Indonesian Political, Business & Finance News

Archive: 8 February 2001

53 articles found

PLN regrets electricity black out

PLN regrets electricity black out JAKARTA (JP): A number of areas in the western and southern parts of the capital experienced a power blackout on Wednesday, starting at around 12 a.m.The state electricity company PT PLN has apologized for the problem, saying that it was caused by significant...

After censure: Reform or replay?

After censure: Reform or replay? For the House of Representatives (DPR) to have held a sitting president answerable for alleged corruption without succumbing to executive power or threats from partisan supporters was a historic breakthrough. It strengthened the system of checks and balances.

Persija bows 0-1 to Persita Tangerang

Persija bows 0-1 to Persita Tangerang JAKARTA (JP): Home favorite Persija Jakarta was routed 0-1 by Persita Tangerang in the western division's first round at the 2001 Bank Mandiri soccer league at Benteng stadium, Tangerang, on Wednesday.

Officer arrested over kidnapping

Officer arrested over kidnapping JAKARTA (JP): North Sumatra Police detectives arrested three men on Tuesday, including an officer stationed in Belawan Medan police station, in connection with the kidnapping of two Singaporean nationals from Polonia Airport in Medan.

Zoo wall brings protests

Zoo wall brings protests BANDUNG, West Java: Members of the Indonesian Architects Association (IAI) and conservation group Bandung Heritage are protesting the construction of a wall surrounding the zoo.

Students' rallies

Students' ralliesFrom Media IndonesiaThousands of students from Java and Sumatra in the Students' Executive Body held a long march to the People's Consultative Assembly/House of Representatives (MPR/DPR), after holding a free forum at the University of Indonesia's Salemba campus.

Rupiah Rates Feb.7

Rupiah Rates Feb.7 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,110.00 10,110.00 9,562.00 9,658.00Australian dollar 1 4,997.75 5,551.40 5,245.71 5,303.21Austrian schilling 1 614.78 682.56 645.28 652.04Belgian franc 1 209.71 232.83 220.11 222.

'Latitudes' attempts to enlighten readers

'Latitudes' attempts to enlighten readersBy I Wayan Juniarta DENPASAR, Bali (JP): What would a writer typically do if he/she is getting fed up of having to sacrifice his/her seemingly ever-flowing ideas and inspiration just to be able to put up with the limited space and taste of, say, a newspaper?...

YLKI begins new debate over 'halal' certification

YLKI begins new debate over 'halal' certification JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) proposed on Wednesday that foodstuff producers label products with warnings alerting consumers to the fact that they contain substances which are forbidden for consumption by Muslims.

Jakarta Outer Ring Road project may start next month

Jakarta Outer Ring Road project may start next month JAKARTA (JP): The eagerly anticipated Jakarta Outer Ring Road (JORR) is entering the final stages of its preparation and may begin next month, Minister of Settlement and Regional Infrastructure Erna Witoelar said on Wednesday.

Public role in budget review hailed

Public role in budget review hailed JAKARTA (JP): Governor Sutiyoso asserted on Wednesday that the public would have the opportunity to participate in revising the 2001 city budget in July."We cannot revoke the approved city budget, but we can accommodate criticism and suggestions for future...

Enjoy the delights, food and views of Bali

Enjoy the delights, food and views of Bali DENPASAR, Bali (JP): Do Bali's white beaches, luxury hotels, friendly smiles and cultural festivals satisfy you? Have you ever sampled the wide selection of delicious foods offered by the famous tourist island's hotels and restaurants?Bali has numerous...

KL palm oil ends off lows on short covering

KL palm oil ends off lows on short covering KUALA LUMPUR (Reuters): Malaysian palm oil futures recouped some losses by the close on Wednesday on short covering after a bearish crop report from private forecaster Ivan Wong had pressured prices.

Indosat books profit despite lower income

Indosat books profit despite lower income JAKARTA (JP): International telephone operator PT Indosat suffered a 12.2 percent decline in operating profit in 2000, but the company still booked a significant increase in net earnings thanks to a surge in other income.

Four escape Kuta detention

Four escape Kuta detention DENPASAR, Bali (JP): Four inmates escaped from Kuta police subprecinct detention center, some 15 kilometers west of here on Wednesday.The four fugitives were identified as Steven Juki, 26, Novel Burhanuddin, 22, Sofyan Kadir, 19, and Putut Hartanto, 28.

Government undecided over fuel price increase

Government undecided over fuel price increase JAKARTA (JP): The government is undecided on whether to increase fuel prices in April this year as planned in the 2001 state budget, a minister said on Wednesday.

Where to go in Bali:

Where to go in Bali: Exhibitions * 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. * Painting by German artist Peter Dittmar, at Gaya Fusion of Senses, Jl.

Police arrest 2, seize 1,669 explosive devices

Police arrest 2, seize 1,669 explosive devices JAKARTA (JP): The Jakarta Police special crimes detection unit (Tipiter) arrested two men for questioning and are hunting another following the finding of 1,669 small explosive devices in a warehouse in Penjaringan, North Jakarta, on Tuesday afternoon.

Residents moved from critical area

Residents moved from critical area BOGOR (JP): Over 170 families from Cileuksa Lebak subdistrict have been relocated from their subsiding land to the neighboring area of Cileuksa Utara, which lies 2 kilometers away.Spokesman for the Bogor regency administration M.

S'pore, RI to sign gas deal

S'pore, RI to sign gas deal SINGAPORE (AFX-ASIA): Singapore Power said it will sign on Feb 12 a gas supply deal with Pertamina. The deal will be signed in Jakarta by Singapore trade and industry minister George Yeo and Indonesian minister for energy & mineral resources Purmono Yusgiantoro, it said.

Asia faces fiscal dilemma

Asia faces fiscal dilemmaBy Alan Wheatley TOKYO (Reuters): The large public debts chalked up tackling Asia's financial crisis have come back to haunt the region's governments as they seek to cushion their economies from a global slowdown.

Fighting racism and xenophobia

Fighting racism and xenophobia Chinese Indonesians have been able to openly celebrate Chinese New Year for the past two years. Feb. 15 also marks the once- lively Cap Go Meh celebrations following the New Year.

Minister's visit to S'pore to heal rift

Minister's visit to S'pore to heal rift SINGAPORE (AP): In a trip intended to soothe recently strained ties, Malaysia's deputy prime minister arrived on Wednesday in Singapore on an official visit.Deputy Prime Minister Abdullah Ahmad Badawi, who came with his wife, three Cabinet ministers and six...

Police to hand over Elize to prosecutors

Police to hand over Elize to prosecutors JAKARTA (JP): City police detectives are scheduled to hand over bomb suspect Elize Maria Tuwahatu and the dossier on her to state prosecutors next week.City police chief of detectives Sr. Comr.

No cross-holdings with Asia Pulp & Paper: AFP

No cross-holdings with Asia Pulp & Paper: AFP SINGAPORE (Dow Jones): Singapore-listed Asia Food & Properties Ltd. (AFP) said Wednesday it has no cross-share holdings with Asia Pulp & Paper Co. (APP) even though the two companies share the same parent.

Gus Dur supporters burn Golkar offices

Gus Dur supporters burn Golkar offices SURABAYA (JP): The anger of President Abdurrahman Wahid's supporters boiled over on Wednesday when they torched Golkar Party offices in Surabaya, Mojokerto and Malang, all in East Java.

Rupiah falls with arrival of forward trades deadline

Rupiah falls with arrival of forward trades deadline SINGAPORE (Dow Jones): Most Asian currencies floundered late Wednesday, with the Singapore dollar hit hard by talk of a possible merger or acquisition involving the country's largest bank and nervousness about the political chaos in Indonesia.

Malaysia's Mr Nice Guy no pushover on the political scene

Malaysia's Mr Nice Guy no pushover on the political sceneBy Karim Raslan KUALA LUMPUR: Today (Wednesday), the most underestimated man in Malaysian politics, Deputy Prime Minister Datuk Seri Abdullah Badawi commences what will be his first major visit to Singapore.

Ethnic unrest sweeps Vietnam

Ethnic unrest sweeps Vietnam HANOI (AFP): A wave of apparently well-coordinated protest was sweeping Vietnam's central highlands as the region's ethnic minorities vented their anger at the loss of lands to Vietnamese settlers, residents said on Wednesday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 7, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,875 -75 297,500 Adindo Foresta Indonesia 125 -15 1,109,000 Alakasa Industrindo 190 -130 101,500 Alfa...

AIA's new investment product

AIA's new investment product JAKARTA (JP): PT Asuransi AIA Indonesia, a unit of American International Group Inc. (AIG), launched AIA Invest on Wednesday, a new product offering life insurance policy holders various investment alternatives.

KONI waits for IOC letter on Bob Hasan's fate

KONI waits for IOC letter on Bob Hasan's fate JAKARTA (JP): The National Sports Council (KONI) will wait for an official letter from the International Olympic Committee (IOC) regarding the fate of Indonesia's timber tycoon Mohamad "Bob" Hasan's membership after being convicted of corruption.

Abdurrahman dismisses Yusril from Cabinet

Abdurrahman dismisses Yusril from Cabinet JAKARTA (JP): With continuing calls for his resignation, President Abdurrahman Wahid fired on Wednesday Minister of Justice and Human Rights Yusril Ihza Mahendra for disloyalty.

Singapore banks move on after Indonesian shock

Singapore banks move on after Indonesian shock SINGAPORE (Dow Jones): As shell-shocked foreign exchange dealers in Singapore recuperate from Bank Indonesia's controversial currency rules which have effectively wiped out the offshore rupiah market, many are bracing for the fallout on the industry.

S'pore reserves total $80.4b

S'pore reserves total $80.4b SINGAPORE (AP): Singapore held US$80.4 billion in official foreign exchange reserves in January, up from $76.1 billion a year ago, the Monetary Authority of Singapore said Wednesday.The trading nation held S$138.8 billion (US$79.

Nine officials punished over Ancol scam

Nine officials punished over Ancol scam JAKARTA (JP): The city administration announced on Wednesday that sanctions would be imposed on nine of the 11 officials investigated in connection with controversial overseas trips made last October.

Suwandi hopes for the best in Davis Cup tie opener

Suwandi hopes for the best in Davis Cup tie opener JAKARTA (JP): Indonesian best singles Suwandi expressed hope of being able to win over Uzbekistan's Oleg Ogorodov in the opening match of the Davis Cup Group I Asia Oceania tie at the Kemayoran Tennis Center, Central Jakarta, on Friday.

Golkar to file lawsuits against government, police

Golkar to file lawsuits against government, police JAKARTA (JP): In response to the torching of several Golkar offices in East Java by supporters of President Abdurrahman "Gus Dur" Wahid, Golkar Party chairman Akbar Tandjung said on Wednesday the party would file lawsuits against the government,...

Asian shares lower despite HK, Tokyo rises

Asian shares lower despite HK, Tokyo rises TOKYO (AFP): Share prices in Asian markets were mostly lower Wednesday despite modest rises in the key markets of Tokyo and Hong Kong.In Jakarta, Indonesian share prices closed down 1.

Last three hostages freed by leader of Free Papua Movement

Last three hostages freed by leader of Free Papua Movement JAYAPURA, Irian Jaya (JP): Willem Onde, the leader of the Free Papua Movement (OPM), released on Wednesday afternoon three hostages, including two Koreans, who had been held for 23 days.

BEM UI sticks to moral action, upholds reform

BEM UI sticks to moral action, upholds reform JAKARTA (JP): University of Indonesia's Student Executive Body (BEM UI), which leads other student bodies from various universities in anti-President Abdurrahman Wahid rallies here, says its aim is not to force the President to resign.

New ambassador to Australia nominated

New ambassador to Australia nominated JAKARTA (JP): The government of Indonesia named Sudjadnan Parnohadiningrat, a career diplomat in the Ministry of Foreign affairs as the candidate to fill the vacant ambassadorial post in Canberra.

Three men killed by police, mob

Three men killed by police, mob JAKARTA (JP): Three alleged criminals were killed, two of them by police bullets, at three separate locations on Tuesday.Jakarta Police chief of detectives Sr. Comr. Harry Montolalu identified two of the men as suspected drug dealer Muhakir alias Bansir, 27, and...

Military think tank gets first civilian governor

Military think tank gets first civilian governor JAKARTA (JP): Ermaya Suradinata, currently Director General for National Integration at the Ministry of Home Affairs, has been appointed governor of the National Resilience Institute (Lemhannas).

Government proposes three options to Marubeni

Government proposes three options to Marubeni JAKARTA (JP): The government has proposed three new options to Japan's Marubeni Corp. in a bid to reach an agreement to restructure the overseas debt of petrochemical company PT Chandra Asri, according to an IBRA official.

Sinar Mas urged to hand over 'free and clear' assets to IBRA

Sinar Mas urged to hand over 'free and clear' assets to IBRA JAKARTA (JP): The government will not accept as collateral Sinar Mas Group assets that have been pledged to foreign creditors, Indonesian Bank Restructuring Agency (IBRA) deputy chairman Mahmuddin Yasin said on Wednesday.

Absolutely Bali offers look at 'other side' of Bali

Absolutely Bali offers look at 'other side' of Bali JAKARTA (JP): It is true that Bali is more than just white sand, undulating seas, surf and amusement parks or beautiful Balinese girls clad in elaborately gold-embroidered songket lined up in streets ready to attend a religious ceremony in a...

Court verdicts obstruct the law

Court verdicts obstruct the law We are the representative lawyers of a Bank, acting as the plaintiff.There are three verdicts of the South Jakarta District Court which make us very disappointed.First, the Court issued a verdict in favor of a third party who was not a party involved in a case.

Czech artist Jiri Chmelar wants to grasp infinity

Czech artist Jiri Chmelar wants to grasp infinityBy Mehru Jaffer JAKARTA (JP): Czech-born artist Jiri Chmelar has finally made it to Jakarta. He has come to Bali three times in the past, but does not consider those trips as a visit to this country."That place is not Indonesia.

ILO calls on Jamsostek to improve its transparency

ILO calls on Jamsostek to improve its transparency BEKASI, West Java (JP): The International Labor Organization (ILO) representative office in Jakarta called on state-owned PT Jamsostek to be more transparent in managing funds it has collected, to win workers' confidence.

Rp 3.4 billion for Padang street kids

Rp 3.4 billion for Padang street kids PADANG: The Asian Development Bank will allocate Rp 3.4 billion this year to support the activities of 11 shelters for street children in Padang, West Sumatra.Head of Social Welfare Program at the provincial office of social affairs Erliza Rupiah Riawati told...

Parts of Aceh suffer from power blackout

Parts of Aceh suffer from power blackout BANDA ACEH, Aceh (JP): Parts of Aceh were still paralyzed on Wednesday following a power blackout as violence continued to rock the province with two military and police officers shot dead by gunmen.

Lombok -- the most beautiful place on God's earth

Lombok -- the most beautiful place on God's earthBy Stephanie Merrit BALI, Indonesia: "Five dollars," said the man at passport control, sticking a furtive hand through the side of his booth, "or you go home next plane.