Indonesian Political, Business & Finance News

Archive: 30 January 2001

53 articles found

Floods hit village

Floods hit village PURWAKARTA, West Java: Hundreds of houses in Cikaobandung village, Purwakarta, were flooded with water levels reaching one- meter-high on Monday following prolonged heavy rainfall from Sunday night.

Global Stock Index Jan. 29

Global Stock Index Jan. 29 Latest Change %Change New York DJ Indus 10659.98 -69.54 -0.65 Jan 26 Nasdaq 2781.30 +27.02 +0.98 Jan 26 S&P 500 1354.95 -2.56 -0.19 Jan 26 London FTSE 100 6294.40 +0.10 0.00 Intraday Tokyo Nikkei 225 13845.28 +149.22 +1.09 Close Hong Kong Hang Seng 16099.82 +55.61 +0.

Estrada aides ask Supreme Court to explain his removal

Estrada aides ask Supreme Court to explain his removal MANILA (Agencies): Supporters of former President Joseph Estrada asked the Supreme Court on Monday to explain the legality of his ouster in a step that could lead to a legal challenge to the new president's authority.

NGO activists hold rally to protest city budget

NGO activists hold rally to protest city budget JAKARTA (JP): Some 150 people marched to the Hotel Indonesia traffic circle in Central Jakarta on Monday to demand revocation of the 2001 city budget.The protesters, who claimed to represent 14 nongovernmental organizations (NGOs), began to gather at...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 29, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,875 -75 263,500 Adindo Foresta Indonesia 130 -5 321,000 Alakasa Industrindo 425 0 0 Alfa Retailindo...

Why do firms refuse to change logos?

Why do firms refuse to change logos?By Tjipto Ramuni JAKARTA (JP): A company's logo is, in fact, comparable to someone's face. Meaning that by only a quick glance, people can identify the particular company right away.

To Indonesian youngsters

To Indonesian youngstersFrom Media IndonesiaThe results of a recent study shows that most Indonesian youngsters just follow where the wind blows. They pay no heed to their surroundings, are bored and do things as they please.

Provocation on campus

Provocation on campusFrom Suara KaryaRecently student demonstrations have become all the rage again, especially at the People's Consultative Assembly/House of Representative (MPR/DPR) in Senayan. Some of the students taking part in the demonstrations wear jackets from state and private universities...

City activities undeterred by massive rallies

City activities undeterred by massive rallies JAKARTA (JP): Life went on as usual in the capital on Monday despite massive demonstrations staged by groups in support of and against President Abdurrahman Wahid.

Twenty-three clubs join soccer league

Twenty-three clubs join soccer league SEMARANG (JP): Soccer Association of Indonesia (PSSI) secretary-general Tri Goestoro said over the weekend that 23 clubs from across the nation would compete in the first division of the 2001 Bank Mandiri national soccer league.

Government urged to anticipate change in WB loan policy

Government urged to anticipate change in WB loan policy JAKARTA (JP): The government must immediately take steps to anticipate the plans by the World Bank to cut back its lending to Indonesia, an expert said.

Guterres 'told his men to retrieve surrendered guns'

Guterres 'told his men to retrieve surrendered guns' JAKARTA (JP): Three Belu police officers and a retired Belu district military command officer testified on Monday that East Timor prointegration militia leader Eurico Guterres ordered his men to take back the firearms they had surrendered to the...

Futures commodities exchange receives poor response

Futures commodities exchange receives poor response JAKARTA (JP): The Jakarta Futures Exchange, the country's first futures commodities bourse, has received a poor response from investors since the commencement of its operations in December of last year.

House gets report on scandals

House gets report on scandals JAKARTA (JP): After a series of intense lobbying, the House of Representatives plenary session on Monday eventually received the report of the special House committee's investigation of two financial scandals and officially dissolved the committee.

Malaysia, S'pore play down diplomatic row

Malaysia, S'pore play down diplomatic row KUALA LUMPUR (AFP): A visiting Singaporean minister played down a diplomatic row with neighboring Malaysia on Monday, describing it as a "family" misunderstanding.

Central bank freezes Tommy's bank accounts

Central bank freezes Tommy's bank accounts JAKARTA (JP): The central bank has frozen fugitive Hutomo "Tommy" Mandala Putra's accounts at Bank Central Asia, Bank Mandiri and Bank Panin, an official said on Monday.

Arrangements being made for Onde trip

Arrangements being made for Onde trip JAYAPURA, Irian Jaya (JP): Tickets are being prepared for Irian Jaya separatist leader Willem Onde and his men to go to Jakarta to meet President Abdurrahman Wahid as requested by him after the release of 13 of the 16 people kidnapped by the separatist group on...

Rates for tax payment, valid from Jan. 29 to Feb. 4

Rates for tax payment, valid from Jan. 29 to Feb. 4 U.S. dollar 1 Rp 9,350.00Austrian schilling 1 Rp 625.81Australian dollar 1 Rp 5,074.25Belgian franc 1 Rp 213.48Canadian dollar 1 Rp 6,183.04Swiss franc 1 Rp 5,635.93Deutschemark 1 Rp 4,408.09Danish krone 1 Rp 1,171.89French franc 1 Rp 1,312.

Five sought over armed robbery

Five sought over armed robbery BOGOR (JP): Bogor Police are searching for five men, in connection with an armed robbery of a house in Cimandala village, Bogor on Sunday night.The robbers got away with a 7.

The New Order ghosts

The New Order ghosts While many of us share the frustration that President Abdurrahman Wahid feels about the slow pace of reform, we are baffled by his intentions with regard to the remnants of the New Order regime whom he blames for subverting his reform agenda.

Thousands rally with divided calls

Thousands rally with divided calls JAKARTA (JP): Thousands of students across the country took to the streets on Monday with divided calls but a unified claim to uphold the reform movement.No clashes were reported in the first massive head-to-head meeting between anti-Abdurrahman protesters and his...

JSX bomb suspects revoke statements

JSX bomb suspects revoke statements JAKARTA (JP): The watchdog Indonesian Legal Aid and Human Rights Association (PBHI) claimed on Monday that the suspected bombers of the Jakarta Stock Exchange (JSX) building had revoked their confessions to police investigators.

Traveling poets give door-to-door readings

Traveling poets give door-to-door readingsBy Agus Maryono PURWOKERTO, Central Java (JP): The two young men shuffled slightly, politely asking permission as they came in the door at an office on Jl. Jenderal Soedirman in the town.

Immigration rules and rulers

Immigration rules and rulers Expatriates of all social categories and origins cannot expect any improvements from Immigration officials after the speech delivered by their boss, Ihza Yusril Mahendra the other day.

New interpretation of laws sought to fight corruption

New interpretation of laws sought to fight corruption JAKARTA (JP): A new interpretation of the existing anticorruption laws is needed to replace the current rigid reading that often acts as a stumbling block to efforts to eradicate corruption, a legal expert said on Monday.

Poso rioters got supply of guns

Poso rioters got supply of guns PALU, Central Sulawesi (JP): A witness testifying in the trial of three men charged with fomenting the sectarian clashes in the district of Poso that claimed at least 300 lives on May 23, 2000 told the court here on Monday that guns had been illegally supplied to one...

Region's Chinese business clans still going strong

Region's Chinese business clans still going strongBy Lim Say Boon SINGAPORE: "Gong xi fa cai" and its various dialect variations (for Happy Chinese New Year) once again echoed across ballrooms and halls packed with Southeast Asia's Chinese business elite last week.

Malaysia eyes Bahrain project

Malaysia eyes Bahrain project KUALA LUMPUR (AFP): Malaysian companies have been invited to take part in Bahrain's US$500 million Salman port project, officials said Monday as the emirate's prime minister began a three-day visit.

JSX suspends securities firms

JSX suspends securities firms JAKARTA (JP): The Jakarta Stock Exchange (JSX) said it had suspended the license of three of its members last week, as they failed to meet minimum working capital requirements.The JSX's membership director Umar T.

Maluku-Dutch sister city

Maluku-Dutch sister city TUAL, Maluku: Dutch activists are exploring the possibilities of establishing a sister-city scheme between Tual and Nistelrode in the Netherlands.Poly Roemloes, head of the Dutch organization Satu Bantu Satu, (One Helps One) who is in Tual for a six-day visit, said on...

Jasa Raharja services queried

Jasa Raharja services queried JAKARTA (JP): A city council commission questioned on Monday the public services of state insurance company PT Jasa Raharja.Chairman of Commission C for city revenue Amarullah Asbah said the company had yet to cover either the medical fees or insurance of most...

Gus Dur's pledge of zero tolerance gets wary support

Gus Dur's pledge of zero tolerance gets wary support JAKARTA (JP): A senior political observer greeted on Monday President Abdurrahman Wahid's pledge of zero tolerance in implementing a reform agenda with reservations saying that "violence must be avoided at all costs".

A fresh start from corrupt past

A fresh start from corrupt past This is the first of two articles on dealing with corruption by Bertrand de Speville, director of the Jakarta-based Consultants Project for the establishment of an anticorruption body for Indonesia.

Government asked to probe last week's attack in Ambon

Government asked to probe last week's attack in Ambon JAKARTA (JP): The Indonesia Ulemas Council (MUI) asked the government on Monday to probe an attack against residents of the Batumerah district in Ambon, the capital of Maluku, last week that allegedly claimed the lives of 15 civilians.

Where to go in Bandung:

Where to go in Bandung:Exhibitions * Painting, Ikatan Wanita Pelukis Indonesia, Galeri Hidayat, Jl. Sulanjana 36 (Phone: 022 4208257), 9 a.m. to 4:30 p.m., until Feb. 14. * Painting, furniture, handy crafts, Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 4231631), 9 a.m. to 9 p.m.

BMW AG forms subsidiary

BMW AG forms subsidiary JAKARTA (JP): The Germany-based automotive company BMW AG has established a wholly owned subsidiary to handle wholesales of BMW cars, motorcycles, spare parts and accessories in Indonesia.

IBRA assumes Sinar Mas debt to save publicly listed BII

IBRA assumes Sinar Mas debt to save publicly listed BII JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) has reached a deal with the Sinar Mas Group to settle about Rp 13.7 trillion (US$1.3 billion) of its debt to publicly listed Bank Internasional Indonesia (BII), a move seen as...

M'sian palmoil futures close sharply lower

M'sian palmoil futures close sharply lower KUALA LUMPUR (Reuters): Malaysia's palm oil futures closed sharply lower on Monday on prospects of poor exports in January and a lingering downtrend at the Chicago Board of Trade (CBOT), traders said.

Indonesians hit the books again at Open University

Indonesians hit the books again at Open UniversityBy Dewi Anggraeni MELBOURNE, Australia (JP): "It's never too late to learn" smacks of a cliche, but it is reality for Johannis Mailuhu at the age of 61.

Number of leprosy patients declines

Number of leprosy patients declines JAKARTA: Indonesia has succeeded in reducing the number of leprosy patients from more than 100,000 in 1990 to 20,000 in 2000, Minister of Health and Social Welfare Achmad Sujudi said.

Radio registered in records museum

Radio registered in records museum SEMARANG: The Museum of Indonesian Records has registered Kids radio station in Bandung as the only one in the country that is dedicated specially for children.Manager of the Semarang-based museum, Paulus Pangka, said on Monday that Kids 99.

Rupiah slightly weaker over domestic concerns

Rupiah slightly weaker over domestic concerns SINGAPORE (Dow Jones): Most Asian currencies were higher late Monday, as the yen's rebound and easing domestic uncertainties in some countries provided a breathing spell for the markets, dealers said.

Rupiah Rates Jan.29

Rupiah Rates Jan.29 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,970.00 9,970.00 9,423.00 9,517.00Australian dollar 1 4,883.27 5,432.65 5,129.88 5,185.81Austrian schilling 1 601.94 669.55 632.34 639.13Belgian franc 1 205.33 228.39 215.70 218.

Government expects new oil and gas law out in April

Government expects new oil and gas law out in April JAKARTA (JP): Minister of Energy and Mineral Resources Purnomo Yusgiantoro said on Monday that he hoped the House of Representatives would be able to pass a new bill on oil and gas in April this year.

PBSI to call 20 juniors for national training

PBSI to call 20 juniors for national training BANJARMASIN, South Kalimantan (JP): The Badminton Association of Indonesia (PBSI) will be grooming juniors in its Indonesian Badminton Center in Cipayung, East Jakarta as it needs capable second stringers to replace the seniors.

Bus terminals will have improved public facilities

Bus terminals will have improved public facilities JAKARTA (JP): The city administration has set aside Rp 32.2 billion (about US$3.38 million) this year to improve public facilities at its bus terminals.

Is Italian tour prize a fraud?

Is Italian tour prize a fraud?From Pikiran RakyatOn Oct. 6, 2000, I received a letter from the Arga Wiguna Corporation telling me that I had won the main prize in its Shining New Millennium contest and was therefore entitled to a seven-day trip to Rome for two people.

Stand apart from the crowd and lead

Stand apart from the crowd and leadBy Daniel Surya JAKARTA (JP): With today's increasing pace of social change, driven by political impacts, globalization and other powerful forces, consumers' needs and tastes are changing more and more rapidly.

Malaysia criticizes RI over plantation land grabbing

Malaysia criticizes RI over plantation land grabbing KUALA LUMPUR (DPA): Malaysia wants firmer action by Jakarta to protect its plantation firms in Indonesia which have been hit by "land-grabbing" locals seizing large tracts of investment land, a news report said Monday.

KL police tussle with ethnic Chinese

KL police tussle with ethnic Chinese KUALA LUMPUR (AP): Police scuffled with ethnic Chinese protesters who confronted the education minister on Monday over his order to close a Chinese school, a controversy that has triggered deeper fears over the minority group's future in Malaysia.

Defense minister Mahfud warns of military intervention

Defense minister Mahfud warns of military intervention JAKARTA (JP): Minister of Defense Mahfud M.D. warned people that the chaotic political situation in the capital could open the door for the military to take power with an argument that they did so to save the nation.

Arema beats PSS 2-1

Arema beats PSS 2-1 SLEMAN, Yogyakarta (JP): Arema Malang downed home favorite PSS Sleman 2-1 in the 2001 Bank Mandiri national soccer league's eastern division at Tridadi Stadium on Monday.The match on Sunday was stopped for six minutes due to clash between supporters from both teams.

A desperate Wahid is cause for concern

A desperate Wahid is cause for concern Today is judgment day for embattled Indonesian President Abdurrahman Wahid. For it is today that a special parliamentary committee investigating two financial scandals involving him will report to parliament.