Indonesian Political, Business & Finance News

Archive: 13 September 2000

62 articles found

Managing to maintain weight loss

Managing to maintain weight lossBy 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.

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...

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.

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.

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.

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.

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.

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.

'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.

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.

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.

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.

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.

Protect your child from sunburn

Protect your child from sunburnBy 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.

Malpractice at hospital

Malpractice at hospitalFrom KompasI 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.

Healthy food to maintain body weight

Healthy food to maintain body weightQuestion: 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.

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.

'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".

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.

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.

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.Former Indonesia coach Indra Gunawan, who now works with the Chinese Taipei squad, said after a...

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.

Stock quotations on JSX

Stock quotations on JSXStock 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...

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.

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.

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.

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.

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.

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.

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.

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.

Where to go in Surabaya

Where to go in SurabayaMusic 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.

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".

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.

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.

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.

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.

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.

Jl. Jaksa may be seedy but it has a heart

Jl. Jaksa may be seedy but it has a heartBy 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...

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).

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.

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.

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.

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.

Nike: American dream on RI sweat

Nike: American dream on RI sweatBy 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...

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.

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.

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.

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.

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...

TV today

TV todayTVRI 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 NewsProgram 2 5:30 p.m.

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.

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.

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.

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.

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...

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.

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...

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.

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.

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.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Sept. 12, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,975.00 8,975.00 7,235.51 7,311.84Australian dollar 1 4,446.86 5,008.95 4,702.24 4,753.34Austrian schilling 1 497.27 559.95 525.83 531.