Indonesian Political, Business & Finance News

Archive: 15 February 2001

62 articles found

No more reason to delay visit to Australia: Alwi

No more reason to delay visit to Australia: Alwi JAKARTA (JP): While observing improving relations between Jakarta and Canberra, Minister of Foreign Affairs Alwi Shihab said on Wednesday that there should be no more reasons for President Abdurrahman Wahid to delay his visit to Australia. "Since my last meeting with Australian Foreign Minister Alexander Downer late last year, Canberra has been giving positive statements about us (Indonesia).

Timah wins approval to buy Salim coal mining firms

Timah wins approval to buy Salim coal mining firms JAKARTA (JP): Publicly listed tin mining company PT Tambang Timah won unanimous approval from shareholders on Wednesday to go ahead with plans to purchase three coal mining companies formerly owned by the Salim Group. Timah president Erry Riyana Hardjapamekas said his company would use its own funds to finance the acquisition of the three coal mining companies, which currently operate under holding company PT Indocoal.

Perbakin yet to set medal target for KL SEA Games

Perbakin yet to set medal target for KL SEA Games JAKARTA (JP): With only seven months to go, the Indonesian Target Shooting and Hunting Association (Perbakin) is yet to set a medals target for the Kuala Lumpur Southeast Asian (SEA) Games as it waits first to observe other countries' achievements. "Perbakin can't make a projection yet although the National Sports Council (KONI) had asked us to name our target in the Games.

AFP to sell residential units

AFP to sell residential units SINGAPORE (Dow Jones): Asia Food & Properties Ltd. (P.AFP), or AFP, has put on the open market its 23 unsold Costa Rhu condominium apartment units, the Straits Times reported Wednesday. The troubled company controlled by Indonesia's Widjaja family denied speculation this was a fire sale, the report said.

Govt to privatize 16 state-owned companies this year

Govt to privatize 16 state-owned companies this year JAKARTA (JP): The government plans to privatize or divest ownership in some 16 state-owned enterprises (SOEs) this year in a bid to raise about Rp 6.5 trillion (US$684 million) to finance the state budget deficit, an official said on Wednesday. The director general of state-owned enterprises, I Nyoman Tjager, said the privatization program would be conducted through initial public offerings (IPO) or private placements with strategic investors.

Security battalions to be scaled down

Security battalions to be scaled down AMBON, Maluku: Pattimura Military Commander Brig. Gen. I Made Yasa said on Wednesday that due to improved conditions in Maluku and North Maluku provinces, the military and police battalions in both areas will be scaled down from 17 to only 11. "We're planning to put four battalions in Ambon islands and its surrounding areas, three battalions in North Maluku, one battalion each in Seram and Buru islands, plus two reserve battalions," Yasa said.

KAI moves to better services

KAI moves to better services JAKARTA (JP): State railway company PT Kereta Api Indonesia (KAI) began a survey of passengers in Greater Jakarta on Wednesday in a bid to improve services. Assisted by senior high school students, company employees distributed yellow forms to embarking passengers at all stops between Kota and Bogor stations. The passengers were asked to answer questions regarding the company's services and hand in the forms at their destined stations.

Kancil car ready for sale

Kancil car ready for sale BANDUNG, West Java (JP): Automobile manufacturer PT Kurnia Abadi Niaga Citra Indah Lestari (KANCIL) said it would commercially launch its Kancil car in July this year. KANCIL vice president Achdiat A. Suhadi said on Wednesday the company would market 250 units in the first year, at prices between Rp 35 million (US$3,684) and Rp 37 million.

RI, Malaysia to form palm oil alliance

RI, Malaysia to form palm oil alliance JAKARTA (Reuters): Malaysia and Indonesia, the world's biggest producers of palm oil, plan an alliance to boost the sagging international price of the commodity, an Indonesian trade and industry ministry official said on Wednesday. But some traders questioned if an alliance would really help. Pos M.

Revoke liquor trading decree!

Revoke liquor trading decree! From Bisnis Indonesia It is widely reported in the mass media that the government has issued a policy on the trading arrangements for liquor. In my opinion, this policy will lead to monopolistic practices. Such practices are usually fraught with corruption, collusion and nepotism.

Former minister testifies in Bank Bali trial

Former minister testifies in Bank Bali trial JAKARTA (JP): Former Minister of Finance Bambang Subianto, who was also chairman of the Indonesian Bank Restructuring Agency (IBRA), testified on Wednesday that Rudy Ramli, when he was president of Bank Bali, had complained about the difficulties to obtain IBRA funding to cover a loan BDNI Bank owed Bank Bali. But Bambang said he was not aware about the disbursement of the agency's funds to the bank.

S'pore, Riau promote ties

S'pore, Riau promote ties SINGAPORE (AFP): Singapore has agreed to promote cooperation in agri-business projects in Indonesia's Riau province, officials from both countries said Wednesday. Singapore Trade Minister George Yeo and Riau provincial Governor Saleh Djasit said in a statement they discussed ways to promote cooperation in the sector during a visit by Yeo to Riau on Tuesday and Wednesday.

One more trekker found dead

One more trekker found dead PURWOKERTO, Central Java: One more missing trekker from Gadjah Mada University's Nature Lovers club was found dead on Wednesday, raising the number of fatalities to three. Purbalingga Police chief. Comr. Sukamto Handoko confirmed the finding of the body of Dodo, saying that the body had yet to be evacuated from the mountain. The other dead trekkers were Masruhi and Fauzan, whose bodies were found on Monday and Tuesday respectively.

La Paene still training for SEA Games: Pertina

La Paene still training for SEA Games: Pertina JAKARTA (JP): Boxer La Paene Masara is still part of the Indonesian Amateur Boxing Association (Pertina) training camp for the Kuala Lumpur Southeast Asian (SEA) Games, despite the fact that he has left the camp for personal reasons. "Pertina is keeping La Paene on board because we need his presence at the Games. We consider him a boxer with the potential to win a medal at the Games," Pertina's boxing project manager, I.G.

Analyst sees nice deals in RI stocks

Analyst sees nice deals in RI stocks HONG KONG (Reuters): Regional investors are overplaying political risk and passing up bargains in Southeast Asian equities, including Indonesia, says Aaron Pong, a director of fund managers RBC Investment Management (Asia) Ltd.

Teasing and sympathy in paintings of Gus Dur

Teasing and sympathy in paintings of Gus Dur By M. Dwi Marianto YOGYAKARTA (JP): Sometimes maybe even President Abdurrahman Wahid wonders if nearly everybody, including the art community, has something against him. Amid the hullabaloo over Bruneigate and Buloggate at the House of Representatives in late January, there was also the opening of a painting exhibition in Yogyakarta showing him in a less than respectful light.

UI rector disobeys court's orders

UI rector disobeys court's orders JAKARTA (JP): A lawyer of six students from the University of Indonesia (UI) said on Wednesday that the university rector had disobeyed the court's order to delay imposing administrative sanctions against the students.

Government to continue dialog with Aceh rebels

Government to continue dialog with Aceh rebels JAKARTA (JP): The Indonesian government is set to continue dialog with the Free Aceh Movement (GAM) separatist rebels in Switzerland amid continuing violence in Aceh on Wednesday which killed five people and injured scores of others. The talks took place following the signing of a new pact last Saturday, an agreement which is expected to help reduce violence between both parties in Aceh.

Class action for demonstrators

Class action for demonstrators BANDUNG (JP): A Bandung-based environmental law expert Daud Silalahi said here on Wednesday that demonstrators who caused damage to the environment deserved prosecution through a class action. Enraged by the recent felling of trees by President Abdurrahman Wahid loyalists in several towns in East Java two weeks ago, Daud said that all levels of society should respond to the impact of the destructive actions.

S&P revises BCA's rating to triple-Cpi

S&P revises BCA's rating to triple-Cpi HONG KONG (JP): Standard & Poor's revised on Wednesday its counterparty credit rating, based on public information, on Bank Central Asia (BCA) to triple-'Cpi' from 'R'. The removal of the `R' rating reflects the re-emergence of the bank from regulatory supervision following the recapitalization and subsequent sell-down by the Indonesian government, the rating agency said.

Asian consumer sentiments mixed amid recession fears

Asian consumer sentiments mixed amid recession fears SINGAPORE (AFP): Singaporeans and Chinese are the most upbeat Asian consumers while Japanese, Taiwanese and South Koreans are the gloomiest in the region amid fears of a new recession, a survey showed Wednesday. Credit card giant Mastercard International said it found big differences in consumer confidence from country to country in its MasterIndex poll in 13 Asia-Pacific markets last December.

Rupiah Rates Feb.14

Rupiah Rates Feb.14 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Majalaya textile factories back in business

Majalaya textile factories back in business By Yuli Tri Suwarni MAJALAYA, West Java (JP): The textile home industry was once flourishing in this town. Then came a nightmare in the form of the economic crisis. It was a disaster. In order to meet their families' daily needs, many in the business sold their machines at very low prices. Today, however, the textile home industry in Majalaya, one of the major textile producing centers in the country, is back in business.

Higher fuel prices set for export firms

Higher fuel prices set for export firms JAKARTA (JP): The government will require export oriented companies, large industrial users, shipping and fishing companies to pay fuel at international prices, which are more than three times as high as domestic prices at present.

GSM operators to start DCS-1800 this year

GSM operators to start DCS-1800 this year By Tantri Yuliandini JAKARTA (JP): PT Telkom, PT Indosat and the country's three GSM cellular operators plan to start their DCS-1800 networks this year. PT Telkom and PT Indosat, the first companies to receive licenses to operate under DCS-1800 networks, will launch their services in August.

Iranian arts find a forum in Jakarta

Iranian arts find a forum in Jakarta By Mehru Jaffer JAKARTA (JP): Before Iranian master calligrapher Fariba Maqsoodi came here she imagined the country to be very similar to her homeland. "In my mind the world's largest Muslim country was not very different to Iran. But when I arrived in Jakarta a few days ago I realized that everything about the people, climate and landscape of this island country is unique.

Bali to host the second Fashion Week in May

Bali to host the second Fashion Week in May DENPASAR, Bali (JP): Bali will host the second Fashion Week in Sanur next May to attract fashion designers and buyers to the island. Mardiana Ika, the organizer of the event, said during a meeting with Bali Vice Governor I Gusti Bagus Alit Putra that the event was a follow-up to the first Bali Fashion Week last year.

MICE: Just a village affair in Sanur

MICE: Just a village affair in Sanur By Grace Emilia SANUR, Bali (JP): The whole street is blocked. Along both sides, Balinese children waving red and white paper flags are cheering out loudly. A group of gamelan performers, men wearing brilliant uniforms, lead a procession into a hotel's garden through a gateway lit by torches. More than 100 international guests soon follow after alighting from their buses.

Future is in your hands: Gus Dur tells military cadets

Future is in your hands: Gus Dur tells military cadets MAGELANG, Central Java (JP): President Abdurrahman Wahid said here on Wednesday that the country's future lies with the younger generation and called on the nation not to rely heavily on people of his age. "The future will be in your hands because people like me, I am already 60, and actually it is time for me to rest," Abdurrahman told cadets at the National Military Academy.

Angry businessmen attack Council over project tender

Angry businessmen attack Council over project tender JAKARTA (JP): Dozens of the city administration's business associates ran amok at the City Council on the day most people were celebrating Valentine's Day. The angry businessmen stormed the ground floor of the council at around 1 p.m. on Wednesday, shattering whatever they could find using iron bars, bamboo poles, stones and bricks.

Council OKs water price increase

Council OKs water price increase JAKARTA (JP): All 10 factions at the City Council have given in-principle approval for an increase in tap water rates proposed by the commission C for economic affairs, a councillor said on Wednesday. Secretary of the commission C, Azis Boeang, told reporters the initial endorsement was given in a meeting between leaders of the factions on Monday.

Call to close slaughterhouse

Call to close slaughterhouse TANGERANG (JP): The Tangerang Government Watch (TGW) non- governmental organization demanded on Wednesday the mayoralty administration close down a private slaughterhouse in Panunggangan Barat subdistrict due to its illegal operation. TGW chairman Toni Wismantoro said the slaughterhouse, belonging to PT Sumber Prima Abadi (SPA), was built without a permit and had contributed nothing to the mayoralty revenue since it began operating in mid-November last year.

Pertamina upbeat about sale of LNG to Taiwan

Pertamina upbeat about sale of LNG to Taiwan JAKARTA (JP): State oil and gas company Pertamina expressed optimism it would win the tender to supply liquefied natural gas (LNG) to Taiwan, with Qatar its only competitor at this point. The director of production sharing at Pertamina, Iin Arifin Takhyan, said Pertamina and Qatar were the only two bidders to supply three million tons of LNG to Taiwan annually.

Will another power-sharing deal work?

Will another power-sharing deal work? We now face a carrot and stick approach, writes James Van Zorge, a senior partner in Van Zorge Heffernan & Associates, a Jakarta-based consultancy that specializes in political risk and government relations advisory services. JAKARTA (JP): When Abdurrahman Wahid came to the presidential office in October 1999, there was reason for optimism.

City receives ISO certificate

City receives ISO certificate JAKARTA (JP): Two of the city's 43 district offices received on Wednesday ISO 9002 certificate for their quality services. The certificates were handed over by German-based TUV International Indonesia to Governor Sutiyoso in a ceremony held at the Duren Sawit district office, East Jakarta. "The certification proves that quality management of our public service has met international standards. I hope the achievement will motivate other districts," said Sutiyoso.

Govt sets up team to deal with natural disasters

Govt sets up team to deal with natural disasters JAKARTA (JP): The Office of the State Minister of Research and Technology has set up a team to deal with natural disasters in a bid to cope with the numerous catastrophes that have hit the country recently.

Malaysia bans imports of beef from Thailand and Brazil

Malaysia bans imports of beef from Thailand and Brazil KUALA LUMPUR (Agencies): Malaysia has banned the import of beef and beef products from Thailand and Brazil to guard against mad cow disease, Health Minister Chua Jui Meng said on Wednesday. The ban on Brazilian beef and beef products from Feb. 6 followed a similar move by the United States, Canada and Mexico, Chua said. The ban on Thai imports from Feb.

Indonesia's textile industry: Dreaming for a revival

Indonesia's textile industry: Dreaming for a revival By K. Basrie The world knows only too well that Indonesia's textile industry, which once stunned everyone in the industry with its burgeoning international demand, has been experiencing lean times recently. Indonesian exporters have largely attributed the industry's plummeting international demand to the quota system, declining orders from the U.S.

President says govt studying future status of police force

President says govt studying future status of police force JAKARTA (JP): In the wake of regional autonomy which came into effect on Jan. 1 this year, the National Police will be offered the opportunity to continue as either a centralized or decentralized institution, President Abdurrahman Wahid said on Wednesday.

Woman gets top post at home ministry

Woman gets top post at home ministry JAKARTA (JP): Siti Nurbaya became the first woman to hold a senior echelon position within the Ministry of Home Affairs and Regional Autonomy when she was appointed on Wednesday as the ministry's secretary general. The former director officially assumed her post, replacing Amur Muchasim, following an inauguration headed by Minister of Home Affairs and Regional Autonomy Surjadi Sudirdja.

Hare Krishnas shake up Balinese Hindus

Hare Krishnas shake up Balinese Hindus By Putu Wirata DENPASAR, BALI (JP): Balinese traditionalist Hindus with a conservative way of thinking have been worried incessantly that their art and culture will lose out to various non-Balinese cultural elements entering the island. One of the sources of this great worry is none other than Hare Krishnas, also a community of Hindus but one that worships Krishna.

Wal-Mart to enter Philippines

Wal-Mart to enter Philippines MANILA (Dow Jones): Philippine Trade Secretary Manuel Roxas said Wednesday Wal-Mart Stores Inc. (WMT) has finally decided to invest in the country, the U.S. retailer's first investment in Asia. "They're still negotiating with a potential local partner, but they are prepared to come in on their own," said Roxas, who accompanied Wal-Mart officials in their meeting with President Gloria Macapagal-Arroyo Monday.

Asia oil companies must ally 'against oil giants'

Asia oil companies must ally 'against oil giants' SINGAPORE (Reuters): Asian states should foster energy alliances with neighbours in the wake of global industry consolidation that has created a handful of international oil giants, an ASEAN energy conference was told on Wednesday. Solutions among Asian oil companies may not always give the best bottom line, but tangible and political benefits will be more profitable in the longer run, said Baihaki Hakim, President of Indonesia's Pertamina.

NU delays mass prayer due to haj pilgrimage

NU delays mass prayer due to haj pilgrimage JAKARTA (JP): The planned istighotsah (mass prayer) of the Nahdlatul Ulama (NU) Muslim organization next Sunday has been delayed until after the completion of this year's haj pilgrimage, NU chairman Hasyim Muzadi said here on Wednesday. He said the delay was because most of NU ulemas will join the pilgrimage to Mecca, which will reach its peak on March 5, 2001 when all pilgrims gather to mark the completion of the annual Muslim ritual.

Illegal immigrants from Indonesia

Illegal immigrants from Indonesia More and more illegal immigrants from Indonesia have been encroaching on our shores, clearly a challenge to our sovereignty. The situation could escalate if the political climate in Indonesia worsens. As we know, tens of thousands of people have taken to the streets to demonstrate, and surround the Presidential Palace in Jakarta. Thus it is best we here heighten border security to stem the flow of illegal immigrants from that country.

Sigit questioned in Balongan scandal

Sigit questioned in Balongan scandal JAKARTA (JP): A son of former president Soeharto, Sigit Hardjojudanto, was questioned at the Attorney General's Office on Wednesday for his alleged involvement in the marking up of the Balongan oil refinery project in Indramayu, Cirebon, West Java, in 1989 and 1990. Sigit, accompanied by lawyer Juan Felix Tampubolon, was examined for over four hours from 9 a.m. by prosecutor Umbu Lage Losara.

House wants end to FSPC's role in economic restructuring

House wants end to FSPC's role in economic restructuring JAKARTA (JP): Legislators called on the government to terminate the role of the powerful Financial Sector Policy Committee (FSPC) in the country's major bank and corporate restructuring programs of the Indonesian Bank Restructuring Agency (IBRA). The legislators said on Wednesday that the FSPC had not been effective and had instead obstructed the work of IBRA.

Muhammadiyah high school students join protests

Muhammadiyah high school students join protests JAKARTA (JP): Despite calls for high school students not to join the political rallies taking place across the country, some 5,000 students from the Muhammadiyah organization staged a demonstration on Wednesday to protest the ransacking of Muhammadiyah facilities in East Java. Wearing their school uniforms, the students marched from the Muhammadiyah head office on Jl. Kramat Raya in Central Jakarta to Merdeka Selatan Palace.

House to reexamine findings in tragedies

House to reexamine findings in tragedies JAKARTA (JP): The House of Representatives will set up three working committees to follow up all data and findings in the student shootings at Trisakti University and in the Semanggi cloverleaf, says a legislator.

'Bob' Hasan transferred from Salemba to Cipinang

'Bob' Hasan transferred from Salemba to Cipinang JAKARTA (JP): Mohamad "Bob" Hasan, a convicted timber tycoon and golf buddy of former president Soeharto, was transferred to the Cipinang penitentiary in Central Jakarta less than 12 hours after he was sent to the Salemba detention center, also in the same district. Reports said that Hasan, who was sent to Salemba detention center on Tuesday at 11 a.m., was moved to Cipinang correctional institution later in the night, at around 10 p.m.

Governor may be questioned over PJA scam

Governor may be questioned over PJA scam JAKARTA (JP): The City Prosecutors' Office announced on Wednesday its plan to summon City Secretary Fauzi Bowo for a second questioning in connection with controversial overseas trips sponsored by PT Pembangunan Jaya Ancol (PJA). The head of the city prosecutors team handling the case, Tengku Dasril, also indicated on Wednesday the possibility of questioning Governor Sutiyoso concerning his knowledge of the case.

Police must uphold the law

Police must uphold the law From Media Indonesia Because of mass vandalism, since the reform era up to now, incalculable assets have been destroyed, set on fire and many lives have been taken. It seems the values of civilization have dramatically decreased in line with the discoloring of humanitarian feelings in this country which boasts Pancasila as its state philosophy.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb.14, 2001: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,800 -50 128,000 Adindo Foresta Indonesia 130 5 420,000 Alakasa Industrindo 190 0 0 Alfa Retailindo 975 0 135,500 Alter Abadi 115 0 0 Alumindo Light Metal 700 -150 15,000 Andhi Chandra 1,500 -25 134,500 Aneka Kimia Raya 190 0 0 Aneka Tambang (Persero) 925 0 611,500 Anwar Sierad 300 0 0 APAC...

A tree for a child program launched

A tree for a child program launched BOGOR (JP): The start of a nationwide regreening campaign involving hotels was marked with a tree planting ceremony at Bogor Botanical Gardens here on Wednesday. A government representative and member of the expert staff of the state minister of the environment, Sudarsono, said the campaign was aimed at increasing awareness of environmental conservation among the business community and providing funds for the education of destitute children.

Old-fashioned 'dokar' being used to drive tourism

Old-fashioned 'dokar' being used to drive tourism DENPASAR, Bali (JP): In this golden age of motorized vehicles, an animal-drawn vehicle seems to be a thing of the past, and with no future at all. Well, guess again! The Denpasar city administration has found that a "primitive" vehicle, a horse-drawn carriage called a dokar, is perhaps the most attractive mode of transportation the city can offer visitors.

Pertamina urges dialog with Malaysia, Brunei on LNG sales

Pertamina urges dialog with Malaysia, Brunei on LNG sales SINGAPORE (Reuters): Indonesia's state-run oil firm Pertamina urged on Wednesday for close dialogue with Brunei and Malaysia over sales of liquefied natural gas (LNG) in Asia and outside of the region. Pertamina President Baihaki Hakim said the three countries, which are in the world's top six LNG exporters, may have to rethink how projects are developed to maintain a dominant role in the Asian LNG market.

Mad cows and fruit flies

Mad cows and fruit flies Recent events in Indonesia make my head spin! The People's Consultative Assembly (MPR) and House of Representatives (DPR) -- I'm still confused as to which one does what -- seem to be hell bent on creating havoc one way or another and no one really seems to know exactly what their agenda is as a body or as individuals.

General elections

General elections From Media Indonesia If President Abdurrahman Wahid is considered a failure, the People's Consultative Assembly (MPR) which elected him has also made a mistake. If the President withdraws before termination of his term of office, the MPR should be dissolved and a new general election held to open a new page of democratic development.

5 House factions support Golkar

5 House factions support Golkar JAKARTA (JP): Five major factions at the House of Representatives cast their political weight on Wednesday and came to the defense of the embattled Golkar Party, censuring public calls for the dissolution of the party's existence.

Asian currencies gain on fears of Thai forex ruling

Asian currencies gain on fears of Thai forex ruling SINGAPORE (Dow Jones): The Japanese yen's vigor and Thailand's move to tighten disclosure requirements in foreign exchange dealings bolstered several Asian currencies late Wednesday, dealers said. The Indonesian rupiah closed flat Wednesday as offshore players remained out of the market on political concerns.

Where to go in Bali:

Where to go in Bali: Exhibition * Painting Song of Peace, by 7 painters from Malang, Surabaya, Kalimantan, Pranoto's Art Gallery, Main road, Kutuh, Ubud (Phone: 0361 970827), until Feb. 24. Museums and Galleries * Blue Moon Gallery, Jl. Tirta Tawar, Banjar Kutuh Kaja, Ubud (Phone: 0361 976727), daily, 11 a.m. to 5 p.m. * Museum Puri Lukisan, Jl. Raya Ubud, Gianyar (Phone: 0361 975136), daily, 8 a.m. to 4 p.m. * Museum of Bali, Jl.

Islamic groups and the student movement

Islamic groups and the student movement By Muhammad Qodari JAKARTA (JP): There is a small, but interesting detail about the student movement since it first toppled Soeharto from the presidency in 1998. The students against both Soeharto and his predecessor B.J. Habibie used to use the Atamajaya Catholic University as their base.