Indonesian Political, Business & Finance News

Archive: 5 January 2001

47 articles found

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.

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.

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...

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...

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.

Banten needs to educate itself

Banten needs to educate itselfBy 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.

Ocampo's new bombs in Manila full of ironies

Ocampo's new bombs in Manila full of ironiesBy 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.

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.

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.

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.

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.

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.

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.

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".

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.

What should we do about Tommy?

What should we do about Tommy?From Rakyat MerdekaAs 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.

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...

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.

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.

Miners make their own music in the Kalimantan jungle

Miners make their own music in the Kalimantan jungleBy 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.

Rupiah Rates Jan.4

Rupiah Rates Jan.4 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,015.00 10,015.00 9,467.00 9,563.00Australian dollar 1 5,012.34 5,573.35 5,263.65 5,321.81Austrian schilling 1 609.09 677.02 639.63 646.46Belgian franc 1 207.77 230.94 218.18 220.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

'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.

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...

Stock Exchange

Stock ExchangeStock 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...

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.

'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.

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.

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.

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.

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.

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.

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.

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.

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.