Indonesian Political, Business & Finance News

Archive: 3 March 2001

58 articles found

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on Mar. 2, 2001: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,775 25 337,000 Adindo Foresta 125 5 504,000 AGIS 195 0 323,000 Alakasa 140 -5 8,500 Alfa...

Fare evaders inflict huge monthly losses upon KAI

Fare evaders inflict huge monthly losses upon KAI By Multa Firdaus JAKARTA (JP): Poor ticket control and weak law enforcement have for years provided leeway for economy-class electric and diesel train passengers to evade paying fares.

BI to continue intervention to help rupiah, Sjahril says

BI to continue intervention to help rupiah, Sjahril says JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Friday that, if necessary, the central bank would continue to intervene in the financial market to help the beleaguered rupiah.

Old ice cream parlors left out in the cold

Old ice cream parlors left out in the cold By Ida Indawati Khouw JAKARTA (JP): Irwan Hermawan remembers courting his now wife Yulita over ice cream at Ragusa Es Italia on Jl. Veteran, Central Jakarta. "I would pedal my bike from my house in Pasar Baru (Central Jakarta) to her house and then spend a...

The spirit of Idul Adha

The spirit of Idul Adha On Monday, Muslims in Indonesia and all over the world mark Idul Adha by slaughtering cattle, as a symbolic gesture of their readiness to sacrifice their most treasured possession whenever so ordained by their Creator.

IMF welcomes move to allow BCA, Niaga sale

IMF welcomes move to allow BCA, Niaga sale JAKARTA (Dow Jones): The International Monetary Fund Friday welcomed a decision by Indonesia's Parliament to allow the sale of two nationalized banks to foreign investors.

Utut drills Andrean for chess duel

Utut drills Andrean for chess duel JAKARTA (JP): Indonesian Grand Master Utut Adianto is training young chess player Andrean Susilodinata ahead of a duel with 2000 junior champion Son Nguyen Ngoc Troung of Vietnam from March 10 to March 15 at Sari Pan Pacific hotel.

Sampang's new regent to be installed: Surjadi

Sampang's new regent to be installed: Surjadi JAKARTA (JP): The Minister of Home Affairs and Regional Autonomy Surjadi Soedirdja has given an assurance that the East Java governor would install the controversially elected Sampang regent Fahdilah Budiono immediately, a deputy speaker of the House of...

Tjiwi Kimia makes coupon payment

Tjiwi Kimia makes coupon payment HONG KONG (Dow Jones): Indonesia's PT Tjiwi Kimia, a unit of Asia Pulp & Paper, made a coupon payment of US$13.25 million Thursday in New York, an official at the custodian, the Bank of New York, told Dow Jones Newswires Friday.

Central government vows to fund Tangerang beach restoration

Central government vows to fund Tangerang beach restoration TANGERANG (JP): Central Government has promised to finance efforts to curb erosion on the 51-kilometer-long northern coast of Tangerang regency, the regency's environmental office chief Adil Darmawan said on Friday.

Manggarai clash unabated yet

Manggarai clash unabated yet MAUMERE, East Nusa Tenggara: The deadly clash between residents of Buti and Lanamai villages which started on Tuesday and killed two people in the regency of Manggarai had yet to abate on Friday.

Rubber exporters attack Goodyear plan

Rubber exporters attack Goodyear plan BANGKOK (Reuters): Thailand, Indonesia and Malaysia, the world's top three rubber producers, have lodged a protest against efforts by Goodyear Tire and Rubber Co to charge suppliers for damage to rubber products.

Persita beat Persikabo 1-0

Persita beat Persikabo 1-0 JAKARTA (JP): Persita of Tangerang regency tamed Persikabo of Bogor regency 1-0 to top the western division standing in the 2001 Bank Mandiri soccer league at Benteng stadium in Tangerang.

TV Today

TV Today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Music 8:30 Documentary 9:30 Variety Show 10:00 Music 11:00 Talk Show 12:00 p.m. Interval 3:00 News 3:30 Feature 4:00 Children's Songs 5:00 News 5:30 Documentary 6:00 Comics 7:00 Evening News 7:30 TV Drama 8:30 Music 9:00 News 10:00 Sports...

Sinar Surya team dominates Silatama

Sinar Surya team dominates Silatama JAKARTA (JP): Sinar Surya table tennis club of Jakarta cruised undefeated at the second day of the Table Tennis Main Circuit (Silatama) after winning its Friday's matches at Bulungan Sports Hall in Blok M area, South Jakarta.

Give the young hope

Give the young hope From Rakyat Indonesia I have always dreamed of seeing a peaceful face on Indonesia, reflecting prosperity and not tainted by conflicts and clashes. I am disappointed with the present face of Indonesia.

Man arrested for brother's murder

Man arrested for brother's murder JAKARTA (JP): Bogor Police are currently questioning a man for allegedly murdering his elder brother after a squabble over money at their residence on Jl. Kampung Kopi in the Puspasari area of Citeureup, Bogor, on Thursday night.

Unresolved and chronic problems led to Sampit riot

Unresolved and chronic problems led to Sampit riot More than 400 people have been killed and over 50,000 displaced in the armed conflict between native Dayaks and migrant Madurese settlers in Central Kalimantan's cities of Sampit and Palangkaraya.

Don't fight for markets, know your customers better

Don't fight for markets, know your customers better By Laurens Sihaloho JAKARTA (JP): Recently, a friend of mine took his car to his car dealer, after making an appointment, to have it serviced after it had completed its first 5,000 kilometers. He purchased the car about seven months ago.

Over 12,000 refugees from Sampit enter Surabaya

Over 12,000 refugees from Sampit enter Surabaya SURABAYA (JP): An additional 12,000 Madurese migrants escaping possible execution in Sampit and Palangkaraya, Central Kalimantan by ships, flooded the Tanjung Perak seaport on Friday.

Golkar Party agrees with prosecution of Ginandjar

Golkar Party agrees with prosecution of Ginandjar JAKARTA (JP): The Golkar Party has acknowledged the move by the Attorney General's Office to probe party member Ginandjar Kartasasmita over alleged corruption involving state oil and gas company Pertamina.

Nationalism and working ethos

Nationalism and working ethos From Media Indonesia A nation will be great only if it maintains a high level of nationalism and working ethos. If nationalism and working ethics are wearing thin, you can bet this nation is doomed to disintegration.

One shot, two others nabbed for robberies

One shot, two others nabbed for robberies JAKARTA (JP): The city police's detectives for violent crimes fatally shot one man and arrested another two near the bustling Kampung Melayu bus terminal in East Jakarta on Thursday in connection with a series of street crimes, an officer said on Friday.

Officers to face prosecution over unlawful shooting

Officers to face prosecution over unlawful shooting JAKARTA (JP): City Police internal affairs is scheduled to shortly question a number of middle-ranking officers of the West Jakarta Police following the wrongful fatal shooting of a man on Jl. Raya Semanan in Kalideres early on Wednesday morning.

Man arrested over Rp 1b fraud

Man arrested over Rp 1b fraud JAKARTA (JP): Detectives from the city police's general crimes squad arrested a man on Thursday over an alleged Rp 1 billion (US$102,040) fraud. General crimes squad chief Adj. Sr. Comr.

Indonesia and Norway to set up an oil spill response unit

Indonesia and Norway to set up an oil spill response unit JAKARTA (JP): The Ministry of Maritime Affairs and Fisheries, in cooperation with the Ministry of International Development of the Kingdom of Norway, signed on Friday an agreement to set up an oil spill response unit in Indonesia.

Timorese fighter jail for militiaman murder

Timorese fighter jail for militiaman murder DILI, East Timor (AP): A rights group on Friday welcomed the conviction of an East Timorese independence fighter for murdering a pro-Indonesian militiaman in the mayhem that engulfed East Timor after it voted for independence in 1999.

Forex reserves fall by US$16.10m

Forex reserves fall by US$16.10m JAKARTA (JP): Indonesia's net foreign exchange reserves dropped by US$16 million to $29.091 billion in the week ending on Feb. 23 from $29.107 billion in the previous week, Bank Indonesia said in its weekly report.

Anti-Communist Front set up

Anti-Communist Front set up BANDUNG: Around 100 West Java politicians and public figures at a ceremony at the Panghegar Hotel here on Friday signed up to the establishment of the West Java Anti-Communist Front in their efforts to curb what they called "the emergence of new Communism movements".

Domestic refugees left unprotected in international law

Domestic refugees left unprotected in international law By Heru Susetyo JAKARTA (JP): It is chilling -- the image of thousands of people fleeing to forests from the violence that has killed hundreds, or the jostling to make it to departing ships that will sail the forced migrants to safety far from...

Five judges named to Nazar trial

Five judges named to Nazar trial JAKARTA (JP): Five judges have been appointed to the trial of Central Information for Aceh Referendum (SIRA) chief Muhammad Nazar in the Banda Aceh District Court, which will begin on Thursday, Antara reported.

Prosecutors cut short Tutut's questioning on pipeline scam

Prosecutors cut short Tutut's questioning on pipeline scam JAKARTA (JP): The questioning of Siti Hardijanti "Tutut" Rukmana, a suspect in an alleged markup of state oil company Pertamina pipeline project, was cut short due to her experiencing respiratory problems on Friday.

January exports weaken as demand slows: BPS

January exports weaken as demand slows: BPS JAKARTA (JP): Export earnings in January dropped by 5.66 percent to US$4.84 billion from $5.13 billion in December partly due to slowing export demands, the Central Bureau of Statistics (BPS) said on Friday.

Megawati backed to be President

Megawati backed to be President JAKARTA (JP): Political support for Megawati Soekarnoputri to become president crystallized here on Friday as leading figures from the Muslim parties, Golkar and the Indonesian Democratic Party of Struggle (PDI Perjuangan) met to smooth the way for her possible...

Rupiah Rates March 02

Rupiah Rates March 02 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,378.00 10,378.00 9,829.00 9,927.00 Australian dollar 1 4,936.58 5,468.17 5,173.99 5,230.54 Austrian schilling 1 633.82 701.93 664.30 671.43 Belgian franc 1 216.20 239.44 226.60 229.

Moroccan arrested over prostitution

Moroccan arrested over prostitution JAKARTA (JP): Immigration officials detained a Moroccan national for questioning on Friday over charges of prostitution, after arresting her at a hotel in Central Jakarta. Central Jakarta Immigration Chief M. Djaelani identified the woman as Dri Ssin Sahmaoui, 30.

Distressed Soeharto leaves Pertamina hospital

Distressed Soeharto leaves Pertamina hospital JAKARTA (JP): Former president Soeharto left the hospital on Friday even though not fully recovered from his appendectomy. The court-appointed a team of physicians from the Cipto Mangunkusumo Hospital (RSCM) initially prohibited Soeharto from checking...

Ministers told to settle refugee problems

Ministers told to settle refugee problems JAKARTA (JP): Vice President Megawati Soekarnoputri has ordered all related ministers to quickly settle all refugee problems in the country within one month and to provide clear standard procedures to handle them.

City Council plans to reduce number of factions

City Council plans to reduce number of factions JAKARTA (JP): Regional autonomy has sparked controversy anew as demonstrated by the debate that is now looming in the City Council over a proposal from the major factions to reduce the number of political groupings from the current 11.

KL comes under fire from inside, outside over 'censor'

KL comes under fire from inside, outside over 'censor' KUALA LUMPUR (AFP): An international press freedom group criticized on Friday Malaysia's decision to delay sales of two foreign news magazines which carry articles on Prime Minister Mahathir Mohamad's government.

On change of national leader

On change of national leader After paying close attention to the current situation and condition of our country where there is not yet any indication of abatement, we surely do not wish to see things go from bad to worse.

'It's impossible to bring total peace in Malukus'

'It's impossible to bring total peace in Malukus' AMBON, Maluku (JP): Noting the complexity of interests and security problems in the Maluku provinces, those responsible for keeping the peace there said it would be next to impossible to establish "a zero violence" situation in the troubled region.

Review of bookstore biased

Review of bookstore biased Djakarta's review of bookstores (February 2001) is an attempt to convince the public that the Times bookstore is bad and QB World bookstore is the best. It is very poorly written and biased, and is aimed at discrediting Times rather than giving the public useful and...

New charges filed against Estrada

New charges filed against Estrada MANILA (AP): The Justice Department filed a new criminal complaint on Friday against former president Joseph Estrada after an estranged friend claimed the ousted leader extorted and borrowed 346 million pesos ($7.2 million) without paying it back.

DLLAJ rebukes 25 taxi firms

DLLAJ rebukes 25 taxi firms JAKARTA (JP): The City Land Traffic Transportation Agency (DLLAJ) will issue a third warning to 23 taxi companies and a second warning to another two firms for failing to renew and operate their fleets.

Indonesia to import 2m tons of corn this year

Indonesia to import 2m tons of corn this year JAKARTA (JP): Indonesia will import about 2 million tons of corn this year to meet the surge in the demand from animal feed industries and food producers, according to the Indonesian Seedling Association (Asbenindo).

Subcontracting law must not be antimarket

Subcontracting law must not be antimarket By Edy Priyono JAKARTA (JP): There have been reports on the government's plan to formulate a draft law on subcontracting. Generally speaking, this step should be welcomed for two reasons.

Fire victims cry for help

Fire victims cry for help JAKARTA (JP): More than 80 poor families living in the densely populated area of Krukut, West Jakarta, whose houses were gutted in a fire late on Thursday are desperately seeking help.

Soccer training to begin in August

Soccer training to begin in August SEMARANG (JP): The Soccer Association of Indonesia (PSSI) is expected to hold its training program for the Southeast Asian (SEA) Games in Kuala Lumpur in August because team members are still competing in the 2001 Bank Mandiri national soccer league.

Medical worker's story of Maluku's civil war

Medical worker's story of Maluku's civil war By Santi W.E. Soekanto JAKARTA (JP): Orthopedic surgeon Basuki Supartono and his wife Prita Kusumaningsih, a gynecologist, knew what lay in store when last September they both agreed to participate in a residency program conducted by the Ministry of...

RP rejects 15 containers of European meat

RP rejects 15 containers of European meat MANILA (AFP): The Philippines will ship back tons of meat and meat products from Ireland, Germany and the Netherlands as part of a ban on the European imports, officials said Friday.

Malaysia palm oil futures end lower as covering dies down

Malaysia palm oil futures end lower as covering dies down KUALA LUMPUR (Reuters): Malaysian palm oil futures ended lower on Friday after short covering eased and the government denied it was intervening to support prices.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Light Ornaments, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), until March 24. * Painting Hanafi 2001, Galeri Minima - Maxima, Jl. Sultan Iskandar Muda 88D, Arteri Pondok Indah, 10:30 a.m. to 6:30 p.m., until March 20.

Telkom books 15% increase in net profit

Telkom books 15% increase in net profit JAKARTA (JP): Publicly-listed telecommunications company PT Telekomunikasi Indonesia announced on Friday a 15 percent increase in its net profit in 2000 to Rp 2.54 trillion ($258.2 million) compared to Rp 2.2 trillion the previous year.

The tragedy of the Sampit anarchy

The tragedy of the Sampit anarchy By James Van Zorge JAKARTA (JP): The tale is one of anarchy: Decapitation, rites of cannibalism, disemboweled corpses. Unfortunately, these are the images and horrid scenes that are now synonymous with Indonesia in foreign bedrooms and boardrooms.

Ulemas council defuses fear of anthrax

Ulemas council defuses fear of anthrax JAKARTA (JP): Amid fears of disease and infected livestock, the Jakarta office of the Indonesian Council of Ulemas (MUI) on Friday urged Muslims not to be afraid to slaughter cattle and goats for Monday's Idul Adha Islamic Day of Sacrifice.

Tourist arrivals fall but outlook remains promising

Tourist arrivals fall but outlook remains promising JAKARTA (JP): Tourist arrivals through the 13 ports of entry to Indonesia suffered a 2.65 percent decline in January this year to 330,094 visitors, compared to the previous month, the Central Bureau of Statistics (BPS) said on Friday.

Indofood confident of recouping bank collateral

Indofood confident of recouping bank collateral JAKARTA (JP): Publicly listed food producer PT Indofood Sukses Makmur said on Friday it was unconcerned over the status of US$50 million in collateral pledged for loans provided to its subsidiary companies, amid worries over the prospect of recouping...