Indonesian Political, Business & Finance News

Archive: 27 February 2001

62 articles found

Baby dies in closet

Baby dies in closet CIREBON, West Java: Investigations are underway into the death of a newborn baby girl who was allegedly murdered by her mother in Kebon Panggung, Pekalangan district. Antara reported on Monday that the mother, identified only as HL, had been pregnant out of wedlock and was terrified that her relatives would discover the pregnancy.

PPA content to be reduced in medication

PPA content to be reduced in medication JAKARTA (JP): The Food and Drug Control Agency (BPOM) has set an April 8 deadline for the pharmaceutical industries to lower the content of phenylpropanolamine (PPA), a popular substance used as a decongestant in flu and cough medicines, to a maximum of 15 milligrams per tablet or tablespoon. Many popular cold cure tablets sold over the counter currently contain 25 milligrams of PPA Hydrochloride.

South Korean bad bank loans escalate to $450 billion

South Korean bad bank loans escalate to $450 billion SEOUL (AFP): South Korean banks' bad loans soared last year due to heavy exposure to troubled firms leaving banks with total liabilities of US$450 billion, financial authorities said Monday. Non-performing loans held by 17 commercial banks doubled to 38.8 trillion won ($31 billion) at the end of September last year from 19 trillion won ($15.2 billion) the previous year, the Financial Supervisory Commission (FSC) said.

Planned fuel price hike

Planned fuel price hike From Media Indonesia The government's plan to raise the price of fuel in April 2001 has caused anxiety because the last hike was only in October 2000. A fuel price hike is burdensome to the people. Perhaps it would be a good idea to postpone the hike to the end of 2001, otherwise it is the common people who would have to bear the burden. It is strange that there are always problems with fuel prices. Hasn't the state oil company Pertamina completed its internal reforms?

Schools told not to collect state exam fees

Schools told not to collect state exam fees JAKARTA (JP): The City Education Agency has warned elementary and junior high schools across the capital against asking students to pay state exam fees, an official said on Monday.

Rupiah falls to lowest level in two years

Rupiah falls to lowest level in two years JAKARTA (JP): The rupiah dropped on Monday by 2 percent to its lowest level since October 1998 amid worsening ethnic violence in Central Kalimantan and problems with the International Monetary Fund. The rupiah ended at Rp 9,830 per U.S. dollar late on Monday from Rp 9,685 on Friday, foreign exchange dealers said.

Premier finds gas in Pangkah

Premier finds gas in Pangkah LONDON (AFX): Premier Oil PLC announced the successful completion of an appraisal drilling program on Ujung Pangkah Field in its Pangkah Block in East Java, Indonesia. It has confirmed reserves for the field in excess of 450 billion cubic feet of liquids-rich gas, equivalent to around 90 million barrels of oil, with the possibility of developing additional oil from the structure.

Seribu Islands' status hits snag, says speaker

Seribu Islands' status hits snag, says speaker JAKARTA (JP): The deadline for the establishment of the Seribu Islands as an administrative regency, set for Aug. 31 at the latest, will likely be put off due to the absence of a supporting regulation on the upgrading of the island group's status.

Mahfud's views on police are his alone, 'not TNI's'

Mahfud's views on police are his alone, 'not TNI's' JAKARTA (JP): The National Police Headquarters strongly objected on Monday to defense minister Mahfud MD's statement concerning the separation of the National Police from the Indonesian Military (TNI), calling it something that could "create a lot of problems".

Goh calls for more racial integration

Goh calls for more racial integration SINGAPORE (AP): Singaporeans need to find more time to gather and socialize with members of different races, the prime minister of the multiracial city-state said. Goh Chok Tong's comments came late Sunday at an event organized by an ethnic Indian organization at which he urged people from different racial groups to reach out to each other and organize joint events and training programs.

Asia poised to lead high-speed wireless Web phone race

Asia poised to lead high-speed wireless Web phone race SINGAPORE (AP): Telecommunications companies are taking heat for paying tens of billions of dollars for rights to high-speed wireless Internet services in Europe, which some consider a colossal gamble on an unproven future market. But in Asia - where speedy Web phones are about to make their world debut - there is little talk of impending disaster.

Gus Dur continues overseas trip despite Sampit rage

Gus Dur continues overseas trip despite Sampit rage By Budiman Moerdijat CAIRO (JP): President Abdurrahman Wahid said here on Monday that he would continue his two-week overseas trip despite the bloody ethnic pogrom raging in Central Kalimantan.

Autonomy Expo in JCC

Autonomy Expo in JCC JAKARTA (JP): The Ministry of Home Affairs and Regional Autonomy in cooperation with PT Wahyu Promocitra will stage an exposition and seminars at the Jakarta Convention Center from Feb. 28 until March 2 to promote regional autonomy and the attractions of the various regions to local and foreign investors.

Malaysia palm oil down despite data

Malaysia palm oil down despite data KUALA LUMPUR (Reuters): Higher export figures for February failed to lift Malaysia's palm oil futures on Monday after talk that India planned to increase import duties on edible oils had hit the market. "There are all kinds of rumors about the Indian duty. That's why the market went down despite good export figures by SGS," said one trader in Kuala Lumpur.

Ex-cop shot for motorbike theft

Ex-cop shot for motorbike theft JAKARTA (JP): Detectives from the Setiabudi subprecinct in South Jakarta shot a former police officer, who had been discharged from the force for desertion, on Monday afternoon for attempting to steal a police motorcycle. The subprecinct's chief of detectives First. Insp. Toga Siambaton said the suspect, identified as Edi Subagyo alias Yoyo, 36, was shot in the left thigh after he failed to heed two warning shots.

DHL launches new ad gimmick

DHL launches new ad gimmick JAKARTA (JP): DHL Worldwide Express launched its new advertising gimmick for Asia, focusing on the customer's added value experience when using DHL services. DHL's senior technical advisor for Indonesia Mike Fitzpatrick said that the gimmick "DHL delivers more" features a man holding a baby inside a transparent box. With more flexible pick-up times as touted in the new advertisement, DHL customers will have more time to spend with their families, he asserted.

18 clubs compete in Silatama

18 clubs compete in Silatama JAKARTA (JP): Eighteen renowned table tennis clubs have confirmed their participation in the Table Tennis National Circuit (Silatama) here from March 1 to March 4. Chief of the organizing committee, Ananda Isman, said on Monday that the participants had undergone tight selection procedures, such as having produced athletes who have notched up national and international achievements and have entered the top five in the 2000 National Games (PON) in East Java last June.

Islamic D-8 nations vow solidarity in facing rich states

Islamic D-8 nations vow solidarity in facing rich states CAIRO (AFP): The leaders of eight Muslim developing nations with a combined population of 800 million vowed here Sunday to take up the challenges of globalization and join forces to face the developed states of the World Trade Organization (WTO).

Muslims' degradation due to power abuse

Muslims' degradation due to power abuse From Media Indonesia It is hard to believe that certain Muslim leaders have been politicizing things in such a way that they are endangering Muslims internally. Imagine that the recent plenary session of the House of Representatives (DPR), which resulted in the issuance of a House memorandum, has been opposed by supporters of President Abdurrahman "Gus Dur" Wahid, particularly in East Java province, with all kinds of justification.

PAP programs for female workers headed for abroad

PAP programs for female workers headed for abroad JAKARTA (JP): Female workers who will be sent overseas will again have the chance to prepare themselves with skills and information through the reinstated training session (PAP) organized by non-governmental organizations to avoid possible cases of abuse and scam.

IBRA to sell stake in iron company and subsidiary

IBRA to sell stake in iron company and subsidiary JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) will sell its 97.69 percent stake in galvanized iron sheet manufacturer PT Kerismas Witikco Makmur as part of its asset disposal program to help finance the state budget.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 26, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,825 -50 118,000 Adindo Foresta Indonesia 125 0 109,000 Alakasa Industrindo 145 0 0 Alfa Retailindo 975 0 18,000 Alter Abadi 115 5 79,500 Alumindo Light Metal 650 -100 1,000 Andhi Chandra 1,725 -25 274,000 Aneka Kimia Raya 210 10 22,500 Aneka Tambang (Persero) 925 -25 416,500 Anwar Sierad 300 0 0...

House supports call for AFTA delay

House supports call for AFTA delay JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) received support on Monday from the House of Representatives (DPR) for its call to delay the country's participation in the ASEAN Free Trade Area. Kadin's chairman Aburizal Bakri said House members agreed with the chamber's call on the need to reschedule the full implementation of the free trade pact to at least 2005 from the initial schedule of 2003.

Opposition groups face new rift in Malaysia

Opposition groups face new rift in Malaysia KUALA LUMPUR (AP): Opposition leaders on Monday downplayed a dispute that has flared amid accusations that a mostly ethnic Malay Muslim party is siphoning members from its ethnic Chinese partner in Malaysia's main opposition coalition.

Rise predicted in Malaysian, RI palm oil production

Rise predicted in Malaysian, RI palm oil production KUALA LUMPUR (Reuters): Malaysia and Indonesia expect to see an increase in crude palm oil production this year, which could trigger more competition between the world's largest producers, analysts and traders said on Monday. Malaysia's crude palm oil production is projected to reach 11.2-11.6 million tons this year, up from 10.842 million tons recorded in 2000.

PLN unit gets ISO 9002

PLN unit gets ISO 9002 BANJARNEGERA, Central Java (JP): PT Indonesia Power, a subsidiary of state electricity company PT PLN, received on Monday the International Standardization Organization (ISO) 9002 certificate for its Mrica power plant in Banjarnegara, Central Java. The company's general manager Firdaus Akmal accepted the certificate from Arifin Lambaga, the president of certification firm PT Mutu Agung Lestari in a ceremony at the power plant.

Debt sends rupiah to its lowest in 2 years

Debt sends rupiah to its lowest in 2 years SINGAPORE (Dow Jones): Concerns over the Indonesian government's ability to repay billions of dollars in maturing debt pushed the rupiah to its lowest level in nearly 2 1/2 years Monday. The Philippine peso also slumped against the dollar, but most other regional currencies finished Asian trading hours higher. In Jakarta, local corporations snatched up U.S.

Government, IMF 'agree' on central bank issue

Government, IMF 'agree' on central bank issue JAKARTA (JP): The government and the International Monetary Fund "have bridged their differences" over the controversial amendment of the central bank law, Coordinating Minister for the Economy Rizal Ramli said on Monday.

Muara Angke wildlife reserve waits for helping hands

Muara Angke wildlife reserve waits for helping hands By Bambang Parlupi JAKARTA (JP): As Jakarta and its people remain wrapped in their own problems, the obstacles faced by Muara Angke wildlife reserve -- one of few reserves left in the capital -- go almost unnoticed. The reserve, along with its surviving mangrove, which is essential to prevent seawater intrusion, is filled with filthy garbage and waste rushing in from nearby Angke River. A mangrove's survival depends much on sea tides.

Nightspots will be closed during Idul Adha

Nightspots will be closed during Idul Adha JAKARTA (JP): Smarting from public outcry against nightspots ahead of Idul Fitri last year, the city authorities will order the closure of the places one day before and after the Idul Adha Islamic Day of Sacrifice, which falls on March 5. Head of the City Tourism Agency Parlindungan Hutabarat said on Monday a gubernatorial decree is expected to be issued later this week.

30 juniors enter training camp

30 juniors enter training camp JAKARTA (JP): The Badminton Association of Indonesia (PBSI) announced on Monday its list of junior shuttlers to be admitted to the Indonesian Badminton Center in Cipayung, East Jakarta. Secretary general Leo Chandra Wiranata told reporters that all the juniors had satisfied the five criteria set by the association. "The criteria are their tournament achievements, basic potential, health checkup results, prospects and, finally, physical fitness.

Hypnotism in crimes

Hypnotism in crimes From Bisnis Indonesia If you are mentally weak, you must always be on your guard to prevent yourself from being hypnotized by a crook. Usually, the crime is committed like this: First the crook will pat you on the shoulder. The moment you get this pat, you will lose your consciousness and be under the control of the crook. To avoid this, you must pay attention to the following: 1. Only people who are relatively weak mentally can be hypnotized.

Recommended U.S. policy for Indonesia and Maluku crisis

Recommended U.S. policy for Indonesia and Maluku crisis The following is the second part of an excerpt from a report prepared for the United States Commission on International Religious Freedom which held a hearing on the Maluku Islands on Feb. 13 in Washington D.C. The report is by R. William Liddle, an expert on Indonesia of The Ohio State University in the United States.

S'pore trade pacts 'worrisome': Mahathir

S'pore trade pacts 'worrisome': Mahathir KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad on Monday described Singapore's attempts to negotiate separate free trade agreements as "worrisome." Countries which secure such deals could gain a "backdoor entry" into the ASEAN Free Trade Area (AFTA), he told a press conference.

Optimism possible despite a ravaged Indonesia

Optimism possible despite a ravaged Indonesia By Imam B. Prasodjo JAKARTA (JP): What is happening in Indonesia is very much connected with socio-political changes on a global scale. Various forms of social disruption have emerged and affected the structure of global society, repositioning the power relations between nations, challenging the existence of many states, including Indonesia. Karl Marx's phrase "all that is solid melts into air" seems to have taken on a new meaning.

UI rector ignores court order and warning

UI rector ignores court order and warning JAKARTA (JP): Lawyers of University of Indonesia (UI) rector Asman Boedi Santoso said on Monday that their client would continue with the suspension of six students despite a court order. The decision goes against a preliminary ruling and a warning by the Jakarta State Administrative Court that the rector let the students attend classes pending the court's verdict over the case.

Clarification sought over abuse of Nike workers in Indonesia

Clarification sought over abuse of Nike workers in Indonesia JAKARTA (JP): The Indonesian Footwear Association (Apresindo) was cautious on Monday in responding to reported labor abuses in Nike's Indonesian partner factories. Apresindo chairman Anton J.

Government to hike prices of generic drugs

Government to hike prices of generic drugs JAKARTA (JP): Head of the Food and Drug Control Agency Sampurno revealed on Monday that the government would increase the prices of generic drugs by some 15 percent starting April this year. The increase, he said, was in line with the rise in the cost of pharmaceutical raw materials and fuel prices.

Encourage reform in Myanmar: KL

Encourage reform in Myanmar: KL KUALA LUMPUR (AP): Malaysia is developing into a broker in talks Myanmar's military government and the opposition and is urging other Southeast Asian nations to step up economic aid to encourage the generals to embrace democracy.

S. Sulawesi budget extravagant: NGOs

S. Sulawesi budget extravagant: NGOs MAKASSAR, South Sulawesi: Around 20 representatives from non- governmental organizations here went to the provincial council on Monday to demand that councillors withdraw their endorsement of the provincial 2001 budget. "We demand that the proposed budget submitted by Governor HZB Palaguna be reviewed as many of the allocations are unnecessary," the NGOs' coordinator Syamsuddin said.

It's new but here to stay

It's new but here to stay By John S. Tumiwa JAKARTA (JP): Many people believe in advertising but the question is, "What is advertising?" When you discover the real meaning of advertising, it might change the way you use the traditional and nontraditional media. However, I will limit the discussion to nontraditional advertising or Internet advertising. So what is advertising? Its definition in short is: "Salesman on print".

Truce accords have little effect in Aceh

Truce accords have little effect in Aceh BANDA ACEH, Aceh (JP): Truce accords implemented in Aceh have had little effect in stopping the violence as 11 people were found dead in separate places in disputed Aceh province on Monday. Five of the bodies were discovered by residents at two different locations near Lhokseumawe, the district capital of North Aceh.

Working extra hard to assure visitors

Working extra hard to assure visitors JAKARTA (JP): The world has, and will continue to, witness the collapse of many dot-coms due to the shortage of operational funds. Ads, which webmasters hope to arrive in time to color their websites, have failed to appear. Only a few have managed to grab advertisers to spend their money on cyberspace business. Here in Indonesia, only two operators have achieved relative success in clutching advertisements for their screens.

Rupiah Rates Feb.26

Rupiah Rates Feb.26 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

S'pore visitor arrivals up 3%

S'pore visitor arrivals up 3% SINGAPORE (Dow Jones): Singapore's tourist arrivals rose 3 percent to 656,840 from a year earlier, but fell 5 percent on month on a decline in the number of holiday visitors from Indonesia and Japan, the Singapore Tourism Board, or STB, said Monday. The number of visitors from Indonesia -- the top visitor- generating country -- fell 22.6 percent on year to 115,699.

Reform of the National Police

Reform of the National Police The following is the summary of the Feb. 20 report of the Brussels-based International Crisis Group on the National Police. JAKARTA: In the euphoria at the demise of the New Order, there was an expectation that the 1945 Constitution's declaration that Indonesia was a state based on the rule of law might be resurrected after 40 years of neglect.

Regional autonomy in the eyes of Islam

Regional autonomy in the eyes of Islam From Forum Keadilan Regional autonomy has presented various problems. This was admitted by the Minister of Home Affairs and Regional Autonomy, who stated that certain authorities remain a crucial barrier between the central government and provincial administrations. In other words, regional autonomy has prompted a conflict of interest between the central government and provinces and between neighboring provinces and regencies.

PT Timah sets lower output of tin ingots

PT Timah sets lower output of tin ingots SINGAPORE (Dow Jones): Indonesia's PT Tambang Timah plans to produce around 33,000-36,000 metric tons of tin ingots in 2001, compared with 35,000 tons in 2000, a company official told Dow Jones Newswires on Monday. A downward trend in production is possible because the world tin price "has been declining for the last three, four years," said the company's corporate secretary, Prasetyo Saksono.

Forest concession holders urged to foil forest fires

Forest concession holders urged to foil forest fires JAKARTA (JP): A regulation has been issued specifically aimed at preventing forest fires by holding more parties, including forest concession holders, accountable for fires breaking out in their areas, even if they are not directly responsible the fires. State Minister of the Environment Sonny Keraf said that with Government Regulation No. 4/2001, concession holders can no longer shirk responsibility when a fire occurs.

Rates for tax payment, valid from Feb. 26 to March 4

Rates for tax payment, valid from Feb. 26 to March 4 U.S. dollar 1 Rp 9,600.00 Austrian schilling 1 Rp 631.24 Australian dollar 1 Rp 5,012.16 Belgian franc 1 Rp 215.32 Canadian dollar 1 Rp 6,236.20 Swiss franc 1 Rp 5,670.41 Deutschemark 1 Rp 4,444.03 Danish krone 1 Rp 1,163.28 French franc 1 Rp 1,324.18 Poundsterling 1 Rp 13,864.32 Hong Kong dollar 1 Rp 1,230.82 Italian lira 100 Rp 448.60 Japanese yen 100 Rp 8,200.92 Malaysian ringgit 1 Rp 2,526.32 Dutch guilder 1 Rp 3,941.58 New Zealand dollar...

Alleged molester detained in Padang

Alleged molester detained in Padang PADANG, West Sumatra: A 53-year-old man identified as Rustam is under police detention for allegedly molesting nine male junior high school students. "As of Monday, we have found nine victims, all of them students, who admitted that they had been sexually molested by the suspect," Adj. Sr. Comr. Estuning Widayat said here on Monday. Rustam reportedly forced the students to commit sexual acts after inviting them to his house to watch pornographic films.

National players may play in Libama

National players may play in Libama JAKARTA (JP): Indonesian national basketball players will be allowed to represent their respective universities in the 2000 National Students Basketball League (Libama) at Soemantri Brodjonegoro basketball hall in Kuningan, South Jakarta. The Indonesian Basketball Association (Perbasi) official in charge of Libama Imroni H.

Fire guts house in Bali village

Fire guts house in Bali village SANUR, Bali: Fire gutted a villa on Jl. Kesari, Arya Desa village early on Monday causing Rp 250 million in losses. Four fire trucks arrived at the scene to extinguish the fire at around 4:15 a.m. No casualties were reported. Police have begun an investigation as the fire was said to be somewhat unusual. " A preliminary investigation points to an explosion as the cause of the fire which started in the villa's water heater unit," Denpasar Police chief Sr. Comr.

Where to go in Bandung:

Where to go in Bandung: Exhibitions * Painting, Furniture, handicrafts Fascinating Fetes, Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 4231631), 9 a.m. to 9 p.m., until Feb. 28. * Photo Pandangan Mengenai Kota, CCF - French Cultural Center, Jl. Purnawarman 32 (Phone:

Sampit revisited

Sampit revisited More than a week after a wave of violence and anarchy began to sweep the Central Kalimantan heartland, in the township of Sampit, there is still no sign that the ethnic turmoil that is threatening to tear apart this nation's unity is about to end. In fact, rather the opposite is true. As of yesterday, the authorities in Sampit seem to have the situation more or less under control.

Top police officers promoted in rank

Top police officers promoted in rank JAKARTA (JP): The National Police officially promoted 11 of its high-ranking officers in a ceremony at the National Police Headquarters on Monday. The promotions come shortly after a major reshuffle in the National Police, which involved 36 high-ranking and middle- ranking officers. The 11 officers promoted include National Police spokesman Brig. Gen. Didi Widayadi, National Police inspector general Insp. Gen. Yuyun Mulyana, Central Java police chief Brig.

TNI likened to Kumbokarno

TNI likened to Kumbokarno From Rakyat Merdeka I read with interest the editorial of Rakyat Merdeka on Feb. 24, 2001 which likens the Indonesian Military (TNI) to the knight Kumbokarno in the Ramayana epic. Frankly, I couldn't help laughing imagining the military like Kumbokarno, who chose to flee to the forest and sleep there in order to be free from having to be responsible for the sins and ruthlessness of his king. Our military is truly acting like Kumbokarno.

Tutut questioned over alleged oil project markup

Tutut questioned over alleged oil project markup JAKARTA (JP): Businesswoman Siti Hardijanti Hastuti "Tutut" Rukmana went to the Attorney General's Office on Monday and was questioned for 10 hours over an alleged markup of a US$306 million government oil project. The eldest daughter of former president Soeharto said she brought along documents to prove that she was innocent and that none of the money that her company, PT Triharsa Bimanusa Tunggal, received was used by her personally.

Pedicab drivers run amok in Bogor

Pedicab drivers run amok in Bogor BOGOR (JP): Hundreds of becak (three-wheeled pedicab) drivers ran amok on Monday, destroying and throwing around 20 becak belonging to a Bogor pedicab repair station into a nearby river after their demand for the release of their pedicabs, netted by authorities on Thursday, was refuted. Before the incident, a group of people had mobbed the Bogor mayoralty office protesting at the netting of their pedicabs, demanding that they be allowed to operate in Bogor.

Over 100 dead bodies left untransported

Over 100 dead bodies left untransported SAMPIT, Central Kalimantan (JP): Over 100 dead bodies were found in separate spots in the Sampit area, Central Kalimantan, on Monday, while fresh troops and aid for the prolonged communal conflicts arrived by air. Comr. Tato Suharto, chief of Central Kalimantan Police Control Unit (Sabara) said the number of dead bodies found on Monday totaled 118.

PSSI talent scouts net 25 players

PSSI talent scouts net 25 players SEMARANG (JP): The talent-scouting team from the Soccer Association of Indonesia (PSSI) has netted 25 players to join the national team for the pre-qualifying round of Group Nine of the 2002 World Cup. PSSI spokesman Eddi Elison said that many of the candidates were familiar faces on the national team and all were still playing in the 2001 Bank Mandiri national soccer league.

House backs all-out fight against corruption

House backs all-out fight against corruption JAKARTA (JP): The House of Representatives threw its political weight on Monday behind an all-out war on corruption, which, many argue, has developed into an organized crime in crisis-plagued Indonesia.