Indonesian Political, Business & Finance News

Archive: 21 September 2000

64 articles found

Forex reserves fall to $27.2b

Forex reserves fall to $27.2b JAKARTA (JP): Indonesia's international reserves and foreign currency liquidity fell by US$85.50 million to $27.30 billion in the week ended on Sept. 15, according to the latest data issued by Bank Indonesia. The central bank attributed the drop to the payment of some of the government's foreign debt. Primary money supply dropped by Rp 857 billion to Rp 94.37 trillion partly due to the fall in the amount of cash in circulation.

Panasia outshines CLS 85-67

Panasia outshines CLS 85-67 JAKARTA (JP): Bandung-based Panasia Indosyntec met little opposition in its third match against Wismilak Citra Lestari Surabaya (CLS) of East Java, which it beat 85-67 in the third leg of the 2000 Nuvo Kobatama national basketball league on Wednesday. The result vaulted former four-time champion Panasia to second on the league standings and made it the only non-Jakarta club to have ensured a berth in the final four in November.

E. Asian recovery 'encouraging' but concerns remain

E. Asian recovery 'encouraging' but concerns remain GENEVA (AFP): The pace of East Asian economic recovery following the 1997 financial crisis has been "encouraging" but reasons for concern remain, a new United Nations report said. Malaysia's positive influence on the region in pursuing policies to overcome the crisis played a particularly important role, the report by the UN Conference on Trade and Development (UNCTAD) said.

Father, son show individual art styles

Father, son show individual art styles By Pavan Kapoor JAKARTA (JP): Every once in a while, in the garden of the art world there blossoms a new fragrance - a new art gallery has opened it's doors. It is an occasion for painters and art lovers to feel an uplifting of the spirit at the revelation that the winter of crisis has taken one step back from the arena of Indonesian art and spring is not far behind. The Linda Gallery is one such blossom that has recently opened in Jl. Kemang Raya.

To William Cohen

To William Cohen Sir, you have issued a stern warning to Indonesia to control the East Timorese militia. But what did you do when East Timor was still under Indonesian administration in respect of the so- called clandestine rebels? You and the West granted them refugee status, provided political and military support as well as awarding them generous Nobel prizes. They killed each other and the West did nothing to stop them.

SLP Penabur wins quiz contest

SLP Penabur wins quiz contest JAKARTA (JP): A team of students from privately-owned SLP Penabur junior high school beat 80 other teams competing in the English Quiz competition on Wednesday. They were followed by rival teams from SLP Bellarminus, also a private school, and state SLP Negeri 29.

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 20, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

MAS-Qantas talks abandoned

MAS-Qantas talks abandoned KUALA LUMPUR (AFP): Talks between loss-making flag carrier Malaysian Airline System (MAS) and Qantas on a possible investment by the Australian airline are "as good as abandoned," a report said Wednesday. The Business Times quoted a senior official of Khazanah Nasional Bhd., the government's investment arm, as saying that a deal presented by Qantas was found to be too much in its favor. Khazanah had been widely expected to buy a 29 percent stake in MAS from Naluri Bhd.

Xenophobic nationalism

Xenophobic nationalism The attack on the United States consulate in Surabaya last week and the burning of the U.S. flag by protesters outside the American Embassy in Jakarta on Tuesday are disturbing signs that xenophobic sentiments are on the rise again in this country. It is even more unfortunate that such sentiments have been fanned by the country's own leaders.

Return of state funds halts inquiry into Rp 7.1b scam

Return of state funds halts inquiry into Rp 7.1b scam JAKARTA (JP): Assistant to the Head of Special Crimes at the Jakarta Prosecutor's Office Andi Sjarifuddin said on Wednesday that the return of "unaccounted" funds established that his office had no case in the Rp 7.1 billion corruption scam at state-owned insurance company PT Jamsostek. "Of the Rp 7.1 billion, some Rp 4.6 billion was returned to PT Jamsostek. The rest was used to buy electronic equipment like computers.

BI revises rules on overnight loan facility

BI revises rules on overnight loan facility JAKARTA (JP): Banks facing funding problems can now get an overnight loan facility from Bank Indonesia (BI) as a lender of last resort by ceding the central bank's SBI promissory notes or treasury bonds as collateral. This new ruling was announced by the central bank on Wednesday for its overnight loan facility to be provided for banks facing illiquidity problems.

Sang Timur school wins English debate contest

Sang Timur school wins English debate contest JAKARTA (JP): SMU Sang Timur from Jakarta won the inaugural English debating competition among high schools in Indonesia on Tuesday after successfully defending a position that "developed countries should have a monopoly over nuclear weapons".

Proton recalls top model amid scandal

Proton recalls top model amid scandal KUALA LUMPUR (AFP): Malaysian auto manufacturer Proton said Wednesday it would recall for inspection all 6,210 Proton Perdana models produced in 1995 following a cover-up scandal by its manufacturing Japanese partner Mitsubishi. Perusahaan Otomobil Nasional Bhd. (Proton) said it had been advised by Mitsubishi Motors Corp.

Prosecutors' office 'too slow'

Prosecutors' office 'too slow' MAKASSAR, South Sulawesi: Anti Corruption Committee (ACC) members marched to the Provincial Prosecutors' Office on Tuesday in protest against the office's sluggish handling of corruption cases. The group said the current situation was reducing people's trust in law enforcers. "We are here to know the progress made by the Provincial Prosecutors' Office," ACC spokesman Abraham Samad said after meeting with TH Panggabean, the head of the office.

Oil sails higher, U.S., EU, OPEC meeting urged

Oil sails higher, U.S., EU, OPEC meeting urged LONDON (Reuters): Oil prices vaulted to another 10-year high on Wednesday prompting the International Monetary Fund to warn that rising fuel costs are casting a shadow over the global economic outlook. France said it would propose to this weekend's meeting of the Group of Seven finance ministers immediate talks between representatives of the United States, the European Union and the OPEC.

Indosat ready to go ahead with divestment

Indosat ready to go ahead with divestment JAKARTA (JP): Publicly listed international telephone operator PT Indosat said on Wednesday it was optimistic it would be able to meet the government's requirement to divest of its holdings in at least two non-core businesses by the end of this year. Company operations and technical director Garuda Sugardo said the company was close to finalizing its immediate divestment plan and had figured out which of its dozens of subsidiaries would be given up.

S'pore ministry in graft scandal

S'pore ministry in graft scandal SINGAPORE (AFP): Singapore's Ministry of Defense (MINDEF) failed to report payments of up to S$1 billion (US$581 million) to the Auditor-General's office, The Straits Times reported on Wednesday. The Auditor-General's report said MINDEF topped the list of ministries with nine cases of irregularities in its audit of the government's accounts for the year ended March 31.

Bogor hookers arrested

Bogor hookers arrested BOGOR (JP): Bogor police arrested 167 prostitutes, 14 alleged customers and two brothel operators in a raid on several places in three districts on Tuesday. Bogor City Police chief Supt. Bambang Wasgito told reporters on Wednesday that the people were picked up from street stalls, hotels, villas and karaoke halls. "They were charged with disturbing public order," Bambang said. He did not say what punishment the people would get for the offense.

Supporters of jailed Anwar hold rally in Kuala Lumpur

Supporters of jailed Anwar hold rally in Kuala Lumpur KUALA LUMPUR (Agencies): About 100 supporters of jailed former finance minister Anwar Ibrahim shouted anti-government slogans in Malaysia's capital on Wednesday to mark the end of his second year in custody. The demonstrators outside the National Stadium shouted "Reformasi" (Reform), the rallying cry of Anwar's movement that seeks to end Prime Minister Mahathir Mohamad's 19-year rule.

Disarmament of Timor militias starts next week

Disarmament of Timor militias starts next week UNITED NATIONS (Agencies): Indonesian officials presented to the UN Security Council its timetable for disarming militias cloistering in West Timor, but continued its rejection on the sending of a council mission to Jakarta to discuss the crisis. Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono briefed council members on Tuesday on measures Indonesia would take to quell the militias.

No problems on gasoline stock, says Pertamina

No problems on gasoline stock, says Pertamina JAKARTA (JP): State-owned oil company PT Pertamina has beefed up its stock of gasoline around the capital in case of panic buying ahead of a 12 percent increase in prices next month. With the additional stock, Pertamina will be ready to deal with potential shortages ahead of, or after the price hike, which is scheduled for Oct. 1, company spokesman Ramli Djaffar told The Jakarta Post on Wednesday.

Stop terrorism!

Stop terrorism! From Suara Karya After the bomb blast in front of the Philippine ambassador's residence on Jl.Imam Bonjol, Central Jakarta, early in August, an even larger bomb was detonated in the Jakarta Stock Exchange building on Jl. Sudirman, Jakarta, on Sept. 13. This means that within a space of only two months, two devastating bombs have rocked Jakarta.

Bank Muamalat sues IBRA

Bank Muamalat sues IBRA JAKARTA (AFX-ASIA): Bank Muamalat has filed a civil suit with the South Jakarta District Court against the Indonesian Bank Restructuring Agency (IBRA) and Bank Tiara Asia for an alleged unpaid debt of Rp 25.4 billion (about US$2.9 million) which it claims to have matured in February 1999, prosecution lawyer Artidjo Alkostar said.

Conoco-Premier row 'not to affect Malaysian gas sales'

Conoco-Premier row 'not to affect Malaysian gas sales' JAKARTA (JP): The dispute involving gas producers in the West Natuna section of the South China Sea would not affect the current negotiations for gas sales between the Indonesian state oil and gas company Pertamina and its Malaysian counterpart Petronas, a Pertamina official said on Wednesday.

About garbage fees

About garbage fees From Warta Kota Warta Kota reported on Sept. 7, 2000 that the Jakarta administration was planning to increase the garbage fee and that it would be paid along with electricity bills, not through the executive boards of neighborhood community/associations (RT/RW), as is the practice now. I take exception to the change because it is the RT/RW heads that best know which garbage belongs to which member of the neighborhood.

The future of toll road investment

The future of toll road investment This is the first of two articles on Indonesia's toll road sector by Heru Dewanto, the executive director of the Jakarta- based Center for Technology and Industry Development. JAKARTA (JP): The Asian economic crisis has cast a long, though uneven shadow over the region. It also has led to a severe decline in infrastructure investment in Indonesia.

Wake up call for Indonesia's President Abdurrahman

Wake up call for Indonesia's President Abdurrahman NEW DELHI: It's true that Abdurrahman Wahid took on the challenge of being Indonesia's first elected President in four decades in a bit of a mess. In July this year, government auditors came up with the revelation that 46 percent of the country's state funds, roughly 11 times the amount promised by the IMF, had vanished without a trace, during the 1998-1999 fiscal year. Abdurrahman was not then in charge and, therefore, is not being blamed.

Clean Up Bali 2000 targets precious coastline

Clean Up Bali 2000 targets precious coastline DENPASAR, Bali (JP): Several private companies, NGOs, schools, and concerned individuals joined forces this week for Clean Up Bali 2000, a massive event aimed at cleaning Bali's precious yet polluted coastline, and raising the level of people's awareness about significant environmental issues. "The idea behind the cleanup is simple.

Analysis of chaos in regent elections

Analysis of chaos in regent elections The election of regents is one important feature of autonomy. But chaos colored the election recently in Sampang on Madura, East Java, and earlier in several other regencies, such as Malang and Mojokerto.Pratikno of Gadjah Mada University, who has conducted intensive research into regional autonomy, says local politicians must share the blame.

Cimande bridge closed for repairs

Cimande bridge closed for repairs BOGOR (JP): The 45-meter-long and seven-meter-wide Cimande bridge, the major connection between Ciawi and Sukabumi, will be temporarily closed to traffic from next Thursday until end of this year. Head of the road construction agency of the West Java Public Works Rohman said on Friday repair work on the 10-year-old steel construction bridge was expected to be accomplished in December.

Microsystems, Metrodata tie up

Microsystems, Metrodata tie up JAKARTA (JP): Sun Microsystems Inc of Singapore announced on Wednesday its plan to form a joint venture with PT e- Metrodata.Com to distribute its products and services in Indonesia. In the new US$5 million company to be called PT Sunmicrosystem Indonesia, Singapore's leading provider of industrial hardware and software has a 49 percent equity while e-Metrodata, a subsidiary of publicly listed PT Metrodata Electronic, controls the rest.

Gus Dur meets Chinese party delegates

Gus Dur meets Chinese party delegates JAKARTA (JP): In an event which would have been almost unthinkable just a few years ago, President Abdurrahman Wahid met on Wednesday with visiting delegates from the Chinese Communist Party. Speaking through an interpreter after the meeting at the Presidential Palace, head of the eight-member delegation Dai Bingguo said the visit was in response to an invitation by PKB leaders.

French hostages back home after daring escape

French hostages back home after daring escape MANILA (Reuters): Two French television journalists flew home from the Philippines on Wednesday after escaping from the Abu Sayyaf rebel captors under cover of darkness and spending a nerve-wracking night hiding in the jungles under pouring rain. They were among 19 hostages held by the Abu Sayyaf rebels on the southern island of Jolo and said they slipped away in the confusion as the guerrillas fled under the onslaught of a military assault.

President discharges Fachrul

President discharges Fachrul JAKARTA (JP): President Abdurrahman Wahid discharged Indonesian Military (TNI) deputy chief Gen. Fachrul Razi on Wednesday and left the position vacant as part of a military restructuring program, his senior aide announced on Wednesday. Presidential Military Secretary Rear Marshal Budhy Santoso said Abdurrahman had personally given the decree, dated Wednesday, to Fachrul during a meeting at Merdeka Palace on Wednesday morning.

Palm oil futures close with reduced gains

Palm oil futures close with reduced gains KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed with pared gains on Wednesday due to a lack of follow-through buying ahead of private forecaster Ivan Wong's crop estimates for September due on Thursday. Export data for September 1-20 and overnight gains by Chicago soyoil futures had supported earlier prices, but worries remained over growing domestic stocks.

Two die, 17 injured in a boat attack

Two die, 17 injured in a boat attack AMBON, Maluku: At least two people died and seventeen others were injured when a passenger vessel KM Anda II was intercepted and attacked with a spray of bullets by gunmen in the waters off Dalam Bay on Tuesday. "The vessel which was carrying some 70 passengers, was heading for Halong port when it was intercepted by three speed boats. "The speed boats surrounded our vessel and the gunmen fired at us.

APEC economies to sustain region's economic rebound

APEC economies to sustain region's economic rebound BANDAR SERI BEGAWAN (AFP): Asia-Pacific economies will sustain the region's economic rebound but potential minefields lay ahead in terms of rising oil prices and a slackening in global demand, a report released here Wednesday said. "There are clear indications that the economic recovery that started in early 1999 can be sustained in the short-term period as the Asian crisis appears to have fully run its course," the report said.

Aprisindo seeks fair remuneration system

Aprisindo seeks fair remuneration system JAKARTA (JP): Labor-intensive footwear companies called on the government on Wednesday to do away with minimum wages and set a fair remuneration system to help them become more competitive in global trade. The Indonesian Footwear Association (Aprisindo) said the monthly minimum wages were unfair because they had been set without considering the companies' financial conditions and low quality of human resources.

Maan defies cold to take over lead

Maan defies cold to take over lead TANGERANG, West Java (JP): A cold did not stop Maan Nasim from playing his best game on Wednesday, shooting him to the top of the standings at the Andersen Consulting Challenge golf tournament at the Bumi Serpong Damai golf course here. One of the country's most experienced golfers fired a blistering five-under-par 67, thanks in part to four birdies at holes four, six, seven and nine at the first nine. On the back nine, he sank another birdie at hole 18.

Bob Hasan faces life sentence over alleged scam

Bob Hasan faces life sentence over alleged scam JAKARTA (JP): Timber baron Muhamad "Bob" Hasan looked diminutive in his seat on Wednesday as he faced a possible life sentence after being accused by prosecutors of scamming millions of dollars from the state and the Association of Indonesian Forest Concessionaires (APHI).

PSN introduces satellite-based cellular service

PSN introduces satellite-based cellular service JAKARTA (JP): Satellite-based telecommunications services provider PT Pasifik Satellite Nusantara (PSN) introduced on Wednesday the first Indonesian satellite service for GSM networks. PSN Director of Operations Rian Alisjahbana said the service, brand named Byru, will enable GSM cell phone users to make calls from isolated areas, not covered by conventional GSM networks.

Moral decadence

Moral decadence The whole affair almost reduces me to tears but I can't help being deeply grateful for the patriotic concern expressed by Irawan Kadarman and the contempt and indignation set to paper by Donna K. Woodward (The Jakarta Post, Sept. 18, 2000) concerning the disgraceful globetrotting being contemplated by 90 members of the People's Consultative Assembly.

Fire razes Bali's biggest market

Fire razes Bali's biggest market DENPASAR, Bali (JP): A fire ravaged Badung market, known as the biggest market on the paradise island of Bali, on Wednesday, destroying more than 1,800 shops and kiosks. No fatalities were reported, but the authorities believe the fire caused billions of rupiah in losses. Eye witnesses said the fire started at the four-story building at about 2 p.m. local time at the southern section of the building's ground floor.

Flexible curricula

Flexible curricula The headline Kids learn boxing to stop brawling (The Jakarta Post, Sept. 9, 2000) has really intrigued me as I am interested in education and, more particularly, in curricula. Dudi Effendi, a teacher at SMK Grafica Lektur who watched the bout, said he was hopeful that the program could reduce the frequency of student brawls.

Mulia restructures debt

Mulia restructures debt JAKARTA (JP): Publicly listed floor tile and glass distributor PT Mulia Industrindo said on Thursday it and its subsidiaries had reached an agreement with creditors on terms for the restructuring of its US$260 million debt with them.

Spotlight

Spotlight Photo A: ANZ SYNERGY: Bank Danamon and ANZ Panin Bank sign a working contract on Best Nationwide Banking vision, where ANZ Panin credit-card holders can now pay their bills at any Bank Danamon branch. Present at the signing on Sept. 8, 2000, was (from right) Bank Danamon Directors Armand B. Arief and Muliadi Rahardja, ANZ Panin Vice President Card Budiman Poeji Rahardjo, Bank Danamon President Director Milan R. Shuster and ANZ Panin President Director Scott Armstrong.

Dibyo denies attending meeting at Cendana

Dibyo denies attending meeting at Cendana JAKARTA (JP): Former National Police chief Gen. (ret) Dibyo Widodo denied on Wednesday that he attended a meeting at Soeharto's house where the former president ordered several top officials from the military and the police to retake the Indonesian Democratic Party (PDI) headquarters on July 27, 1997. Dibyo's denial was given by his lawyer O.C.

The virtue of democracy indispensable

The virtue of democracy indispensable A number of friendly countries have suggested solutions to Indonesia's problems. Kusnanto Anggoro, a senior researcher at the Centre for Strategic and International Studies and a lecturer in the postgraduate studies program at the University of Indonesia in Jakarta discusses these proposals. JAKARTA (JP): President Abdurrahman Wahid is struggling for survival, with the shadow of the old regime posing serious challenges for him.

New team of medical doctors to check Soeharto's health

New team of medical doctors to check Soeharto's health JAKARTA (JP): Attorney General's Office spokesman Yushar Yahya announced on Wednesday that a new team of medical experts would thoroughly examine former president Soeharto before the next session of his corruption trial on Sept. 28, 2000. Yushar said the independent 24-member team planned to examine Soeharto at Cipto Mangunkusumo General Hospital for two days.

Oil price to slide with output increase

Oil price to slide with output increase JAKARTA (JP): Secretary-general of the Organization of Petroleum Exporting Countries (OPEC) Rilwanu Lukman was upbeat OPEC members would be able to pump an additional 800,000 barrels per day (bpd) into the market next month and the oil price would, thereafter, start going down. He said he did not expect the oil price to reach US$40 this winter, as feared by many.

City expects surplus revenue of $77 million

City expects surplus revenue of $77 million JAKARTA (JP): Governor Sutiyoso on Wednesday submitted a proposal to the council to amend the ongoing (April-December) 2000 city budget following an unexpected surplus in the city's revenue which could reach around Rp 669.7 billion (US$77 million) by the end of the period.

RI galleries to take part in ArtSingapore 2000

RI galleries to take part in ArtSingapore 2000 JAKARTA (JP): Four Indonesian galleries, along with another 17 galleries from Asia, will take part in ArtSingapore 2000 next week. The Darga Gallery, Embun Gallery, and the Graha/Siont Gallery will present contemporary artworks by Indonesia's best-known artists in the art fair that will open on Sept. 28 and run until Oct. 3, 2000.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 20, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 835 85 479,000 Adindo Foresta Indonesia 205 0 498,000 Alakasa Industrindo 500 0 0 Alfa Retailindo 810 -20 18,500 Alter Abadi 210 0 0 Alumindo Light Metal 1,005 0 0 Aneka Kimia Raya 290 -5 30,000 Aneka Tambang (Persero) 1,005 -5 1,479,000 Anwar Sierad 300 0 0 APAC Centertex Corp.

Where to go in Bali:

Where to go in Bali: Exhibitions * Photo Exhibition Borneo: Air Mata Api, Borneo, Tears of Fire by Rama Surya at Komaneka Fine Art Gallery, Monkey forest, Ubud, Gianyar, Bali (Phone: 0361 976090), through Oct. 14. * Painting Exhibition: Kebiar Seni VI Bibit, at Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), from 8 a.m. to 4 p.m., through Oct. 2. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m.

Notorious car thieves busted

Notorious car thieves busted JAKARTA (JP): City Police detectives have arrested two groups of car thieves earlier this month at separate locations, including the notorious gang known for always killing their victims after robbing them, spokesman Supt. M. Nur H. Usman said on Wednesday. Nur said the vicious group, which consisted of three men aged between 22 and 27 years old, operated by drowning their victims after pretending to rent their cars.

American arrogance

American arrogance East Timor is once again becoming a thorn in Indonesia's side. Even though it has become an independent country, the old thorn still hurts and is causing Indonesia's image to bleed. This time it is even threatening a halt in all international economic aid to Indonesia. That threat was conveyed not by just any country, but by the U.S. Secretary of Defense, William Cohen, and it was conveyed directly to President Abdurrahman Wahid.

Violence in troubled Aceh claims more lives

Violence in troubled Aceh claims more lives BANDA ACEH, Aceh (JP): The latest violence, which broke out in different parts of the troubled province over the past two days, has claimed at least five lives and injured four others, a police officer said on Wednesday. North Aceh Police chief Supt. Abadan Bangko said four residents died when a patrol of security officers took a group of young men in Bang Nibong village, Samudra subdistrict, North Aceh regency, for armed rebels.

E. Java complains of numerous VIP visits

E. Java complains of numerous VIP visits SURABAYA (JP): The frequent visits of Jakarta VIPs have swallowed up the East Java annual protocol budget, an official said on Tuesday. East Java Provincial Secretary Soenarjo told reporters that this year his office allotted Rp 1 billion for special guests from Jakarta. "But the fund has been depleted in 10 months.

Two Indonesian pairs move into finals, Hendrawan survives

Two Indonesian pairs move into finals, Hendrawan survives By Primastuti Handayani SYDNEY (JP): Hendrawan kept Indonesia's hopes of winning the badminton men's singles title in the 2000 Olympic Games alive after he edged out world champion Sun Jun of China 15-13, 15-5 on Wednesday for a place in the semifinals. The win made up for the shock defeat of top seed Taufik Hidayat, who was sent packing by Chinese Ji Xinpeng 12-15, 5-15 in another quarterfinal.

New doors open to the mystery of Rawana

New doors open to the mystery of Rawana By I Wayan Juniarta DENPASAR, Bali (JP): Two scholars shed new light on the character of Rawana (or Ravana) during a three-day International Conference on Ramayana and Mahabharata held here last week. Rawana is the embodiment of evil. It was Rawana who abducted the beautiful Sita -- the wife of Lord Wisnu's incarnation, Rama, and in doing so, this King of Alengka started a chain of tragic events that ended in the loss of his throne, and his life.

Two great epics offer social guidance in Asia

Two great epics offer social guidance in Asia By Rita A. Widiadana JIMBARAN, Bali (JP): For several centuries, Ramayana and Mahabharata epics have remained as part and parcel of social milieu of many countries in Asia. Over time, variations of Ramayana and Mahabharata have been adopted in the southern part of Asia according to local cultures, ethos and religious beliefs.

Councillors ask for land and cars

Councillors ask for land and cars JAKARTA (JP): City councillors took office less than a year ago, bringing with them high expectations from the public, but now stories are appearing in the media that these same councillors have picked up the bad habits of their predecessors. Over the past several days, the 85 members of the City Council have been the subject of numerous page-one stories in the local media because of their proposal that the city provide them with land and cars.

Cheap Indonesian cement seen as solid opportunity

Cheap Indonesian cement seen as solid opportunity JAKARTA (Reuters): Most foreign investors may have dropped Indonesia from their list, but in the cement world the country is attracting global players by offering some solid and cheap opportunities. Three major world producers -- Mexico's Cemex, Germany's Heidelberger Zement AG and Switzerland's Holderbank -- are either raising their stakes or acquiring new ones in leading Indonesian cement makers.

East Timor human rights trial should go on: Muladi

East Timor human rights trial should go on: Muladi JAKARTA (JP): A member of the defense team representing military officers accused of violence in East Timor last year said on Wednesday they would not use the "non-retroactive principle" recently inserted into the 1945 Constitution to dodge a trial. "Although the article seems to benefit us, we will not use it.