Indonesian Political, Business & Finance News

Archive: 20 April 2001

53 articles found

Vietnam reform, less red tape, to draw investors

Vietnam reform, less red tape, to draw investors HANOI (Reuters):Communist Vietnam said on Thursday that economic reform, less bureaucracy, and a U.S. trade agreement that has still to be ratified, would bring back foreign investors in the next five years. Minister for Planning and Investment Tran Xian Gia predicted in an interview that foreign investment would soon return to levels not seen since a mid-1990s boom.

Govt plans amendment to anticorruption law

Govt plans amendment to anticorruption law JAKARTA (JP): The government will submit an amendment bill on anticorruption, which will include the reverse investigation system, even though it has been opposed by some legislators at the House of Representatives, Attorney General Marzuki Darusman said on Thursday.

Cost to obtain licenses

Cost to obtain licenses A company establishing a limited liability company needs to comply with the prevailing rules and regulations, among others the need to obtain approval from the Ministry of Justice and Human Rights. The ministry has established an integrated administration system called SISMINBAKUM with the objective of providing better service.

Int'l school donates clothing

Int'l school donates clothing JAKARTA (JP): The Gandhi Memorial International School donated here on Thursday Rp 28 million and two van loads of clothing and stationery to Yayasan Bintang Pancasila. Each year students at the school voluntarily donate money and provisions for street children. The donation was part of the school's Indonesian Day program, commemorating the birth of national hero Ibu Kartini, which falls on April 21.

Rupiah Rates April 19

Rupiah Rates April 19 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Bogor, ITB sign agreement

Bogor, ITB sign agreement BOGOR (JP): The local administration has enlisted the Bandung Institute of Technology (ITB) in its fight against such long- standing problems as untransported garbage, pollution, traffic jams and street vendors. "Through this cooperation, we hope ITB can encourage people to broaden their knowledge and understand technology," Mayor Iswara Natanegara said after signing a 10-year cooperation agreement with ITB, represented by rector Lilik Hendrajaya.

Shuttler Flandy eyes SEAG gold

Shuttler Flandy eyes SEAG gold JAKARTA (JP): National men's doubles shuttler Flandy Limpele expressed eagerness to win the Kuala Lumpur Southeast Asian (SEA) Games gold medal after his failure in the final two years ago. "I personally hope to win the gold medal this year. I intend to take revenge after only earning a silver at the 1999 Games in Brunei Darussalam," said Flandy at the sidelines of the physical test at the Madya Stadium at Bung Karno Sports Complex, Central Jakarta, Thursday.

Students demand Marzuki resign

Students demand Marzuki resign JAKARTA (JP): Dozens of students from the Alliance of Indonesian Students Formal Bodies (Alfonso) rallied at the Attorney General's Office on Thursday, to demand Attorney General Marzuki Darusman step down. The students accused the attorney general of failing to uphold law and justice. "Corruption should be declared the public's biggest enemy and the supremacy of the law should be placed above all else in the country," a student said in a speech.

Malaysia honors Michelle Yeoh

Malaysia honors Michelle Yeoh KUALA LUMPUR (AFP): Malaysia's favorite leading lady Michelle Yeoh has been awarded a title by the sultan of her home state, newspapers reported on Thursday. Yeoh starred in the James Bond movie Tomorrow Never Dies and had a leading role in the Oscar-winning movie Crouching Tiger, Hidden Dragon. The Sultan of Perak, her home state, was due to confer the title of "datuk" later Thursday. The award is the third highest in Malaysia's honors system.

Soundscape an opportunity to open up our ears

Soundscape an opportunity to open up our ears By Y. Bintang Prakarsa JAKARTA (JP): If you were asked to reflect on the sounds of Jakarta, what would you think of? The terrible traffic, the hum that comes from the office wall, the blaring speakers in shopping malls, the haranguing politicians? Is that all? Many more sounds evade our ears simply because we, who suffer from constant sound harassment, have trained ourselves to desensitize our hearing.

Labor woes aplenty

Labor woes aplenty What is a manpower minister's primary job? The answer that first comes to most people's minds seems simple enough. First and foremost, as his title indicates, it is to oversee labor relations in this country, especially to protect workers against exploitation by miserly employers, and then to let the market's supply and demand mechanisms take care of the rest.

ADB targets $1b loan for Indonesia

ADB targets $1b loan for Indonesia JAKARTA (JP): The Asian Development Bank (ADB) expects to extend about US$1 billion in new loans to Indonesia this year, with at least 40 percent of the funds directed to poverty alleviation programs. ADB deputy director for the Indonesian resident mission, David Jay Green, said on Thursday that the funds were part of ADB's loan pledged during last year's meeting of the Consultative Group on Indonesia (CGI).

Reinterpreting the role of women

Reinterpreting the role of women By Abdul Munir Mulkhan JAKARTA (JP): The position of Vice President Megawati Soekarnoputri is interesting for Islamic discourse, as the woman now stands an excellent chance of being elevated to the presidency. Of particular interest is the differences of opinion among Muslims in Indonesia. According to the stereotypical view, those considered strict adherents of the religion are the santri, and those considered to have a looser adherence to Islam are the abangan.

SEAG windsurfers try out in Lombok

SEAG windsurfers try out in Lombok JAKARTA (JP): The Indonesian windsurfing team is heading to Lombok, West Nusa Tenggara, to have a tryout for the Kuala Lumpur Southeast Asian (SEA) Games in September. I Gusti Made Oka Sulaksana, Wayan Winata, Faddly Faizal, M Arianto, Nanang Suhendi, Junaedi and Eny Wiliyanti are currently training at Semawang Beach in Sanur, Bali. "The tryout is very important to avoid boredom after three months of training in Semawang.

Ersatz Irish bar fails to green Kuningan

Ersatz Irish bar fails to green Kuningan JAKARTA (JP): A recent piece in The Irish Times reported that Dublin was the only city in Europe that had a declining population of traditional Irish pubs. Elsewhere, however, the Irish pub phenomena has taken off in a big way and such establishments are to be found in just about every major city in the world.

Sony plans Thai expansion

Sony plans Thai expansion TOKYO (DPA): Sony Corporation said on Thursday the company plans to invest about 2.5 billion yen (US$20 million) to its semiconductor chip plant in Thailand to boost annual output by 20 per cent to 47 million units in 2001. A spokesman at Sony said the company will increase production capacity by adding new machines at its Pathum Thani plant, which is run by its subsidiary Sony Semiconductor Thailand Co. The plant produced 39 million units of chips in 2000.

ADB predicts strong Asian growth in 2002

ADB predicts strong Asian growth in 2002 TOKYO (AFP): Asia will remain at the top of the world growth league and will see a return to the good times by 2002, even if it has to absorb the impact of the slowdown in the U.S. economy, the Asian Development Bank said in its annual forecast published on Thursday.

Australia and East Timor poles apart on oil treaty

Australia and East Timor poles apart on oil treaty CANBERRA (Dow Jones): Australia and its fledgling northern neighbor East Timor remain poles apart on the vexing and as yet unsettled issues of boundaries and royalty shares from energy production in the Timor Sea.

7,000 city officials prepared for House plenary session

7,000 city officials prepared for House plenary session JAKARTA (JP): The city administration will deploy some 7,000 officials to anticipate possible unrest from the planned arrival of thousands of supporters of President Abdurrahman Wahid in the capital over the House of Representatives plenary session on April 30, an official said. The House plenary session is scheduled to issue a second memorandum of censure against the embattled President.

Philippine Moro rebels hail Indonesian offer to mediate

Philippine Moro rebels hail Indonesian offer to mediate ZAMBOANGA, Philippines (AFP): Moro separatist rebels in the Philippines welcomed on Thursday an offer by Indonesian President Abdurahman Wahid to mediate in peace talks with Manila. Moro Islamic Liberation Front (MILF) spokesman Eid Kabalu said his group was "very open to that offer," noting that Indonesia was an influential member of the Organization of Islamic Conference (OIC).

Mahathir says no to IMF role in currency swap plan

Mahathir says no to IMF role in currency swap plan KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad on Thursday reiterated Malaysia's objection to IMF surveillance in a regional currency swap plan designed to avert future financial crises.

JG Summit's investment plan

JG Summit's investment plan MANILA (AFX-ASIA): JG Summit Holdings Inc said it will explore more business opportunities abroad in an effort to ensure long- term growth and profitability. JG said in a report to the Securities and Exchange Commission that it intends to increase or make new investments in food companies in Malaysia, Indonesia, Thailand and China. It will also look at possible opportunities through Singapore's United Industrial Corp, in which it holds a 24.27 percent stake.

ASEAN needs to speak up on China-U.S. talks

ASEAN needs to speak up on China-U.S. talks BANGKOK: Members of the Association of Southeast Asian Nations (ASEAN) are watching on the sidelines of the China-United States spy-plane talks, which began yesterday in Beijing. Certainly, whatever the two superpowers have chosen to say and do, it is unlikely they would have the Southeast Asian region on their radar screen. It is up to ASEAN whether or not to speak out since the region also has a stake in this unfortunate development.

Asian oil demand growth reviewed

Asian oil demand growth reviewed SINGAPORE (Reuters): Slower economic growth, weaker regional currencies and high oil prices will cap incremental petroleum demand in Asia this year, according to a Reuters poll. The survey of nine analysts predicted Asia-Pacific oil demand will rise by 460,000 barrels a day (bpd) this year to an average 20.89 million bpd.

Drug trafficker arrested

Drug trafficker arrested JAKARTA (JP): Central Jakarta Police detectives arrested a man on Wednesday night for alleged trafficking of crystal methampethamine (shabu-shabu). The police's chief of detectives Comr. Angesta Romano Yoyol said on Thursday that the suspect, identified as Tata Aminata, 42, was apprehended in a Tanah Tinggi low-cost apartment in possession of 7 grams of shabu-shabu. Yoyol said Tata was suspected to have been operating out of the apartment for some time before the raid.

Motorbike thieves stab victim

Motorbike thieves stab victim JAKARTA (JP): Central Jakarta Police are looking for two men in connection with an armed robbery that left an ojek (motorcycle driver) injured on Thursday. The victim, Syahrul, 17, told The Jakarta Post at the Cipto Mangunkusumo Hospital, where he is receiving treatment for stab wounds to his stomach and neck, that the robbery took place at around 10.20 a.m. near Yarsi Hospital on Jl. Suprapto in Cempaka Putih subdistrict.

Telkom workers to hold rallies

Telkom workers to hold rallies JAKARTA (JP): Some 3,000 employees of state telecommunications company PT Telkom in Central Java and Yogyakarta have planned to stage rallies here to protest an agreement to sell assets in their office to their affiliated satellite provider, PT Indosat.

'Keep Fed Cup winning team for World Group'

'Keep Fed Cup winning team for World Group' JAKARTA (JP): National tennis coach Suzanna Anggarkusuma called on the Indonesian Tennis Association (Pelti) to keep the victorious Fed Cup team for the World Group qualifying round in July. "We have yet to evaluate their performance in last week's Group I play-off as the players are in Vietnam to compete in the WTA circuit and I have yet to hear from manager Martina Widjaja on the evaluation meeting," Suzanna told reporters on Thursday.

Govt to keep budget deficit at 3.7% of GDP

Govt to keep budget deficit at 3.7% of GDP JAKARTA (JP): The government plans to maintain the 2001 state budget deficit at around 3.7 percent of gross domestic product (GDP) by adjusting revenue and expenditure targets, according to Coordinating Minister for the Economy Rizal Ramli. "We are considering several measures to reduce the deficit ... We are working to achieve that target," Rizal said on Thursday in a response to a question raised by journalists on the sidelines of a seminar.

U.S. agents to probe cyber crime

U.S. agents to probe cyber crime YOGYAKARTA (JP): U.S. special agents are scheduled to come to Indonesia to investigate cyber crime cases in Indonesia, an IT consultant for the National Police said here yesterday. Roy Suryo, who is also a multimedia lecturer at Gadjah Mada University and the Indonesian Fine Arts Institute, told The Jakarta Post that the special agents had confirmed their visits to Jakarta and other cities early next month.

TV today

TV today TVRI 5:00 a.m. Religious Teachings 6:00 News 8:00 Music 9:00 Women's Program 10:00 Music 11:00 Travel 12:00 p.m. Interval 3:00 News 3:30 Documentary 4:00 Children's Program 5:00 News 5:30 Religious Teachings 6:00 Village News 7:00 Evening News 8:00 Traditional Show 9:30 Music 10:00 News 11:00 TV Drama Program 2 5:30 p.m. Music 6:30 City News 7:00 Music 7:30 News (in English) 8:30 Documentary TPI 5:30 a.m.

Ginandjar files second lawsuit over his arrest

Ginandjar files second lawsuit over his arrest JAKARTA (JP): Lawyers representing former minister of mines and energy Ginandjar Kartasasmita filed on Thursday their second objection with the South Jakarta District Court against the Attorney General over their client's detention.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on April 19, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,000 -25 101,500 Adindo Foresta 100 10 1,000 AGIS 150 -10 1,930,500 Alakasa 105 0 0 Alfa Retailindo 1,200 -25 133,500 Alter Abadi 70 -5 167,500 Alumindo Light 575 0 0 Andhi Chandra 1,725 -75 500 Aneka Kimia Raya 210 -20 5,000 Aneka Tambang 800 -25 1,301,000 Anwar Sierad 300 0 0 Apac...

'Indonesia still ambiguous about combating piracy'

'Indonesia still ambiguous about combating piracy' JAKARTA (JP): An official said on Thursday that this country was still ambiguous about combating piracy of intellectual property rights, arguing that many small enterprises earned their profits from pirated products. The Ministry of Justice and Human Rights' Director General for Intellectual Property Rights A. Zen Umar Purba warned that such a perception hampered the effort to protect intellectual property rights.

Human rights tribunal not a priority: Gusmao

Human rights tribunal not a priority: Gusmao JAKARTA (JP): East Timorese leader Jose Alexandre "Xanana" Gusmao insisted on Thursday that overcoming the territory's complex social and economic problems was his most immediate priority, and not the convening of a tribunal to try past human rights abusers.

Brimob gunned down in brawl

Brimob gunned down in brawl JAYAPURA, Irian Jaya: A police Mobile Brigade (Brimob) officer was shot dead using his own rifle early on Thursday after he attempted to break up a brawl involving six local youths in Asiki district, Jayapura. Irian Jaya provincial police deputy chief Brig. Gen. Moersitodarno identified the deceased officer as Second Brig. Dani Pamungkas. Moersitodarno said police arrested two youths, identified as Theodorus Aitokok and Cosmos Kapeng, several hours after the shooting.

PSSI has eight foreign coach nominees

PSSI has eight foreign coach nominees JAKARTA (JP): The Soccer Association of Indonesia (PSSI) has nominated eight foreign candidates to coach the national team for the Southeast Asian (SEA) Games, to be held in Kuala Lumpur in September. PSSI secretary-general Tri Goestoro said on Thursday that the association would select the coach at next week's meeting. "We have eight candidates to coach the national team.

New forces to block Gus Dur's supporters

New forces to block Gus Dur's supporters JAKARTA (JP): A group of influential Muslim clerics and organizations in East Java launched on Thursday the Ukhuwah Islamiyah Forum (FUI) which aims to promote peace and national unity and pledges to prevent President Abdurrahman "Gus Dur" Wahid's fanatical followers from thronging the capital.

As jail beckons, Estrada parties with RP poor

As jail beckons, Estrada parties with RP poor MANILA (AFP): Marking what could be his saddest ever birthday, disgraced ex-president Joseph Estrada partied with the poor on Thursday as government lawyers pressed to have him jailed for corruption. With his wife, his grown children and political allies, Estrada hopped on a sport utility van and drove to a community of resettled squatters in the eastern Manila suburb of Taytay to hear mass at Roman Catholic chapel.

Justian pledges to promote badminton

Justian pledges to promote badminton JAKARTA (JP): The International Badminton Federation (IBF) president candidate Justian Suhandinata of Indonesia said he would prioritize promoting the sport worldwide, paying particular attention to America. "Should I be elected president, I would promote badminton so that it could gain greater popularity worldwide. I would also try to increase sponsorship and the amount of prize money for shuttlers," he told a media conference on Thursday.

Vietnam set to extend coffee retention scheme

Vietnam set to extend coffee retention scheme SINGAPORE (Reuters): The world's second largest coffee producer Vietnam is set to extend its retention scheme, though that is unlikely to give much help to the commodity's prices, hovering near 30-year lows, traders said on Thursday. Vietnamese exporters are waiting for Hanoi to approve their decision last week to extend by three months the government- funded retention scheme for 60,000 tons. The scheme is set to expire in mid-May.

No progress, police split over Salemba blast motive

No progress, police split over Salemba blast motive JAKARTA (JP): There was division within the police on Thursday over the possible motive behind a blast inside a public telephone booth near the Salemba Penitentiary in Central Jakarta. One officer said the nonfatal explosion, which occurred at about 9:30 p.m. on Wednesday, was merely meant to attract people's attention, while another said it was part of a serious campaign to terrorize the public. Jakarta Police chief of detectives Sr. Comr.

Gus Dur warns of 'national rebellion'

Gus Dur warns of 'national rebellion' JAKARTA (JP): President Abdurrahman Wahid warned on Thursday of a "nationwide rebellion" against the House of Representatives (DPR) if its attempts to oust him continue. Speaking at a seminar on the country's future, Abdurrahman added that the DPR's attempt to impeach him was "legally impossible".

KL palmoil seeks leads

KL palmoil seeks leads KUALA LUMPUR (Reuters): Malaysia's palm oil futures ended mostly lower on Thursday as players sought fresh direction with export figures for the first 20 days of April to be released on Friday, traders said. The benchmark third-month July contract ended down five ringgit at 783 ringgit ($206.05) a ton. Volume was heavy at 1,308 lots. "People are liquidating their position because the market is so uncertain.

No special action against hoodlums

No special action against hoodlums JAKARTA (JP): Acting Jakarta governor Abdul Kahfi said on Thursday the city was not carrying out a special operation against hoodlums. The city administration is performing a standard public order operation, he stated. "There is no such gubernatorial decree on an operation against hoodlums," Kahfi, who is deputy governor for administrative affairs, said.

Makro to expand its Indonesian retail operations

Makro to expand its Indonesian retail operations JAKARTA (JP): PT Makro Indonesia, a subsidiary of the Netherlands-based retail chain operator SHV Holdings, is to open six more outlets within the next two years to further strengthen its wholesaling network in the country. The company's president Simon Collins said here on Thursday that three new outlets would be opened this year in Jakarta, Semarang and Surabaya.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Celebrating Indonesian Women, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), until April 21. * Italian Contemporary Art, Shapes of Mind, National Museum, Jl. Medan Merdeka Barat 12, Central Jakarta: (Phone: 3812346, 3868172), April 20. * Painting Sunny Earth, Krijono, Galeri Linggar, Jl. Kemang Timur No. 36, South Jakarta (Phone: 71790008), 10 a.m. to 6 p.m., until April 29. * Painting by Rusli, Galeri Lontar, Jl.

IMF defends BI management: Winters

IMF defends BI management: Winters JAKARTA (JP): Prominent U.S. economist Jeffrey Winters lambasted on Thursday the International Monetary Fund (IMF) for trying to block the government's plan to amend the central bank law and dismiss the existing board of governors.

Have a nice holiday, Tommy

Have a nice holiday, Tommy From Pikiran Rakyat Tommy Soeharto's disappearance and pursuit by the authorities was soon followed by a new period in which people in the street no longer talked about him. It is feared that nobody will ever think of him again, and neither will the police. It appears that it is so easy to go astray and it is also easy to distract people's attention from the mistakes one has made.

Singapore Airlines' service

Singapore Airlines' service I would like to express my appreciation to Singapore Airlines for their exemplary service in attending to the repair of my damaged suitcase. I boarded SQ 409 from Chennai to Singapore on March 24 and then took the connecting flight SQ 152 to Jakarta March 25 morning. Upon arrival at Cengkareng Airport in Jakarta I found that my brand new (softcase) suitcase had arrived with the zip undone but the lock intact. Apparently the zip had given way.

Eight students wounded in clash with police

Eight students wounded in clash with police JAKARTA (JP): A second brawl in as many days erupted in the capital on Thursday as police moved to quell hundreds of angry university students who were about to attack students from a senior high school on Jl. Diponegoro, Central Jakarta. Dozens of Mobile Brigade (Brimob) Police officers fired tear gas toward the crowds, leaving at least eight students and an unidentified street vendor wounded, albeit slightly.

Debt restructure of toll road may cause bank losses

Debt restructure of toll road may cause bank losses JAKARTA (JP): The restructuring of the Jakarta Outer Ring Road (JORR) toll road project by the Indonesian Bank Restructuring Agency could cause local banks losses of approximately Rp 1.5 trillion (about US$143 million). The president director of Bank IFI, Harry Rachmadi, said on Thursday IBRA had only acknowledged about Rp 1 trillion of the more than Rp 2.5 trillion in total debt owed by the toll road's developers to local banks.

Brambles, GKN unveil A$20b industrial services merger

Brambles, GKN unveil A$20b industrial services merger SYDNEY, Australia (Reuters): Australia's Brambles Industries Ltd and Britain's GKN Plc have hammered out the terms of a long awaited industrial services merger to create a dual listed group with a market value of A$19.8 billion (6.9 billion pounds).