Archive: 7 April 2001
59 articles found
Sat, 07 Apr 2001, 00:00 WIB
No bare shoulders in Malaysia
No bare shoulders in Malaysia KUALA LUMPUR (Reuters): Malaysia's women's affairs minister on Friday blasted the trend of harassing women for their clothing after a civil servant chased a woman with bare shoulders from her office, a local newspaper reported. "There is no law in this country prohibiting sleeveless blouses. Such outfit is normal in our multi-racial and multi- cultural society," said Shahrizat Abdul Jalil, according to the afternoon Malay Mail paper.
Sat, 07 Apr 2001, 00:00 WIB
Mice attack W. Sumatra harvest
Mice attack W. Sumatra harvest PADANG, West Sumatra: Mice have been attacking the rice fields in the province, causing farmers to suffer at least Rp 846 billion (US$81 million) in losses since last year, reports said. According to the Protection Board for Horticulture and Food Supply (BPTPH), the mouse attacks were at an alarming level, as the pests have 'raided' some 50 regencies. Syamsir, a farmer, told The Jakarta Post on Thursday that farmers had tried many things to stop the attacks.
Sat, 07 Apr 2001, 00:00 WIB
Agency of graft eradication
Agency of graft eradication From Rakyat Merdeka Apart from proposing the reversal of the burden of proof in alleged graft cases, the Movement of the Community Concerned with State's Assets (Gempita) organization believes that the government must set up an independent agency for graft eradication, such as the Independent Commission Against Corruption (ICAC) in Hong Kong or the Malaysian graft eradication agency.
Sat, 07 Apr 2001, 00:00 WIB
Four arrested over marijuana
Four arrested over marijuana JAKARTA (JP): Jakarta Police seized 465 kilograms of dried marijuana leaves, worth about Rp 1 billion (US$94,000), from four suspected drug dealers in two separate raids, both in Bekasi, West Java, on Friday afternoon. Jakarta Police narcotics chief of detectives Comr.
Sat, 07 Apr 2001, 00:00 WIB
KL helps rubber planters
KL helps rubber planters KUALA LUMPUR (AFP): Malaysian on Friday approved a one billion ringgit (US$263 million) fund to provide loans to some 300,000 rubber planters hit by flagging prices. The decision to set up the fund was made by a special cabinet committee to raise the income of rubber smallholders, said Deputy Prime Minister Abdullah Ahmad Badawi who chaired a four-hour meeting.
Sat, 07 Apr 2001, 00:00 WIB
Political tension far from 'being resolved'
Political tension far from 'being resolved' JAKARTA (JP): The long-standing political skirmish between supporters and contenders of President Abdurrahman Wahid is unlikely to end in peace as it involves hatred and fanaticism, People's Consultative Assembly legislator Siswono Yudhohusodo says. "Political process should be conducted in a peaceful and cool atmosphere," Siswono said on the sidelines of a ceremony of the declaration of national food resilience here on Friday.
Sat, 07 Apr 2001, 00:00 WIB
Maldives plays down chances against RI in W. Cup qualifier
Maldives plays down chances against RI in W. Cup qualifier JAKARTA (JP): Maldives soccer coach Jozef Jankech refused to discuss his squad's chances against host Indonesia in their 2002 World Cup prequalifying match at Bung Karno Stadium in Senayan, Central Jakarta, on Sunday. The Slovakian coach said the Indonesian team had better skills than his side, although Maldives blanked Cambodia 6-0 in the first home match of Group Nine on April 1.
Sat, 07 Apr 2001, 00:00 WIB
RI joins FCTC?
RI joins FCTC? I am disappointed to see that Indonesia will become a signatory to the WHO Framework Convention on Tobacco Control (FCTC). The WHO is an agent of Western imperialism if ever there was one. It has undoubtedly brow beaten Indonesia into joining the FCTC and has probably provided a number of financial incentives to do so, threatening isolation if it doesn't. Such is the nature of WHO, which seems intent on eventually outlawing the use of tobacco worldwide.
Sat, 07 Apr 2001, 00:00 WIB
RI on the brink of collapse
RI on the brink of collapse From Media Indonesia Nurcholish Madjid said that without moral resoluteness, it is only a matter of time before this state collapses. This is not the first statement that he has made, and it may not be his last. We'll be waiting and waiting until this nation finally disintegrates. What will cause a nation to disintegrate? Nurcholish must give a clear explanation. At present, with Abdurrahman Wahid as president, there is no peace or security.
Sat, 07 Apr 2001, 00:00 WIB
House, labor union condemn killing of Kadera worker
House, labor union condemn killing of Kadera worker JAKARTA (JP): The House of Representatives and the All- Indonesia Workers Union Federation (FSPSI) condemned the killing of a striking worker of car upholstery producer PT Kadera A.R., saying the case must be investigated thoroughly. The joint statement was aired in a meeting between Deputy House Speaker Muhaimin Iskandar and 500 workers who are members of FSPSI at the House on Friday.
Sat, 07 Apr 2001, 00:00 WIB
Caltex in talks for exploration rights
Caltex in talks for exploration rights SINGAPORE (Dow Jones): PT Caltex Pacific Indonesia is negotiating with state-owned Pertamina for additional exploration and production acreage in Indonesia, Caltex Pacific Managing Director Bob Galbraith said late Thursday. It is still evaluating blocks offered under Indonesia's current exploration tender, he said, adding that the blocks for which it is in talks aren't included in the tender.
Sat, 07 Apr 2001, 00:00 WIB
Police suspect Army officer behind Kadera raid
Police suspect Army officer behind Kadera raid JAKARTA (JP): Police are investigating an Army officer and a member of the Serang Legislative Council in Banten province for their alleged involvement in last Thursday's attack on striking workers from car upholstery producer PT Kadera AR Indonesia. East Jakarta Police detectives have found a link between the Army officer, the Serang councillor and PT Kadera deputy general manager Amrin Gobel, reportedly through calls made from Amrin's mobile phone.
Sat, 07 Apr 2001, 00:00 WIB
Gulf Indonesia eyes gas sales to Malaysia
Gulf Indonesia eyes gas sales to Malaysia SINGAPORE (Dow Jones): Gulf Indonesia Resources Ltd. is upbeat on selling natural gas to Malaysia from the Suban discovery in the Corridor production sharing contract, South Sumatra, company chief executive Bill Fanagan told Dow Jones Newswires in an exclusive interview Thursday.
Sat, 07 Apr 2001, 00:00 WIB
Actor Roger Moore in town for UNICEF drive
Actor Roger Moore in town for UNICEF drive JAKARTA (JP): UNICEF Goodwill Ambassador Roger Moore is scheduled to arrive in the city on Sunday on a six-day visit to raise awareness about the importance of iodized salt in the diet, particularly for children.
Sat, 07 Apr 2001, 00:00 WIB
Telkom says it is not daunted by AriaWest arbitration threat
Telkom says it is not daunted by AriaWest arbitration threat JAKARTA (JP): State-owned telecommunications company PT Telekomunikasi Indonesia (Telkom) said on Friday it is ready to face arbitration proceedings by PT AriaWest International, one of its five partners in a joint operation scheme.
Sat, 07 Apr 2001, 00:00 WIB
Striking bus drivers bemoan paltry wages
Striking bus drivers bemoan paltry wages By Ridwan Sijabat JAKARTA (JP): Manasal S., a 53-year-old father of two children, lamented that luck had never been on his side and that during his 13 years as a bus driver with state-owned bus firm PPD, he had never earned enough money to adequately support his family. He said that the small monthly wage he brought home was the cause of chronic bickering with his wife.
Sat, 07 Apr 2001, 00:00 WIB
News of impending IMF visit fails to bring cheer to rupiah
News of impending IMF visit fails to bring cheer to rupiah JAKARTA (JP): The rupiah dropped again on Friday despite news that the International Monetary Fund (IMF) mission would visit Jakarta on Wednesday. The local currency, which fell to its low of Rp 10,940 against the U.S. dollar in early trade, eased slightly to close at Rp 10,875, following intervention by Bank Indonesia (BI).
Sat, 07 Apr 2001, 00:00 WIB
Asian women trafficking boom
Asian women trafficking boom By Santo Koesoebjono WASENAAR, The Netherlands (JP): The young woman closed the curtain abruptly when she recognized that the would-be client was from her own country. She was not the only Indonesian working in a lane exclusively offering Asian women in the red light district of Amsterdam. An agent exporting Indonesian women migrants to the Middle East, who is now sending nurses to the Netherlands, confirmed this observation.
Sat, 07 Apr 2001, 00:00 WIB
'Bajaj' to ride off into the sunset
'Bajaj' to ride off into the sunset JAKARTA (JP): The city administration plans to replace the bajaj (three-wheeler motorcycle taxi) with a four-wheeler transportation vehicle, called Kancil, the City's Land Transportation and Traffic Control Agency (DLLAJ) chief Buyung Atang said on Friday. "It's like a golf buggy which can seat two passengers and the driver. We will discuss the technical matters of Kancil next week," Buyung told reporters.
Sat, 07 Apr 2001, 00:00 WIB
Gus Dur hopes to meet critics to end stalemate
Gus Dur hopes to meet critics to end stalemate JAKARTA (JP): President Abdurrahman Wahid reportedly has expressed his desire to meet with top political leaders, including some of his fiercest critics, to seek an end to the country's political stalemate.
Sat, 07 Apr 2001, 00:00 WIB
Mental health -- Do we care?
Mental health -- Do we care? By Chris W. Green An estimated 400 million people today suffer from mental or neurological disorders, or psychosocial problems such as those related to alcohol and drug abuse. In the national scale, one in five Indonesians are suffering from such disorders, according to Minister of Health and Social Welfare Achmad Sujudi. Public health authorities around the globe say stigma and discrimination are the biggest obstacles facing mentally ill people today.
Sat, 07 Apr 2001, 00:00 WIB
Envoys misinformed over KL meeting
Envoys misinformed over KL meeting JAKARTA (JP): Minister of Foreign Affairs Alwi Shihab assured on Friday that Indonesia harbored no political motive when its diplomats attended a briefing held by the wife of jailed Malaysian politician Anwar Ibrahim in Kuala Lumpur, and that their presence was merely a case of miscommunication.
Sat, 07 Apr 2001, 00:00 WIB
Low-cost apartment dwellers refuse to pay rent
Low-cost apartment dwellers refuse to pay rent JAKARTA (JP): Most tenants of low-cost apartments built by the City Housing Agency during former president Soeharto's era, refuse to pay their rental fees, the agency head said on Friday. Head of the agency Irzal Z. Djamal said that in the past, the authorities asked people to move in swiftly to their apartments a day before they were inaugurated, even though tenants had yet to sign their rent contracts.
Sat, 07 Apr 2001, 00:00 WIB
BI claims 20 banks run risk of closure
BI claims 20 banks run risk of closure JAKARTA (JP): Around 20 domestic banks face the risk of closure this year as they seem unable to meet the year-end minimum 8 percent capital adequacy ratio (CAR) requirement, Bank Indonesia (BI) director for research and regulation Djoko Sarwono said on Friday. But Djoko said that the cost to the government would only be "small", at between Rp 5-10 trillion (US$465-$930 million), if the banks were either closed down or recapitalized.
Sat, 07 Apr 2001, 00:00 WIB
Rupiah rate April 6
Rupiah rate April 6 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S.
Sat, 07 Apr 2001, 00:00 WIB
Putting lives in the hands of 'Paraji'
Putting lives in the hands of 'Paraji' BANDUNG (JP): While doctors believe that unlicensed midwives contribute largely to the high mortality rate among newborns, most women in West Java prefer to use the services of the traditional midwives when giving birth. The barrage of information on health which can be easily obtained from various media and improved health facilities have yet to diminish this practice.
Sat, 07 Apr 2001, 00:00 WIB
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), until April 20. * Painting 18 Estetika Realis, by 18 painters, at World Trade Center, Jl. Jend. Sudirman Kav. 29-31 South Jakarta, April 7.
Sat, 07 Apr 2001, 00:00 WIB
Red Axe members arrested
Red Axe members arrested JAKARTA (JP): Police arrested on Thursday two of three members of a notorious street robbery gang known as the Red Axe in Cempaka Putih district, Central Jakarta. Police apprehended them as they were running away with Rp 220,000 in cash and a cellular phone belonging to bus passengers. Cempaka Putih Subprecinct Police detective chief Second Insp.
Sat, 07 Apr 2001, 00:00 WIB
Shareholders of KPC agree on 51% divestment
Shareholders of KPC agree on 51% divestment JAKARTA (JP): Shareholders of coal mining company PT Kaltim Prima Coal (KPC) in East Kalimantan have eventually agreed to divest 51 percent of their shares in the company this year, a senior government official said on Friday.
Sat, 07 Apr 2001, 00:00 WIB
Police cast net for four bombing suspects
Police cast net for four bombing suspects JAKARTA (JP): Jakarta Police are tracking down four primary suspects in connection with four different bomb blasts here last year. Jakarta Police chief of detectives Sr. Comr. Harry Montolalu said on Friday that police were looking into the possibility that at least two of the four bombing suspects were connected with more than one of the blasts.
Sat, 07 Apr 2001, 00:00 WIB
E. Java governor told to stay home
E. Java governor told to stay home SURABAYA (JP): East Java Governor Imam Utomo canceled a trip to Malaysia and Thailand after Minister of Home Affairs and Regional Autonomy Surjadi Soedirdja asked him not to go abroad while the situation in his province remained unsettled. Imam told reporters on Friday that the minister asked him not to go abroad, even for a short period. The governor was scheduled to leave on Thursday and return to Surabaya on April 12.
Sat, 07 Apr 2001, 00:00 WIB
An arbitrary act of Telkom
An arbitrary act of Telkom From Bisnis Indonesia The latest balance sheet of publicly listed telecommunications firm PT Telkom shows that it has booked a profit of over Rp 2 trillion. Komarudin SK, operational and marketing director of Telkom, said the cumulative rise in telephone rates by 40 percent would hardly cover the costs of construction of a permanent telecommunications network. (Bisnis Indonesia. March 30, 2001).
Sat, 07 Apr 2001, 00:00 WIB
Councillors' performance
Councillors' performance From Warta Kota Although the councillors in Jakarta have been given an official car each, they have not improved their performance as they had vowed. So far 10 of those cars have undergone repairs because of collision or other reasons. The councillors had insisted that the cars were necessary to support their work. But if you observe the council's parking lot, you will notice that not all the official cars are there. So the question is: Where are those cars?
Sat, 07 Apr 2001, 00:00 WIB
Megawati tees off on loss of rice fields
Megawati tees off on loss of rice fields BOGOR (JP): Vice President Megawati Soekarnoputri expressed concern over the decreasing number of rice fields in much of the farming land in the country, such as in the areas between Kerawang and Bekasi in West Java, as many of them have been converted into golf courses. "Even the colonists never touched those areas that are the main source of rice for the country.
Sat, 07 Apr 2001, 00:00 WIB
Ginandjar moves to cell from hospital
Ginandjar moves to cell from hospital JAKARTA (JP): Former minister of mines and energy Ginandjar Kartasasmita left his hospital bed for a cell at the Attorney General's Office on Friday for his alleged role in a US$24.8 million corruption scandal. Ginandjar, who will be detained for 20 days, showed no emotion as he left Pertamina Central Hospital, where he had been treated over the past eight days.
Sat, 07 Apr 2001, 00:00 WIB
Ananda's management denies failure
Ananda's management denies failure JAKARTA (JP): Indonesian racing driver Ananda Mikola's management and family denied allegations that he has so far failed to achieve success and is just wasting funds issued by the Indonesian Automotive Foundation (YOI). "It's not true that Ananda has failed. There's no other Indonesian or even Asian racing driver in the Formula 3000 series.
Sat, 07 Apr 2001, 00:00 WIB
HP expects robust sales growth in RI
HP expects robust sales growth in RI JAKARTA (JP): The Indonesian subsidiary of the United States- based PC and printer producer, Hewlett-Packard, expects a 30 percent increase in its Indonesian sales to US$130 million this year, from about $100 million in 2000. PT Hewlett-Packard Indonesia's general manager Andreas Diantoro said here on Friday that he was optimistic that this year's sales target could be achieved, given a continued increase in demand in the country.
Sat, 07 Apr 2001, 00:00 WIB
People's burden increases
People's burden increases From Pos Kota Recently the costs of daily needs have been rising by 10 percent up to 20 percent. The hike seems uncontrollable. Since the fall of the rupiah against the U.S. dollar last week, the price of soap, vegetable oil and even vegetables have increased significantly. Co-inciding with the rise in the price of fuel, these changes are suffocating the people.
Sat, 07 Apr 2001, 00:00 WIB
Arts festival opens in Palu
Arts festival opens in Palu PALU, Central Sulawesi: A one-week arts festival, Palu Indonesia Dance Forum, was opened on Friday by Director-General of Tourism Development R. Sarwono to promote Indonesian arts. The festival, taking place at the city's Gor Park, features various traditional dances, including Reago and Noalu, and music from regencies in Central Sulawesi, including dadendate music.
Sat, 07 Apr 2001, 00:00 WIB
GAM rebels asked to end 'threats' against ExxonMobil
GAM rebels asked to end 'threats' against ExxonMobil JAKARTA (JP): United States Ambassador to Indonesia Robert S. Gelbard called on Free Aceh Movement (GAM) separatist rebels to stop acts of terrorism and threats against employees of ExxonMobil Oil Indonesia (EMOI), located in Lhoksukon, North Aceh regency, reports said on Friday.
Sat, 07 Apr 2001, 00:00 WIB
Tony heads RI shuttlers in Japan Open semifinals
Tony heads RI shuttlers in Japan Open semifinals JAKARTA (JP): Indonesian men's doubles and mixed doubles shuttlers continued their advance at the US$180,000 Japan Open, winning their quarterfinal matches on Friday at Yoyogi Stadium in Tokyo. In the men's doubles, All England champions Tony Gunawan and Halim Heryanto of Indonesia, seeded fifth here, sent home the top-seeded Danish duo of Jens Eriksen and Jesper Larsen 15-11, 15-9.
Sat, 07 Apr 2001, 00:00 WIB
Gov't ponders greater profits for Aceh, Irian
Gov't ponders greater profits for Aceh, Irian BANDUNG (JP): The government is mulling giving an even greater share of revenue from natural resources to Irian Jaya and Aceh to placate growing separatist sentiments in the two provinces.
Sat, 07 Apr 2001, 00:00 WIB
Southeast Asia faces onset of democracy, China
Southeast Asia faces onset of democracy, China By Karim Raslan KUALA LUMPUR: Southeast Asia has been hit by a double whammy -- two body blows in quick succession. The first is the onset of democracy and the second is the rise of China. Southeast Asia, with the notable exception of Singapore, is in the midst of an era of "transition politics". For the record even the lurch towards greater authoritarianism in Malaysia will be unsustainable.
Sat, 07 Apr 2001, 00:00 WIB
RP military vows to 'fix' rebels, free hostages
RP military vows to 'fix' rebels, free hostages ZAMBOANGA, Philippines (Agencies): Philippine troops vowed on Friday to keep up their offensive against a rebel group which threatened and then called off the beheading of an American hostage. The Abu Sayyaf said on Thursday it had dropped its plan to kill Jeffrey Schilling, 25, to allow for the possibility of negotiations with the government.
Sat, 07 Apr 2001, 00:00 WIB
Banks remain fragile
Banks remain fragile Two years after the restructuring of the domestic banking industry that cost about Rp 653 trillion (US$65 billion), most analysts, including government economists, remain greatly concerned about the soundness of most national banks, amid the political uncertainty and economic woes. A number of the remaining 122 domestic banks, including several newly recapitalized ones, may be unable to achieve the minimum 8 percent capital adequacy ratio (CAR) by the December deadline.
Sat, 07 Apr 2001, 00:00 WIB
Four killed as violence returns to touch Sampit
Four killed as violence returns to touch Sampit SAMPIT, Central Kalimantan (JP): Violence again cast its shadow over Sampit on Friday, over a month after ethnic clashes left hundreds of Madurese migrants dead in late February. In fierce fighting some 40 kilometers west of Sampit, three Mobile Brigade police officers and one local Dayak lost their lives. The officers killed on Friday were identified as the head of the Mobile Brigade platoon in Sampit, Second Adj. Insp. Dedy, Second Brig.
Sat, 07 Apr 2001, 00:00 WIB
Exhibits tell untold stories of women pioneers
Exhibits tell untold stories of women pioneers By Mehru Jaffer and Ida Indawati Khouw JAKARTA (JP): Never heard of Soenting Melajoe? Join the crowd -- this is the name of a newsletter published in 1912 in West Sumatra by Rohana Kudus, the first "Indonesian" woman journalist.
Sat, 07 Apr 2001, 00:00 WIB
Police search for four men who pulled off Rp 141m Bogor robbery
Police search for four men who pulled off Rp 141m Bogor robbery BOGOR (JP): Police here are hunting for four men in connection with a robbery of around Rp 142 million in cash on Jl. Raya Cileungsi-Cibinong in Cileungsi Kidul village on Thursday afternoon. Bogor Police chief of detectives Adj. Comr. Santun Marpaung said on Friday the four suspects snatched the money from Neli, 28, the treasurer of garment firm PT Gunung Putri Indah Garmindo (GPIG), and the company's security guard B.
Sat, 07 Apr 2001, 00:00 WIB
S. Korea leads Indonesia 2-0 Davis Cup opener
S. Korea leads Indonesia 2-0 Davis Cup opener SEOUL (Agencies): South Korea led Indonesia 2-0 after the opening singles matches of the Davis Cup Asia-Oceania zone second round playoff Friday. South Korea's Lee Hyung-taik, the world's No. 87 player, beat Indonesia's Andrian Raturandang 6-1, 4-6, 6-2, 6-2 in the first singles match at Seoul's Olympic Park outdoor court. South Korean Yoon Young-il also defeated Indonesian Suwandi 6- 3, 7-6 (7-3), 6-2 in the day's second singles match.
Sat, 07 Apr 2001, 00:00 WIB
Tunas' net profit surges
Tunas' net profit surges JAKARTA (JP): Publicly listed automotive distributor PT Tunas Ridean Tbk reported on Friday a 270 percent increase in net profit to Rp 95 billion (US$8.6 million) in 2000, compared to Rp 26 billion the previous year. The company said consolidated sales increased 181 percent to Rp 2.1 trillion from Rp 734.2 billion in 1999, partly due to a sharp rise in the automotive division's net sales to Rp 1.97 trillion from Rp 699.5 billion the previous year.
Sat, 07 Apr 2001, 00:00 WIB
KL's main opposition party maintains support for Anwar
KL's main opposition party maintains support for Anwar KUALA LUMPUR (Reuters): Malaysia's main opposition party would step aside for jailed former deputy premier Anwar Ibrahim to lead the country if their alliance won power on his release, the leader of Parti Islam se-Malaysia (PAS) said.
Sat, 07 Apr 2001, 00:00 WIB
Proton makes third recall
Proton makes third recall KUALA LUMPUR (Reuters): Malaysia's Perusahaan Otomobil Nasional Bhd (Proton) recalled on Friday all 42,000 units of its Perdana cars for inspections of the lateral lower arm assembly, the carmaker's third recall in seven months. Proton is recalling all Perdana cars produced since the model was introduced in 1995 following a massive recall by Japan's Mitsubishi Motor Corp, the main supplier of engines and component to Malaysia's No. 1 carmaker.
Sat, 07 Apr 2001, 00:00 WIB
Stock quotations on JSX
Stock quotations on JSX Stock prices on the Jakarta Stock Exchange (in rupiah) on April 6, 2001: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 1,125 100 939,000 Adindo Foresta 95 0 0 AGIS 175 0 415,000 Alakasa 105 0 0 Alfa Retailindo 1,275 25 254,500 Alter Abadi 85 -10 16,000 Alumindo Light 625 0 0 Andhi Chandra 1,775 0 0 Aneka Kimia Raya 220 0 0 Aneka Tambang 800 25 369,000 Anwar Sierad 300 0 0 Apac Citra 285 -5 15,000 Aqua...
Sat, 07 Apr 2001, 00:00 WIB
Asia Pulp & Paper to meet with creditors for talks
Asia Pulp & Paper to meet with creditors for talks SINGAPORE (Reuters): Asia Pulp & Paper, which called for a moratorium on its US$12 billion in debt last month, is finally meeting its creditors face-to-face on Monday but bond holders doubt a concrete rescheduling plan will emerge. "There will be some summary numbers and they will probably map out a broad timetable," said a bond fund manager in Hong Kong who holds APP debt at the holding and operating company level.
Sat, 07 Apr 2001, 00:00 WIB
Washington-Beijing spat threatens Asian stability
Washington-Beijing spat threatens Asian stability By Erin Prelypchan BANGKOK (Reuters): The standoff between Washington and Beijing over the collision of two of their planes highlights the dilemma many Asian nations face in juggling relations with China and the United States. While there is little Asian countries can or should contribute to the standoff, analysts say smaller nations may face problems if U.S.-China strains persist.
Sat, 07 Apr 2001, 00:00 WIB
PLN to propose 20-25% electricity rate hike
PLN to propose 20-25% electricity rate hike JAKARTA (JP): State electricity company PT PLN said on Friday that it would soon propose to the government an electricity rate increase of between 20 percent and 25 percent. PLN president Eddie Widiono said raising the rates was necessary to bridge the wide gap between PLN's production costs and its selling price.
Sat, 07 Apr 2001, 00:00 WIB
Decentralization of fiscal rules
Decentralization of fiscal rules It can be flattering to be quoted in the press (Decentralization of fiscal rules threaten domestic trade, The Jakarta Post, April 4, 2001, page 12) but less so when quoted incorrectly. As a mere consultant I did not and, indeed, have no authority whatsoever to express the dramatic view as alleged, that your country "is at risk from disintegration ..." In any event I do not hold such a view.
Sat, 07 Apr 2001, 00:00 WIB
Civil emergency should be extended: Governors
Civil emergency should be extended: Governors JAKARTA (JP): In view of potential conflicts and refugee problems, local authorities deem it necessary to extend the civil emergency status in the troubled Maluku and North Maluku provinces, both governors said here on Friday. "The situation in Maluku is getting back to normal and clashes have decreased.
Sat, 07 Apr 2001, 00:00 WIB
ASEAN ministers to join hands to stabilize weak currencies
ASEAN ministers to join hands to stabilize weak currencies KUALA LUMPUR (Reuters): Southeast Asian finance ministers meeting this weekend will pledge to close ranks to stabilize their wobbly currencies in the face of a declining yen and global slowdown. Thai Finance Minister Somkid Jatusripitak, who was one of the first to arrive on Friday in Kuala Lumpur, said the ministers will also search for a consensus to create a currency safety net to ward off future attacks on Asian currencies.