Indonesian Political, Business & Finance News

Archive: 30 March 2001

68 articles found

Nazar verdict criticized as politically motivated

<p>Nazar verdict criticized as politically motivated</p><p> JAKARTA (JP): The guilty verdict handed down to Aceh Referendum Information Center (SIRA) chief Muhammad Nazar drew condemnation on Thursday with some saying the trial, criticized as a political maneuver which made Nazar...

Gus Dur had better step down

<p>Gus Dur had better step down</p><p>From Rakyat Merdeka</p><p>The fact that the number of Indonesian refugees in Indonesia is close to one million people has badly wounded our nationalism and humanity, the two qualities which we have maintained all these years.

Rupiah rate March 29

<p>Rupiah rate March 29</p><p> Bank notes rates TT rates</p><p> Buying Selling Buying Selling</p><p> Rp Rp Rp Rp</p><p> U.S. dollar 1 9,852.00 10,852.00 10,300.00 10,404.00</p><p>Australian dollar 1 4,854.08 5,352.21 5,074.81 5,131.

Hyundai rescue approved

<p>Hyundai rescue approved</p><p> SEOUL (AFP): Creditors on Thursday approved a US$2.2 billion aid package to keep Hyundai Engineering and Construction Co. (HEC) alive, bank officials said.

S'pore jails seven Falungong members

<p>S'pore jails seven Falungong members</p><p> SINGAPORE (Reuters): A Singapore court sentenced seven members of the Falungong spiritual movement to four weeks in jail on Thursday for obstructing police and fined eight others for holding a rally without a permit.

Women protest at U.S. Embassy

<p>Women protest at U.S. Embassy</p><p> JAKARTA (JP): Some 50 women grouped in the Women's Coalition staged a rally in front of the American Embassy on Jl. Medan Merdeka Selatan, Central Jakarta, on Thursday to demand the U.S. withdraw its support of the Indonesian Military.

Wiranto denies responsibility in Trisakti shooting incident

<p>Wiranto denies responsibility in Trisakti shooting incident</p><p> JAKARTA (JP): Former Indonesian Military (TNI) chief Gen. (ret) Wiranto said on Thursday that he was not responsible for the shooting incident at the Trisakti University on May 12, 1998.

Gulf updates Bukit Tua-1 oil

<p>Gulf updates Bukit Tua-1 oil</p><p> CALGARY (Dow Jones): A test of perforations between 6,346 and 6,386 feet on the Bukit Tua-1 oil discovery flowed at a stabilized rate of about 4,450 barrels of oil a day through a one-inch choke.

Regions know what to do to develop themselves

<p>Regions know what to do to develop themselves</p><p> The following is the second of two articles on management, written by Owen Podger, a management consultant who for the past year has been team leader for an ADB-grant technical assistance to support decentralization.

Wowor speaks up on Bruneigate

<p>Wowor speaks up on Bruneigate</p><p> JAKARTA (JP): A businessman who acted as a mediator in the matter of the US$2 million donation to Indonesia made by the sultan of Brunei, amplified President Abdurrahman "Gus Dur" Wahid's explanation of the ensuing scandal on...

'Miss Congeniality' mixes satire and sentimentality

<p>'Miss Congeniality' mixes satire and sentimentality</p><p>By Joko E.H. Anwar</p><p> Miss Congeniality **1/2 (Out of ****); Comedy/Action, 109 minutes; Starring Sandra Bullock, Benjamin Bratt, Michael Caine, Candice Bergen, William Shatner; Directed by...

Lani hiding something about Tommy: Police

<p>Lani hiding something about Tommy: Police</p><p> JAKARTA (JP): City police detectives strongly suspect that model Lani Banjaranti, 27, gave false information to detectives in connection with the manhunt for fugitive Hutomo "Tommy" Mandala Putra.

Where to go in Jakarta:

<p>Where to go in Jakarta:</p><p> Exhibitions</p><p> * Italian Contemporary Art, Shapes of Mind, National Museum, Jl. Medan Merdeka Barat 12, Central Jakarta: (Phone: 3812346, 3868172), until April 7.

Palm oil production to dip this year

<p>Palm oil production to dip this year</p><p> The following is the first of two articles by Derom Bangun, who chairs the Indonesian Palm Oil Producers Association. The article is based on his recent address to Commex Malaysia's Palm and Lauric Oil conference and exhibition...

Soeharto still unfit to stand trial: Prosecutor

<p>Soeharto still unfit to stand trial: Prosecutor</p><p> JAKARTA (JP): Former president Soeharto remains unfit to stand trial despite some improvement in his health, the chief prosecutor handling a graft case in which the former ruler has been implemented said on Thursday.

Thai food festival held

<p>Thai food festival held</p><p> JAKARTA (JP): A Thai food festival is being held at the Senayan Cafe in Hotel Atlet Century Park, Central Jakarta, until Friday.</p><p>The hotel's executive chef, Y.

Rare performance of 'shamizen' instrument proves a big hit

<p>Rare performance of 'shamizen' instrument proves a big hit</p><p>Text and photo by Kartika Bagus C.</p><p> SURAKARTA, Central Java (JP): The small theater of the Indonesian Higher Learning Institute of the Arts (STSI) erupted in thunderous applause last...

Ginandjar admitted to hospital, evades questioning

<p>Ginandjar admitted to hospital, evades questioning</p><p> JAKARTA (JP): Former minister of mines and energy Ginandjar Kartasasmita was admitted to a hospital on Thursday, canceling a planned questioning session at the Attorney General's Office.

Danny Yuswanto earns GM Norm

<p>Danny Yuswanto earns GM Norm</p><p> JAKARTA (JP): Indonesian chess player International Master (MI) Danny Yuswanto finally achieved the Grand Master (GM) Norm on Thursday after collecting an additional 1.

Street kids a time bomb: Arroyo

<p>Street kids a time bomb: Arroyo</p><p> MANILA (AFP): At least 200,000 homeless children roam the mean streets of the Philippines, posing the risk of a "social time bomb" that could lead to more serious national problems, President Gloria Arroyo warned on Thursday.

Morris to boost production

<p>Morris to boost production</p><p> MALANG, East Java (JP): The local subsidiary of the United States-based cigarette company Phillip Morris will increase production by 20 percent to 60 million cigarettes a day this year from 50 million a day last year, a company's senior...

Producers of synthetic fiber to raise prices

<p>Producers of synthetic fiber to raise prices</p><p> JAKARTA (JP): Local synthetic fiber producers plan to raise the price of their products by between 5 percent and 13 percent in order to meet rising costs from the planned increase in fuel prices next month.

RP police accused of murder

<p>RP police accused of murder</p><p> MANILA (AFP): Rogue members of an elite anticrime police task force strangled a kidnapped publicist of former Philippine president Fidel Ramos and set fire to the corpse, officials said on Thursday.

Badminton body aims for two titles at Japan Open

<p>Badminton body aims for two titles at Japan Open</p><p> JAKARTA (JP): The Badminton Association of Indonesia (PBSI) aims to grab two titles in the upcoming five-star Japan Open tournament despite achieving disappointing results in the previous three opening events this year.

Be fair for once

<p>Be fair for once</p><p> Although I am a 'red-and-white' citizen inside-out, I still think that we cannot close our eyes to our own mistakes, negligence and indecisiveness. This is important for our own efforts in improving our performance.

SE Asia heading for slowdown, says World Bank

<p>SE Asia heading for slowdown, says World Bank</p><p> BANGKOK (DPA): Southeast Asia's export-based economies can expect slowdowns across the board this year, as their markets in the United States and Japan contract, the World Bank predicted on Thursday.

Can the ringgit peg remain sustainable?

<p>Can the ringgit peg remain sustainable?</p><p>By Simon Cameron-Moore</p><p> KUALA LUMPUR (Reuters): Malaysia has delivered a fiscal stimulus at the right time, but analysts are unsure whether it can induce enough growth to save the ringgit peg if a weak yen sparks...

Madurese and Dayak sign peace deal

<p>Madurese and Dayak sign peace deal</p><p> BANJARMASIN, South Kalimantan (JP): In order to prevent the spread of ethnic clashes between local Dayaks and Madurese migrants, a Dayak and a Madurese representing their respective communities inked a peace deal here on Wednesday.

Malaysia opposes RP role in dispute with RI

<p>Malaysia opposes RP role in dispute with RI</p><p> KUALA LUMPUR (AFP): Malaysia said on Thursday it will object to a move by the Philippines to intervene in its dispute with Indonesia over two islands being considered by the International Court of Justice.

Horse carts vs pedicabs

<p>Horse carts vs pedicabs</p><p> PALU, Central Sulawesi: At least 400 horse cart drivers have staged a protest in front of the provincial council building, demanding the administration ban mass operation of becak (pedicab) in the capital.

Prisoner of conscience

<p>Prisoner of conscience</p><p> It has been quite some time that any Indonesian has been put in jail for subversion against the state: The antisubversion law which president Sukarno decreed in the 1960s and which his successor, president Soeharto, was glad enough to maintain, was...

Pertamina mulls change in oil import policy

<p>Pertamina mulls change in oil import policy</p><p> SINGAPORE (Reuters): Indonesian state oil firm Pertamina is considering a change to the way it imports oil products by securing some barrels via an affiliated company, traders said on Thursday.

Rahman, Anis to defend titles

<p>Rahman, Anis to defend titles</p><p> SEMARANG (JP): M Rahman and Anis Roga will defend their Pan Pacific International Boxing Federation (IBF) titles in the mini- flyweight and the IBF Intercontinental junior flyweight divisions respectively in Jember, East Java, on April 3.

Secretary-general goes in education reshuffle

<p>Secretary-general goes in education reshuffle</p><p> JAKARTA (JP): The secretary-general for education was replaced on Thursday afternoon in a surprise reshuffle at the Ministry of National Education.

Six arrested for keeping weapon

<p>Six arrested for keeping weapon</p><p> JAKARTA (JP): City police arrested six men for illegal weapon possession on Thursday, during a routine check at the gates of the People's Legislative Assembly/House of Representatives (MPR/DPR) in Central Jakarta.

Cleanliness at Monas

<p>Cleanliness at Monas</p><p>From Bisnis Indonesia</p><p>Those who like to do physical exercises every Sunday at the National Monument (Monas) Square find the place uncomfortable now. Horse dung is lying around everywhere in this area.

Megawati bound for Sumatra

<p>Megawati bound for Sumatra</p><p> PALEMBANG, South Sumatra: Vice President Megawati Soekarnoputri is slated to visit South Sumatra province on Saturday for a two-day official trip.</p><p>South Sumatra administration spokesman Lexy Yoesman said on Thursday that the...

KONI seeks provinces' help for SEAG training

<p>KONI seeks provinces' help for SEAG training</p><p> JAKARTA (JP): The National Sports Council (KONI) has urged all provincial administrations to fulfill their financial commitments to athletes training for the Kuala Lumpur Southeast Asian (SEA) Games.

Heidelberger to become Indocement's majority owner

<p>Heidelberger to become Indocement's majority owner</p><p> JAKARTA (JP): Shareholders of publicly listed cement company PT Indocement Tunggal Prakarsa agreed on Thursday to a rights issue to allow German cement producer Heidelberger Zement AG to become the majority owner of...

Aceh disorder 'beyond police capability', says Widodo

<p>Aceh disorder 'beyond police capability', says Widodo</p><p> JAKARTA (JP): Indonesia's Military Chief Adm. Widodo A.S. defended on Thursday the government's plan to deploy troops to Aceh to quell the separatist movement.

Asian currencies mostly down; market dithers on MAS policy

<p>Asian currencies mostly down; market dithers on MAS policy</p><p> SINGAPORE (Dow Jones): Renewed weakness in the Japanese yen pressured most Asian currencies lower late Thursday, with the Singapore dollar leading the descent as it spiraled to fresh 38- month lows, cracking a...

Governor Sutiyoso calls for war against hoodlums

<p>Governor Sutiyoso calls for war against hoodlums</p><p> JAKARTA (JP): Concerned over brawls involving hoodlums in several areas in the capital, Governor Sutiyoso called for a concerted move against thugs, locally known as preman.

Mahathir slams rival for visiting pig farms

<p>Mahathir slams rival for visiting pig farms</p><p> KUALA LUMPUR (Agencies): Government criticism mounted against Malaysia's main Islamic opposition party on Thursday after Prime Minister Mahathir Mohamad accused one of its top officials of traipsing through...

Students warn of collapse

<p>Students warn of collapse</p><p> YOGYAKARTA: Some 30 students representing 12 universities in Yogyakarta marched to the provincial legislative council on Thursday to warn the country's political elite that the country was in danger of disintegrating.

PDI Perjuangan favors one parking operator

<p>PDI Perjuangan favors one parking operator</p><p> JAKARTA (JP): The Indonesian Democratic Party of Struggle (PDI Perjuangan) faction in the City Council urged the administration on Thursday to appoint only one private company to manage the city's on-street parking.

Government wins House's approval to raise telephone charges

<p>Government wins House's approval to raise telephone charges</p><p> JAKARTA (JP): The House of Representatives has given the go ahead to the government to raise telephone charges by about 45 percent over three years to help fixed-line operators cope with their rising...

'TPI' should be more professional

<p>'TPI' should be more professional</p><p>From Suara Karya</p><p>I was disappointed with the Special Dialog program aired by private television station TPI on March 19.

Ancol scandal clouds governor's accountability

<p>Ancol scandal clouds governor's accountability</p><p> JAKARTA (JP): Governor Sutiyoso, who is slated to deliver his accountability speech on Friday, has failed to fulfill his commitment to uphold the law because of his failure to resolve the controversy surrounding...

A touch of tradition at Sydney bridal service

<p>A touch of tradition at Sydney bridal service</p><p>Text and photo by Sonya Sandham</p><p> SYDNEY, Australia (JP): Cross-cultural relationships are on the rise in Australia, with the latest research showing 60 percent of people are ethnically diverse as a result of...

Akbar calls for political deal

<p>Akbar calls for political deal</p><p> JAKARTA (JP): With political rivals deadlocked over the proposition of impeaching President Abdurrahman "Gus Dur" Wahid, House of Representatives Speaker Akbar Tandjung urged his colleagues to seek a compromise by outlining a more...

OPEC may need to cough up more oil this year

<p>OPEC may need to cough up more oil this year</p><p> LONDON (Reuters): Confident oil cartel OPEC may have its finger on the pulse of world crude markets but already producers are coming under pressure to change policy again and lift supplies later this year.

Star Air set to commence flights by the end of May

<p>Star Air set to commence flights by the end of May</p><p> JAKARTA (JP): Privately-owned local airline PT Star Air will commence flights from Jakarta to Surabaya in East Java, Makassar in South Sulawesi, and Medan in North Sumatra, by the end of May.

Stock Exchange

<p>Stock Exchange</p><p>Stock prices on the Jakarta Stock Exchange (in rupiah) on March 29, 2001:</p><p> Shares Close Change Trading</p><p> Volume -------------------------------------------------------------- Ades Alfindo 1,275 -25 112,500 Adindo Foresta...

Gusmao rules out run for presidency

<p>Gusmao rules out run for presidency</p><p> DILI, East Timor (AP): After quitting East Timor's interim legislature in a bitter dispute over the shape of a new constitution, independence leader Xanana Gusmao announced Thursday that he will not compete in the nation's...

Trial of drug smuggler begins

<p>Trial of drug smuggler begins</p><p> TANGERANG (JP): Tangerang District Court in Banten commenced on Thursday the trial of a man charged with being part of an operation to smuggle 40 kilograms of shabu-shabu (crystal amphetamine) worth Rp 12 billion from Hong Kong.

Cacao growers lose Rp 90 billion to pests

<p>Cacao growers lose Rp 90 billion to pests</p><p> PALU, Central Sulawesi (Antara): Cacao growers in Indonesia's Central Sulawesi province suffered more than Rp 90 billion (about US$8.

Student, police clash claims life

<p>Student, police clash claims life</p><p> JAYAPURA, Irian Jaya: A man who was hit during an overnight clash between police and proindependence students died in hospital on Thursday, officials said.

Problems plague new online licensing system

<p>Problems plague new online licensing system</p><p> JAKARTA (JP): The new online system for endorsing corporate bodies is still having problems, with only 11 approvals by the Ministry of Justice and Human Rights since it started on March 1.

Immediate rehabilitation schemes needed for forests

<p>Immediate rehabilitation schemes needed for forests</p><p> JAKARTA (JP): Experts and environmentalists on Thursday asked the Interdepartmental Committee on Forestry (IDCF) to work on four schemes designed to safeguard the country's 142 million hectares of forest, 30...

Banks fail to meet CAR requirement

<p>Banks fail to meet CAR requirement</p><p> JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said that several recapitalized banks might not be able to meet the minimum 8 percent capital adequacy ratio (CAR) requirement by the end of this year.

Foreign gas stations blocked

<p>Foreign gas stations blocked</p><p> KUALA LUMPUR (Reuters): Malaysia has decided not to issue any more licenses to foreign oil companies to open new petrol stations locally, government officials said on Thursday.

Fishermen aghast with trawlers

<p>Fishermen aghast with trawlers</p><p> PADANG, West Sumatra: Thousands of traditional fishermen and owners of fishing platforms at Tiku Beach in Tanjung Kutiara district, Agam regency, are worried about the illicit operation of 30 trawlers in their area.

Malaysia, RI to harmonize palm oil export tax

<p>Malaysia, RI to harmonize palm oil export tax</p><p> KUALA LUMPUR (Dow Jones): Malaysia and Indonesia are working together to harmonize export taxes on palm oil products, Primary Industries Minister Lim Keng Yaik said Thursday.

BP Amoco likely to win LNG supply contract to China

<p>BP Amoco likely to win LNG supply contract to China</p><p> BEIJING (Dow Jones): BP Amoco PLC (BP) is likely to win the supply contract for China's first liquefied natural gas project, but will need to give up equity in its gas fields as part of the deal, the China Daily...

Surprise attack on striking workers leaves one dead

<p>Surprise attack on striking workers leaves one dead</p><p> JAKARTA (JP): Hundreds of workers of car upholstery producer PT Kadera AR Indonesia in Pulogadung industrial estate were attacked while on strike in the early hours of Thursday, leaving one dead and 11 injured.

Little magic at Happy Dragon

<p>Little magic at Happy Dragon</p><p> JAKARTA (JP): The Happy Dragon Fun Pub promises fun. It's right there in its name. And if promises were cherries, we'd all be eating pie.

RP to cut military presence in south

<p>RP to cut military presence in south</p><p> MANILA (AFP): Some military units will be withdrawn from Muslim areas of the southern Philippines after the country's largest Islamic rebel group agreed to a truce and peace talks, a senior general said on Thursday.

IMF confirms progress has been made in talks with government

<p>IMF confirms progress has been made in talks with government</p><p> JAKARTA (JP): International Monetary Fund Jakarta representative John Dodsworth confirmed on Thursday progress had been made in resolving differences with the government over key economic reform programs.