Indonesian Political, Business & Finance News

Archive: 13 February 2001

61 articles found

Asian currencies down prior to Greenspan report, U.S. retail data

Asian currencies down prior to Greenspan report, U.S. retail data SINGAPORE (Dow Jones): Most Asian currencies drifted lower late Monday in cautious, range-bound trading, as the yen provided a weak lead with Japanese financial markets closed for a national holiday, dealers said.

SIA expects lower traffic on Indonesian route

SIA expects lower traffic on Indonesian route JAKARTA (JP): Singapore Airlines (SIA) expects a decline in the number of passengers in its Indonesian service this year as foreign tourists continue to skip the country as a holiday destination.

Formal probe into Ancol scam to begin

Formal probe into Ancol scam to begin JAKARTA (JP): The City Prosecutors' Office will proceed with a formal investigation into the alleged misuse of PT Pembangunan Jaya Ancol (PJA) for recent official trips abroad after questioning 18 city officials connected with the case.

RI, Singapore sign second gas deal worth $9 billion

RI, Singapore sign second gas deal worth $9 billion JAKARTA (JP): State oil and gas company Pertamina and Singapore's PowerGas Ltd signed a gas sales agreement on Monday worth US$9 billion, confirming Indonesia's second natural gas sales deal with the city state.

Hadi Poernomo new director general of taxation

Hadi Poernomo new director general of taxation JAKARTA (JP): Hadi Poernomo was installed on Monday as the new director general of taxation, replacing Machfud Sidik, who was appointed director general of fiscal decentralization, a new post at the finance ministry.

Shuttlers stage fund raising match

Shuttlers stage fund raising match JAKARTA (JP): Indonesia's top badminton players will team up with noted celebrities in a fund-raising event to raise money for victims of natural disasters."We will show our concern for the needy people throughout the country by staging an exhibition badminton...

Govt to restore schools in disaster areas

Govt to restore schools in disaster areas JAKARTA (JP): The Ministry of National Education is set to begin rehabilitating thousands of elementary and junior high school buildings in disaster-hit and riot-torn areas beginning March, an official said on Monday.

Rupiah Rates Feb. 12

Rupiah Rates Feb. 12 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,100.00 10,100.00 9,552.00 9,648.00Australian dollar 1 4,882.15 5,423.70 5,124.65 5,180.98Austrian schilling 1 612.65 680.71 643.08 650.24Belgian franc 1 208.98 232.20 219.36 221.

Transportation experts divided over MRT system

Transportation experts divided over MRT system JAKARTA (JP): The proposed Mass Rapid Transit (MRT) system for the capital remains the subject of acrimonious debate, with experts weighing in on everything from the project's economic feasibility to its environmental impacts.

Raffle prize with fictitious address

Raffle prize with fictitious addressFrom Media IndonesiaIn the past two weeks some people have come to our building bringing along with them a "Prize Winner" notification purportedly sent by PT Van Melle Indonesia (for "Tour to Rome, Italy" prize) and also from PT Sayap Mas Utama Indonesia (for...

Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 12, 2001:

Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 12, 2001: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,800 0 194,000 Adindo Foresta Indonesia 125 -5 252,000 Alakasa Industrindo 190 0 0 Alfa Retailindo 975 0 288,500...

I'll do it my way, says new justice minister Lopa

I'll do it my way, says new justice minister Lopa JAKARTA (JP): Newly installed Minister of Justice and Human Rights Baharuddin Lopa said here on Monday that he would employ his own approach in efforts to reform the judicial system, including measures to achieve greater control over delinquent...

Remote chance of crisis hitting Asia again: PERC

Remote chance of crisis hitting Asia again: PERC SINGAPORE (AFP): Asian countries remain dogged by problems arising from the 1997 financial crisis but these are not likely to trigger another collapse in the region's economies, a report said Monday.

GAM troops told to comply with newly signed pact

GAM troops told to comply with newly signed pact BANDA ACEH, Aceh (JP): Commander of the Free Aceh Movement (GAM) separatist group Tengku Abdullah Syafiie has ordered his troops to comply with the newly signed pact with the Indonesian government and "to seriously make an effort to end violence in...

Merapi's volcanic activities subside amid thick fog: Rizal

Merapi's volcanic activities subside amid thick fog: Rizal YOGYAKARTA (JP): Mount Merapi's volcanic activities subsided on Monday as most parts of the mountain were covered by thick fog, chief of Volcanic Technology and Research Development (BPPTK) Syamsul Rizal said.

Minister insists on fuel price hike

Minister insists on fuel price hike JAKARTA (JP): Finance Minister Prijadi Praptosuhardjo insisted on Monday that fuel prices must be increased by 20 percent in April to meet urgent budget needs, indirectly disputing a remark made earlier by Coordinating Minister for the Economy Rizal Ramli.

Daewoo's operations abroad face major revamp

Daewoo's operations abroad face major revamp SEOUL (AFP): South Korea will drastically revamp the overseas operations of bankrupt Daewoo Motor Co., a top government official said Monday, as the company's main domestic plant began a three-week shutdown.

Tjiwi to make $13.25m bond payment

Tjiwi to make $13.25m bond payment JAKARTA (Reuters): PT Tjiwi Kimia Tbk, an Indonesian unit of Asia Pulp and Paper (APP), said on Monday it will make a delayed $13.25-million coupon payment on its $600 million of bonds due in 2004 within 30 days from Feb. 1."The company will pay the coupon...

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. * Batik Kolase, by Joachim Blank, Galeri Bandung, Jl. Siliwangi 16 (Phone: 022 2036515), 9 a.m. to 5 p.m., until Feb. 24.

Court rules against Perhutani

Court rules against Perhutani JAKARTA (JP): The Jakarta State Administrative Court overruled on Monday a decision by directors of the state-owned forestry company Perum Perhutani to demote two executives.Two panels of judges, presided over by judges Trimurti S.

Second commodities exchange to open in March

Second commodities exchange to open in March JAKARTA (JP): Indonesia's second futures commodity exchange, the Jakarta Commodities Exchange (JACOM), expressed its optimism that it could start trading in March, although it had yet to receive the government's operation permit.

Controversy continues over transgenic produce

Controversy continues over transgenic produce JAKARTA (JP): Environmental groups, producers and scientists on Friday demanded the government take up a more assertive and active role in resolving the long standing debate over transgenic crops.

Vessel stranded in Madura

Vessel stranded in Madura SAMPANG, Madura: The KM Osihana was found with its captain dead after being stranded in waters off Sokobanoh Utara village beach here, while the remaining seven ship crew members were saved, official said.

No compromise in combating graft: Marzuki

No compromise in combating graft: Marzuki JAKARTA (JP): Attorney General Marzuki Darusman said on Monday that he supported President Abdurrahman "Gus Dur" Wahid's intention to fight corruption, collusion and nepotism without any political compromise.

KL hopes to revive debt-ridden plant

KL hopes to revive debt-ridden plant KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad said Monday that the government hopes to revive its debt-ridden Perwaja Steel which is currently under investigation for alleged abuse of funds.

One dead, 13 missing on MT. Slamet

One dead, 13 missing on MT. Slamet PUWOKERTO, Central Java: One student has been killed and 13 others reported missing following an attempt to conquer the 3,428-meter high Mt. Slamet, a climb coordinator said on Monday.

Stretching the imagination and fulfilling fantasies

Stretching the imagination and fulfilling fantasiesBy Hari Susianto JAKARTA (JP): Every few years there will be a new concept and trend in marketing. Since the late 1990s, it has been experiential marketing.We can easily detect the latest marketing trend by surfing the web.

Death toll from Banten landslide, flood rises to 100

Death toll from Banten landslide, flood rises to 100 SERANG, Banten (JP): The death toll of landslides and flooding following torrential rains which hit four regencies in Banten province in the past three days has risen to 100, officials said on Monday.

Taiwan likely in U.S watchlist

Taiwan likely in U.S watchlist TAIPEI (AFP): The United States may tag Taiwan as a "priority" country in a special watchlist this year for having allegedly violated intellectual property rights, the Economic Daily News reported Monday.

Taiwan's investment in China

Taiwan's investment in China TAIPEI (DPA): Taiwanese investment in mainland China hit a record high of US$2.7 billion last year, according to a recent report by a think tank on the island."Taiwan's mainland investments hit an all-time high last year and grew 108 per cent compared with a year...

Domestic political condition

Domestic political conditionFrom Media IndonesiaIt seems that political practices in Indonesia are quite messy now and are no longer based on existing principles. That this is so is clear from efforts to return the political condition to the past.

Bank Mandiri vehicle stolen

Bank Mandiri vehicle stolen JAKARTA (JP): Five men broke into a house on Jl. Muara in Tanjung Barat subdistrict, Jagakarsa district, South Jakarta, belonging to an employee of state-owned Bank Mandiri, stealing a Kijang van belonging to the bank.

Man shot, woman arrested in drug haul

Man shot, woman arrested in drug haul JAKARTA (JP): Police have shot a drug trafficker, who later died on the way to the hospital, and detained his pregnant wife after finding 5 kilograms of shabu-shabu (Crystal Methamphetamine) and 15,000 Ecstasy pills worth Rp 7 billion (US$730,000) in their...

Six karatekas to AMA Int'l

Six karatekas to AMA Int'l JAKARTA (JP): Lemkari karate school sends six karatekas to the third AMA International Open Championships in Nottingham, England, in preparation for the Kuala Lumpur Southeast Asian (SEA) Games in September.The championships will take place on Feb. 17 and Feb. 18.

17 RI haj pilgrims die, 114 hospitalized

17 RI haj pilgrims die, 114 hospitalized JAKARTA (JP): A total of 17 Indonesian haj pilgrims have died and some 114 have been hospitalized, an official stated on Monday.The spokesman for the Ministry of Religious Affairs, Hasbu Marzuki, said most of the deaths were the result of heart attacks.

Pro-govt activists launch campaign of terror in E. Java

Pro-govt activists launch campaign of terror in E. Java SURABAYA (JP): Threats and intimidation of local party and government officials marked demonstrations by supporters of the President in East Java on Monday.

New Order mentality still prevails

New Order mentality still prevails Being a foreigner and looking at the situation in Indonesia now, I wonder if saying something on the situation could be taken as "meddling with the internal affairs of a sovereign nation".

Iran's revolution, 20 years after

Iran's revolution, 20 years after This is the second of two articles on the Iranian revolution by Sidhesh Kaul, a commentator on regional economic and political issues based in Jakarta. JAKARTA (JP): Ayatollah Khomeini laid out his views clearly in his 1971 book The Islamic Government in which he...

UN will pull out of E. Timor in 2002

UN will pull out of E. Timor in 2002 DILI, East Timor (Agencies): The United Nations will pull out of East Timor in 2002, a top official said on Monday, allaying concerns the fledgling nation may not be ready for independence.

The need to recognize Timor refugees' wishes

The need to recognize Timor refugees' wishes The following articles by freelancer Rani R. Moediarta are on a volunteer helping refugees in Kupang, capital of East Nusa Tenggara. Interviews were conducted in Kupang, and through email and telephone from Jakarta.

Companies need intelligence officers: Security expert

Companies need intelligence officers: Security expert JAKARTA (JP): Like a state, companies need intelligence officers to prevent possible disturbance sparked by its employees or neighboring communities, a security guard trainer said on Monday.

Komodo breeding program breeds success and problems

Komodo breeding program breeds success and problemsBy Tarko Sudiarno and Nugroho CH YOGYAKARTA (JP): The success story of Yogyakarta's Gembira Loka Zoo in becoming the world's pioneer and the leading site for captive breeding of the Komodo dragon is a result of some good fortune.

Malaysian palm oil futures end higher

Malaysian palm oil futures end higher KUALA LUMPUR (Reuters): Malaysian palm oil futures closed higher on Monday but gains were pared by concerns over high domestic stocks, traders said.Supportive export data and firmer soyoil futures on the Chicago Board of Trade on Friday had boosted prices...

Find me a job or I'll turn pro: La Paene

Find me a job or I'll turn pro: La Paene JAKARTA (JP): National amateur boxer La Paene Masara demanded the Indonesian Amateur Boxing Association (Pertina) find him a job or he would turn professional.The 27-year-old boxer said on Monday that he would not hesitate to leave the Kuala Lumpur Southeast...

House backs plan for power-sharing

House backs plan for power-sharing JAKARTA (JP): The power sharing formula between President Abdurrahman Wahid and Vice President Megawati Soekarnoputri, albeit for its constitutional stumbling block, won support from House of Representatives Speaker Akbar Tandjung on Monday.

Low-cost apartments planned for flood-prone areas

Low-cost apartments planned for flood-prone areas JAKARTA (JP): Governor Sutiyoso said on Monday his administration plans to build low-cost apartments in flood-prone areas across the capital.Speaking during a visit to flood victims in Cawang, East Jakarta, Sutiyoso said he would submit the plan to...

Ways to a lover's heart on Valentine's Day

Ways to a lover's heart on Valentine's Day JAKARTA (JP): As if the romantics among us needed any reminding, Valentine's Day is just a day away. The 14th day of February is the time of the year when thoughts turn to matters of love -- or so all the advertising spiel would have us believe.

It's all up to Gus Dur

It's all up to Gus Dur Those seeking to remove President Abdurrahman Wahid from office apparently will stop at nothing in their campaign. After the House of Representatives issued a memorandum of censure against the head of state, we have seen a host of other measures and proposals bandied about,...

Man suspected of killing wife

Man suspected of killing wife JAKARTA (JP): Cilincing Police in North Jakarta arrested a man for allegedly beating his wife and causing her death on Friday.Police chief First. Insp. Cecep Ibrahim said the suspect, Dedi, 27, beat up his wife, Sri, 25, at their rented home in Kandang subdistrict.

Indian quake relief effort under fire for anti-Muslim sentiment

Indian quake relief effort under fire for anti-Muslim sentiment PADDHAR, India (AFP): The Indian government's stuttering relief effort for the victims of the Gujarat earthquake on Monday came under fire from political rivals and aid workers for discriminating against Muslims.

New coach Verawaty vows to impose more discipline

New coach Verawaty vows to impose more discipline JAKARTA (JP): A slight glimmer of hope for improved international achievement has appeared in women's singles badminton as new coach Verawaty Fadjrin expressed her goal of boosting players' motivation and discipline.

Music for lovers with Bel Canto

Music for lovers with Bel CantoBy Mehru Jaffer JAKARTA (JP): If music is indeed the food of love, then the Bel Canto Valentine Operetta on Valentine's Day promises a sumptuous spread. It is expected to make even the most cynical couple reach out in celebration of this day of love, hopefully...

Committee to draft House code of ethics

Committee to draft House code of ethics JAKARTA (JP): The House of Representatives (DPR) on Monday established a special committee to discuss a draft code of ethics for legislators and the amendment of the House's standing orders.

Selling experience and memories

Selling experience and memoriesBy Tjipto Ramuni JAKARTA (JP): Indonesia watches, every year, the homebound exodus of millions of people during Idul Fitri.On Friday and Saturday evenings, thousands of Jakartans flock to Puncak, a mountain resort about two hours drive from Jakarta, for the weekend.

Indosat to use bond yields to expand business

Indosat to use bond yields to expand business JAKARTA (JP): State-owned telecommunications company PT Indosat will use a larger proportion of proceeds from the issuance of its Rp 1.5 trillion (about US$158 million) bonds to expand its cellular business in Indonesia, a senior executive said on...

Nothing personal behind students' actions against Gus Dur

Nothing personal behind students' actions against Gus Dur Students, the spearhead of the 1998 reform movement that succeeded in forcing Soeharto out of office, seem to be split in today's political storm.

Asian markets await Greenspan's testimony

Asian markets await Greenspan's testimony SINGAPORE (Agencies): Asian assets lacked direction on Monday as investors were fretting over a prognosis of the U.S. economy by Federal Reserve Chairman Alan Greenspan in testimony scheduled on Tuesday.

Special Committee on people's fate

Special Committee on people's fateFrom KompasI consider the House of Representatives as really the people's representatives and therefore the reflection of the people's sovereignty of the Republic of Indonesia.

Susy Katipana, mother of E. Timor's refugees

Susy Katipana, mother of E. Timor's refugees KUPANG, East Nusa Tenggara (JP): Among East Timor refugees, the name "Mama Susy" is well known. Susy Katipana is the director of the Womintra Foundation, or Women in Transition, a non- governmental organization promoting community and health development...

Give more 'time to Gus Dur'

Give more 'time to Gus Dur' JAKARTA (JP): President Abdurrahman "Gus Dur" Wahid should be given more time to improve his performance rather than being asked to step aside or take a leave of absence, his younger brother Salahuddin said on Monday.

Gas pistol training begins for city security officers

Gas pistol training begins for city security officers JAKARTA (JP): The City Administration has started training selected public order and civil defense officers to use gas pistols, an official said on Monday.