James Wolfensohn urged Indonesian President Abdurrahman Wahid in a letter last week to halt violence in West Timor but he said nothing about any plans to cut further aid, the bank's country director here Mark Baird said on Tuesday.

Sutiyoso, Luhut to discuss imported buses from China

Sutiyoso, Luhut to discuss imported buses from China JAKARTA (JP): Governor Sutiyoso said on Tuesday he would meet with Minister of Industry and Trade Luhut B. Panjaitan to discuss the city administration's plan to import 3,000 buses from China. "I have to explain to Pak Luhut why we have to import the buses from China, and discuss whether the plan is feasible," Sutiyoso said on Tuesday, adding that the buses were affordable.

A cause for concern

A cause for concern The power that has been entrusted by the people to Gus Dur (President Abdurrahman Wahid) has so far produced many paradoxes. The President made every effort not to be unseated during the recent Annual Session of the People's Consultative Assembly. After that was achieved, though, no efforts were made indicating that a sense of crisis exists on the part of the government.

Catcha.com gets fresh fund

Catcha.com gets fresh fund SINGAPORE (AFX-ASIA): Catcha.com has received fresh investments from some of its existing shareholders, including Creative Technology Ltd and Oversea-Chinese Banking Corp, said Catcha.com chief executive officer Patrick Grove. Other shareholders making investments include Arboc Investments, Axiom Investments, Imperial One, Wearnes & Walden and members of management, he said. No financial details were provided.

Too much interference

Too much interference I read Kwik Kian Gie's personal rebuttal and interview in answer to his critics with great interest (The Jakarta Post, Sept. 3, 2000: Much-maligned Kwik answers his critics). While it may not be too easy to judge his performance during his brief 10 months in office as Coordinating Minister for Economy, Finance and Industry amid the extreme severity of our multi-dimensional crisis, I find his hasty replacement a loss for the country.

Nat'l boxing c'ships in Purwokerto

Nat'l boxing c'ships in Purwokerto SEMARANG (JP): The Indonesian Amateur Boxing Association's (Pertina) Central Java chapter will stage the national championships for pre-juniors, juniors and seniors in Purwokerto, Central Java, from Oct. 3 to Oct. 5. "I hope many clubs will compete in the championships especially from regencies in Central Java," said the chapter's chairman Kristanto on Tuesday.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 12, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Nine more players may join Asian Cup training

Nine more players may join Asian Cup training JAKARTA (JP): National soccer team coach Nandar Iskandar hopes nine additional players will take part in the final three weeks of training for the 2000 Asian Cup soccer tournament.

Farmers protest at university

Farmers protest at university BANDUNG: At least 600 farmers from Arjasari village in Banjaran, Bandung regency, rallied at Padjajaran University on Tuesday to stake their claim over a piece of land currently occupied by the state university. The farmers demanded the university return the 200-hectare plot of land, saying they wanted to cultivate it in order to survive the economic crisis.

AIA offers travel protection

AIA offers travel protection JAKARTA (JP): PT Asuransi AIA Indonesia, a member of the American International Group, launched on Tuesday a leisure protection product to travelers of between 17 years and 70 years old. The company's general manager PT Asuransi AIA Indonesia Chriss Lossin said that the worldwide travel protection called "Comfort AIA" offered personal accident coverage of between US$100,000 to $200,000.

Yogyakarta gets new police chief

Yogyakarta gets new police chief YOGYAKARTA: Deputy National Police chief Com. Gen. Bimantoro installed Brig. Gen. Logan Siagian as the province's top law enforcement officer on Tuesday and denied allegations that the change was aimed at disrupting an investigation into the killing of a local journalist in 1996. Bimantoro said Logan's replacement of Brig. Gen. Dadang Sutrisno was part of a major reshuffle affecting 35 senior officers.

People ran amok at Monas

People ran amok at Monas JAKARTA (JP): About 100 people ran amok at the National Monument (Monas), Central Jakarta, here on Tuesday as officials from the mayoralty and the Central Jakarta District Court came into conflict with street vendors prohibited from selling in the area. A tent, erected to accommodate summary court proceedings against street vendors apprehended for illegal trading, was torched during the fray. Several wooden chairs and desks inside the tent were also burned.

Asian defense weak after crisis

Asian defense weak after crisis SINGAPORE (AP): Asia's defense position has been weakened by the financial crisis that ravaged the region in 1997 and 1998, a Singapore official said on Tuesday. The crisis has "presented some particular challenges for defense establishments in the region," said Second Minister for Defense Teo Chee Hean.

Traders question new Glodok bridge space

Traders question new Glodok bridge space JAKARTA (JP): Dozens of traders of the former Glodok pedestrian shopping bridge, whose stores were burned and looted in the May 1998 riots, have questioned the help of the Jakarta authorities and central government in providing new retail space. According to coordinator of the traders Hendra, they had sent a letter to President Abdurrahman Wahid asking him to help settle the problems they faced in restoring their places of business.

Epson Cup organizers increase prize money

Epson Cup organizers increase prize money JAKARTA (JP): The fourth Jagorawi Japan Golf Foundation (JJGF) Open Golf Championships - Epson Cup will provide the biggest winnings so far for a local golf tournament with total prize money of Rp 270 million (US$31,700) up for grabs. "By providing high prize money, we hope there will be more competition for golfers.

Two nabbed in huge drug bust

Two nabbed in huge drug bust HONG KONG (AFP): An Indonesian man and a Hong Kong woman were arrested after a record seizure of 60,000 Ecstasy tablets worth 20 million Hong Kong dollars (US$2.57 million) at the international airport here, a customs spokesman said on Tuesday.

Osaka, Mitsui team up

Osaka, Mitsui team up TOKYO (Dow Jones): Osaka Gas Co. said Tuesday it will team up with Mitsui & Co. to form a 30-year forest plantation project in Western Australia starting in 2001. It will be the first overseas afforestation project conducted by a Japanese city gas company, Osaka Gas said. "Through this overseas afforestation project, we expect to get carbon dioxide emission rights," although no specific scheme on this has been decided yet, a spokesman for Osaka Gas said.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Children's Songs 8:30 Music 9:30 Interval 12:45 p.m. Women Soccer (live) 3:00 Music 4:00 Soccer (live) 6:30 Performance 7:00 Evening News 7:30 TV Drama 8:00 Sports 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. Religious Teachings 6:00 News 7:00 Music 9:00 Indian Film 12:00 p.m.

The Marcoses and cronies strutting again

The Marcoses and cronies strutting again MANILA: In 1986, the Marcoses fled the country in the wake of the people's pent-up wrath that had exploded in the Edsa revolution. The exuberant cry that spread throughout the land was "Free at Last!" There was dancing in the streets over the downfall of the hated tyrant. After 13 miserable years, the nation was finally rid of the despot and his ilk.

Standardization of hospital equipment urged

Standardization of hospital equipment urged JAKARTA (JP): In an attempt to meet massive domestic demand for affordable and secure health machinery, the Indonesian Hospital Association (Persi) called on Monday for the standardization of the country's health equipment.

Where to go in Surabaya

Where to go in Surabaya Music and Entertainment * The Westin Surabaya, Jl. Embong Malang 85-89 (Phone: 031 5458888): - Java Jimmy's Irish Pub: Live music, Sunday to Thursday, 6 p.m. to 2 a.m., Friday to Saturday, 6 p.m. to 3 a.m. * Hyatt Regency Surabaya, Jl. Jend. Basuki Rakhmat 106-128 (Phone: 031 5311234): - Lobby: Gamelan (Traditional Music), Monday to Thursday, 7 p.m. to 10 p.m., Solo Pianist, Monday to Sunday, 7 a.m. to 9 a.m., Friday to Saturday, 7 p.m. to 9 p.m. * Shangri-La Hotel, Jl.

Police accuse GAM of abducting officer's son

Police accuse GAM of abducting officer's son BANDA ACEH, Aceh (JP): The police accused members of the Free Aceh Movement (GAM) of kidnapping the son of the Aceh Besar police chief, Supt. Sayed Hoesainy. The boy has been missing since Aug. 28, 2000, a police officer said on Tuesday. The accusation was aired by Aceh Provincial Police chief Brig. Gen. Doddy Sumantyawan, while identifying the missing boy as 16- year-old Sayed Ikram, a high school student.

Shivering East Timorese secure warm welcome

Shivering East Timorese secure warm welcome SYDNEY (Reuters): East Timor's tiny team of athletes may huddle over their radiators on chilly spring nights, but their reception at the Olympics could not be warmer. Just existing is an achievement. Being here is a triumph for a quartet who lost all their belongings and training equipment in the conflict that ravaged their homeland and left it in ruins.

Nike: American dream on RI sweat

Nike: American dream on RI sweat By Donna K. Woodward MEDAN (JP): Once again Nike is in the news for its employee relations philosophy and local compensation schemes. Nike Indonesia's Manager Tony Naya responded in this paper to Jim Keady's campaign against Nike for its treatment of its Indonesian workers. I respect Keady's experiment in trying to put himself in the shoes (as it were) of the Nike workers by living for a month on what Nike pays them.

Grand Master Utut beats Irawanto in play-off

Grand Master Utut beats Irawanto in play-off JAKARTA (JP): Indonesia's Grand Master (GM) Utut Adiyanto managed to secure his way to the next round after beating FIDE Master (MF) Irawanto in a play-off match by 2.0-0.0 victory points at the Enerpac Masters Tournament in Bekasi. Utut, Indonesia's chess player with the highest Elo rating of 2584, beat Irwanto in the 50th move of the Slavian defense.

Soeharto's defense team okays foreign doctors

Soeharto's defense team okays foreign doctors JAKARTA (JP): Former president Soeharto's defense team said on Tuesday it had no objection to foreign doctors being used to give another opinion of their client's health. Mohamad Assegaf said judges might ask for a checkup by foreign doctors if they found that the assessments made by Soeharto's private medical team and the state-appointed team from Cipto Mangunkusumo General Hospital doctors were insufficient.

Australian businessman holds wife and employees hostage

Australian businessman holds wife and employees hostage SURABAYA (JP): Police besieged the house of an Australian businessman on Jl. Puncak Permai in Tandes on Tuesday after he opened fire on officers attempting to question him over an alleged swindle. The police still had the house surrounded as of 8 p.m. as they waited for an official from the Australian Embassy in Jakarta to arrive to negotiate with Peter Negal, 60, a supplier of luxury household goods.

Bomb hoax hits bank

Bomb hoax hits bank CILACAP, Central Java: A bomb hoaxer forced the state BNI 46 bank on downtown Jl. Ahmad Yani to close for five hours on Tuesday. Banyumas Police deputy chief Supt. Agus Yudanto said a man who identified himself as Suwondo called Cilacap Police station at around 6.30 a.m. and said he had planted a bomb somewhere in the bank. Cilacap Police chief Supt. Bambang Sudarisman ordered the building and grounds to be searched for bombs.

Trial of Bulog man to continue

Trial of Bulog man to continue JAKARTA (JP): The South Jakarta District Court ruled on Tuesday to continue with the trial of Sapuan, the man at the center of a Rp 35 billion (US$ 4.1 million) scandal at the State Logistics Agency (Bulog). Judge Lalu Mariyun overruled objections by Sapuan's lawyers, saying they were matters to be proven in subsequent trials. The former deputy chairman of Bulog is being charged under Article 374 of the Criminal Code on embezzlement.

Jl. Jaksa may be seedy but it has a heart

Jl. Jaksa may be seedy but it has a heart By Pandaya JAKARTA (JP): There is no other street in Jakarta as internationally well-known as Jl. Jaksa, a 500-meter one-way road near City Hall. Its fame, or infamy, also has spread among locals, though Jakartans and foreigners have very different ideas of the street. The road is lined by cheap hostels and unpretentious bars that bustle at night, and has been a popular spot for foreign backpackers and budget tourists for many years.

Govt backs policy on BRI corporate loan transfer

Govt backs policy on BRI corporate loan transfer JAKARTA (JP): The government defended on Tuesday its controversial policy requiring state Bank Rakyat Indonesia (BRI) to divest its corporate loans by the end of this year despite the bank saying it was unlikely to meet the target.

Three units of Salim Group to go public through IPOs

Three units of Salim Group to go public through IPOs JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) plans to sell three companies of the Salim Group through initial public offerings (IPOs) before the end of the year, according to an official at the agency.

KPKPN to audit Gus Dur's wealth

KPKPN to audit Gus Dur's wealth JAKARTA (JP): In compliance with the nation's paternalistic culture, the National Commission on State Officials' Assets (KPKPN) would audit President Abdurrahman "Gus Dur" Wahid's wealth as its top priority, an official said on Tuesday.

More suspects named in case of looted treasure

More suspects named in case of looted treasure JAKARTA (JP): After detaining a retired three-star general, police have named three more suspects in the illegal recovery of sunken treasure from the Gelassa Straits east of Sumatra, a police spokesman said on Tuesday. Speaking to the media, spokesman Sr. Supt.

GE launches e-shopping site

GE launches e-shopping site JAKARTA (JP): PT GE Finance Indonesia, a subsidiary of the United States-based GE Capital, launched on Tuesday an internet shopping site www.GetEkstra.com, offering some 300 products ranging from household appliances, electronics, computers to cameras. GE Finance's project director Mia Patria Bernardhi said shoppers could pay for their purchases by credit card or in installments of up to 24 months.

UN mission 'inappropriate'

UN mission 'inappropriate' JAKARTA (JP): The government on Tuesday said the UN Security Council's decision to dispatch a mission to Indonesia next week following the killing of three UN relief workers in Atambua, East Nusa Tenggara, was at this time "inappropriate".

ING Life responds

ING Life responds Referring to the letter submitted by Mr. Hans de Graaf (The Jakarta Post, Aug. 21: Insurance and illness), we would like to take this opportunity to express our deepest appreciation for the trust that has been placed in ING during the last six years by Mr. and Mrs. Hans de Graaf. During this period, both Mr. and Mrs.