Archive: 11 April 2001
58 articles found
Wed, 11 Apr 2001, 00:00 WIB
Telkom responds
Telkom responds In response to the letter from Mr. Aziz Subiarto, Telkom and cable installation fraud, which was published in The Jakarta Post on April 2, 2001, we would like to thank him for his important feedback. We apologize that a new line around Taman Aries A 10/27 Rt 006/009 is still unavailable at the moment due to the limited capacity of the access network. Regarding the indoor cable that was installed, we recommend that it not be removed.
Wed, 11 Apr 2001, 00:00 WIB
Power sharing must top agenda: Akbar
Power sharing must top agenda: Akbar JAKARTA (JP): With confusion riding high on the feasibility of proposed talks between members of the country's political elite, House of Representatives Speaker Akbar Tandjung suggested on Tuesday that a power-sharing scheme top the meeting's agenda. Akbar, who also chairs Golkar Party, said acceptance of the power-sharing formula in the meeting would prevent the House from handing down a second memorandum of censure against President Abdurrahman Wahid.
Wed, 11 Apr 2001, 00:00 WIB
Indonesia could lose LNG contracts if Exxon still closed by July
Indonesia could lose LNG contracts if Exxon still closed by July JAKARTA (JP): Indonesia could lose its liquefied natural gas (LNG) contracts with Japan and South Korea if U.S.-based ExxonMobil Oil Indonesia Inc. remains unable to restart its gas operations in Aceh until June, state oil and gas company Pertamina warned on Tuesday.
Wed, 11 Apr 2001, 00:00 WIB
Sutiyoso asked to review chiefs of Pasar Jaya
Sutiyoso asked to review chiefs of Pasar Jaya JAKARTA (JP): City Council Commission B for economic affairs asked Governor Sutiyoso on Tuesday to review executives of city- owned market operator PD Pasar Jaya amid reports that councillors had asked for their "quota of space" at the rebuilt Glodok Plaza in West Jakarta. "We have asked the governor to review Pasar Jaya's board of directors due to poor performance," the commission's deputy chairman Agung Imam Sumanto said.
Wed, 11 Apr 2001, 00:00 WIB
SSI, Sigma jointly develop e-marketplace for electronics
SSI, Sigma jointly develop e-marketplace for electronics JAKARTA (JP) : PT Surya Semesta Internusa (SSI), a property company in cooperation with information and technology company Sigma Group will launch in July an e-marketplace especially designed for electronics products. The e-marketplace to be called e-glodokplaza.com will be operated by PT e-glodokplaza dotcom, which will invest a total of US$2 million to develop the project.
Wed, 11 Apr 2001, 00:00 WIB
Pertamina eyes 30% stake in Tuban petrochemical plant
Pertamina eyes 30% stake in Tuban petrochemical plant JAKARTA (JP): State oil and gas company Pertamina revealed on Tuesday that it planned to buy a 30 percent stake in PT Trans Pacific Petrochemical Indotama (TPPI), which is developing a petrochemical center in Tuban, East Java. Pertamina president Baihaki Hakim said the state oil company was waiting for the outcome of the Indonesian Bank Restructuring Agency (IBRA)'s evaluation of TPPI before filing its formal bid.
Wed, 11 Apr 2001, 00:00 WIB
President to issue decree to restore order in Aceh
President to issue decree to restore order in Aceh JAKARTA (JP): Minister of Defense Mahfud M.D. said on Tuesday President Abdurrahman Wahid would issue a presidential instruction to restore law and order in Aceh. He told journalists before a Cabinet meeting on political and security affairs that the instruction would outline a comprehensive approach to tackle separatism in Aceh.
Wed, 11 Apr 2001, 00:00 WIB
Ojek driver stabbed to death
Ojek driver stabbed to death BOGOR (JP): An ojek (motorcycle taxi) driver was found dead with severe stab wounds on Jl. Raya Narogong in Tlajung Udik village here on Tuesday morning. Bogor Police identified the victim as Arifin Siregar, 16, a resident of Pedati alley in the village. Police suspect that Arifin was killed during a robbery because his Yamaha Crypton was missing.
Wed, 11 Apr 2001, 00:00 WIB
Man nabbed for coin theft
Man nabbed for coin theft BOGOR (JP): A security guard apprehended on Monday a man for allegedly stealing money from a telephone box at the Indonesian Red Cross (PMI) General Hospital. Bogor Police seized Rp 52,000 in coins from the suspect, identified as 19-year old Danang Prasetyo from Mekarsari village in Cimanggis district. The security guard, Wardi, said he was on duty in front of the hospital's emergency unit at about 3 a.m.
Wed, 11 Apr 2001, 00:00 WIB
Anti-Japanese sentiment sweeps through S. Korea
Anti-Japanese sentiment sweeps through S. Korea SEOUL (Agencies): Anti-Japanese sentiment swept South Korea on Tuesday after the government withdraw its ambassador to Tokyo amid a mounting dispute over controversial history textbooks. Amid calls for a boycott of Japanese goods, school teachers organized special classes on Japan's wartime past which they have accused Tokyo of erasing from the textbooks.
Wed, 11 Apr 2001, 00:00 WIB
Japanese book dispute could cloud emperor's W. Cup visit
Japanese book dispute could cloud emperor's W. Cup visit SEOUL (AFP): South Korea's influential soccer chief has called for a political dispute with Tokyo over history textbooks to be ended to enable a historic visit by Japan's emperor for the World Cup next year.
Wed, 11 Apr 2001, 00:00 WIB
Shangri-La union executives resign after uncertain wait
Shangri-La union executives resign after uncertain wait JAKARTA (JP): Several executives of Shangri-La Independent Worker Union (SPMS) said on Tuesday that they decided to resign from the hotel, after striking for three months, as they were tired of waiting for uncertain settlement results. "We began to think about the future," one of the union's deputy chairmen, Denny Setiadi, said. Another deputy chairman Frits Risakota said that the striking workers had divided into two groups on March 31.
Wed, 11 Apr 2001, 00:00 WIB
President's supporters may face stern measures
President's supporters may face stern measures JAKARTA (JP): National Police Chief Gen. Surojo Bimantoro said security officers were ready to deal with all kind of anarchic activities in the country and would not hesitate to take stern measures against any parties involved. "I reported to the Vice President that we were prepared to deal with all kinds of security situations," Bimantoro said on Tuesday after a meeting with Vice President Megawati Soekarnoputri in her office.
Wed, 11 Apr 2001, 00:00 WIB
RI keeps Fed Cup winning streak
RI keeps Fed Cup winning streak JAKARTA (JP): Indonesia clinched another 3-0 victory over New Zealand on Tuesday in the Fed Cup Asia Oceania Group One qualifying round at the Yang Min Tennis Center in Kao Hsiung, Chinese Taipei. Romana Tedjakusuma, Indonesia's No. 2 women's singles player, started the onslaught by crushing Leanne Baker 6-1, 6-1 in the first match. Indonesia's top women's singles player Wynne Prakusya followed the victory by defeating Shelly Stephens 6-0, 6-3.
Wed, 11 Apr 2001, 00:00 WIB
Ansor member quizzed over shoot-out
Ansor member quizzed over shoot-out JAKARTA (JP): The suspended deputy treasurer of the Ansor Muslim Youth Movement, Aris Junaidi, was quizzed on Tuesday at a Jakarta military police (Pomdam) office in connection with the April 1 fatal shoot-out outside the Muslim organization's headquarters in Kramat, Central Jakarta. Aris was tight-lipped after the questioning, but city military police chief Col.
Wed, 11 Apr 2001, 00:00 WIB
Altered medical treatment
Altered medical treatment Recently Bapak S, one of my relatives, went to see Dr. SS, a urologist in Bandung, for abdominal pain. After he had been checked by USG etc., Dr. SS said that the former would be treated by laser to remove kidney stones, and so the patient should be hospitalized for about four days. The patient's daughter agreed and signed an authority.
Wed, 11 Apr 2001, 00:00 WIB
Army begins campaign to save the nation
Army begins campaign to save the nation JAKARTA (JP): The Indonesian Army launched on Tuesday a major public awareness campaign with a moral appeal to the people to save the nation, which it claims is on the brink of disintegration. The Army distributed posters depicting four children of different ethnic backgrounds, with a caption that reads mau dibawa kemana kami (where are you taking us?), and a sub-caption selamatkan masa depan kami (save our future). Army chief of staff Gen.
Wed, 11 Apr 2001, 00:00 WIB
Students admit to being used by political elite
Students admit to being used by political elite JAKARTA (JP): Antigovernment student groups admitted on Tuesday to have been manipulated by the political elite at the legislature to topple President Abdurrahman "Gus Dur" Wahid, but said they would remain critical of the government.
Wed, 11 Apr 2001, 00:00 WIB
Indonesia now a nation on autopilot
Indonesia now a nation on autopilot There is one last opportunity as the crisis hits rock bottom, writes analyst Jusuf Wanandi of the Jakarta-based Centre for Strategic and International Studies. JAKARTA (JP): Indonesia is now on autopilot, with nobody really in charge. Things are so messy because there is no leadership.
Wed, 11 Apr 2001, 00:00 WIB
RI forex reserves increase
RI forex reserves increase JAKARTA (JP): Indonesia's net foreign exchange reserves rose US$88.7 million to $28.76 billion as of April 6 from $28.67 billion on March 30, according to Bank Indonesia. The central bank said in its latest weekly report on Tuesday the rise was due to revenue from oil and gas exports.
Wed, 11 Apr 2001, 00:00 WIB
Amien will make a good leader
Amien will make a good leader I refer to the letter by Mrs. Hilde May that was published in The Jakarta Post on April 10, 2001 titled Amien a real disappointment. Bapak Amien, as a member of the public, votes a new leader into power in an election. If the leader becomes corrupted once he is in office, are we to blame for his wrongdoings? Bapak Amien is against corruption. To be fair and unbiased, why don't you interview him? Many believe he will make a good leader.
Wed, 11 Apr 2001, 00:00 WIB
Rupiah rate April 10
Rupiah rate April 10 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Wed, 11 Apr 2001, 00:00 WIB
Handle Indonesia with care
Handle Indonesia with care By Santi W.E. Soekanto JAKARTA (JP): By any standard, Indonesia is an improbable country. It is a wonder how it has been able to withstand for so long the polarizing forces that have always accompanied its existence. British economist Anne Booth wrote in 1996 about how the very improbability of such a huge and heterogeneous collection of islands forming itself into a single country was once a source of national pride. Not anymore, according to many Indonesians.
Wed, 11 Apr 2001, 00:00 WIB
2,000 cubic meters garbage a day uncollected: Official
2,000 cubic meters garbage a day uncollected: Official JAKARTA (JP): About 2,000 cubic meters of a total 25,000 cubic meters of the city's household garbage can not be transported to the city's garbage dump in Bantar Gebang, Bekasi, due to lack of garbage trucks, an official said on Tuesday. "The trash is left untransported, some is dumped in rivers (by residents)," the city's sanitary agency deputy chairman, P.J. Sugiono Soewahjo, told reporters.
Wed, 11 Apr 2001, 00:00 WIB
Wife, daughter found murdered in their home
Wife, daughter found murdered in their home JAKARTA (JP): A mother and her daughter were murdered inside their home at the Wisma Jaya housing complex in Pondok Aren, East Bekasi, on Monday evening, police and hospital officials said on Tuesday. Agustina Rahayu, 44, was found dead at home with severe stab wounds, while her three-year-old daughter, Rizki Indrajati, was found dead with strangulation marks around her neck.
Wed, 11 Apr 2001, 00:00 WIB
APP to form debt committee
APP to form debt committee JAKARTA (AFX-ASIA): Asia Pulp & Paper Co said its creditors have agreed to the establishment of informal committees as part of the process of drafting of a debt restructuring plan. "Informal committees representing our bank, export credit agency and trading company creditors have been formed. An informal committee representing holders of a substantial portion of our bond indebtedness has also been formed," APP chief financial officer Hendrik Tee said.
Wed, 11 Apr 2001, 00:00 WIB
FIFA warns PSSI over use of firecrackers
FIFA warns PSSI over use of firecrackers JAKARTA (JP): The international soccer body (FIFA) warned the Soccer Association of Indonesia (PSSI) about the unruly behavior of local sports fans when Indonesia hosted the 2002 World Cup Asia zone Group Nine qualifying match at Bung Karno stadium in the Senayan sports complex on Sunday.
Wed, 11 Apr 2001, 00:00 WIB
ASEAN ministers to meet
ASEAN ministers to meet BANGKOK (Reuters): Economic ministers of the 10-member Association of South East Asian Nations (ASEAN) will meet in a northern Cambodian town of Siem Reap from May 3 to 5, the Thai commerce ministry said Tuesday. A ministry official told Reuters an informal meeting, known as a retreat, would be held on March 3. The ministers would meet their counterparts from China, Japan, and South Korea on May 4.
Wed, 11 Apr 2001, 00:00 WIB
BP expects LNG project to begin 2nd quarter 2002
BP expects LNG project to begin 2nd quarter 2002 JAKARTA (JP): British-American oil and gas company Beyond Petroleum (BP), formerly British Petroleum, expects the construction of the Tangguh liquefied natural gas (LNG) project in Irian Jaya to start in the second quarter of next year, a company official said on Tuesday.
Wed, 11 Apr 2001, 00:00 WIB
Prijadi sees no big problems affecting IMF review
Prijadi sees no big problems affecting IMF review JAKARTA (JP): The government could not see any major problems affecting talks with the visiting International Monetary Fund (IMF) mission scheduled to start on Wednesday, Minister of Finance Prijadi Praptosuhardjo said on Tuesday. The finance minister said that the government had basically met all requirements demanded by the IMF. "I don't see any big problems ... because the requirements have been fulfilled," he told reporters.
Wed, 11 Apr 2001, 00:00 WIB
Class action against Pertamina to go on
Class action against Pertamina to go on JAKARTA (JP): The Central Jakarta District Court decided on Tuesday to continue the trial of a class action lawsuit filed against the state-owned Pertamina oil and gas company, demanding the company annul its "arbitrary" decision to increase the price of liquefied petroleum gas (LPG) by 40 percent.
Wed, 11 Apr 2001, 00:00 WIB
Telkom, Miller to jointly organize IT exhibition
Telkom, Miller to jointly organize IT exhibition JAKARTA (JP): State-owned PT Telekomunikasi Indonesia (Telkom) and International trade expo organizer Miller Freeman-CMP will jointly organize an international conference and exhibition on information technology in Jakarta later this year.
Wed, 11 Apr 2001, 00:00 WIB
Travel ban on Soeharto extended
Travel ban on Soeharto extended JAKARTA: The Attorney General's Office has extended the travel ban against former president Soeharto for another year in order to facilitate the legal proceedings against him, as he faces trial on corruption charges. Spokesman Muljohardjo said on Tuesday that the extension of the travel ban, which would take effect on April 12, was imposed to avoid any chance of the defendant escaping trial.
Wed, 11 Apr 2001, 00:00 WIB
New steps planned to boost tax payment
New steps planned to boost tax payment JAKARTA (JP): Credit card holders with a billing ceiling of more than Rp 10 million (US$952) will be required to have a tax identification number (NPWP) and to file annual income tax returns, Director General of Taxes Hadi Purnomo said on Tuesday. He added that people purchasing cars worth more than Rp 200 million would also be required to have an NPWP.
Wed, 11 Apr 2001, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 10, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,100 0 81,000 Adindo Foresta 95 5 74,500 AGIS 180 0 1,058,500 Alakasa 110 0 0 Alfa Retailindo 1,250 0 172,500 Alter Abadi 85 0 0 Alumindo Light 625 0 0 Andhi Chandra 1,900 0 145,000 Aneka Kimia Raya 220 0 0 Aneka Tambang 850 0 753,500 Anwar Sierad 300 0 0 Apac Citra 295 15 500 Aqua Golden 15,000 0...
Wed, 11 Apr 2001, 00:00 WIB
Chronic asthma is a treatable condition
Chronic asthma is a treatable condition By Donya Betancourt SANUR, Bali (JP): As the world develops, the incidence of noninfectious diseases such as asthma has risen. While asthma is the most common chronic illness of childhood, it can occur at any age. People with asthma are among those most often visiting the emergency room, hospitalized and missing work or school. Asthma cannot be cured, but it is a treatable disease.
Wed, 11 Apr 2001, 00:00 WIB
Where to go in Surabaya:
Where to go in Surabaya: Film The British Film Festival 2001, at Mitra 21 Theater: 1:30 p.m., 4 p.m., 6:45 p.m., 8:15 p.m., April 28, 2 p.m., 4:15 p.m., 6:30 p.m., 8:15, April 29. Further information is available at (031) 568-9958, http://www.britishcouncil.or.id/arts/bff_schedule.htm. Music and Entertainment * Hotel Majapahit, Mandarin Oriental, Jl. Tunjungan 65 (Phone: 031 545 4333) - Indigo Restaurant and Bar: Acoustic Quartet, nightly 7:30 p.m. to 10 p.m. except Wednesday.
Wed, 11 Apr 2001, 00:00 WIB
Police arrest suspects in PT Kadera attack
Police arrest suspects in PT Kadera attack JAKARTA (JP): City Police have named two suspects in connection with their alleged involvement in a recent attack on striking workers of car upholstery producer PT Kadera AR Indonesia (KAI). Outgoing City Police chief of detectives Sr. Comr. Harry Montolalu said on Tuesday the two men, identified only as Husen and Ismael, were arrested in Serang, Banten on Monday. The attack took place on Feb.
Wed, 11 Apr 2001, 00:00 WIB
Three students arrested, two injured
Three students arrested, two injured BANDUNG: Three students from Bandung's Pendidikan Indonesia University (UPI) were taken into police custody and two other students from Parahyangan University were injured during a brawl over a volley ball match, an official said on Tuesday. Bandung Regional Police chief Sr. Comr. Timur Pradopo told The Jakarta Post by phone from Bandung that as of Tuesday afternoon the situation was under control.
Wed, 11 Apr 2001, 00:00 WIB
Quick recap of events of 2001
Quick recap of events of 2001 From Panji The hustle and bustle of politics has become a daily cause for concern these days. The political tone for 2001 has been set, and it's not very pleasing to the ears. This is clear from the maneuvers of the House of Representatives through its committee investigating the Bulog Brunei scandals, which gave birth to the first memorandum of censure.
Wed, 11 Apr 2001, 00:00 WIB
Newmont says its mining doesn't pollute the sea
Newmont says its mining doesn't pollute the sea SINGAPORE (Dow Jones): Indonesia's PT Newmont Nusa Tenggara Tuesday denied accusations that tailing from its Batu Hijau copper and gold mining operations pollute the sea in the Indian Ocean. The operations' disposal system has been categorically proven that it poses no harm to the environment, and is permitted in the U.S. and Canada, spokesman Edward Pressman told Dow Jones Newswires.
Wed, 11 Apr 2001, 00:00 WIB
Albert misses Golden Gloves
Albert misses Golden Gloves SEMARANG (JP): Veteran boxer Albert Papilaya missed the light heavyweight semifinals match of the Golden Gloves championships on Tuesday because he had to attend the Police Staff and Leadership School (Sespimpol) in Bandung. Albert works as a police officer during the day and was required at the school in order to be given promotion in the force. His absence enabled Dedy Wikaso of West Java to cruise through to the final bout.
Wed, 11 Apr 2001, 00:00 WIB
Legal status of investigation of Ginandjar questioned
Legal status of investigation of Ginandjar questioned JAKARTA (JP): The South Jakarta District Court began on Tuesday the hearing over the legal status of Attorney General Marzuki Darusman's investigation of former minister of mines and energy Ginandjar Kartasasmita for his alleged involvement in corruption.
Wed, 11 Apr 2001, 00:00 WIB
PBSI moves Indonesia Open to Jakarta
PBSI moves Indonesia Open to Jakarta JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has decided to move the US$170,000 Sanyo Indonesia Open from Surabaya to Jakarta due to reasons of security and sponsorship. "Sanyo, as the main sponsor of the event, had requested PBSI to relocate the event from Surabaya to Jakarta because the company decided to focus its marketing campaign here," PBSI secretary general Leo Chandra Wiranata told reporters on Tuesday.
Wed, 11 Apr 2001, 00:00 WIB
Brimob officers return to their base
Brimob officers return to their base SAMPIT, Central Kalimantan (JP): Around 240 Police Mobile Brigade (Brimob) officers were withdrawn on Tuesday from Sampit, the capital of East Kotawaringin regency, following a massive rally staged by the local Dayak community, during which one man was shot dead. National Police spokesman Insp. Gen. Didi Widayadi confirmed the withdrawal, saying it was part of "a standard rotation" and was not related to Monday's protest.
Wed, 11 Apr 2001, 00:00 WIB
Getting what you pay for with Kinokawa's supreme sushi
Getting what you pay for with Kinokawa's supreme sushi By Laksmi Pamuntjak JAKARTA (JP): Hardly a day goes by since I first went to Kinokawa that I don't think of going back. For it does the best sushi and sashimi you will find for hundreds of miles in any direction. And this means at least four things.
Wed, 11 Apr 2001, 00:00 WIB
Foreign advisors and consultants as catalysts
Foreign advisors and consultants as catalysts By Donna K. Woodward MEDAN, North Sumatra (JP): Indonesian government ministries, non government organizations, and private corporations are awash with expatriate advisors, consultants, and technical experts engaged to supplement local expertise in problem-solving and national development. Expatriates might no longer dominate the consulting field in numbers, but they likely still do so in terms of remuneration given and the status accorded them.
Wed, 11 Apr 2001, 00:00 WIB
French dance to be performed
French dance to be performed JAKARTA (JP): The public will once again be able to enjoy a contemporary dance performance: Ignis, choreographed by Gladys Sanchez from France. The performance on Wednesday at 8 p.m. at Teater Luwes, Institut Kesenian Jakarta, will be performed by dancers Gladys Sanchez, Emmanuelle Beauvois and Nathalie Auger. Sanchez collaborated with Eric Wurtz, a French lighting designer, in Ignis.
Wed, 11 Apr 2001, 00:00 WIB
Miyazawa wary over idea of single Asian currency
Miyazawa wary over idea of single Asian currency TOKYO (Reuters): Finance Minister Kiichi Miyazawa said on Tuesday Japan should tread cautiously toward forming a single Asian currency, saying there was little point in promoting the idea when not all countries in the region were enthusiastic. Asian nations have been trying to strengthen their ties to prevent a repeat of the region's 1997 financial crisis, and the single currency is one idea.
Wed, 11 Apr 2001, 00:00 WIB
Endoscopy helps in fighting liver disease
Endoscopy helps in fighting liver disease By Maria Kegel JAKARTA (JP): Endoscopy is providing new solutions in the fight against liver disease, and in a country where up to one in five people are believed to have hepatitis B antibodies, medical authorities hope to make the procedure more accessible despite a lack of funding.
Wed, 11 Apr 2001, 00:00 WIB
Asia poised to take lead in wireless technology
Asia poised to take lead in wireless technology SINGAPORE (AFP): Asia is well positioned to take the lead in the application of wireless Internet technology, having the highest number of mobile phone users worldwide, experts told a regional technology conference Tuesday.
Wed, 11 Apr 2001, 00:00 WIB
Indonesia has 6.8 million malnourished babies
Indonesia has 6.8 million malnourished babies JAKARTA (JP): A pediatrician aired concerns on Tuesday that Indonesia will see a miserable younger generation in future coming years following revelations that at least 6.8 million babies are currently suffering from malnutrition here. Indonesian Society of Pediatricians (IDAI) chairman Jose R.L.
Wed, 11 Apr 2001, 00:00 WIB
Spices not just skin deep at Ayam Bakar Ganthari
Spices not just skin deep at Ayam Bakar Ganthari JAKARTA (JP): Grilled chicken is such a popular dish in Indonesia that many provinces have their own special ways to prepare the meal. We visited a famous sidewalk eatery in the Blok M area that offers grilled chicken a la East Java. Ayam Bakar Ganthari: Opened about six years ago, the makeshift restaurant is located right between Jl. Bulungan and Jl. Mahakam, facing the back entrance of Blok M Plaza.
Wed, 11 Apr 2001, 00:00 WIB
Repressive political, security policies imposed in Abepura
Repressive political, security policies imposed in Abepura JAKARTA (JP): Repressive political and security policies continued to be imposed in Irian Jaya province, as indicated by the use of violence in handling last December's public disorder, a human right commission stated on Tuesday.
Wed, 11 Apr 2001, 00:00 WIB
IMF foresees economic recovery for RP
IMF foresees economic recovery for RP MANILA (AFP): The International Monetary Fund (IMF) said Tuesday it expects the Philippine economy to pick up this year but only if it pushes through with crucial reforms, particularly on its fiscal sector. "We share the authorities' view that the recent rebound in confidence, coupled with peso stability and lower interest rates, will suport a pickup in economic activity this year," said Markus Rodlauer, head of an IMF delegation visiting here.
Wed, 11 Apr 2001, 00:00 WIB
PM Thaksin says bombs the work of kidnappers
PM Thaksin says bombs the work of kidnappers BANGKOK (Agencies): Thai Prime Minister Thaksin Shinawatra came up with a new theory on Tuesday to explain a spate of bombings that killed a child and wounded dozens of people over the weekend. Thaksin told reporters the people who planted the bombs, for which no one has claimed responsibility, were "kidnappers" who simply wanted protection money from the owners of places or firms they had targeted.
Wed, 11 Apr 2001, 00:00 WIB
Thaksin denies breaking the law
Thaksin denies breaking the law BANGKOK (Reuters): Lawyers for Thai Prime Minister Thaksin Shinawatra denied on Tuesday accusations that he broke the law by hiding his assets and argued his wife was responsible for handling all his business affairs. Thailand's Constitutional Court heard its third day of evidence on Tuesday to decide whether to uphold a ruling by the National Counter Corruption Committee (NCCC) that Thaksin filed false asset returns when he was a minister in the 1990s.
Wed, 11 Apr 2001, 00:00 WIB
Here they come
Here they come The long-awaited review team from the International Monetary Fund (IMF) arrived here on Tuesday to conduct a two-week comprehensive evaluation of Indonesia's economic reforms, which were stipulated in the government's letter of intent (LoI) to the multilateral agency last September. The team's arrival itself, which had been delayed since December, should be good news to the market, amid the escalating political uncertainty and weakening rupiah.