Indonesian Political, Business & Finance News

Archive: 15 February 2001

62 articles found

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.

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.

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.

MICE: Just a village affair in Sanur

MICE: Just a village affair in SanurBy 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...

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...

Iranian arts find a forum in Jakarta

Iranian arts find a forum in JakartaBy 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.

GSM operators to start DCS-1800 this year

GSM operators to start DCS-1800 this yearBy 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...

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.

Majalaya textile factories back in business

Majalaya textile factories back in businessBy 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.

Rupiah Rates Feb.14

Rupiah Rates Feb.14 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,097.00 10,097.00 9,549.00 9,645.00Australian dollar 1 4,835.97 5,372.61 5,076.25 5,132.10Austrian schilling 1 608.35 675.74 638.58 645.49Belgian franc 1 207.51 230.50 217.82 220.

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.

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'.

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.

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.

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.

Teasing and sympathy in paintings of Gus Dur

Teasing and sympathy in paintings of Gus DurBy M. Dwi Marianto YOGYAKARTA (JP): Sometimes maybe even President Abdurrahman Wahid wonders if nearly everybody, including the art community, has something against him.

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.

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.

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.

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...

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...

Revoke liquor trading decree!

Revoke liquor trading decree!From Bisnis IndonesiaIt 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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

General elections

General electionsFrom Media IndonesiaIf 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...

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...

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.

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...

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,...

Stock quotations on JSX

Stock quotations on JSXStock 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...

Police must uphold the law

Police must uphold the lawFrom 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...

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).

'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...

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.

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...

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...

Islamic groups and the student movement

Islamic groups and the student movementBy 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.

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.

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.

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.

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.

Hare Krishnas shake up Balinese Hindus

Hare Krishnas shake up Balinese HindusBy 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.

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.

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...

Indonesia's textile industry: Dreaming for a revival

Indonesia's textile industry: Dreaming for a revivalBy 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.

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.

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.

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...

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.

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.

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.