Indonesian Political, Business & Finance News

Archive: 21 April 2001

60 articles found

Why not hire our own people?

Why not hire our own people? For me, it is something new to read a point of view such as that so publicly stated by Nirwan Idrus (The Jakarta Post, April 17, 2001: Not all expats are experts). What is important and what we need to do at this stage is to improve our work force. Good work ethics and values must be reimplanted and improved. Why should we hire someone from abroad if we can provide the expertise?

Rupiah plunges to almost Rp 12,000 in panic buying

Rupiah plunges to almost Rp 12,000 in panic buying JAKARTA (JP): The embattled rupiah plunged to almost Rp 12,000 per U.S. dollar late on Friday in panic buying amid heightened political uncertainty ahead of a plenary session of the House of Representatives at the end of this month. The rupiah ended at Rp 11,925 per dollar from Rp 11,095 per dollar on Thursday as local companies rushed to buy dollars in the afternoon when the local unit passed through the Rp 11,500 level, dealers said.

Headhunters and the recruitment conundrum

Headhunters and the recruitment conundrum By Pri Notowidigdo JAKARTA (JP): Are you a job hunter looking for help from a headhunter? If so, let's look a little closer at the process as you try to connect with headhunters, the popular term for executive recruiters. Misunderstandings occur because many people assume wrongly that headhunters are supposed to find them positions.

Jakarta Great Sale 2001 targets Rp 3 trillion

Jakarta Great Sale 2001 targets Rp 3 trillion JAKARTA (JP): The Jakarta Chamber of Commerce and Industry (Kadin) and the City Administration are targeting one million domestic and foreign tourists, who will spend at least Rp 3 trillion (US$272.7 million), during this year's Jakarta Great Sale from June 14 to July 14, despite fears of rampant security disturbances across greater Jakarta.

Rupiah hits 31-month low in bad day for Asian currencies

Rupiah hits 31-month low in bad day for Asian currencies SINGAPORE (Dow Jones): Most Asian currencies weakened on Friday, with the ever-worsening political situation in Indonesia pushing the rupiah to a 31-month low. The only regional currency to gain against the U.S. dollar was the New Taiwan dollar, which finished marginally higher amid continued stock market inflows from foreign investors. The rupiah continued to lose ground Friday with the dollar rising to Rp 11,775 late in the day.

Papuan proposal seeks wide-ranging autonomy

Papuan proposal seeks wide-ranging autonomy JAKARTA (JP): As a compromise to the intense calls for independence, resource-rich Irian Jaya is offering to remain within Indonesia if it retains a bigger portion of its own wealth, an initiative bill submitted by the province suggests.

Stock quotations on JSX

Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on April 20, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 925 -75 82,000 Adindo Foresta 100 0 0 AGIS 140 -10 3,070,500 Alakasa 105 0 0 Alfa Retailindo 1,150 -50 124,000 Alter Abadi 70 0 0 Alumindo Light 575 0 0 Andhi Chandra 1,775 50 3,000 Aneka Kimia Raya 190 -20 25,000 Aneka Tambang 800 0 380,500 Anwar Sierad 300 0 0 Apac Citra 290 20 2,000...

UN urges Indonesia to judge E. Timor killers

UN urges Indonesia to judge E. Timor killers GENEVA (Reuters): The United Nations urged Indonesia on Friday to bring those responsible for bloodshed in East Timor to justice and rein in militias intimidating refugees still in camps. The UN Commission on Human Rights also called for completion of the voluntary repatriation of refugees from the camps in Indonesia's West Timor so they can register to vote in East Timor's first elections set for Aug. 30.

AIDS activist puts a face on statistics

AIDS activist puts a face on statistics By I Wayan Juniartha SANUR, Bali (JP): Suzana Murni is perhaps not much different from many other 20-something women today, with her delicate appearance, soft-spoken manner, her love of casual attire, her pierced nose and her fondness for the popular TV-series Shinchan (her mobile phone rings the theme of the show). Yet there are two not-so-ordinary facts about her life.

Banjarnegara election voided

Banjarnegara election voided BANJARNEGARA, Central Java: The Banjarnegara Council on Friday decided to annul the results of their own regency elections following a wave of public protests which accused councillors of being swayed by money politics. The council in a plenary session decided to reverse the election of its mayor and regent and hold a new vote.

Taiwan puts on show of military force

Taiwan puts on show of military force CHECHENG, Taiwan (AFP): Taiwan's armed forces staged on Friday a powerful display of military might to warn off rival China in huge war games here, which come as Washington mulls selling more high-tech weaponry to Taipei. A total of 3,380 soldiers and officers were involved in the live-fire anti-landing war games on a beach of the southern Pingtung county.

Event shows flexible art of monologue

Event shows flexible art of monologue By Kartika Bagus C. and Sulistyo Budi N. SURAKARTA, Central Java (JP): The much-talked about art of monologue was the subject of the Central Java Inter-Theater Monologue Festival, held earlier this month at Teater Jajak on the campus of the Indonesian College of Art. Its aim was to develop the art of monologue as a treasury of the art of acting, as well as giving theater students the chance to get together and share ideas.

EU provides 2m euros in grant

EU provides 2m euros in grant JAKARTA (JP): The European Union (EU) will provide 2 million euros (about US$1.6 million) in grants over the next three years to help the ministry of forestry set up an illegal logging response center (ILRC). The EU's representative office announced on Friday that the establishment of the ILRC is needed to curb the growth of illegal logging activities in Indonesia, particularly in national parks and protected forests.

RI puts 16 players in Bali Open

RI puts 16 players in Bali Open JAKARTA (JP): Host Indonesia has fielded all 16 billiard players selected for the Kuala Lumpur Southeast Asian (SEA) Games in the main draw of the Bali International Open 9-Ball Billiard Tournament, being held at the Nex Billiard Club in Denpasar. "There are 64 players in the main draw and Indonesia placed the most players, followed by Vietnam with five players and Singapore with four," organizer Susanto was quoted as saying by Antara news agency on Friday.

Alcatel provides Telkom with broadband lines

Alcatel provides Telkom with broadband lines JAKARTA (JP): Telecommunications network provider Alcatel will supply state-owned telecommunication company PT Telkom with 20,000 broadband lines to provide high-speed Internet access for Telkom's customers. The so-called Asymmetric Digitial Subscriber Line (ADSL) network, which will be part of Telkom's Multi-Media Access (MMA) project, will cover North Jakarta, West Jakarta, Central Jakarta and Tangerang, Alcatel said in a statement on Friday.

YLKI protests water rate hike

YLKI protests water rate hike JAKARTA (JP): The Indonesian Consumers' Foundation (YLKI) called on Jakarta people to unite in opposing the up to 40 percent hike in tap water tariffs, saying that it was against the public interest.

Ex-cop arrested over drug

Ex-cop arrested over drug JAKARTA (JP): Central Jakarta Police detectives arrested nine people, including a former police officer, for alleged drug- dealing, and seized Rp 360 million (US$32,700) worth of shabu- shabu (crystal methamphetamine) from their rented apartment in Cempaka Putih, Central Jakarta, on Thursday night. Central Jakarta Police chief of detectives Comr.

Caltex ordered to end contract for unfair practices

Caltex ordered to end contract for unfair practices JAKARTA (JP): The antimonopoly commission ordered PT Caltex Pacific Indonesia (CPI) on Friday to terminate its steel pipe procurement contract valued at more than US$15.7 million a year. The commission issued its ruling after declaring Caltex in violation of the new antimonopoly and unfair business practices law. Soy M.

Explosion at Kendari office

Explosion at Kendari office KENDARI, Southeast Sulawesi: An explosive device was hurled by an unidentified man at the Kendari Attorney General's Office here on Friday night causing minor damage to the office's compound. No casualties were reported in the blast, which occurred at around 7:50 p.m. local time. Antara reported witnesses as saying that a "short chubby" man wearing a white t-shirt hurled the device from outside the compound. The blast left a 25 meter crater in front of the office.

Weekend lineup

Weekend lineup JAKARTA (JP): The following sports competitions will be broadcast live this weekend on local TV stations (all times are in Jakarta Time): Saturday Soccer English Premiership: Ipswich vs Coventry, SCTV, 09.00 p.m. Sunday Soccer Italian League: Inter Milan vs Fiorentina, RCTI, 1.30 a.m.; Lazio vs Vicenza, RCTI, 8.00 p.m. World Cup qualifying round: Indonesia vs Cambodia, RCTI, 4.00 p.m. Boxing WBC/IBF heavyweight championship match: Lennox Lewis vs Hasim Rahman, SCTV, 9.00 a.m.

World rubber prices to stay low

World rubber prices to stay low JAKARTA (Reuters): Huge stocks and relentlessly rising rubber output from top producers Thailand and Indonesia will keep world natural rubber prices depressed for another three years, a senior industry official said. Suharto Honggokusumo, executive director of the Indonesian Rubber Association (Gapkindo), said prices would only recover if there were concrete moves by the world's top producers to control output or even reduce it.

Draft on anticorruption body strongly criticized

Draft on anticorruption body strongly criticized JAKARTA (JP): Five non-governmental organizations criticized on Friday the government's draft of the law on the establishment of an anticorruption body, arguing it did not give enough power to the body to combat the crime.

Coach tells PBSI to send junior shuttler to SEAG

Coach tells PBSI to send junior shuttler to SEAG JAKARTA (JP): Junior singles coach Joko Suprianto urged the Badminton Association of Indonesia (PBSI) to include Sonny Dwi Kuncoro on the Southeast Asian (SEA) Games squad. "Sonny must be given a chance to team up with seniors Budi Santoso, Rony Agustinus and Johan Hadikusuma," Joko told The Jakarta Post at the Indonesian Badminton Center in Cipayung, East Jakarta, on Friday.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Membaca Frida Kahlo, Nadi Gallery, Jl. Kedoya Raya 53, West Jakarta (Phone: 5818129), until April 29. * Celebrating Indonesian Women, Erasmus Huis, Jl. H.R. Rasuna Said, Kav S-3, Kuningan, South Jakarta (Phone: 5241069), April 21. * 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.

TNI to proceed with deployment of troops in Aceh

TNI to proceed with deployment of troops in Aceh BATUJAJAR, Bandung, West Java (JP): While suggesting that dialog between the government and the Free Aceh Movement (GAM) should continue, the Indonesian Military (TNI) have decided to send troops to the strife-torn province of Aceh. TNI chief Adm. Widodo A.S. announced on Friday that eleven companies of Rajawali (Hawk) II Team troops will fly to the province in stages on Sunday and Monday from the Husein Sastranegara Air Base.

Daihatsu eyes Perodua stake

Daihatsu eyes Perodua stake KUALA LUMPUR (AFP): Japan's Daihatsu group is in talks with its Malaysian partner Perodua to increase its 25 percent stake in the second national carmaker, reports said on Friday. Prime Minister Mahathir Mohamad has confirmed negotiations were continuing between Daihatsu and Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) but said nothing had been finalized.

Kartini remains unknown among history textbooks

Kartini remains unknown among history textbooks JAKARTA (JP): The controversy about whether Kartini is a real emancipation heroine has long been a debatable subject among some feminists here. To follow the argument on this matter would not be very fruitful though. Kartini Day is nonetheless celebrated on April 21 every year.

KL offers free landing to lure airlines

KL offers free landing to lure airlines KUALA LUMPUR (Reuters): Malaysia said on Friday foreign carriers inaugurating flights or adding operations to Kuala Lumpur will enjoy free landing and parking rights. The concession is a bid by the Kuala Lumpur International Airport (KLIA) to lure back international traffic after a recent spate of pull-outs by several carriers.

KL palm oil ends higher on weekend covering

KL palm oil ends higher on weekend covering KUALA LUMPUR (Reuters): Malaysian palm oil ended mostly higher on weekend covering on Friday despite poor export figures and the arrival of soyoil from the United States, Argentina and Brazil in Asian markets, trader said. "It's all about weekend covering. The outlook is not good at all because exports will be poor in the coming months," said one trader in Kuala Lumpur. Another said: "The rupiah is falling.

The U.S., it's no Indonesia

The U.S., it's no Indonesia I have traveled to more than 50 countries and I have never met finer people than here. I do not think it is time yet to ring the death knell on Indonesia! Yours is a very very young country. When the U.S. was young it was not a true democracy. Only a very few (the wealthy) were allowed to vote. It was not until the 20th century that women were given that right. 150 years!

RI confident of outpowering Cambodia

RI confident of outpowering Cambodia JAKARTA (JP): Indonesian team captain Bima Sakti expressed his confidence in beating Cambodia in the group nine match of the 2002 World Cup qualifying round at Bung Karno stadium on Sunday. "We want to present the best birthday gift to the Soccer Association of Indonesia (PSSI): a full victory against Cambodia," he said, referring to the PSSI's 71th anniversary which fell on Thursday. "We have not lost to Cambodia in the last three consecutive meetings.

Doctors, psychologists to aide Sampang refugees

Doctors, psychologists to aide Sampang refugees JAKARTA (JP): A team of doctors and psychologists are to leave on Sunday for a week-long mission to Sampang, East Java where more than 60,000 Madurese are sheltering after having fled ethnic clashes in Central Kalimantan. The members of the Medical Emergency Rescue Committee (MERC) of Jakarta and Malang, East Java, branches, are to provide refugees with health services as well as trauma-counseling.

Choreographers set to gather at Surakarta dance festival

Choreographers set to gather at Surakarta dance festival By Retno Pujiastuti SURAKARTA, Central Java (JP): While dance choreographers create works for themselves and others, they rarely have the chance to express themselves as solo dancers. It takes intellect, imagination, intensity and a profound understanding to build the creative energy necessary for a performance.

Council closed, councillors in closed session in Puncak

Council closed, councillors in closed session in Puncak JAKARTA (JP): The City Council remained closed on Friday as all 85 councillors continued closed-door meetings at city-owned resort hotel Wisma Jaya Raya in the Puncak area, Bogor, to discuss Governor Sutiyoso's accountability speech. The council's five commission rooms, usually used to receive protesters and guests were locked. Fortunately there were no rallies on Friday.

Sjamsul escape rumor denied

Sjamsul escape rumor denied JAKARTA (JP): Attorney general's spokesperson Moeljohardjo denied on Friday rumors that business mogul Sjamsul Nursalim, a suspect in a corruption case, had fled the country saying he was being treated at a hospital here. "It's absolutely untrue," he said, as quoted by Antara. Moeljohardjo said Sjamsul was undergoing treatment at Room 427 of Medistra Hospital, South Jakarta due to a heart problem and chest pains.

Mubyarto gets Hatta award

Mubyarto gets Hatta award PADANG, West Sumatra: Senior economist Mubyarto on Friday became the first recipient of the Bung Hatta for his dedication in the economic and education fields. The award was presented in a ceremony here at Bung Hatta University. The award, named after Indonesia's first vice president Muhammad Hatta, was issued in commemoration of the university's 20th anniversary.

Calls for replacement of current government continue

Calls for replacement of current government continue JAKARTA (JP): Pressures are mounting on the government, with fresh calls for people in the strife-torn provinces of Aceh and Irian Jaya to join hands with other provinces in a nationwide scheme to replace the current administration. Political scientist Andi Alfian Mallarangeng said here on Friday that the incumbent government was responsible for ongoing violence and injustice in the two provinces.

Govt in favor of extending Caltex deal

Govt in favor of extending Caltex deal JAKARTA (JP): It is possible the government will approve PT Caltex Pacific Indonesia's request for a short extension of its contract on the Coastal Plain Pekanbaru (CPP) block in Riau to allow it to fully recover its investment in the block, according to a senior government official. The Ministry of Energy and Mineral Resources' director general for oil and gas, Rachmat Sudibyo, said on Friday he was in favor of extending Caltex's contract.

Weak banks have 'no choice but to merge'

Weak banks have 'no choice but to merge' BOGOR (JP): Financially weak banks have no choice but to merge with larger banks if they want to escape from being closed by the government, a senior bank executive said. Arwin Irsyad, Bank Danamon's president, said on Thursday that many banks would face difficulty in meeting the minimum capital adequacy ratio (CAR) requirement by the end of this year.

Drug trafficker shot dead

Drug trafficker shot dead JAKARTA (JP): A drug trafficker was shot dead for resisting an arrest, while another suspect was rushed to Kramat Jati Police Hospital for swallowing a packet of low-grade heroin in two separate raids on Thursday evening. Pulogadung Subprecinct Police identified the dead suspect as 27-year-old Nasir, alias Iqbal, who was caught red-handed in possession of 7 grams of low-grade heroin, 55 reefers, and Rp 2.7 million in cash allegedly from drug trafficking.

Rupiah rate April 20

Rupiah rate April 20 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.

Sutiyoso exempts students from exam fees

Sutiyoso exempts students from exam fees JAKARTA (JP): Governor Sutiyoso has signed a circular exempting students of elementary and junior high schools, both private and state, from having to pay exam fees. The circular, dated April 16, was only made available to the media on Friday. It stated that students of state-run Madrasah Ibtidaiyah Islamic elementary schools and Madrasah Tsnawiyah Islamic junior high schools would also be able to take their final exams without having to pay.

Malaysian govt evacuates consulate family members

Malaysian govt evacuates consulate family members JAKARTA (JP): The Malaysian government has evacuated family members of its consulate office in Pontianak, West Kalimantan, due to civil tension at the Indonesia-Malaysia border town of Serawak, Antara news agency reported on Friday.

KONI urged to send only the best to SEA Games

KONI urged to send only the best to SEA Games JAKARTA (JP): The government's surprise decision to axe the budget for the Southeast Asian (SEA) Games training program has left the National Sports Council (KONI) in a quandary. But the council does not have to look far for suggestions and advice, with many people eager to get their two cents worth.

Semarang to host volleyball c'ship

Semarang to host volleyball c'ship SEMARANG (JP): The Indonesian Volleyball Association (PBVSI) named Semarang to host the Inter-Club National Championship, which will also serve as a tryout for the Indonesian Volleyball League (Livoli). The championship is slated to be held from May 21 to May 27, while the beach volleyball schedule has yet to be decided.

City has no funds to stop hoodlums

City has no funds to stop hoodlums JAKARTA (JP): Jakarta's acting governor Abdul Kahfi admitted on Friday that public order operations against street vendors and hoodlums have yet to commence throughout all of the city's five mayoralties due to limited funds. "It's just a technical matter though," Kafi, who is deputy governor for administrative affairs, told reporters. "I hope the funds will be disbursed soon," he remarked.

20 dismissal cases still left unresolved in Batam

20 dismissal cases still left unresolved in Batam BATAM, Riau (JP): At least 20 cases of more than 100 dismissed workers remain unsolved here due to mistaken implementation of regional autonomy measures in Riau province, officials said on Friday. M.

Taufik injury may hamper RI at Asia Cup

Taufik injury may hamper RI at Asia Cup JAKARTA (JP): National top shuttlers are aiming to achieve a hat trick by winning the US$170,000 Asia Cup men's team championship for the third consecutive time, while at the same time warming themselves up for next month's World Championships. However, their ambition is in jeopardy as world number three Taufik Hidayat injured his right knee during practice a week ago and has yet to recover.

Calm returns to Indo-Bangladesh border

Calm returns to Indo-Bangladesh border GUWAHATI, India (AFP): The Indo-Bangladesh border was calm but tense on Friday, after fresh firing overnight had threatened to prolong the worst frontier skirmishes for 30 years which left 19 dead on both sides.. "There is a total ceasefire along the border," said Inspector General V.K. Gaur, regional commander of the Border Security Force (BSF) in northeast India.

We may be politicking, but not discriminating: Marzuki

We may be politicking, but not discriminating: Marzuki In the face of accusations of sluggishness and politicking in the handling of high profile cases, Attorney General Marzuki Darusman gives his side of the story. He talked to The Jakarta Post's Tertiani ZB Simanjuntak last Saturday, revealing his goals and achievements in office during the one-and-a-half years of his tenure.

Braced for more tumult

Braced for more tumult The nation, already buckling under more than three years of economic crisis and the breakdown of law and order, is bracing itself for more tumult next week. With our leaders making no serious effort to defuse a potentially explosive situation, Jakarta faces the danger of being plunged into a spiral of violence set off by clashes between supporters and opponents of President Abdurrahman Wahid.

Govt accountability demanded in safety net loan

Govt accountability demanded in safety net loan The World Bank has canceled the disbursement of the second US$ 300 million tranche of a $600 million loan to Indonesia, due to the government's failure to meet agreed loan conditions. Sociologist Wardah Hafidz, coordinator of the Urban Poor Consortium (UPC), says the measure has arrived too late.

Enron plans to sell majority stake in Indian power venture

Enron plans to sell majority stake in Indian power venture BOMBAY, India (AFP): U.S.-based energy company Enron Power Corp is putting in place plans to sell its majority stake in the troubled Dabhol Power Co. in western India, reports said Friday. "Enron is believed to be in the process of appointing a merchant banker to sell its majority stake in the Dabhol Power Co (DPC)," The Economic Times said, quoting unnamed sources.

Mega denies pledge of allegiance

Mega denies pledge of allegiance JAKARTA (JP): Vice President Megawati Soekarnoputri denied that she would support President Abdurrahman Wahid until the end of his five-year term in 2004, Megawati's top aide said on Friday. "Ibu never made such a statement," the Vice President's secretary Bambang Kesowo told reporters.

Touts ease the hassle of getting passports

Touts ease the hassle of getting passports By Hera Diani JAKARTA (JP): Obtaining a document such as a passport in this country can be a major headache. Long drawn-out bureaucratic procedures, irritating officers and pushy touts are among obstacles that have to be faced throughout the process. No wonder people prefer to go to a service bureau or pay middlemen to get their passports done fast, even though it may cost them more than double.

10 percent stake in Cepu not enough: Pertamina

10 percent stake in Cepu not enough: Pertamina JAKARTA (JP): State oil and gas company Pertamina said on Friday it was demanding more than a 10 percent stake in a joint venture with U.S-based ExxonMobil Oil Inc. for the development of enormous oil reserves in the Cepu block, located in Central Java and East Java.

Why not Wiranto?

Why not Wiranto? Mr. Suparjo asks the readers in his letter who they think should be president (The Jakarta Post, April 19, 2001). Well, certainly in my mind there is no doubt that should one be looking for a leader who is charismatic, cultured, educated and above all else loyal, one need look no further than Mr. Wiranto. Has he not proved time and time again his absolute loyalty to his country, one nation, his president, his fellow officers and his principles?

Wiranto warns against fueling extremism

Wiranto warns against fueling extremism JAKARTA (JP): Former Indonesian military chief Gen. (ret.) Wiranto warned on Friday that Indonesia was slowly being driven to the edge of a cliff by political leaders mobilizing "seas of people that could lead to a flood of extremism".

Thaksin to seek Mahathir's help

Thaksin to seek Mahathir's help CHIANG MAI, Thailand (Reuters): Thai Prime Minister Thaksin Shinawatra said on Friday he would ask Malaysian Prime Minister Mahathir Mohamad at a meeting next week to help suppress separatists along the Thai-Malaysian border. Thaksin, due to visit Kuala Lumpur on April 24, said Thai police would send a list of "70 to 80" suspected separatist guerrillas to Malaysian police, and hoped they would be arrested and sent for trial in Thailand.

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 Music 7:00 Evening News 7:30 TV Drama 8:30 Music 9:00 Music 10:00 Sports 11:00 Traditional Performance 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.