Indonesian Political, Business & Finance News

Archive: 16 September 2000

52 articles found

PT KAI lacks courage to punish employees, Minister Agum says

PT KAI lacks courage to punish employees, Minister Agum says BANDUNG (JP): Minister of Transportation and Telecommunications Agum Gumelar criticized on Friday the state railway operator PT KAI for lacking the courage to punish errant employees.

RI firms clinch $1.5m sales

RI firms clinch $1.5m sales JAKARTA (JP): Five Indonesian companies producing furniture and handicrafts, clinched sales worth around US$1.5 million in London during a gathering organized by the Indonesian Embassy on Wednesday.

1975 murders to be investigated

1975 murders to be investigated DILI, East Timor (AP): The United Nations has opened an investigation into the deaths of five foreign newsmen killed during Indonesia's invasion of East Timor in 1975, a UN official said on Friday.On Oct.

Duty on airplane parts lifted

Duty on airplane parts lifted JAKARTA (JP): The government has lifted the duty on the imports of materials, spare parts, components and tools for airplanes for a year in a bid to promote the country's aircraft maintenance industry.According to a decree issued by the minister of finance dated Sept.

Hotel, building owners gear up for bombings

Hotel, building owners gear up for bombings JAKARTA (JP): While no one can predict when and which buildings could be bomb targets, operators and management of buildings and hotels in the capital have taken preemptive and responsive measures in anticipation of such acts of terror.

High oil prices likely to dominate APEC summit

High oil prices likely to dominate APEC summit KUALA LUMPUR (AFP): High oil prices which could derail East Asia's economic recovery will be one of the main topics when Asia-Pacific leaders hold a summit in November, a top US official said Friday.

Conversion Rates

Conversion RatesBank Indonesia's conversion rates on Sept. 15, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,030.00 9,030.00 7,334.47 7,413.07Australian dollar 1 4,413.29 4,967.40 4,664.46 4,716.01Austrian schilling 1 504.32 567.45 533.02 538.

Visitors impressed by exciting table-setting show

Visitors impressed by exciting table-setting showBy Joko E.H. Anwar JAKARTA (JP): An exhibition showing exciting table settings in various styles, at the Bidakara complex on Jl. Gatot Subroto, South Jakarta, has proven to be more than just a culinary and silverware fanfare.

Gus Dur orders arrest of Tommy

Gus Dur orders arrest of Tommy JAKARTA (JP): President Abdurrahman Wahid said on Friday he had ordered the arrest of former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra.The reasons for the order were not explained by the President.

Aborigines stage lonely vigil

Aborigines stage lonely vigil SYDNEY (Reuters): As the world watched the opening ceremony of the Sydney Olympics, a handful of Aborigines intent on telling their story of dispossession to the world, staged a lonely vigil around a "Sacred Fire" at Sydney's "tent embassy".

RI looks for $4.8b loans from CGI donors

RI looks for $4.8b loans from CGI donors JAKARTA (JP): Indonesia is seeking some US$4.8 billion in loans from its traditional international donors grouped under the Consultative Group on Indonesia (CGI) to help finance the budget deficit in 2001, according to Coordinating Minister for the Economy...

RP boosts military build-up on RP hostage island

RP boosts military build-up on RP hostage island JOLO, Philippines (Agencies): President Joseph Estrada on Friday boosted the military presence on the remote southern Philippine island of Jolo where the Abu Sayyaf rebels are holding 22 hostages, despite ruling out an immediate rescue bid.

Malaysian palm oil prices extend losses

Malaysian palm oil prices extend losses KUALA LUMPUR (Reuters): Malaysia's palm oil futures slid further at the close on Friday on overnight falls at the Chicago Board of Trade (CBOT) and worries over a build-up in stocks, traders said.

Indonesia and UNTAET sign agreement

Indonesia and UNTAET sign agreement DENPASAR, Bali (JP): The Indonesian government and the United Nations Transitional Administration in East Timor (UNTAET) signed on Friday an agreement on jointly resolving the East Timor refugee problem.

Firms promise to cover claims of clients

Firms promise to cover claims of clients JAKARTA (JP): Two major auto insurance firms, Garda Oto Insurance and Sinar Mas Mobil Insurance, pledged on Friday to cover the claims of their clients whose cars were damaged in Wednesday's blast at the Jakarta Stock Exchange (JSX) building.

KL says memoirs will not strain ties

KL says memoirs will not strain ties KUALA LUMPUR (AFP): The memoirs of Singapore's founding father, Lee Kuan Yew, will not strain good relations with Malaysia, the foreign ministry here said on Friday.Malaysia reacted angrily to Lee's first volume of memoirs, published in 1998.

Stock exchange braces for possible sell-off

Stock exchange braces for possible sell-off JAKARTA (JP): Selling pressure might hit the Jakarta Stock Exchange (JSX) when it resumes trading on Monday as investors remain nervous following the recent bombing of the building, securities analysts said on Friday.

1,772 buyers to join Jakarta trade fair

1,772 buyers to join Jakarta trade fair JAKARTA (JP): As many as 1,776 buyers from 68 countries have confirmed their participation in the Export Products Exhibition 2000 to be held at the Jakarta Fairground in Kemayoran next month, a senior official of the Ministry of Industry and Trade said on...

Ex-Dutch shipyard now trendy cafes

Ex-Dutch shipyard now trendy cafesBy Ida Indawati Khouw The VOC shipyard in Old Jakarta, which was once among the busiest in the region, has turned into an upscale dining and wining complex. This 56th article on old and protected buildings in the city provides a glimpse of the history of one of...

RI eyes business prospects in PNG

RI eyes business prospects in PNG JAKARTA (JP): The Indonesian government would encourage the country's textile manufacturers to invest in Papua New Guinea (PNG) as part of efforts to promote bilateral trade between the two countries, Minister of Industry and Trade Luhut B.

Aceh violence costs hundreds of lives

Aceh violence costs hundreds of lives BANDA ACEH, Aceh (JP): Violence in restive Aceh province in the last year cost over Rp 42,8 billion (US$5.1 million) in material losses, the province's governor Ramli Ridwan said on Friday.

Freeport violated Government Regulation: Minister Sonny

Freeport violated Government Regulation: Minister Sonny JAKARTA (JP): State Minister of the Environment Sonny Keraf announced mining firm PT Freeport Indonesia misled the public in recent advertisements by not revealing the full results of its environmental audit.

Asian women set to dominate in Olympic debut

Asian women set to dominate in Olympic debut SYDNEY (AP): From the farms of China, the island of Taiwan and even seemingly less likely places like Thailand and Indonesia, Asian women weightlifters have come to Sydney prepared to dominate a sport which makes its debut at the Olympics.

Man killed for suspicious behavior

Man killed for suspicious behavior SALATIGA, Central Java: A man suspected of stealing one kilogram of green beans was mobbed to death on Wednesday by local residents in Bandungan village, an officer said on Friday.Salatiga Precinct Police chief Supt.

PBB to strive to become big party

PBB to strive to become big party YOGYAKARTA (JP): Chairman of the Crescent Star Party (PBB) Yusril Ihza Mahendra, who is also minister of justice and human rights, said here on Friday that his party was determined to become one of the "big three" in the 2004 general elections.

Sacred cows

Sacred cows The public has since long lost even the slightest confidence in the police and security apparatuses, who have the authority to investigate the recent bombings in the country. It is therefore entirely appropriate for the public to demand that the chief of the Jakarta Police, the chief of...

Blast investigation aims at elements within TNI

Blast investigation aims at elements within TNI JAKARTA (JP): Attorney General Marzuki Darusman said the investigation into Wednesday's blast at the Jakarta Stock Exchange building now was aimed at elements within the Indonesian Military.

Most of Asia on track for strong growth: Polls

Most of Asia on track for strong growth: Polls SINGAPORE (Reuters): Growth forecasts for much of Asia have been raised once again after a generally stellar first half performance, although a few nations with persistent domestic problems bucked the trend.

Malaysian 'died of illness'

Malaysian 'died of illness' TANGERANG (JP): Police probing the death of a retired Malaysian Army officer at Soekarno-Hatta International Airport concluded that the Bouraq Airline's passenger who had just disembarked from a domestic flight had died from an illness, rather than an accident, an...

Bring Soeharto by force to court, say observers

Bring Soeharto by force to court, say observers JAKARTA (JP): Legal and media observers said on Friday that force could be used by prosecutors to bring former president Soeharto to court should he fail to show up at the next hearing of his US$571 million graft trial on Sept. 28.

Govt awards RSAF chief Swa Buana Paksa Utama

Govt awards RSAF chief Swa Buana Paksa Utama JAKARTA (JP): The Indonesian government awarded on Friday the Bintang Swa Bhuana Paksa Utama medal to the chief of the Republic of Singapore Air Force (RSAF) Maj. Gen.

Iwan Fals turns from rebel to concerned star

Iwan Fals turns from rebel to concerned starBy Matdon BANDUNG (JP): Without any intention of playing down other singers, Iwan Fals along with Chrisye remain Indonesia's top singers. Although both of them have different listeners, their concerts are always successful, crowded and eagerly waited by...

Golf tourney raises Rp 305m

Golf tourney raises Rp 305m BOGOR, West Java (JP): Over Rp 305 million (US$35,000) was raised on Friday during the 3rd Annual Charity Planet Hollywood- DHL golf tournament at the Rancamaya golf and country club in Bogor.

IMF approves $399m loan to Indonesia

IMF approves $399m loan to Indonesia WASHINGTON (Reuters): The International Monetary Fund approved a US$399 million payment from its loan to Indonesia on Thursday and said economic reforms were at "a crucial stage.

PAN condemns bomb blast

PAN condemns bomb blastFrom Jurnal IndonesiaIn relation to the recent increases in violence, the latest, a bomb blast at the Jakarta Stock Exchange Building killing 15 people and injuring many more, the National Mandate Party (PAN) hereby expresses the following: 1.

Gang in Besakih

Gang in Besakih I wish to relate a very disturbing experience I had when visiting the Besakih temple complex in Bali on Sept. 10, 2000.On reaching the entrance to the temple complex, the tour group with which I was traveling was confronted by a group of young men.

Changing images of teachers and 'kyai'

Changing images of teachers and 'kyai'By Mochtar Buchori JAKARTA (JP): Do you have stereotype images of occupations or professions? Have the stereotypes changed over time? Mine have.My first stereotype was of teachers, because I had always wanted to become one.

Asian sports marginal in Olympics

Asian sports marginal in OlympicsBy Kalinga Seveviratne SINGAPORE: A jam-packed stadium of 10,000 boisterous drum- beating spectators roared their delight as a cartwheeling Thai kicked a rattan ball over a "badminton" net past his Malaysian foe, whose airborne acrobatics failed to smash the ball...

Economic team 'flirts' with unscrupulous tycoons: Kwik

Economic team 'flirts' with unscrupulous tycoons: Kwik JAKARTA (JP): Former chief economics minister Kwik Kian Gie warned here on Friday that there were indications that the economic team in the new Cabinet had started "flirting" with the country's "unscrupulous" tycoons.

Lee Kuan Yew's views

Lee Kuan Yew's views It seems this wise old man (Lee Kuan Yew) gave his opinion during the recent launching of his volume two memoirs, stating that it is dead wrong to bring Soeharto to court.As a simple man in the street I get confused because standards of law are different if it comes to (ex)...

Settling traffic jam

Settling traffic jam Now that we have come to the era of globalization, all countries compete to be more successful. Therefore, even though Indonesia's national production is increasing, Indonesia should not be satisfied. This situation should be a starter to improve further economic potential.

Hardcourt troubles Indonesian shuttler

Hardcourt troubles Indonesian shuttler JAKARTA (JP): Indonesian badminton mixed doubles specialist Bambang Suprianto said on Friday the hardcourt in the Dome's Pavillion 3 at the Olympics Park in Homebush Bay, Sydney, could jeopardize his opening campaign at the Olympic Games.

Enron gets World Bank's 1st-ever insurance payout

Enron gets World Bank's 1st-ever insurance payout WASHINGTON (Bloomberg): Enron Corp. received the first-ever payout from the World Bank's political risk insurance arm this year, as Indonesia broke a taboo that has surrounded bank guarantees offered for investments in 75 developing countries.

Motorcycle thief mobbed to death

Motorcycle thief mobbed to death TANGERANG (JP): One of four men who was caught in the act of stealing a motorcycle, belonging to a policeman, at Bitung subdistrict in Cikupa on Friday, was mobbed to death after stabbing the policeman.Tangerang Police chief Supt.

Betawi preservation project begins

Betawi preservation project begins JAKARTA (JP): The construction of a Betawi cultural reserve began on Friday with a groundbreaking ceremony attended by Governor Sutiyoso.The project in Srengseng Sawah subdistrict in Jagakarsa, South Jakarta, is part of efforts to preserve the traditions of native...

Storm demolishes dozens of houses

Storm demolishes dozens of houses SEMARANG, Central Java: Heavy rain and strong winds knocked down dozens of houses in Demak and Blora regencies on Thursday and damaged hundreds others. No fatalities were reported.

Hospitals asked to check radiology devices

Hospitals asked to check radiology devices JAKARTA (JP): The Nuclear Energy Control Agency (Bapeten) asked hospitals on Friday to service and organize their equipment used in nuclear medicine treatments following a number of incidents in the country.

UOB signs pact with Bo-Coms

UOB signs pact with Bo-Coms SINGAPORE (DPA): United Overseas Bank (UOB) has signed a pact with China's fifth-largest bank in a bid to increase the Singapore institution's market share in the country, it was reported on Friday.

Fire razes shops

Fire razes shops PURWOKERTO, Central Java: Fire razed a three story Rita supermarket and several adjacent shops on Jl. Kol. Suprapto here on Friday morning. No one was injured in the blaze which caused an estimated Rp 5 billion (US$595,000) in material losses.

Wynne, Yayuk fighting flu in Sydney ahead of matches

Wynne, Yayuk fighting flu in Sydney ahead of matches JAKARTA (JP): Women's tennis hopefuls Wynne Prakusya and Yayuk Basuki are fighting off the flu as Sydney's chilling temperature is proving to be a hurdle to Indonesia's bid to excel in the Olympic Games.

UN calls for shipping tieup

UN calls for shipping tieup SINGAPORE (DPA): A U.N. official called for greater cooperation among ASEAN's public and private sectors in the shipping industry at a Singapore conference winding up on Friday.What impacts one country effects the entire region, Barry Cable, the chief of the U.N.

Govt's policy on CPO gets cool response

Govt's policy on CPO gets cool response JAKARTA (JP): The government's recent move to cut the export tax on crude palm oil (CPO) has received a cool response from producers.Chairman of the Indonesian Palm Oil Producers Association (Gapki) Derom Bangun said here on Friday the cut in the export tax...