Indonesian Political, Business & Finance News

Archive: 5 January 2001

47 articles found

South Korea's Daewoo Motor union opposes foreign sale

South Korea's Daewoo Motor union opposes foreign sale SEOUL (Reuters): The labor union of South Korea's bankrupt Daewoo Motor said on Thursday it opposed a plan to sell the troubled automaker to a foreign company. "The government and creditor banks should realize it's difficult to sell the company to a foreign buyer," the union said in a statement released ahead of a news conference at 0200 GMT.

Malaysia may face racial polarization, says DAP leader

Malaysia may face racial polarization, says DAP leader KUALA LUMPUR (AP): Warning that fresh attempts to unite ethnic Malays could alienate Malaysia's minority races, ethnic Chinese opposition leaders slammed Prime Minister Mahathir Mohamad's party on Thursday for excluding them from proposed talks on national unity.

Three major rubber producers plan rubber support scheme

Three major rubber producers plan rubber support scheme JAKARTA (JP): The world's largest rubber producers, Thailand, Indonesia and Malaysia, are set to agree on a rubber support scheme when they gather for a ministerial meeting this month, a senior government official said on Thursday. Director general for international cooperation at the Ministry of Trade and Industry Hatanto Reksodipoetro said that a ministerial meeting would be held in Phuket, Thailand, to adopt the rubber support scheme.

Rupiah Rates Jan.4

Rupiah Rates Jan.4 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Miners make their own music in the Kalimantan jungle

Miners make their own music in the Kalimantan jungle By Mikael Onny Setiawan SANGATTA, East Kalimantan (JP): Dressed in casual clothes, a trio of young women sang a song by Irish group The Corrs, accompanied by a man playing the violin. As they came to the end of the song, the audience broke into thankful applause. The scene was not at a concert venue, or a downtown cafe, but at a mining company mess hall deep in the East Kalimantan jungle.

Justices examine appeals' dossiers

Justices examine appeals' dossiers JAKARTA (JP): The Supreme Court will give priority to appeals sought by lawyers of former president Soeharto, his fugitive son Hutomo "Tommy" Mandala Putra and former East Timor militia leader Eurico Guterres. "We expect to issue rulings on the three cases as soon as possible because they have drawn the attention of the public," new Deputy Chief Justice Taufiq told The Jakarta Post on Thursday.

Jakarta to fully implement regional autonomy in 2002

Jakarta to fully implement regional autonomy in 2002 JAKARTA (JP): Despite the inception of regional autonomy on Jan. 1, the agenda will practically take effect in the capital only next year at the earliest, an official said on Thursday. Head of City Subdistricts Administration Office Koesnan A.

Tension remains high in warring Lombok villages

Tension remains high in warring Lombok villages JAKARTA (JP): Security forces were still tightly guarding the warring villages of Bongor and Parampuan in the resort island of Lombok, West Nusa Tenggara (NTB) on Thursday, following two days of brawls which killed at least nine people and injured scores of others.

What should we do about Tommy?

What should we do about Tommy? From Rakyat Merdeka As predicted earlier, the police have failed to arrest Tommy. Reading Rakyat Merdeka's report that the former president's son has been safe and sound in Solo (Central Java) -- despite being wanted by the police -- I began to feel annoyed. If that were true, Polri (the Republic's police) ought to be ashamed.

RI regains ICCA membership

RI regains ICCA membership JAKARTA (JP): Indonesia has regained its membership in the International Congress and Convention Association (ICCA) after paying 4,212 euros (Rp 37.9 million) in levy arrears, Antara reported on Thursday. The news agency quoted the Ministry of Culture and Tourism as saying that the government was committed in developing the entire spectrum of the tourist industry, including the rapidly growing meeting, incentive, convention, and exhibition (MICE) sector.

ExxonMobile monitors situation after threat

ExxonMobile monitors situation after threat JAKARTA (JP): Responding to statements by separatist rebels in Aceh that ExxonMobile Oil Indonesia should shut down its operations in the province for its own safety, the company said on Thursday it was "closely monitoring the situation". "We are monitoring the situation in Aceh closely and will take actions we deem appropriate for the daily circumstances in our operational areas," the company said in a statement made available to The Jakarta Post.

Leaders with moral values needed to guide the nation

Leaders with moral values needed to guide the nation One of the most frequently cited reasons for Indonesia's continued inability to overcome its numerous crises is that its leaders are busy snapping at each other. Emmy Hafild of the Indonesian Forum for the Environment says the country lacks leaders who have the high moral standards necessary to guide the nation into the future. JAKARTA (JP): Emmy Hafild says she was a victim of politicization up to the time she began high school.

Electronics slowdown may affect S'pore

Electronics slowdown may affect S'pore SINGAPORE (DPA): A global electronics slowdown could cut 2.3 percentage points off Singapore's GDP growth this year, with negative spillover effects on finance and business services, a study said on Thursday. Worries of another dip in the electronics cycle have mounted following recent signs of weak sales, depressed semiconductor prices and profit warnings from major U.S. companies.

Malaysia's top horse trainer alleges rampant doping by gang

Malaysia's top horse trainer alleges rampant doping by gang KUALA LUMPUR (Agencies): Malaysian horse racing was hit by allegations of doping by an organized gang on Thursday after four horses failed blood tests and were barred from competing in the northern state of Penang. One of the top trainers in the country, K. Velayuthan, claimed that he and other trainers were victims of an organized group doping horses to fix race results.

RP economy slips back into a coma

RP economy slips back into a coma MANILA (DPA): The Philippines has once again become the "sick man of Asia" with the economy slipping back into a coma amid the country's worst political crisis in years. The Manila-based Asian Development Bank (ADB) said the country's gross domestic product (GDP) was expected to grow by only 3.8 percent in 2000, one of the lowest among Southeast Asian nations. In 2001, the ADB said GDP growth would slow down to 3.3 percent.

Fed's rate cut will not halt Asian slowdown

Fed's rate cut will not halt Asian slowdown SINGAPORE (AFP): The snap decision by the U.S. Federal Reserve Board to cut key interest rates will not be enough to spare Asia from being caught in a U.S.-led global economic slowdown, analysts warned on Thursday. Although there would be positive spin-offs, including some Asian central banks following the U.S. in cutting interest rates and a boost to Asian exports, the full impact of the benefits would not be felt immediately, they said.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Photo: A Letter from the Ocean by Mosista Pambudi at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta (Phone: 3458771), until Jan. 24. * Painting Flying Horizon by Teguh Ostenrik, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), until Jan. 13. * Photo: Yang Terlupakan by students of SMU Tarakanita 1, Galeri Foto Cahya, Wisma Surya Kemang, Jl. Kemang Raya no. 33, South Jakarta, until Jan. 8.

Ocampo's new bombs in Manila full of ironies

Ocampo's new bombs in Manila full of ironies By Neal H. Cruz MANILA: Bombs are still exploding in Metro Manila. And the bomber has been identified. She is a pretty bank official, and her name is Clarissa Ocampo. Ocampo exploded more bombs last Tuesday at the Senate impeachment trial of President Estrada. The bombs were so powerful they could blast Erap right out of Malacanang; they already sent Erap's lead lawyer, Estelito Mendoza, running for cover.

Banten needs to educate itself

Banten needs to educate itself By Ridwan M. Sijabat RANGKASBITUNG, Banten (JP): A daunting problem which must be immediately faced by the newly established province of Banten is developing the education sector. Without it many realize that the province can never achieve its full potential. Much of the onus remains on the inexperienced provincial administration, but some residents have also taken up the initiative.

Taiwan opposition lawmakers begin historic China visit

Taiwan opposition lawmakers begin historic China visit BEIJING (Reuters): Lawmakers from two Taiwan opposition parties arrived in China on Thursday for unofficial talks on expanding transport links between the island and the Communist- run mainland. The parties, the Nationalists and the New Party broadly share Beijing's goal of reunifying Taiwan and China to end an estrangement that began when the Chinese civil war ended in Communist victory in 1949.

Irvine hopes to finish third in F1 series

Irvine hopes to finish third in F1 series JAKARTA (JP): As the competition tightens between Ferrari and McLaren in the 2001 Formula One series, Jaguar racing team driver Eddie Irvine of Great Britain said on Thursday that it would feel like winning the championship itself if he could finish third in the overall rank. "It's still difficult for Jaguar to beat the two big boys, the Ferrari and McLarren teams, in the near future.

Former PLN chief says he is not responsible for power deal

Former PLN chief says he is not responsible for power deal JAKARTA (JP): The former head of state electricity company PT PLN Djiteng Marsudi told reporters after being questioned by the Attorney General's Office on Thursday that he was not responsible for the controversial power tariff deal with independent power producer (IPP) PT Paiton Energy. After being questioned for four hours, Djiteng maintained that he only continued the deal which had been made by his predecessor.

Thieves flee with Rp 30m

Thieves flee with Rp 30m BOGOR (JP): Police detectives are on the lookout for six armed men who made away with Rp 30 million in cash from a residence in Sindangbarangjero subdistrict, West Bogor. The victims, Atoe, 30, said the robbers fired three gun shots at about 2:00 a.m. on Thursday and later broke down the bars of the kitchen door to get into the house. Atoe and his family checked the kitchen to find out what had happened, but the robbers attacked them and tied them up.

Economic opportunities in Indonesia

Economic opportunities in Indonesia This is the last of two articles by Roderick Brazier, the director of economics programs of the Asia Foundation in Jakarta, on removing barriers to economic opportunities in Indonesia. He identifies nine key areas to open access. In the earlier article he discussed the questions of economic growth, health, education, security, gender issue and physical infrastructure. 7.

Lower Fed rate won't cut local rate: BI

Lower Fed rate won't cut local rate: BI JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Thursday that the United States Federal Reserve 50-basis-point interest rate cut would not automatically trigger a decline in domestic interest rates here. "(The Fed rate cut) would not automatically cause domestic interest rates to also decline," Sjahril told reporters on the sidelines of a gathering with bankers at the central bank's headquarters.

Army was not involved in 'Christmas Eve bombings'

Army was not involved in 'Christmas Eve bombings' JAKARTA (JP): Army Chief of Staff Gen. Endriartono Sutarto said on Thursday no Army members were involved in the Christmas Eve bombings in seven provinces across the country. "I'll take stern action if any Army members were involved in the Christmas Eve bombings," Endriartono said on the sidelines of the postfast gathering at the Indonesian Military (TNI) Headquarters in Cilangkap, East Jakarta.

Indonesian officials discuss Soeharto in Switzerland

Indonesian officials discuss Soeharto in Switzerland BERN (Agencies): Switzerland has renewed promises of help to Indonesia over allegations that former President Soeharto stashed ill-gotten assets abroad, the Swiss foreign ministry said on Thursday.

Aceh funds in question

Aceh funds in question BANDA ACEH, Aceh (JP): Councillors here suspect the possible embezzlement of funds meant to be channeled from state-owned oil company Pertamina to people empowerment programs, with some regions yet to receive the money. "The system isn't quite transparent. Even I, a member of the team supervising the funds, don't really understand the system, let alone other people who are not involved," said the chairman of the Provincial Council's Commission E for public welfare, O.K.

Revision of government rules on civil servants sought

Revision of government rules on civil servants sought JAKARTA (JP): A senior government official urged on Thursday a revision to government regulations on civil servants to avoid payroll and management disputes with the country's 4.5 million civil servants in the wake of regional autonomy. "Government Regulations No. 96 to No.

Gus Dur in Palembang

Gus Dur in Palembang PALEMBANG, South Sumatra: President Abdurrahman Wahid arrived here on Thursday afternoon and is scheduled to hold a dialog with residents after Friday prayers at the Sultan Mahmud Badaruddin Grand Mosque on Friday. Abdurrahman, who is on a two-day visit, is also due to meet with local civic and religious leaders on Friday morning, Antara reported.

Consumer body files complaint against PT Ajinomoto

Consumer body files complaint against PT Ajinomoto JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) filed a complaint with the Jakarta Police on Thursday against monosodium glutamate (MSG) producer PT Ajinomoto Indonesia, accusing the company of deception. YLKI chairwoman Indah Suksmaningsih said PT Ajinomoto was guilty of violating three laws. Indah said the company was primarily guilty of breaching Consumer Protection Law No.

Ryaas Rasyid should not resign

Ryaas Rasyid should not resign The resignation of a cabinet minister cannot, of course, be compared to that of a company executive. It is certain to have wide-ranging consequences, all the more so since a beginning has been made with the implementation of regional autonomy. Given such a reality, many people are hoping that (State Minister for Administrative Reform) Ryaas Rasyid will be willing to reconsider his decision (to resign from the cabinet) in the bigger national interest.

'Jawa Pos' receives bomb threat hoax

'Jawa Pos' receives bomb threat hoax JAKARTA (JP): A bomb threat was received by the Jawa Pos daily on Jl. Kebayoran Baru No. 17 in South Jakarta on Thursday afternoon, the Jawa Pos Jakarta bureau chief said. Sururi Al Farouq told reporters on Thursday that the bomb threat was received by Sri, a receptionist. "Sri said the caller asked her, if this was the daily that provokes (people)... and then the caller said, I'll bomb this (place)," Sururi said.

National Police must be decentralized: Expert

National Police must be decentralized: Expert Andi A. Mallarangeng, a political expert and proponent of the regional autonomy drive, shares with The Jakarta Post's Ridwan M. Sijabat his thoughts on the need to "decentralize" the National Police. Question: What role should the National Police play in the autonomy drive? Answer: The National Police should preserve its original roles, namely order and security, enforcing the law, combating crime and regulating traffic.

Police to question woman over stabbing of HK man

Police to question woman over stabbing of HK man JAKARTA (JP): Police detectives are scheduled to question a woman in connection with a brutal attack on a Chinese man from Hong Kong, who suffered 19 stab wounds in the back and stomach. Jakarta Police detectives chief for violent crimes Comr. Sinaga identified the victim as Lai Ho Yen, 45, and said that the police were scheduled to summon a local woman, identified only as Wiwi, over the stabbing.

Licenses given to 667 companies

Licenses given to 667 companies JAKARTA (JP): The city administration has certified that 677 companies in the capital are eligible to bid for construction projects being tendered this year. Chairman of the City Certification Joint Committee (PBSP) Pungky Bambang Purwadi said, as quoted by Antara on Thursday, the companies were selected from a total of 1,859 firms applying for the license.

'Supreme Court up to Gus Dur'

'Supreme Court up to Gus Dur' JAKARTA (JP): Vice President Megawati Soekarnoputri has unexpectedly turned down President Abdurrahman Wahid's mandate to choose alternative candidates for the Supreme Court Chief and returned the responsibility to the President. "Ibu Mega leaves the matter entirely in the hands of Gus Dur (Abdurrahman's nickname) as president," legislator Sophan Sophiaan said from Bern, Switzerland, where he is accompanying Megawati on a visit.

PT KAI demands double-track railroad

PT KAI demands double-track railroad JAKARTA (JP): State-owned railway company PT KAI renewed its demand for a double-track railroad linking Jakarta and East Java to improve train services, particularly during peak seasons. A spokesman for the company, Zaenal Abidin, said on Thursday a double-track railroad was the best option to cope with the huge backlog of passengers seen recently.

Gus Dur offers Riau 20% in CPP oil block

Gus Dur offers Riau 20% in CPP oil block JAKARTA (JP): President Abdurrahman Wahid wants the Riau provincial administration to only possess a 20 percent stake in a joint venture with state oil and gas company Pertamina to develop the Coastal Plains Pekanbaru (CPP) oil block in the province. Riau governor Saleh Djasit told reporters on Thursday that the President, also known as Gus Dur, had told him during a recent meeting that a 20 percent stake in the project was enough for the province.

Bring church bombers to court

Bring church bombers to court We, the Indonesian community in New York and its vicinity, who are gathered under the Concern For Humanity Forum, made up of various churches and community organizations, hereby express our deep and strong concern regarding the recent bombings at various churches in Indonesia on Christmas Eve as services were taking place. We condemn and deplore these acts of terrorism.

Police arrest four over Rp 318m bank fraud

Police arrest four over Rp 318m bank fraud JAKARTA (JP): City police detectives from the banking crimes division arrested four people on Thursday in connection with a Rp 318 million (US$33,400) fraud case at Bank Bumiputera in Central Jakarta. Jakarta Police chief of detectives Chief Comr. Harry Montolalu identified the four suspects as Adi, Antonius, Emmy and Ratna.

Stalls scalped for profit

Stalls scalped for profit PONOROGO, East Java (JP): A new phenomenon occurred here at the annual night bazaar to welcome Idul Fitri, with scalpers renting out stalls to vendors. "These scalpers are a new occurrence. It never happened before," the head of general affairs at the Ponorogo Regency Office, Tony Hendratmoko, said as quoted by Antara.

IBRA to sell more of its ownership in Salim Group

IBRA to sell more of its ownership in Salim Group JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) plans to sell its ownership in more than seven companies this year, mostly those of the Salim Group companies, according to a senior official at the agency. Director of IBRA's asset management investment (AMI) Dasa Sutantio said on Thursday the divestment would take place in the second semester.

Beware of frauds posing as journalists, warn police

Beware of frauds posing as journalists, warn police JAKARTA (JP): Police warned on Thursday of increasing incidents being reported of people purporting to be journalists asking money from sources or blackmailing officials and businesspeople. Secretary to the City Police Public Relation Department Adj. Comr. Alex Mandalika said that police could not arrest the impostors without first receiving a report or complaint from the victims.

New textile quota policy issued to curb quota trading

New textile quota policy issued to curb quota trading JAKARTA (JP): The government issued on Thursday a regulation to curb the trading of export quota among textile producers which have hampered the growth of the country's textile exports. Under the regulation, the government would hold the right to transfer the export quota from exporters who are unable to meet their export quotas to exporters who are able to do so, Minister of Industry and Trade Luhut B. Pandjaitan said.

Export agency to organize fair trips for SMEs

Export agency to organize fair trips for SMEs JAKARTA (JP): The National Agency for Export Development (BPEN) plans to organize trips this year for between 300 and 350 small and medium enterprises (SMEs) to participate in 46 trade fairs worldwide. "We are allocating Rp 5 billion ($526,000) for all the year's international fairs," BPEN Chairman Gusmardi Bustami told The Jakarta Post by phone on Thursday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 4, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 2,075 -25 111,000 Adindo Foresta Indonesia 100 0 0 Alakasa Industrindo 425 0 0 Alfa Retailindo 900 0 56,000 Alter Abadi 120 0 0 Alumindo Light Metal 725 0 0 Andhi Chandra 1,150 50 321,000 Aneka Kimia Raya 260 0 0 Aneka Tambang (Persero) 850 0 774,500 Anwar Sierad 300 0 0 APAC Centertex Corp.