Indonesian Political, Business & Finance News

Archive: 7 April 2001

59 articles found

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.

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.

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...

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.

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.

Rupiah rate April 6

Rupiah rate April 6 Bank notes rates TT rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 10,363.00 11,363.00 10,809.00 10,917.00Australian dollar 1 5,099.63 5,597.41 5,319.11 5,377.71Austrian schilling 1 674.03 739.65 703.04 710.62Belgian franc 1 229.92 252.30 239.81 242.

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.

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.

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...

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.

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.

'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.

Asian women trafficking boom

Asian women trafficking boomBy 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...

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.

Striking bus drivers bemoan paltry wages

Striking bus drivers bemoan paltry wagesBy 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...

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.

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.

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...

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.

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.

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.

RI on the brink of collapse

RI on the brink of collapseFrom Media IndonesiaNurcholish 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.

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.

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.

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.

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...

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.

Agency of graft eradication

Agency of graft eradicationFrom Rakyat MerdekaApart 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,...

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.

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.

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.

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.

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.

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.

Washington-Beijing spat threatens Asian stability

Washington-Beijing spat threatens Asian stabilityBy 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.

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.

Stock quotations on JSX

Stock quotations on JSXStock 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...

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.

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.

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.

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.

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.

Exhibits tell untold stories of women pioneers

Exhibits tell untold stories of women pioneersBy 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.

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.

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...

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.

Southeast Asia faces onset of democracy, China

Southeast Asia faces onset of democracy, ChinaBy 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.

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.

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.

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...

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.

People's burden increases

People's burden increasesFrom Pos KotaRecently 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.

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.

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.

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.

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...

Councillors' performance

Councillors' performanceFrom Warta KotaAlthough 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.

An arbitrary act of Telkom

An arbitrary act of TelkomFrom Bisnis IndonesiaThe 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...

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.