Indonesian Political, Business & Finance News

Archive: 16 February 2001

60 articles found

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Photo: Indonesian Press Photo Service (Ipphos) photos (1945 - 1950), I See Gallery, The Polish Cultural Center, Jl. Diponegoro, Central Jakarta, until Feb. 28. * Painting Bramasto's Collections 1939-1996, Gallery Twilite Cafe, Jl. Kemang Raya No.

Asian pulp supply 'remains plentiful despite troubles'

Asian pulp supply 'remains plentiful despite troubles' SINGAPORE (Dow Jones): Asian pulp supply will remain abundant despite Asia Pulp & Paper Co.'s (APP) financial troubles, analysts said.Some believe APP's mountain of debts may pull the brakes on APP's milling operations and lead to a drastic...

NDF market poses a threat to rupiah

NDF market poses a threat to rupiah SINGAPORE (Dow Jones): In defiance of Bank Indonesia's recent moves to curb speculative trading in the rupiah, a handful of major foreign banks in Singapore have agreed to start trading rupiah non-deliverable forwards from Monday, dealers said on Thursday.

La Paene keeps his word by turning into pro boxer

La Paene keeps his word by turning into pro boxer JAKARTA (JP): National flyweight boxer La Paene Masara was not bluffing when he insisted that the Indonesian Amateur Boxing Association (Pertina) find him a job or he would turn professional.

Meeting called to decide Arifin's fate

Meeting called to decide Arifin's fate JAKARTA (JP): Indonesian Democratic Party of Struggle (PDI Perjuangan) faction chief Arifin Panigoro saw his fate hang by a thread on Thursday as a party meeting was called in response to a series of his controversial moves.

TNT gets ISO 9002 certificate

TNT gets ISO 9002 certificate JAKARTA (JP): PT TNT Logistics Indonesia, a subsidiary of Amsterdam-based TNT Post Group N.V. has been awarded ISO 9002 certification for its logistics warehouse operation at milk powder manufacturer PT Sari Husada in Klaten, Central Java.

Strengthening Australia-RI ties

Strengthening Australia-RI ties The following is the first part of a shortened address by the new Australian envoy Richard Smith to a luncheon held by the Indonesia Australia Business Council (IABC) in Jakarta, Feb. 6. JAKARTA: Let me offer a few impressions based on my first three weeks here.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on Feb.15, 2001: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,875 75 397,500 Adindo Foresta Indonesia 125 -5 235,000 Alakasa Industrindo 190 0 0 Alfa...

ASEAN energy needs $180b investment

ASEAN energy needs $180b investment SINGAPORE (Agencies): Southeast Asia needs nearly US$180 billion in investments over the next 10 years to fully develop its energy sector, a conference was told Thursday.

National education committees formed

National education committees formed JAKARTA (JP): The Ministry of National Education has set up two committees to review and revise a number of regulations and laws concerning the educational arena."The Committee for Education Reform will work on the nuts and bolts issues while the Committee for...

Style still counts in Muslim fashion

Style still counts in Muslim fashionBy Tri Hafiningsih JAKARTA (JP): The doors to fashion and style do not have to close when women make the choice to wear the jilbab, the Muslim head scarf.It's a common sight now to see women in public places wearing the scarf, with their bodies fully covered...

JFX ready to face new competitors

JFX ready to face new competitors JAKARTA (JP): The Jakarta Future Exchange (JFX) said the opening of Indonesia's second futures commodities exchange next month would not undermine its operation.JFX director J.W.

Japan protests to U.S. over helmsmen of crashed sub

Japan protests to U.S. over helmsmen of crashed sub TOKYO (AFP): Japan made a formal protest on Thursday to the United States following Washington's admission that civilian guests were at the controls of the U.S. submarine which rammed and sank a Japanese fishing vessel.

Police may question Akbar over land scam

Police may question Akbar over land scam JAKARTA (JP): Pressure over a housing scam allegedly involving Golkar Party chairman Akbar Tandjung is growing with National Police spokesman Brig. Gen. Saleh Saaf on Thursday suggesting that Akbar could be questioned pending the emergence of further...

Presidential priorities

Presidential priorities North Sumatra, Bengkulu, East Java, Central Java, Aceh, Jambi, Banten - these are only some of Indonesia's disaster-struck provinces. Australia, Mecca, Singapore and Cairo again, Nigeria, Brazil, Yemen, - these are a few of the recent or planned travel destinations of the...

Detainee found dead in Bogor

Detainee found dead in Bogor BOGOR (JP): A defendant in a rape case was found dead in his isolation cell at the Paledang penitentiary.The warden, Agus Toyip, said that the victim, identified as Edi Suhendi, 59, was found dead by a guard who was on patrol at around 1:50 a.m.

Crop data spur selling in Malaysia palm oil

Crop data spur selling in Malaysia palm oil KUALA LUMPUR (Reuters): Export figures dragged down Malaysian palm oil futures on Thursday, with traders seeing little prospect of stronger sentiment due to high stocks.

Dossiers of alleged shooters submitted

Dossiers of alleged shooters submitted AMBON, Maluku: Pattimura Military Commander Brig. Gen. I Made Yasa said on Thursday that the dossiers of the Wijaya II rogue shooters have been handed over to Indonesian Military (TNI) headquarters.He pledged to "bow to any decision made following the probe".

NGOs to call for aid boycott if forest law not enforced

NGOs to call for aid boycott if forest law not enforced JAKARTA (JP): Four local non-governmental organizations have threatened to call for a boycott by Indonesia's aid donors unless the government puts an immediate stop to illegal logging and the destruction of the country's forests.

Gov't says SIRA chief trial in Sabang

Gov't says SIRA chief trial in Sabang BANDA ACEH, Aceh: The trial of Central Information for Aceh Referendum (SIRA) chief Muhammad Nazar remains up in the air after the government brushed off a Supreme Court ruling on Thursday that the trial venue be moved from Sabang, Aceh to Medan, North Sumatra.

HPMI members deny charges by Honda

HPMI members deny charges by Honda JAKARTA (JP): Chinese motorcycle distributors and importers denied on Thursday allegations that their products have been infringing the patent rights of Honda.According to the newly established Indonesian Motorcycle Industry Association (HPMI), which groups mostly...

President's defense team named: Susilo

President's defense team named: Susilo JAKARTA (JP): Coordinating Minister for Political, Social and Security Affairs Susilo Bambang Yudhoyono revealed on Thursday that a special team to formulate the President's response to the House of Representatives' memorandum has been established.

Elize's dossier sent to prosecutor

Elize's dossier sent to prosecutor JAKARTA (JP): City police submitted on Thursday the dossiers on bomb suspects Elize Maria Tuwahatu and her mother Sonya to the Jakarta Prosecutor's Office.City police spokesman Sr. Comr.

Telkom, Indosat end their cross-ownerships worth $1.5b

Telkom, Indosat end their cross-ownerships worth $1.5b JAKARTA (JP): In a US$1.5 billion landmark deal, state telecommunication firms PT Telkom Indonesia and PT Indonesia Satellite Corporation (Indosat) agreed to end their cross- ownerships in three of their subsidiaries to simplify restructuring...

TNI to announce reshuffle in three days: Endriartono

TNI to announce reshuffle in three days: Endriartono JAKARTA (JP): The Indonesian Military (TNI) headquarters is expected to announce a reshuffle within the next three days, Army Chief of Staff Gen. Endriartono Sutarto said on Thursday.

Rupiah Rates Feb.15

Rupiah Rates Feb.15 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,105.00 10,105.00 9,557.00 9,653.00Australian dollar 1 4,797.42 5,329.38 5,035.58 5,090.99Austrian schilling 1 607.43 674.66 637.58 644.48Belgian franc 1 207.20 230.13 217.49 219.

Multicultural program for children launched

Multicultural program for children launched JAKARTA (JP): Bartol and Sam, both 12 years old, are children of Kanum ethnic group living around Rawa Biru (Blue Swamp) in Merauke, Irian Jaya.One day, while fishing at the swamp, they accidentally crossed an area known as Sasi.

Abu Syaff enlarges despite offensive

Abu Syaff enlarges despite offensive MANILA (AP): A Muslim extremist group, which kidnapped scores of foreigners in the southern Philippines last year, slightly grew in numbers despite a massive military offensive, Defense Secretary Eduardo Ermita said on Thursday.

Megawati to open new fishing port

Megawati to open new fishing port JAKARTA (JP): The city is set to have its first ocean fishing port of Samudera Jakarta in Muara Baru, North Jakarta, slated to be officiated by Vice President Megawati Soekarnoputri on Friday.

Champion Kartika SC dominates championships

Champion Kartika SC dominates championships JAKARTA (JP): Defending champion Kartika Shooting Club dominated the second day of the Inter-Club National Championships at the Bung Karno Shooting Range in Senayan, Central Jakarta, on Thursday, taking six gold medals.

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...

Tugu Muda to host national c'ships

Tugu Muda to host national c'ships SEMARANG (JP): The Semarang-based Tugu Muda table tennis club will host the national championships in the middle of April.The club's secretary-general, Jayanto Arus Adi, said on Thursday the event was being staged to boost competitiveness among local clubs, which...

Bank Mandiri plans to raise US$600m via IPO

Bank Mandiri plans to raise US$600m via IPO JAKARTA (JP): Giant state Bank Mandiri plans to raise about US$600 million from its initial public offering (IPO) in October, according to the bank's president E.C.W. Neloe.

Semen Padang beats PSPS

Semen Padang beats PSPS JAKARTA (JP): Semen Padang managed to end its victory drought by defeating PSPS Pekanbaru 3-1 at Agus Salim Stadium in Padang on Thursday.Host Semen Padang scored three goals by strikers Syafril M in the 15th minute, Husaini in the 40th minute and Purwanto in 78th minute.

Taiwan, Jakarta markets shine

Taiwan, Jakarta markets shine SINGAPORE (Reuters): Most Asian markets were lackadaisical on Thursday, but a spurt in the U.S. Nasdaq index enthused technology stocks, driving Taiwan shares to end up nearly 3.5 percent.In Tokyo, the dollar stood at 116.

Govt warned not to lose control over oil and gas sector

Govt warned not to lose control over oil and gas sector JAKARTA (JP): All the major factions at the House of Representatives expressed their support for the recently submitted oil and gas bill, but they warned that the government mustn't loose control over the strategic oil and gas sector despite...

PPP firm on its stance on special session

PPP firm on its stance on special session BANDUNG (JP): United Development Party (PPP) chairman Hamzah Haz on Thursday remained unrelenting in his argument for a special session of the People's Consultative Assembly, saying that it would help reduce tension and conflict."The sooner the better.

Stranded tourists saved by mobile text message

Stranded tourists saved by mobile text message JAKARTA (JP): Twelve foreign tourists and six cabin crew stranded on a yacht named the Ombak Indah which was forced off course in Lombok waters, West Nusa Tenggara, were rescued on Thursday after one of the tourists sent a mobile telephone text message...

SE Asian gas pipeline plan to be studied

SE Asian gas pipeline plan to be studied SINGAPORE (AP): A plan to create a massive gas pipeline network across Southeast Asia is ready to be studied by officials in the region, a report said Thursday.The plan, drafted by a task force from the Association of Southeast Asian Nations, or ASEAN, will...

Asian currencies mostly higher, rupiah steady

Asian currencies mostly higher, rupiah steady SINGAPORE (Dow Jones): The Japanese yen's vigor buoyed most Asian currencies late Thursday, dealers said.The yen provided some relief for the won, the New Taiwan dollar, and to a lesser extent, the Singapore dollar, although the impact was relatively...

Antigraft commission

Antigraft commissionFrom RepublikaWe would hereby like to publicly announced that recently some irresponsible people claiming to be members of the Antigraft Commission in Jakarta or other regions in Indonesia have written decisions and others kinds of letters.

The 'jilbab' a personal choice for Muslim women

The 'jilbab' a personal choice for Muslim women JAKARTA (JP): It's not a case of everybody's doing it, and some Muslim women who make the intensely personal decision to wear the jilbab (head scarf) must deal with negative reactions from those around them, including members of their family.

Hanson's views a threat to Aussie-RI ties

Hanson's views a threat to Aussie-RI ties JAKARTA (JP): Visiting Australian trade minister Mark Vaile on Thursday maintained that Canberra does not endorse the statements of Australian far-right politician Pauline Hanson, warning that her remarks could damage bilateral relations.

Comic trio brings fun to Jakarta

Comic trio brings fun to Jakarta JAKARTA (JP): The Chipolatas, a dynamic trio with a pledge to bring music, juggling and acrobatic madness to everyone, are coming to Jakarta and Surabaya.The trio of Sam Thomas, Jasper King and Tristan Glover specialize in the thrill of circus stunts, which are...

Surakarta hosts supercross event

Surakarta hosts supercross event SURAKARTA, Central Java (JP): Surakarta will host the first leg of the national and international Gudang Garam Supercross Indonesia 2001 on Feb. 17 and Feb. 18."Supercross is a completely different event compared to motocross or grass track.

Rizal says IMF is too pushy

Rizal says IMF is too pushy JAKARTA (Agencies): Indonesia on Thursday complained that the leader of its bailout program, the IMF, was pressing it too hard, saying it was difficult to implement every reform while the country was going through its unruly transition to democracy.

BMW predicts continued growth in Asia

BMW predicts continued growth in Asia SINGAPORE (Reuters): Germany's BMW AG said on Thursday it expected double-digit growth in car sales in Asia to continue this year.The luxury carmaker said sales of its cars in Asia rose 16 percent to 58,250 vehicles in 2000.

IFC, SCB agree to aid RI importers

IFC, SCB agree to aid RI importers JAKARTA (JP): The International Finance Corporation (IFC) and Standard Chartered Bank (SCB) signed an agreement on Thursday to provide some US$125 million in trade financing for Indonesian importers.

Mahfud apologizes but stands by claims

Mahfud apologizes but stands by claims JAKARTA (JP): Minister of Defense Mahfud MD apologized on Thursday for alleging that the Golkar Party misused funds during the 1999 general election, but not because his remarks were inaccurate, rather for the "hurt" they caused the party.

PT Ancol official dismissed over financial scandal

PT Ancol official dismissed over financial scandal JAKARTA (JP): President director of PT Pembangunan Jaya Ancol (PJA) Rushadi has paid a dear price for allowing the company to sponsor overseas trips for a group of city councillors and officials.

Government submits to House bill on National Police

Government submits to House bill on National Police JAKARTA (JP): The government submitted to the House of Representatives (DPR) on Thursday the National Police review bill regulating the Police's independence and primary duties in maintaining nationwide security.

Regional autonomy revisited

Regional autonomy revisited Barely six weeks since the regional autonomy law came into force, doomsayers in Jakarta are already giving the thumbs down to the power-sharing arrangement between the central and regional administrations.

Music in taekwondo meet to attracts fans

Music in taekwondo meet to attracts fans JAKARTA (JP): The Indonesian Taekwondo Association (TI) blended sports event with musical performance and games at the second LG Cup Taekwondo National Championships in an effort to popularize the sport more.

To disband Golkar or not?

To disband Golkar or not?From Rakyat MerdekaAmid intensified rallies staged by supporters of President Abdurrahman "Gus Dur" Wahid on one hand and anti Gus Dur demonstrations on the other, out of the blue groups of university students and people took to the streets demanding the disbanding of the...

Court begins hearing case against Suwondo

Court begins hearing case against Suwondo JAKARTA (JP): The North Jakarta District Court commenced on Thursday the trial of President "Gus Dur" Abdurrahman Wahid's masseur, Muhammad Alip Agung Suwondo, for his alleged role in the Rp 35 billion (US$3.6 billion) State Logistic Agency (Bulog) scandal.

Malaysia expected to avoid neighbors' turmoil

Malaysia expected to avoid neighbors' turmoilBy Simon Cameron-Moore KUALA LUMPUR (Reuters): When the time comes for Malaysian strong man Mahathir Mohamad to stand down, his country will be better equipped to ride the transition than some of its troubled Southeast Asian neighbors.

Rare trees lost in botanical gardens

Rare trees lost in botanical gardens BOGOR (JP): A large number of rare trees planted in botanical gardens here and in Bali have fallen following days of torrential rain over the past week.Director of the Bogor Botanical Gardens Dedy Darnaedi, who also heads the state gardens in the neighboring...

Suspects in attack on City Council held

Suspects in attack on City Council held JAKARTA (JP): Police have detained seven people in connection with Wednesday's mob attack on the City Council, Jakarta Police spokesman Sr. Comr. Anton Bahrul Alam said on Thursday.

Why reduce violence?

Why reduce violence? An article in The Jakarta Post on Feb. 12, 2001 (page 1), Indonesian and GAM strike accord to reduce violence, caught my attention and I would like to offer my comments.First of all, what is the use of reducing violence, because we have no exact figures of how major the...

Court to receive files on corrupt judges this month

Court to receive files on corrupt judges this month JAKARTA (JP): The government-appointed Joint Team to Eradicate Corruption is once again to bring charges against corrupt judges, this time through the offices of public prosecutors.