Indonesian Political, Business & Finance News

Archive: 16 January 2001

59 articles found

Asian currencies fall late; focus on firmer rupiah

Asian currencies fall late; focus on firmer rupiah SINGAPORE (Dow Jones): Most Asian currencies slumped late Monday as the Japanese yen continued its downward spiral and as worries over President Joseph Estrada's impeachment trial sent the Philippine peso to a new record low.

UPCOMING TOPICS

UPCOMING TOPICSThe next marketing strategies to be covered in this bimonthly column will be: * Is it time to change your logo? (Jan. 30) * Experiential marketing (Feb. 13) * Advertisements on the Internet (Feb.

Tanker explodes off S Korea

Tanker explodes off S Korea SEOUL (Reuters): A tanker exploded and sank off South Korea's southeastern port of Pusan on Monday, killing three crew and injuring seven, an official at the ship's charterer said.

African leaders launch new alliance after 23 years

African leaders launch new alliance after 23 years ARUSHA, Tanzania (AP): Three eastern African countries launched a new alliance on Monday, reviving a regional partnership that collapsed 23 years ago amid bitter recriminations and disagreements over how modern African states should develop.

Sri Lankan students held

Sri Lankan students held COLOMBO (Reuters): The Sri Lankan army has detained nine university students in northern Jaffna amid a campaign to push the government to match a unilateral ceasefire declared by Tamil separatists, the government said on Monday.

Children paid runners at Malaysia-Thai border

Children paid runners at Malaysia-Thai border KUALA LUMPUR (AP): School children as young as nine years old are being used as runners by smuggling syndicates along the Malaysian border with Thailand, the national news agency reported on Monday.

Thai delegates to hold rice talks with Manila

Thai delegates to hold rice talks with Manila BANGKOK (Reuters): Thai trade officials may hold talks in Manila later this month to sell rice to the Philippines, officials at the Thai commerce ministry said on Monday.

W. Java legislators want new cars

W. Java legislators want new cars BANDUNG (JP): In a bid to be equal to the executive, the members of the West Java provincial legislative council want their official cars to be replaced with new and better ones.

Antigovernment rally fails to materialize

Antigovernment rally fails to materialize JAKARTA (JP): The feared massive antigovernment rally failed to materialize here on Monday, and the city's unusually quiet streets were a testimony of residents' concerns.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 15, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,900 -50 206,000 Adindo Foresta Indonesia 95 0 761,000 Alakasa Industrindo 425 0 0 Alfa...

Beddu's house arrest extended

Beddu's house arrest extended JAKARTA (JP): State prosecutors failed to meet their initial deadline on Monday to file the corruption charges against former chief of the National Logistics Agency (Bulog) Beddu Amang and extended the suspect's house arrest instead.

Canopy trail provides up-close look at wildlife

Canopy trail provides up-close look at wildlifeBy Yusran Endo Fauzi MT. HALIMUN, West Java (JP): The 100-meter-long canopy trail is suspended at a height of between 25 meters and 30 meters, a bridge suspended in the valley of wilderness that is Mt. Halimun National Park.

Gus Dur's rejection of justices gets mixed reaction

Gus Dur's rejection of justices gets mixed reaction JAKARTA (JP): Legislators on Monday gave mixed reactions to President Abdurrahman Wahid's Friday letter to the House of Representatives officially rejecting the two nominated chief justices proposed by the legislature.

Controversy fact emerges on Guterres at court hearing

Controversy fact emerges on Guterres at court hearing JAKARTA (JP): Lawyers defending former East Timor prointegration leader Eurico Guterres insisted on Monday his trial was unlawful following their latest assertion that the government had yet to revoke the defendant's status as a member of the...

BPGS sets ambitious target following its name change

BPGS sets ambitious target following its name change JAKARTA (JP): The Gelora Senayan Management Board (BPGS) set an ambitious target for the next five years following President Abdurrahman Wahid's decision on Sunday to rename the Senayan Sports Complex as Bung Karno Sports Complex.

Indomobil secures order

Indomobil secures order JAKARTA (JP): Local car producer PT Indomobil Sukses International has secured an order from the Khansons Group of Bangladesh to export 4,000 Suzuki-Carry vans to the country.Indomobil's president Soebronto Laras said on Saturday that about 1,200 of the vans would be used...

Journalists protest against violence

Journalists protest against violence MEDAN, North Sumatra: Around 120 reporters from various media based in the North Sumatra capital of Medan marched to the provincial legislative council on Monday to protest against violence committed by members of a youth organization.

Policy removing tax relief for debtors deplored

Policy removing tax relief for debtors deplored JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) criticized on Monday the government's decision to withdraw tax facilities given to indebted companies, describing the measure as being unrealistic.

Rupiah Rates Jan.15

Rupiah Rates Jan.15 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,085.00 10,085.00 9,537.00 9,633.00Australian dollar 1 5,007.65 5,563.89 5,256.79 5,314.53Austrian schilling 1 625.50 694.87 656.62 663.72Belgian franc 1 213.37 237.03 223.98 226.

Satelindo customers given e-mail access from cell phones

Satelindo customers given e-mail access from cell phones JAKARTA (JP): Cellular service operator PT Satelit Palapa Indonesia (Satelindo) launched its SMS-based e-mail notification service on Monday, enabling its customers to retrieve e-mail from their handsets.

Faisal Basri to resign from PAN membership

Faisal Basri to resign from PAN membership JAKARTA (JP): Noted economist Faisal Basri said on Monday that he will relinquish his membership of the National Mandate Party (PAN) due to fundamental differences of opinion with the party's stance on several principles and policies.

Two important BLBI documents go missing

Two important BLBI documents go missing JAKARTA (JP): Two important documents of the Bank Indonesia believed to contain information that could help reveal the violations of the central bank regulations in the extending of emergency loans scam during the period from 1997 to 1999 are mysteriously...

Toll road workers demand pay rise

Toll road workers demand pay rise TANGERANG (JP): Around 400 employees of the Tangerang branch of the state toll road operator PT Jasa Marga staged a rally in front of their office on Jl. MH Thamrin here on Monday, demanding a 30 percent wage rise.

Choosing the chief justice

Choosing the chief justiceFrom Rakyat MerdekaIf the President gives his pretext that the chief justice is yet to be chosen from the two candidates offered by the House of Representatives, the demand that an explanation about this matter be given must be addressed directly to the president himself,...

Trial shows Estrada running a 'mafia' style government

Trial shows Estrada running a 'mafia' style governmentBy Girlie Linao MANILA (DPA): Philippine President Joseph Estrada's impeachment trial has given the public a glimpse of how the former movie action star has ran the government like a "gangster" for the past two and a half years, analysts said.

House to deliberate 22 bills in 3 months

House to deliberate 22 bills in 3 months JAKARTA (JP): The House of Representatives opened its 2001 session on Monday with a conviction to focus more on its legislative duties targeting the deliberation of 22 bills in the next three months.

Improving bank supervision

Improving bank supervision It is encouraging to note that amid the political battle to take control of Bank Indonesia (central bank), both the government and the House of Representatives remain fully aware of the vital importance of effective supervision in preventing a financial crisis.

Police deny report on Army role in bombings

Police deny report on Army role in bombings JAKARTA (JP): The National Police claimed on Monday to have never issued any report indicating or stating the involvement of former Army generals in the Christmas Eve bombings that left at least 19 people dead.

Central bank limits rupiah transactions with foreigners

Central bank limits rupiah transactions with foreigners JAKARTA (JP) Bank Indonesia announced on Monday a new ruling which limits rupiah transactions between banks operating in the country with non-residents in a bid to help curb speculation against the beleaguered local currency.

Visa electron card

Visa electron cardFrom Bisnis IndonesiaI am a holder of Lippo Bank's Visa Electron credit-and-debit card. I had my first bad experience with this card when I purchased a ticket at a Mandala Airlines agent.

Dell boosts plant capacity

Dell boosts plant capacity KUALA LUMPUR (AFX-ASIA): Dell Computer Corp said it will triple its production capacity in Malaysia by opening a second plant in Penang next month.Dell Asia-Pacific customer centre vice-president Simon Wong declined to reveal the additional investment planned but said the...

How successful is Internet business in Indonesia?

How successful is Internet business in Indonesia?By Jon Minofri Jakarta (JP): Internet implementation in the business world has led to a new terminology: The New Economy. It is a pity that not all companies call themselves the successful New Economy.

Dossiers on Ajinomoto case sent to Jakarta

Dossiers on Ajinomoto case sent to Jakarta SURABAYA (JP): The East Java Police sent on Monday the dossiers on four PT Ajinomoto officials, accused of violating the Consumer Protection Law, to National Police Headquarters in Jakarta.

Where to go in Bandung:

Where to go in Bandung:Exhibitions* Fine Arts by Bandung Young Artists, Griya Seni Popo Iskandar, Jl. Dr. Setiabudhi 268 (Phone: 022 2013662), until Jan. 27. * Painting, Ikatan Wanita Pelukis Indonesia, Galeri Hidayat, Jl. Sulanjana 36 (Phone: 022 4208257), 9 a.m. to 4:30 p.m., Jan. 27 to Feb. 14.

GAM and violence

GAM and violence In Kompas on Jan. 12, 2001 I read on page 12 that according to the President's spokesman Yahya Staquf the government has achieved positive success in managing to persuade GAM to stop using violent methods to pursue their own goals.

RP ship captured for carrying guns

RP ship captured for carrying guns AMBON, Maluku: The Indonesian Navy captured a traditional vessel from the Philippines carrying six guns and 454 bullets in the waters off Maluku islands, an official said on Monday.

RI still needs time to deal with the digital era

RI still needs time to deal with the digital eraBy Rhenald Kasali Jakarta (JP): We step into 2001 with a number of arguments among economists who say that many of those who claim to be economists do not understand the actual condition of our economy.

KL to finalize SEAG events next month

KL to finalize SEAG events next month JAKARTA (JP): The Southeast Asian (SEA) Games Federation will finalize the number of sports event to be featured in the 2001 SEA Games in Kuala Lumpur on Feb. 15.However, within one month of the finalization, some participating countries are still trying to...

Hasan's OCA status in question

Hasan's OCA status in question JAKARTA (JP): Vice Chairman of the National Sports Council (KONI) Harsuki said that the Chairman of the SEAG Federation Tan Sri Imran Ibni Tuanku Jafar had inquired about the legal status of the OCA's Vice President for the Southeast Asia zone Mohammad 'Bob' Hasan...

Save your heritage

Save your heritage I look forward to your Saturday editions and with great interest read Ida Indawati Khouw's articles in the Save Old Batavia section. The first time I read these articles was in September 2000, after staying in Jakarta for some time.

Four detainees escape from paddy wagon

Four detainees escape from paddy wagon BOGOR (JP): Four detainees of the Bogor prosecutor's office escaped custody on Friday afternoon after they managed to break loose from the paddy wagon, a source from the prosecutors' office said on Monday.

Effort to involve community falls flat at Mt. Halimun

Effort to involve community falls flat at Mt. HalimunBy Yusran Edo Fauzi MT. HALIMUN, West Java (JP): In a plan designed to marry conservation needs with those of the surrounding community, locals living in the eastern region of Mt.

Militias are by nature fracture prone

Militias are by nature fracture proneBy Siswo Pramono CANBERRA (JP): What an irony. As the Indonesian military formally withdraws from the political stage, the country also witnesses a growing number of civilians in uniforms.

Bangladesh-Myanmar row continues

Bangladesh-Myanmar row continues TEKNAF, Bangladesh (AP): Schools closed and thousands of villagers fled their frontier homes on Monday after Bangladesh and Myanmar reinforced troops in a dispute over building of an embankment on a river shared by the two neighbors.

Global Sources: A dot-com success story

Global Sources: A dot-com success story Jakarta (JP): There are many dot-coms doing business in Indonesia, but only a few will survive successfully. Global Sources is one of those successes. It has been successful in establishing a community with an exclusive membership, maximizing Internet...

RI, Singapore mend ties with gas project

RI, Singapore mend ties with gas project SINGAPORE (JP): President Abdurrahman Wahid and Singapore's Prime Minister Goh Chok Tong jointly launched a landmark gas pipeline project on Monday, signaling both countries remained good neighbors despite recent strained relations.

Rates for tax payment, valid from Jan. 15 to Jan.21

Rates for tax payment, valid from Jan. 15 to Jan.21 U.S. dollar 1 Rp 9,470.00Austrian schilling 1 Rp 644.44Australian dollar 1 Rp 5,263.43Belgian franc 1 Rp 219.83Canadian dollar 1 Rp 6,307.03Swiss franc 1 Rp 5,816.95Deutschemark 1 Rp 4,538.27Danish krone 1 Rp 1,212.20French franc 1 Rp 1,351.

Bunker search leads police to drill into Tommy's home

Bunker search leads police to drill into Tommy's home JAKARTA (JP): Using drills and jack hammers until late on Monday night, the police were still trying to open an alleged underground bunker below the residence of fugitive Hutomo "Tommy" Mandala Putra, despite President Abdurrahman Wahid's claim...

'Use constitutional means to change govt'

'Use constitutional means to change govt' JAKARTA (JP): Political observers requested all citizens on Monday to avoid instigating mass riots in an attempt to end Abdurrahman Wahid's presidency, and instead accept constitutional and peaceful methods.

Accenture targets 15% rise in RI revenues

Accenture targets 15% rise in RI revenues JAKARTA (JP): Global management and technology consulting firm Accenture, formerly known as Andersen Consulting, expects a 15 percent increase in revenues from its Indonesian operation this year, a company executive said here on Monday.

Takaful to raise RI stake

Takaful to raise RI stake KUALA LUMPUR (Dow Jones): Malaysian Islamic insurance company Syarikat Takaful Malaysia Bhd. Monday said it has signed an agreement to subscribe to more shares in its Indonesian affiliate, PT Syarikat Takaful Indonesia.

Shangri-La workers to sue managers for blocking union

Shangri-La workers to sue managers for blocking union JAKARTA (JP): Striking workers from the Shangri-La Hotel are considering filing a lawsuit against the hotel's management for ignoring their rights of association, the workers' lawyer Surya Tjandra said on Monday.

Weapons sweep in Aceh results in more violence

Weapons sweep in Aceh results in more violence BANDA ACEH, Aceh (JP): Three people were killed Monday and nearly all Aceh regencies were paralyzed as residents stayed home for fear of massive conflicts between authorities and Free Aceh Movement (GAM) rebels.Cinta Meunasah Operation spokesman Sr.

LG Electronics expects robust sales in 2001

LG Electronics expects robust sales in 2001 JAKARTA (JP): Electronics manufacturer PT LG Electronics Indonesia recorded US$170 million in sales in 2000, far exceeding the sales figure in 1999 of about $60 million and its initial target of $150 million, an executive said on Monday.

KL trade mission to visit U.S.

KL trade mission to visit U.S. KUALA LUMPUR (AP): Malaysia's minister for international trade and industry will lead a trade and investment mission to the United States and Canada from Feb. 7 to Feb. 16, the national news agency Bernama reported.

What a dramatic situation!

What a dramatic situation! More and more I find letters from readers to The Jakarta Post about strange situations in Jakarta, like crimes at Soekarno- Hatta Airport, uneasy things about airlines or parking spaces etc.

Correction

Correction Correction: Nisak Indri Khaya, Ni Made Sudarmi and Ni Made Suciarmi were among the 41 painters featured in the exhibition of women artists at Taman Ismail Marzuki (Painters try to break free of the past, Page 8, Jan. 12). Purple Clothes is by Ni Nyoman Sani. We regret the errors.

Real actions needed to thwart corruption: Experts

Real actions needed to thwart corruption: Experts JAKARTA (JP): Corruption cases in Indonesia have increased because no real action has been taken to handle them, a criminal law expert said Monday."During the reform era, corruption problems tend to escalate instead of lowering," J.E.

AFC asks PSM for more renovations

AFC asks PSM for more renovations MAKASSAR, South Sulawesi (JP): The Asian Football Confederation (AFC) will examine the PSM Makassar club's preparations in February before deciding whether the capital of South Sulawesi is fit to host the quarterfinals of the eastern Asia zone of the Asian Club...