Indonesian Political, Business & Finance News

Archive: 2 September 2000

55 articles found

Japan gives grant to seven organizations

Japan gives grant to seven organizations JAKARTA (JP): Japan agreed on Friday to extend a total of Rp 2.4 billion (US$287,753) in grants to seven grassroots organizations in Indonesia.Japan Ambassador to Indonesia Takao Kawakami, who signed the contracts with representatives of the organizations at...

Total signs labor agreement

Total signs labor agreement JAKARTA (JP): France-based oil and gas company Total Indonesie said it had signed a Collective Labor Agreement with its workers, grouped under the National Labor Union-Total Indonesie.It said the agreement, which was signed on Aug.

Australia risking reputation in United Nations row

Australia risking reputation in United Nations rowBy Marie McInerney ADELAIDE (Reuters): Australia's hardline response to refugees and UN criticism on human rights issues means it risks a return to its isolationist past and opens itself up to accusations of hypocrisy from Asian neighbors.

Ten corruption cases alluded to at Pertamina

Ten corruption cases alluded to at Pertamina JAKARTA (JP): Attorney General Marzuki Darusman hinted on Friday evening of 10 corruption cases in dubious projects at state-owned oil and gas company PT Pertamina.

Letter writers are agents of change

Letter writers are agents of change I was happy to note that Gandhi Sukardi won a coveted honor from the Indonesian Museum of Records for the amount of his letters to The Jakarta Post. My hearty congratulations to him.

'Ojek' driver murdered

'Ojek' driver murdered TANGERANG (JP): Police are investigating the murder of an ojek (motorcycle taxi) driver who was found in a ditch on Jl. Jona Keroncong here, Jatiuwung Police chief Sr. Insp. Budi Hermawan said on Thursday."We assume there are more than one suspect," Budi said.

One killed in crossing accident

One killed in crossing accident TANGERANG (JP): A man was killed and two others injured when a speeding train hit two motorcycles at a railway crossing on Jl. KH Hasanuddin in Batu Ceper here on Friday morning, police and witnesses said.Batu Ceper Police subprecinct chief Sn. Insp.

GAM must be firmly dealt with

GAM must be firmly dealt with The Jakarta Post of Aug. 30, 2000, page 1, reported that there was no decision yet whether to extend the humanitarian pause in Aceh. This news was puzzling, because there are so many violations by members of the Free Aceh Movement (GAM) which cannot be tolerated.

India's Kalmadi elected new president of AAAA

India's Kalmadi elected new president of AAAA JAKARTA (JP): Suresh Kalmadi of India was elected the new president of the Asian Amateur Athletics Association (AAAA) on Friday, replacing Mohammad "Bob" Hasan of Indonesia.

Puppeteers join to push tradition

Puppeteers join to push traditionBy Charlie Stevens JAKARTA (JP): One of the world's best known puppeteers, Stephen Mottram from the UK, is in Indonesia to perform a series of shows with Sujiwo Tejo, one of Indonesia's most famous puppeteers.

No-confidence motion against Arifin baseless: Legislator

No-confidence motion against Arifin baseless: Legislator JAKARTA (JP): Aberson Marle Sihaloho, an outspoken legislator of the Indonesian Democratic Party of Struggle (PDI Perjuangan), deplores a motion of no confidence being pushed forward by many members of the PDI Perjuangan faction at the House...

Malaysia palmoil futures higher at close of trading

Malaysia palmoil futures higher at close of trading KUALA LUMPUR (Reuters): Overnight rallies in Chicago and bullish August export figures supported Malaysian palm oil futures on Friday, but last-minute profit-taking capped gains, traders said.

Won up on trade data, others mixed

Won up on trade data, others mixed SINGAPORE (Dow Jones): The South Korean won surged against the U.S. dollar on stronger-than-expected trade data Friday, while other regional currencies were mixed in subdued trading.

Indonesia urges UNTAET to form E. Timor joint border committee

Indonesia urges UNTAET to form E. Timor joint border committee JAKARTA (JP): Indonesia is urging the United Nations Transitional Administration in East Timor (UNTAET) to sign an agreement on the formation of a joint border committee as part of measures to ease disruptive activities along the East...

Does Mega need help?

Does Mega need help? So far, Mega has given the public the strong impression that she does not want to make a show of her capabilities. So fanatically Mega has held on to this stance that critical observers have accused her of being unable to lead an intellectual discourse.

EGP letter an attempt to topple President: NU

EGP letter an attempt to topple President: NU JAKARTA (JP): Nahdlatul Ulama officials refuted on Friday allegations the organization had been promised US$5 million by suspects in the Bank Bali scandal to mute the case.

Gus Dur brushes off talk about his life

Gus Dur brushes off talk about his life JAKARTA (JP): President Abdurrahman Wahid insisted on Friday he would ignore the rumors about his personal life and let people make their own judgments.Without specifically mentioning reports about a past alleged extramarital affair with housewife Aryanti...

Jakarta, Rotterdam sign agreement

Jakarta, Rotterdam sign agreement JAKARTA (JP): Visiting Rotterdam Mayor Ivo W. Opstelten and Governor Sutiyoso have signed an accord covering three main areas to maintain their sister-city agreement.Witnessed by Dutch Ambassador S.

Delays plague opening of futures exhange

Delays plague opening of futures exhange JAKARTA (JP): The Jakarta Futures Exchange (JFX) has again failed to commence trading as the Commodities Exchange Supervisory Board (Bapepti) has delayed the issuance of its operational license.

Taxi fares yet to be increased: Sutiyoso

Taxi fares yet to be increased: Sutiyoso JAKARTA (JP): Governor Sutiyoso ordered the Organization of Land Transportation Owners (Organda) on Friday to take action against any taxi operators found charging new taxi fares, as an official announcement for the fare hike has not been issued yet.

Residents protest regent's election

Residents protest regent's election PADANG, West Sumatra: The town of Sijunjung, some 200 kilometers southeast of Padang, came to a standstill on Friday when approximately 3,000 people staged a protest over the election of a new regent.

'Missing' activists give testimonies

'Missing' activists give testimonies JAKARTA (JP): After taking five days rest, four agrarian activists, who claim to have been abducted for two weeks, finally made their public appearances on Friday and gave their testimonies about the kidnapping.

BPS reports improvement in key economic indicators

BPS reports improvement in key economic indicators JAKARTA (JP): The Central Bureau of Statistics (BPS) reported on Friday another improvement in the country's economy, with most of its key indicators showing promising trends.Exports in July grew to another record high of US$5.35 billion from $5.

Officers reminded of public order detention

Officers reminded of public order detention JAKARTA (JP): Governor Sutiyoso said on Friday that people picked up in raids should be immediately released if they are not found guilty of violating city public order.Several operations by public order officials from July 14 to Sept.

Alleged credit card thief arrested

Alleged credit card thief arrested DENPASAR, Bali: Police arrested a man on Thursday for attempting to use a stolen credit card.Siafiq Idris, 28, was arrested after attempting to use a stolen American Express card to purchase a VCD player at Alfa, one of Denpasar's largest supermarkets.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 1, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 580 0 0 Adindo Foresta Indonesia 255 5 257,000 Alakasa Industrindo 815 0 0 Alfa Retailindo 885 35...

Govt advised to adopt fixed exchange rate system

Govt advised to adopt fixed exchange rate system JAKARTA (JP): Nobel prizewinning economist Robert Mundell has advised the government to reintroduce a fixed exchange rate system for the rupiah within two years in a bid to achieve sustainable economic recovery.

Illegal fee

Illegal fee As a regular visitor to Indonesia and other countries, I sometimes use my credit card to obtain some cash money. I have done it in different places around the world and have never encountered any problems with it.

Indonesia draws with Iraq ahead of Independence Cup final

Indonesia draws with Iraq ahead of Independence Cup final JAKARTA (JP): The first encounter between Indonesia and Iraq at the Independence Cup soccer tournament on Friday ended in a scoreless draw.Although banking mostly on substitutes, Iraq displayed a cool defense to neutralize Indonesia's...

Restoring investor confidence

Restoring investor confidence The following is based on a presentation by economist and chairman of the Indonesia Forum Foundation Mohammad Sadli at the ISEAS Forum on regional strategic and political developments.

De Mello lauds moves to try East Timor suspects

De Mello lauds moves to try East Timor suspects JAKARTA (JP): Following the announcement of 19 suspects in the East Timor case, several expressed hope that these would only be the first of another batch of officials and officers to be named in the case.

S'pore's muted free-speech corner opens

S'pore's muted free-speech corner opens SINGAPORE (AFP): Singapore launched a muted free-speech corner on Friday with local issues dominating but few willing listeners.The crowd, outnumbered by local and foreign journalists in the morning, peaked around 100 at lunchtime, swelled by curious office...

RI firms to visit Rotterdam

RI firms to visit Rotterdam JAKARTA (JP): Some 30 Indonesian companies from various sectors will take part in the Indonesian Export Product Display in Rotterdam, the Netherlands, for five days starting from Sept. 4.

The trial of Soeharto must go on, says Abdurrahman

The trial of Soeharto must go on, says Abdurrahman JAKARTA (JP): President Abdurrahman Wahid asserted on Friday that the trial against former president Soeharto would proceed, with or without the accused's presence.

All-Indonesia badminton final seen in Sydney

All-Indonesia badminton final seen in Sydney JAKARTA (JP): The chances are looking better for an all- Indonesia final in the badminton men's doubles at the Olympic Games after the second best pair of Flandy Limpele and Eng Hian beat the world number one duo of Candra Wijaya and Tony Gunawan in a...

East Java legislators 'ready to be recalled'

East Java legislators 'ready to be recalled' SURABAYA: Eighteen East Java legislators who reportedly made illegal overseas trips in July said they were ready to be recalled by their factions for the "wrongdoing".

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 1, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,795.00 8,795.00 8,254.00 8,336.00Australian dollar 1 4,488.36 5,068.56 4,752.65 4,804.04Austrian schilling 1 503.94 568.91 533.62 539.

Sutiyoso calls for waterfront revival project

Sutiyoso calls for waterfront revival project JAKARTA (JP): Governor Sutiyoso called on Friday for efforts to develop Jakarta Bay's coastline into a more appealing area to anticipate further growth of the city.

Government may extend humanitarian pause in Aceh

Government may extend humanitarian pause in Aceh JAKARTA (JP): The government looks likely to sign a three- month extension on a humanitarian pause in Aceh but said it would demand the separatist Free Aceh Movement (GAM) begin talking substantively on settling the problems.

Sofjan demands apology from former minister

Sofjan demands apology from former minister JAKARTA (JP): Businessman Sofjan Wanandi of the Gemala Group has demanded that former finance minister Bambang Sudibyo apologize for publicly accusing him of embezzling Bank Indonesia funds.

KL records trade surplus

KL records trade surplus KUALA LUMPUR (AFP): Malaysia recorded a trade surplus in July for the 33rd consecutive month, the Statistics Department said Friday.The figure of 4.0 billion ringgit (US$1.05 billion) was down compared to the 4.9 billion ringgit the previous month and 5.

Papua New Guinea PM rules out secession for Bougainville

Papua New Guinea PM rules out secession for Bougainville PORT MORESBY (AP): Papua New Guinea Prime Minister Sir Mekere Morauta on Friday ruled out secession for independence-minded Bougainville island.He was speaking in advance of crucial and "final" talks on autonomy and an eventual referendum on...

Symbol of justice

Symbol of justice The trial of former president Soeharto, which opened in Jakarta on Thursday, is a symbolic gesture more than anything else on the part of the government to show that rule of law prevails in this country.

Mob attacks Malaysian consultate in Pontianak

Mob attacks Malaysian consultate in Pontianak JAKARTA (JP): A mob of about 50 people attacked the Malaysian consulate in Pontianak, West Kalimantan, smashing windows and throwing rotten eggs during a flag-raising ceremony to mark Malaysia's National Day on Thursday.

Councilors to cast ballot on voting method

Councilors to cast ballot on voting method JAKARTA (JP): City councilors on Friday agreed to decide by ballot on the voting method to be employed for their final judgment on Governor Sutiyoso's accountability speech next Monday.

S'pore-based portal ties up with NPC

S'pore-based portal ties up with NPC JAKARTA (JP): Singapore-based application service provider (ASP) Freight Real-Time.com signed an alliance agreement here on Friday with PT Nusa Pamerima Corporation (NPC) to promote the portal's services to the Indonesian maritime and logistics company.

RP rebels demand $10m for release of U.S. hostage

RP rebels demand $10m for release of U.S. hostage ZAMBOANGA, Philippines (AP): The Abu Sayyaf rebels have demanded US$10 million for the release of an American kidnapped this week in the southern Philippines despite a U.S. refusal to pay any ransom, negotiators said on Friday.

Lippo acquires and merges DialMart into its retail chain

Lippo acquires and merges DialMart into its retail chain JAKARTA (JP): Executives of grocery delivery service company for Greater Jakarta area, DialMart, confirmed on Friday that the Lippo group had acquired and merged the service company into the group's retail chain.

Imported products

Imported productsFrom Bisnis IndonesiaI suggest that the government establish a ministry or agency in charge of developing locally made goods, because Indonesia's dependence on foreign products is of great concern.

Bapepam finalizes six firms of breaching rules

Bapepam finalizes six firms of breaching rules JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has imposed sanctions on six firms, four of which belong to major business groups Bakrie, Tirtamas and Djajanti, for breaching regulations.

19 suspects named in East Timor case

19 suspects named in East Timor case JAKARTA (JP): The Attorney General's Office named 19 people on Friday, including three generals, "possible suspects" in last year's violence in East Timor.Deputy Attorney General for Special Crimes M.

BI building founded on nation's wealth

BI building founded on nation's wealthBy Ida Indawati Khouw The Bank Indonesia building in Kota, West Jakarta, was where the Indonesian banking system began. The following article, the 54th in the series on old and protected buildings in Jakarta, provides a glimpse of its history.

Intel recalls new product

Intel recalls new product JAKARTA (JP): U.S.-based computer software developer Intel Indonesia Corporation said on Friday the withdrawal of its newly launched 1.13 GHz Pentium III processor from the market had not caused a large financial loss.

Aa3 ratings for APP deal

Aa3 ratings for APP deal SINGAPORE (AFP): Moody's Investors Service on Friday awarded an Aa3 rating to the US$125 million secured floating rate notes issued by Pioneer Export Funding Ltd.The trade receivables transaction is sponsored by Singapore- based Asia Pulp and Paper Co. Ltd. (APP).

Ambonese to pray for peace in mass event

Ambonese to pray for peace in mass event AMBON, Maluku (JP): Residents in ravaged Ambon will hold a massive prayer session to commemorate the 425th anniversary of the city on Sept. 7, hoping for a better and peaceful life.