Indonesian Political, Business & Finance News

Archive: 7 December 2001

82 articles found

S'pore prepares groundwork for biomedical facility

S'pore prepares groundwork for biomedical facilityAgence France Presse, Singapore Singapore on Thursday began construction of a multi-million dollar, 1.8 million square-foot (162,000 square-metre) facility dedicated to research and development in biomedical sciences.

Yogyakarta safe for foreign tourists

Yogyakarta safe for foreign touristsSri Wahyuni, The Jakarta Post, Yogyakarta Despite the recent anti-U.S. sentiment, Yogyakarta is still a safe place to visit for foreign tourists, observers said here on Thursday.Speaking in a dialog held here at Yogyakarta Hyatt Regency Hotel, Comr.

PT Rio Tinto clarifies

PT Rio Tinto clarifies I am writing regarding your series of articles on the divestment of PT Kaltim Prima Coal (KPC), the latest of which appeared in the Dec. 4 issue titled Government urged to speed up KPC divestment.

Barge hits ferry in Banjarmasin

Barge hits ferry in Banjarmasin Banjarmasin, South Kalimantan: The Marina Nusantara, a ferry that was making its way to Trisakti harbor here, collided with a barge loaded with coal at the mouth of Barito River near the city's seaport.

Four sites identified to replace Bantar Gebang

Four sites identified to replace Bantar GebangAhmad Junaidi, The Jakarta Post, Jakarta Some days ahead of the closure of the rubbish dump in Bantar Gebang, the City Administration claimed on Thursday to have secured four alternative sites.

Bus tickets up 50 percent in Bogor

Bus tickets up 50 percent in Bogor BOGOR: Several bus companies in Bogor have increased the cost of their tickets by more than 50 percent, in violation of a government decree mandating that bus fares during Lebaran and Christmas festivities stay at 12 percent.

Golkar claims lousy: Parties

Golkar claims lousy: PartiesThe Jakarta Post, Jakarta Leaders of several political parties went ballistic on Thursday over a Golkar party report which claimed that they, too, had received hot money from the State Logistics Agency (Bulog) for their 1999 election campaigns.

Mahathir sees Malaysian economy growing in 2001

Mahathir sees Malaysian economy growing in 2001Reuters, Kuala Lumpur Malaysia will record positive gross domestic product (GDP) growth for the full year in 2001, Prime Minister Mahathir Mohamad said on Thursday, despite forecasts of a contraction by some analysts.GDP shrank 1.

KL deports 500 illegal Filipinos

KL deports 500 illegal Filipinos MALAYSIA: Kuala Lumpur deported another batch of more than 500 Filipino immigrants on Thursday, bringing to more than 1,000 the number of illegal Filipinos to have been sent back in the past week.

Innovative farmer lives out his childhood dream

Innovative farmer lives out his childhood dreamLeo Wahyudi S, The Jakarta Post, Jakarta Few farmers would dream of making as much money as the president. But one young farmer not only dreamt it, he actually pursued it.

Seven killed in Manggarai riots

Seven killed in Manggarai riots KUPANG, East Nusa Tenggara: At least seven people were reportedly killed, dozens others injured and 37 houses set ablaze when two villages in Manggarai regency, East Nusa Tenggara province were involved in communal clashes earlier this week.

Serious shortage of kerosene in N. Sumatra

Serious shortage of kerosene in N. SumatraApriadi Gunawan, The Jakarta Post, Medan In a protest against the shortages of kerosene, resulting in higher demand and higher prices, in North Sumatra, hundreds of people staged a rally at state oil company Pertamina's office on Thursday demanding that the...

Headings

Headings 1. Minyak: 10 x 4 lines Kerosene crisis hits North Sumatra2. Ancaman: 20 x 2 lines Laskar Jihad members facing possible six years in prison3. Heli: 24 x 2 linesAceh administration in urgent need of helicopter4. Tourism:Yogyakarta still safe for foreign tourists: Observers

Aggressive campaign to help school age children vital: Analysts

Aggressive campaign to help school age children vital: AnalystsBambang Nurbianto The Jakarta Post Jakarta Education analysts proposed on Thursday an intensive campaign to help millions of school age children who were unable to continue their education, saying that otherwise a tragedy for the...

Rupiah Rates Dec. 6

Rupiah Rates Dec. 6 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,960.00 9,960.00 10,512.00 10,408.00Australian dollar 1 5,671.80 5,149.32 5,439.96 5,380.94Austrian schilling 1 707.21 642.32 678.30 671.21Belgian franc 1 241.23 219.10 231.37 228.

AGO will probe $3b promissory scandal

AGO will probe $3b promissory scandalThe Jakarta Post, Jakarta The Attorney General's Office (AGO) promised on Thursday to investigate a scandal surrounding the issue of 500 promissory notes worth Rp 30 trillion (approximately US$3 billion) involving a relative of former president Soeharto.

'Tangkiwood' fades in time

'Tangkiwood' fades in timeIda Indawati Khouw, The Jakarta Post, Jakarta Legendary comedian, the late Bing Slamet jokingly called the alleyways in Tangki subdistrict, Mangga Besar in downtown Kota, West Jakarta, "Tangkiwood" back in the 1950s.

RI-Australia closer again

RI-Australia closer again JAKARTA: Relations between the Indonesian and Australian governments are improving, Minister of Foreign Affairs Hassan Wirayuda said on Thursday.The two countries have agreed to meet and discuss many bilateral problems, Hassan said after meeting President Megawati...

Police threats to clamp down on firecrackers ignored

Police threats to clamp down on firecrackers ignoredRendi A. Witular, The Jakarta Post, Jakarta Even though the city police have threatened to impose stern measures against the production, sale and possession of potentially-dangerous firecrackers, people are indifferent towards the threat.

Govt fears Cemex may back down out of Semen Gresik purchase

Govt fears Cemex may back down out of Semen Gresik purchaseDadan Wijaksana, The Jakarta Post, Jakarta State Minister for State Enterprises Laksamana Sukardi said on Thursday that Cemex SA de CV had basically agreed with the government's new scheme for the sale of state-owned cement maker PT Semen...

Govt policy: It's hard to be consistent

Govt policy: It's hard to be consistentSjahrir, Economist, Chairman, The New Indonesia Alliance (PIB) Once again the latest draft Letter of Intent (LoI) issued in November, entitled the Memorandum of Economic and Financial Policies, uses a very detailed approach beyond the framework of...

Malaysia makes armed forces more attractive to young graduates

Malaysia makes armed forces more attractive to young graduatesV.K. CHIN, The Star, Asia News Network, Kuala Lumpur Defense Minister Datuk Seri Abdul Najib Tun Razak has proposed that future graduates joining the armed forces in future will start with the rank of captain instead of lieutenant.

Laksamana reshuffles IBRA top officials

Laksamana reshuffles IBRA top officialsThe Jakarta Post, Jakarta State Minister for State Enterprises Laksamana Sukardi has reshuffled the top management of the Indonesian Bank Restructuring Agency (IBRA) in a bid to boost its performance.

We must remember that Indonesia is a country in the doldrums, and

We must remember that Indonesia is a country in the doldrums, and needs so many resources to be able to merely survive. We often blame foreigners, while the main fault may lie with our corrupt mentality which we fail to improve.

Palm oil set for strong bull run in 2002: Analysts

Palm oil set for strong bull run in 2002: AnalystsDenny Kurien, Dow Jones, Kuala Lumpur After staging a recovery earlier this year following a prolonged slump, palm oil is set for a strong bull run in 2002, as a pickup in demand is expected to coincide with a cyclical drop in global edible oil...

Indian embassy responds

Indian embassy responds This is with reference to the news item titled Jambi threatens to deport 355 Indian citizens in The Jakarta Post on Nov. 21, 2001.The story is not based on facts. This embassy has discussed the issue with the immigration office in Jambi province and was informed that the 355...

Golkar buys more time in Akbar's inquiry

Golkar buys more time in Akbar's inquiryKurniawan Hari, The Jakarta Post, Jakarta Golkar managed to buy more time to further lobby its position on Thursday by succeeding in delaying the House of Representatives Consultative Body's decision on whether to propose a special investigation into the...

1. OPEC

1. OPEC OPEC delays oil cuts until Norway specifies move 2. Palm Palm oil set for strong bull run in 2002: Analysts JP/20/Palm 3. Belum Microsoft wins antipiracy pledge from China's PC makers 4. Bio S'pore prepares groundwork for biomedical facility JP/20/Bio

Govt moves to rein in press

Govt moves to rein in pressKurniawan Hari, The Jakarta Post, Jakarta The freewheeling days when the Indonesian press was free to publish whatever it wanted look numbered as the government is preparing a bill to stem what it considers press excesses.

Rendi A. Witular

Rendi A. Witular The Jakarta Post Jakarta Even though the city police have threatened to impose stern measures against the production, sale and possession of potentially-dangerous firecrackers, people are indifferent towards the threat.

Bantar Gebang closure brings joy to residents

Bantar Gebang closure brings joy to residentsTheresa Sufa, The Jakarta Post, Bekasi Ani's eyes blinked in joy when she was asked how she felt about the Bekasi administration's decision to close Bantar Gebang refuse dump this weekend.

City still dithering over garbage problem

City still dithering over garbage problemAnnastashya Emmanuelle, The Jakarta Post, Jakarta The Jakarta administration's incompetence in waste management has back-fired on the administration following the decision of Bekasi municipality to close Bantar Gebang, Jakarta's principal garbage dump, prior...

Thai bomb threat suspect arrested

Thai bomb threat suspect arrested THAILAND: Police said on Thursday they had arrested a man for making a hoax bomb threat that delayed a China Airlines flight to Bangkok by two hours.Pichai Siriwannaporn, 41, the owner of a job placement agency in Bangkok, was arrested after he admitted to police...

JP/FESTIVE

JP/FESTIVEBali Offering joyous festivities for old and young OR Celebrate your holiday in style on the Island of the GodsORCelebrate your holiday in style in BaliRita A. Widiadana and I Wayan Juniarta The Jakarta Post Denpasar Let's cherish the year that has almost passed and welcome the one to...

etronas' Mohd Hassan said the company had talked about buying

etronas' Mohd Hassan said the company had talked about buying the Sepang circuit as far back as 1996, when Malaysia was picked to host a Formula One race. "We will find a fair and reasonable value ... we are still negotiating," he was quoted as saying.

To government's relief, Agus finally has lawyer

To government's relief, Agus finally has lawyerFabiola Desy Unidjaja, The Jakarta Post, Jakarta Agus Budiman, an Indonesian in legal strife in the U.S. for overstaying his visa and a possible link to the Sept. 11 attack on New York and the Pentagon, has eventually got a lawyer.

Civil servant absent for six years

Civil servant absent for six years JAKARTA: Will you get fired if you fail to show up for work for six years? Not likely -- if you work for the National Land Agency (BPN), that is.Minister for Administrative Reforms M.

Aceh in urgent need of helicopter

Aceh in urgent need of helicopterThe Jakarta Post, Jakarta The Banda Aceh city administration pledged financial assistance for the Aceh provincial government to purchase a helicopter, which it is claimed is badly needed to help make the administration in the restive province effective.

Corporate Briefs

Corporate BriefsListed PT Bank Negara Indonesia expects its net profit to rise to Rp 2.39 trillion (US$228 million) next year from Rp 1.48 trillion expected this year, said the bank's president director Syaifuddin Hasan.

From Koran Tempo

From Koran Tempo It's really interesting to read Tempo weekly's Nov. 19 and Nov. 25 editions, which deal exhaustively with the "moral integrity" of Akbar Tandjung, chairman of the Golkar Party and House Speaker, now implicated in the Bulog scam, involving Rp 40 billion.

Govt hopes to finish Telkom sale next week

Govt hopes to finish Telkom sale next weekTantri Yuliandini, The Jakarta Post, Jakarta The government said it was optimistic about closing the sale of a 15 percent stake in state-owned telecommunications company PT Telkom by next week to raise around Rp 4 trillion (US$381 million) in cash.

Agus Budiman finally has lawyer: Agus Budiman, an Indonesian in

Agus Budiman finally has lawyer: Agus Budiman, an Indonesian in legal strife in the U.S. for overstaying his visa and a possible link to the Sept. 11 attack on New York and the Pentagon, has eventually got a lawyer. Page 4

Laskar Jihad members facing possible six years in prison

Laskar Jihad members facing possible six years in prisonAinur R. Sophiaan, The Jakarta Post, Surabaya. Suspected of involvement in the recent riots in Ngawi, East Java, 102 Laskar Jihad members face possible six-year prison sentences, local police said.

Development zones to be reviewed

Development zones to be reviewedThe Jakarta Post, Jakarta President Megawati Soekarnoputri has instructed the Minister for the Acceleration of Eastern Indonesian Development, Manuel Kaisiepo, to review the Integrated Economic Development Zone (Kapet) program due to slow progress in attracting...

Tommy tries to stall investigation, reports Gus Dur's ally to police

Tommy tries to stall investigation, reports Gus Dur's ally to policeTiarma Siboro, The Jakarta Post, Jakarta In what could be seen as an attempt to derail the criminal investigation against him, Hutomo "Tommy" Mandala Putra filed a complaint with Jakarta Police Headquarters on Thursday against...

1. Education, 3 lines, 15 counts

1. Education, 3 lines, 15 counts Educators call for drive to help poor children 2. Poso, 1 line, 35 counts Experts back Poso plan, doubt TNI capacity 3. TANI, 2 lines, 24 counts Innovative farmer lives out his childhood dream

Tommy enjoys all the comforts of home

Tommy enjoys all the comforts of homeEmmy Fitri, The Jakarta Post, Jakarta Police are taking no chances with their most famous detainee, Hutomo "Tommy" Mandala Putra. So much so, that they do not even want to risk affording him the "comforts" of an actual jail cell or a prison uniform.

Two vehicle thieves shot dead

Two vehicle thieves shot dead JAKARTA: Two men, said to be specialist vehicle thieves, were shot dead by police officers from the Tamansari police subprecinct when they were caught trying to steal a motorcycle in Glodok on Thursday.

Judge's trial postponed

Judge's trial postponed JAKARTA: A state prosecutor failed on Thursday to present a sentencing request for Jakarta High Court judge Fauzatulo Zendrato, who is being tried for bribery.Prosecutor Agus Sutoto told the Central Jakarta District Court that he had not yet prepared the demand and asked the...

Experts back Poso plan, doubt TNI capacity

Experts back Poso plan, doubt TNI capacityBambang Nurbianto, The Jakarta Post, Jakarta Military analysts threw their weight on Thursday behind the government's plan to impose a state of emergency to end the sectarian fighting in Poso, Central Sulawesi, but cast doubt on the military's...

1. AIDS, 1 line, 25 counts

1. AIDS, 1 line, 25 counts Golkar claims lousy: Parties 2. LBH, 2 lines, 15 couts 'Locomotive of democracy' learns democracy 3. BUDIMAN, 2 lines, 18 counts To government's relief, Agus finally has lawyer 4. PROMES, 2 lines, 15 counts AGO will probe $3b promissory scandal

House appoints BI deputy governors

House appoints BI deputy governorsThe Jakarta Post, Jakarta The House of Representatives appointed three Bank Indonesia deputy governors late on Wednesday, overriding an earlier deal to wait for an amendment to the central bank law.

CIREBON, West Java: Local police shot eight alleged criminals

CIREBON, West Java: Local police shot eight alleged criminals who are suspected to have committed numerous crimes in Sumber village over the weekend in the process of arresting them. None of the injuries incurred were deemed to be life- threatening.

Lazy employees go home: Regent

Lazy employees go home: Regent GORONTALO: The regent of Boalemo, Iwan Bokings, said that lazy civil servants in the district administration were better off at home."Rather than gossiping and doing nothing in their offices, they'd better go home and take care of their families" Iwan Bokings said in...

BRI to try Islamic principles

BRI to try Islamic principles JAKARTA: State Bank Rakyat Indonesia (BRI) is planning to open profit-and-loss-sharing branches based on Islamic principles in several parts of the country early next year, a report said on Thursday.

Ramadhan time for Jakarta

Ramadhan time for JakartaFriday Maghrib 6:00 p.m.Saturday Imsak 3:58 a.m. Subuh 4:08 a.m.

Two vehicle thieves shot dead

Two vehicle thieves shot dead JAKARTA: Two men, said to be specialist vehicle thieves, were shot dead by police officers from the Tamansari police subprecinct when they were caught trying to steal a motorcycle in Glodok on Thursday.

Petronas plans to buy KL Grand Prix circuit

Petronas plans to buy KL Grand Prix circuitAssociated Press, Kuala Lumpur, Malaysia National oil company Petronas plans to buy Malaysia's Formula One Grand Prix circuit from another government-controlled company, a senior executive said.But Petroliam Nasional Bhd.

KL deports 1,600 Indonesian workers

KL deports 1,600 Indonesian workersReuters, Kuala Lumpur Malaysia has deported more than 1,600 Indonesian illegal immigrants after a blaze at their detention camp earlier this week left them without quarters, an immigration official said on Thursday.

An adventure of the most rapid lifestyle changes

An adventure of the most rapid lifestyle changes What do many Indonesians have in mind about this country? Its oil? Sand? Date? Football team and leagues? The Emirate Airline? The teasing prices at its airport dutyfree shops? Or simply as one of the richest countries in the world?Many of us here...

Bank Mandiri raises $125m from overseas market

Bank Mandiri raises $125m from overseas marketThe Jakarta Post, Jakarta State-owned Bank Mandiri successfully sold US$125 million of five-year floating rate euro bonds on Thursday, marking the first overseas bond issue by a government-owned firm since the 1997 financial crisis.

Widodo TNI chief until 2004

Widodo TNI chief until 2004 JAKARTA: The controversy over the replacement of Adm. Widodo A.S. as Commander of the Indonesian Military (TNI) continued with TNI spokesman Rear Marshal Graito Usodo saying on Thursday that there would be no replacement of the post of TNI chief until 2004.

Closer ties favored

Closer ties favored The majority of people in Taiwan consider themselves to be Chinese and are in favor of stability and closer ties with the mainland - despite the Democratic Progressive Party (DPP) winning more seats in the "Legislative Yuan" in the just-concluded elections.

Brantas River: One of most successful projects

Brantas River: One of most successful projects The comprehensive development of Brantas River Basin is one of the most successful projects in Indonesia.Due to the construction of Dams and Barrages, Surabaya has become safe against flood disasters.

Commitment and unity

Commitment and unity As an observer of Indonesia it would seem to me that the country wastes and totally underestimates the strength and value of its largest resource: its people. At this moment in time, the stated number of unemployed in this country is close to 40 million, and that is not far...

Year-end Optimism

Year-end Optimism Positive thinking will help a patient stand a better chance of recovering. While a human being is a living organism, a state is a social organism. Hence, positive thinking may also help an ailing state like Indonesia, battered these past four years by a multi-dimensional crisis,...

Batam tripartite meeting proposes 5% wage rise

Batam tripartite meeting proposes 5% wage rise Fadli The Jakarta Post BatamA tripartite meeting attended by businessmen, labor and government representatives has agreed to propose a five percent, or Rp 25,000, increase in the minimum wage for the industrial island of Batam in Riau province,...

TV today

TV todayTVRI 3:00 a.m. Ramadhan Program 5:00 Religious Teachings 6:00 News 8:00 Environment 8:45 City News 10:00 Children's Song 10:30 30 Minutes with Anita Rahman 11:00 Regional News 11:30 Music 12:00 p.m.

Three more dead as Aceh raids intensify

Three more dead as Aceh raids intensify Ibnu Mat Noor The Jakarta Post Banda AcehAt least three people were killed as military and police intensified operations in Aceh ahead of a commemoration, which has caused anxiety among villagers, the military said on Sunday.

Government to complete Telkom sale next week: The government says

Government to complete Telkom sale next week: The government says it is optimistic about closing the sale of a 15 percent stake in state-owned telecommunications company PT Telkom by next week to raise around Rp 4 trillion (US$381 million) in cash.

MNLF chief renews independence demand: Lawyer

MNLF chief renews independence demand: LawyerAgencies, Manila Philippine Muslim chief Nur Misuari has renewed his demand for independence for the country's five million Muslim minority and will seek the help of the United Nations to achieve his goal, his lawyer said on Thursday.

Government to boost inspection of imports

Government to boost inspection of importsAdianto P.Simamora, The Jakarta Post, Jakarta The government plans to issue a new trade ruling early next year requiring imported electronics, textiles, footwear and toys to undergo a physical inspection process by the local customs office in a bid to curb...

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 6, 2001: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,175 0 332,500 Adindo Foresta 70 0 500 AGIS 120 0 1,946,500 Akbar Indo Makmur 170 -5 7,000 Alakasa...

'Telkomgate' committee

'Telkomgate' committeeFrom Koran TempoAt last, the House of Representative (DPR) has teamed up with the state-owned telecommunications company, PT Telkom, to increase telephone rates, effective January 2002.

Community participation vital in regional autonomy

Community participation vital in regional autonomyPeter de Young, Public Relations Consultant, Jakarta The informative summary of the potential problems associated with the planned introduction of regional autonomy by Gustaf Tamo Mbapa (The Jakarta Post, Nov.

Aggressive campaign to help school age children vital: Analysts

Aggressive campaign to help school age children vital: AnalystsBambang Nurbianto The Jakarta Post Jakarta Education analysts proposed on Thursday an intensive campaign to help millions of school age children who were unable to continue their education, saying that otherwise a tragedy for the...

Govt to launch operation to mend security in Poso

Govt to launch operation to mend security in PosoBadri Jawara, The Jakarta Post, Poso The government will launch a Security Restoration Operation on Monday in an effort to stop the latest outbreak of sectarian violence that has claimed hundreds of lives in the town of Poso, Central Sulawesi, the...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions* Stone Lithographs and Paintings by Ken Pattern, Koi Galeri/Restoran Jl Mahakam I/2 (Tel: 722 2864), 11 a.m. to 11 p.m. until Dec. 31. * Indonesian Comic part 2, The British Council, S. Widjoyo Centre, Jl. Jend. Sudirman 71, South Jakarta, Monday to Friday, 9 a.m.

Aggressive campaign to help school age children vital: Analysts

Aggressive campaign to help school age children vital: AnalystsBambang Nurbianto The Jakarta Post Jakarta Education analysts proposed on Thursday an intensive campaign to help millions of school age children who were unable to continue their education, saying that otherwise a tragedy for the...

Educators call for drive to help poor children

Educators call for drive to help poor childrenBambang Nurbianto, The Jakarta Post, Jakarta Education analysts proposed on Thursday an intensive campaign to help millions of school age children who were unable to continue their education, saying that otherwise a tragedy for the country's future...

A land of time-honored traditions and rapid lifestyle changes

A land of time-honored traditions and rapid lifestyle changes What do many Indonesians have in mind when they think of the United Arab Emirates? Its oil? Sand? Dates? Football? Emirates airline? The teasing prices at its airport duty-free shops? Or simply as one of the richest countries in the...

Golkar's empty bluff

Golkar's empty bluff The forming of a special committee is finally on the agenda of the Consultative Body (Bamus) of the House of Representatives (DPR). This indicates a progressive step toward unraveling the alleged misuse of non-budgetary funds belonging to the State Logistics Agency (Bulog).