Indonesian Political, Business & Finance News

Archive: 3 April 2001

55 articles found

Forestry commitments to CGI have not been met: Minister

Forestry commitments to CGI have not been met: Minister JAKARTA (JP): The government has failed to fulfill all the forestry commitments it made during the meeting of the country's major donor group, the Consultative Group on Indonesia (CGI), last year, according to the newly appointed Minister of...

Locals damage protected forest

Locals damage protected forest PURWOKERTO, Central Java: Some 300 people went on a rampage on Sunday in a protected teakwood forest in Kubangkangkung village, Kawunganten district, Cilacap, some 245 kilometers south of the Central Java capital of Semarang.

New regulation on corruption out end of April

New regulation on corruption out end of April JAKARTA (JP): The government will issue a new regulation to shift the burden of proof to deal with certain corruption and narcotics cases by the end of this month.

Tangerang moves to boost investment

Tangerang moves to boost investment TANGERANG (JP): The one-stop service offered by Tangerang mayoralty to prospective investors has paid off, with an average one new applicant coming in seeking a permit every day since the service was inaugurated in February.

Judicial review on election law demanded

Judicial review on election law demanded JAKARTA (JP): Former members of the 1999 General Elections Commission (KPU) filed a petition on Monday with the Supreme Court for a judicial review into a government regulation in lieu of the law on general election, challenging its validity.

Man nabbed over theft of train signal cables

Man nabbed over theft of train signal cables JAKARTA (JP): Thousands of train passengers, mostly commuters, were stranded for hours on Monday after three men cut and stole signal transmission cables spanning between the Gondangdia railway station and the Cikini railway station.

China takes lion share of Taiwan's investment

China takes lion share of Taiwan's investment TAIPEI (AFP): China is absorbing the majority of Taiwan's outbound investments despite Taipei's restrictions mainland investment, an official survey said on Monday.

Street singers protest Banpol

Street singers protest Banpol JAKARTA (JP): At least 50 street singers grouped under the Street Children's Communication Forum (FKAJ) went to the City Council on Monday to demand the dissolution of the newly established corps of civilian police auxiliaries (Banpol).

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on April. 2, 2001: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,125 -25 187,000 Adindo Foresta 100 0 0 AGIS 180 0 322,500 Alakasa 105 -35 1,000 Alfa...

ASEAN holds meeting on currency swap

ASEAN holds meeting on currency swapBy Eileen Ng KUALA LUMPUR (AFP): Southeast Asian finance ministers will meet in the Malaysian capital this week as regional currencies undergo another beating amid expectations of a global slowdown.

State budget in disarray

State budget in disarray The Indonesian state budget for the current fiscal year is being threatened with a much larger deficit because revenue targets set for most major sectors will most likely fail to materialize due to various external and internal factors while total spending will probably...

KL, S'pore pledge to fight crime

KL, S'pore pledge to fight crime KUALA LUMPUR (AP): Senior leaders of Malaysia and Singapore pledged on Monday to boost joint efforts to combat long-running problems like cross-border crimes, illegal immigration and drug trafficking.

Number of AIDS patients rises

Number of AIDS patients rises BANDUNG: The West Java Health Office said on Monday the number of people in the province with AIDS jumped drastically from 23 in 1999 to 168 in 2000, a more than 700 percent increase.

UK executives question KL petrol station move

UK executives question KL petrol station move KUALA LUMPUR (Reuters): Malaysia's decision to stop giving licenses to foreign oil companies to open new petrol stations in the country could deter foreign direct investment, the head of a British trade delegation said on Monday.

Rupiah rate April 1

Rupiah rate April 1 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 9,920.00 10,920.00 10,368.00 10,472.00Australian dollar 1 4,834.02 5,326.78 5,052.33 5,108.24Austrian schilling 1 632.82 697.01 661.40 668.41Belgian franc 1 215.86 237.76 225.61 228.

S&P cuts APP units ratings

S&P cuts APP units ratings JAKARTA (JP): Standard & Poor's said on Monday it had lowered its long-term local and foreign currency corporate credit ratings on Asia Pulp & Paper Co. Ltd. and its Indonesian operating subsidiaries, to 'D' from double-'C'.

Anti-Golkar demo held in Surabaya

Anti-Golkar demo held in Surabaya SURABAYA: Some 100 people staged an anti-Golkar demonstration in front of the residence of the chairman of the East Java chapter of Golkar Party on Monday.The demonstrators, consisting of members of the People's Democratic Party (PRD), Indonesian Christian Students...

Hunted and hounded, rare Boelen's python slithers to extinction

Hunted and hounded, rare Boelen's python slithers to extinctionBy Bayu Dwi Mardana Kusuma JAKARTA (JP): In terms of survival, Boelen's python has the odds stacked against it.For one, its gorgeous coloring makes it a favorite of snake and reptile collectors the world over.

UN government in E. Timor still struggling: Leader

UN government in E. Timor still struggling: Leader SINGAPORE (Agencies): The United Nations' transitional government in East Timor is still struggling, leaving much to "sheer luck" despite 18 months in power, the head of the UN mission running the new nation said on Monday.

KL SEAG to spend RM1.5m for promotion

KL SEAG to spend RM1.5m for promotion JAKARTA (JP): The 21st Kuala Lumpur Southeast Asian (SEA) Games organizing committee will spend 1.5 million ringgit (US$500,000) for promotional activities and publicity.Some 200,000 ringgit was spent to launch the SEA Games campaign on Feb.

AriaWest International stops paying Telkom its revenue share

AriaWest International stops paying Telkom its revenue share JAKARTA (JP): PT AriaWest International, a joint operating contractor of state telecommunications company PT Telkom, has decided not to disburse Rp 340 billion (US$32.

Gus Dur's administration

Gus Dur's administrationFrom Rakyat MerdekaForeign Minister Alwi Shihab said: If small countries use Mercedes cars, commonly called "Mercy" in Indonesia, why should we use Timor cars? Alwi should have corrected his words, as the small countries meant here might be small in terms of their debts,...

Man gets 15 years in jail over JSX bombing, marijuana

Man gets 15 years in jail over JSX bombing, marijuana BANDUNG (JP): The Bandung District Court sentenced a defendant on Monday to 15 years in jail for illegally possessing and distributing firearms and ammunition, as well as unlawful possession of marijuana.

Semen Padang spin-off from Semen Gresik delayed

Semen Padang spin-off from Semen Gresik delayed JAKARTA (JP): West Sumatra community figures accused the government and PT Semen Gresik of colluding to cancel the establishment of a spin-off company, PT Semen Padang, a company widely anticipated by locals to provide an economic boost to the...

Joint civilian, military team to investigate Buru violence

Joint civilian, military team to investigate Buru violence AMBON, Maluku (JP): A joint civilian and military team was dispatched to Kase village on Buru island on Monday to investigate an overnight attack that left three people dead and four others missing.

Govt to remove immigration chief to improve service

Govt to remove immigration chief to improve service JAKARTA (JP): The government has announced it will replace the current director general of immigration, Maj. Gen Muhammad Mudakir, saying the position needs someone "with good discipline and strong mental character".

'Conditionalities' choke Indonesia's recovery

'Conditionalities' choke Indonesia's recoveryBy Sidhesh Kaul This is the second of two articles on the relationship between international institutions and Indonesian government. JAKARTA (JP): "Structural reforms" touch the nerve centers of governance.

KL man eyes world record

KL man eyes world record KUALA LUMPUR (AFP): A Malaysian man will attempt to set a world record by pedaling a trishaw 6,000 kilometers across the continent to Nanjing, China.Sitdek Ahmad Ali, 43, set a local record last year for pulling a rickshaw 2,280 kilometers across peninsula Malaysia,...

Golkar to follow the 'voice of the majority'

Golkar to follow the 'voice of the majority' JAKARTA (JP): While maintaining its commitment to proceeding with constitutional mechanisms to appraise the performance of President Abdurrahman Wahid, Golkar Party will comply with the voice of the majority, a party official said on Monday.

Coal mining firms can buy fuel at 50% of market prices

Coal mining firms can buy fuel at 50% of market prices JAKARTA (JP): The government said on Monday that coal mining firms can buy fuel at 50 percent of international market prices, instead of the full rate as required of other mining sectors.

FSPC sets new guidelines for corporate restructuring

FSPC sets new guidelines for corporate restructuring JAKARTA (JP): The Financial Sector Policy Committee (FSPC) has set new guidelines for future corporate restructuring deals under the Indonesian Bank Restructuring Agency (IBRA) in a bid to improve transparency and accountability.

Councillors support Nasrul's testimony over Rp 4.3b graft

Councillors support Nasrul's testimony over Rp 4.3b graft JAKARTA (JP): City councillors came to the defense on Monday of Nasrul Idrus, a former executive of the city's Indonesian Civil Servants Corps (Korpri) who disclosed a Rp 4.

FORKI to hire foreign coach for SEAG

FORKI to hire foreign coach for SEAG JAKARTA (JP): The Indonesian Karate Federation (FORKI) will hire a Japanese coach to train the national team in the run-up to the Kuala Lumpur Southeast Asian (SEA) Games."FORKI has yet to decide which coach to hire.

Where to go in Bandung:

Where to go in Bandung:Exhibition* Traditional and Modern Art Collaboration, by Kalingga Gallery the lobby of Grand Hotel Preanger Bandung, Jl. Asia Afrika No. 81 (Phone: 022 4231631), 9 a.m. to 9 p.m., until April 30.Performances* Modern Drama Tabib Tetiron, Gedung Kesenian Rumentang Siang, Jl.

Singer Dewi has a way with the written word

Singer Dewi has a way with the written wordBy Lie Hua JAKARTA (JP): Almost overnight singer Dewi Lestari has been catapulted to fame, but it did not come from her on-stage performances.A member of the Rita-Sita-Dewi singing trio, she is now in the spotlight for her literary debut Supernova, written...

Navy orders marine corps to verify Sunday shoot-out

Navy orders marine corps to verify Sunday shoot-out JAKARTA (JP): Navy Chief of Staff Adm. Indroko Sastrowiryono said on Monday he had ordered marine corps chief Maj. Gen. Harry Triono to investigate a Sunday shoot-out in Senen, Central Jakarta, which claimed the life of a marine.

Live on two and a half cents a day?

Live on two and a half cents a day?From Surabaya PostAfter a series of unhealthy speculative acts on Wall Street (the New York Stock Exchange), the share price index plummeted on Sept. 24, 1929, a situation known in economics texts as Black Thursday.

Organda should not force new taxi tariff: Official

Organda should not force new taxi tariff: Official JAKARTA (JP): The city's Land Transportation Agency (DLLAJ) asserted on Monday that taxi companies were free to set either a flag fall of Rp 2,000 or Rp 3,000.

Merpati links Mataram with Kuala Lumpur

Merpati links Mataram with Kuala Lumpur MATARAM, West Nusa Tenggara (JP): Stated-owned PT Merpati Nusantara Airlines launched on Sunday its first flight from Mataram, West Nusa Tenggara (NTB) to Kuala Lumpur, Malaysia via Surabaya, East Java.

Prosecutors question Ali over graft case at BPUI

Prosecutors question Ali over graft case at BPUI JAKARTA (JP): Former minister of finance Ali Wardhana was questioned at the Attorney General's Office on Monday as a suspect in a Rp 1.1 trillion (US$110 million) graft case at state-owned investment company PT Bahana Pembinaan Usaha Indonesia (Voice...

Is slaying those attempting to topple Gus Dur permissible?

Is slaying those attempting to topple Gus Dur permissible? JAKARTA (JP): Executives of Nahdlatul Ulama, the country's largest Muslim organization, will discuss whether it is permissible to slay those who attempt to topple President Abdurrahman "Gus Dur" WahidNU deputy chairman Achmad Bagdja said on...

Myanmar could be a specialty coffee grower

Myanmar could be a specialty coffee grower SINGAPORE (Dow Jones): In the eyes of Gregory Love, Myanmar is capable of becoming a specialty coffee producer in Southeast Asia.The Myanmar government has begun distributing land for coffee growing, as part of its effort to promote coffee as an export...

Some labor groups plan May Day off

Some labor groups plan May Day off JAKARTA (JP): Several labor organizations have grouped together to pledge to use their workers' rights to take the day off on the upcoming World Labor Day on May 1.World Labor Day this year falls on Tuesday, a working day.

PT Kadera officials to be queried over mortal attack

PT Kadera officials to be queried over mortal attack JAKARTA (JP): Two officials of PT Kadera AR Indonesia, a car upholstery producer, will be among four people to be questioned on Tuesday in connection with last Thursday's fatal attack on striking workers of the company in the Pulogadung...

Bargain prices on Bandung 'magazine' street

Bargain prices on Bandung 'magazine' streetBy Kafil Yamin BANDUNG (JP): When the rupiah nosedived three years ago, "Untung", a newspaper columnist and lecturer at a local university, suddenly found that the price of foreign magazines and journals was out of his reach.But he came up with a solution.

Danny Yuswanto takes Wotulo Memorial chess tournament

Danny Yuswanto takes Wotulo Memorial chess tournament JAKARTA (JP): Grand Master (GM) Norm Danny Yuswanto of Indonesia topped the Wotulo Memorial International Grand Master Chess Tournament after winning his last session with a total 9.5 Match Points (MPs) on Monday.

More resignation rumors plague IBRA management

More resignation rumors plague IBRA management JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) was hit by rumors of more major resignations following a report on Monday that claimed its chairman Edwin Gerungan and deputy chairmen Irwan Siregar and Slamet Sumantri planned to quit from...

Likely scenarios in RI's future

Likely scenarios in RI's futureBy Scott Burchill and Damien Kingsbury MELBOURNE (JP): The cancellation of the visit of Indonesian President Abdurrahman Wahid to Australia -- for the fourth time -- is probably fortuitous for both countries.

Women robbed of her van

Women robbed of her van JAKARTA (JP): A woman reported to the city police on Monday an armed robbery that occurred on Sunday morning in front of the SOS Medika International medical center on Jl. Fatmawati in South Jakarta, and that cost her her KIjang van.

PT Pos employees demand salary hike

PT Pos employees demand salary hike JAKARTA (JP): Some 2,000 employees of state-owned postal service and courier firm PT Pos Indonesia staged a rally on Monday at the company's Jakarta office on Jl Lapangan Banteng Utara in Central Jakarta, demanding a salary increase and improved benefits.

March inflation up, exports down

March inflation up, exports down JAKARTA (JP): Inflation in March rose 0.89 percent following a 0.87 percent increase in February, as the government's announcement that it would raise fuel prices beginning this month propelled consumer price indexes in all categories, the Central Bureau of...

Arroyo orders 'all-out war' on Abu Sayyaf rebels

Arroyo orders 'all-out war' on Abu Sayyaf rebels MANILA (Agencies): President Gloria Macapagal Arroyo ordered "all-out war" on a band of Abu Sayyaf extremists on Monday, hours after they vowed to behead a U.S. hostage to mark the leader's birthday.

Poor water supply

Poor water supply During March 2001 the residents of Komp Taman Surya IV in Cengkareng received a letter from water suppliers PT PAM LYONNAISE JAYA (PALYJA), dated March 12, 2001 and signed by PALYJA President Director Mr. Pierre Alla.In his letter Mr.

Supreme Court denies lack of transparency

Supreme Court denies lack of transparency JAKARTA (JP): The Supreme Court cold-shouldered on Monday mounting criticism over its lack of transparency in issuing its ruling on cases, saying it has complied with all the necessary procedures.

Boxer Alfaridzi still in coma, KTI will not issue sanctions

Boxer Alfaridzi still in coma, KTI will not issue sanctions JAKARTA (JP): The Indonesian Boxing Commission (KTI) will not sanction any parties involved with boxer Alfaridzi, who collapsed and fell into a coma as a result of his fight last Friday evening.