Indonesian Political, Business & Finance News

Archive: 18 September 2000

51 articles found

Takamatsu wins Epson Cup

Takamatsu wins Epson Cup JAKARTA (JP): Atsushi Takamatsu of Japan emerged the winner of the Rp 270 million JJGF Open Golf Championships 2000 - Epson Cup which closed on a sour note as most of the field failed to par on Sunday. Takamatsu, who led the pack over the last two rounds, carded a three-over par 75 for a total par 288 and the top Rp 60 million cash prize.

Premier sues Conoco, Gulf over KL gas supply

Premier sues Conoco, Gulf over KL gas supply JAKARTA (JP): British oil and gas company Premier Oil has filed an arbitration suit against American oil and gas company Conoco Inc. and Canadian oil and gas firm Gulf Resources in a dispute over a planned multibillion dollar gas supply from the West Natuna area in the South China Sea to Malaysia.

Ex-economic ministers attack IMF role in Indonesia

Ex-economic ministers attack IMF role in Indonesia JAKARTA (JP): Former coordinating minister for economy, finance and industry Kwik Kian Gie and former minister of finance Fuad Bawazier have attacked the International Monetary Fund's role in fixing the country's economy because, they said, it had failed to benefit the people.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition An Ideology in Color and Expression at Loteng Gallery, Jl. Prapanca Raya no. 26, South Jakarta, 10 a.m. to 8 p.m., until Oct. 15. * Comics Exhibition by Popok Tri Wahyudi, at Lontar Gallery, Jl. Utan Kayu No.68H East Jakarta (Phone: 8573388), until Sept. 30. * Painting Exhibition One Environment Two Expressions, by Agus Sahri and Yogi Setiawan at Galeri 678, Jl. Kemang Raya no. 32, South Jakarta (Phone: 71792164) until Sept. 21.

Bank Niaga launches new debit card

Bank Niaga launches new debit card JAKARTA (JP): Visa International and publicly listed Bank Niaga launched on Saturday the Kartu Niaga Visa Electron debit card, giving the benefit of the Visa network to Bank Niaga's 400,000 ATM cardholders. Niaga's Director for Individual Banking Diana Soerarso said the new debit card is expected to add an additional 100,000 customers to the existing ATM cardholders, making a total of 500,000 by the end of the year.

VP advises Irianese to rethink freedom calls

VP advises Irianese to rethink freedom calls JAKARTA (JP): Vice President Megawati Soekarnoputri called on Irianese people on Sunday to reconsider their calls for independence, saying they should learn from "the East Timor experience". "It is sad that after all this pain and struggle to be part of Indonesia then you emotionally declare your independence," Megawati told a local congress of the Indonesian Democratic Party of Struggle (PDI Perjuangan) in the town of Biak.

Thailand forecasts 10 percent export growth in 2001: Minister

Thailand forecasts 10 percent export growth in 2001: Minister BANGKOK (AFP): Exports will be the main engine for Thailand's economic recovery, the commerce ministry said as it forecast the value of exports to grow by 10 percent next year to US$74 billion, reports said Saturday. Deputy Prime Minister and Commerce Minister Supachai Panitchpakdi said meeting that figure would be a challenge given the baht's continued weakness and high oil prices, The Nation reported.

Budhist parade brings Tangerang into a standstill

Budhist parade brings Tangerang into a standstill TANGERANG (JP): Thousands of Tangerang residents observed on Sunday the 12-yearly procession of the Chinese Supreme Goddess Awalokiteswara, or Kwan Im, a festival where Buddhists express their gratitude to the Goddess.

Australia might be behind Atambua: Mahfud

Australia might be behind Atambua: Mahfud YOGYAKARTA (JP): Minister of Defense Mahfud MD said here on Saturday that he agreed with the deputy chairman of Commission I of the House of Representatives that Australia might be behind the mayhem in Atambua last week. Mahfud said that evidence collected by his office indicates Australia's possible involvement in the attack which resulted in the death of three UN humanitarian workers.

Solidarity is vital in facing acts of terrorism

Solidarity is vital in facing acts of terrorism Following a number of bombings in the capital, Cornelis Lay, who teaches politics at the Gadjah Mada University, Yogyakarta, shares his views on the acts of terrorism. Question: What should we do in the face of further constraints to recovery? Answer: There are only two things we can do. First, the government and the people need to prove they are serious in handling these acts of terrorism.

KPEI has new president

KPEI has new president JAKARTA (JP): Shareholders of PT Kliring Penjaminan Effek Indonesia (KPEI) have elected Tubagus Muhamad Hasjim as the president of the securities clearing and settlement agency until 2003. The company announced on Saturday that Tubagus replaced Rudjito, who resigned in July after being appointed the president of state Bank Rakyat Indonesia. The shareholders also approved the appointment Eddy Sugito and Achmad Zaky Hamid as the company's new directors. Tb. M.

Abducted police officer found dead in Bireuen

Abducted police officer found dead in Bireuen BANDA ACEH, Aceh (JP): A police officer from Jeumpa station who had gone missing since last Monday was found dead on Sunday morning, dumped at an intersection in Cot Gapu village, Bireuen regency. "Pvt. Sofyan A. Gani was abducted by armed rebels in Cot Uno village on Monday," North Aceh Police chief Supt. Abadan Bangko said on Sunday, adding that the victim had been assaulted.

Three bodies found in rivers

Three bodies found in rivers JAKARTA (JP): Two bodies clutching to each other were found on Friday on the banks of the Citarum river in Bekasi, east of here. The as yet unidentified bodies were found by students who were passing by the location near Singkil village, Muara Gembong, at 9 a.m. Both bodies were taken to the morgue of Cipto Mangunkusumo General Hospital (RSCM), Central Jakarta.

Combating GSM prepaid card theft with SMS alert

Combating GSM prepaid card theft with SMS alert By Lim Tri Santosa BANDUNG (JP): "For all that is good, there is an evil," is a saying that has probably grown more familiar to each of us over the years. It is sad to say this saying also applies to cellular phones, which are inviting targets for thieves. Most mobile phone thefts involve phones stolen from unattended vehicles or by pickpockets.

PT Askes should be liquidated: Hospitals

PT Askes should be liquidated: Hospitals JAKARTA (JP): A one-day discussion suggested here on Saturday that the state health insurance company PT Askes be liquidated or merged with other insurance firms for its failure to perform well up to now. The discussion, organized by the Indonesian Health Consumers Empowerment Foundation (YPKKI), was attended by officials from PT Askes and several hospitals in Indonesia.

Local research needed for transgenic plants

Local research needed for transgenic plants State Minister for Environment Sonny Keraf last week reported that the agreement between the government and American-based agrochemical and seed company Monsanto on the agribusiness project in South Sulawesi using transgenic cotton seeds had been delayed.

Fate of elementary school teachers

Fate of elementary school teachers From Warta Kota Most people probably remember the demonstrations by teachers throughout Indonesia earlier this year. Their aspirations and goals were that their welfare be improved. As we know, teachers' incomes do not comply at all with daily needs. On top of this, there is still a cutting of their income which further constricts their budgets.

YLKI strives to boost people's participation

YLKI strives to boost people's participation JAKARTA (JP): In an attempt to cope with rapid development and abundant consumer-related cases, the Indonesian Consumers Foundation (YLKI) plans to establish a network to boost people's participation by the time the Consumer Protection Law is implemented early next year. "We are only three months away from the actual implementation and there is a lot of work that has not been completed," Zumrotin K.

Curbing school violence

Curbing school violence As I am led to believe, violence between schools in Indonesia has been an ongoing enigma for a long time. The children disperse on public streets, without due regard to the public and hurl stones towards their rivals or parade around with sticks and swords, ready to strike their victims. These disputes among the schools could have a hundred and one reasons why they can end up a catastrophe. And obviously a quick resolution to this dilemma will not eventuate.

RP says hostages alive and well, rebels on the run

RP says hostages alive and well, rebels on the run JOLO, Philippines (Agencies): The Abu Sayyaf rebels were fleeing under military assault on a southern island on Sunday and all their 19 hostages were alive and well, the Philippine government said. Six Abu Sayyaf rebels had been killed and 20 suspected guerrillas captured on the island, Jolo, armed forces chief Gen. Angelo Reyes said. Four government troops had been wounded, three on Saturday, one on Sunday.

WB warns Thailand of new AIDS risk

WB warns Thailand of new AIDS risk BANGKOK (AP): The World Bank warned that Thailand risks a resurgence of an HIV/AIDS epidemic that has already infected nearly one million people, a Thai newspaper reported on Sunday. The World Bank report, due for official release next month, highlights the impact of a decline in condom use, particularly among young men who visit sex workers and have casual sex partners, the Bangkok Post reported.

Firms told to negotiate power rates with PLN

Firms told to negotiate power rates with PLN JAKARTA (JP): As some industrial associations continue to oppose the power rates, the government encouraged firms to individually negotiate discount rates with state owned power company PT PLN. Director General for Electricity and Power Development at the Ministry of Energy and Mineral Resources, Endro Utomo Notodisuryo, said that firms could negotiate with PLN, providing that both parties would benefit from the deal.

SE Asia to emerge stronger from crisis, says Lee

SE Asia to emerge stronger from crisis, says Lee SINGAPORE (AFP): Southeast Asia will emerge stronger from the 1997 financial meltdown, but corruption and cronyism will be tough to eradicate, Singapore's founding father Lee Kuan Yew says in his memoirs.

Training youths to be shoemakers

Training youths to be shoemakers TANGERANG (JP): With a Rp 50 million (US$5,620) fund from the 2000 budget, the Tangerang Municipality is training 20 youths from the slum area of Kampung Sawah, Pakojan subdistrict, Cipondoh, to make shoes and sandals. The eight-week course, held by instructors hired by the municipality's Economic Affairs Division, is aimed at giving the boys, all of whom are from poor families, skills to become talented shoemakers.

GE to boost software, finance services in India

GE to boost software, finance services in India NEW DELHI (Reuters): Diversified firm General Electric is looking to expand its software and financial services business in India to take advantage of a vast pool of domestic talent, its chairman John F Welch said on Saturday.

Lisa silences critics with bronze

Lisa silences critics with bronze JAKARTA (JP): Indonesian weightlifter Lisa Rumbewas silenced critics and doubts on her participation in the Olympics following her controversial selection last month, with a bronze medal. Lisa, competing in the 48 kilograms division, managed to lift a total of 185.0kg, with clean and jerk lift of 105.0kg and snatch of 80.0kg. "I'm very proud of my achievement. I was not burdened during the competition. I felt nothing. I just want to win a medal.

Official globe-trotting

Official globe-trotting Thank heavens the media was able to publicize and prevent, at least temporarily, the planned overseas junket of ninety members of the People's Consultative Assembly (MPR) for the ostensible purpose of presenting their programs to approximately two million Indonesians residing overseas.

Pusan out to save Asian Games

Pusan out to save Asian Games SEOUL (AFP): The Olympic Council of Asia has given the South Korean city of Pusan 30 days to meet new conditions to save its hosting of the 2002 Asian Games, officials said Sunday. The OCA set an Oct. 15 deadline for Pusan to meet the financial conditions of a new accord made with the organizers on the sidelines of the Olympics in Sydney on Saturday night.

Professionals behind bombings

Professionals behind bombings What relationship is there between the killings in Atambua and the bombings in Jakarta? International protests over the incident that occurred at the UNHCR headquarters in Atambua have forced Indonesia's political leaders to realize that although Indonesia is a sovereign country, every step it takes must take into account the global perspective (read: especially the interests of the West and its allies).

Woman shot while riding motorcycle

Woman shot while riding motorcycle JAKARTA (JP): A woman was shot on her buttocks by an unidentified person in front of the Gadjah Mada Plaza on Jl. Gadjah Mada in Central Jakarta at 2 a.m. on Sunday. The victim, Ika Novitasari, 26, said that she was riding pillion on a green RX-King motorcycle, driven by her husband, Kurniawan, 28, when the incident happened.

Anwar rally canceled

Anwar rally canceled KUALA LUMPUR (AFP): The party headed by the wife of jailed Malaysian ex-deputy premier Anwar Ibrahim has called off a rally next week to mark the second anniversary of his arrest, an official said Sunday. Anuar Shaari, an official of the National Justice Party (Keadilan), said the party has been denied permission to use a sports stadium outside Kuala Lumpur for a planned assembly on Sept. 20.

Bengkulu forest chief lost in jungle

Bengkulu forest chief lost in jungle BENGKULU: The head of the provincial Agriculture and Forestry Office and his entourage are missing. They are believed lost somewhere in a forest in North Bengkulu. Hariyono Suroso and his entourage left a famous 9-tiered waterfall about 90 kilometers from here on Thursday on an overnight trip. However, Antara reported that as of Sunday afternoon there was still no sign of them. "They haven't returned.

JSX building set to reopen on Monday

JSX building set to reopen on Monday JAKARTA (JP): Closed since Thursday, the Jakarta Stock Exchange (JSX) building will be ready to reopen on Monday. Director of property developer PT Procon Indah which manages the JSX building, Carrey Alam, said on Sunday that all preparations for the reopening of the building, following the bomb blast at its parking lot on Wednesday afternoon, have been completed.

Balance yourself for better spiritual energy

Balance yourself for better spiritual energy By Tishy Bruce JAKARTA (JP): July and the beginning of August was a time when Indonesia was at a crucial point in its history: could it maintain its equilibrium or would it over-balance into economic and political chaos? Indonesia reached some of its bleakest, most depressing moments during that period. Indonesia has survived. The 55th birthday celebrations helped, of course. But there has been a lack of balance.

Government warned of dangers of drugs, unemployment

Government warned of dangers of drugs, unemployment JAKARTA (JP): Indonesia will remain in a "stateless-like condition" due to stagnant reforms in all fields, political observers and activists say. John N. Palingi, a socioeconomic observer, expressed deep concern over complicated issues that could threaten national unity unless they are solved properly.

Medan bomb witness shot

Medan bomb witness shot MEDAN, North Sumatra: A man who reportedly witnessed a mysterious blast in a local church here in August is in a critical condition after being shot by two unidentified gunmen on Sunday. Medan Police chief Sr. Supt. Hasyim Irianto was quoted by Antara as saying that Koleb Situmorang, a driver of local priest Benjamin Munthe, was shot when he was taking his employer and his family to church on Sunday morning.

Mass reshuffle in China's Taiwan desk

Mass reshuffle in China's Taiwan desk By Ching Cheong SINGAPORE: Beijing recently launched a massive revamp of institutions that deal with the Taiwan problem to ensure that future policies are in sync with developments on the island. The change followed a major stocktaking exercise by top leaders when they went for their annual summer retreat in Beidaihe to explore new approaches which they could take on the Taiwan issue.

Ford's withdrawal opens new battle

Ford's withdrawal opens new battle SEOUL (AFP): General Motors Corp. and DaimlerChrysler are back in the battle to become Asia's number one car maker following Ford Motor Co's withdrawal from a deal to buy ailing Daewoo Motor. Both will be looking to see what the South Korean firm's creditor banks decide Monday after Ford dropped its US$6.9- billion bid to buy Daewoo Motor Co. following three months pouring over the troubled company's finances.

The IMF support

The IMF support Much more important than simply being additional support for the balance of payments and strengthening foreign reserves, the International Monetary Fund's approval last week of the third tranche disbursement of its US$5 billion bailout fund for Indonesia serves as a new building block for the process of restoring market confidence in the country's economic-crisis management.

Judge vows objectivity when trying Bob Hasan graft case

Judge vows objectivity when trying Bob Hasan graft case JAKARTA (JP): Central Jakarta District Court chief Subardi said on Friday that despite the media attention, he would remain objective when handling the multimillion dollar graft trial of timber tycoon Muhamad "Bob" Hasan. "It's just another graft case. It is of no concern to the panel of judges, which includes myself, what links he has with former president Soeharto," Subardi said on Friday. "As far as I can see, the indictment is thorough.

Gus Dur orders Soeharto's guards to be disarmed

Gus Dur orders Soeharto's guards to be disarmed JAKARTA (JP): After ordering the arrest of former president Soeharto's son two days ago, President Abdurrahman Wahid launched another verbal attack on him on Sunday and ordered his personal bodyguards to be disarmed. "I have asked Bakin (the State Intelligence Coordinating Agency) chief, the Indonesian Military (TNI) and National Police chiefs to disarm former president Soeharto's bodyguards," Abdurrahman was quoted by Antara as saying.

Italy to join oil conference

Italy to join oil conference JAKARTA (JP): The Italian Trade Commission will join the Indonesian International Oil, Gas and Energy Conference and Exhibition (IIOGE), which will be held here from Sept. 19 through Sept. 22. The Jakarta-based trade commission said on Saturday that it would help Indonesian oil and gas companies to explore possible cooperation with Italian companies.

Police question six youths

Police question six youths SURABAYA: Police have questioned six people for trespassing in the grounds of the United States Consulate General here. Surabaya Police chief Sri Kresno said the six youths were from Baladhika Karya, the FKPPI (a defunct organization for children of Indonesian Military and police officers), Fosad, Alpad and the United Workers Forum. "But they have not been arrested," Kresno said on Saturday.

IM Texmaco comes back to beat Dwidasa Mitra

IM Texmaco comes back to beat Dwidasa Mitra JAKARTA (JP): After a poor start, Indonesia Muda Texmaco (IM) regained their form to beat league newcomer Dwidasa Mitra 92-75 on Sunday in the third leg of the 2000 Nuvo Kobatama national basketball league. In the second match of the day, Pacific Caesar Surabaya bagged a narrow 86-85 win over another Surabaya-based team, Wismilak CLS.

Indonesia's badminton doubles reach Olympics quarters

Indonesia's badminton doubles reach Olympics quarters JAKARTA (JP): Top seeds Candra Wijaya and Tony Gunawan led the three Indonesian men's doubles pairs to the quarterfinals of the Olympic badminton event in Sydney on Sunday. World number one pair Candra and Tony made short work of Danish challengers Jim Laugesen and Michael Sogaard with an effortless 15-9, 15-7 win. "I was very relaxed in the match but it was just the first round.

Telkom offers compromise to foreign partners

Telkom offers compromise to foreign partners JAKARTA (JP): State telecoms company PT Telkom is willing to offer concessions to its five foreign partners in the Joint Cooperation Scheme (KSO) in a bid to save their five-year-old business deal, a company official said. "We're willing to compromise... But we expect them to also show goodwill and understanding concerning our position," Telkom director of operations and marketing Komarudin Sastrakoesoemah told The Jakarta Post over the weekend.

Cohen arrives to press govt over militias in West Timor

Cohen arrives to press govt over militias in West Timor JAKARTA (JP): United States Defense Secretary William Cohen arrived here on Sunday evening for meetings with top Indonesian officials in which he is expected to press the government to take firm action against militias operating in West Timor. Cohen touched down at Halim Perdanakusuma airport having traveled on a U.S. military plane.

Indonesia wins its first medal

Indonesia wins its first medal SYDNEY (Agencies): After the second full day of competition, Indonesia joined the medal winners at the 2000 Olympics here on Sunday, thanks to diminutive Lisa Rumbewas who bagged a bronze in the women's weighlifting event. The 20-year-old lifter, who was a controversial last minute entry to the national Olympic team, competed in the 48-kilogram class. Her teammate Sri Indriyani, a former world junior champion, was tipped to make a podium finish.

Fuel price hike

Fuel price hike From Media Indonesia Price increases are normal as long as they are in keeping with the people's quality of life. Therefore, I do not see that a fuel price increase in Indonesia is appropriate now. If the argument is that the price of fuel must be raised because the government has to stop the subsidy, then the government must also lower the interest rate to ensure that productivity will increase.

SIA to increase Bali flights

SIA to increase Bali flights DENPASAR (Antara): Singapore Airlines (SIA) plans to increase the frequency of flights on its Singapore-Denpasar route to 28 times a week beginning October, from 24 times per week at present. Raja Segran, general manager of SIA operations in Indonesia, said here on Friday,the airline was waiting for the Indonesian government's approval to increase the flight frequency.

Public telephone

Public telephone From Jurnal Indonesia Out of service public phones are no longer a problem. Why? Because usually public phone stands are hard to reach, and if any can be reached, they are normally unusable. It's a common view that public phones are broken because of vandalism. Therefore, many people prefer to make their calls in telephone shops (wartels).