Indonesian Political, Business & Finance News

Archive: 28 September 2000

56 articles found

Brunei withdraws from Tiger Cup

Brunei withdraws from Tiger Cup KUALA LUMPUR (AFP): Brunei has withdrawn from Asia's premier football tournament, the Tiger Cup, being held in Thailand between Nov. 4 and 18, the Asean Football Federation (AFF) said Wednesday.

Mitsui, Takeda Chemical tie up

Mitsui, Takeda Chemical tie up TOKYO (Dow Jones): Mitsui Chemicals Inc. and Takeda Chemical Industries Ltd. on Wednesday agreed to consolidate their urethane operations in a new joint venture.The companies will set up a joint company, Mitsui Takeda Chemicals Inc.

Conoco strikes Vietnam oil

Conoco strikes Vietnam oil HANOI (Reuters): Conoco Inc said it and foreign and local partners have discovered oil off Vietnam's southeast coast with an exploratory well flowing 5,600 barrels per day (bpd).A Conoco statement said the find was from the first well drilled in Vietnam's block 15-1.

Mental focus key in Olympics: Indonesian shuttlers

Mental focus key in Olympics: Indonesian shuttlers SYDNEY (JP): In such a high level competition like the Olympics where everyone has technical skills, mental resilience and ability to focus differentiates between winners and losers, Indonesian medalists Tony Gunawan and Hendrawan said.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 27, 2000: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 945 70 1,998,000 Adindo Foresta Indonesia 125 -25 5,443,500 Alakasa Industrindo 430 0 0 Alfa...

Gus Dur struggles to control TNI

Gus Dur struggles to control TNIBy Kusnanto Anggoro JAKARTA (JP): There has been a "retreat of the generals" brought about by the downfall of Soeharto, international pressure, and the rise of the "democratic wave".President Abdurrahman Wahid may have brought the military under civilian control.

20 firms reported to antimonopoly commission

20 firms reported to antimonopoly commission JAKARTA (JP): As many as 20 companies have been reported to the newly established anti-monopoly commission for alleged unfair business practices, a commission member has said.

Bank UOBB changes name

Bank UOBB changes name JAKARTA (JP): United Overseas Bank Ltd. (UOB) announced on Wednesday its subsidiary PT United Overseas Bank Bali (UOBB) had changed its name to PT Bank UOB Indonesia.The Singapore-based bank said in a statement on Wednesday the change was approved by the Ministry of Justice...

Hative Besar village death toll rises to 19

Hative Besar village death toll rises to 19 AMBON, Maluku (JP): Residents in Hative Besar village on Ambon island found on Wednesday 10 more bodies among the debris of houses burned in a communal clash on Tuesday, bringing the death toll to at least 19.

Retail chain Indomart denies monopoly charges

Retail chain Indomart denies monopoly charges JAKARTA (JP): PT Indomarco Prismatama denied accusations on Wednesday that its retail chain Indomart was operating a monopoly by only selling items produced by its parent company PT Indofood.

More rain in Medan, says BMG

More rain in Medan, says BMG MEDAN, North Sumatra: Heavy rain which has pounded the city almost daily over the past week will likely continue for another three weeks, the Meteorology and Geophysics Agency (BMG) said on Wednesday.

127 families of transmigrants face uncertainty

127 families of transmigrants face uncertainty PADANG, West Sumatra (JP): As many as 127 families from Aceh, who had to leave the restive town for security reasons, are facing uncertainty in West Sumatra.

Bali still favorite holiday site for Aussies

Bali still favorite holiday site for AussiesBy Rob Goodfellow WOLLONGONG, Australia (JP): Bali, "Tropical Paradise", "Island of the Gods", "The Morning of the Earth" has reclaimed its position as the number one holiday destination for Australians.

Darga Gallery awards Indonesia's foremost art critic

Darga Gallery awards Indonesia's foremost art criticBy I Wayan Juniarta SANUR, Bali (JP): The Darga Gallery in Sanur has proven its commitment to enhance the development of art in Indonesia by bestowing an award on one of Indonesia's most noted art critics, the late Sanento Yuliman.

House fails to represent the people, survey says

House fails to represent the people, survey says JAKARTA (JP): A survey conducted by the Indonesian Consortium for Public Opinion Polling found there was a great divide between the aspirations of the people and the actions of the House of Representatives.

Dedi Cusak, the No. 1 enemy of all geckos

Dedi Cusak, the No. 1 enemy of all geckos PONTIANAK, West Kalimantan (JP): Dedi Cusak demonstrates his gecko-swallowing skills.Dedi is definitely the No. 1 enemy of all geckos and their kindred.The heavily tattooed bachelor who hails from Menpawah, Pontianak regency, eats the lizards alive as a...

CGI-Indonesia meeting to go ahead in Tokyo

CGI-Indonesia meeting to go ahead in Tokyo PRAGUE (Reuters): The next meeting of the Consultative Group for Indonesia (CGI) will go ahead as planned in Tokyo on October 17-18 after a successful meeting with the World Bank here, World Bank president James Wolfensohn said on Wednesday.

Enduring political woes in SE Asia weigh on investors

Enduring political woes in SE Asia weigh on investors TOKYO (Reuters): From revolt in the southern Philippines to ethnic clashes in Indonesia, the political agonies that have helped to drag down Southeast Asian markets this year are unlikely to ease any time soon.

Jail term demanded for accomplice in Matori case

Jail term demanded for accomplice in Matori case JAKARTA (JP): Prosecutor Abdul Kamar Badrun demanded the South Jakarta District Court on Wednesday sentence defendant Achmad Tazul Arifin, 33, the man charged with complicity in the attempted murder of National Awakening Party chairman Matori Abdul...

Malaysia's first micro-satellite

Malaysia's first micro-satellite KUALA LUMPUR (AP): A small Malaysian observation satellite has been launched from a Russian cosmodrome in Kazakstan, one month after technical problems kept it from heading into space, the national Bernama news agency reported Wednesday.

Kumara Sari Children's Gamelan & Dance Club at ARMA

Kumara Sari Children's Gamelan & Dance Club at ARMABy Barbara Anello UBUD, Bali (JP): Ketut Tutur at age 70 is as spry as the 12- year-olds he teaches at the Agung Rai Museum of Art (ARMA)"My passport says 1935, but actually I was born in 1930," he said with a wink.

Japanese arrested in RP with fake yen

Japanese arrested in RP with fake yen MANILA (AP): Philippine police have arrested a Japanese who allegedly distributed counterfeit yen bills in the country, police said Wednesday.Toshiharu Mitsui, 49, an employee of a computer company in Okinawa, was arrested Monday in Manila with 24 counterfeit...

Conversion Rates

Conversion Rates Bank Indonesia's conversion rates on Sept. 27, 2000: Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,265.00 9,265.00 8,721.00 8,809.00Australian dollar 1 4,533.35 5,086.49 4,783.47 4,836.14Austrian schilling 1 529.83 594.00 559.06 564.

Militiamen warned to surrender arms

Militiamen warned to surrender arms JAKARTA (JP): Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono has strongly warned militia members in West Timor to relinquish their arms or face strong action.

A humane dialog

A humane dialog Indonesia's westernmost province is quite aptly called the special provincial territory of Aceh. Before World War II, the ruling Dutch, who had established their authority elsewhere in the archipelago during the course of the 18th and 19th centuries, managed to pacify the territory...

Army chief vows to help police fight terrorism

Army chief vows to help police fight terrorism JAKARTA (JP): Army Chief of Staff Gen. Tyasno Sudarto pledged on Wednesday to assist the National Police in its fight against terrorism, and said stern measures would be taken against soldiers involved in such acts.

Law expert justifies anti-corruption team

Law expert justifies anti-corruption team JAKARTA (JP): Law expert Loebby Loqman justified on Wednesday the establishment of a team to investigate corruption cases pending the establishment of a commission in two years time.

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.

BI benchmark rate up slightly to 13.62%

BI benchmark rate up slightly to 13.62% JAKARTA (JP): The benchmark interest rate on the one-month Bank Indonesia SBI promissory note increased by two basis points to 13.62 percent during the Wednesday weekly auction, the central bank said in a statement.

Council rejects fuel hike

Council rejects fuel hike MAKASSAR, South Sulawesi: Makassar students lauded on Wednesday their provincial councillors for refusing the central government's plan to increase fuel prices, planned to take effect next month."Thumbs up and hats off for the council.

Vice President tells Kopassus to improve image

Vice President tells Kopassus to improve image JAKARTA (JP): Vice President Megawati Soekarnoputri encouraged the Army's Special Forces (Kopassus) to rehabilitate its tarnished image following the arrest of a Kopassus soldier implicated in the recent bomb blast at the Jakarta Stock Exchange (JSX)...

Illegal joint ads

Illegal joint ads We have learnt that PT Dayacipta Megakreasi, Jl. Mampang Prapatan X No. 37 B, Jakarta 2790, has sent a proposal to Garuda's working partners on the publication of a joint advertisement to congratulate Garuda for The Best in Achieving Total Customer Satisfaction award that it...

Council urges meeting on fuel hike plan

Council urges meeting on fuel hike plan JAKARTA (JP): City council proposed on Wednesday a meeting between the Organization of Land Transportation Owners (Organda) and the City Land Transportation Agency (DLLAJ) to find a solution acceptable to all parties affected by fuel prices hikes scheduled...

Huge funds needed to free Jakarta from floods: Sutiyoso

Huge funds needed to free Jakarta from floods: Sutiyoso JAKARTA (JP): The capital will never be free from floods unless it has a drainage canal at the city's east and west border areas to facilitate drainage to the sea, Governor Sutiyoso said.

Quake shakes West Sumatra

Quake shakes West Sumatra PADANG, West Sumatra: An earthquake measuring 4.5 on the Richter scale rocked the province of West Sumatra at 12:13 p.m. on Tuesday, an official said.The spokesman for the West Sumatra Meteorology and Geophysics Agency, Sudadi, was quoted by Antara as saying the epicenter...

Railroad Day and the Ambarawa Museum

Railroad Day and the Ambarawa MuseumBy Tjahjono Rahardjo SEMARANG (JP): On Sept. 28, 1945, newly independent Indonesia took over the management of its railroads from the defeated Japanese occupation authorities. This day has been designated as Hari Kereta Api (Railroad Day).

Action against militias may help strengthen rupiah

Action against militias may help strengthen rupiah WASHINGTON (Dow Jones): Indonesia's Coordinating Minister of Economy and chief negotiator with the International Monetary Fund Rizal Ramli Tuesday expressed optimism that the government would bring its military forces under control, a key to...

No more medals for Indonesia as Juana crashes

No more medals for Indonesia as Juana crashesBy Primastuti Handayani SYDNEY (JP): The second-round defeat of Juana Wangsa Putri in the 49kg division of women's taekwondo on Wednesday virtually buried Indonesia's hopes of adding medals to its collection.

PT Telkom, AriaWest end partnership

PT Telkom, AriaWest end partnership BANDUNG (JP): State-owned telecommunications company PT Telkom and its foreign partner, PT AriaWest International, have agreed to end their long-running conflict over the management of the telephone business in West Java with the termination of their Joint...

Leuser Park

Leuser Park Most national parks in Indonesia have suffered from illegal logging and encroachment. It is widely known that forestry, officials, police and military personnel, and businessmen are most responsible for encroaching on national parks.

Council may approve city budget amendment proposal

Council may approve city budget amendment proposal JAKARTA (JP): The City Council is considering approving Governor Sutiyoso's proposal to amend the April-December 2000 city budget to include the Rp 669.7 billion (US$77 million) surplus from the previous budget.

HK firm takes stake in Malaysian port

HK firm takes stake in Malaysian port KUALA LUMPUR (AFP): Hong Kong-based Hutchison Port Holdings (HPH) has bought a major stake in one of Malaysia's largest container ports, it was announced Wednesday.

Thieves make off with cash and gold

Thieves make off with cash and gold JAKARTA (JP): A gang of eight thieves broke into a store on Jl. Kemal Jaya in Tegal Alur, West Jakarta, on Monday and made off with four kilograms of gold, Rp 244 million in cash and some documents.

Over 16 percent of Indonesian families classified as poor

Over 16 percent of Indonesian families classified as poor JAKARTA (JP): The economic crisis is still gripping the country, with the number of poor families rising from 6.9 million last year to 7.7 families this year, according to the results of a new survey.

TV today

TV todayTVRI 5:30 a.m. Religious Teachings 6:00 News 8:00 Olympics Program 12:30 p.m. Interval 2:00 News 2:30 Olympics Program 6:30 Religious Teachings 7:00 Evening News 7:30 TV Drama 8:00 Olympics Program 9:00 News 9:30 Film: If Someone Had Known 10:30 NewsProgram 2 5:30 p.m.

Arrest of bombing suspects illegal: PBHI

Arrest of bombing suspects illegal: PBHI JAKARTA (JP): The Indonesian Legal Aid and Human Rights Association (PBHI) on Wednesday claimed the police had unlawfully arrested the suspected bombers of the Jakarta Stock Exchange (JSX) building.

Spotlight

SpotlightPhoto A: AgribusinessAGRI-BUSINESS CLUB: The Agri-Business Club launches www.Agribusinessclub.com on its 11th anniversary. Celebrating on stage on Sept. 26 were (from left to right) Agri-Business Club deputy chief M Samadikun Hardjodarsono, chief H Sardjono Reksodimulyo, secretary-general...

Lawyers charge dossier on tycoon Bob Hasan deficient

Lawyers charge dossier on tycoon Bob Hasan deficient JAKARTA (JP): Lawyers of timber baron Muhamad "Bob" Hasan accused state prosecutors on Wednesday of coming up with an incomplete dossier on the defendant, who has been charged with swindling hundreds of millions of dollars from the state and the...

Focusing on embargo threats and unaccountable funds

Focusing on embargo threats and unaccountable funds Calls for an embargo can be understood while the inability to secure all public assets poses the threat of an increasingly declining public trust in the government, says political economist Revrisond Baswir, who teaches at the Gadjah Mada...

Global Teleshop goes online

Global Teleshop goes online JAKARTA (JP): Mobile phone distributor PT Cipta Multi Usaha Perkasa (MUP) introduced on Wednesday its online shopping site at www.globalteleshop.com."The site is an extension of our retail shops, Global Teleshop," project manager for Global Teleshop Online Andreas...

Government says it will not bailout Tuban center

Government says it will not bailout Tuban center JAKARTA (JP): The government has no plan to bail out the financially-troubled US$2.3 billion integrated petrochemical industry in Tuban, East Java, according chairman of the Indonesian Bank Restructuring Agency (IBRA) Cacuk Sudarijanto said.

Sapuan followed Bulog procedures, witnesses say

Sapuan followed Bulog procedures, witnesses say JAKARTA (JP): Two executives of the State Logistics Agency (Bulog)'s employee foundation, Yanatera, said on Tuesday former Bulog deputy chief Sapuan followed procedures when he ordered the release of Rp 35 billion earlier this year.

Six die of food poisoning

Six die of food poisoning BULUKUMBA, South Sulawesi (JP): At least six people have died and 27 others are in intensive care following an outbreak of food poisoning after they consumed fish that was bought at the local market last week.

BPK report 'led to Tommy's sentence'

BPK report 'led to Tommy's sentence' JAKARTA (JP): While court officials disputed the ruling, Supreme Court director for criminal cases Djoko Sarwoko said on Wednesday that "old evidence" had led justices to sentence former president Soeharto's youngest son Hutomo "Tommy" Mandala Putra to 18 months...

Asian currencies mostly up late

Asian currencies mostly up late SINGAPORE (Dow Jones): Most Asian currencies strengthened late Wednesday, with the South Korean won outpacing its regional counterparts for the third consecutive day.Bucking the region's gains, the New Taiwan dollar succumbed to the pressure of a slumping local stock...

Allow students to protest at Soeharto's house: Gus Dur

Allow students to protest at Soeharto's house: Gus Dur JAKARTA (JP): President Abdurrahman Wahid said in Caracas on Tuesday evening that security personnel should allow students to protest outside Soeharto's Central Jakarta house even if it meant stones being pelted at the former president's...